New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1903-07-11

members OF the Board or Stockhol,i.r.
The board OF directors shall have tho
power to elect the same person to FIJI anv
| two or more OK the Offices above provided
The said board may make and establish.
as well as alter and amend, any and All
bylaws, rules and regulations necessary
and proper for the support and MANAGE.
ment OF the business and affairs OF ssid
corporation; and the said board shall have
full power and authority to borrow money.
execute mortgages and create Hens, issue
notes, bonds or other obligations, and
generally to do all things reasonable Or
necessary for tho proper carrying on Of
the business OF tho said corporation, asd
also, 40 above provided, to issue and deliver
foil paid shares Of stock for cash or In nav.
msnt Of labor done or services rendered or
property actually received, upon such
terms and conditions as it may see fik,
ARTICLE vi.
At the expiration of this charter, or Ia
the event Of the prior dissolution OF the
corporation, it shall be liquidated BY two
commissioners to be elected by the board
OF Directors from among the stockholders.
and the said commissioners are hereby
vested with full power to sell oil 6he assets
and property, both real and personal Of
the corporation, and TO convey full and
complete title thereto, and to do all acts
essential or proper to full and complies
liquidation Of its affairs and distribution
Of the proceeds, If any, among the stock
holders.
ARTICLE VII.
No transfers Of stock shall be admitted
or held to be valid and binding 80 far q
the company IL concered, unless made on
the books OF the company, and no suchs
sale or transfer shall be valid Ia any event
unless and until sixty days notice shall
DO given to the president Of the COMPANY.
whose duty it shall be to notify all stock.
holders, who within the said period d
sixty days shall have the privilege, ID
proportion Of their respective holdings Of
stock, to buy the stock proposed to v
sold at the price bona ade bid for thes
same, or at the current market price, pro-
vided that the above limitation, upon the
right Of alienation shall not apply to sale
or transfer from ono stakeholder TO another
slockholder; and provided further thot The
said limitation shall not apply to trans- !
for by will or by Inheritance except TO ONE
not member Of Tie family Of the d.
ceased stoskholdsr, but shall apply IN
such case.
ARTICLE VIII.
This sct Of Incorporation may bs Md.
hed, changed or altered, or the said cor
poratIon may be dissolved with the oseoat
Of three lourths Of The capital stock repeo
sented at . general meeting Of the stoos.
holders convened for such purpose, AFTER -
written notice to each stockholdeP mal1o6 s
to him At his usual placo Of yssidenoe
ct least thirty days prior to the date of - Il
ARTICLE TX.
No stakeholder shall ever be held llatlo
for the contracts OF faults Of the said ~
poration In any further sum than the ~
paid balance duo the corporation on ~
shares OF stock owned by him, nor shall ~
mere informally In organization hoyos
the effect Of rendering this charter ~
Or Of exposing any stockholdsr to ~
liability beyond the unpaid amoune -
naming due on bis stock. u
ARTICLE X.
Dudley Avery, Daniel d. Avsry, ID
4. NeIlhenny, Edward 4. MeIlheaSy ~ S.
Joseph r. Clark shall constitute tho A.
Board Of Directors Of the said corporalie
% serve until their successors shell b1y9
'esn elected and qualified, % shove ~
'idsd.
The subscribers hereto have respectively q
written opposite their names the sme.ne q
4 stock In this corporation subscribed fos
'sch Of them, 20 that this act Of incofpol
'tioD may also serve as the original sut.
cription list Of the corporation.
Thus done and passed in my once ~
he Parish Of Iberia, in the presence
,harles Payne Tsnner and Edmond Wal
Competent witnesses OF lawful age, boz
esidepts Of this Parish, who hereunte
Ign their names with said appearers ~
20, Notary, on the day and dste afcre
aid.
DANIEL DUDLEY AVERY, 10 shares,
DUDLEY AVERY, 349 shares,
J. 9. 0LARK, share,
pr Dudley Avery,
4ARGARxT AVERY JOHNSON, ~ shares
SARAH AVERY LEEDS, $40 shares,
Mary e. MoILHINNY, 24e, shares, g.
per +. A. MsIlhenny,
!. A. HclLxENNY, share,
JoHN 4. ncILHENNY, l share.
witnesses, S SDAosD VASE WASH
A. J. MAUNus
by. Clery and TX ofIicio Notary Pab!ie
Attest true and correct copylcf the OF.
n now on file and Of record In my 0mes
J Miss, book No. 4 at folio
In faith whereof witness my dgnasel
nd seal Of Office this 7th day Of July
1, 1908. CHAs. L. PR0vo1g
by. Clerk Of CO.