The weekly Iberian. (New Iberia, La.) 1894-1946, 1902-04-05

appoint another to fill his place. The !
said Board of Directors shall elect
from their number President and d
Vice-Presldent who shall serve until !
their successors are elected and quail |
fed.
The Board Of Directors shall have
power to fill vacancies occurring in the
Board. They shall make bylaws,
rules and regulations as they think
proper for the transaction of the bust
ness and affairs of the said corpora
ton, and change, alter and amend
the same at pleasure, appoint and fix
the salaries of all officers, clerks and
employees, the same to dismiss or
change at pleaeure, sell, convey,
mortgage, pledge, lease and purchase
property, NOV able, immovable, and
personal. borrow money, issue notes
and bonds; make, contracts and sign
or cause to be signed all necessary
acts, deeds, etc, and TO do all neces-
sary things to be done in the mana
cement of said business or may be
permitted by laws applicable to corpo-
ration. Three members ofsaid board
| including the president, shall constr
tute quorum for the transaction and
management of all business OF said
corporation.
ARTICLE VII.
This act of Incorporate n may be
changed, modified Or altered or said
corporation may be dissolved at a
special meeting of the stockholders
convened for that purpose after tif-
teen days prior notice by publication
in a weekly newspaper published IN
the town of Jeanerette, Parish OF
Iberia, La, with the assent of three
fourths of the capital stock of said
Association.
| ARTICLE VIII.
No stakeholder shall ever be helC
liable or responsible for the contracts
or faults of said corporation in any
further sum than the unpaid balance
due by him on subscription to the
capital stoc K, nor shall any mere in
formality in organization have the
effect of rendering this charter null
or of exposing stakeholder to any
, further liability than the UNPAID
| balance due on said stock.
ARTICLE TX.
The following named persons shall
constitute the first Board of Director
to serve until the first Monday 0
March A. ,. 1909 viz c. A. McGowen
) George ]. Labau, H. L.. Braeey, j. {
Akerssand,- Paul N. Cyr, with the All
(, C. A. McGowen as President and tn
sale George J. Labau as Vice Pres1
dent
ARTICLE X.
This corporat1on shall be 1iquidate
at the end of this term, or at its earle
dissolution, provided that tire
: fourths of its capital stock shall hav
:, agreed thereto at a meeting called TO
that purpose, by three commissioner
appointed by the Board of Director
> at regular m. citing of said Board.
Said commissioners shall be stocl
holders of said corporation, the
compensation as liquidators shall b
fixed by the Board on the day OF the
: appointment. Said commissioner
shall continue to act until the bushes
of said corporation shall have bee
entirely closed end 1iquidated. and
: the event of death of either or two
them, then the survivors or suvivt
shall act.
Thus done and passed in my offic
in Jeanerette, Parish of iberia, Louis
ana. on the day, month and year fir
above written in the presence {
Messrs, Gaston Domingues and Y.
Poirson. good and competent witnes:
es, residing in this Parish, who ha,
signed these presents with the parti
: and me, Notary, after due reading {
the whole.
! WITNESSES:
!. CASTOR Domingues
v. j. Poirson
c. A. McGowen
Paul N. Cyr
John f. Bourg
j. c. Akers
III George J. Labau
! II. l. Braney
g. A..Pofrson
Porteus r Burke
Walter j Burke
G. A. Poirson,
- Notary Public,
:. State Of Louisiana, Parish Of
= IBERIA.
OF I, the undersigned do hereby Ger
Ill fy that / have examined this. t