New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1910-11-05

ton, the stockholders may p'ovid,
for such other officers as they d.,n
necessary All Of the SAID officers
shal, be chosen by the Board oI
i Directors at its first meeting sue
ceeding the netting OF the stock
holders, and annually thereafter
on the first Tuesday after the f,rs1
Monday of February OF each year
The power and duties OF such
officers shall be such as are Gus
tomarily enjoyed ana exercised oy
Those holding Ike positions dnu
such as may be prescribed by the
bylaws Of this corporation.
Article VII.
| Whenever the said corporation
is dissolved by limitation or from
any other cause, its affairs shall
be liquidated by (3) three com
mssioners DO be appointed from
among the stockholders at a gen.
eral meeting of the stockholders
to be convened for that purpose al
ter 500 thirty days notice by pub
lication in newspaper published
in the Parish of Iberia, and with
the assent of majority of the
Capital Stock. The said Commits
sioners shall remain in Office until
,ne affairs of the corporation shall
have been fully liquidated, and in
the case of the death Of any one or
more Of the sad Commissioners,
the survivor or survivors shall
elect a successor or successors from
mong the stockholders. The com
pensation ao be received by the
said Commissioners shall be fixed
at the time Of their appointment.
The said commissioners shall
have full power and authority to
collect any and all moneys, obIiga-
tions, bills and accounts due the
said corporation and receipt for
the same; to sell at public sale al
ter legal advertisement, by pub
l!cation in one newspaper publish
ed in the Parish of Iberia, Louisi-
anan, any and all of the assets OF
the said corporation, whether
movable or immovable and upon
such terms and conditions as they
may deem proper and to execute
good and valid title therefor,
without the Intervention of a
Court Of Justice or without being
thereby empowered; to pay the
debts Of the said corporation, and
distribute the residue of the
funds which may remain in their
hands, among the stockholders. in
preparation to the interest OF
each and to make reports from
time to time whenever requested
by the holder or holders of a ma
jority Of the stock, and shall
make a final report of their ad-
ministration at a meeting Of the
stockholders whenever requested
to do SO by the holders OF ma
jority of the stock. Ten (1O) days
notice Of such meeting shall be
given to all parties in interest by
publication in newspaper pub
iished in the Parish of iberia, Lou
iaiana, and written notice thereof
shall be delivered to each stock
holder, either in person or by mail
at his last known Post Office OF
address as shown by the books OF
the company, the said publica-
ton and written notice giving
the place and date Of such meet
ing.
Article VIII.
This act of incorporation may
be changed or modified, the cap
ital stock may be decreased or
increased ON the said corporation
dissolved with the assent of "a
Three-fourths of the capital stock
represented at q meeting Of the
called for that pur-
pose by publication in a newspap-
er published in the Parish of
Iberia, Louisiana, and after the
of all statutory re-
quirements of the State Of Lou
isiana in connection Herewith.
Article TX,
No stockholder shall ever be
held liable or responsible for the
acts, contracts or faults of this
in any further sum
than the unpaid balance due or
that may be due this Company on
shares OF stock held by him. Nor
shall any informality in it's or
ganization render this charter null
or have the effect Of exposing any
stakeholder to any liability be-
yond such unpaid balance due on
his stock.
Thus Done and Passed in my
office, in the City of New Orleans,
State Of Louisiana on the day and
date above written in the pres
ence of Messieuns John Dymond,
Jr.. and BENZ. M. Foster, comp
etent witnesses who signed these
presents with the said appearers
and me, Notary, after due read
ing thereof, the said appearers de-
claring that they have placed af-
ter their names the number of
shares Of stock respectively SUBJ
scribed by them and that they do
adopt this as their stock subscrip-
tion
Original signed by the stock
holders.
witnesses:
John Dympnd, Jr.
BENZ. n. Foster.