New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1917-04-07

issued until the consideration therefor
has been received by said cOIpor4nou.
And it being the intent that part d. the
capital stock Of tins corporation snail he
ISSUED tor property mineral ughts,
leases, options aud other such -on5uic.a-
ton to be given in exchange therefor,
there is annexed and attached hereto. AMI
TO be read in connection herewith, ac-
curate detailed and itemized descriptions
OF sucn property taken, as to I've
amount, location, extent character and
state OF improvement, together with
statement OF its value as appraised by
the Directors. said statement being de-
| posted filed aud recorded in the office
of the Secretary of State of Louislsua,
| and in the office Of the Clerk of Court
| of Iberia Parish, Louisiana Every SAFE
or transfer of the capital stock of this
| corporation shall be made on the books
of the company at its office on the sur
render of the certificate therefor, and a
new certificate shall issue to the propcr
holder thereof.
The capital stock of this corporation,
may be increased to One Hundred Thou
sand Dollars ($l00,0O00O) in the man
ner provided by law. This corporation
shall commence doing business as soon
as Fifteen Thousand Dollars ($1S .0Oa O0E
of the stock thereof shall have been sub
scribed az required by law and by this
charter. and paid in
| Amy stakeholder desiring to sell or
| dispose of his shares, or any one or more
| OF them, in this corporation, shall hrss
| offer them to the President OF this cor
| poratiou, and the other stockholders in
| this corporation shall have the first
right and privilege for period of five
| days OF purchasing the said stock &C
the price of bona fide offered therefor, ia
proportion to their holdings in this Com
psny.
ARTICLE "
The name and post office addresses Of
| the subscribers to these articles of in
corporation and the number of shares III
stock which each of its stock holders
hereby agree to take and pay for. as fol-
| lows:
b. w. Msrston, Jr., Shreveport, LIZ
! forty-six shares.
| J. Wofford Sanders, New Iberia, La.
| forty-six shares.
Robert A. Jacob, New Iberia. La.
| forty-six shares.
| Edward r Weeks, New Iberia. La.
twenty three shares.
William G. Weeks, New Iberia, La.
| twenty three shares.
ARTICLE v.
| The corporate powers Of this corpora
shall be vested in and exercised by
| board of directors composed of five
stockholders, which board shall be elected
| uf of bnlJ
of said corporation to be held on the
third Tuesday of February of each year.
The first annual meeting of said stock
holders to be held on the third Tuesday
of February, 1918. Until the first an
| directors of this corporation are de-
clared to be: B. w. Marston, Jr., whose
post office address Is Shreveport, La.
DR.. J. Wofford Sanders whose post office
| address is New Iberia, La; Robert A.
Jacob, whose post office address is New
Iberia, La; Edward r. Weeks, whose
post office address is New Iberia, La;
and William G. Weeks, whose post office
address is New Iberia, La.
| The officers Of this corporation shall
be president, vice president, and sec
rotary treasurer; who shall be elcoted
from among the directors and immed-
lately following the annual lection held,
by the stockholders.
Until the election to be held on the
third Tuesday of February 1918, the fol-
| lowing shall be the officers Of this cor
poration; Dr. J. Woford Sanders, pres
| ident B w. Marston, Jr., vice-presdent.
| and w. G. Weeks. secretarv-treasurer.
| Any vacancy on the board of directors
shall be filled the remaining members
of the Board for the unexpired term.
ARTICLE VI.
No stakeholder of this corporation
shall ever be held liable or responsible
for the contracts or faults of this COR
poration in any further sum that the
unpaid balance due the corporation upon
the stock subscribed for herein: nor shall
any mere informality in the organiza-
ton have the effect of rendering this
charter null and void, or of exposing
STOCKHOLM to any liability other than
herein provided.
ARTICLE VII.
This corporation shall have, enjoy and
exercise all the rights, privileges and i'm
munities granted in Act 267. enacted by
the General Assembly of the State If
Louisiana, in the year 1914. and all
amendments of said act. and this char
ter may be changed, altered or annulled,
or the corporation dissolved, under the
terms and conditions and in accordance
with said act No. 267. Five words inter
lined in this act and made part thereof
and same approved by the parties thereto
before signing
Thus done and signed in the City Of
New Iberia. Parish of Iberia State of
Louisiana, in the presence of Messrs.
Leonard Lyon and William Bauman,
good and competent witnesses, who
have her.unto signed as such, together
with said appcsrers and me. Notary. en-
the day, month and year FIRST above writ-
ten.
]. WOFFORD ShNDERS,