The weekly Iberian. (New Iberia, La.) 1894-1946, 1902-04-19


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 ana Tx
the salaries of all officers, clerks ana |
employees, the same to dismiss or
change at pleasure, sell, convey,
mortgage, pledge, lease and purchase
nropertv, movable, 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 eorpo-
ration. Three members ofsaid board,
including the president, shall consti-
tute a quorum for the transaction and
management of all business OF said
corporation.
ARTICLE VII.
This act of incorporate n may be
changed. mod1 ed or altered or said
corporation may be dissolved at
specia1 meeting of the stockholders
convened for that purpose after tif-
teen days prior notice by publication
in weekly newspaper published IN
the town of Jeanerette, Parish OF
Iberia, La, with The assent of three
fourths of the cPpital 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 thu
. capital stoc k, nor shall any mere in
formality in organization have thu
effect of rendering this charter null
, or of exposing stakeholder to an.
E further liability than the unpai'
4 balance due on said stock.
s ARTICLE TX.
The following named persons shal
e constitute the first Board of Director
! to serve until the first Monday {
: March A. ,. 1903 viz c. A. McGower
; George J. Labau, H. L. Bracey. j. {
e Akerssand, Paul N. Cyr, with the al
), c. A, McGowen as President and tn
/ sale George J. Labau as V1ce-Pres
dent
" ARTICLE X.
This corporation shall be 1iquidate
at the end of this term or at its earle
dissolution, provided that thre
- fourths of its capital stock shall ha,
:. agreed thereto at meeting called fl
that purpose, by three commissions
y appointed by the Board of Directo
= at regular meeting of said Board.
- Said commissioners shall be stoc
: holders of said corporation, the
= compensation as liquidators shall
fixed by the Board on the day OF the
= appointment. Said commissions
: shall continue to act until the busine
of said corporation shall have be-
= entirely closed and liquidated, and
- the event of death of either or two
:. them, then the survivors or suv1v
shall act.
Thus done and passed in my oftit
in Jeanerette, Parish of Iberia, LouI
-. ana, on the day, month and year I'll
above written in the presence
Messrs, CASTOR Domingues and V.
= Poirson. good and competent witnes
: es, residing in this Parish, who ha
signed these presents with the part
- and me, Notary, after due reading
the whole.
- WITNESSES:
CASTOR Domingues
- V. j. Poirson
C. A. McGowen
Paul N. Cyr
!. John F. Bourg
- j. G. Akers
George j. Labau
=. II. L. Braney
- G. A. Poirson
Porteus r. Burke
Walter j. Burke
G. A. Poirson,
mo Notary Public,
ss,