New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1911-04-08
rom: to maintain, conduct and operate q

aud her roads that may he deemed ne
cessary for the transportation of cane aud
OF her products. rs we'll MS sugar, molasses
and other articles made theretrom, to and
from the refinery or central factory OF
said corporation aud generally to do and
perform ANYTHING and every thing peril
uent or incident to the general purpose.
herein before stated.
ARTICLE ".
The capital stock of this company is
hereby fixed at the sum Of three hun
dred thousand dollars, to be divided into
three thousand shares OF II par value OF
one hundred olarS each which shall be
paid for in cash OF IN the purchase of
property. All snares Of stock shall be full
paid aud non assosslble. No transfer of
stock shall be recognig i or lie binding
upon the company unless made pursuant
to its hy laws aud recorded upon the
books of the company.
This corporation shall become n going
concern as soon ~ one hundred thousand
dollars CT its capital stock shall have been
subscribed and paid for.
ARTICLE V.
All the corporate powers OF this corn
Grafton aud the management ard control
OF its affairs, III the matter of purchasing.
mortgaElng, selling, contracting obhEa-
tons aud doing all things necessary to
carry out the powers granted by this
Charter and the purposes Of the corpora
ton. shall be vested in and exercised by
the Board Of Directors composed of seven
stockholders. four of whom shall eonSti-
tute quorum for the transaction OF its
business
The first Board of Directors shall hold
Office for period of three years. and tn .lr
successors shall be elected annually on
on the first Monday of March lpll, ana
annually thereafter on the first Monday
of March. Each stakeholder shall be
entitled IN person, or by proxy, to one
vote on every shar" owned by him, and
said election shall he held under such
rules and regulations rs may bs provided
by the Board of Directors
Any vacancy on tho Board of Directors
shall be filed by the Board for the un-
expired term.
The said Board of Directors shall
continue in Office until March, 1914, as
atoI eshid, or until their successors shall
have been duly elected and qualified and
any failure 10 elect shall not be regarded
NJ forfeiture of this Charter. The said
Board shall have the right to appoint any
clerk or employee Of the corpo, alton as 1t
may deem fit and expedient and for the
proper management and control of Sid
business.
sue in behalf of the corporation without
Especial authorization Of tho Board Of
Directors.
ARTICLE vi.
This act incorporation may be
changed. modified or altered, or this cor
poration may be dissolved with the as
sent Of ii re' fourths of the stock present
or rapres, ntsd, ~ agenerul meeting con
vened for that purpose, and after at least
ten days written notice shall have been
given through mail addressed to each
stakeholder ut his last known place of
residence.
ARTICLE VII.
No stockholder shall ever be- held Ii
able or responsible for the contracts,
faults or debts of this corporation, no,
shall any mere informality in it's ergani-
cation have the Effect Of rendering this
Charter null or exposing the stock older
to any liability beyond the unpaid bal
ance due on the shares of stock owned by |
him.
ARTICLE VII.
la case Of dissolution of this corpora
ton by the expiration of this Charter or
otherwise, the stockholders shall elect |
three liquldstors who shall have full au-
thoIity to wind up the affairs Of this com
pany. In the event of the death or dis
ability of any ono OF said commissioners,
the remaining liquidators shall appoint u
successor to him.
Until the election to be held in March |
1914, the following named persons shall
the first Board Of Directors
John Bussey, II. b. Hewes, Charles A.
Porson, G. A. McGowen, Charles l..
Monnot. WalterJ Burke aud Mrs. A. l..
Monnot of whom John G. Bnssey shall be
President, 9. A. McGowen, Vice Presi-
dent, Z. A. Poiraon, Secretary and Treas.
nrer.
Thus done and passed ia my Office in
The City OF New iberia, Parish Of iberia,
State Of Louisiana. on the day, month aud
year first above written, in the presence
IF David Davis and &. Z. Edwards, com
)etent witnesses. who have signed these
with appearers and me, Notary,
after due reading Of the whole.
MRS. A. l.. MONkOT. 900 Shares
per G. l.. Monnot.
HISS ODETTE MONNOT. 200 Shares
per Q. l.. Monnot.
MRS. P. PAzKI.. ....... 200 Shares
per G. l.. Monnot.
!. b. HEWEb. ....... -. 100 Shares
NO. c. BUSSEY.. 49,. 100 Shares
ARS. GKU. FITZHUGH. 81 Shares
per Walter J Burke.
'EO. w. DALLAS. -. :. 100 Shares
per Walter J. Burke.
n. ]. P. HARRISON. 400 Shares
WALTER J. BURKE. :. :. 100 Shares
)R. G. A. MCGOWEN 90 Shares
per Walter J. Burke.
!. A. POIRSON. zee. -. 100 Shares
per Walter J Burke.
FRED W. BAUMAN,
WITNESSES. Notary Public.
DAVID DAVIS,
q. e. EDWARDS.
State Of Louisiana, Parish Of Iberia.