New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-09-25
CHARTER OF THE
New iberia Mill and Grain
Company, Inc.


before me, Thomas T. Carey, a notary
public in and for the Parish of Iberia,
State of Louisiana, duly commissioned
and qualified, and in the presence of the
witnesses hereinafter named and under
signed, personally came and appeared the
several persons whose names are here
unto subscribed, who declared that avail
ing themselves of the provisions of the
laws of this State relative to the organ
ization of corporations, they have agreed
and bind themselves, as well as such
persons as may hereafter become asso-
ciated with them and their successors, to
form and constitute a corporation and
body polite in law for the objects and
purposes and under the conditions and
stipulations as contained and set forth in
the following articles, towit:
ARTICLE I.
The name and title of said corporation
shall be "New Iberia Mill & Grain Com
pany, Incorporated" 1t shall exist fer
the full term and period of twenty-five
years from date hereof.
ARTICLE II.
The domicile of this Corporation shall
be in the City of New Iberia, Iberia Par
ish, Louisiana, and all citations and
other legal process shall be served upon
the president of said corporation, or in
case of his absence or inability to act,
upon the vice-president, or in the manner
prescribed by law.
ARTICLE III.
The objects and purposes for which
this corporation is established are hereby
declared to be as follows, to-wit:
The buying and selling of property,
real, personal and mixed, corporal and
incorporeal, to invest in bonds, stocks,
and other securities; to conduct the bus
mess of acting as agent and broker in
purchases and sales of property and COM
modities of all kinds, and to do gen
eral agency, commission and mandate
business, also to deal in merchandise Of
any and all kinds, buy and sch cotton,
rice, sugar, sugar-cane, corn and other
agricultural products; lease, own and
operate public and bonded warehouses,
cotton gins, oil mills, and ice factories;
also to mill and manufacture agricul=
tural products, as well as the by
products of same, into any article OF
commerce and do a general manufactur-
ing business and generally to make and
enter into any and all contracts in rela-
ton to said business that may become
necessary.
ARTICLE ".
This corporation may sue and be sued
in its corporate name, hold, have, receive,
purchase, convey, sell, mortgage, hypothe-
cate, pledge, lease and suitcase, also
borrow money, issue notes and bonds,
make contracts, receive grants of land
and personal property and make and use
a corporate seal, the same to alter and
break at pleasure; name and appoint
managers, directors. officers and clerks
and agents as the interest and conven-
fence of said corporation may require;
make and establish such bylaws, rules
and regulations for the proper manage
ment and regulation of the affairs of said
corporation as may be necessary, and the
same to alter and change at pleasure;
and possess all rights, powers and priv
ileges TO which corporations are or may
by any general law or laws of this State
authorized and entitled.
ARTICLE "
The capital stock of this corporation is
hereby fixed at Forty Thousand ($40,
100000 Dollars, represented by eight
hundred shares of Fifty Dollars each. All
stock subscribed shall be paid for in
cash or property, real and personal, or
for services actually rendered to the
corporation on such terms and condi-
tons as the Board of Directors may at
any time determine. All transfers of
stock shall be made on the books of the
corporation and shall be signed by the
stakeholder or his attorney. The corpo-
ration shall begin business as soon as
four hundred shares Of the capital stock
shall have been subscribed and paid for.
Of the capital stock to be issued it is de-
clared that four hundred shares of stock
thereof, of the aggregate par value Of
Twenty Thousand Dollars, are issued for
and in exchange of property real and
movable, consisting of, first, real estate;
second, grain and feed products, and
third, open accounts, all as are more
particularly set out in a detailed and
itemized statement thereof hereto an
nexed and to be read in conjunction with
this charter At all elections and meet
ings of the stockholders, each share of
stock shall be voted, either by the per-
son in whose name the stock appears
upon the books of the corporation at the
time of the meeting, or by an agent in
proxy, duly authorized in writing to that
effect. The capital stock of this corpo-
ration may be increased to One Hun,
bred Thousand Dollars.
ARTICLE VI.
The business affairs and corporate
powers of this corporation will be vested
in and transacted by Board of Direc-
tors of not less than four, nor more than
seven Directors, to be chosen from the
stockholders at the annual meeting to be
held on the fourth Monday of September,
or in the event of failure to hold said
meeting on said date, at as early date
thereafter as practicable. The number of
the Directors to serve in each year shall
be fixed at the meeting of the stoekhold-
ers held for the purpose of electing \
Board of Directors. In the event the
Board of Directors so elected should con-
sist of less than the full quota allowed
and for any reason the Board Of Direc-
tors should desire to increase the number
of Directors during any term to the full
number authorized, the said Board shall