The weekly Iberian. (New Iberia, La.) 1894-1946, 1902-03-29

appoint another to fill his place. The
said Board of Directors shall elect
from their number President and a
Vice. President 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 aud
employees, the same to dismiss or
change at pleasure, sell, convey,
mortgage, pledge, lease and purchase
property, 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 corpo-
ration. Three members of said board,
including the president, shall consti-
tute quorum for the transaction and
management of all business OF said
corporation.
ARTICLE VII.
This act of incorporate n may be
changed, mod1f ed Or altered or said
corporation may be dissolved at a
special meeting of the stockholders
convened for that purpose after fif-
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 capital stock of said
| Association.
ARTICLE VIII.
No stakeholder shall ever be held
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 Directors
to serve until the first Monday o
March A. ,. 1903 viz c. A. McGowen
George j. Labau, H. L. Bracey, J. c
Akerssand, Paul N. Cyr, with the ait
C.. A. McGowen as President and The
sale George J. Labau as V1ce-Pres1
dent
ARTICLE X.
This corporation shall be 1iquidatet
at the end Of this term, or at it's earle
dissolution, provided that three
fourths of it's capital stock shall hav'
agreed thereto at meeting called 70
that purpose, bv three commissioner
appointed by the Board of Director
at regular m. citing of said Board.
Said commissioners shall be stock
holders of said corporation, thei
compensation as liquidators shall b
fixed by the Board on the day of thei
appointment. Said commissioner
shall continue to act until the bushes
of said corporation shall have beel
entirely closed end liquidated, and i
the event Of death of either or two c
them, then the survivors or suv1vo
shall act.
Thus done and passed in my office
in Jeanerette. Parish of iberia. Loulsi
ana, on the day, month and year frs
above written in the presence o
Messrs, CASTOR Domingues and Y.
Poirson. good and competent witness
es. residing in this Parish, who hav
signed these presents with the partie
, and me, Notary, after due reading o
the whole.
WITNESSES:
CASTOR Domingues
v. j. Poirson
c. A. McGowen
i Paul N. Cyr
John E. Bourg
j. G. Akers
q George j. Labau
II. L. Braney
G. A. Poirson
: Porteus X. Burke
. Walter j. Burke
G. A. Peirson,
Notary Public,
u State Of Louisiana, Parish Of
; IBERIA.