The weekly Iberian. (New Iberia, La.) 1894-1946, 1904-01-09

the business affairs of the said corporation
and the aid board shall have full power and
authority to borrow money, execute mortga-
ges and create liens. issue notes or other OBJ
legations and generally to do all things
reasonable and necessary for the proper
carrying on Of the business of the said corpo-
ration.
ARTICLE VII.
The Treasurer Manager shall be vested
with full cont-ol of the mercantile transac-
ton or affairs of this corporation to the end
for which it was created, by him shall all pur-
chases and sales of said corporation be
effected. He shall draw and sign its
checks.
ARTICLE VIII.
This act of incorporation may be chang
ed. amendeded, altered or modified, or it may
be dissolved by the assent of two-thirds
vote at meeting called for that purpose;
ten days previous notice being given to each
stockh Jlder in person or TO his accredited
agent or attorney in fact, or by mail as the
necessity may require.
ARTICLE XIV.
Until the election to be held on the sec
ond Monday of July, 1908. the following per-
sons shall constitute the first Board Of Direc
tors, to-wit: FB McGowen, M B Jackson, O
A McGowen and f r Jackson; with b Nc
Gowen as President, and NJ B jackson as
Vice President. and G A McGowen as Secre-
tary, aad Jackson as Treasurer, who
shall hold their Office until their successors
shall have been elected and qualified as
above provided.
ARTICLE x.
This corporation may commence business
as soon as fifty shares of its capital stock
shall have been subscriber.
ARTICLEXI.
No stockholder shall ever be held liable
for the contracts or faults Of the said corpo-
ration in any further sum than the unpaid
balance due the corporation on the shares of
stock owned by him. nor shall any mere in
formality in organization have the effect of
rendering this charter null, or Of exposing
any stakeholder to any liability beyond the
unpaid amount remaining due on his
stock.
ARTICLE XII.
At the termination of this corporation,
either by limitation or otherwise. it's affairs
shall be liquidated by two commissioners Sc
meeting called for that purpose, composed Of
stockholders, to whom ten DAYS previous no.
tice shall be given in person. to their agents
or by mail, as the case may be. Atsaid time
a. d place said commissioners shall be elect
ed by stockholders, who shall fix their com
and define their duties. and fair
majority shall be sufficient to elect said COM
missioners provided that each stakeholder
cast us many votes as he has shares in said
and provided that said commits
sloners shall remain in office until the final
liquidation Of the affairs OF this corporation
in the event Of death OF one OF the said
the survivor shall continue
to act.
The subscribers hereto have respectively
written opposite their names the amount OF
stock in this corporation subscribed for each
Of them, so that this act of incorporation
may also serve as the original subscription |
list OF the corporation lh
Thus done and Passed in my office, at
Jeanerette. Iberia Parish, State of Louisiana
IN the presence of Charles W RAIDER and Gas
ton Domin CUES, competent witnessesof law
'ul age, both residents OF this Parish, who |
nereunto sign their names with said appear
srs and me, Notary. on the day and date
aforesaid.
Originally signed,
Mrs f B McGowen. 95 shares,
G A McGowen. shares,
Personally to authorize my wife.
NJ B Jackson, 95 sharer. q,
E r Jackson, 5 shares,
Personally to authorize my wife
Witnesses: /
CASTOR Domngues.
Charles w RAIDER.
CA POIRsON,
Notary Public.