New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-11-25

The purpose for which this corpora
ton is organized and the nature of tn
business to be carried on by it are de
clared to be: To undertake exploration
for the purpose of discovering oil, ga
or other minerals to operate oil, ga
or other mineral wells or mines; to en-
gage in the buying and selling of oil
gas or other minerals; to acquire, con
struct and operate pipe lines, tramways
storage plants, barge lines, loading sta
tons and all things connected with o
appertaining to the production, storage
sale, disposal and transportation of oil
gas or other minerals, with authority t,
acquire by purchase, lease or otherwis-
, such franchises as may be necessary fo
or connected with the conduct Of tn
business hereinabove outlined, and gen
orally to do all things necessary or Incl
dent to or connected with said bushes.
in any of its departments.
ARTICLE III.
The capital stock of this corporation
is fixed at Twenty Thousand Dollars, di-
vided into and represented by two hun
dred shares of the par value of One
Hundred Dollars each. This corporation
shall be authorized to commence bust
ness as soon as Ten Thousand Dollars Of
its capital stock shall have been sup
scribed and paid for. The remaining
portion of the authorized capital may be
issued from time to time and in such
manner as the Board of Directors may
deem to be to the best interest of said
corporation.
Eighty shares of stock are hereby au-
thorized to be issued to Geo. J. Sabatier,
Solange E. Sorrell and Walter j. Burke,
as payment for the use of drilling rig,
material, pipe, tools and for the pur-
chase of mineral rights and leases which
annexed to this Charter, paraphed Ne
Varietur by the undersigned Notary for
Identification herewith, and to be read
in connection with the said Charter, the
total appraisement of said property
rights so acquired by this corporation in
exchange for the issuance of stock IS
hereinabove set forth being appraised by
the Board of Directors in the manner set
forth in the certificate annexed to this
Charter and making part hereof.
. ARTICLE w.
The corporate powers of this corpora
ton shall be vested in and exercised by
a Board of Directors composed of seven
of said corporation to be
held on the first Tuesday of July of each
year. The first annual meeting of said
stockholders to be held on the first Tues
day of July 1918. Until the first annual
meeting of said stockholders, the Direc-
tors of this corporation are hereby de-
clared to be Geo. J. Sabatier, Henry N.
Pharr, Robert Martin, Solange E. Sor-
rell Alphonse Davis, J. Robert Perry
and Walter ]. Burke.
The officers of this corporation shall
be President, Vice President, Secre-
AIRY and Treasurer, who shall be elected
from among the Directors on the same
lay as the election held by the Directors,
and Immediately following the annual
election of stockholders. Until the cleo
lion to be held on the first Tuesday If
July 1913, the following shall be the
'fficers of this corporation: Walter 7.
Burke, President; Henry N. Pharr, vice
PRESIDENT and J. Robert Perry, secretary
treasurer.
ANY vacancy on the Board of Direc-
ors shall be filled by the remaining
members of the Board for the unexpired /
erm. Any vacancy in any office shall
'e filled by the Directors for the unex-
oired term.
ARTICLE v.
The capital stock of this corporation |
nay be increased in accordance with |
aw to the sum of One Hundred Thou
and Dollars.
ARTICLE vi.
No stakeholder of this corporation
or the contracts or faults of this corpo- !
alton in any further sum than the I'M
,aid balance due the corporation upon
he stock subscribed for herein; nor
hall any mere informally in the or
,anization have the effect of rendering |
his Charter null and void, or of expos
ng stakeholder to any liability other
nan herein pIOVIOeO
Thus done and signed in the City of
lew iberia, Parish Of Iberia, State Of
louisiana, in the presence of Messrs.
'orteus R. Burke and Arthur Schexnay-
er, good and competent witnesses, who
ave hereunto signed as such, together
nth said appearer and me, the under
igned Notary.
Original signed.)
G. J. Sabatier, P. O., New Iberia, La.
P. A. Landry, P. O., New Iberia, La.
J. R. Perry. P. O., New Iberia, La.
julius Scharf, P. o.. New iberia, La.
Alphonse Davis, P. O., New Iberia, La.
Emile Simon, P. O., New Iberia, La.
by Alphonse Davis.
J. A. Pharr, P. O., Berwick. La, By
H. N. Pharr.
H. N. Pharr, P. O., Olivier, La.
2. A. Pharr by H. N. Pharr, P. O..
Berwick, La. !
Jos. J. Smith, P. O., Olivier. La.
Alfred Renoudet, P. O., New iberia, L..
Solange E. Sorrell, P. o. Olivier, La.
E. A. Mc1lhenny, P. O., Avery Island,
bv 6. J. Sabatier.
c. c. Henshaw, p O., Avery Island,
La, by 6. ]. Sabatier.