New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1912-06-29

ness 10 be carried on by 1t, are declared 10 DC u"
To rnit,y ate and raise sugar csne, corn and
other agricultural productsi to manufacture ano
refine sugar: 10 buy and sell sugar cane ana oen
products. as well ma sugar moIes s mau NM
either articles that may be made thereffomi ano
to these ends to acquire purchase ana NOS Pihh
ta,jons or tracts OF land and /" work and eutSete
the same. either In sugar cane. corn or o'ne' pro
duets: to manufacture the products raised on
said lands As well as the products OF lands owned
BY other persons into sugar, moiasses, aIcohoi OF
| other com modities of trade that can be made ~
ex trscted therefrom to sell such products either
In raw or manufactured state; TO BUY ana put
chase crops Of sugar cane or other articles ths'
can be made or extracted thereir"m. or other az
r.cutursl products. to maintain, conduct ana op
crate n refinery or central factory to construct
m ain tain and operate steamboats,, tramways,
railroads or other roads that may be deemed ne
e,ssary for the transportation of cane ana other
products as we'll as sugar, molasses ana ether
articles that may be made thercirom to ana from
the refinery or factory Of said corporation
aud generally to do and perform anithing ana
everything pertinent or incident to the general
purposes hereinabove stated
ARTICLE THIRD
The capital 1T ok of said cnrporation shall be
smty-Fiye Thousand Dollar. 1855 900 0o) divi'
,ied into and represented by $50 shares of the sum
| of $500 UOl One Hundred Dollars each, which
said stock shall be paid for In cash at the ',ms .,
less than pay in payment or exchange for proper
| ty or rights actually received Or purchased by
| said corporation, or the same may bs issued ~,
| usid. for oney advanced, aud Tor such other val
| nahls erations or services rs the Beard OF
| Directors of said corporation may determine
| provided that stock shall be Issued untii the
| consideration therefor has been received BY SAID
| corporation.
| ANY stoekholder may sell assign or transfer his
| stock in this corporation, provided thirty days
| prior notice of such intention to sell, assign oI
| transfer the same be given the Company, aud
| the other stockholders thereof shall have ths
| first privilege of purchasing same, after which
! thirty days notice the said stock may be sold 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 anv fractional
| part of n share shall be made.
| This corporation shalt commence doing busi
pcsr as soon rs one hundred shares of the capital
| stock shall have been subscribed for The Board
| Of Directors shall have the right to determ Ds
| how much stock shall be Issued
ACTICLE FOURTH
The corporate powers of this company shall be
vested In and be exercised by = Board of Direc.
| tors composed of three stockholders. At the
pleasure IF the Board of Directors the number
| of said Directors mas be increased to five. From
| Aler number they shall elect u President and Z
Secretary Treasurer. The following persons shall
| constitute the first Board Of Directors, to.witi
II Shelby Sanders, Charles + Bnrah and Walter
| !. Bu,ke, whereof Walter J. Burke shall he Pr
| ident; @ F. Borah, Vice Presid, mt and II. 4. San
| ders, Secretary Treasurer
No person shall he eligible as Director or an
oitice who IL not q stakeholder of this company.
Said Board shall continue Ia Office until the first
day of July 1913, en- which date and thereafter
annually Board of Directors shall be elected at
the Office of the company. said eection to be held
| ut the hour OF 10 m, unless the same should
| be n holiday, when the election shall be held on
| the next legal day thereafter. Notice of said
ee ton shall be given by ten days publication
Immediately preceding said election iu a news
paper published in the Parish Of Iberia; and the
y q a. or
to preside at such election q, Conan issioners. In
| tn. event of the failure of any Commissioner cr
Commissioners to attend the vacancy shall be
Allied by appointment.
| Any failnre from any cause whatever TO 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.
pnny, shall hold over until their successors are
chosen. In such event the President ahall call
another election to be held within thirty days
and shall give notice thereof as hereinbei pro.
vided
At every election and meeting each stockhop ier
shall be entitled to vote for each share Of stock
registered in his name, and may vote by PROXY.
The election OF Directors shsl be by ballot, and
jority In amount of votes east shall elect the
person or persons for whom they have been east
After each election the Hoard OF Directors shall
elect from their own number the officers Of said
company.
The Board of Directors shsli have full power
TO fli vacancies in their number caused by death,
resignation or otherwise, from among the stock
holders Of the corporation.
The said Board shall hsv. full control OF the
property Of this company and shall SO conduct,
m ans Rs aud use the same Ms in their discretion
they deem A. and that 10 consist with the objects
OF this company of the welfare of the same, full
authority being vested In said lioard to exercise
all Of the corporate powers of this corporation ~
fully and as completely A. could be exercised by
the stockholders themselves IN general ueetino,
provided that X the Board 1T Directors should
desire to sell any considerable part of the assets