The weekly Iberian. (New Iberia, La.) 1894-1946, 1904-08-20
ARTICLE ".

| neSSes.
ARTICLE ".
The capital stock of said corporation
shall be Twenty thousand Dollars
$50 100000 divided into and repre-
scented by four hundred shares OF fifty |
Dollars $4,000 each. which shall be
issued and paid at such times and I'm
der such regulations as the Board OF
Directors may determine. Or it 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-in-fact
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 D1rcc-
tors shall be elected at general meet
ing of 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 notice
of said election shall be given by pub
LEGATION at least 10 days prior to said
election, in one of the weekly news
papers publishedpin the Town of New
Iberia, La. Failure to hold an cleo
ton on the day specified shall not dis
solve this corporation but the Dlrec-
tors in office shall hold their respec-
tive offices until the election be sub
sequently held, after ten days notice
of the time and place thereof. All
vacancies on said Board shall be filled
by the remaining Directors, and three
Directors present or represented by
proxy shall constitute quorum Tor
the transaction Of the business of the
Company. The Board of Directors
shall elect President and Nice-Presi-
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. 1905, or until their
successors have been elected f. ?.
Putnam, Lazard Killing, G. {. Laugh
lin, K. p. Rlbbeck, and DR.. |. L. Rand.
ARTICLE VI.
This act of incorporation may be
changed, modified or amended or
said corporation dissolved with the
consent of three fourths of the capital
stock of said corporation. at a special
meeting of the stockholders convened
for that purpose, after the same notice
as provided for election.
ARTICLE VII.
Upon the dissolution of this corpora
: ton by limitation or otherwise, it's
affairs shall be lquidated by two
mmissioners to be elected by the
: stockholders who, at the same tiree,
shall fix their compensation.
ARTICLE VIII.
No stakeholder shall be liable or re-
sponsible for the debts, contracts or
= faults of this corporation in any fur
!, Their sum than the unpaid balance due
to the Company on the shares owned
by him, nor shall any mere informally
in the organization have the effect of
rendering this Charter null, or of ex-
posing stakeholder to liability be-
yond the amount of his indebtedness
r to said corporation.
r Thus done and passed at my office
in the Town of New Iberia, Iberia
: Parish, La, on the day, month and
r year first above written, in the pres
ence of Messrs. Madison A. Colgin and
" DNuLbdh SoIhpClShb WItuCSSCS
who have signed these presents with
the parties and me, Notary, after due
: reading of the whole. The word in
! terlined in and made part of this act
, and same approved before signing
E 1T Rand
l &. c. Laughlin
l Leopold King
e Lazard King
, per Leop. Killing
J.. Fernand King
r. P. Ribheck
r f. p. Putnam
, per G. G. Laughln
r w. b. Kramer
: M. A. Colgin
r VIM. Bauman
/. Edwin S. Broussard, District At
torney for the Nineteenth Judicial
i District of Louisiana, do hereby
: certify that l have examined the
; above and foregoing act of 1ncorpora-
; ton of independent Gin Company,