New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1917-03-31

issued until the consideration tbe-efor
has been received by said corDorat.ou.
And It being the intent that part q the
capital stock Of this corporation shall pc
issued for property, mineral rights,
leases options and other such coas.tc!a-
ton TO be given in exchange therefor,
there IS annexed and attached hereto, an /.
to be read in connection herewith, 4 ac-
curate detailed and ltemized descriptions
! OF sucn property SO taken, as to ltg
/ amount. location, extent character and
state OF improvement, together with 4
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 Court
! Of Iberia Parish. Louisiana. Every sac
or transfer of the capital stock of thig
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 proper
holder thereof.
The capital stock of this corporation
may be increased to One Hundred Thou
sand Dollars ($100,0OOOO) in the man
ner provided by law. This corporation
shall commence doing business as soon
as Fifteen Thousand Dollars ISIS O00. 00p
of the stock thereof shall have been sub
scribed, as required by law and by this
charter, and paid in
Any stakeholder desiring to sell or
dispose of his shares, or any one or more
OF them, in this corporation, shall first
offer them to the President of this cor
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.
ARTICLE "
The name and. post office addresses Of
the subscribers to these articles of in
corporation and the number of shares Il
stock which each of its stockholders
hereby agree to take and pay for. as fol-
lows:
B. w. Marston, Jr., Shreveport, La,
forty-six shares
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
board of directors composed of five
St0ckb OlIarc yubirb Ii L
at its annual meeting of the stockholders
OF said corporation to be neld 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
De president, vice president, and a sec
who shall be elected
rom among the directors and immed-
ately following the annual lection held
W the stockholders
Until the election to be held on the
bird Tuesday of February 1918, the eol-
owing shall be the officers of this cor
'oration; DR.. J. Wofford Sanders, pres
dent; W. Mar9ton, Jr., vice president,
nd w. 6. Weeks. northumberland.
my vacancy on the board of directors
hall be filled uv the remaining members
the Board for the unexpired term.
ARTICLE VI.
No stakeholder of this corporation
hall ever be held liable or responsible
DR. the contracts or faults of this COR
Grafton in any further sum that the
npaid balance due the corporation upon
lie stock subscribed for herein: nor shall
nv mere informality in the organiza-
on have the effect of rendering this
larter null and void, or Of exposing
to any liability other than
erein provided,
ARTICLE VII.
This corporation shall have, enjoy and
'ercise all the rights, privileges and i'm
UnlueS granted IN Act Z67. enacted By
e General Assembly of the State Of
ouisiana, in the year 1914. and all
nendments of said act. and this char
r may be changed, altered or annulled,
the corporation dissolved. under the
rms and conditions and in accordance
tn said act No. 267. Five words inter-
led in this act and made part thereof
d same approved by the parties thereto y
fore signing
Thus done and signed in the CITY of
w Iberia. Parish of Iberia State Of
usiana, in the presence of Messrs.
onard Lyon and William Bauman,
cd and competent witnesses, who
We hereunto signed as such, together
tn said appearers and me. Notary. IN
: day, month and year first above -r-i.-