The weekly Iberian. (New Iberia, La.) 1894-1946, 1916-09-02

al and live stock products int
commodities and products; to en-
gage in mining operations an t
explore for and to exploit sal
; gas, oil and in general mineral de
posits of any and all kinds, TO owl
and operate pipe lines and tram
ways aRd, in general, to own, d,
and perform any and all things ne
cessary or german to the accom-
plishment Of the objects and pur
poses herein set forth,
| ARTICLE w.
The capital stock of this corpor.
alton isI hereby declared to be the
sum of TEN THOUSAND DOLLARS
/ $50, 000.00) divided i'm one hundred
shares of the par value of one hun
dred dollars each. Said stock is t,
be paid for in cash or in exchange
for such property az may be auth
orized aby law and made i'm con-
formity with legal provisions. The
capital stock may, in the manner
prescribed by law be increased to
the sum of two hundred and fifty
thousand dollars (S25O,OO0.0 0). The
said corporation shall begin busi-
ness as soon as five thousand dol
lars Of the capital stock have been
subscribed for ard the amount re-
CURED by law shall have been paid
In.
ARTICvE v.
All Of the corporate powers of
said corporation shall be vested
in and exercised by and all the
business affairs of this corpora
ton shall be managed, conducted
and operated with full, complete
and plenary authority by a board
OF Directors composed OF three t3)
members to be annually elected on
the second Monday of August of
each year. All such elections shall
be by ballot and u notice of the
meeting OF the stock holders of
this corporation, for this purpose.
shall be given i'm the manner re-
quired by law. The Directors e.
lected shall continue to hold their
office until their successors shall
have been elected and installed.
and any vacancy occurring In the
Board OF Directors, from any cause
whatever, shall be filled by cleo
ton by the remaining Directors for|
the unexpired term. All stock
holders meetings shall be called
and held conformably to the pro-
visions Of law. Two directors shall
constitute a quorum for the trans /
action of business.
!. There shall be President and a |
Secretary-Treasurer elected annu-
ally by the Board of Directors and
until the first annual meeting on
The second Monday Of August 1917 |
of the stockholders, MS herein
provided for, board of directors
20 be selected by the stock -hold- !
srs at meeting to be held at the !
office OF The corporation. in the
.ity OF New Iberia, Parish of Iberia.
state of Louisiana on Monday Ar
rust 2, 1915, at 10 o'clock A. Nj shall
'erve. AT this meeting the Direc-I
ors to serve during this periods
nall be elected and the directors
% elected shall forthwith meet
md elect among their number n
resident and q Secretary-Treas-
lrer. The names and Post Office
addresses OF the Directors 90 elect
q shall be filed with the Seere-
Wy OF state conformably to Sec.
= OF the act under which this cor
'oration Is organized.
A director may be represented at
ny Board meeting by proxy, pro-
ided the two other directors are
ersonally present.
Upon unanimous vote of all of ,
ne Directors the Board OF Direc-
Drs may be increased to five men,
ers, the additional members be-
u elected by the Board OF Direc- !
ors to serve until the next elec-
on BY the stockholders at which
leeting the stock -holders mavl