New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-02-27

ny such. regulations as the Board of ID
CO rectcrs may determine or it may b
le issued at not less than par in paymeI
n of property purchased by or for labo
he and service rendered the said corpora
i, ton which shall not begin bushes
r until one hundred shares of the CAPT
CO tai stock shall have been subscribed.
All transfers of stock shalt be made OF
the books of the company and shall
IL be signed by the stakeholder or hi
RS attorney.
y The corporation shall commences
- business as soon as one hundred share
OF the capital stock shall have beel
i subscribed for.
20 At all elections by or meetings OF
" the stockholders each share of the cap.
ital stock shall be entitled to one vote
to be voted either by the person in
whose name the stock appears upon
- the books of the corporation at the
Time or the voting, or by his agent or
proxy duly. authorized in writing to
Il that effect
ARTICLE VI.
The business and affairs and corpor-
ate powers OF the corporation shall
, be transacted by board of five direc-
tors, to be composed of stockholders
thereof, to be elected by majority of
all the votes at a 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 ssors shall
have been elected and qualified.
All elections shall be conducted
under the supervision of three mem
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 |
President and Vice President who |
shall serve until their successors are |
elected and qualified The Board of Di-
rectOrs shall have power to fill vacan-
cles occurring in the Board They shall
make such bylaws, rules and regula-
tions as they think proper for the
transaction of the business and the
affairs of the said corporation. and
change, alter and amend the same at
pleasure, appoint and fix the salaries
OF all officers, clerks and EMPLOYEES.
the same to change or dismiss at pleas
ure, sell, convey, mortgage, pledge,
lease and purchase property movable
immovable and personal, borrow
money, issue notes and bonds, make
contracts and sign or cause to be
signed all necessary acts, deeds, etc, !
and do all necessary things to be done /
IN the management of said business as
may be permitted by laws applicable
to corporations =
Three members of said Board shall Il
constitute quorum for the transaction q
and management of all business of said {
=
ARTICLE VII. il
This act of incorporation NAV be q
modified or altered, or the n
said corporation may be dissolved Mt a D
special meeting Of the stockholders G
convened for that purpose after fifteen u
days prior notice by publication in a n
weekly newspaper published in the p
Clty OF New Iberia with the assent of
three fourths of the capital stock of NJ
said corporation. oott
ARTICLE VIII. CT
No stakeholder shall ever be held al
liable or responsible for the contracts re
Or faults of said corporation in any 10
urther sum than the unpaid balance %
iue by him on subscription to the mr.
'apital stock, nor shall mere in formal 70
ty in organization have the effect of b ~
enderlng this Charter null, or of ex. ne
losing stakeholder to any further Ju
liability than the unpaid balance due So
n said stock. =.
ARTICLE TX. en-
The following named persons shall thu
onstitute the first Board of Directors ms
D serve until the fourth Monday in Az
'ebruary, A. D. 1905, viz: Leon de.
'reyfus, Jules Dreyfus Maurice Ber-
erie, @. E. Reynolds, and J. p. Sub tir'
rbielle, with the said Leon Dreyfus h taS
President and the said G. E. Roy |
olds as Vice. President. to
ARTTCTE an(
This corporation shall be liquidated
!; the end Of its term, or at it's earlier -
ssolution, provided that three
urths of the capital stock shall have
freed thereto Mt meeting called for
at purpose, by three commissioners /
pointed by the Board of Directors
q regular meeting OF said Board, :,
i'd commissioners shall be stockhold- .ha'
$ OF said corporation and their COM Sue
nsation as liquidators shall be fixed flied
the Board on the day of their APP acct
intment. Said commissioners shall s r'.s
ntinue to act until business of the nj
operation shall be entirely closed or maj
LuAu0bOu, aHu III buc cNcnb VI blc
ath or resignation Of either or two ~
them, then the survivors or survi- IA
r shall act. judi
Thus done and passed in my Office re-
New Iberia, Iberia Parish, Louisi-
q, on the day, month and year first -
ove written, in the presence of
ssrs. j. r. Perry and f. E. Del ~
MINER, good and compent witnesses, M
iding in this parish, who have M
ned these presents with the parties -
me, Notary, after due reading Of ~
whole. p
est
I. r. Perry,
J. E. Delhommer.
LEON DREYFUS,
JULES DREYFUS,
MORRIS BERGERIE,
G. f. REYNOLS, -
]. p. SUBERBIELLE. IS ~
n w RAJIMAN