New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1910-11-26

necessary. All Of tue sad oilicer
shall be chosen by the Board o
Directors at its first meeting sue
ceeding the netting of the stoch
holders, and annually thereafter
on the ilrst Tuesday after the f.rs
Monday OF February of each year
The power and duties OF surl
officers shall be such as are Gus
tomarily enjoyed ana exercised .!
those holding Ike positions an,
such as may be prescribed by thu
bylaws of this corporation.
Article VII.
| Whenever the said corporation
is dissolved by limitation or iron
any other cause, its affairs shall
be liquidated by (3) three com
|mlssioners ITO be appointed from
among the stockholders at a gen
eral meeting Of the stockholders
to be convened for that purpose al
ter 800 thirty days notice by pub
Iltdll'b III ~ III hopopti t"'''''''N
in the Parish Of Iberia, and with
The assent of a majority OF the
Capital Stock. The sad Commits
sioners shall remain in office until
the affairs of the corporation shall
have been fully llquldated, and III
the ease Of the death Of any one or
more of the sad Comm lssioners,
the survivor or survivors shall
elect a successor or successors from
mong the stockholders. The com
pensation ito 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, ohllga-
tions, bills and accounts due the
said corporation aud receipt for
the same; to sell at public sale al
ter legal advertisement, by pub
lication 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
a good and valid title therefor,
without tie intervention of a
Court Of Justice or without beng
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 tho 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 u final report of their ad-
ministration at meeting OF the
Stockholders whenever requested
10 do so by the holders of a ma
jority Of the stock. Ten (l0) days
notice Of such meeting shall be
given to all parties in interest by
publication in q newspaper pub
iished in the Parish of Iberia, Lou
.siana, and written notice thereof
shall bo 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 81 incorporation may
be changed or nrodified, the oaP-
| 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 meeting Of the
stockholders called fer that pur-
pose by publication in a newspap-
er published in the Parish of
iberia, Louisiana. and after the
observance Of all statutory re-
quitemeints Of the State Of LOU
Iisiana in connection Herewith,
= Article TX,
| No stockholder shall ever be
held liable or responsible tor the
acts, contracts or faults Of this
corporation 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 its or
lganization render this charter null
or have the effect of exposing any
stockholder to any liability be-
yohd such unpaid balance due on
his stock.
Thus Done and Passed in my
office, in the Cty of New Orleans
State of Louisiana on the day and
date above written in the pres
ence of Messieurs John Dymond
DR.. and BENZ, NJ. Foster, comp
etent witnesses who signed these
presents with the said appeareri
and me, Notary, after due read
ling thereof, the said appearers de-
iclaring that they have placed af
ter their names the number OF
shares of stock respectively sub
scribed by them and that they dc
adopt this as their stock subscrip
ltion
| Original signed by the stock
holders.
Witnesses:
John uymond, Jr.
Benz. y, Poster,
! Alvin Howard Hebsrt,
/ Notary Public
i A true copy Of the original.
i In witness whereof | have here
Iunto set my hand and seal Of of
fics at New Orleans, La, th'l
Seventh (7th) day Of October, A
ID, 1910. Alvin Edward Hsbsrt,