The weekly Iberian. (New Iberia, La.) 1894-1946, 1916-07-29

al and live stock products int,
commodities and products; to en-.
gage in mining operations an l Il
explore for and to exploit salt
gas, oil and in general mineral de.
pOsits of any and all kinds, 20 OWr
and operate pipe lines and tram.
ways apd, in general, to- own, dc
and perform any and all things ne
cessary or german to the accom-
plishment Of the objects and pur.
poses herein set forth.
ARTICLE
The capital stock of this corpor-
| alton is hereby declared to be the
sum of TEN THOUSAND DOLLARS
| ($10,000.0O) divided in one hundred
shares of the par value of one hun
dred dollars each. Said stock is to
be paid for in cash or in exchange
for such property as may be auth
oriZed by law and made in 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 ($250,0OO. O0). The
said corporation shall begin BUSH
ness as soon as five thousand dol
lars of the capital stock have been
subscribed for and the amount re-
CURED by law shall have been paid
in.
ARTICLE 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 (3)
members to be annually elected on
the second Monday of August of
each year. All such elections shall
be by ballot and a notice of the
meeting of the stock holders of
this corporation, for this purpose,
shall be given in 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 elec-I
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-l
action of business.
There shall be a President and a !
Secretary-Treasurer elected annu- j
ally by the Board of Directors and |
until the first annual meeting onl
the second Monday of August 1917 !!
d the stockholders, as herein
provided for, board of directors
% 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 Au-
gust 2, 1916, at 10 o'clock A. M. shall
erve. At this meeting the Direc-
ors to serve during this period
hall be elected and the directors
70 elected shall forthwith meet
md elect among their number a
resident and Secretary-Treas-
lrer. The names and Post Office
addresses OF the Directors SO elect
"a shall be filed with the Secre-
airy OF State conformably to Sec.
0 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. I,
Upon unanimous vote of all of /
he Directors the Board OF Direc- ]
ors may be increased to five men,
ers, the additional members be- I
lg elected by the Board OF Direc- I
prs to serve until the next cleo
on BY the stockholders; at which
leeting the stock holders mavl