The weekly Iberian. (New Iberia, La.) 1894-1946, 1904-07-23

| to do any ana ali th1ngS necessary ana
proper to the carrying on of it's bust
nCSSCS.
ARTICLE ".
The capital stock of said corporation
! shall be- Twenty thousand Dollars
| $50, O00.OO) divided into and repre-
| scented by four hundred shares Of Fifty
Dollars $40 CO.. each, which shall be
issued and paid at such times AVID un-
| der such regulations ~ the Board OF
| Directors may determine. Or If may
he issued at no less than par IN pay
mcnt of property purchased by or for
labor and services rendered said cor
poration All transfers of stock shall
he made ON tho books Of the Company
bv the stockholders or their duly au-
thOrizcd agents or attOrnCys-tn intact.
This corporation shall commence bust
ness as soon rs one hundred and
twenty shares of the capital stock
shall have been subscribed for.
ARTICLE V.
All the corporate powers of this cor
cired hy Board of Directors composed
of five stockholders, each owning one
or more shares Of stock. Said Dircc-
tors shall be elected at Il 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 aud notice
of said election shall be given by pub
lication 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 cleo
ton on the day specified shall not dis
solve this corporation bat the Direc
tors in office shall hold their rcspec-
tive Offices until the election be sub
sequcntlv 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 a quorum for
the transaction of the business of the
Company. The Board of Directors
shall elect a 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, 1908, or until their
have been elected f.. =.
Putnam, Lazard King, G. {. Laugh
in, II. =. Rlbbeck, and Dr. I. II. Rand.
ARTICLE VI.
This act of incorporation may he
modified or amended or
said corporation dissolved, with the
stock Of said corporation, at n special
meeting Of the stock holders convened |
for that purpose, after the same notice
rs provided for election.
ARTICLE VII
Upon the dissolution of this corpora
ton by limitation or otherwise, its |
affairs shall be liquidated by two
to be elected by the
stock who, at the same time,
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
tier sum than the unpaid balance due
70 The Company on the shares owned
BY him, nor shall any mere informally
n the organization have the effect of
this Charter null, or of ex-
posing a stakeholder to liability be
yond the amount Of his Indebtedness
% SAID corporation. !