New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1912-06-15
e,s 70 be carried OIL by it, as declared to be tn

ness 70 be carried OIL by it, a-s declared 70 be tn
following towit:
To cultivate and raise sugar cane, corn anC
other agricultural products TO Manufacture ahe
refine sugar; to buy and sell sugar cane and oth
er products, as we'll sugar, molasses ana al
other articles that may be made tberetrom ano
TO these ends TO acquire, purchase ana hoIe plah
tations tracts of land and TO WORK ana cultNele
the same either in sugar cane corn or other pro
duets; TO manufacture the products raised on
said lands well as the products Of lands owned
BY other persons into sugar molasses, alcohol OF
other commodities of trade that can he MADE OF
extracted therefrom; TO sell such products either
in raw or manufactured state; to buy and pur'
chase crops of sugar cane or other articles lhaI
ran be made OF extracted therefrom or other jag
ricultural products; to maintain, conduct and OPP
crate a refinery or central factory; TO construct,
IN ain tain and operate steamboats,, tramways,
railroads or other roads that may be deemed Ne
cessary for the transportation OF cane ana other
products well sugar molasses and other
articles that may be made thercfrom to and from
the refinery central factory of said corporation
and generally to do and perform anyr1ling and
everything pertinent or incident to the ger er Il
purposes hereinahove stated.
ARTICLE THIRD.
The capital ST ok Of said corporation snail he
xnRiy- Five Thousand Dollars 1858 ,OOO.Ool d3Nl-
ded into and represented by 600 shares OF the sum
of 100000 One Hundred Dollars each which
said stock shall be paid for in cash at the time Of
subscription or the same may be Issued at nor
less than pay in payment or exchange Tor proper
ty or rights actually received or purchased ~
said corporation, or the same may be issued nun
nsid for money advanced and for such other val
liable considerations or services as the Board d
Directors of said corporation may determine :
provided that no stock shall be issued uuIll me
consideration therefor has been received by aid
corporation.
ANY stockholder may sell, assign or transfer his
stock in this corporation provided thirty DAYS
transfer the same be given the Company, and
the other stockholders thereof shall have the
first privilege of purchasing same after winch
thirty days notice the said stock may De soId IN
open market.
The stock of said corporation may be trans
ferred under the above conditions, provided such
transfer thereof be made on the books Of said
company, at its office and on surrender OF the
certificate thereof No transfer OF any fractional
part Of q share shall be made.
This corporation shall commence doing busi-
nesr as soon one hundred shares OF the capital
stock hall have been subscribed for The Beard
of Directors shall have the right TO determine
how much stock shall be issued
ACTICLE FOURTH
The corporate powers of This company shall be
vested in and be exercised 10y Board Of Direc-
tors composed of three stockholders. At the
pleasure ef the Board of Directors the number
of said Directors msy be increased 10 five. From
. cir numb they shall elect President and a
The following persons shall
constitute the first Board Of Directors to- wit:
H Shelby Sanders Charles F. Borah and W alter
j. Blu, ke whereof Walter J. Burke shall he Pres
ident; G F. Borah, Vice President and ii. q San
ders Secretary-Treasurer.
No person shall he eligible as Director or
Office who is not a stakeholder of this company.
Said Board shall continue in office until the first
day of July 1918, which date and thereafter
annually Board of Directors shall be elected at
the Office of the company said election to be held
at the hour of 10 Il. m, unless the same should
be n holiday, when the election shall be held on
the next legal day thereafter Notice of said
e 'tion shall be given by ten days publication
i III N ediately preceding said election Ia news
paper published in the Parish of IBERIA and the
Directors shall appoint one or more stockholders
to preside at such election Commissioners. In
the event of the failure of any Commissioner or
Commissioners to attend, the vacancy shall be
filled by appointment.
Any failure from any cause whatever 70 elect
Directors the day named for that purpose shall
not dissolve the corporation, but the Directors
then in Office, well as the officers of said com
pany, shall hold over until their successor are
chosen. In such event the President shall call
another election to be held within thirty days
and shall give notice thereof as hereinbeiore pro-
vided.
At every election and meeting each stakeholder
shall be entitled to vote for each share Of stock
registered in his name. and may vote by proxy.
The election of Directors shall be by ballot, and
majority in amount Of votes east shall elect the
person or persons for whom they have been cast.
After each election the board of Directors shall
elect from their own number the officers of said
ccnpAny
The Board of Directors shall have full power
to ill vacancies in their number caused by death,
resignation or otherwise, from among the stock.
holders of the corporation.
The said Board shall have full control of the
property of this company and shall so conduct,
manage and use the same as in their discretion
they deem fit, and that is consist with the objects
Of this company of the welfare of the same, fun
authority being vested in said Board TO exercise
all Of the corporate powers of this corporation as
fully and as com pletely could be exercised by
the stockholders themselves in general neet1no;
provided that il the Board of Directors should
desire to sell any considerable part OF the assets
OF said corporation to exercise any function
usually beyond the control and management Of
Board of Directors, the concurrence of every
member of the Board of Directors 10 such pro-
pos ition will be prerequisite to its validity, and
in The event said full concurrence be not obtained
then the proposition which is beyond the ordinary
scope of Boards of Director, should be referred
to the stockholders for their determination as 10
usual in such cases.
The said Board is further authorized to frame
and adopt such bylaws, rules and regul ations
the Affairs and business of corporation may re-
quire and as it may deem necessary for the con-
ducting and management thereof; Provided the
same shall not conflict with this Charter or with
the laws of the State or of the United states
The said Board shall elect such officers agents.
employees, servants and clerks rs it NAV deem
necessary for the conducting Of the business Of
the corporation fix their com pens alton term of
service, with the right to dismiss them at said
Boards pleasure; and said Board shall have the
riSut 70 u4 Anu the salaries of the
erai officers herein provided for
ARTICLE SIXTH.
This Charter may be changed, modified or
amended, the capital stock increased or decreased,
Of this cooperation may be dissolved at joint meet
ing Of the stock holders convened for the purpose,
with the assent Of three fouths of the entire cap
tal stock whether present or represented at saId
meeting. Ten days prior notice of such meeting
shall be given in any newspaper published in this
parish In case Of dissolution or termination Of
This corporation either by limitation of its Charter
Or from any cause, the iquidation Of its affairs
hall be conducted by three Commissioners, select
ID from the stockholders, with like assent, and at
meeting called for that purpose as above set forth