New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-04-29

1 sueu' 70 make ana use corporate seal and tht
| same TO alter and break At pleasure, to have, ho
anu receive, purchase, sell, convey, lease pledge
bond, hypothec.te and mortsge property OF an
aud all kinds, real personal o, mixed corpo ~ea
| or lneorporexl: to have aud appoint such mana
gers. directors and officers and agents rs tn
| business may require and to make and establis h
as wei MS to alter and amend from time tim,
such bylaws. rules and regulations foe the pro
per management and government Of the affair
OF said corporation AS may be necessary ane
proper, and generally to possess all the power,
herelnatl.r M ntloned, and that are now or ma,
promote its objects and interests.
ARTICLE IL.
The dOmicile of this CORPORATION shall he nj
Olivier, Parish lof iberia. State OF Louisiana
where service of citation other legal process.
shall be made upon the President of said cor
pOratlOn or in his absence upon the Secretary
Treasurer OF said corporation. and in the ali
senee OF either. upon any other officer may be
design ted by law.
ARTICLElll
The object and purposes for which this cor por
alton Is organized and founded and the nature
Of the business to be carried on are hereby de
clnred to be- To acquire by purchase or by
other lawful means ard to own lands, buildings
Improvements OF al kinds necessary to the aims
and purposes of this corpr' alton. which are de
clared to be farming operations of all kiuds. the
manufacture and sale of sugar and other pro
ducts or cane the operating TO a canning factory
10! the canning OF syrup, vegetables, fruit, or
other foods; the making of advances and the
lending OF money based upon crop securities or
such others eourities rs may be deemed desirable;
to own and operate any factory gin or plant OF
any nature. for the purpose of converting the
products OF the farm lat" manufactured or mer-
charitable articles of any nature whatever. To
own and operate tramways
ARTICLE
The capital stock of This corporation is hereby
declared to be the sum Of One Hundred Thou.
sand Dollars, divided in one thousand shares OF
the par value of One Hundred Dollars per share
Said stock is to be paid for in cash. or in ex.
change for such propert, as may be authorized
by law and made in conformity with legal pro-
visions. The capital stock may in the manner
conform able t" law be increased to Two Hun
drsd and Fifty Thous and Dollars. The said cor
poration shall begin business soon as Fifty
Thousand Dollars OF the capital stock have been
subscribed and the amount Qtired by law shall
have been paid for in money or in property
And II he ing 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 ~ al aud etSnnal properties the same
aggregating valuation as is set forth in the de-
tailed statements of said properties which are
hereto annexed paraphtd Ne Varietur for iden-
tifcatiOn with this act of incorporation The
said detailed and itemized statement annexed
hereto is to be read in connection with the pro-
visions of thi. Charter in accordance with Nec-
ton OF Act 267 OF the General Assembly Of
1914.
ARTICLE
All or the corporate powers of said corporation
shall be vested in aud exercised by, and all the
business affairs OF this pOratlOn shall be man
aged and conducted by Il 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 mnst be given in the manner
quired by law. Ii for any reason the election
will not have been held upon the dav fixed then
il shall be the duty Of he Directors to ii another
date within thirty days for the hold ny If snid
election. The directors elected shall continue to
hold their office until their successors will have
been elected and installed. and ANY vacancy
curing in the Board OF Directors from any cause
whatever, shall he nlled by election by the re-
naming Directors Two Directors shall consti-
tute quorum f"r the TRANSACTION Of business
Treasurer elected annually by tn" Board Of III.
rect"rs and until the first annual meeting in
March 1917 the following members shall com
pose the BOARD Of Directors tO-wit
Henry N Phavr whose address is Olivier
lheria Parish, Louisiana; Jos. J. Smith. whore
address is Olivier: iberia Pari- Loui.iana;
Ventress J. Smith, whose address is New Iberia,
Louisiana.
And the following shall constitute the first
officers, to- wit; Henry n Pharr. President; is.
J Smith. Secretary Treasurer.
All OF the authority in the manage ment Of the
affairs Of the corporation employing agents L,t,.
orers amt mplOy oes in any capacity Whatever,
conducting and opt rating The Afi1ils Of the cor.
l,"rs,iOn within the scope and au tholity vested
blythe Charter shall be vested in the Board Of
Directors, who by resolution may vest thu full
authority in the President any other exc. i've
officer he said Board may designate.
director may be rep, essnt~d At any Hoard
\
Dlre, tors personally present at every NEE ling
Upon unanimous vote Of xll Directors, the Board
may be composed of five members the addition
II members being elected by the Board Of Dir
eetOrs to serve until the next election. Three
members would then compose Quorum
ARTICLE VI.
Notice of ali meetings Of stockholders fer
election Of officers or any other purpose
mail ut lexstt~ days before the meeting is held,
md directed to each stockhOlder AS his name and
address shall appear on the books Of the c"rpor.
ton, unless such notice 10 wavtd in writing by
he stOckhoder. At all meetings every stock |
holder. in person or by proxy, shall be entitled |
% one vote for each share standing in his
lame, and the majority Of votes shall decide all
questions voted upon ut said meeting
ARTICLE VII.
No stOckholde, shall ever he held liable or res
'onsibe for the contracts, faults debts Of the
balance due for the stock subscribed TO BY him. |
Tor shall any inform~lity IN the organization !
AVE the effect of rendering this Charter null or |
II exposing any stOckhOlder to any liability be. |
'eyond the unpaid balance due upon his st. ok.
ARTICLE VIII
This act OF Incorporation may be alt. red AM |
nded or modified, or the corporation may be
dissolved, or may de merged with ano, her cor. |
'Oratlon by vote of two-thirds in amount Of |
he capital steck represented at any general
Meeting Of stockh lders called for that purpose
fter giving notice as provided for N Article Six |
+ this Act and in case OF dissolution or merger
t least majority of the entire sto must be |
resent or represented at said meeting Of stock.
!olders, and In case Of liquidation dissolution
he stockholders shnll elect two Liquidating
Z mmissioners. who shall have entire charge II
uch 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 and signed at New Iberia,
Parish of Iberia. State Of Louisiana, this
4'h day of April, 1916, in the presence
+ Messrs. Alphonse Davis and Waller J.
,urke, good and competent witnesses,
Who have subscribed these presents with
be parties and the undersigned Notary.
H. N. PHARR, Olivier. La.
JNO. A. PHARR. Berwick, La.
per H. N Pharr
E.A. PAARR, Morgan City. La.
per H. N. Pbarr
VENTRESS J. SMITH, New Iberia,
La.
JOS. J. SMITH, Olivier, La.