The weekly Iberian. (New Iberia, La.) 1894-1946, 1916-08-05

al and live stock products int
commodities and products; to en-
gage in mining operations an 1 t
explore for and to exploit salt
; gas, oil and in general mineral de
posits of any and all kinds, 10 ow,
and operate pipe lines and tram
ways and, 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 Nv.
The capital stock of this corpor-
alton is hereby declared to be the
sum of TEN THOUSAND DOLLARS
$10,000.00) 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 i'm exchange
for such property as may be auth
orized by law and made i'm 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 (S25O,OO0 .OO). 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-
CURED 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 plenary authority by a Board
of Directors composed of three q,
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 stock holders of
this corporation, for this purpose.
shall be given i'm the manner re-
CURED 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 elec-I
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 a quorum for the transit
action of business.
There shall be President and A
'ecretary-Treasurer elected annu-
lily by the Board of Directors and
Until the first annual meeting on
he second Monday of August 1917l
II the stockholders, as hereipI
provided for, board of directorsI
o be selected by the stock hold-l
RS at a meeting to be held at the
'ffice Of The corporation, i'm the
ity OF New Iberia, Parish OF IBERIA
tate of Louisiana on Monday A,,-I
'ust Q, 1916, at 10 O'Clock A. M. shall
erve. AT this meeting the Direc-l
0rs to serve during this period
hall be elected and the directors
0 elected shall forthwith meet
nd elect among their number a {
resident and Secretary-Treas-
rer. The names and Post Office {
ddresses of the Directors so elect (
d shall be filed with the Secre-
Try Of State conformably to Sec :
of the act under which this cor +
grafton is organized. y
A director may be represented at g
ny Board meeting by proxy, pro- {
Ided the two other directors are )
ersonally present. .
upon unanimous vote of all OF n
Re Directors the Board OF Direc- \
RS may be increased to five MEM
'rs, the additional members be- II
g elected by the Board OF Direc- 4
RS to serve until the next elec-t j
On by the stockholders at which
Getting the stock -holders mayI