New Iberia enterprise and independent observer., 1912-07-20

for the period of fifty years from and after the
date hereof.
Tho President, or in his absence the Vice Pres
ident. shall be the proper person upon whom ci'
tation or other legal process may he served
| ARTICLE bECOkD.
| The obiects and purposes fer which this Ger
poratios is organized and the nature OF she ousi
mes. Z, be carried on by IL. declared to be ths
| following, o'wit: k.- - - a,
| To cultivate and raise sugar cane, corn and
other asricultu ltural products; to manufacture ana
re6ne sugar: TO buy and sell sugar cane ana oth.
! or products ns we'll as sugar, moisss.s ana al
| ether articles that may be made thereirom ana
| to those ends to acquire, purchase ana nolo pan
tatious or tracts of land and to work ana cultivate
| ,n...m. either in sugar cane, corn other pro
ducts, to manufacture the products raised on
sajd lands as we'll as the products OF lands owned
nv other persons int sugar, moiasses, alcohol or
oshsr commodities of trade that can be made or
az traeted therefro; to sell such products either
In araw Or manufactured state to BUY ana pur'
ase crops Of sugar cane or other hrueies 'ha'
ran be made or extracted therefron, or other ag
z cultural products; to maintain, Conduct ana OPP
crate refinery or central factory TO construct,
m ain tain and operate steAmboats tramWays,
railroads Q, E oshs. roads sn cse. and o,hsr
products as well as sugar, moiasses ana other
articles that may be made thercfrom to and from
the refinery or central factory of said corporation
and senersllv to do and perform anything and
everything pertinent or incident to the general
purposes hsreinabove stated
ARTICLE THIRD.
Sixty Five Thousand Dollars 1855, 900 OO) divi
ded into and represent by $50 shares of the sum
of fSlOO.UO) One Hundred Dollars each, which
said stock shall be paid tor IN e"sh :. .ns ', IN %,
less than pay In payment or exchange for proper
tv or rights actually received or purchased by
said corporation or the SANE may nay 90 ,bsp r
uable considerations or services as the Board or
Directors of said corporation may determine
provided that no stock shall be issued until the
Al ion for haa he
Any stock holder may SELL assign or transfer his
stock in this corporation, provided thirty days
prior notice of such intention to sell assign or
transfer the same be given the Company, and
the other stockholders thereof shall have the |
nrst privilege Of purchasing same after which |
thirty days notice the SAID stock may be sold in |
The atock Of said corporation may be trans |
ferred under the above conditions, provided such
transfer thereof be made on the bsoks OF said
company, at its office, and on surrender OF tn.
certificate thereof. No transfer of anv fractional
part OF share shall be made,
This corporation shall commence doing busi |
nesr a. soon as one hundred shares OF the capital
stock shall have been .ue;eribsd @ & TOR, Ihe beard
how much stock shall be Issued
ACTICLE FOURTH .-....,.l..
The corporate powers Of this company shall be
vestedin and be exercised by Board Of Direc-
tors composed Of three stockholders. At the
pleasure ef the Board OF Directors the number
Of said Directors may be increased to five. From
their number they shall elect President and .
Secretary. Treasurer. The following persons shall
constitute the first Board Of Directors, to- wit
II. Shelby Sanders. Charles y. Borah and waite:
J. Blu, ke, whereof Walter :. Burke shall b sPr
idsnt, q +. Borah. Vice -President and H. Q. San
ders, Secretary Treasurer.
No person shall he eligible as Director or an
ONCE rho is not \ stoekhOider OF this company.
Said Board shall continue IN office until ,he first
annually Board Of Directors shall be elected ut
the office OF the company. said election TO Ue held
st the hour Of i0s m m sniss. the :, same M should
the next legal day theresfter. Notice Of said
e.e tion shall be given by ten days publication
Sc I'M ssd % IN sn% VS.
Directors shall appoint one or more stockholders
to preside ~ such election - Commissioners, In
to attend, the vacancy shall be
hlled BY appointment, .I. /
;, Any fsilArs from any cause whatever to elect
aos d..Cvs shs ~ sorDo1sson tSs Ru'Po.s
then In olflce, ~ we'll ~ the officers Of snd com.
pasy, shall hold over until their successors are
mother election to be held within thirty days
md shall give notice thereof a. hereinbeiors pro-
Al every election and meeting each stockholder
hall be entitled to vote for each share Of stock
In his name, and may vote by proxy
rhs election Of Directors shall be by ballot. and
,er.cn Or persons for whom they hsv. BEEN csst
ftsr each election the Board OF Directors shall
lect from their own number the officers of said
ARTICLE FIFTH.
The Board Of Directors ahAll have full power
o all vacancies In their number caused by death,
or otherwise, from among the stock
The said Board shall have full control Of the
rspsrty Of this con pauy and shall so conduct, |
hoy deem nt and that il consist with the objects
( this company of the welfare of the sams, full
athority being vested In said Board to exercise
90 80 Al
ally AMI as completely a. could be exercised by
he stockholders themselves in general rneetino,
rovided that IL the Board Of Directors should
said corporation or to sxsyciss any function :
sually beyond the control and management Of =
osrS q pirssso:a ac!:a s9s Of
o:isie. VIII bf Rfyssqul.l.s to i. validity, and
hen the proposition which Il beyond the ordnsry 81
sSs ssosESoidsss tor their dessrmiDstiep :. Il
Y Il In such cssss. d
The ssid hoard l. further authorised to frame b
" a6afrs and business Of corporation may re.
uire snd - It may deem necesssry for the con.
ucting and management thereof, provided the Il
Inc shall not conflict with this Charter or with -
,e laws Of the state or Of the United States.
The eaid Beard shall elect such o6acsrs agents. ID
nployees servants and clerks ?. Il may deem II
scsssary tor the conducting OF the business Of ::
10 corporation, dx their compensation term Of -
'rviee, with tho right TO dismiss them At said q
OArd's pleasure; 4hd said Board shall have the os
ght to hx and determine the salares Of the sew q
'al ofacers hsrein provided for. t''e al
- ARTICLE SIX ri. 4
This Charter may be changed. modified os o.
nended, the capital stock increased " decreased,
this corporation may be disselved at join, meet
: af the qtsckAelders coaveaed fer the purpose,
tA the asaeat Of three fourths Of the entire cap
i stock whether present Of represented at said y
Getting. Tea days prior notice Of such meeting " :,
all be given in any newspaper published In this :.
rsh. In eass Of dissolution or termination o, =
10 eorposston either by limitation Of ~ Charter =.
from any cause. the lquidatioa Of ito sffsrs !
al be ssadue:ed by three Commssioaers, select /.
fssm the stock kAodess, with Ike assent, and At 2
meeting called for thar purpose y above ses forth cl
this article. Said commissioner shall remain ~
Office uati the sffain Of said corporation shall VI
We beea fsly iquilassd. In case Of the d.ssh .
enc o. more Of saia commissioners, the survi- y
= Or ssfvivors shall cAatiuss to act. VI
ARTlCLEs SEVENTH. -
No etcekhoder Of thia eorpontoa sAall ever be - y
y liabls q respansb fer the contracts OF faults ~
sseof IN any fufshsr sam than the unpaid balance !.
2 the company on the shares Of stock subscribed =
! q owaed hy him, nor shall sny informal,y
osgtnisation have the effect Of rendering this
,srser null w Of exPosing a teckholder to