New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-12-16

The purpose for which this corpor;
+, ton IL organized and the nature Of Il
business to be carried on by it are d,
clared to be: To undertake exploratio
=. for the purpose of discovering oil, q:
} or other minerals; to operate oil, "a
or other mineral wells or mines; to er
gage in the buying and selling of o,
gas or other minerals: to acquire, con
st1uct and operate pipe lines, tramway
storage plants, barge lines, loading sta
tons and all things connected with c
appertaining to the production, storag,
sale, disposal and transportation of o,
gas or other minerals, with authority t
acquire by purchase, lease OF otherwis
such franchises As may be necessary TO
or connected with the conduct of tn
business hezeinabove outlined, and gen
orally to do all things necessary or Incl
dent to or connected with said business
in any Of its departments.
ARTICLE I'LL
The capital stock of this corporatio,
- fixed 1T Twenty thousand Dollars, di.
vided into and represented by two hun.
dzsd shares Of the par value of On,
Hundred Dollars each. This corporation
shall be authorized to commence bust
ness - soon ~ Ten thousand Dollars Of
its capital stock shall have been SUD-
sesibed and paid for. The remaining
portion Of the authorized capital may BE
issued from time to time and in such
manner - the Board Of Directors may
deem 70 b to The best interest Of said
eorposation.
Eighty shares Of stock are hereby su-
thozised to b issued to Geo. J. Sabatier.
Solange E. Soz1eu and Walter J. Burke,
- payment for the use Of drilling rig,
material, pipe, tools and for the pur-
chase Of mineral rights and leases which
ere set forth in detail in . statement
ANNEXED to this Charter, paraphed Ne
Vazistu1 BY the undersigned Notary fox
Identification herewith, and to be read
in connection with the said Charter. the
total sppatsement Of said property
rights 80 acquired by this corporation in
exchange for the issuance of stock a.
hereinabove set forth being appraised by
the Board Of Directors in the manner set
forth in the certificate snnexed to this
Charter and making part hereof.
ARTICLE Nv.
The corporate powers of this corpora
hon shall be vested in and exercised by
J Board of Directors composed of seven
Of said corporation to be
'eld on the first Tuesday of July of each |
rear. The first annual meeting of said
to be held on the first Tues
lay of July 1918. Until the first annual
Meeting Of said stockholders, the Direc-
ors Of this corporation are hereby de-
Jared to be Geo. J. Sabatier, Henry N.
'harr, Robert Martin, Solange E. Sor-
ell, Alphonse Davis, J. Robert Perry
nd Walter J. Burke.
The officers Of this corporation shall
e = President Vice President, Secre-
Try and Treasurer, who shall be elected
rom among the Directors on the same
~ - the election held by t. Directors,
nd Immediately following the annual
lection of stockholders. Until the elec-
on to be held on the first Tuesday ef
NY 1918. the following shall be the
Ulcers Of this corporation: Walter :.
urke, President; Henry N. Pharr, vice
resident and J. Robert Perry, secretary !
easurex.
ANY vacancy on the Board of Direc- !
- shall be filled by the remaining .
embers Of the Board for the unexpired ,
rm. Any vacancy in any office shall Z
} filled by the Directors for the unex-
red term.
ARTICLE v. it
The capital stock Of this corporation y
~ be increased in accordance with .
y to the sum Of One Hundred Thou /.
nd Dollars. 4,
ARTICLE vi. q
No stakeholder of this corporation =
all ever be held liable OF responsible =
: the contracts or faults of this corpo-
lion in any further sum than the un-
id balance due the corporation upon :,
; stock subscribed for herein; nor :,
Ill any mere informality in the or :.
nization have the effect of rendering :.
5 Charter null and void, or of expos =
! stakeholder to any liability other =,
IN herein provided. !.
Thus done and signed in the City of "
W Iberia, Parish of Iberia, State Of :,
uisiana, in the presence of Messrs -
rteus r. Burke and Arthur Schexnay- =,
, good and competent witnesses, who ~
e hereunto signed as such, together .,
b said appearer and me, the under n
ned Notary. =,
riginal signed.) ~
J. J. Sabatier, P. O., New Iberia, La. -.
,. A. Landry, P. O., New iberia, La. an
r. Perry, P. O., New Iberia, La. an
ulius Scharh, P. O., New iberia, La. ",
llphonse Davis, P. O., New iberia, La. be
mile Simon, p. o., New Iberia, La. A.,
BY Alphonse Davis. -,
A. Pharr, P. O., Berwick, La, By ~,
H. N. PharT. e.,
!. N. Pharr, P. o., Olivier, La. =.
!. A. PAarr by H. N. Pharr, p O., "a;
Berwick, La. +;o
os. J. Smith, P. O.. Olivier, La. a.,
fired Renoudet, p. o., New Iberia, Ia. a.;
olange E. Sorrell, P. o. Olivier, La. 10
A. McIlhenny, P. O., Avery Island, tv-
by 6. J. Sabatier. n.
c. Henshaw, P. o., Avery Island, Of
La, by 6. ]. Sabatier. en-,
ebert Martin. P. O., St. Martin, La NJ
nv r. Cehe+;>~