New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1921-07-09

| erty Of any and all kinds, real, persona
or mixed, corporeal or incorporeal, in.
GLIDING oil leases, oil rights, minera
rights, of all kinds; to have and appoin
such managers, directors and officers
com mittees and agents as the bushes.
may require, and to make and establish
as we'll as to alter and amend, from time
to time, such bylaws, rules and regula
tons for the proper management ano
government of the affairs of said corpora
ton as may be necessary and proper, and
generally, to possess all the powers here
matter mentioned and that are now O,
may hereafter be conferred by law, o,
necessary to promote its objects and in
terests.
ARTICLE Q.
The domicile of this corporation shall
be at New Iberia, Parish of Iberia, State
of Louisiana. where service of citation OF
other legal process shall be made upon
the President of said corporation, or in
his absence, upon the Secretary of the
said corporation, or in the absence of
either, upon any other officer as may be
designated by law.
ARTICLE 3.
The object and purpose of this corpo-
ration are declared to be: To acquire by
lease or purchase or otherwise, mineral
rights and mineral leases, of all kinds,
and to explore and develope the same in
search of oil, gas or other minerals; to
drill and operate on any lands in the
State of Louisiana for oil, gas or other
minerals, and to produce and market the
same, and to own and operate pipe lines,
to convey said minerals to market; to
own or lease necessary machinery and
drilling outfit and tanks for the proper
development and production of said min
erals, and generally, to do all things nec-
essary and proper to carry out the OBJ
jects and purposes of which this corpora
ton is organized.
ARTICLE 4.
The capital stock of this corporation
is hereby fixed at the sum of Ten Thou
sand Dollars, represented by 200 shares of
the par value of Fifty Dollars, or in ex-
change for such property as may be au-
thorized by law and make in conformity
with legal provision.
The capital stock may be increased in
the manner prescribed by law, to the sum
VI Euty 1nOuSanO OOllalS.
Said corporation shall begin business as
soon as Five Thousand Dollars of the
capital stock shall have been subscribed
for and paid for.
ARTICLE S.
The corporate powers of this corpora
tion shall be vested in and exercised by,
and all the business affairs of this cor
poration shall be managed and conducted
by Board of Directors, composed of
Five stockholders to be annually elected
On the Second Tuesday of July of each
year. From said Directors. there shall be
elected annually, President, Vice
President. and Secretary Treasurer, Of |
he said corporation. The following per-
IONS shall constitute the first Board of
Directors, to-wit: E. Guidroz. Adam D. |
Winters. Sidney Patout, F. G. Patout and
:. E. Delahoussaye.
Until the election to be held on the
Second Tuesday of July, 1922, the fol-
owing shall be the officers of this cor
'oration: E. Guidroz. President; F. G.
'atout, Vice President and F. E. Della
loussaye, Secretary-Treasurer. Any
acancy on the Board of Directors shall
'e filled by the remaining members of
he Board for the unexpired term. Any
acancy in any office shall be filled by
he Directors for the unexpired term.
The Board of Directors may appoint,
rom their members, and executive COM
1ittee of three, with full power to trans
ct any business for said corporation as
ully as if done by the Board of Directors
themselves. All salaries of employees to
e fixed by said Board or Executive COM
,ittee. The Board may make and es-
ablish, as well as to alter and amend
ny and all bylaws, rules and regula-
ons, necessary and proper for the con-
uct and management of the affairs of ,
aid corporation with full power and au-
,ority to carry on all the business of ,
,e said corporation, provided the same ,
hall not conflict with this charter or the ,
Iws Of the State of Louisiana, and of ,
ie United States.
ARTICLE s.
No shareholder shall ever be held liable
: responsible for the contracts or faults
this corporation with any further sum
ian the amount Of his indebtedness to .
ais corporation; nor shall any mere in !,
'rmality in organization, have the effect
rendering this act null, or of exposing
ny shareholder to any liabilities beyond
,e amount Of his or her shares.
ARTICLE Z. Il
The corporation shall have, senjoy and
rercise al the rishts, privileges and inn
lunitiss granted BY act 267 Of the Acts
the General Assembly, Of the State Of
ouisiana, for the year 1914, and all
nsndments to said act, and other laws
this State relative to corporation, and
10 Charter may Be changed, altered OF !
,nulled, or this corporation dissolved, .
adsr the terms and conditions and In Z
to said laws.
The subseribsrs hereto have respectively !
ritten opposite thsir nsmes the amount !
stock in this corporation, subscribed I
Y BY each Of them together with their {
ost Office address, 20 that THE Get Of !
corporation may also serve - the orig I
al subscription list of said corporation. Z
Thus done and passed ct the City of
ew iberia, iberia Parish, Louisiana, on {
. day, month and year first above writ
a, in the presence Of the undersigned {
mPstent resident witnesses, who have !
mad nth <ha rap<snS eMA 80 N~A>.-I