New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-10-21
bond, hypothecate and mortgage property

bond, hypothecate and mortgage propert
OF any and all kinds, real personal Q
mixed, corporal or incorporeal, to hav
and appoint such managers, directors
officers and agents as the business may
require, and to make and establish a.
well as to alter and amend from time t
time such bylaws, rules and regulation
for the proper management and govern
ment of the affairs of said corporation a.
may be nee ssary and proper, and gen
orally to possess all the powers herein,
after mentioned and that are now or ma,
be hereafter conferred by law or neces
sary to promote its objects and interests
ARTICLE II.
| The domicile of this corporation shall
be at the City of New Iberia Parish of
iberia, State of Louisiana. where service
of citation or other legal process shall be
| made up the President of said corpora
ton or in his absence upon the Secre
tary Treasurer of said corporation and
in any other manner provided for by
law.
ARTICLE III.
The object and purposes for which this
corporation is organized and founded,
and the nature of the business to be caf-
ried on by it, are declared to be. To en-
gage, by contract or otherwise, in works
of land dredging, drainage and land
reclan, alton; to own and operate dredges
and to traffic in the same; to buy and
sell municipal, drainage and land devel
opement and reclamation bonds and to
traffic in the same; to buy and sell lands;
to reclaim and develop lands; to own
and operate a machine shop or shops
and foundry; to manufacture dredges OF
other drainage appliances; and in gen
eral to do and perform any and all
things necessary or germane to the &C
complishment of the objects and pur-
poses herein set forth.
ARTICLE w.
The capital stock of this corporation
is hereby declared to be the sum of Fifty
Thousand Dollars ($5O,OOO0O), divided
in Five Thousand shares of the par value
of One Hundred Dollars each; said stock
is to be paid for in cash or in exchange
for such property as may be authorized
by law and made in conformity with
legal provisions. The capital stock may
in the manner prescribed by law be in
creased to the sum of One Hundred and
Fifty Thousand Dollars. The said corp
Grafton shall begin business as soon as
Twenty Five Thousand Dollars of the
capital stock have been subscribed for
and the amount required by law shall
have been paid in.
And now this corporation intending to
acquire the dredging business and the
dredges of Anglers & Mestayer, a part
nership composed of Lewis Anglers ano
Percy Mestayer, domiciled in the City of
New Iberia. Parish of Iberia, State Of
Louisiana, and also a certain dredge boat
belonging individually to the said Percy
Mestayer, and to issue stock for said bus
mess and said dredge boats, there is at
tached and annexed hereto, and to be
read in connection with this Charter, an
accurate detailed and itemized descrip-
ton of said property, together with
statement of its value as appraised by
the Directors, and in conformity with
Section Three of Act 267 of the General
Assembly of the State of Louisiana of
the year 1914.
ARTICLE v.
All of the corporate powers of said
corporation shall be vested in and exer-
cised by and all the business affairs OF
this corporation shall be managed, con-
Quoted and operated with full, complete
and plenary authority by Board of Di-
rectors composed of three 81 members
to be annually elected on the second
Monday CT September of each year. All
such elections shall be by ballot and
notice of the meeting of the stockholders
of this corporation, for this purpose,
by law. The Directors elected shall con-
tinue to hold their office until their sue
ccssors shall have been elected and in
sailed, and any vacancy occurring i'll
the Board of Directors, from any cause
whatever, shall be filled by election of
The rem aiming Directors for the unex
PRED term. All stockholders meetings
shall be called and held conformably 70
the provisions Of .sw. Two Directors
action OF business.
There shall be a President, Vice
President and Secretary Treasurer |
elected annually by the Board of Di- |
rectors, and until the first annual meet |
ing on the second Monday of September |
1917 of the stockholders IS herein pro-
vided for, the following stockholders
shall constitute the Board of Directors, to-
Wit: Lewis Anglers, whose Post Office
address is New iberia, La, who shall act
- President; Norbert Mestayer, whose
Post office address is New iberia, La,
Who shall act as Vice President; and
Percy Mestayer, whose Post-office ad-
lress 10 New Iberia, La, who shall act
- Secretary Treasurer.
A Director may be represented At any
Board meeting by proxy, provided the
,ther two Directors are personally
present.
Upon unanimous vote Of all of the Dr.
,ectors the Board of Directors may be
increased to five members, the addi-
.ional members being elected by the
Board Of Directors to serve until the
,ext election by the stcokholders; at
which meeting the stockholders may