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

plOyeeS as they may Ideeh PiOP
convenient and the sape to dismiss 90
pleasure to make general and special
provisions for the fllingef any of'loes
during temporary or pernenent III
ability to act The Board 03AsIlreo-
tors shall have full powers to bor7&
money. to issue notes, bonds or otheA
evidences of debts and to secure the"
same by 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 n uurom and director shall cast
the vote of his principal as well az
his own. All salaries shall be fixed
by the Board of Directors and it shall
be vested with authority to employ
and discharge employees as it sees hit.
All questions arising before said Board
shall be decided by q majority vote OF
the members present Each member
having a vote in his capacity as
member of said Board. -Four direc-
tors shall constitute quorum for the
of business.
ARTICLE VII.
The officers of this corporation
shall consist of president, VICE
president, secretary and treasurer
elected from the Board of Directors
at the firstmeeting 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-
riaI duties as the board of directors
may designate.
ARTICLE VIII.
No stock holder sha ever be held
liable or response BILE for contracts or
fault of said corporation in any f2rsA
or sum than the unpaid balance dus
by him on subscription to the capital
stock, nor shall mere informality in
organization have the effect of render
ing this charter null or of exposing
stock holder to any further liability
than the unpaid balance due on his
stock. The subscription and stock
books shall be held at the domicile
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 modifica-
ton or change by the holders of the
IF the corporation.
ARTICLE Wv.
This incorporation may be changed
or altered or the said corpaS-A
alton may be- dissolved with the as
sent of three fourth of the stockhold-
,rs owning three-fourth of the stock,
1t a special meeting of the stockhold-
,rs convened for that purpose and of
,uch meeting notice shall be given as
provided in article five. Such meet
ng to be convened by the secretary
lpon order of the majority of the
Board or upon written request of those
holding not less than one-third of the
,aiptal stock.
ARTICLE x
This corporation shall be liqui dated
4, It the end of its term q az rs ess-
dissolution provided thse Z. oaris&
If the capital shall have agreed ther6e
o at a meeting called for that purpose
~ three comm issioners appointed
~ the Board of Directors at regular
Meeting of said Board said commits.
toners shall be stockholders of said
and their compensation
IS liquidators shall be fixed by the
'oard on the day of their appoint
nent. Said commissioners shall give
uch security as may be required by
toner's shall continue to act until the
BUSINESS of the corporation shall be
ntirely closed or liqudated and In
he event of the death or resignation
{ any commissioner the board of d.
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
hall serve as the original subscrip-
ion list of said corporation.
Thus done and passed in my office
t New Iberia, Iberia Parish, Louisi.
ma, on the day and date first above
in the presence of Messrs. J.
!. Garrett, M. d., and Henry Boutte
)mpetent witnesses who hereunto :.
gn their names with the said ap-
carers and me Notary after due read
lg and approving of the whole.
illnesses:
J. f. GARRET, NJ. D.,
HENRY BOUTTE.
ARMAND V. BOUTE,
100 Shares.
VALMIERE OLIVIER,
30 Shares.
EMILE J. LABRANCHE,
30 Shares.
REV. JAMES A. HAROD,
Per A. V. Boutte,
Shares.
VILL1ERE DUPRE,
30 Shares.
VIRGILE BOUTTE,
Per A. V. Boutte.
30 Shares.
EDWIN HEBERT,
Shares.
ANTHONY n. MULLER,
Notary Public.
State Of Louisiana, Parish Of Iberia
/. Edwin n Rrouasard nistrict At