New Iberia enterprise and independent observer., 1916-05-13

IL shall have power to contract. and be
sued to make and use corporate seal aud the
same to alter and break at pleasure to have hold
and receive, purchase. sell, convey lease, pledge
bond. hypothecate and mortHge property of any
and all kinds real, personal mixed, corpo VI
or ncorporeal: to have and appoint such mana
gers, directors and officers and agents the
| business may require and to m AXE and establish
ns we'll rs to alter and amend from time to time
such by laws, rules and regul ations foe the pro
per management and government OF the affairs
OF said corporation as may be necessary and
proper and generally to possess all the powers
hereinafter mentioned and that are now may
| hereafter be conferred by law. or necessary to
promote its objects and interests.
ARTICLE IL.
The domcile of this corporation shall he at
Olivier Parish Cof Iberia, State OF Louisiana,
| where service of citation or other legal process
i shall be made upon the President of said cor
poration, or in his absence upon the Secretary
4, ,easurer Of said corporation and in the alb
sence Of either upon any other officer as may be
designated by law
| AKTICLElll.
The object and purposes tor which this corpor-
alton is organized and founded and the nature
of he business to he carried on are hereby de
clared to be: To acquire by purchase or by
other lawful means aud to own lands, buildings,
| i'm prov ements Of all kinds necessary TO the aims
and purposes of this corpr' alton, which are de-
clared to be farming operations of all kiuds. the
manu- fscture and sale of sugar and other pro-
ducts OF cane; the operating TO u canning factory
10, the canning of syrup. vegetables. fruit. or
other foods tho making OF advances and the
|
such others eourities as 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 into manufactured or mer-
chantable articles of any nature whatever. To
own and operate tramways
| ARTICLE
The capital stock of this corporation Is hereby
| declared to be tho 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.
kn lad
! 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 ThOussn md Dollars. The said
Thousand Dollars OF tho 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 tho
| 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
aggregating valuation Is set forth In the de-
tailed statements Of said properties which are
hereto annexed. paraphed Ne Vxristur for iden-
tihcation with this act Of Incorporation. The
said detailed and itemized statement annexed
hereto is to be read in connection with the pro-
visions Of this Charter in accordance with Sec
tion 3 Of Act 267 OF the General Assembly Of
1914.
All Of the corporate powers Of said corporation
shall be vested in and exercised by, and all the
business affairs of this corporation. shall be man.
posed Of three members TO 10 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 % re.
Quired BY law. II for any reason the election
will not have been held upon the day fixed. then
1t shall be the duty Of the Directors to fl 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
been elected and installed, and any vacancy Oc
curing in the Board Of Directors from any cause
- l~1I - ~
naming Directors. Two Directors shall consti
tute quorum for the transaction Of business.
There shall be P,esiden, and . Secretary
Treasurer elected annually by the Bosrd Of nj
rectors. and until the hrst annual meeting in
March 1917 the following members shall com
pose the Board Of Directors. towit:
Henry N. Pharr. whose address 10 Olivier.
address 10 Olivier; Iberia. Parish. Louisiana;
ventress J. Smith. whose address is New Iberia,
Louisiana.
Officers, to.wit; Henry N. Pharr. President; Jos.
J.Snith. 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.
poration within the 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 any other executive
officer ,he said Board may designate.
A director may be represented At any Board
meeting by proxy, provided there BE- at least two
Directors personally pre.snt. -. At every meeting;
may be composed Of five members the addition |
81 members being elected BY the Board Of Dir /
estors to serve antil the next election. Three
members would then compose . quorum.
ARTICLE vi.
Notice Of all meetings Of stockholders for
election Of officers or any other purpose
.hsll be given in writing ting bX the Sscrstsfy y p
and directed to each stOckhOlder NJ his name and
address shall appear on the books Of the corpor-
alton, unless such notice 10 waived In writing ny
the stOckhOlder. At all meetings every stock.
holder. In person or by proxy, shall be entitled
to one vote for each share standing in hts
name. and the majority Of votes shall decide oil
questions voted upon at said meeting.
ARTICLE VII.
No stockholder shall ever be held liable or res.
ponsible for the contracts, faults or debts Of the
balance due for the stock subscribed to by him.
nor shall any infOrmHlity IN the organization
have the effect of rendering this Charter null or
of exposing any stakeholder to any liability be-
beyond the unpaid balance due upon his stock.
ARTICLE VIII.
This act Of incorporation may be altered. am.
ended or modified or the corporation may be
dissolved, or may de merged with another cor
pOration by a vote Of two thirds in amount Of
The capital steck represented at any general
meeting Of stockholders called for that purpose.
after giving notice provided for In Article Six
II this Att and in case of dissolution merger,
It least majority Of the entire stock must be
present or represented at said meeting Of stock
holders, and In case of liquidation dissolution
he stockholders shall elect two Lquidating
who shall have entire charge of
uch liquidation in accordance with the power
'ested in them by the stockholders. The said
4iquidators shall fill any vacancy occurring in
heir numbers. II
Thus done and signed at New Iberia,
Parish of Iberia. State Of Louisiana, this
4th day Of April, 1916, in the presence
Il Msssrs. Alphonss Davis and Walter J.
3urke, good and competent witnesses,
Who have subscribed these presents with
he parties and the undersigned Notary.
H. N. PHARR, Olivier. La.
JNO. 4. PHARR. Berwick, La.
Nor II N PhaHs