New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-03-12

attorney.
The corporation shall commence
business As soon lis one hundred share
of the capital sNorl, shall have Doe,
subscribed for
Al all elections by ar meetings o
the stockholders each share ct thn cap
ital stool, shall be- entitled to one yot,
to be voted either hy tile person il
whose name thn stool appears upon
the books 81. thn curnimiou ~ the
time Il the voting. or by lis agent o.
proxy duly authorized in writing tc
that effect
ARTICLE VI
The business and affairs and c0rpor
ate powers Of the corporation shall
be transacted by board of five dircc-
tors, to be composed Of stockholders
thereof, to be elected by majority of
ell the votes at II meeting to be held
for that purpose on the fourth Mon
day of February of each year. The
Directors thus selected shall serve for
one year or until their succe< sors shall
have been elected and qualified
All elections shall be conducted
under the supervision Of three menu
bers to be appointed by the Board of
Directors for that purpose and in case
of any one of said commissioners Of
election declining or failing to act.
the President shall appoint another to
fill the place The said Board Of Di-
rectOrs shall elect from their number
a President and Il Nicc-President who
shall serve until their successors are
elected and qualified. The Board of Di-
rectors shalt have power TO fill yacan-
cies occurring in the Board. They shall
make such bylaws, rules and regula-
lions as they think proper for the
Of the business and the
affairs of the said corporation. and
change, alter and amend the same at
pleasure, appoint and fix the salaries
If all officers, clerks and EMPLOYEES.
The same to change or dismiss at pleas
ire, sell, convey. mortgage, pledge.
ease and purchase property movable
mmovable and personal, borrow
money, issue notes and bonds. make
contracts and sign or cause to be
igned all necessary acts, deeds, etc.
nd do all necessary things to be done
Il the management of said business as |
nay be permitted by laws applicable |
o corporations.
Three members of said Board shall |
quorum for the transaction |
nd management Of all business of said |
ARTICLE VII
This act of incorporation may be .
hanged, modified or altered, or the
aid corporation may be dissolved at a
pecial meeting of the stockholders
Onvened for that purpose after fifteen
avs prior notice by publication in a
'eekly newspaper published in the
ity of New Iberia with the assent of
lree fOurths of the capital stock of
lid corporation.
ARTICLE VIII.
No stakeholder shall ever be held
able or responsible for the contracts
faults of said corporation in any
lrther sum than the unpaid balance .
lie by him on subscription to the
Ipital stock, nor shall mere in formal !,
y in organization have the effect of !
nder1ng this Charter nail, or of ex- I
'sing a stakeholder TO any further !
ability than the unpaid balance due $
said stock. =
ARTICLE TX. Q
The following named persons shall t
institute the first Board of Directors l
serve until the fourth Monday in u
'bruary A. d, 1905, viz: Leon d
'eyfus, jules Dreyfus Maurice Ber
rie, @. e. Reynolds, and J. p. Sub q
belle, with the said Leon Dreyfus u
President and the said G. e. Rev
Ids as V1ce-President. t.
ARTICLE X. o
This corporation shall be liquidated
The end OF It's term, or at its earlier e.
solution, provided that three
lrths of the capital stock shall have
reed thereto at meeting called for
1t purpose, by three commissioners
pointed by the Board of Directors i
a regular meeting of said Board.
q commissioners shall be stockhold-
of said corporation and their com ef
lsation as liquidators shall be fixed ~ u
the Board on the day of their ap n
ntment. Said commissioners shall PC
tinue to act until business of the be
poration shall be entirely closed or -.
lidated, and in the event of the tb
tn or resignation of either or two pu
hem, then the survivors or suryi pc
shall act.
nus done and passed i'll my office Fe
New Iberia, Iberia Parish, Louisi-
, on the day, month and year first
We written, i'll the presence of
ISIS. j. R. Perry and f. f. Del S
inner, good and compent witnesses. w.
ding in this parish, who have ~i;
led these presents with the parties -
r
me, Notary, after due reading of
whole
,st: n
r. Perry, A
f. Delhommer.
LEON DREYFUS, u
JULES DREYFUS,
NORRIS BERGERIE,
G. L. REYNOLDS. Ne'