The weekly Iberian. (New Iberia, La.) 1894-1946, 1903-12-26

the business affairs of the said corporation
and the said 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-
tion or affairs Of this corporation to the end
for which 1t was created,by him shall all pur-
chases and sales of said corporation be
effected. He shall draw and sign its
checks.
ARTICLE VIII.
This act of incorporation may be chang
ed. amendeded, altered or modified or it may
be dissolved by the assent of % two-thirds
vote at a meeting called for that purpose;
ten days previous notice being given to each
stockh ,lder in person or To his accredited
agent or attorney in fact, or by mail rs the
necessity may require.
ARTICLE XIV.
Until the election to be held on the sec
ond Monday of July, 1908. the following per-
sons shall constitute the first Board Of Direc-
tors to-wit: FB McGowen, NJ b Jackson, q
A McGowen and r Il jackson; with 4 Il Me
Gowen as President. and NJ B Jackson as
Vice President. and g A McGowen rs Seere-
tary. add T. K Jackson ms 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-
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
formality in organization have the effect of
rendering this chatter 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 IFS stockholders at a
meeting called for that purpose composed of
stockholders, 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
a d place said commissioners shall be elect
ed by stockholders. who shall fix their COM
pepsation and define their duties, and fair
majority shall be su fficient to elect said COM
nissioners provided that each stakeholder
cast as many votes as he has shares in said
company, and provided that said commits
sloners shall remain In Office until the final
liquidation of the affairs Of this corporation.
d In the event OF death of one OF the said
commissioners, the survivor shall continue
to act.
The subscribers hereto have respectively
written opposite their names the amount of
stock In this corporation subscribed for each
Of them, so that this act of Incorporation
may also serve as the original subscription
list OF the corporation.
Thus done and Passed in nv office, at
Jeanerette. Iberia Parish. State of Louisiana
IN the presence OF Charles w RAIDER and Gas
ton Domin CUES, competent wilnessesof .aw-
full age. both residents of this Parish, who
hereuDto sign their names with said appear
ers and ine, Notary. on the day and date
aforesaid.
Originally signed,
Mrs b McGowen. a5 shares,
g A McGowen, 5 shares,
Personally to authorize my wife.
M d Jackson. e5 sbarer,
T. r Jackson, 8 shares
Personally TO authorize nv wife.
Witnesses.
CASTOR Domiugues.
Charles w RAIDER.
CA POiRsON.
Notary Public.