New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1910-12-10

shall be chosen by the Board o
Directors at it's first meeting sue
ceeding the netting Of the stock
holders, and annually thereafter
on the first Tuesday after the f.rs
Monday OF February OF each year
The power and dr,ies OF suct
officers shall be such as are Gus
tomarily enjoyed ana exercised ~
! those holding Ike positions dil.
such as may be prescribed by tht
bylaws of this corporation.
Article VII.
Whenever the said corporation
is dissolved by limitation or from
any other cause, It's affairs shall
be liquidated by (3) three com
mlssioners ito be appointed from
among the stoc kholuers at a gen.
eral meeting of the stockholders
to be convened for that purpose al
ter 800 thirty days notice by pub
lication IN a newspaper published
in the Parish of Iberia, aud with
The assent of majority of the
Capital Stock. The said Commits
sioners shall remain in Office until
the 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 q successor or successors from
mong the stockholders. The com
pensation do 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, obllga-
lions, bills and accounts due the
said corporation and receipt for
he same; to sell at public sale al
ter legal advertisement, by pub
llcation 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 tu,le 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
lime to time whenever requested
by the holder or holders of a ma
jOrity of the stock, and shall
make final report of their adj
at a meeting OF the
stockholders whenever requested
10 do SO by the holders of a ma
jority of the stock. Ten (1O) days
notice Of such meeting shall be
given to all parties in interest by
publication in a newspaper pub
ished in the Parish Of Iberia, Lou
sana, and written notice thereof
'hall be delivered to each stock
lOlder, either in person or by mail
It his last known Post Office on
address, as shown by the books Of
he company, the said publica-
ion and written notice giving
he place and date Of such meet
ny.
Article VIII.
This act Of incorporation may |
,e changed or modified, the cap
tai 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
tockholders called for that pur-
'ose by publication in a newspap-
r published in the Parish Of
IBERIA, Louis, and after the
observance of all statutory re-
uirements of the State Of Lou
siana in connection Herewith.
Article TX.
No stakeholder shall ever be
eld liable or responsible for the
cts, contracts or faults Of this
in any further sum
han the unpaid balance due or
hat may be due this Company on
hares Of stock held by him. Nor
haN any informality in its or
render this charter null
r have the effect Of exposing any
tockholder to any liability be-
ond such unpaid balance due on
is stock.
Thus Done and Passed in my
ffice, in the City of New Orleans,
tate Of Louisiana on the day and
ate above written in the pres
nee of Messieurs John Dymond,
r.. and BENZ. M. Foster, comp
tent witnesses who signed these
resents with the said appearers
nd me, Notary, after due read
lg thereof, the said appearers de-
Iaring that they have placed af-
sr their names the number OF
1ares of stock respectively SUBJ
:ribed by them and that they do
dopt this as their stock subscrip-
on
Original signed by the stock
olders. II
illnesses:
John Dymond, Jr.
BENZ. n. Foster. |.
Alvin Edward Hebsrt,
Notary Public.
A true copy Of the original.
In witness whereof have here
nto set my hand and seal Of Of
ce at New Orleans, La, this
eventh 9TH day Of October, A.
!, 1910. Alvin Edward Hebsrt
Notary Public,
State Of Louisiana. Parish OF
{tff - IhpriA sH t. ~