The weekly Iberian. (New Iberia, La.) 1894-1946, 1916-08-26

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
Iosits of any and all kinds, 20 owl
and operate pipe lines and tram
ways a3d, 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 is hereby declared to be thu
| sum of TEN THOUSAND DOLLARS
/ 10,00O.00) divided in one hundred
shares of the par value of one hun.
| bred dollars each. Said stock is t
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 $3.50, O0O.0O). The
said corporation shall begin bust
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 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 pIenary 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 q notice of the
meeting of the stockholders 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 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 quorum for the transit
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, as herein
provided for, board of directors
to be selected by the stock-hold-
ers 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-I
gust 2, 1916, at 10 O'Clock A. NJ. shall
serve. At this meeting the Direct
.ors to serve during this period
,hall be elected and tho directors
70 elected shall forthwith meet |
md elect among their number a |
President and Secretary-Treas-l
lrer. The names and Post Office
addresses of the Directors SO elect
ID shall be filed with the Secre-
airy Of State comfortably to Sec.
o of the act under which this cor
,oration is organized.
A director may be represented at
my Board meeting by proxy, pro-
-ided the two other directors are
present.
Upon unanimous vote OF all of
he Directors the Board OF Direc-
ors may be increased to five mem
ers, the additional members be-
ne elected by the Board of Direc-
ors to serve until the next cleo
ion by the stockholders; at which
Meeting the stockholders mayi