New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-03-26

hc signed 10y the stakeholder or his
attorney.
The corporation shall commence
business o. SOON aa uur hundred sI,arcs
of the capital stock shnll hay" boon
subscribed FOR
At all elections by on meetings Of
| the ckIoIdrrs onch share of the cap
| ltnl stol, shall Ice entitled tu one vote
to hc voted either by tho person in
whose namc the stock appears upon
| tho hooka of the corporation at tho
| time of the voting. or by his ngent cor
proxy duly authorized III writing to
| that effect.
ARTIItbE VI
Tho business md affairs and corpor
nto powers of the corporation shall
be transacted Icy hOnrd Of five dirur.
tors. to ho composed Of stockholders
thereof. TO bc elected 10y minority of
all the votes nj II meeting To- bc held
for that purpose on the fourth Mon
day Of February of onch year Tho
| Directors thus selected Ihnll snrvo FOR
one year or until their succr ssors shnll
have been elected aud qualified
All elections shnll ho conducted
undor the supervision of throo NOM
bors to ho appointed 10y tho Board Of
| Directors for TINT purpose and III cnso
| If my trs pi enid rp,np, ig.s ,n,,re 81
election declining or failing to net.
the President shall appoint another to
fill the place Tho said Board of III
rectors shall elect from their number
n President and n Nice-prosdout who
shall serve until their Successors are
elected md uunIItiod The Board of ri
reotora shalt hnvo power to- Ill vncnn
Cios occurring IN the Board Thoy shnll
mako such bylaws, rules aud rcguln
tions as they think proper for the
transaction of the business md tho
change. alter and amend the annp ut
pleasure, appoint and fix the snlari,s
of nll officers, clerks and employees,
the snme to change or dismiss Mt ploas
uro, sell, convey, mortgage, pledge.
loase and purchase property movable
immovable and personal, borrow
money. issue notes aud bonds, make
contracts and sign or cause to he
signed all necessary acts, deeds, etc,
and do all necessary things to be- done
in the management of said business ms
may be permitted by laws applicable
to corporations.
Three members of said Board shall
constitute quorum for the transaction
and management Of MI business of said
corporation
ARTICLE VII
Thia net of ipcorporotion moy he
changed modified or altered or the
said corporation may ho dissolved at
special meeting of the stockholders
convened for that purpose after fifteen
DAVIS prior notice by pubIicotiop in n
weekly Newspaper published in the
CITY Of New Iberin with the assent of
three fourlhs of the capital stock of
snid corporation.
ARTICLE VIII
No stakeholder shall ever l,e held |
liable or responsible for the contracts
or faults of said corporation in any
further sum than the unpaid balance
due by him on substitution to the
oapitnI stock, nor shall mere in formal.
itv i'm organization have the effect of |
rendering this Charter null. or Of ex-
posing n stakeholder 10 any further
liability than the unpnid balance due
on soid stock
ARTICLE TX
Tho following named persous shall
constitute the first Bonrd of Directors
To serve unit, tho fourth Monday in
Februorv A II Ioo5 viz. Leon
Dreyfus. Jules Droyfus Maurice Ber
gerie. 9. T.. REYNOLDS, and J Z. Sub
erbielIe. with tho snid Icon Dreyfus
AZ President and the said G. e Rev
nolds as Vice. President.
ARTICLE x
This corporation shalt be liquidnted
ut th. end of it's term, or Mt it's earlier
dissolution, provided that three.
fourths of the capital stock shall have
agreed thereto Mt meeting called for
that purpose. by three commissioners
appointed by tho Board of Directors
Mt regular meeting of said Board.
s0id commissioners shnll be stockhold.
ers of snid coronation md their com
ns liouidotors shnll be fixed
NV tI,o Roord IN tho dny of THAR an