New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-02-27
same or similar lines Of business.
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same or similar lines Of business.
ARTICLE ~.
Hundred THOUSAND Dollars divided into. and
represented by one Thousand shares Of the par
value Of one hundred dollars each. No certificate
of stock shall be issued until the same shall have
been paid in full in cash, property, such other
equivalent as the Board OF Directors may deter.
mine The stock shall be evidenced BY certificates
corporation as tie Board Of Directors may desis :
nate and shall be transferable only on the books
made on said books, II the holder thereof is in.
debted to this corporation. until such debt shall
have been paid and liquidated. Should any stock.
holder desire to sell his stock, he shall, before
offering same for sale, give notice thereof to the
Board of Directors who shall call meeting Of
the stock holders Of this corporation within ten
1 days from the receipt of said notice, and should
the said stockholders desire to purchase said
offered stocks they will be entitled to an option
meeting for the purchase of said stocks, at the
last preceding inventory value of said stocks II
l the said stockholders should then become the
purchasers of said stocks, they shall have the
| right to dispose of same as the majority of said
Board of Directors might determine.
be vested in a Board of Directors composed Of
| three stockholders, elected by majority of the
stockholders thereof at an election to be held
4 therefor on the first Monday of March each year,
| or at such times us may be necessary conven.
| lent; who shall hold Office for the term OF one
year, continue in Office until their successors
| shall have been elected and indicted into office
/ In case of failure to elect said Directors the
| day hereinabove fixed such other day as
| may have been decided upon, this corporation
| shall not be dissolved but the incumbent Direc
tors shall continue In Office, until succeeded by
subsequent election as hereinaboye declared
The first Board of Directors shall be elected by
the stockholders Immediately upon signing of
this act. and without other fOrmaties. II any
| member or members of the Board of Directors
should die during his, or their term Of office, his
or their executor. administrator, other legal
representative shall Immediately become q mem.
Der of said Board Of Directors, or may designate
in writing, some agent to act as such member or
members until the next election of Directors.
ARTICLE vi.
The Board Of Directors shall have power to fill |
all vacancies, except as stipulated In Article v,
occurring from any cause In the offices OF this
poration The Board of Directors shall have
power to make, adopt, or change. alter, amend, !
or repeal, all such rules and regulations for the
conduct and management and business Of this /
corporation as they may deem proper. To ap-
point from time to time. such officers. clerks,
proper and convenient and the same to Dismiss at
plsasurei to make gezsT.i and special provisions
for the filling Of any of'ces, during temporary or
acts pertinent to the objects and purposes Of this
sorporationI and In exercising such powers the
Board OF Directors may act either directly, or
with general or special authority. Any member
of the Board Of Directors may be represented by
proxy and majority Of the Board in number,
Board. ALI salaries shall be fixed BY the Board
Of Directors: and 1t shall be vested with author.
lily to employ and to discharge employees as it
Board shall be decided By majority vote Of the
members present, each member having vote in
his capacity as member Of said Board but not a
second vote when there shall be q tie.
ARTICLE VII. Il
The officers Of this corporation shall consist Of
president and vice president. elected from the
rer which may be combined In the same person, |
elected by the Board of Directors at their erst
meeting after their election. The officers thus
OF the president and vice president, the secretary
and treasurer shall be the regular duties usually
performed by such officers and such special duties
ARTICLE Viii. I
The annual meeting Of the stockholders of this
corporation shall be held on the first Monday of
March Of each year, at the office of said corpora
lion; notice whereof shall be given at least ten
lays In advance. Special meetings may be called q
~ the president or IN his absence or inability to
vet, by the vicepresident or by petition signed
~ majority Of the stockholders Of this corpora.
don. The regular meetings of the Board OF Di- 3
ectors shall be held monthly ON the first Wednes. s
line as may be designated by the officer calling
anne; all said meetings to be held at the Office OF
aid corporation unless otherwise consented to
or obvious reasons by the members Of said d
board.
ARTICLE TX Ia
At its dissolution whether by liq o. from
vhstever cause, the affairs Of this corporation
hall be liquidated by one or more commissioners d
lected by majority Of the stakeholder OF the |
o Or Ct meeting held nr that purpose. u
nch stakeholder. Said commissioners to remain I VI
Office until the sairs Of said corporation shall m
ave been finally hquidated: and should va :,
lied by q vote OF the majority Of the stock n,
olders The compensation FOR said commission. r.
the election Of said commissioners. T.,
ARTICLE X. Of
Ten days written notice delivered In person or ri
allied to each stockholder. addressed TO him At y.
IS residence or place Of business shall be given til
advance OF every meeting Of the stockholders -
divided 10 this charter, but said notice may be W
,lders. expressed in writing before the meeting al
at the meeting sh%aS sailed L 1, au
This corporation shall when one hundred shares
ereof shall have been subscribed, commence
siness.
ARTICLE XII sh
Each stakeholder shall be entitled to ona vote
every share Of stock held by him In the cleo SCI
IN for Board OF Directors. do
ARTICLE XIII w
No stakeholder OF this corporation shall be held Su
BILE responsible for its contracts or faults in
y further sum than the unpaid balance due as
the share Of stock held by hfmi nor shall any mi
n have the effect Of rendering this charter null TIN
OF exposing any shareholder to any liability oh
yond the amount Of his stock. ch
ARTICLE XIV ra,
Fhis act OF Incorporation may be changed mod.
d or altered by a majority In amount Of the shi
'ital stock, Expressed at meeting specially hu
er ten days written notice given a. above pro- all,
ed, however, that any change, alteration, dis.
1tion, or liquidation may be accomplished i'm. ira
dlately and without formality BY the unani. l. :.
rs, written consent Of all the stockholders. oot
change In reference to the increase Of the al o
ital stock which Ia herein provided for and
ss g 70; shall be made tn the manner pro- ney
hus done passed. consented, and signed at INV
&c, In the City Of New IBERIA Parish Of Iberia bus
IA faf Inn He'll 49, H.
above written, in the presence Of Msssrs. stO'
tier Laperouse and Donald MesIayer good and
'petent Witnesses OF lawful age. reading in
parish. TO me well knowu who with parties the
signers to this act of Incorporation have
led these presents with and before me the IN stO<
led notary public after due reading Of the no
Signed: nan
II. L. SMITH,
A. A. DEBLANC, OF
nesses, A.d' subERBikLLE. votl
Wal WATER / L!AApdIRR0usE aut
20. HACKER. Notary Public.
State of Louisiana, Parish Of Iberia.
the undersigned clerk Of court Of the 18th
cial district Of the state Of Louisiana in and traf
he parish OF Iberia do hereby certify that the Ia
ra e 4 %
Z was this day recorded in my once In book -
OF miscellaneous At page -. a. required so'e
CHAS L. PROVOST. Puil
Deputy Clerk Of Court. OF {
State of Louisiana, Parish Of Iberia cleo
January 20, 1904 iii
he undersigned notary public, do hereby Ger.
he above and foregoing to be true and cor. elect
.0py OF the original act OF incorporation 81 (, !,
SMITH, DBBLANC D SUBEbBIELLF. shal
h ana ma so .S o. ne certificate of the es.k
he'd ON Ale and Of record II ny ONES. by
: 1-A' A'''s' ra0he purp
lS SInsg q Hon,s,sns' R:ssh Of dbssia Com
judicial di:tsiet q e. Stats q loslsass. fall
that have earsfniy sssnsned g g. ssso poin
'rezoing act Of Incorporation the "00ITH. sa;d
sAhC SUBERBIELLE, Hmised. ]" that 80.