The weekly Iberian., 1904-08-13
ARTICLE ".

ARTICLE ".
The capital stock of said corporation
shall be Twenty thousand Dollars
| $3.50, 900. .OO) divided into and repre-
sented by four hundred shares OF fif'S
Dollars $4,000 each. which shall De
issued and paid at such times ana uh'
der such regulations as the Board o'
Directors may determine. Or 1t may
be issued at no less than par In pay
ment of property purchased by or Tor
labor and services rendered said cor
poration. All transfers OF stock shall
be made on the books of the Company
by the stockholders or their duly au-
thorized agents or attorneys s-in-tact.
This corporation shall commence busl-
ness as soon as one hundred ana
twenty shares of the capital stock
shall have been subscribed for.
ARTICLE V.
All the corporate powers OF this cor
poration shall be vested in and eXer-
cired by Board of Directors composed
of five stockholders, each owning one
or more shares of stock Said DircC-
tors shall be elected at general meet
ing cf the stockholders convened for
that purpose on the First Tuesday in
April of each year. And each share
of stock present or represented by
written proxy shall be entitled to one
vote. The election shall be held at
the office of the corporation and not'cc
of said election shall be given by pub
1ication at least 10 days prior to Said
election, in one of the weekly news
papers published in the Town OF New
Iberia, La. Failure to hold an elec-
ton on the day specified shall not dis
solve this corporation but the DIrec-
tors in office shall hold their respec-
tive offices until the election be sub
seouently held, after ten days notice
of the time and place thereof All
vacancies on said Board shall be hlied
Inv the remaining Directors, and three
I Directors present or represented ny
proxy shall constitute quorum ior
the transaction of the business OF the
Company, The Board of Directors
$ shall elect a President and N1cc-fresi-
e dent, and appoint all such agents.
managers clerks. etc, as they may
deem proper, defining their powers
and duties and fixing their compensa-
ton. The following named persons
shall constitute the first Board OF
Directors to serve until the FIRST
Tuesday of April. 1908, or until their
successors have been elected r. L.
Putnam, Lazard King, G. Z. Laugh
lin, r. P. Rlbbeck. and DR.. l. II. Rand
ARTICLE vi.
This act of incorporation may be
10 changed, modified or amended or
g. said corporation dissolved, with the
consent of three fourths of the capital
9 stock of said corporation. at special
=. meeting of the stockholders convened
~ for that purpose, after the same notice
n as provided for election.
4 ARTICLE VII
Upon the dissolution of this corpora
P ton by limitation or otherwise, Its
es affairs shall be liquidated by two
ID commissioners to be elected by the
j. stockholders who, at The same time
IN shall fix their compensation.
of ARTICLE VIII.
1e No stockholder shall be liable or re,
le sponsible for the debts, contracts OF
" faults of this corporation in any fur
OF ther sum than the unpaid balance due
ld to the Company on the shares owned
ID by him, nor shall any mere informally
IN IN the organization have the effect o
le rendering this Charter null, or of ex
C. posing stockholder to liability be
r. yond the amount of his indebtedness
or to said corporation.
er Thus done and passed at my Office
n in the Town of New Iberia, Iberi;
ng Parish, La, on the day, month ant
,ir year first above written, in the pres
ence of Messrs Madison A. Colgin an'
William Bauman competent witnesse
who have signed these presents will
IL the parIleS ana me, NObdTy, dlbeT uu
M reading of the whole. The word in
terlined in and made part of this ac
" and same approved before signing
he l, T. Rand
ed G. c. Laughlin
nd Leopold King
We Lazard King
II, per Leop. King
m. Fernand King
,al r. P. Ribbeck
for E. P. Putnam
rm per G. c. Laughli
for w. B. Kramer
ra- M. A. Colgin
Der VIM. Bauman
/. Edwin S. Broussard, District A
torney for the Nineteenth Judici;
on District of Louisiana, do hereb
ia, certify that l have examined tn
ma, above and foregoing act of 1ncorpor:
ess tion of "Independent Gin Compan.
OF Ltd" which has been handed to N
ab- for examination as to its legality. an
Inc | am of the opinion that the objec
and purposes of said corporation !