New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1911-04-01

from; to mai atain. conduct and operate ,
refinery or central factory; to construct
maintain and operate tramways, railroad.
and other roads that may be deemed ne
cessary for the transportation OF cane ant
other products. as well as sugar. molasses
and other articles made thersfrom, to asG
from the refinery or central factory OIL
said corporation, and generally to do and
perform anything and everything peril
nent or incident to the general purpose,
hereinbefore stated.
ARTICLE ".
The capital stock Of this company is
hereby fixed at the Gum OF three hun
! bred thousand dollars. to be divided into
| three thousand shares OF par value OF
one hundred dollars each, which shall be
paid for in cash or in the purchase OF
| property. All shares Of stock shall be full
paid and non -assnsslble No transfer OF
stock shall be recognized or be binding
upon the company unles1 made pursuant
to its by laws aud recorded upon the
books Of the company.
| This corporation shall become a going
concern rs soon IA one hundred thousand
| dollars Of ils capital stock shall have been
subscribed and paid for.
ARTICLE V.
| All the corporate powers OF this corp
| GRAFTON aud the management aud control
OF its affairs, in the matter Of purchasing,
mort tagging, selling, contracting oblign-
tons and doing all things necessary to
carry out tho powers granted by this
| Chatter and the purposes Of the corpora
| ton. shall be vested in md exercised by
the Board OF Directors corr posed OF seven
stockholders. four OF whom shsIl consti-
tutc quorum for the transaction OF it's
bnsness.
Tho first Board Of Directors shall hold
office for period Of three years, and their
On the first Monday Of March 1914, and
annually thereafter on the first Monday
Of March. Each stockhoIder shall be
| entitled in person, or by proxy, to one
vote on every share owned by him, and
said election shall BE- held under such
rules and regulations M may be provided
by the Board Of Directors
Any vacancy on the Board Of Direct ors
shall be filed by the Board for tho uD-
expired term.
The said Board OF Directors shall
continue in Office until March, 1914, as
aforesaid. or until their Successors shall
have been duly elected and qualified, and
any failure 10 elect shall not be regarded
rs a forfeiture Of this Charter. The said
Board shall have the right to appoint any
clerk OF employee Of the corporation as it
may deem tit aud expedieDt and for the
proper management and control OF said
business.
The PIesid Mt shall have authority 10
sue in behalf OF the corporation without
Especial authorization Of the Board of
Directors.
ARTICLE vi.
This act Incorporation may be
changed. modified or altered, or this cor
pOrntion may be dissolved with the as
sent Of three fourths Of the stock present
or represented. a. aReneral meeting con
vencd for that purpose, aud after 1t least
ten days written notice shall have been
given through mail addressed to each
stockholder 1t his last known place OF
residence.
ARTICLE VII.
No stakeholder shall ever be held H.
able or responsible for the contracts,
faults Or debts OF this corporation, nor
shall any mere informally in it's organi- |
cation have the effect Of rendering this |
Charter null or exposing the stockh older
to any liability beyond the unpaid bal
ance due on the shares of stock owned by |
him.
ARTICLE VIII.
In case Of dissolution Of this corperl-
ton 10y the expiration Of this Charter or
otherwise, the stockholders shall elect
three liqndafors who shall have full au-
hoiity to wind up the affairs of this com.
pany. In the event OF the death or dis.
ability of any one OF said com mi ssioners.
he remaining liquidators shall appoint =
'uccsssor to him.
Until the election to be held in March
9l4, the following named persons shall
the first Board of Directors
Ohm Bussey, II. b. Hswes, Charles A.
'oirson. c. A. McGowen, Charles l..
dOnnot. Walter J. Burke and Mrs. A. l..
donnot OF whom John G. Bussey shall be
Z. A. McGowen, Vice. Presi.
snt, c. A. Poirson, Secretary and Treas
rer.
Thus done and passed inny Office in
he City OF New Iberia, Parish Of Iberia,
tate Of Louisiana. on the day, mouth and
ear Erst above written, in the presence
David Davis and e. G. Edwards, com
etent witnesses. who have signed these
Tesents with sppeHrers and me. Notary,
fter due reading Of the whole.
IRIS. A. l.. MONNOT. -. 900 Shares
per q. l.. Monnot. Ii
1883 ODETTE MONNOT. 200 Shares
per g. l.. M)nuot.
RS. p. PAZZI.. ......... 200 Shares
per G. l.. Monnot
!. b. HEWES. ...... ...15O Shares
NO. c. BU3SEY... .. 100 Shares T
RS. GEO. FITZHUGH. 81 Shares e
per Walter J Burke.
go. w. DALLAS. -. :. 100 Shares