The weekly Iberian. (New Iberia, La.) 1894-1946, 1916-08-12

al and live stock products int
commodities and products; to en-
gage in mining operations AMI 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 apd, 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
The capital stock of this corpor-
alton is hereby declared to be the
sum of TEN THOUSAND DOLLARS
$50, 000.00) 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,O00. 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-
quired by law shall have been paid.
in.
ARTICLE
All Of the corporate powers of
said corporation shall be vesteda
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 q 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 notice OF the
meeting Of the stockholders of
this corporation, for this purpose,
shall be given in the manner re-
CURED by law. The Directors e.
iected 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
shall be filled by cleo
lion by the remaining Directors for
The unexpired term. All stock
holders meetings shall be cnlied |
and held conformably to the pro-
of law. Two directors shall
constitute quorum for the transit
lction OF business.
There shall be a President and al
'ecretary-Treasurer elected annu-l
lily by the Board of Directors andI
lntii the first annual meeting on
he second Monday of August 19l7I
Il the stockholders, as hereinI
provided for, board of directorsI
o be selected by the stock-hold-
RS at a meeting to be held at the
,itice OF the corporation, in the1
ity OF New Iberia, Parish of IBERIA
tate OF Louisiana on Monday Au-I
'ust 2, 1916, at 10 o'clock A. M. shallI
erve. AT this meeting the Direct
prs to serve during this period Is
nall be elected and the directors
Q elected shall forthwith meet
no elect among their number a
resident and a Secretary-Treas-
rer. The names and Post Office s
ddresses OF the Directors so elect t
q shall be filed with the Secre- IL
Try Of State cOnformably to Sec. q
OF the act under which this cor I
grafton is organized. Y
A director may be represented at e
ny Board meeting by proxy, pro-
lded the two other directors are a
srsonally present. e
upon unanimous vote of all OF II
re Directors the Board OF Direc- n
re- may be increased to five mem
RS, the additional members be- ii
8 elected by the Board of Direc- 81
re- to serve until the next cleo j.
IN by the stosk-holders; at which
Getting the stockholders may