The weekly Iberian. (New Iberia, La.) 1894-1946, 1920-03-13

Parish Of iberia, State of Louisiana
and all citations and other legal pre-
cess shall be served upon the presi
dent, and in his absence, upon tn
Vice President, and in the absence O
both upon the secretary of this corp
EoratiOn.
ARTICLE III.
The objects and purposes TO
which this corporation is organized
and the nature Of the business to b.
carried on by it are hereby declared
to be: to construct, buy or lease, ant
to own, hold or operate in this Stat,
or elsewhere manufacturing, canning
and preserving factories for the pur
pose OF manufacturing, preserving, ol
canning or packing all kinds of veg
etables, fruits, sea or agricultural
products, liquid or solid food pro
ducts; to manufacture syrups, cor
dlals and sugar cane products; tt
own, lease or operate vessles anc
| other means of transportation in the
obtaining and transportation of its
raw material and manufactured pro-
ducts, or other purposes; to own OF
lease or operate water bottoms, farms
and orchards and other land and wa
ter estates for the produc ion of the
raw material used in the business; to
carry on cold storage business; to
manufacture and sell ice, electricity,
and any and all articles or material
used in the conduct of its business
to own and operate docks and ship
yards; to buy and sell all character
of merchandise; to sell the produrts
and by-products of it's own manufa-
cture and generally to do and per
form all such business as may be
necessary for or incidental to the
objects and purposes herein mention
ed as fully as if set forth herein.
ARTICLE ".
The capital stock of this corpor-
alton is hereby fixed at Thirty thou
sand $3.50, 100000 dollars divided into
three hundred 1900 shares of One
hundred ($1OO.O0) dollars each, pay
able in cash or its equivalent as may
be determined by the Board of Direc-
tors.
The corporation is to be going
concern as soon as Fifteen thousand
($15,O00.00) dollars of it's capital
stock shall have been subscribed for.
The amount to which the capital
stock of this corporation may be in
creased, is hereby fixed at Fifty
thousand (50,OOO.0O) dollars.
All transfers Of stock Of this CORP
oration shall be entered on the stock
book and no transfer shall be in any
manner binding on this corporation
until so registered in it's stock book.
No stock holder shall have the |
light to sell his stock on the market
having offered it, in writing |
It its book value,td 7he directors Of |
his corporation, twenty (2O) days
previous to the contemplated sale |
II said stock, and If the directors of |
his corporation when said stock is
'ffered to them at its book value, de-
ire to buy it, purchase shall be
made on behalf of the corporation,
md the stock shall then and there
'ecome treasury stock to be dispo-
ed Of as the Board of Directors
hall determine.
A notice Of the obligation so to
fer the stock to the corporation
hall be printed across the face of
ach certificate of stock.
ARTICLE V.
All OF the corporate powers of
hall shall be vested in and exerci-
ed by board Of o.lractor, campo-
I'd of four stockholders, three of
HON shall constitute a quorum in t
lie transaction of business, which |
aid directors shall be elected at a c
eneral meeting Of the stockholders I
this corporation, to be held on the
lird Tuesday in January in each
Ear, and due notice of said election t
TALL be given by letter to be writ il
n ten (1O) days previous to said f
ectlon, and sent to the last known
ldress OF each of the stockholders.
ne first meeting of the stockhold- :
s under this charter for the pur-
'se of electing Board of Direct
s shall occur on the third Tuesday
January 1921. e
The said board, at it's first meeting
ter each annual election, shall elect q
pm its members a President, Vice -
esident, and Secretary Treasurer r
The said Board of Directors shall !
10 NIL all vacancies on said Board :,
!slng from any cause whatsoever. q,
The following officers shall serve :,
til the third Tuesday Of January r.
Il, or until their successors shall 81
We been duely elected and quail h
/, to-wit: ~.
Fritz Dietlein, New Iberia, Pres -
mt. =
lanes Y. Dunbar, New Orleans,
.e-President.
Arnold 2. Frick, New Iberia, La. u
:retary-Treasurer.
The first election for directors I'M II
this charter shall take place on Fl
third Tuesday of January. begin
g in 1921, until which time, or
II their successors shall have been Fl
tied and qualified, the following
skholders shall constitute the first m
.rd Of Directors: No
ritz Dietlein, New Iberia, La. sh,
ames '. Dunbar, New Orleans, La dr.,
.rnold E. Prick, New Iberia, La. Ci,
.ibert L. Dukate, Biloxi, Miss. of
ne first Tuesday Of January beg pa
ing IN 1921, shall be the regular an
Tor the meeting of stockholders thj
elect directors, but the failure orr
n any cause to elect directors on sal
day stipulated, shall not dissolve on
corporation, but the officers and me
ctors then in Office shall hold over thr
4 their successors shall have been ne,
elected and qualified. rr,
nd IN the event of any failure to ant
an election on the day stipulat- Bo,
the PRESIDENT shall call meeting por
zen wv Gays notice as near or
es1ter or as soon thereafter as nat
.ticable. A
al elections and meetings of DIRE
stock holders, each stock holder wit
be entitled to one vote for each lica
e OF stock registered in his name tlli.
may vote in person or by proxy. age
elections shall be by ballot. tior
ARTICLE WI. ayr