The weekly Iberian. (New Iberia, La.) 1894-1946, 1913-03-01

articles and products: to hold. owl
and acquire, hy lease or purchase
real estate, farms and other prop
erty, and to cultivate or operate
lease, rent or sell the same, or an,
plant, property or product that !
NAV own: to acquire swamp o
other wood lands. and to max" tn
timber and logs thereon into hum
Der and like products, and to hn,
and sell timber, logs and lumber
to acquire, hold, own and sell. an'
also to vote on stock in other cor
pOratiOns; to raise, own, p'ircn0s So
and sell aud Craze live stock; t
do general agency and commits
sion business: TO buy. sell an'
handle coal, paints and oils, sad
dlery and harness, and other mer
chandise, and TO carry on a mer
camille business; to acquire, erect
own, purchase, operate and con
duct fOundries and machine shops
and to carry on, conduct and 90
general foundry and machine shol
business; to buy and sell all kinds
of machinery and implements, fur
nishings and fittings; to sell an'
dispose OF the output and pro
ducts Of the plantations, factOrict
and other holdings of this corpor.
alton; and generally to do all ant
whatsoever may he necessary t
carry out the above objects anC
purposes. HI
ARTICLE ".
This CORPORATION may sue and to
sued inoits corporate name, hOid
have, receive, purchase, convey
sell, mortgage, hypothecatc, pledge
lease and sub-lease, and en- joy rea
and personal property; bOrroN
money and give mortgages an'
pledges on property to secure th'
said borrowed money; make an'
use corporate seal, the same L
alter and break at pleasure; nam
and appoint directors, Officers
managers, clerks and employees
as the interest and cOnveniennN .
said corporation may require
make and establish such bylaws
rules and regulations for the pro
per management, control and reg
ulation of the affairs OF said cor
pOratiOn, as may be necessary, an
the same to alter and change a
pleasure; and possess all rights
powers and privileges, to whicI
corporations are or may be by an,
general or special laws OF thi
State, authorized and entitled I
possess. Goo
ARTICLE v.
The capital stock of this cOrpor
alton Is hereby fixed at Thirt
Thousand Dollars $3.50, 1000. 900, rep
resented 10y Three Hundred (3o'
shares of One Hundred Dollar
tSlOO.OO) each. All of the stock i
this corporation subscribed fOl
shalt be payable i'm cash or in prop
erty, real or personal, on sue
terms and conditions as the Boar
OF Directors thereof may deter
mine. All transfers of stock sha
be made on the books Of the Com
pany and shall be signed by tn
stock holder or his attorney i'm fac
Any stOckhOlder desiring to dis
pose of his shares in this corpora
ton, shall give thirty days writ
ten notice TO the Board of Direc
tors Of the fact, and il the Direc
tors have not sold same to stock
holders Of this corporation or 4
other parties, within that period
then the shares may be offered am
sold by their owner on the opel
market.
This corporation shall begin bu
siness as soon as one hundred uOC
shares OF stock shall have bee
subscribed for.
The following named persons ar
declared to be the incorporation
OF this Company, with the numhe
of shares subscribed for OPPOSITE
their names, to witt
| A. A. Bernard, Fifty (50) shares
A. e. Bernard Fifty so, shares: W
J. Bernard, Fifty 900 shares: 4. L
Bernard, Fifty $50, shares; Mrs
Lily M. kimball, Forty Five as
shares; K. A. Bernard, Fifty CSC
shares; II. A. kimbaA. Five g
shares.
ARTICLE vi.
All the corporate powers of thi
corporation shall be vested in an,
exercised by, a Board of six direc
tors, each of whom must own a
least one share OF the capital stool
thereof, they to be elected annu
ally, at a general meeting of stock
holders to be held on the frs
Tuesday of February of each year
each stakeholder to be notified il
writing ten days prior thereto
Said election shall be by ballot, a
the office OF the said corporation
under the supervision OF one com
missioner to be appointed by tn
President. Each share of stool
shall entitle its owner to one vote
either in person or by proxy. an,
the majority of votes cast shall @
lect. The failure to elect direc
tors on the date specified abov
shall not dissolve the corpora
ton, but the directors then in OF
flee shall hold office until thei
succe ssOrs are elected, and the,
shall, as soon as possible, cause Al
election to be held, as above pro
vided. Three directors shall con
stitute quorum for the transac
ton of business, and the Board o
Directors shall, at their first meet
ing following the annual election
elect one Of their number to b
President, another to be Vice-pres
ldent, and another to be secon,
Vice-president. They shall ais
elect q Secretary and Treasurer
and q General Manager, but thes
last named officers need not b
chosen from the stockholders or di
rectOrs, and the same person ma,