New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-12-02

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business to be carried on by it are de
clared TO be- To undertake exploration
for the purpose of discovering oil, ga
or other minerals; to operate oil, ga
or other mineral wells or mines; to en-
gage in the buying and selling of oil
gas or other minerals; to acquire, con
struct and operate pipe lines, tramways
storage plants, barge lines, loading sta
tons and all things connected with o
appertaining to the production, storage
sale, disposal and transportation of oil
gas or other minerals, with authority t,
acquire by purchase, lease or otherwise
such franchises as may be necessary fo1
or connected with the conduct of tn
! business hereinabove outlined, and gen
orally to do all things necessary or Incl
dent to connected with said business
in any of its departments.
ARTICLE III.
| The capital stock of this corporation
is fixed at Twenty Thousand Dollars, di-
vided into and represented by two hun
dred shares of the par value of One
Hundred Dollars each. This corporation
SNAIL Dc dutHOIZcu 10 commence DuSl-
ness as soon as Ten Thousand Dollars Ct
its capital stock shall have been sub
scribed and paid for. The remaining
portion of the authorized capital may be
issued from time to time and in such
manner as the Board OF Directors may
deem to be to the best interest of said
corporation.
Eighty shares of stock are hereby au-
thorized to be issued to Geo. J. Sabater,
Solange E. Sorrell and Walter J. Burke,
as payment for the use of drilling rig,
material, pipe, tools and for the pur-
chase of mineral rights and leases which
are set forth in detail in a statement
annexed to this Charter, paraphed Ne
Varietur by the undersigned Notary for
Identification herewith, and to be read
in connection with the said Charter, the
total appraisement of said poperty
rights so acquired by this corporation in
exchange for the issuance of stock IS
hereinabove set forth being appraised by
the Board of Directors in the manner set
forth in the certificate annexed to this
Charter and making part hereof.
ARTICLE ".
The corporate powers of this corpora
ton shall be vested in and exercised by
Board of Directors composed of seven
stockholders of said corporation to be
held on the first Tuesday of July of each
year. The first annual meeting of said
stockholders to be held on the first Tues
day of July 1918. Until the first annual
meeting of said stockholders, the Direc-
tors of this corporation are hereby de-
clared to be Geo. J. Sabatier, Henry N.
Pharr, Robert Martin, Solange E. Sor-
rell, Alphonse Davis, ]. Robert Perry
and Walter ]. Burke.
The officers of this corporation shall
be President, Vice President, Secre
tary and Treasurer, who shall be elected
from among the Directors on the same
day as the election held by the Directors,
and Immediately following the annual
election of stockholders. Until the cleo
ton to be held on the first Tuesday If
July 1918, the following shall be the
officers of this corporation: Walter :.
Burke, President; Henry N. Pharr, vice
president and J. Robert Perry, secretary
treasurer.
Any vacancy on the Board of Direc-
tors shall be filled by the remaining
of the Board for the unexpired
term. Any vacancy in any office shall
be filled by the Directors for the unex-
PRED term.
ARTICLE v.
The capital stock of this corporation
may be increased in accordance with
law to the sum of One Hundred Thou
sand Dollars.
ARTICLE VI.
No stakeholder of this corporation
shall ever be held liable or responsible
for the contracts or faults of this corpo-
ration in any further sum than the I'M
paid balance due the corporation upon
the stock subscribed for herein; nor
shall any mere informality in the or
ganization have the effect of rendering
this Charter null and void, or of expos
ing a stakeholder to any liability other
than herein provided.
Thus done and signed in the City Of
New iberia, Parish of iberia, State Of
Louisiana, in the presence Of Messrs.
Porteus r. Burke and Arthur Schexnay-
der, good and competent witnesses, who
have hereunto signed as such, together
with said appearer and me, the under
signed Notary.
Original signed.)
G. j. Sabatier, p O., New iberia, La.
P. A. Landry, P. O., New Iberia, La.
]. R. Perry. P. O., New Iberia, La.
julius Scharff. P. O.. New Iberia, La.
Alphonse Davis, P. O., New Iberia, La.
Emile Simon, P. O., New iberia, La.
by Alphonse Davis.
J. A. Pharr, P. O., Berwick, La, b. !
H. N. Pharr.
H. N. Pharr, P. o., Olivier, La.
E. A. Pharr by H. N. Pharr, P. o.. ,
Berwick, La.
Jos. j. Smith, P. o. Olivier, La.
Alfred Renoudet, P. O., New Iberia, La.
Solange E. Sorrell, P. O. Olivier, La.
E. A. McIlhenny, P. O., Avery Island,
by G. ]. Sabatier.
c.. c. Henshaw. p O., Avery Island,
La, by G. J. Sabatier.
Robert Martin. P. o., St. Martin, La.
by 6. ]. Sabatier.
Jos. A. Sabatier. P. O., Iota, La, By
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