New Iberia enterprise and independent observer., 1917-03-10

has been received Dy Sdlu COIpOldliotl'
And it being the intent that part o. the
capital stock of this corporation shall be
issued for property, mineral nights,
leases, options and other such cous:1eza-
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 Its
amount, location, extent character and
state of improvement, together with a
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 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
new certificate shall issue to the proper
holder thereof.
The capital stock of this corporation
may be increased to One Hundred Thou
sand Dollars ($1OO, 100000 in the man
ner provided by law. This corporation
shall commence doing business as soon
| as Fifteen Thousand Dollars ($15 5.000.O0)
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 or
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.
| 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 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.
twentvth 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 a
board of directors composed Sf five
stockholders, which board shall be elected
at its annual meeting of the stockholders
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
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.
i The officers of this corporation shall
be president, vice president, and sec
ry-treasuyer; 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
ident; B w. Marston, Jr., vice-president
and w. G. Weeks. secretarv-treasurer
! Any vacancy on the board of directors
shall be filled Dv the remaining members
of the Board for the unexpired term
ARTICLE VI.
| No stockholder 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 a
stockholdtr 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 Of
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 hereunto signed as such, together
with said appearers and me, Notary, IN
the day, month and year first above writ
| ten.
| J. WOFFORD SANDERS,
B. w. MARSTON, JR.
| r A. JACOB