New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-05-27

e,
and receive, purchase. SELL convey, lease, pledge
bond, hypothecate and mortAge property OF An
and all kinds. real, personal OF mixed Col 20 a
or Incorporate to have and appoint suan M ann
gers. directors and officers and agents AS til
business may require, and to make xud establis h
rs ell .s TO alter and amend from time to tim
such bylaws. rules and regulations fog the pro
! per management and government Of the aft air
| OK said corporation may be necessary An,
proper. and generally to possess all the pu wsr
hereinafter mentioned, and that are now ma.
hereafter be conferred by Law, or necessary Il
promote its objects and interests.
| ARTICLE H.
The dOnicile Of this corporations shall be n
Olivier, Parish tOf iberia, State Of l.oui n Il
| where service of citation or other legal pras+ =.
! shall be made upon the President OF said cor
poratisn, or in his absence upon the Secretary
I, easurer Of said corpor alton ami in ,he al
sence Of either, upon any other officer rs may b.
designated by law
AkTICLElll
The object aud purposes which this cor por
alton is organized aud founded and the natur.
| OF the business to tie carried ON are hereby de
| clared /" be-: To acquire by purchase or by
other lawful means and to own lands, buildings
improvements of all kinds necessary 10 the aims
and purposes of this corpr alton which are de
clared t" he farming operations Of all kiud>, the
manufacture and sale of sugar and other pro
duets Of cane; the operating 10 u canning factory
f"' the canning of syrup vegetables, fruit. or
other foods; the making at advances and the
lending "f money based upon crop Aerurities or
such Others ecurities may be deemed ue> irab
to ow u and operate any factory. gin plant Of
any nature, for the purpose of converting the
products Of the farm int" manufactured mer-
chantabir articles of any nature whatever To
own and operate tramways
ARTICLE ~.
The capital stock of his corporation is hereby
deciA, ed to te thu sum Of One Hundred Thou
sand Dollars. divided in thousand shares o.
tn" par value of one Hundred Dollars Der share
Said stock is to be paid for in cash, in ex-
change for such propert. AS may be aur h"riz-d
by law ans made in conformity with legal pro
ISL
conform able T" law b~ increased 10 Two Hun
drsd and Fifty Thousand Dollars The said cor
poratf"n shall begin business IS soon Fifty
Thousand Dollars of the capital stock have been
subscribed and the amount required by law shall
have been raid for in money or in property.
And it being contrmp plated that the bulk of the
stock in said corporation hall BE- subscribed for
ana p"id for by the transfer to said corporation
OF various real and personal properties. the same
valuation AS is set forth in the de-
tailed statements of said properties which are
hereto annexed. paraphtd Ne Naretur for ia-n.
tit"ati"n with this act Of incorporation. The
+xit detailed and itemized statement anne xed |
hereto is 10 be read in connection with the pro
visions of this Charter in accordance with See !
ton 8 Of Act 267 OF the General Assembly Of |
1914.
ARTICLE v
All OF the corporate powers Of said corporation |
hall be vested In and exercised W, and all the |
'nsiness Affairs Of this pOYntlon shall be man.
'esd and conducted by Board Of Directors con.
'"sed "f three memhers 10 he annually elected
urh elections shall be by ballot. and the notice
Il said meeting mnst be given in the manner re-
u.red by law. II for any reason the ele"tion
viii mot have been held upon the day fixed then |
shall be the duty Of the directors 70 fix another
late within thirty days for the holding Of said
lection. The directors elected shall continue to |
'old their Office until their successors will have
zen elected and installed. and any vacancy oc.
urirg In the Board 1T Directors from any cause
'hatever. ahsll he 6lled by election by the 70.
naming Directors Two Directors shall consti.
There shall be p esiden, and Secretary.
'vesaurer elected annually BY the Board Of Di.
ecs' r" and until the first annual meeting In
iareh 1917 the following members shall con.
ose the Hoard Of directors. tO-wit:
Henry Pharr. whose address 10 Olivier,
herts Parish. Louisiana; jos. J. Smith, whose
ddrrss il Olivier; Iberia. Parish, Louisiana;
entress j. Smith. whose address lie New Iberia.
OuiaianA |
And the following shall constitute the first
Ulcers. to-wit: Henry n Pharr, President; Jos.
Smith. Secretary Treasurer.
All OF the authority in the management Of the
fairs of the corporation employing agents, lab.
rers and employ ses in any capacity whatever,
and ope rating the affairs Of the cor.
Dratiom within the scope ana authority vested
v1the Charter shall be vested in the Board Of
irertors. who by resolution may vest the full =
lthority in the President any other executive =
ficer he said Board may designate.
A director may be represented AT any Board
Getting bv proxy. provided there be at least two
irectOrs personally present vt every meeting
pom unanimous vote Of all Directors, the Board
a. ire composed OF five members, the addition
members being elected by the Board Of Dir.
tors 10 serve sntil the next election. Three
embers would then compose quorum.
ARTICLE vi.
Notice OF oil meetings Of stockholders for
ecton Of Officers or any other purpose
all be given IN writing by tho secretary by
nil, ut leasttsn days before the meeting l. held,
ID directed IL each stOckhOlder M his name and
dres. shall appear ON the hooks Of the c"rpor-
Ion, unless su"h notice 10 waive In writing by
e stockholder. At sll meetings every stock
lder. in person "rb BY proxy, shall be entitled
me. and tho majority Of votes shall decide all =
estiOns voted upon ut said meeting
ARTICLE VII. r
No stakeholder shall ever be held liable or res
nsible for the contracts, faults or debts OF the
rp0ration in any other then the unpaid
lance due for the stock subscribed TO by him,
" the effect of rendering this Charter null or
exposing any stOckhOlder to any liability be.
yond the unpaid balance due upon his u. ok.
ARTICLE VIII.
This act Of incoi porati0n may be altered am.
ded or modified. ov the corporation may be
Dsolsed. may Do mergeA wish anoi her cor
rasi"n by y vote Of two-thirds in amount of
'eting of st"c lders called for that purpose,
.er giving notice ~ provided for IN Article Sig
this Act. and in case Of dissolution merger.
least . majority Of the entire stock must BE-
peens or represented 1t said meeting Of stock.
ldeYs. and IN ease Of liquidation or dissolution
stockholders shsll elect two Liquidatine
mmisoiODers. who shall have entire charge II
h legislation In accordance with the power
tied 10 them by the stoekholders. The said
laidssovS shall all any vacancy occurring in
1iY numbeYs
Rhus done and siGaed ct New Iberia,
irish Of Iberia. State Of Lonisiana, this
h day Of April, 1915, In the presence
Messrs. Alphense Davis and Walter ].
rke, good and competent witnesses,
10 have subscribed these presents with
, parties and the undersigned Notary.
H. N. PHARR. Olivier. La.
JNO. 4. PHARR. Berwick, La.
per H. N. Pharr
E. A. PaA8R. Morgan City. La.
per H! N. Pharr
VENTRUlA I 0M1Tn An- 1h>,;a