New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-05-06

! Y,
bond hypotht cate and mortsge property OF an
anu all kinds, real, personal OF mixed, corpo e,
or ineorporea; to have and appoint such man
gers, directors and officers and agents Ms tn
| business may require, and to make and establish
as We'll ~ to alter and amend from time to tim
such by laws, rules and regulations for the Or,
per management and government Of the affair
OK SAID corporation as may be necessary an
proper, aud generally to possess all the power
hereinafter mentioned and that are now or ma
hereafter be conferred by law. or necessary t
| promote its objects and interests.
| ARTICLE II.
The dom'cile of this corporation shall he a
Olivier, Parish lof IBERIA State OF Louisiana
| whore service of citation other legal process
shall be made upon the President of said cor
| pOratioD or in his absence upon the SecrS tary
T. easurer of said corporation. and in the vi
sence OF either: upon any other officer MS may b.
| designated by law.
ARTICLElll
The object and purposes tor which this cor por
| alton is organized and founded and the natur
or the business I" be carried on are hereby de
| ciared TO be: To acquire by purchase or b,
| other lawful means and to own lands buildings
| improvements OF all kinds necessary TO the aim
and purposes Of this corpr' alton, which are de
| cIared to he farming operations Of all kiuds. tn
manufacture and sale of sugar and other pro
duets Of cane: the operating 10 a canning factory
f"t the canning of syrup. vegetables. fruit. o.
other foods; the making OF advances and tn
lending OF money based upon crop securities o.
| such others ecurites As may be deemed desirable
to own and operate any factory. gin or plant o
any nature for the purpose Of converting thu
products OF the farm into mann featured or m er
charitable articles of any nature whatever. T,
| own and operate tramways
ARTlCLEIv.
The capital stock of this corporation Is hereb,
declared to he the sum Of One Hundred Thou
sand Dollars, divided In one thousand shares o.
| the par value Of One Hundred Dollars per share
Said stock is to be paid for in cash. or in ex
by law and made in conformity with legal pro
visions. The capital stock may In the manner
conform able to law be increased to Two Hun
drsd and Fifty Thousand Dollars The said cor
pora'ton shall begin business soon Fifty
Thousand Dollars of the capital stock have been
subscribed and the amount required by law shall
have been paid for in money or in property.
And 1t being cOntem plated that the bulk Of the
stock in said corporation shall be subscribed for
! and paid for by the transfer to said corporation
OF various real and personal properties. the same
AggregatiDg valuation as is SGT forth in the de
tailed statements of said properties which are
hereto annexed. paraphtd Ne Varistur for iden
tification with this act Of incorporation. The
said detailed ami itemized statement annexed
visions Of this Charter in accordance with Sec
ti"" = OF Act 267 OF the General Assembly of
1914.
ARTICLE
All of the corporate powers Of said corporation
snail be vested in and exercised BY and all the
business affairs of THIS poratioD, shall be
aged and conducted by Board Of Directors com
posed OF three members to he annually elected
on the third Monday Of April of each year. All
such elections shall be by ballot. and the notice
OF said meeting must be given in the manner
quired ny law. IL for any reason the election
will not have been held upon the day fixed then
it shall be the duty Of the Directors to fl X another
date within thirty days for the holding Of said
election. The directors elected shall continue TO
hold their Office until their successors will have
hecn elected and installed. and any vacancy
curing in the Board of Directors from any cause
whatever, shall be filled by election by the
naming Directors. Two Directors shall consti
n = n m tnWth n stNps hnaNn
There shall be esiden' and q Secretary
Treasurer elected annually by the Board Of ri.
rect.rs. and until the first annual meeting in
Mareh 1917 the following members shall com
pose the Board Of Directors. to wit:
Henry Pharr. whose address is Olivier
lberin Parish. Louisiana: Jos. J. Smith, Whose
address is Olivier; iberia, Parish, Louisiana;
Ventress J. Smith, whose address IL New Iberia,
Louisiana
And the following shall constitute the Arst
Officers, to.wit; Henry N. Pharr, President; Jos.
J. Smith. Secretary Treasurer.
All Of the authority in the management Of the
affairs Of the corporation employing agents. lab.
orers and employees In any capacity whatever.
conducting and operating the affairs Of the cor.
poration within tho scope and authority vested
blythe Charter shall be vested in the Board of
Directors, who by resolution may vest the full
authority in the President or any other executive
officer the said Board may designate
4 director may be represented at any Board
Directors personally present vt every meeting:
Upon unanimous vote Of all Directors, the Board
may be composed Of five members, the addition
a members being elected by the Board Of Dir
Betors to serve nntil the next election. Three
members would then compose quorum.
ARTICLE vi.
Notice of all meetings Of stockholders for
election Of officers any other purpose
'hall be given in writing by the Secretary by
nail at least ten days before the meeting is held.
md directed to each stakeholder NJ his name and
address shall appear on the books Of the corpor.
mel nnfi - "
he stockhOder. At all meetings every stock |
holder. in person or by proxy. shall be entitled !
o one vote for each share standing in his
lame and tho majority Of votes shall decide all |
questions voted upon ut said meeting.
ARTICLE VII.
No stakeholder shall ever be held liable or res
'onsible for the contracts, faults or debts OF the
in any other sum then the unpaid
alsncs due for the stock subscribed 10 by him.
Or shall any inform*lity IN the organ ization
ave the effect Of rendering this Charter null or
eyOnd the unpaid balance due upon his stock.
ARTICLE VIII.
This act Of incorporation may be altered, am
nded or modified, or the corporation may he
lssOved, or may de merged with ano' her cor
oration by vote Of two-thirds in amount of
he capital stock represented At any general
Meeting Of Stockholders called for that purpose,
tier giving notice provided for IN Article Six
this Act, and in case of dissolution merger.
least majority Of the entire stock must he
resent or represented ut said meeting of stock.
OIuere, ana IN case OF llquldat1On or dissolution
he stockholders shall elect two Liquidating
commissioners, who shall have entire charge Of
nch liquidation in accordance with the power
ested in them by the stockholders. The said
iquidatOrs shall fill any vacancy occurring in
heir numbers.
Thus done aud signed at New Iberia,
arish of Iberia. State of Louisiana, this
4th day of April. 1916, in the presence
Messrs, AlphOnse Davis and Walter ].
urke, good and competent witnesses,
no have subscribed these presents with
le parties and the undersigned Notary.
H. N. PHARR, Olivier. La.
JNO. A. PHARR. Berwick, La.
per II. N. Pharr
Z. A. PHARR, Morgan City. La.
per H. N. Pharr
VENTRESS ]. SMITH, New Iberia,
JOS. ]. SMITH, Olivier, La.
Witnesses:
LPHONsE DAVIS,
AIrrp I Qrypvr .