The weekly Iberian. (New Iberia, La.) 1894-1946, 1917-08-11
STATE OF LOUISIANA,
PARISH OF. IBERIA.


day of May, A. ID. 1917, before me,
commissioned and qualified Notary
Public in and for the State and Par
ish above written, and in presence
of the witnesses hereinafter nam
ed and undersigned,
PERSONALLY CAME AND AP-
FEARED the several persons whose
names are hereunto subscribed
who declared that awaiting them
selves of the laws OF the State of
louisiana relative to the organi-
cation of corporations, especially
Act No. 267 of the General Assem-
bly, of Louisiana for the year 1911,
thay have cONenanated and agreed,
and do by these presents covenant
and agree, and bind and obHgate
themselves, as we'll as such other
persons who may hereafter become
associated with them, to form aud
constitute a body polite iii law,
and create a corporation Tor the
objects and purposes, under the
agreement and stipulations follow
ing, to-Wit:
ARTICLE |.
The name and title of this cor
poration shall be the IBERIA
GRAIN COMPANY, incorporate i
and under its said name t shall
have and enjoy all of the rights,
POWERS and privileges granted by
law to corporations and shall eX-
ist for period OF ninety-nine
years from and after the date
hereof, unless sooner dissolved ac-
cording to law in the manner here
matter set forth. 1t shall have
LoWer to contract, to sue and TO
eb sued; to make and use corpor-
ate seal; to hold, receive, purchase
and convey, as we'll as to mortgage
by pothecate and pledge property
10th real and personal; to issue
negotiable bonds and notes; to APP
point such directors, managers OF
agents as it's interest on convent
ence may require; to make and es-
tablish such bylaws, rules and reg
ulations for the proper conduct
and management of its affairs as
may be necessary Or expedient
and the same to alter or amend at
pleasure.
ARTICLE ii.
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
lumber, coal, or any other artlcla
of merchandise, and to erect fac
tories, warehouses, and depots
and operate boats and cars for the
transportation of merchandise, anG
do All other things necessary, in
the manufacturing, trading, ware
housing and transportation of mer-
chandise, or anything incidental or
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, (S20,000.00), 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
in 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 and
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 fol
the company, Or the then stock
holders, for period or ten days,
and at the end OF that period if
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 OF
by proxy. The capital stock may
be increased to the sum of 100000
90 in the manner hereinafter pro-
vided.
ARTICLE w.
The domicile of this corporation
shall be in the Town of New Iberia,
Iberia Parish, Louisiana, where all
meetings of shareholders and di-
rectors must be held, provided
however, that by consent of all di-
rectors valid meetings OF directors
may be held elsewhere within the
State other than at its domic;le
All citations, or other legal pro-,
cess shall be served upon the Pres
ident, or, in his absence, upon the
ce-President, or, in the absence
of both of these officers, upon the
Secretary.
ARTICLE v.
All of the powers of this corpor-
alton shall be vested in and exer-
cised by Board of five 81 direc-
tors, who shall be elected on the
second Tuesday of July 1917 and
annually thereafter, at general
meeting of the shareholders called
for that purpose, after fifteen days
prior notice to each shareholder.
either in person or by mail.
Three shareholders shall super
wise the election OF directors.
Failure to hold an election on the
day specified shall not affect the
status of the corporation or its al