New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-03-05
same or similar lines of busiuess.
RTICf.E ~


renresented bv one thousand shares of the par
y.fue Of one hundred dollars each. No certificate
AZ stoct shall he issued until the same shall have
Laen Maid in full in cash property, such other
o,iyaaIant as the hoard Of Directors may deter
nine The stock shall be evidenced by certificates
issued and signed by such officers of this
corporation as the Board of Directors may desig
nate and shall be transferable only ON the books
If tbis CORPORATION Nc transfer of stock shall be
made on said books If the holder thereof is In
debcd to this corporation, until such debt shal
have been paid and liquidsted. Should any stock
holder desire to sell his stock, he shall, before
offarp, same for sale give notice thereof to the
Roard OF Directors who shall call a meeting OF
the stock holders of this corporation Within ter
DAYS from the receipt of said notice, AMI should
tho 4nd stockholders desire to purchase shid
offered stocks, they viii be entitled TO an option
of thirty days rom the date OF hnIding OF sao
meeting for the purchase or said stocks, at ~,
last preceding inventory value OF Sall STOCKS. ~
the sid stockholders should then become th'
pur hascrs of said stocks th"y snan hoIe w
right t" dispose "i same rs me majority "l Na'o
iuGrd Of Directors my thetcImlh"
AklltIt v ,
The corporal" powers 81 thlS r"rP"fhuoh snu
loo vested IN Board OF directors c"mP"Se" ~
three stockholders, elected iN " hoJ"i'tS o. Wy
stockholders th"r""t at an election 10 9e nero
hereiur, ON tue hrst MONDAY Oh Nhrti eh'n YEN.
~ at sueh 'mrs hN may We -, w 80 ,,
tht WI" EhAi' h"i" ou''t iII w ", ", ".
year, or continue IN once uhti tnti, ~
shall have been elected ana lnonelea ,lto ""1 ,
In case 90 taihre Iu e,ett N"Iu u, ~,
day hef'inho"Ne hNt,'' or on su ~, 80. ; , :; .,
may nave been ucciutu uPpn' .',n ~, ILL.,
shall not be dissolved pu, the lntunoen. pi.ec
tors shall roht'hu" III "u,'e, untt s''' $500
Smhscqten, e,sctt'n as shan ho elected nv
me nrs' h tT, % eJ,otSIy "'on signirg q,
the stockh"i"etS in,'"e,ip.eis uP S' Is
this act, ana With"nt "thet i3,"ai'tts II "i'y
member or hienh1eas " h tne tofr ofiee lie
should dle nuilne his, or me-. tt" VI III,
or thelf eNe'"t9' "oih1ni s..I VI ~. s
representative shaii linheu'ateS "t1onie hio',
Der of SAID bohth Oh i'nectois, VI may
in writing some agent 20 az as suIn natn.oe' ~
members uh'il the mex t Hie ~ ~, VI p'ec"'s
an. or !, - :. a,
The BOARD OF directors shhIt my po"e, " " "
all vacancies, except as stp4iatea III s. ~
occurring from any c"use III tno oihcoSo u ,S WI
poration, The Board OF directors shall nave
power to make, adopt, OF ehahge aterl aiile NJ
or repeal, al such ruleS aha lsauintluns i4r ih.
conduct aud management anu business ~ ~ UNI
corporation ~ they may deem proper 10 up
point from time to time, such oihcefs' CLERKS
agents, and other employees as they may ueem
proper ana convenient ana the same 10 DISMISS ~
pleasure; to make general and special provisions
for the filling of any offices during temporary o.
inability to act 10 borrow money ana 10 no ~
acts pertinent 10 the OBJECTS anu Vi ,ni'
corporation; ana In exercising such powers the
Board or directors may ACT eithet utechyr. VI
through such officers or agents AS II may appoih'
With general OF special authority. Any member mem r
OF Inc boafd Oh preutors ua3 ne t i u'
shall constitute quorum at all meetings OF tht
Board All salaries shaii DC hXeu ny the hVeiu
OF Directors ana IL shali De Yes'ea WIN au'not
| ity to employ ana To dlschafge employees us ~
may see NJ. All quesuohs arising peiore saio
Board shall DO decided by a majority vote OF tne
members present each memnef having voto ~
his capacity as member OF sald BOARD nut not
second vote wheh there sha' DC We
ARTICLE VII
The officers OF TINS corporation Shail consist o
president and vice president elected rom .n'
Board OF Directors also secretary anu tleasu
| rer, which may be cohbIhed III the Same person
elected by the Board OF Directors AT thelr mrs.
meeting after thelr eiectloh. 4he ol H tnn'
elected shall serve as apoVe pipVihed Inc uueie'
of the president and wee president, the secretary
aud treasurer shail ns the regular nutles usual,
performed by such oiheets ana suen spec'ai u"''e'
| as the Board of DiTlGtors may designate
| AhllcLh VIZ
The annual meeting OF tue stoesHolusfs % shli
| corporation shall be held On the hrst MONDAY o.
March of each year at the ONCE OF sald corpora
tionj notice WHEREOF shail De gwen at ,east Iei
| days in advance. SPeciai meetings may Ve cahet
act by the vice president, or by petition signed
by majority of the stockholders OF TINS corpora
| ton. The regular meetings OF the board OF III
rectors shall be held monthly on the first Wednes
| day Of each mnnth' Special may be neld AT suct
| time may be designated by the othcer calling
same: all said meetings to be held at the ofhee o.
said corporation unless otherwise consented e
| for obvious reasons by the members OF SAFE
Board. -
ARTICLE TX.
At its dissolution, whether by liquidation or IRON
| whatever cause the affairs OF this corporation
shall be llquidated by one or more commissioners
| elected by majority of the stockholders OF th'
| corporation at meeting held Tor that purpose
ten days previous notice in writing being given u
| each stockholder, said commissioner 10 renal,
| in Office uutil the ahatrs OF said corporation shai
| have been finally liquidated; anu shouid va
cancy occur in their number SAID vacancy shal %
| filed by vote OF the majority or the STOCK
holders. The compensation Tor sara commission
ers shall be fixed by the stoekhoIders at the tiih'
| of the election of SAID COMMISSIONERS
| AhIlCLh \;
Ten days written notice deiiVefed IN person ~
mailed to each stockhoider' aodresseo 20 MN a
his residence or place Oh business shalI pe SNel
| in advance OF every meeuhg OF ,he stocknoiueI'
provided IN TINS chafter, out ssu hosice ,nay "
waived by the unanimous consent OF saio stock
holders, expressed IN writing befofe the meeting
| or Mt the meeting when called
| AfIi,LE Al. ,,.,
This corporation shall When one hnndreu snare
Thereon shali nave peeh suoscripe"' eo'"h'e"c'
business. ,.
| ARIlCbE All.
Each StOckh0lder Snail De emitted TO one Fols