New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-10-28
bond, hypothecate and mortgage property


mixed. corporal or incorporeal, to have
and appoint such managers. directors
officers and agents as the business may
require, and to make and establish as
well as to alter and amend from time 20
time such bylaws, rules and regulation
for the proper management and govern
| ment of the affairs OF said corpora lion a.
may be nee ssary and proper, and gen
orally to possess all the powers herein
| after mentioned and that are now or may
be hereafter conferred by law or neces
sary to promote its objects and interests
ARTICLE IL
The domicile of this corporation shall
be at the City of New Iberia. Parish Of
Iberia. State of Louisiana. where service
of citation other legal process shall be
made up the President of said corpora
ton or in his absence upon the Secre
tary Treasurer of said corporation and
IN any other manner provided for by
law.
ARTICLE III.
The object and purposes for which this
corporation is organized and founded
and the nature of the business to be car
ried on by it, are declared to be. To
gage, by contract or otherwise, in works
of land dredging, drainage and lana
reclamation; to own and operate dredges
and to traffic in the same; to buy and
sell municipal, drainage and land devel
opement and reclamation bonds and 70
traffic in the same; to buy and sell lands
to reclaim and develop lands; to own
and operate machine shop or shops
and foundry; to manufacture dredges OF
other drainage appliances; and in gen
eral to do and perform any and all
things necessary or germane to the ac
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 ($5O,OoOOW, divided
in Five Thousand shares of the par value
of One Hundred Dollars each; said stool,
is to be paid for in cash or in exchange
for such property as may be authorized
by law and made in conformity with
legal provisions. The capital stock NAV
in the manner prescribed by law be in
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
capital stock have been subscribed for
and the amount required by law shall
have been paid in.
And now this corporation intending to
acquire the dredging business and the
dredpes of Anglers & Mestayer, part
nership composed of Lewis Anglers ano
Percy Mestayer, domiciled in the City Of
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
tached and annexed hereto, and to be
read in connection with this Charter an
accurate detailed and itemized descrip-
ton of said property, together with a
statement of its value as appraised by
the Directors, and in conformity with
Section Three of Act 267 of the General
Assembly of the State of Louisiana of
the year 1914.
ARTICLE v.
All VI INC COIpOIdtc puWeIS VI SdII
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
rectors 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
notice of the meeting of the stockholders
of this corporation, for this purpose,
shall be given in the manner required
by law. The Directors elected shall con
tlnue to hold their office until their suc
ocssors shall have been elected and in
sailed, and any vacancy occurring in
the Board of Directors, from any cause
whatever, shall be filled by election of
The rem aiming Directors for the unex
pired term All stockholders meetings
shall be called and held conformably 20
the provisions of 'aw Two Directors
shall constitute quorum for the trans
action OF business.
There shall be President, Vice
President and Secretary Treasurer
elected annually by the Board of Di-
rectors, and until the first annual meet
ing on the second Monday of September
1917 of tho stockholders as 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 as Vice President; and
Percy Mestayer, whose Post-office ad-
dress 10 New Iberia, La, who shall &C.
as 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 |
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
the number of Directors at five, |
or reduce the number to three a. herein |