New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-04-15
term and period Of nlnety-nine

IL SIldII nave pONtI " con
tract, sue and be sued, to max
and Use corporate seal, and tn
same to alter and break at pleas
ure, to have, hold and receive
purchase, sell, convey, lease
pledge. bond, hypothecatc ant
mortgage properly OF any and al
kinds, real, personal or mixed
corporeal Of lncorporeal; to hay
and appoint such managers, di
rectOrs and officers and agents as
the business may require, and to
make and esta blish, as we'll as to
alter and amend from time to time
such bylaws, rules and regula-
tons for the proper management
and government Of the affairs of
said corporation as may be nee
essary and proper, and generally
to possess all the powers herein
after mentioned, and that are now
Or may hereafter be conferred by
law, or necessary to promote its
objects and interests.
Article II.
The domicile Of this corpora
ton shall be at Olivier, Parish of
IBERIA, State Of Louisiana, where
service Of citation or other legal
process shall be made upon the
President Of said corporation, or
in his absence upon the Secretary
Treasurer of said corporation, and
in the absence of either, upon any
other officer as may be designat-
ed by law.
Article III.
The objects and purposes for
which this corporation is organ
lied and founded and the nature
Of the business to be carried on
are hereby declared to be: TO
acquire by purchase or by other
lawful means and TO own lands,
buildings, improvements Of al!
kinds necessary to the aims and
purposes of this corporation.
hich are declared to be farming
operations of ali kinds, the man
ufacture and sale Of sugar and
other products Of cane; the ope-
rating Of a canning factory for
the canning Of syrup, vegetables,
fruits, or other foods; the max
ing of advances and the lending
Of money based upon crop securi- |
ties or such other securities as
may be DENIED desira BILE; to own
and operate any factory, gin or
plant Of any nature, for the pur- !
pose Of converting the products
If the farm into manufactured or
nerchantable articles of any ma
,ure whatever. To own and ope-
ate tramways.
Article Nv.
The capital stock of this corpo-
alton is hereby declared to be
he sum of One Hundred Thou
'and Dollars, divided in one thou
;and shares of the par value Of
)ne Hundred Dollars per share.
Said stock is to be paid for in
ASH, or in exchange for such
as may be authorized by
aw and made in conformity with
egal provisions. The capital
took may in the manner conform.
IDLE to law be increased to Two
hundred and Fifty Thousand
Dollars. The said corporation
hall begin business as soon as $
fifty Thousand Dollars Of the ;
apital stock shall have been sub
crrbed and the amount required i
y law shall have been paid for
4 money or in property. {
And it being contemplated that /
he bulk Of the stock in said cor {
Grafton shall be subsc ribed for G
nd paid for by the transfer to r
aid corporation of various real /
nd personal properties, the same !
ggreeating valuation as is set G
Drth in the detailed statements of t
aid properties which are hereto
paraphed Ne Varietur S
or Identification with this act of |
Incorporation. The said detailed 7
nd itemized statement annexed S
ereto is to be read in connection t
18th the provisions of this Char G
n in accordance with Section 3
Act 267 of the General AS T
emily of 1914.
Article V. IL
All Of the corporate powers of v
lid corporation shall be vested t
| and exercised by, and all the
nsiness affairs of this corpora
on. shall be managed and con-