New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1913-05-17
shall be served.

The opJectS ana purposes
which this corporation il o,o..a
ed, and the nature of tina bo NV
to carried on by It, are hereby aas,s
to be to engage in the business Of ANN
upon or otherwise exploring spch aa
as it may acquire in fun or part o"s
ship, or may lease, or to which / =.
acquire any rights whatever for tba
pose of discovering oil, gas OF miu.I
and the same to explore for comrss
purposes. To undertake all woIs
make all contracts TO that end thai
be necessary; and 10 sell or otbs.a
dispose of such products a. it NAV M
forth, and to do all things that NAV Ms
cessary to facilitate the drilling
plotting, the sale, storing and dsl,'s
thereof; and in fine. to do all tbiu,,
cessary or conducive to the benasa 4,
said corporation.
ARTICLE Ill
The capital stock shall be twenty 4.
thousand dollars divided into five hu.l "
shares of the par value of fifty dahs
each, which stock shall be paid for IN n FL
at the time OF its subscripti,2 OF Il,
suapce at not less than par. Stoct NJ
be issued in exchange for propsrtv
rights actually received or purchased q
the corporation. or other such valu,Ia
considerations or services rendered u!
may be determined by the Board
Directors, provided the value Of thu IT, Ii!
so issued shall be equal to the consid,n z
tion thereof, and provided that no ~
shall issue until the consideration tbm1
shall have been received by said corpm
ton. e
No stakeholder shall sell his stock mi ~
fifteen days prior notice of his inteuts
to sell is given to the Company, and ii
stOekh, lders shallhave the first priyjlse,s
purchasing the same. No transfer skI&
be made without the proper entry thert
on the stock books of said company.
This corporation shall commence dou
business as soon as three thousand daIss
of the capital stock shall have been ii
scribed and paid for. The Dirde
shall have the right to determine r
much additional stock shall be issued.
ARTICLE ".
The Board of Directors shall HavSzzI
er to fill vacancies in their number, ca
ed by death. resignation or o'herw
from among the stockholders of the {
poration. The said Board shall have
control of the property of this eompa
and shall so conduct, manage and use
same as in their discretion they deem n
essary and that is consistent with the
jects aud, welfare of the company.
may adopt such rules and regul ations
the affairs Of the corporation may
quire, employ such laborers, clerks
oti er agents as may appear desirable
fix and determine the salary OF oaic
and other employees,
ARTICLE V.
The corporate powers of this Co. oh
be vested in and exercised by a BOARD
Five Directors, three of whom shall c
stitute a quorum for the transaction
business. There shall he elected FIR
the Board of Directors President, vi
Pres dent, and a Secretary Treasur
The Board. of Directors shall be cleo,
on the first Monday of April of each ye
Until the election to be held 10 |!
the following persons shall constitute
first Board OF Directors: j. s. Subtle,
Paul N. Oyr, Il. C.'Taylor, J. j. SIN
and A. d. Moresi; Of whom J.'h
Suttle shall be President, DIR. Pail
Cyr, Vice President, and J. j. Smith s
Rotary Treasurer.
AT every ELECTION and meeting of
stockholders, each stakeholder shall
entitled to one vote for each share OF ste
owned by him and vote by proxy.
ARTICLE vi.
This Charter may be changed or amel
ed, or the corporation dissolved, at a z,
pral meeting of the stockholders conver
Tor that purpose, with the assent of thr
fpurths OF the entire stock issued, whetI
present or represented at such meetil
Thirty days prior notice Of such M eti
shall be given in newspaper publish
in this city, Notice shall be given in wi
ing. In case of the dissolution OF g
sofporotion the liquidation of it's nffa
shall be conductedl by three Comnisslt
'rs, seleeted'from among the stockhod,
1t n meeting called for that purpose,
s herein provided; said Com mission,
hall remain in Office until final liqu'it
ion snf IN the event OF tbs death or i,
'ility OF any one Commissioner to act
'uccessor shall be chosen by the rsma
ny two commissioners.
ARTICLE VII.
No stakeholder OF this corporation sh
10 liable for the contracts or faults th 81
Il IN any further sum than the unrs
,aiapea nna the EpuipaAy pu the shares
took subscribed for dr owned DIV hi
'or shall any inftrmalty In organizati
ave the effect OF rendering this Chart
lnil or OF exposing q stakeholder to a
liability bsyond the .nnpaid balance III
nsy ibs due Oh his'stotE. 8 t'e !
, Thus done and passed at my office
ne City Of New Iberia, Parish Of her
HATE Of kopisians, on the day, month a
ear hrst above written, In the presen
1 L.. j. Danterive and A. A. Dauteri,
ompetent witnesses, who have herenn
ubscribed their names with appesre,
no me, Notary, after due reading Of t
1h0ie.
lQriginal Signed
ns .SpTTLE. 49,. =. -. 20 Shar
u2; =. SMITH ..... 20 Jhar
.u I y, TAfLOR.,....2 90 Shar
AL AZ. olR -. go. :. 20 Shar
:. ID, y. MoREsl, by P. N. Cyr shar
Witnesses:
}. J. DAUTERIvE,
). A. DAyTERJvE.
SFFTREes J. SMIyH,
s... Notary Publ
otate OF Louisiana. Parish of Iberia.
], ]. @. Leblanc, Clerk of the 10
aaiciai District Court and T.,
m"lo Recorder and Conssrvator