New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1903-06-20

stock may be issued Ia accordance with
the Constitution Of the State Of Louisiana,
for cash. or for work done, or for services
rendered to the Company, or in The ne
QUESTION Of property necessary for the
Company may be issued by The Board OF
Directors when In their judgment II n
necessary and proper and shall he issued
Mt such times and places, mud upon such
terms Of payment ns tho Board of Direct.
ore may determine. #
hltTlcLE VI.
The Company may begin business, and
shnll be declared going concern when
five hundred (500) shares of the capital
stock shall hive been subscribed.
ARTICLE VII.
Tho capital stock of this corporation
mny be decreased or increased by a vote
Of the Stockholders Of the corporation at .
general meeting OF The Stockholders
called for that purpose, in the manner and
after the publication and notice required
by law.
ARTICLE WI. $#4
The officers of said corporation shall be
President, First President, u
Second ee.Prosident, a Secretary and
Treasurer, and an Assistant Secretary and
Treasurer, who slIall also be the Auditor.
These officers shall be elected by the Board
Of Directors. out Of their own number !;
provided tho Board Of Directors may, II
they see ft, elect Secretary and Treas.
urer, and nh Assistant Secretary snd
Treasurer and Auditor not Of their own
n,imber. Mr.. Gilbert l.. Hall shall DO the
President, Mr. John II. Hill the First
Vice President, Mr.. Henry Il Hill the
second Vice President, Mr.. Garrett Eli
son tho Secretary md Treasurer, and Mr.
Ar!Eurv Robertson the Assistant Secretary
and Trensnrer and Auditor. These officers
shall hold office until the first Monday Of
March, A. u. 1905, or until their succas-
sors are elected aud qualified.
ARTICLE TX.
Whenever this corporation is dissolved,
either by limitation or from any other
cause, its affairs shall be liquidstod by
two Commissioners selected by tl,s Stock
holders, Mt A general meeting Of tho Stock
heiders convened for TINT purpose, After
ton t10) days prior notice thereof snal
have been given by the Secretary 70 eael
Stakeholder, by written notice sont TO HIM
by mail or otherwise and directed 70 ms
last known donieilo or place Of business,
and by vote VI the majority OF the cap
tai stock Of SAID Company. The said Com
missioners shall remain In Office until the
affairs Of said corporation are fully li4ni.
dated. In case Of the death Of either "
sad Commissioners tho survivor sliaIIs
continue tq net alone. Ia
aA 1M ARTICLE X. s
This net ofincorporntion may be chapgeds
altered or modified, or this corporauen
may be dissolved, by vote Of the eapltal
stock Ok said cooperation at general
meeting called for that purpose, after ton
days written notice hereof shall have been
giver by the Secretary 10 each Stool
holder, directed to bis last known domieiles
or place OF business, stating the object of
such meeting. ag N @ $50
ARTICLE XII.
No stoekholdor shall ever be held liatns
Or responsible for the faults or coutreoss
Of said corporation in any furtfef
sum than The unpaid balance due On
the shares OF stock owned by him ~
shall any mere informally In the
organization have the effect Of rendeneH
Stakeholder liable beyond the amouet
duo on his stock 0s..On aecount Of the ~
nullng Of this Charter. .6
Thus done and passed in my Office ~
the City of New Ibcfia Parish of Ibsfiaf
State OF Louisiana; on the day, month I'D
year herein first above written In the ~.
sence OF Messrs. Melvin w. Fisher And
Mercer Gaudet, competent witnesses, w
have boFeunto signed their names Win
Tho said Appearsfs sAid me, Notary attes
reading Of the whole.