New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1906-06-23

officers. cleFks, hsehoo 'A""
ployees as they may deem proper ana
convenient and the same to dismiss at
Measure. to make general and special
provisions for the filling of any offices
during temporary or permanent IN
ability to act The Board of Dlrec-
tors shall have full powers to borrow
money. to issue notes, bonds or other
evidences of debts and to secure the
same by mortgage or pledge or ooth
upon the property of this corporation
and in exercising such powers the
Board of Directors may set either Ill
rectly or through such officers or
agents rs 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 qurom and a director shall cast
the vote of his principal Ms well as
his own. All salaries shall be fixed
hv the Board of Directors and it shall
be vested with authority to employ
and discharge employees rs it sees fit.
All questions arising before said Board
shall be 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 "A quorum for the
transaction of business.
ARTICLE VII.
The officers of this corporation
shall consist of president, vice
secretary and treasurer
elected from the Board of Directors
at the first meeting after their election.
The duties of the president, vice-pres-
ident and the secretary and treasurer
shall be the regular duty usually per
formed by such officers and such spe-
cial duties as the board of directors
may designate.
ARTICLE VIII.
No stakeholder shall ever be held
liable or responsible for contracts or
fault Of said corporation in any firth
err sum than the unpaid balance due
by him on subscri ption to the capital
stock nor shall mere informality in
have the effect of render
ing this charter null or of exposing a
stakeholder to any further Liability
than the unpaid balance due on his
stock The subscription aud 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
by law is subject to repeal modifica-
ton or change by the holders of the
majority 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
sent of three fourth of the stockhold-
ers owning three fourth of the stock.
1T special meeting of the stockhold-
,rs convened for that purpose and Of
such meeting notice shall be given "a
provided in article five. Such meet
ng to be convened by the secretary
lpon order of the majority of the
Board or rpon written request of those
l6Idine~ sus-1rre third of the
,aiptal stock.
ARTICLE X.
This corporation shall be liquidated
It the end of it's term or at it's earlier
provided that three fourth
If 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 stock holders of said
orporation and their compensation
S liquidators shall be fixed by the
oard on the day OF their appoint
nent. Said commissioner shall give
UGH security as may be required by
he board of directors. Said commits
toner's shall continue to act until the
usiness of the corporation shall be
ntirely closed or liQuidated and in
he event of the death or resignation
any commissioner the board of di-
ectors shall elect his successor frcwp
mong the board of directors. 49,
The subscribers hereunto have set
ppOsite their respective names the
lumber of shares of stock subscribed
y them respectively and this act
lall serve rs the original subscrip-
on list of said corporation.
Thus done and passed in my office
New Iberia, Iberia Parish, Louisi.
IA, on the day and date first above
ritten, in the presence of Messrs. J.
Garrett, M. d., and Henry Boutte
'mpetent witnesses who hereunto
gn their names with the said ap-
,arers and me Notary after due read
x and approving of the whole
illnesses
j. f. GARRET, M. D.,
HENRY BOUTTE.
ARMAND ". BOUTE.
100 Shares.
VALMIERE OLIVIER,
30 Shares.
EMILE J. LABRANCHE,
30 Shares.
REV. JAMES A. HAROD.
Per A. V. Boutte,
4 shares.
VILLIERE DUPRE,
30 Shares.
yIRGILE BOUTTE,
Per A. V. Boutte,
30 Shares.
EDWIN HEBERT,
4Sbares.
N. MULLER,
Notary Public.