New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1902-07-26

ms NAV be necessary, aud the same 10
alter and change mt pleasure and shan
possess all the rights, powers aud priv
lcges to which corporations are or may
be by any general law or laws OF TINS
state authorized and entitled to pos
sess.
ARTICLE V.
The capital of this corporation is hereby
fixed at Ten thousand (f1O 900 .0O) Dollars.
rcprosrnted by one thousand shares of ten
$50 0O) each. All stock subscribed for
shall bo payable in cash or property real
and personal. on such terms and condi-
ii,ions as the Board of Directors may at
any time determine All transfers OF
stock shall he made on the books of the
Corporation aud shall he signed by the
stakeholder or his Attorney, who must be
authorized in writing. The Corporation
shall go in operation rs soon as fifty shares
of the stock shall have been subscribed
for and paid in. And the Board OF ID
rpctors shall have right 10 receive sub
script,on to the balance Of said capital
stock until all the shares shall have been
taken M. At all the elections or meet
inps of the stockholders each share Of the
stock shall be entitled TO ono vote. to be
voted by the person in who's" name the
stock appears on the books of The torpo |
ration ut the time of the voting. Attend |
a,co of Is stock holders shall constitute a
quorum.
ARTICLE VI
All corporate powers of this Corporation
and the management and control Of its
business shall he vested in and exercised
by a Board Of Directors, who shall be ciii
zpug Of this State and actual shareholders
Of said Corporation owning III his own
name not less than one share of stock. |
! Said Board shall be elected by n majority
of all the votes east at n meeting to be
held for that purpose on the first Monday
of June of each year after fifteen days
prior notice of said election having been
published in New iberia weekly paper.
The said Board shall be composed of nine
stockholders, which number may be in
creased TO twelve or lcssened to as few as
severity vote of the majority Of shares
present at any call or special meeting OF
the stockholders, whore ID members are
present. The Directors thus elected shall
serve for one year or until their successors
shall have been elected and qualified. No
failure to elect shall operate forfeiture
of this Charter. All elections shall be
conducted under the supervision of three
stockholders to be appointed by tho Board
of Directors from without their number,
for the purpose; and in case of any one OF
said commissioner of election declining
or failing to act, the President shall APP
point another to fill the place. Any va
cancv occurring on said Board shall be
filed by an appointment by the remaining
Directors for the unexpired term. The
Board of Directors shall at its first meet
ing after its election nominate out of its
number a President Vice President, a
Secretary and n Treasurer. Said Board
shall have power and authority to com
bine the functions of Secretary and
Treasurer, and to appoint one officer
therefor.
ARTICLE VII.
Until the election to be held on the
first Monday of June, 1908, the following
named persons shall constitute the first
Board of Directors: Messrs. j. +. Dupuy,
j. w. Sanders, Clarence Duperier, Oscar
Dupre. A. Daigre. II. l.. Smith, II. Il.
Morse, Julius Scharf and A. G. Wilson,
and the said Jules f. Dupuy shall be
President, said Dr. Wofford Sanders shall
be President, said Clarence Duper-
Ter shall be Secretary and Henry f. Su-
berbielle shall be Treasurer. A majority
of the Directors shall constitute quorum,
but all members in the Parish must be
notified.
| ARTICLE VIII.
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts of said corporation in any further
sum than the balance due by him on sub
scription of the capital stock, nor shall
any mere informaity in organization of
this corporation have the effect of render
ing this charter null or of exposing q
| i - nj, " n
the unpaid balance due by him on said
! stock.
| ARTICLEIX.
This act of incorporation may be
changed, modified or altered or said cor
poration may be dissolved, at n special
meeting of the stockholders convened for
that purpose, after fifteen days prior pub
| LEGATION IN New iberia weekly paper
and written notice of this meeting shall
have been given through mail, addressed
to each shareholder at his last known
place of residence, with the assent OF
majority of the subscribed stock of said
corporation.
ARTICLE X.
| This corporation shall be liquidated at
| the end of it's term or at its earlier disso-
| luton provided that a majority OF the
stockholders, both in stock and number, |
shall have agreed thereto at a meeting
| called for that purpose by three COmmiss-
toner's appointed by The Board of Direc-
tors at regular meeting of said Board
said Commissioners shall be stockholders
of said corporation and their compensation
as liquidators shall be fixed by Board on
the day of their appointment Said Com
missioners shall continue to act until the
business Of the corporation shall be en-
trely closed and liquidated and in the
event of death of either or two of them
then the survivors or survivor alone shall
act.
Thus done and passed in my Office in
the City of New Iberia, Parish of Iberia,
State of Louisiana, on the day, month and
year first above written, in the presence
of c. l.. Widney and J. w. Wyche, good
and competent witnesses residing in this
Parish who have signed their names with
the appearers and me, Notary, after due
reading of the whole.
JULES T.. DUPUy,
J. E. SCHwING,
II. E. SUBERBIELLE,
A. w. RIBBECK,
A. G. WILSON,
j. w. SANDERS, M. ID.
FISHER & SoUTHwELL,
". VI. DUfkE,
king Bros,
SMITH, DEBLANC Il
SUBERBIELLE,
JULES DREyFUs
II. GUIDRY,
Ed BOYLE, Mgr,
II. P. ORTMEYER,
p. A. LANDRY,
SAM We'll,
II. Il. MORSE,
J. G. LEBLANC, SR.,
w. J. BURKE,
III. s. SEALY,
&. p. CONRAD,
ULYssE LANDRY,
HOMER DUPRE,
II. F. LEVY,
A. ROsENZwEIG,
+. w. BAUMAN,
JULIUS SCHARFF,
WILLIAM LoURD.
G. l.. WIDNEY, Witnesses.
j. w. WYCHE, ~
F. w. BAUMAN,
D..t