The weekly Iberian. (New Iberia, La.) 1894-1946, 1904-08-06

and change at pleasure. ana ECneraiy
to do any and all things necessary and
proper to the carrying on Of It's bust
ncSscs.
ARTICLE ".
The capital stock of said corporation
shall be Twenty thousand Dollars
$50, 600. OO) divided into and repre-
scented by four hundred shares OF Fttty
Dollars $4,000 each, which shall be
issued and paid at such times and uh-
der such regulations as the Board OF
Directors may determine. Or it may
he issued ut no less than par IN pay
mcnt 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 nu'
thorizcd agents or attorneys intact.
This corporation shall commence bnS'-
ness rs 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
poration shall he vested IN and cXcr-
circd Nv a Board of Directors composed
of five stockholders, each owning one
or more shares of stock. Said pir"c-
tors shall be elected at general meet
mo of the stockholders convened for
that purpose on the First Tuesday in
April of each year And each Shar"
of stock present or represented by
written proxy shall be entitled to one
vote. The election shall be held ut
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 published in the Town OF New
| Iberia, La. Failure to hold IN cleo
ton on the day specified shall not dis
solve this corporation but the Drcc.
tors in office shall hold their rcSpcc-
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
bv the remaining Directors, and three
Directors present or represented by
J proxy shall constitute quorum io'
the transaction of the business of tn,
lCompany. The Board of Directors
shall elect President and Nice-frcSi
dent, and appoint all such agents
managers clerks. etc, as they may
deem proper, defining their power
and duties and fixing their compenSa
ton. The following named persons
shall constitute the first Board o
Directors to serve until the FRS
Tuesday of April, 1908, or until thei
successors have been elected +. /
Putnam, Lazard King, G. c. Laugh
lin, II. T.. Rlbbeck, and DR.. l.. Il. Rand
ARTICLE VI.
This act of incorporation may h
changed, modified n amended o
said corporation dissolved, with tn
consent Of three fourthS of the capita
stock of said corporation. at a spccia
meeting Of the stockholders convene
for that purpose, after the same motto
~ provided for election.
' ARTICLE VII.
Upon the dissolution of this corpora
ton by limitation or otherwise, 1t
affairs shall be liquidatcd by tw
commissioners to be elected by til
stock holders who, at the same time
; shall fix their compensation.
ARTICLE VIII.
No stakeholder shall be liable or re
sponsiblc for the debts, contracts o
faults of this corporation in any fur
; Their sum than the unpaid balance dn
to the Company on the shares ownc
by him, nor shall any mere intormallt
y IN the organization have the effect {
1 rendering this Charter null, or of c,
= posing stakeholder to liability bt
It vond the amount of his indebtedness
II to said corporation.