The weekly Iberian. (New Iberia, La.) 1894-1946, 1917-06-30
ARTICLE III.

ARTICLE III.
The objects and purposes for
which this corporation is organ
lied are hereby declared to be:
To purchase, sell, store or manu-
facture feed, fertilizers, foodstuffs
lum Der, coal, or any other article
of merchandise, and to erect fac
tories, warehouses, and depOts
and operate boats and cars for the
transportation of merchandise, and
do all other things necessary in
the manufacturing, trading, ware
housing and transportation of mer
chandise, or anything incidental OF
convenient to the carrying out Of
these objects and purposes.
ARTICLE III.
The capital stock of this corpora
ton shall be Twenty Thousand Dol
lars, 20,000.00), represented by
Two Hundred shares of the par
value of $4,000 each, so percent. of
which has been fully subscribed
for before the filing of these arti-
cles and which must be fully paid
i'm cash before the corporation be-
gins business. Stock may be paid
for in money, property, or services
rendered, but no certificate shall
issue until the stock has been fully
paid for. All certificates shall be
duly signed by the President ana
Secretary OF the corporation, seal
ed with the corporate seal, and
transfers shall only be made on the |
books Of the company with the sur
render Of the stock. Any stock
holder desiring to sell his stock |
must first offer it to the President |
of the Company, who shall have
the option of purchasing same. for
the company, Or the then stock
holders, for a period Oh ten days,
and at the end Of that period ii
the option is not exercised, the
owner of the offered stock shall
have the right to dispose of same
On the open market. All Stock is
sued shall be COMMON STOCK,
and at all meetings of shareholders
each share shall be entitled to one
vote, to be cast either in person or
by proxy. The capital stock may
De increased to the sum of 100000.
10 in the manner hereinafter pro-
,ided.
ARTICLE w.
The domicile of this corporation
hall be in the Town of New Iberia,
IBERIA Parish, Louisiana, where all
meetings of shareholders and di- I
ectors must be held, provided
,owever, that by consent of all di-
ectors valid meetings of directors
nay be held elsewhere within the
tate other than at its domic'le.
III citations, or other legal pro-
ess shall be served upon the Pres 6
dent, or, in his absence, upon the {
ice-President, or, in the absence
4 both of these officers, upon the
ecretary.
ARTICLE v.
All of the powers of this corpor- ;
ton shall be vested in and exer-
ised by Board of five (5) direc- I
Ors, who shall be elected on the
econd Tuesday of July 1917 and
thereafter, at general
leeting of the shareholders called
,r that purpose, after fifteen days +
rior notice to each shareholder, y
Their in person or by mail.
Three shareholders shall super =
Use the election OF directors. =
allure to hold an election on the =
ay specified shall not affect the g
atus of the corporation or its af-
irs, but the directors in office ft
lall continue to serve until their 81
ccessors have been duly elected c
id qualified. Vacancies occurring q
! the Board from any cause shall
} filled by the remaining directors
ON qualified stockholders. Three 80
rectors shall constitute quorum
r the transaction of business. ST
Special meetings of shareholders
ay be called when ordered by the sh