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

lie, in and for the Parish Of iberia, Louisiana
duly commissioned and qualified, and in the pres
enoe of the witnesses hereinafter named and under
signed,
PERSONALLY CAME ANDAPPEARED
the several persons whose names are hereunts sub
scrbed, who declared that, avaling themselves o
the provisions of the laws of this State relative tt
the organization of corporation, that they agreed
and bind and obligate themselves, as well as such
persons as may become associated with them ane
their successors, to form aad DO form and constr
tute corporation for the objects and purposes, and
under the conditions and stpulationa as contained
and set forth in the following articles, to-wit:
ARTICLE !.
The name and style of th, corporation shall be
the New IB,sIA WooD ANo MANUFACTURING
COMPANY, INCORPORATED, under which name and
title it shall enjoy succession Of property and all
rights, privileges and nmunties granted by Law
unto corporations in the State of Louisiana, for a
period of ninety nine 500 years from date hereof.
Ii shall have power to contract, sue anc DC
sued, to make and use corporate seal, and the
same to alter and break at pleasure to have, hold
and receive, purchase, sell, convey, lease, pledge
bond hypothecate and mortgage property of any
and all kinds, real and personal mixed, corporal
or neorporeal; to have and appoint such managers,
dieectors and officers and agents as the buslnes'
may require, and to make and establish, as well
as IS altor and amend, from time to time, such BY
laws, rules and regulations for the proper manage
m.nt and government of the affairs of said corpor-
alton may be necessary and proper, and general
ly, to possess all the powers hereinafter mentioned
and that are or may hereafter be conferred by law,
or accessory to promote its objects and interest.
ARTICLE II.
The domicile Of this Corporation shall be al
New Iberia, in the Parish of iberia, Louisiana,
where service of citation or other legal process
shall be made upon the President Of said Corpora
ton, or in his ABSENCE upon the Secretary Treas
urer of said Corporation, and in the absence Of
either, upon any other officer may be designated
by law.
ARTICLE III.
The objects and purposes of this Corporation are
declared to be: To buy and sell Wood, Coal,
Shingles, Brick and all building material; to do
everything in connection with the manufacture Of
Logs into Wood; to swn and operate Saw Mills
or Weed Work Shops in the City Of New Iberia
La or elsewhere.
ARTICLE w.
The capital stock of this Cooperation is hereby
declared to be the sum of Five Thousand (tsooo)
Dollars, divided into Fifty (so) shares Of the par
value of One Hundred Colars ($Ioo. COY, per
share. Said stock to be paid for in cash, or in
exchange for property as may be authorized by law
and made in conformity with legal provisions.
The capital stock may be increased, in the man
ner prescribed by law, to the sum of Fifty Thous-
and Dollars ($so, 900 .oo)
ARTICLE v.
The corporate powers OF this Corporatioi shall
be vested In and exercised by, and all the business
of this Corporation shall be managed and conduct
cd BY Board of Directors, composed OF three 3 }
members to be annually elected on the second
Monday of January, of each year. From the said
Directos: there shall be elected annually, Presi-
dent, Vice President aad Secretary Treasurer,
of the said corporation. The following persons,
shall Constitute the first Board of Directors, to-
With. F. Reynaud, Fritz Dietlien and Pierre
Molbert.
Until the election to be held on the second
Monday Of January, 1870, the following shall be
the officers Of this Corporation: H. F. Reynaud,
President; Pierre Mslbert, Vice-President and
Fris. Dieslien, Secretary Treasurer. Any vac
.ncy ON the Board Of Directors shall be filled by
the remaining members Of the Beard for the IN
expired term. Any vacancy in any office shall b
filled by the Directors for the snexpired term.
Notice Of stockholders meetings must be deliv
cred personally or by deposting same in the Pos
Office, properly addressed, to each stockhoder,
least ten (Io) days before such meeting. Othe
stockholders meetings may be held when ordere'
BY the Beard of Directors or the holders Of 4
least twenty-five (2s) per cent Of the outstanding
stock.
Failure from any cause to elect Directors on tn
day named for the purpose, will not dissolve TIL
CORPORATION, but the Directors in office, as well
other officers of this Corporation, ahall hold owe
until their successors are chosea. In such even
the President shall cause another election to
held within thirty (3o) days, and at date an
hour named by him, giving the notice to tn
stockholders a. required BY law.
At every election and meeting, each ssoekhold
er shall be entitled to one vote. for each share
the Corporation standing in his name, and he ma
vote such stock by written proxy gwen to On
other per,on to represent him At such meeting.
The election Of Directors shall be BY ballot an
the majority of the amount Of votes cast shall eet
the perssn or person. for wAon they have bee
| cast.
ARTICLE vi.
| The Board Of Directors shall frame and adoI
such bylaws and rules and regulations a. the sffa
and the business Of the Corporation may sequir'
and q. it may deem necessary for the proper mar
,eement, provided, the came shall net eonffi'
With this charter o. with the laws Of the State
Lesi.ian., and Of the Uassd st,tss. 1t shall II
point agents, employees, servants and clerks a.
may deem proper, fixing their compensation.
shall have the right to fix and drtermine the sala
;e, Of the several officers herein provided for.
i ARTICLE VIZ.
No shareholder shall ever BE- held liable Or re
pen,ble for the contracts or faults Of this cofpos
ton in any further sum than the amesnt Of his il
leLsedne.s to the Cooperation; nor shall any mel
Internally in organization have the effect Of re.'
erine this Act null, or Of exposing aay sharehold'
to any liability beyond the amount OF his Of b
| sharea