New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1917-03-17

+ issued until the consideration thereto
has been received by said corporation
And it being the intent that part Q; tn
capital stock of this corporation shall b.
issued for property, mineral rights
leases, options and other such cons:ic-a
ton to be given in exchange therefor
there is annexed and attached hereto, an
to be read in connection herewith, ac
curate detailed and itemized description
Of such property SO taken, as to 1T
amount, location, extent character anC
state Of improvement, together with
statement of its value as appraised BY
the Directors, said statement being de-
posted filed and recorded in the office
Of the Secretary of State of Louisiana
and in the office of the Clerk OF Coui
OF Iberia Parish, Louisiana. Every sa4,
or transfer of the capital stock of thi:
corporation shall be made on the book!
of the company at its office on the sur
render of the certificate therefor, and Z
new certificate shall issue to the proper
holder thereof.
The capital stock of this corporation
may be increased to One Hundred Thou
sand Dollars ($10O,0O0OO) in the man
ner provided by law. This corpora ton
shall commence doing business as soon
as Fifteen Thousand Dollars ISIS. 100000
of the stock thereof shall have been sub
scribed, as required by law and by this
charter, and paid in
Any stockholder desiring to sell OF
dispose of his shares, or any one or more
of them, in this corporation, shall first
offer them to the President of this coy
poration, and the other stockholders IN
this corporation shall have the first
right and privilege for a period of five
days of purchasing the said stock at
the price of bona fide offered therefor, in
proportion to their holdings in this Com
pany. ..,.i,..-
ARTICLE "
The name and. post office addresses OF
the subscribers to these articles of in
corporation and the number of shares u
stock which each of its stock holders
hereby agree to take and pay for, as fol-
lows:
B. w. Marston, Jr., Shreveport, La,
J. Wofford Sanders, New Iberia, La,
forty-six shares.
Robert A. Jacob, New Iberia. La,
forty-six shares.
Edward T Weeks, New Iberia, La,
twenty three shares.
William G. Weeks, New Iberia, La,
twentythree shares.
ARTICLE V.
The corporate powers of this corpora
shall be vested in and exercised by a
board of directors composed of five
stockholders, which board shall be elected
at its annual meeting of the stockh olders
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, 1913. Until the first an
nual meeting of said stockholders, the
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 T. 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 a president, president, and a sec
rotary treasurer; who shall be elected
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. Wofford Sanders, pres
dent; B w. Marston, Jr., vice president,
and w. G. Weeks. secretary treasurer
Any vacancy on the board of directors
shall be filled Or the remaining members
If the Board for the unexpired term
ARTICLE VI.
No stakeholder of this corporation
hall ever be held liable or responsible !
or the contracts or faults of this cor
'oration in any further sum that the
unpaid balance due the corporation upon
ny mere informally in the organiza-
ion have the effect of rendering this |
harter null and void, or of exposing
to any liability other than
erein provided.
ARTICLE VII.
This corporation shall have, enjoy and
xercise all the rights, privileges and i'm
nunities granted in Act 267 enacted BY
he General Assembly of the State Of
louisiana, in the year 1914. and all
of said act. and this char
er may be changed altered or annulled.
r the corporation dissolved, under the
erms and conditions and in accordance
18th said act No. 267. Five words inter
ned in this act and made part thereof
nd same approved by the parties thereto
efore signing.
Thus done and signed in the City Of
ew Iberia Parish of Iberia State Of
in the presence of Messrs
eonard Lyon and William Bauman.
God and competent witnesses, who
ave hereunto signed as such, together
18th said appearers and me, Notary, IN
lie day, month and year first above writ
n.
J. WOFFORD SANDERS,
B. w. MARSTON, JR 4