New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1911-07-08

shall bs "CANE LAND SUGAR CONF
ANY, LIMITED" aud under that nam
IL snail have and enjoy all the rights an
privileges granted by law to COZ Dor ations
1t shall exist for the period of twenty. fiy
(25) years from this date; it shall hav
power to contract, sue and be sued in it
corporate name, to make and use cor
porats seal. to hold, receive, purchase
convey, mortgage, hypothecate or pledz
property, both real and PERSONAL to issu,
bonds, notes and other obligations, t,
have and eraploy such managers, direc
tors, officers, agents or other employee,
as the interest and convenience of sucl
corporation may require, and to discharg,
the same as they may see fit; to make ne
establish such bylaws, rules and regu
iations for the proper management anC
control of the affairs of said corporation
through its Board of Directors, as may
be necessary or expedient.
ARTICLE IL.
The domicile of this corporation shall
be in the City of New iberia, Parish Of
Iberia, in this State, and all citations anc
other legal process shall be served on the
President. or in his absen CO ON the Vice
President, and in the absence Of both, on
on the Secretary of said corporation.
ARTICLE Ill.
The purpose for which this corporation
is organized aud the nature of the bust
ness to be- carried on by it are declared
and specified to be as follows: To cult
vate and raise sugar cane, corn and other
agricultural products, to manufacture and
refine sugar, to buy an ! sell sugar cane
and other products. as we'll a. sugar, mo.
lasses and other articles that may be
made therefrom; and to this end to &C.
qnire, purchase and hold plantations OF
tracts Of land and to work and cultivate
the same, either in sugar cane, corn o,
other products; to manufacture the pro-
duets raised on said laHds, as we'll as the
products Of lands owned by other persons
into sugar, molasses, alcohol or other
of trade that ear be made
or extracted therefrom; to sell such pro-
ducts either in a raw or manufactured
state; to buy and purchase crops of sugar
cane or other articles that can be made
therefrom; to maintain, conduct and op.
crate a refinery or central factory; to
maintain and operate tram
ways, railroads and other roads that may
Is nE.st6e SeeRPfsas 81 ssss aF ths stapaReE
"a sugar, molasses and other articles
made therefrom, to and from the refinery
or central factory of said corporation,
and generally to do and perform any
thing and everything pertinent or lnci'
dent to the general purpose hereinbefore
ARTICLE Nv.
The capital stock. of this company Il
hereby fixed at the sum OF nifty tnoussno
dellars. to be divided int five hundred
shares of q par value of one hundred DOL
lars each. which shall be paid for in casn
or in the purchase Of property. All shars'
of stock shal be full paid and non-asses
s.hla No transfer OF, stock shall be rec
oanized or be binding upon the company
unless made pursuant to its bylaws ant
recorded upon the books Of the company
This corporation ehall become gols!
concern 40 soon as Three Thousand Dol
lars of ito capital stock shall have oes'
subscribed and paid for.
ARTICLE v.
All the corporate powers OF tnis corp
oration and the management ana contrO
ef its affairs, in the matter OF purcnssine
morteagins, selling, contracting ooi'ea
tiors and doing all things necessary :
carry out the powers grantee oy tn'
Charter and the purposes OF the eorpots
t;on shall be vested in and exercised O.
tho Roayd Of Directors composed Or nv
stockho olders, three OF whom snai cons.' J.
tute quorum fer the transac'ion oI =
business. There shall be an exece.lv
committee composed of the Presiden'
Treasurer and Manager, who shall pei
form sueh duties and exercise sucn pov
or. AZ may be delegated 70 II oy 81
RoA d Of Directors. At no time snail "a
President or the Vice Presidents acting
President, act as manager on saio 6A'
cutive Committee. -,
The first Board Of Directors snail no'
office for . period OF three years, an
th.;r en- ,cessors shall be elected on tn
1srst Monday Of April, 1914, and tr,sl
uually thereafter. Gacn ssecAao..,
shsIl be entitled in person, or oy Proa:
"a one vote on every share ownee ~ nlu
and said election shall be nsid unu'
snch rules and regulations as may DO pr
vided by the Board of Directors.
Any vacancy on the Board OF D'rec'o
.h.ll be filed py the Board for the une'
The said Board Of Directors shall co
Time in Office until Gpril, l9l4, % aior
s.;d or until their succsssors shall ma
h.sn duly elected and qual'iied, =
80 e.;lure TO elect shall not be reRafo'
forfeiture OF this Charter. The %
s. posrd shall have the right 20 appoint q
.,.rt or emplcyss Of the corporation -
NAV deem 6t and expediest ana Icr :. !.
proper management snd cortfoi " o
The President shall have authority
ana in behalf Of the corporation .wi'no
!. suecisl authorization OF the Doaro
D' ARTICLE VI.
| mh;. aat Of incorporation may
.h.nosd. modified or sltered, or tnis 8
a...;cr a. NAV be dissolved with the asst
ps .hrse fourahs Of the stock present
rerreseuted, at = general meeting scn'
rsf for that purpose. and after q -
- 6.va written notice shail nave oe
~;-.n through nail addressed 80 .
stock holder It his last known P'ses "
sideAce. vc,r vYr
Il No stockholder shall sver oe ne'u
All. or responsible for the consrse
ss.its 81 debts OF this sefposation,
! .h.il apy mere informally IN IN iss
..,;...;on have the effect OF render
, ri. Charter null or OF exposing the go
holdsr to any liability beyond the
! paid balance due on the snssss - -