New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1919-02-22

business, to make such advances are
required: and to carry out the purposes,
it shall have power to secure by way OF
mortgage or pledge, and to borrow money
and issue notes and to secure the same
by mortfage pledge or otherwise; to own
and operate any factory or plant for the
purpose of converting the products OF the
farm into manufactured articles of any
nature whatever.
ARTICLE w.
The capital stock of this corporation is
hereby declared to be the sum of One
Hundred and Twenty Thousand ($l2O,-
600 OO) Dollars, divided into one thousand
two hundred $4,000 shares of the par
value of One Hundred ($100.OO) Dollars,
per share Said stock to be paid for IN
cash or in yyhange for such property as
NAV be authorized by law and made IN
conformity with legal provisions.
The capital stock may be increased, in
the manner prescribed by law, to the sum
of Two Hundred Thousand $4,000 O.JO)
Dollars. Said corporation SHALL begin
business as soon as Sixty ThoSsand $780,
OOO OO) Dollars of the capital stock shall
have been subscribed and the sum Of
Thirty Thousand ($3O,O0O00) Dollars
shall have been paid for.
ARTICLE V.
The corporate powers OF this corpora
t;op shall be vested in and exercised oy,
and all the business affairs OF this corpo-
atom shall be managed and conducted ny
Board of Directors, composed of six to'
members to be annually elected on the
Second Tuesday of January, of each year.
From said Directors there shall be elected
annually, President, Vice PRESIDENT
and a Secretary Treasurer, of the said
corporation. The following persons shall
constitute the first Board of Directors, to-
wit: Fritz Dietlein, Alfred Renoudet,
Mrs. Fritz Dietlein, Mrs. L. A. Valet, A.
J. Renoudet, Joseph A. Renoudet and
Clet Girard.
Until the election to be held on the Sec
ond Tuesday of January, 1920, the follow
inc shall be the officers of this corpora
ton. Fritz Dietlein, President; Alfred
Renoudet, Vice President and Clet Gil
rard, Secretary Treasurer. Any vacancy
ON Abe Board of Directors shall be filled
bv 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 must re
delivered personally or by depositing same
in the post office, Nperly addressed to
each stakeholder, az least ten (lO) days
before such meeting Other stockholders
meetings may be held when ordered by
the Board of Directors or the holders of at
least twenty five (25) per cent. of the
! outstanding stock.
Failure from any cause to elect direc-
tors on the day named for the purpose
will not dissolve this corporation, but the
directors in office, as we'll as the other Of
ficers of this corporation, shall hold ovel
until their successors are chosen. In sucr
event the President shall cause anoths,
election to be held within thirty 800
days, and at date and hour named by
him, giving the notice to the stockholders
as required by law.
| At every election and meeting, eacf
stakeholder shall be entitled to one vote
for each share of the capital stock of th'
corporation standing in his name, and II
NAV vote such stock by written proxy Civ.
en- to any other stakeholder to represent
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 frame an;
adopt such bylaws and rules and regula
itions rs the affairs and the business O.
the corporation may require, and as
may deem necessary for the proper man
agement, provided the same shall not con
flict with the charter or with the laws o
the State of Louisiana, and of the Unite.
States It shall appoint agents, EN-
ployees, servants and clerks as it ma.
deem proper, fixing their compensation
It shall have the right to fix and de
termine the salaries of the several officer
herein provided for.
ARTICLE VII.
| No shareholder shall ever be held liabl
for the contracts or faults of this Cor
poration in any further sum than til
amount of his or her indebtedness to tn
ICorporation nor shall any mere infor
mality in organization have the effect o
rendering this act null or of exposing an
shareholder to any liability beyond tn
amount of his or her shares.
4 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 o
Louisiana, in the year 1914, and Al
amendments to said act, and this charte
may be changed, altered or annulled, 0
this corporation dissolved, under th
terms and conditions and in accordanc
with said Act No. 267.
ARTICLE TX.
The name and post-office address of tn
subscribers to these articles of incorpor1
ton, and the number of shares which eac
Of its stockholders hereby agree to tax
and pay, appear opposite their respecti7
| signatures.
Thus done and passed, at New Iberl;
in the Parish of iberia, Louisiana, in tn
presence of Messrs. E. S. Broussard an
J. E. Schwing, good and competent wit
nesses, who have signed these presents
together with the appearers and M
Notary, on the day, month and year frs
| above written, after due reading of h