The weekly Iberian. (New Iberia, La.) 1894-1946, 1913-03-15

articles and products; to hold, own
and acquire. by lease or purchase,
real estate, farms and other prop
crty, and to cultivate or operate.
lease. rent or sell the same, or any
plant. property or product that it
may own; to acquire swamp or
other wood lands, and to make the
timber and logs thereon into lum-
Der and like products, and to buy
and sell timber, logs and lumber;
to acquire, hold, own and sell, and
also to vote on stock in other cor
porations: TO raise, own, purchase
and sell and Craze live stock; to
do general agency and commits
sion business: to buy, sell and
hanilr coal, paints and oils, sad
III, V and harness, and other mer-
cbandisc, and to carry on mer-
camille business; to acquire, erect,
own, purchase, operate and con
duct foundries and machine shops,
and to carry on. conduct and do
general foundry and machine shop
business; to buy and sell all kinds
Of machinery and implements, fur
nishings and fittings; to sell and
dispose of the output and pro-
duets of the plantations, factories
and other holdings of this cOrpOr-
alton; and generally to do all and
whatsoever may he necessary to
carry out the above objects and
purposes.
ARTICLE w.
This corporation may sue and be
sued i'm its corporate name, hold,
have, receive, purchase, convey,
sell, mortgage, hypOthecate, pledge,
lease and suitcase, and enjoy real
and personal property; borrow
money and give mortgages and
pledges on property to secure the
said borrowed money; make and
use a corporate seal, the same to
and appoint directors, officers,
managers, clerks and employees,
as the interest and convenience Of
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, and
the same to alter and change at
pleasure; and possess all rights,
powers and privileges, to which
corporations are or may be by any
general or special laws of this
State, authorized and entitled to
possess.
ARTICLE v.
The capital stock Of this copper
alton Is hereby fixed at Thirty
Thousand Dollars (S30,OOO.OO), rep
resented by Three Hundred (3Oo
shares of One Hundred Dollars
(Sl00.OO) each. All Of the stock III
this corporation subscribed for
shall be payable in cash or in prop
erty, real or personal, on such
Of Directors thereof may deter
mine. All transfers of stock shall
be made on the books of the Com
pany and shall be signed by tbs
stakeholder or his attorney in fact
Any stakeholder 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 ii the Dircc-
tors have not sold same to stock
holders of this corporation or to
other parties, within that period
then the shares may be offered and
sold by their owner on the open
market.
This corporation shall begin bu-
siness as soon as one hundred (100)
shares of stock shall have been
subscribed for.
The following named persons are
declared to be the incorpOrators
of this Company, with the number
of shares subscribed for opposite
their names, to wit:
i A.SA. Bernard, Fifty (5O) shares
A. c. Bernard, Fifty (5O) shares; w.
J. Bernard, Fifty (5O) shares; f. l..
Bernard, Fifty (5O) shares; Mrs.
Lily M. kimball, Forty Five tl5)
shares; X. A. Bernard, Fifty (5O)
shares; H. A. kimball, Five (5)
shares.
ARTICLE vi.
All the corporate powers Of this
corporation shall be vested in and
exercised by, Board of six direc-
J tors, each of whom must own at
least one share OF the capital stock
, thereof, they to be elected annu-
ally, at a general meeting of stock
holders to be held on the first
Tuesday Of February Of each year
each stakeholder to be notified in
writing ten days prior thereto,
Said election shall be by ballot, at
the office of the said corporation,
under the supervision OF one COM
missioner to be appointed by the
President. Each share of stock
shall entitle its owner to one vote,
either in person or by proxy, and
the majority of votes cast shall e.
lect. The failure to elect direc-
tors on the date specified above
shall not dissolve the corpora-
ton, but the directors then in Of
flee shall hold office until their
succe ssOrs arc elected, and they
shall. as soon as possible, cause an
election to be held, as above pro-
vided. Three directors shall con-
stitute quorum for the transac-
ton Of business, and the Board OF
Directors shall, at their first meet.
ing following the annual election,
elect one OF their number to be
President, another to be vice-pres-
ident, and another to be second
Vice-president. They shall also
elect q Secretary and Treasurer,
and General Manager, but these
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