New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1913-08-09


and pledge real estate and personal pro
psrty; to appoint such directors, officers
and agents as the interests OF the company
may require. aud generally to do oil
things needful and necessary for the pur
poses herein stated.
ARTICLE II.
The domicile of this corporation shs III
he in the city OF New iberia, Parish of
iberia. Louisiana, and all citations or
other legal process .ball be served upon
the President, and in his absence upon
the Vice President. or in the absence Of
both upon ths Secretary Treasurer.
ARTICLE III.
| The object and purposes for which this
corporation is organ zed and the nature of
the b'sHe's to he carried on are her. by
declar' to be u g purchase. sale. leasing
OF ell classes Of movable and immo, able.
i real, personal aud mixed property, the
losnlng OF money on all classes Of 81. uri-
ties the purchase aud sale OF all classes
Of stocks. bonds. sststrs. notes, accounts,
dues. debts, demands. iudgmsn Q and
mortgages, md OF any and all rights in
| the same; the eIt elton, maintenance rnl
conduct OF hotels and mercantile aud
manufacturing buildings. grounds and
businesses of every description, the carry,
ing on of - general mercantile collection.
! reporting. insurance agency md abstract
! lug OF titles business, the drilling upon or
othfF work exploring such lands as it
may acquire in tuIl 81 part owne, ship O,
/ 10 which II may acquire any right what
ever for the purpose of discovering oils
gag, salt or her mineral. aud the same
to explore and develope for commercial
| purposes To undertake. all works md
to make all contracts 10 that end desirs-
| bile Gud such product ia it may bring fort h
to sell or Otherwise dispose Of: thi, organ
! lzation TO make all such polks or inter
priees 40 may fnclita'e such drilling and
| exploration, the storing of products. the
sale aud delivery thereof mud in fine 10
do I'll things necessary or conducive 10
I he benefit of snid enterprises a. are Lsr.
inbefore set f0r h
ARTICLE "
The capital stock of this corporation Ia
hEei ut me hundred thnu ~ d hnIlnrs.
tslOo ,000), divided Into n resI,esested
by one thousand shsres ~ the pnr value
OF one hundred dollarp, (fl0n) each No
l'ihca'e OF stock slal he issned until
tle same shall have been paid for, in
cash property or such Other uuivalent as
The board of direetors may d.t.rmine or
The b0ws OF the State of Louisiana may
permit.
This 'rporation shall have the right 10
begin business as soon ms three tbou.and
dollars, (a3 O00), of the capital stock
shall hav" been subscribed aud paid for
No .tockhol or shall fer for sale any
stock in this company without f,sr N y
ing 10 one Of the members hereof md ten
days notice given of such intended sale
to the board of directors hereof l. b, ing
under ood that the sbar.hold,Is IN this
company shall first he given the privilege
of pm chHsng any stock that may be Offer
ed for sale.
ARTICLE V
The corporate powers of tbia corpo,a
ton shil be vested IN board Of three
directors elected by u mpjority Of III.
stockholders there OF nj the annual slec
ton TO he held thor. for, on the first Mon
day of August Of euch year. The said
boa d shall hold Office for one year or uu.
Ill their SUCCESSORS shall have been elect
on the dav herein fixed, this corporation
>h"il not be dissolved but the Incumbapi
hiif ctors shall continue IN office until
Their successors shall have been elected |
and gnalrfi u. If any vacancy should occur |
on the board of directors the same shall |
be filled by the remaining directors by mp |
poiniment from among the sto .khodsrs |
ARTICLE VI
The board Of directors shall have pow.
er TO make, sdopt or repeal such Jules
and regulators for The conduct, manage
msnf and business Of the corporation as |
they may dem proper; TO s,point from
time to time such officers, agents, clerks
or other employees AZ they may deem
necessary and to discharge ut pleasure
All salaries and compensatioDs for agents
clerks and employees shall be Hx.d by
the board Of directors aud sam. shall bs |
changed at their pleasu
AkTlCEE VII.
The officers of this corporation shaIl |
consist OF President, Wee President
aud Secretary Treasurer elected by the
board OF directors ut their first meeting |
to he held on the first Monday of August,
each year At every annual slectios notice
thereof shall he given to the stockholders
ny publication ten days previous
to the said meeting and at the an
nual m. citing Of the said stock holders
they may vote nv proxy,
ARTICLE VIII.
At its dissolution, whether by liquida
ton or expiration OF the charter, OF othe,-
wise, the sffans Of this CO poration shall
he lguidated by one OF more commits
ioneis, elected by the majority Of the
stockholders at meeting held for bA
purpose. ten days previous notice in
writing being given TO each stoskholdsr
Said commissioners to remain in ofiie
until the affairs of said corporation .bA
have been finally liquidsted, and sbo,l
II vacancy occur In their number such
vacancy shall he filed by the remaining
commissioners FROM one Of the stock
b lders.
ARTICLE TX
No stockbod.r Of this coup ration 81 81
yer be held liable or responsible for
the contracts or faults thereof in any
further sum than the unpaid balance due
the company on the shares Of stock sub
scribed by him; nor shall any iuformality
in organization have the effect of tender-
ing this charter null or Of exposing u
stakeholder to any liability beyond the
unpaid balance, if any, OF his stock.
ARTICLE X.
Until the election 10 be held In Aug
ust, lgl4, the first board of directors
shall consist Of Fred W. Banman,
Chester d. Harvey and Robert x. Lee
Hilton yandoz of whom Fred w. BsumsD
shall be President, Chester ID. Harvey,
Vice Presid. Mt, and Roberto Lee Milton
Sandoz, Secretary Treasurer.
Thus done, executed snd signed in the
City OF New iberia. Parish OF Iberia,
Louisiana, on the day, month and year
first above written in the ptfseace Of TIA
vert $. Ssaly aud Jules y Duppy, coupe
tent wituesses who have hereunto sub
scribed their papes, together with The
said appearers. aud me. Notary. after due
reading,
r. v KAUFMAN, .......l5 Shares
CHESTER ID. HARVEY, ID Shares
per Edwin Clinton Harvey
ROBERT Il. LEE HILTON NAN
boz :. .15 Sbares
per Edwin Clinton Harvey
WITNESSES:
II S.SEALY,
J.E DUPgy,
(Sisaed1 GORDON sAFDch.