The weekly Iberian. (New Iberia, La.) 1894-1946, 1922-05-20
which the corporation is engaged.
ARTICLE IT..


ARTICLE III.
The corporation shall be domiciled
in the City Of New Iberia, Parish OF
| Iberia, in the State OF Louisiana, ana
all citation or other legal process
shall be served upon the Secretary
Treasurer of the corporation.
ARTICLE III.
| The objects and purposes for which
| this corporation is created and org
| anized, and the nature of the bust
ness to be carried on by it, are de-
clared to be as follows:
To buy, sell, manufacture, and, in
4, any manner, acquire, handle and DIS
pose of paper, paper products, card
board, papier mache, paper pulp,
wood pulp, bagasse, rice straw; like
wise, containers, crates, cans, boxes
and receptacles Of all kinds, descnp-
tions and materials, and particularly
egg case filters or corrugated paper,
paper boards and boxes, and any and
, all paper products; and, in connec-
ton with the above and foregoing
objects and purposes, to apply for,
acquire by sale, assign, lease, pledge,
mortgage, or otherwise dispose of
letters patent of the United States,
or of any foreign country, and all
and any rights hereunder; likewise,
to acquire and dispose of trade
marks. trade names and copyrights
relating to or useful in connection
with any business of the corporation.
To acquire, own, lease, mortgage,
operate and dispose of all such
mills, plants, work shops, factories,
buildings, offices and machinery re-
lating to or useful in connection with
any of the business of the corpora
ton.
To engage in foreign as well as
domestic commerce, to carry on any
of the business aforesaid in the
United States, its territories and de-
tendencies, and in foreign countries,
and, in general, to engage in all the
business incident to the objects and
purposes above described.
ARTICLE w.
The capital stock of this corpora
ton is hereby fixed at the sum of
Twenty Five Thousand 1925, 100000
Dollars, represented by two hundred
fifty shares Of the par value of
$4,000 each. Said stock shall be
paid for in cash or its equivalent, as
provided by law, and in such manner
and at such time, and in such in
stallments as may be prescribed by
the Board of Directors.
This corporation shall become
going concern and shall be authoriz-
ed to commence business when
Twelve Thousand Five Hundred
liz, 50O.OO) Dollars Of its capital
stock shall have been subscribed for,
in accordance with law. and Six
Thousand Two Hundred Fifty $780,
250.00) Dollars Of its capital stock
shall have been actually paid in,
either in cash or its equivalent.
ARTICLE v.
The capital stock of this corpora
ton may be increased to the sum Of
One Hundred Thousand ($10O, 10000
Dollars. by two-thirds vote Of all
the stock, present or represented, at
special meeting called for that
purpose, or at q regular annual
meeting of the corporation,
ARTICLE vi.
All certificates Of stock issued by
the corporation shall be signed by
the President or Vice. President and
by the Secretary Treasurer.
The stock of this corporation can
be transferred only on the books of
the corporation, and subject to such
regulations and formalities as may
be by the Board Of Directors from
time to time prescribed.
No stakeholder shall be permitted
to sell or otherwise dispose Of his
stock without first Offering same in
writing to the other stockholders,
through the Board of Directors, at
price not exceeding the book value |
thereof, and the stockholders shall |
have an option and first right to
purchase all the shares of stock to
be thus disposed Of by sale or by
death, resignation or otherwise of
any of its stockholders Of the corp
grafton, and shall have q period Of
ten days in which to accept or de-
cline to purchase said stock. Should
the Board Of Directors or the stock
holders decline to purchase said
stock. then the stakeholder or stock
holders who made the offer to sell
Or otherwise dispose Of the stock,
may sell or otherwise dispose Of it,
IN any manner and at any price that
ne or they may see fit. But each
share of stock is issued under the
condition and understanding that no
stockholder shall make a sale or
transfer of his stock in violation of
his provision; and this company
shall be under no obligation to list
'aid stock on its books, or to regard
he holder of the certificate thereof.
ARTICLE VII.
The corporate powers of this cor
'oration shall be vested in and ex-
'rcised by a Board of Directors
Of four stockholders. three
4 whom shall constitute a quorum
or the transaction Of business. but
he said Board Of Directors may be
increased to five, by a majority vote
# the outstanding stock at anv an
lual meeting, or at any special
Meeting Of the stockholders called
or that purpose, and without the
necessity Of any further amendment
r alteration of this charter.
The Directors Of this corporation
nay vote in person or by proxy at
ny OF the meetings Of the Board of
directors, and the Board of Direc-
ors may delegate any of its powers
Q any officer or officers, or any
Their representative of the company,
y appropriate resolution to that eff
ect.
The first Board of Directors shall