New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1921-07-16

ana Do sued, to make and use Q coYpo
rate seal, aud the same to alter ant
break at pleasure, to have, hold and re-
ceive, purchase, sell, convey, lease, pledge
bond, hypothecate, and mortgage prop
erty Of any and all kinds, real, persona
or mixed, corporal 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 well as to alter and amend, from time
to time, such bylaws, rules and regula-
tons for the proper management ane
government of the affairs of said corpora
ton as may be necessary and proper, anc
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 2.
The domicile of this corporation shall
be at New Iberia, Parish of Iberia, State
of Louisiana. where service of citation o,
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 oil
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
and production Of said min
erals, and generally, to do all things nee
essary and proper to carry out the OBJ
jects and purposes of which this corpora
tion 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
Of Fifty Thousand Dollars.
Said corporation shall begin business az
soon a. Five Thousand Dollars of the
al Ii L.
for and paid for.
ARTICLE S.
The corporate powers of this corpora
lion shall be vested in and exercised by,
md all the business affairs of this cor
ooration shall be managed and conducted
~ q Board Of Directors, composed of
Five stockholders to be annually elected
IN the Second Tuesday of July of each
rear. From said Directors. there shall be
elected annually, President, Vice
President, and Secretary Treasurer. of
he said corporation. The following per-
ons 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
oussaye, etary-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
ne Directors for the unexpired term.
The Board of Directors may appoint,
'om their members, and executive COM
littee of three, with full power to trans
It any business for said corporation as
lily IS if done by the Board of Directors |
lemselves. All salaries of employees to |
: fixed by said Board or Executive COM
ittee. The Board may make and es-
Iblish, as well as to alter and amend !
ny and all bylaws, rules and regula-
ons, necessary and proper for the con-
i'd corporation with full power and au-
lority to carry on all the business of
le said corporation, provided the same
lall not conflict with this charter or the
VS. Of the State of Louisiana, and of
e United States.
ARTICLE s.
No shareholder shall ever be held liable
responsible for the contracts or faults
this corporation with any further sum
an the amount Of his indebtedness to
Is corporation; nor shall any mere in
rmality in organization, have the effect
rendering this act null, or Of exposing
y shareholder to any liabilities beyond
% amount Of his or her shares.
ARTICLE Z.
This corporation shall have, enjoy and
:ercise all the rights, privileges and i'm
unities granted BY act 267 Of the Acts
the General Assembly, of the State Of
for the year 1914, and all
nendments to said act, and other laws
this State relative to corporation, and
i Charter may Be changed, altered or
Inulled, or this corporation dissolved,
lder the terms and conditions and in
cordancs to said laws.
The subscribers hsrsto have respectively
ritten opposits their names the. smount
stock in this corporation, sohee1ibed
: BY eaeh Of them together with their
vt Office address, % that THE oct Of
corporation may also serve ~ the orig