New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1906-07-21

| poration as they may deem prope,'
To appoint from time to time suo''
officers. clerks. agents and other em-
plovees - they may deem proper ana
convenient and the same to DISMISS ~
Measure: to make genssel and speclai
provisions for the filling of any offices
during temporary or permanent in
ability to act. The Board OF Dlreo-S
tors shall have full powers to borrow
money. to issue notes. bonds or Other
| evidences of debts and to secure the
same bv mortgage or pledge or botn
+ upon the property of this corporation
and in exercising such powers the
Board of Directors may set either di-
rectly or through such officers or
agents as It may appoint with general
or special authority. Any member OF
the Board of Directors may appoint
and constitute in writing any other
director his proxy to vote in his name
and behalf on matter coming before
the Board of Directors. And the
proxy SO appointed shall be counted to
form a qurou. and director shall cast
the vote of his principal "a well M
his own. All salaries shall be fixed
by the Board of Directors and 1t shall
he vested with authority to employ
and discharge employees rs 1t sees fit
All questions arising before said Board
shall he decided by majority vote of
the members present Each member
having vote in his capacity as
member of said Board. Four direc-
tors shall constitute quorum for the
transaction of business.
ARTICLE VII.
The officers of this corporation
shall consist of president, vice
president, secretary and treasurer
elected from the Board of Directors
ut the first meeting after their election.
The duties of the president, vice-pres-
ident and the secretary and treasurer
shall he the regular duty usually per-
formed by such officers and such spe-
cial duties rs the board of directors
may designate
ARTICLE VIII
No stakeholder shall ever be held
liable or responsible for contrasks or \
fault of said corporation in any furth-
er sum than the unpaid balance duo
by him on subscription to the capital /.
stock. nor shall mere informality ins
organization have the effect of render !
ing this charter null or of exposing a
stock holder to any further liability
than the unpaid balance due on his
stock The subscription and stock
books shall be held at the domioile
and in the office of the corporation
where certificate of stock shall be is-
sued to the subscribers. Any rule of
bylaw is subject to repeal modittca-
ton or change by the holders of the
of the stock at any meeting
of the corporation.
ARTICLE WV.
This Incorporation may be changed
modified or altered or the said corpor-
alton may be dissolved with the as
sbhh VI titttt-ibuttii VI biib SttGknOtH~
ers owning three-fourth of the stock,
at a special meeting of tho stockhold-
9rs convened for that purpose aud of
such meeting notice shall be given ms
provided in article five. Sus' for St
ng to be convened by th2aiug ,gsS
lpon order of the maj,ne 'LewisasA
Board or upon written rnty fa2s n
holding not less than oetf'@a' p'flN 4
,aiptal stock - 4 !. n.
ARTIc11sa 49,. -. "
This corporation shall be liuuidatessstl !
1t the end of its term or at its earlier
dissolution provided that three fourth
# the capital shall have agreed there
o at meeting called for that purpose
" three commissioners appointed
~ the Board of Directors at regular
Meeting of said Board said commits
toner's shall be tookholders of said
orporation and their compensation
IS iiquidators shall be fixed by the
oard on the day of their appoint
nent. Said commissioners shall give
UGH security as may be required by
he board of directors. Said commits.
toner's shall continue to act until the
usness of the corporation shall be
ntirely closed or liqhfdated and in
he event of the death or resignation
any commissioners the board of di-
ectors shall elect his successor from
mong the board of directors.
The subscribers hereunto have set
pposite their respective names the
lumber of shares of stock subscribed
y them respectively and this act -
lall serve as the original subscrip-
on list of said corporation.
Thus done and passed In my office
New IBERIA, Iberia Parish, Louisi-
M, on the day and date first above
ritten, in the presence of Messrs. J.
Garrett. M. D., and Henry Boutte
witnesses who hereunto
gp their names with the said APP
carers and me Notary after due read
'g and approving of the whole
illnesses:
j. f. GARRETT, M. d.,
HENRY BOUTTE.
ARMAND V. BOUTE,
100 Shares.
vALMIERE OLIVIER,
30 Shares.
EMILE j. LABRANCHE,
30 Shares.