New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1912-06-22
ness TO be carried on by 1t, are declared to be the

ness 10 be carried on by IT, are declared to be the
following, 10 wit.
To cultivate and raise sugar cane. corn and
other agricultural products; to manufacture and
refine sugar; to buy and sell sugar cane and 9th.
er products, we'll sugar molasses aud all
other articles that may be made therefrom; and
TO these ends to acquire, purchase and hold plan
ta' ions or tracts of land aud to work and cultivate
the same either in sugar cane, corn or other pro
ducts; to manufacture the products raised on
said lands, MS well ms The products of lands owned
by other persons into sugar, moasses, alcohol or
other commodities of trade that can lie made or
extracted thereirom; to sell such products either
in = raw or manufactured state; to buy and pur.
chHse crops of sugar cane or other articles that |
can be made or extracted therefrom or other az. |
ricaitural products. to maintain conduct and op. |
crate refinery or central factory; to construct, |
main tam and operate steamboats,, tramwHys
railroads or other roads that may be deemed ne
ctssAry for the transportation IF cane and other
products, ms well as sugar, molasses and other
articles that may lee made thercfrom tn and from
the refinery or central factory of said corporation
aud generally to do and perform an, thing aud
everything pertinent ~ incident To the general
purposes herpinahpva stated.
ARTICLE THIRD.
The capital st ok of said CORPORATION shall he
sKty-Five Thousand Dollars t$65 900 0oD divi.
ded into and represented by ESQ shares ofthe sum
Of $4,000 One Hundred Dollars each, which
said stock shall he paid for in cash ut the time of
subscription, or the same ma be isaued, ut not
less than pay in payment or exchange for proper |
ty or rights actually received or purchased by
said corporation, or the same may he issued full
|
uablr considerations or services the Board Of
Directors of said corporation may determine:
provided that no stock shall be issued until The
consideration therefor ha. been received by said
Any stakeholder may sell assign or transfer his S
stock IN this corporation, provided thirty days
prior notice of such intention to sell assign or
transfer the same be given the COMPANY and u
the other stockholders thereof shall have the f
first privilege of purchasing same after which ri
thirty days notice the sad stock may be sold In |
open market. n
The stock of said corporation may be trans "
ferred under the above conditions. provided such fl
transfer thereof he made the books of said =
company, Mt its Office. aud surrender of the II
certificate thereof. No transfer of any fractional
part of share shall be made -,
This corporation shalt commence doing busI .
ic sr as soon as one hundred shares of the eapita
took shall have been subscribed for. The Board
# Directors shall have the right to determine
low much stock shall be issued
ACf1CLE FOURTH -
The corporate powers of This company shall be
ested IN and be exercised by Board of Direc-
ors composed of three stockholders At the
pleasure eff the Board of Directors the number |
L said Directors msg be increased to five. From II
heir number they shall elect a President and a n
ecretary Treasurer. The following persons shall Z
the fret Board OF Directors to wit | n
Shelby Sanders, Charles L. Borah aud " alter
Ike, whereof Walter J. Burke shall he p D
ienti q T. Borah. Vice. President and H. T. San
,rs, Secretary Treasurer.
No person shall he eligible rs Director or an 4 {
lice " no is not stakeholder of this COMPANY
did Board shail continue in Office until the first 81
ny OF July 1918, on which date and thereafter |
bnualIy n Board of Directors shall he elected AT
ne Office of the company. said election to be held
the hour OF 10 a m unless the same should
2 holiday, when the election shall be held on
nc next legal day thereafter. Notice of said
e ton shall be given hy ten days publication
D lueu'a,tiy preceding SAID election in news
APP published in the Parish of IBERIA and the IN,
ireciors shall appoint one more tock,oilers m,
preside at such election AZ Commissioners In a,
II event of the failure Of any Com missioner or MI
!mmissioners to at.end, the vacancy shall be 29
led by appointment. -
Any failure from any cause whatever TO elect
lrectors the day named for that purpose shall
u dissolve the corporation, but the Directors
en- IN Office MS we'll as the officers of said com.
my, shall hold over until their successors are ,,
osen. In such event the President shall call De
other election To be held within thirty DAYS in
d shall give notice thereof as hereinbe ore pro. ON
led dh
4 t every election and meeting zach stoclboHs, will
all be entited to vote for each share of stock fol
sistered in his name, and may vote by proxy, mo
70 election of Directors shall be by ballot and NV
majority in amount of votes east shall elect tho eAC
rson OF persons for whom they have been cast | |
ter each election the Heard Of Directors shall 9
ct from their own number the officers of said =
n pany. D
ARTICLE FIFTH. Jur
he Board of Directors shall have full power a
hii vacancies in their number caused by death | =
ders of the corporation. Hot
he said Board shall have full control of the T
perty OF this company and shall SO conduct, n
y deem ft and that is consist with the obircs Il
his company of the elfare of the same full Jnl
monty being vested in said Board to exercise O.
" the corporate powers of this corporation IA o
~ and ms completely could be exercised by Jul
stoekhol ders themselves in general meetno, /,
vided that II the Board of Directors should
IRE To sell any considerable part of the assets
said corporation or to exercise any function
ally beyond the control and management of
I'D OF Directors, the concurrence of every
nber OF the Board of Directors to such pro.
ton VIII De n PREREQUISITES to its validity nd |
he event said full concurrence be not Obtained
, the proposition which is beyond the ordinery
be OF Poards IF Director should be referred
be stockholders for their determination ns In
ii in such cases.
ne said Board is further autborizeJ IN fr. a. ~
aaoPt such bylaws, rules and regulations as
'Hmfs ana business of a corporation NAV re-
e ana AS 1t may deem necessary for The con
ing and management thereof; provided ,ha N,
shall not conflict with this Charter. or Win +. ~,
avs OF tbs State or of the United States wv
lie said Board shall elect such Officers agents abov
800, ,os.ss, servants ana clerks as it may deem to u
q. ,har OF the business Of Shel
ice With the right to dismiss them a arm . "a Dep
% pleasure and said Board shall hive III. for 8
oeers herein nrnye dne salaries OF the sew high
ARTICLE SIKH =, 'i'
- y !. .teu' hodined or hour
ssJ I. ai.ssss .. decreased S,
the stor bldsrs ,,n,.n.d g.. -, ''". meet the
the assent of tb,,e fon,tb, IS ~. .! poSe' All
,oek whether pres,n, or r.,ress,,.a "p grocs
hg. Ten days prior notice Of such meeting 40
be given in anv nevv.r,nor n,hlish.,. e's buDd
!, In cas-. of ;e.ol,.,aa - '''s cents
orpo,ation either nv l,r,;.,t,r r. :" - per a
I'M any cause. III, l;on;d.,;a, g =. a., paid
be eonduc ed by three Commissioners. select 1l'
I'M the stoekholder, with III. ,sssn, .ss :. A. d.
ting called tor that purpose as above set forth