New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-03-19

| ''''9' H''i'' '''" N'V'h appears upon
the books of the corporation at tn,
time of the voting, or by his agent o.
proxy duly authorized i'm writing t.
that effect
ARTICLE VI.
The business and affairs and corpor.
ate powers Of the corporation shall
be transacted by board of five dircc-
tors, to be composed of stockholders
thereof, to be elected by majority Of
all the votes at q meeting to be held
for that purpose on the fourth Mon
day of February of each year. The
Directors thus selected shall serve Tor
one year or until their succe ssors shall
have been elected and qualified.
All elections shall be conducted
under the supervision of three Nom
bers to be appointed by the Board Of
Directors for that purpose and in case
OF any one of said commissioners of
election declining or failing to act,
the President shall appoint another to
fill the place. The said Board of Di-
rcctors shall elect from their number
President and q Vice President who
shall serve until their successors are
elected and qualified The Board of Di-
rectors shalt have power to fill yacan-
cles occurring III the Board. They shall
make such bylaws, rules and rcgula-
tons as they think proper for the
transaction of the business and the
affairs Of the said corporation, and
change, alter and amend the same at
pleasure, (Pppoin5 and fix the salaries
OF all officers, clerks and employees.
the same to change or dismiss at pleas
ure, sell, convey, mortgage, pledge.
lease and purchase property movable
lmmovable and personal, borrow
money, issue notes and bonds. make
contracts and sign or cause to be
signed all necessary acts, deeds, etc.
and do all necessary things to be done |
II the management Of said business as
nay be permitted by laws applicable
o corporations.
Three members of said Board shall
onstitute quorum for the transaction
nd management of all business of said
ARTICLE VII.
This act of incorporation NAV be
hanged, modified or altered, or the
aid corporation may be dissolved at a
pecial meeting of the stockholders
for that purpose after fifteen
avs prior notice by publication in
'eekly newspaper published in the
ity of New Iberia with the assent of !
lree fourths of the capital stock of
lid corporation.
ARTICLE VIII.
No stakeholder shall ever be held
able or responsible for the contracts =
faults of said corporation in any
rther sum than the unpaid balance
lie by him on subscription to the
pital stock, nor shall mere in formal
i'll organization have the effect of
nderlng this Charter null, or of ex-
sing stakeholder TO any further
ability than the unpaid balance due Z
said stock. {
ARTICLE TX. z
The following named persons shall 2
institute the first Board of Directors q
serve until the fourth Monday in 4
bruary, A. d. 1905, viz: Leon
eyfus, Jules Dreyfus Maurice Ber-
RE, G. E. Reynolds, and J. P. Sub
,ielle, with the said Leon Dreyfus
President and the said G. E. Rev
DIS as Vice President.
ARTICLE X.
This corporation shall be liquidated q
the end of its term, or at it's earlier
solution, provided that three
rths of the capital stock shall have
eed thereto at meeting called for
t purpose, by three commissioners
'ointed by the Board of Directors -
l regular meeting of said Board.
commissioners shall be stockhold-
of said corporation and their COM
sation as liquidators shall be fixed
the Board on the day of their ap -
ltment. Said commissioners shall c.
time to act until business of the
shall be entirely closed or
idated, and in the. event of the
III or resignation of either or two RI
hem, then the survivors or survi
shall act.
1AA done and passed in nv office
-, Iberia, Iberia Parish. Louisi
on the day month and year first Pre-
re written, i'll the presence of
SIS j. r. Perry and f. E. Del. -
mer, good and compent witnesses,
ling in this parish, who have
ed these presents with the parties
me Notary after duo rood;,. 20 0G0i