New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-11-04

Iot any and all Kinds. real personal O
mixed, corpcreal or incorporeal. to hay
and appoint such managers. directors
officers and agents as the business ma
require. and to make and establish =
well as 10 alte, and amend from time I,
time such hv-laws rules and regulation
FOR the proper management and govern
| ment Of the affairs of said corporatio a
may he nee ssary and proper and gen
| orally tc possess all The powers herein
after mentioned and that are now or may
he hereafte conferred hy law or nee es
sary to promote its objects and interests
ARTICLE II
| The domicile of this corporation sha
he at the City Of New Iberia. Parish Of
Iberia. State Of Louisiana, where service
| Of citation or other legal process shall bs
made up the President Of said corpora
ton or in his absence upon the Secre
| tarv- Treasurer of said corporation ana
| IN any other manner provided for by
| law
ARTICLE III
The object and purposes for which this
| corporation is organized and founded
ried on by it, are declared to he. To en-
gage by contract or otherwise in works
Of land dredging. drainage and land
recla maton to own and operate dtedges
and TO traffic in the same; to buy and
sell municipal. drainage and land devel-
opement and reclamation bonds and ,o
traffic in the same, to buy and sell lands
4
and operate machine shop or shops
and foundry, to manufacture dtedges OF
other drainage appliances. and in gen
eral TO do and perform any and all
things necessary or gefmane TO the &C
complishment of the objects and pur
poses herein set forth.
ARTICLE w.
The capital stock of this corporation
is hereby declared to be the sum Of Fifty
Thousand Dollars ($50.OooO0 divided
in Five Thousand shares Of the par value
of One Hundred Dollars each. said stock
is to be paid for in cash or in exchange
for such property may be authorized
by law and made in conformity with
legal provisions. The capital stock may
creased to the sum of One Hundred and
Fifty Thousand Dollars The said corp
Grafton shall begin business as soon as
Twenty Five Thousand Dollars of the
ca pita stock have been subscribed for
and the amount required by law shall
have been paid in.
And now this corporation intending to
| Jr,, h.
dredees of Anglers & Mestayer, par,
nership composed of Lewis Anglers am
Percy Mestayer, dcmiciled in the City OF
J New Iberia, Parish of Iberia, State Of
Louisiana, and also certain dredge boat
| belonging individually to the said Percy
Mestayer. and to issue stock for said bus
! mess and said dredge boats, there is at
read in connection with this Charter, an
accurate detailed and itemzed descrip-
ton of said property, together with q
statement of its value as appraised by
the Directors, and in conformity with
Section Three of Act 267 of the Genera
Assembly Of the State of Louisiana ol
the year 1914.
| ARTICLE v.
All of the corporate powers Of said
corporation shall be vested in and exer-
cised by and all the business affairs Of
this corporation shall be managed. con
Quoted and operated with full, complete
and plenary authority by Board of Di-
fectors composed of three 90 members
to be annually elected on the second
Monday of September of each year. All
such elections shall be by ballot and a
notice of the meeting of the stockholders
of this corporation, for this purpose
shall be given in the manner require
| by law. The Directors elected shall con
| tinue to hold their office until their sue
cessors shall have been elected and in
stalled, and any vacancy occurring in
The Board of Directors. from any cause
whatever, shall be filled by election OF
The remaining Directors for the unex
pired term. All stockholders meetings
shall be called and held conformably 20
the provisions of 'sw. Two Directors
shall constitute a quorum for the trans
action OF business.
There shall be a President, Vice.
IISUyueut hHu oNtASt"iy
elected annually by the Board of Di-
rectors, and until the first annual meet
ing on the second Monday of September
1917 Of the stockholders ~ herein pro-
vided for, the following stockholders
shall constitute the Board Of Directors, to-
wit: Lewis Anglers. whose Post Office
address Is New Iberia, La, who shall act
|as President; Norbert Mestayer, whose
Post office address Is New iberia. La,
who shall act ~ Vice President; and
Percy Mestayer, whose Post office ad-
dress 10 New Iberia, La, who shall act
~ Secretary Treasurer.
A Director may be represented At any
Board meeting by proxy, provided the
other two Directors are personally
present.
Upon unanimous vote Of all Of the Di-
rectors the Board Of Directors may be
increased TO five members, the addi-
tional members being elected by the
Board Of Directors to serve until the
next election by the stockholders; At
which meeting the stockholders may
maintain the number Of Directors NJ five,
~ vsjura the mum her tc thYea ~ herein