The weekly Iberian. (New Iberia, La.) 1894-1946, 1916-08-19

al and live stock products into
commodities and products; to en-
gage in mining. operations AMI tC
explore for and to exploit salt
gas, oil and in general mineral de-
rosits of any and all kinds, 10 own
and operate pipe lines and tram
ways and, in general, to own, do
and perform any and all things ne
cessary or german to the accom-
plishment of the objects and pur-
| poses herein set forth.
ARTICLE
The capital stock of this corpor-
| alton is hereby declared to be the
sum of TEN THOUSAND DOLLARS
| $50 ,000.00) divided in one hundred
shores 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 in COM
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 $3.50, 000.00). 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
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 q Board
OF Directors composed of three (3)l
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 stockholders of
this corporation, for this purpose,
shall be given in the manner re-
quired 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 cleo
ion by the remaining Directors for
he unexpired term. All stock
1olders meetings shall be called
md held conformably to the pro-
visions of law. Two directors SHALL
constitute quorum for the transit
lction of business.
There shall be a President and a
'ecretary-Treasurer elected aunu-l
lily by the Board of Directors and
Until the first annual meeting. onI
he second Monday of August 1911
4 the stockholders, as hereinI
provided for, a board of directorsI
0 be selected by the stock-hold-s
re- at meeting to be held at the
itice Of the corporation, in theI
ity OF New Iberia, Parish Of Iberia,
tate of Louisiana on Monday Au-I
ust 2, 1915, at 10 o'clock A. N. SHALL
erve. At this meeting the Direct
prs to serve during this period
hall be elected and the directors,
D elected shall forthwith meet
nd elect among their. number q {
resident and Secretary-Treas-
rer. The names and Post Office s
ddresses of the Directors SO elect I
shall be filed with the Secre- {
Try OF State c0nformably to Sec. q
OF the act under which this cor (
grafton is organized. y
A director may be represented at q
ny Board meeting by proxy, pro- q
lded the two other directors are a
ersonally present. q
Upon unanimous vote of all of ii
le Directors the Board OF Direc- n
RS may be increased to five MEM
re-, the additional members be- =;
8 elected by the Board of Direc- :;
re- to serve until the next elec-i /,
IN by the stockholders; at which
Getting the stockholders may