New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1919-02-15

mortgage or pledge, and to ool1o" money
and issue notes and to secure the same
by mortfage, pledge or otherwise; to owr
and operate any factory or plant tor the
purpose of converting the products of thu
farm into manufactured articles of any
nature whatever.
ARTICLE w.
The CAPITAL stock of this corporation i.
hereby declared to be the sum of One
Hundred and Twenty Thousand (s12O,-
lOOOOO) Dollars, divided into one thousand
two hundred $1,000 shares of the pal
value of One Hundred ($100.0O) Dollars
per share. Said stock to be paid for in
cash, or in exchange for such property as
NAV be authorized by law and made m
con formitv with legal provisions.
The capital stock may be increased, IN
the manner prescribed by law, to the sum
Of Two Hundred Thousand $500, 100000
Dollars Said corporation shall begin
business as soon as Sixty thousand $500
100000 Dollars of the csNSN stock snail
have been subscribed and the sum Of
Thirty Thousand (S3O,00000) Dollars
shall have been paid for.
ARTICLE V.
! The corporate powers of this corpora
ton shall be vested in and exercised ov,
| and all the business affairs of this corpo-
"a ton shall be managed and conducted by
Board of Directors, composed of six fb)
mem bers 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, Alfrel Renoudet,
Mrs Fritz Dietein, Mrs. L. A. Valet, A..
| J. Renoudet, Joseph A. Renoudet and
Clet Girard
| Until the election to be held on the Sec
ond TAsday of January, 1920, the follow
| ing sSE be the officers of this corpora
ton. Fritz Dietlein, President; Alfred
Renoudet, Vice President and Clet Gil
rard, 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 -r
Notice of stockholders meetings must Re
delivered personally or by depositing same
in the post-office, properly addressed to
each stakeholder, at least ten 1O) 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 over
until their successors are chosen. In such
event the President shall cause another
election to be helu within thirty 1907
days, and at date and hour named by
him. giving the notice to the stockholders
as required by law.
At every election and meeting, each
stakeholder shall be entitled to one vote
for each share of the capital stock of the
corporation standing in his name, and he
may vote such stock by written proxy Civ
en- to any other stakeholder to represent
him at such meeting.
The election of Directors shall be by
ballot and the majority of the amount
of votes cast shall elect the person or per-
sons for whom they have been cast.
ARTICLE vi.
The Board of Directors shall frame and
adopt such bylaws and rules and regula-
tons as the affairs and the business Of
the corporate may require, and as it
may deem necessary for the proper man
agement. provided, the same shall not con-
flict with the charter or with the laws of
the State of Louisiana, and of the United
States. It shall appoint agents, en-
ployees, servants and clerks as it may
deem proper, fixing their compensation.
1t shall have the right to fix and de-
termine the salaries of the several officers
herein provided for.
ARTICLE VII.
No shareholder shall ever be held liable
for the contracts or faults Of this Cor
poration in any further sum than the
amount of his or her indebtedness to the
Corporation; nor shall any mere infor-
mality in organization have the effect of
rendering this act null, or of exposing any
shareholder to any liability beyond the
amount of his or her shares.
ARTICLE VIII
This corporation shall have, enjoy and
exercise all the rights, privileges and i'm
munities granted by Act 267 of the acts
of the General Assembly of the State of
Louisiana, in the year 1914, and all
amendments to said act, and this charter
may be changed, altered or annulled, OF
this corporation dissolved, under the
terms and conditions and in accordance
with said Act No. 267.
ARTICLE TX.
The name and post-office address of the
subscribers to these articles of incorpora-
ton, and the number of shares which each
of its stockholders hereby agree to take
and pay, appear opposite their respective
signatures.
Thus done and passed, at New Iberia,
in the Parish of Iberia, Louisiana, in the
presence of Messrs. E. S. Broussard and
J. E. Schwing, good and competent wit
nesses, who have signed. these presents,
together with the appearers and me,
Notary, on the day, month and year first
above written, after due reading of The
whole.
Name Address No. Shares
Fritz Dietlein, New Iberia, La. 49, so
Aired Renoudet, New Iberia, La. -. 100