New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1919-02-01

rate harvesting and threshing machinery
and shall for such purposes have TT!
power to exercise any right of Eminen
Domain that might be given by Law tt
a corporate body of this character, to pur
chase and own, or lease, real estate, ma.
chinery necessary and convenient to carry
on said business, to pledge or mortgage
sell or exchange same, to fix tariff or note
of charges for draining or irrigating lands
threshing and harvesting rice, and gen
e1allv, to make and enter into any ano
all contracts in relation to said bushes:
that NAV become necessary.
ARTICLE w.
The capital stock of this corporation Is
hereby fixed at the sum of Five Thou
sand ($5OOO) Dollars, represented by
Fifty (5O) shares of the par value of One
Hundred ($10O) Dollars, or in exchange
for such property as NAV be authorize
bv law and made in conformity witt
legal provisions.
The capital stock may be increased, in
the manner prescribed by law, to the SUN
of Fifteen Thousand $15,000) Dollars.
Said corporation shall, begin business
a. soon as Five Thousand ($5000) Dol
lars of the capital stock shall have been
subscribed and the sum of Five Thou
sand ($5OOO) Dollars shall have been
paid for.
ARTICLE V.
The corporate powers of this corpora
tion shall be vested in and exercised by
and all the business affairs of this cor
portaion shall be managed and conducted
bv a Board of Directors, composed OF
Three 81 members to be annually elected
on the Third Tuesday of January OF each
wear. From said Directors there shall te
elected annually, President, Vice-Pres-
;dent, and a Secretary Treasurer, OF the
said corporation. The following persons
shall constitute the first Board OF d.
rectors, to-wit: J. E. Schwing, J. A
Goodwin, and Miss Louise Blanchet.
Until the election to be held on The
third Tuesday of January 1919, the fol-
lowing shall be the officers of this cor
poration: J. E. Schwinq, President; J
A. Goodwin. Vice President and Miss
Louise Blanchet, Secretary Treasurer
ANY vacancy on the Board of Directors
shall be filled by the remaining members
of the Board for the unexpired term
Any vacancy in any office shall be filled
by the Directors for the unexpired term
Notice of stockholders meetings mus,
be delivered personally or by depositine
same in the post office, properly ADDRESSED
to each stakeholder, at least Ten (lo)
days before such meeting. Other stock
holders meetings may be held when
ordered by the Board of Directors or the
holders of at least Twenty Five per cent
of the outtanding stock.
Failure for any cause to elect dlrec-
tors on the day named for the purpose
will not dissolve this corporation, but the
directors in office, as well as the other Of
ficers of this corporation, shall hold ovel
until their successors are chosen. In
such event the President shall cause
another election to be held within Thirty
1907 days and at q date and hour name.
by him, giving the notice to the stock
holders as required by law.
At every lection and meeting, eacs
stakeholder shall be entitled to one vos'
for each share of the capital stock of thu
corporation standing in his name, art
he may vote each stock by written proxy
given to any other person to represen
him at such meeting.
The election of Directors shall be b.
ballot and the majority of the amour
of votes cast shall elect the person or per
sons for whom they have been cast.
ARTICLE vi.
The Board of Directors shall franz
and adopt such bylaws and rules ant
regulations as the affairs and the bushes
of the corporation may require, and as
may deem necessary for the proper man
agement, provided, the same shall nc
conflict with this charter or with the law
of the State of Louisiana, and of tn
United States. It shall appoint agent:
employees, servants and clerks as it ma
deem proper, fixing their compensation
It shall have the right to fix and determin
the salaries of the several officers herei
provided for.
| ARTICLE VII.
No shareholder shall ever be held lab!
or responsible for the contracts or faul.
of this corporation in any further sur
than the amount of his Indebtedness .
formality in organization have the effef
of rendering this act null, or of exposin
any share holder to any liability beyon
l the amount OF his or her ShareS.
| ARTICLE VIII.
| This CORPORATION shall have, enjoy an
exercise all the rights, privileges and i'm
munities granted by Act 267 of the Act
of the General Assembly of the State (
Louisiana, in the year Of 1914, and .
amendments to said act, and this charts
may be changed, altered or annulled, {
this corporation dissolved, under the tern
and conditions and in accordance wit
said Act, No. 267.
| ARTICLE TX.
The name and post Office address {
the subscribers to these articles of il
/ corporation, and the number of share
which each of its stockholders hereo
agree to take and pay, appear opposi'
their respective signatures.
Thus done and passed at New Iberi
iberia Parish. Louisiana in the presene
of Messrs. E. S. Broussard and F.
+, Patout, good and competent witnesse
who have signed these presents, togeths
with the appearers and me, Notary, aft
Idue reading of the whole.
i shar.
J. E. Schwina, New Iberia, La. ....;
Miss Louise Blanchet, New Iberia, La.
IT, Arthur Goodwin, New Iberia, La. i
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