New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-11-18

Ouuo,' 1. W. I've" IBERIA, Ia: Solang
E. Sorrell. P. o. Olivier, La j.. A. Nj
Ilhenny, P. O., Avery Island, La. by c
j. Sabatier; c. c. Henshaw, P O.. Aver
Island, La, by G. j. Sabatier; Role
Martin, P. O., ST Martin, P. O.. S.
Martin, La, by G.. J. Sabatier; Jos. A
Ssbatier P. O., Iota. La, by G.. J. Sa
batter; John Sabater, P O.. Iota. La
Miss Amalie Sabatier P. o, Iota, La
by g. J. Sabater; Mrs. G. J. Sabatier. P
o., New Iberia, La, by G. J. Saba4er
Walter J. Burke, P. O., New Iberia, La.
Ventress J. Smith P O.. New Ihe-,a
La, each of whom declared unto me :,
the presence of the hereinafter nance
and undersigned competent witnesses
that availing themselves of the provi-
sions of Act No. 2o7 of the General Az
sembly of the State of Louisiana for the
year 1914. as well as the laws of the
State in general relative to the creation
OF corporations, they do hereby form
! themselves into and constitute BODY
polite in law and adopt the followin Q
articles as a Charter to govern them
; selves and such others as NAV become as
ISOLATED with or succeed them.
ARTICLE /.
The name and title of this corpora ton
shall be the New Iberia Oil COMPANY
Inc, under which name and title if shall
enjoy succession of property and all
rights, privileges and immunities grant
ed by law unto corporations in the
State OF Louisiana, for period of nine
ty nine years from date hereof. The
domicile of this corporation is fixed in
the City of New iberia, Parish of Iberia.
State of louisiana
The purpose for which this corpora
ton is organized and the nature of the
business to be carried on by it are de
clared to be: To undertake exploration
TOR the purpose of discovering oil. gas
or other minerals to operate oil. gas
or other mineral wells or mines; to en-
gage in the buying and selling of oil, |
gas or other minerals; to acquire. con-
struct and operate pipe lines, tramways. |
storage plants, barge lines, loading sta
lions and all things connected with or
appertaining to the production, storage,
sale, disposal and transporta ton of oil.
gas or other minerals, with authority to'l
'cquire by purchase, lease or otherwise
uch franchises as may be necessary for
II connected with the conduct of the
business hereinabove outlined and gen
rally to do all things necessary or Incl
ent to or connected with said business
n any of its departments
ARTICLE III.
The capital stock OF this corporation
5 fixed at Twenty Thousand Dollars, dl-
ided into and represented by two hun
red shares of the par value of One
hundred Dollars each. This corporation
hall be authorized to commence busi-
ess as soon as Ten Thousand Dollars Ct
$ capital stock shall have been SUD-
;rlbed and paid for. The remaining
ortion of the authorized capital may be
sued from time to time and in such
tanner as the Board of Directors NAV
.em to be to the best interest of SAID
'rporation.
Eighty shares of stock are hereby au-
lorlzed to be issued to Geo. J. SaDatier,I
olange E. Sorreu and Walter J. Burke,
payment for the use of drilling rig,
aterial, pipe, tools and for the pur-
ase OF mineral rights and leases which
e set forth in detail in a statement
nexed to this Charter, paraphed Ne .
lrietur by the undersigned Notary for
ratification herewith, and to be read =
connection with the said Charter, the q
tai appnalsement of said property
yhts so acquired by this corporation in
change for the issuance of stock as
reinabove set forth being appraised by
e Board of Directors in the manner set
nth in the certificate annexed to this
larter and making part hereof
ARTICLE Nv.
The corporate powers of this corpora-
n shall be vested in and exercised by
Board of Directors composed of seven
'ckholders of said corporation to be
Id on the first Tuesday of July of each
ar. The first annual meeting of said
'ckholders to be held on the first Tues
' of July 1913. Until the first annual
setting of said stockholders, the Direc-
3 of this corporation are hereby de-
red to be Geo. J. Sabatier, Henry N.
arr, Robert Martin, Solange E. Sor-
!, Alphonse Davis, ]. Robert Perry
1 Walter J. Burke.
The officers of this CORPORATION shall
President, Vice PfG0ent, Secre-
and Treasurer, who shall be elected
m among the Directors on the same
: ~ the election held by the Directors,
Immediately following the annual
ction of stockholders. Until the cleo
d to be held on the first Tuesday #
y 1918, the following shall be the
GERS Of this corporation: Walter :.
IKE, President; Henry N. Pharr, vice
sident and J. Robert Perry, secretary
lsurer.
my vacancy on the Board of Direc-
shall be filled by the remaining
nbers of the Board for the unexpired
n. Any vacancy in any office shall
filled by the Directors for the unex-
ID term.
ARTICLE v.
he capital stock of this corporation
be increased in accordance with
to the sum of One Hundred Thou