The weekly Iberian. (New Iberia, La.) 1894-1946, 1903-11-28

the business affairs OF the said corporation
and the sa i'd board shall have full power ant
authority to borrow money. execute mortga
| ges and create liens. issue notes or other 90
| legations and generally to do all thing
| reasonable and necessary for the prope
| carving on Of the business OF the said corpo
ration.
ARTICLE VII.
The Treasurer Manager shall be vested
with full control OF tire mercantile tfansac
| ton or affairs OF this corporation 70 the enc
for which IL was creased,oy MN sna!! Az pul
chases and sales OF said corporation o.
effected. He shall draw and sign III
checks.
ARTICLE VIII.
This act OF Incorporation may be chang
ed amendeded, altered or modified, or IL may
be dissolved by the assent OF tWo-thirds
vote at a meeting called for that purpose
ten days previous notice being given to eacf
stocth ,lder In person or to his Accredited
agent or attorney in fact, or BY NAH as the
necessity may require.
ARTICLE XIV.
Until the election TO be held ON the Sec
ond Monday OF July, 1903 the following per
sons shall constitute the first BOARD OF Direc'
tors, to-w.t: FB McGowen, NJ Jackson,
McGowen and e r Jackson; with + b Nc
Gowen as President, and nj B Jackson as
Vice President. and G A McGowen as secre-
tary and K Jackson as Treasurer, who
shall hold their office until their successors
shall have been elected and qualified as
above provided.
ARTICLE X.
This corporation may commence b isiness
as soon AS fifty shares OF its capital stock
shall have been subscriber.
ARTICLEXI.
No stakeholder shall ever be held liable
for the contracts or faults CT the said corpo-
ra ton in any further sum than the unpaid
balance due the corporation on the shares OF
stock owned BY him. nor shall any mere in
formality in organization have the effect OF
rendering this charter null, or OF exposing
any stakeholder to any liability beyond the
unpaid amount remaining due on his
stock.
ARTICLE XII.
At the termination OF this corporation,
either by limitation or otherwise, its affairs
shall be liQuidated by two commissioners Sc
lected from among its stockholders at
meeting called for that purpose, composed Of
to whom ten DAYS previous no.
tice shall be given In person. to their agents
Or by mail, as the case may be. Atsaid time
place said commissioners shall be elect
81 by stockholders. who shall tx their COM
pensation and define their duties and fair
majority shall be- Sufficient to elect said COM
nissiOners, provided that each stakeholder
cast as many votes as he has shares in said
and provided that said commits
;ioners shall remain in Office until the final
OF the affairs Of this corporation.
I In the event OF death Of one Of the said
the survivor shall continue
% act.
The subscribers hereto have respectively
written opposite heir names the amount OF
tock In this corporation subscribed for each
II them, SO that this act OF incorporation
nay also serve AS the original subscription
ist OF the corporation.
Thus done and Passed 10 my Office. at
Iberia Parish, State OF Louisiana
a the presence Of Charles W RAIDER and Gas
on Domin CUES, competent witnessesof law
ul age, both residents Of this Parish, who
lereunto sign their names with said appear
rs and me, Notary. on the day and date
lforesaid.
Originally signed,
Mrs F B McGowen, a5 shares,
o. McGowen. S shares.
Personally to authorize my wife.
NJ B Jackson, 85 sharer.
E L jackson, S shares,
Personally to authorize my wife.
Witnesses:
CASTOR Domingues.
Charles W RAIDER.
ca POlRsON,
Notary Public. |