The weekly Iberian. (New Iberia, La.) 1894-1946, 1903-11-07

| the business affairs OF the said corporation
and the sa Id board shall have full power and
authority to borrow money. execute mortga-
| ges and create liens. issue notes or other OBJ
| legations and generally to do all things
reasonable and necessary for the proper
carrying on of the business OF the said corpo-
ration.
ARTICLE VII.
The Treasurer Manager shall be vested
with full control of the mercantile transac-
| ton or affairs of this corporation TO the end
FOR which II was createo,o by him shall All pur-
| chases and sales OF said corporation be
! checks.
ARTICLE VIII.
This act Of incorporation may be chang
cd. amendeded, altered or modified or ismay
be dissolved by the assent Of a two-thirds
vote at a meeting called for that purpose
ten days previous notice being given to each
stockh Jlder in person or TO his accredited
agent or attorney In fact, or by mail as the
necessity may require.
ARTICLE
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-wit: FB McGowen. NJ b Jackson, G
A McGowen and f q Jackson; with Nc
Gowen as President. and NJ b Jackson as
Vice President. and A McGowen as Secre-
tary, and f K Jackson as Treasurer, who
shall hold their, office until their successors
shall have been elected and qualified as.
above provided.
ARTICLE Z.
This corporation may commence Isiness
as soon as fifty shares OF its capital stock
shall have been subscribek
ARTICLEXI.
No stakeholder shall ever be held liable
for the contracts or faults Of the said corpo-
ration In any further sum than the unpaid
balance due the corporation on the shares Of
stock owned by him, nor shall any mere in
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 j
stock.
ARTICLE Xii.
At the termination OF this corporation |
either by limitation or otherwise. It's affairs
shall be liquidated by two commissioners Sc
lected from among its stockholders at a
meeting called for that purpose composed Of
TO whom ten days previous no.
lice shall DO given in person. to their agents
Dr. by mail, as the case may be. At said time
I'D place said commissioners shall be elect
u by stockholders who shall fix their COM
and define their duties. and a fair
majority shall be- sufficient to elect said COM
provided that each stakeholder
'ast rs many votes as no has shares in said
company, and provided that said commits
toner's shall remain IN Office until the final
liquidation OF the affairs of this corporation.
In the event OF death Of one of the said
the survivor shall continue
0 act.
The subscribers hereto have respectively
1ritten oppOsi heir names the amount Of
took In this corporation subscribed for each
I them, so that this act Of Incorporation
nay also serve as the original subscription
st OF the corporation.
Thus done and Passed In my office, at
eanerette. iberia Parish. State of Louisiana
a the presence OF Charles W RAIDER and Gas
On Domin CUES, competent wiJnessesof law
vi age, both residents OF this Parish, who
ereunto sign their names with said appear
rs and me, Notary on the day and date
fOresnid.
Originally signed,
Mrs b McGowen, % shares.
GA McGowen, shares,
Personally 10 authorize my wife.
Jackson, o. sharer,
ER Jackson, s shares,
Personally to authorize nv wife.
'itnesses
CASTOR Domingues,
Charles W RAIDER.
GA POiRSON,
Notary Public. ,
II