New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1910-11-19

nee cesSary. All vi tue sald officer
shall be chosen by the Board o
| Directors at it's first meeting Sue
ceedlng the netting of the stock
holders, and annually thereafter
on the flfst Tuesday after the I,rs
Monday OF February of each year
The power and dW,ies OF sucl
officers shall be such as are Gus
tomariiy enjoyed aug exercised ul
] those holding Ike positions dl-
such as may be prescribed by TIT
, 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
missioners DO be appointed from
among the stoc khOlders at a gen
eral meeting of the stockholders
to be convened for that purpose al
ter 500 tn rty days lrotlce Dy pub
llcatlon N newspaper published
in the Parish of Iberia, and with
ahe assent of majority of the
Capital Stock. The sad Commits
sioners shall remain in Office until
ne alairs of the corporation shall
have been fully liquidated. and in
the case of the death OF any one or
more Of the sad Comm ssioners,
the survivor or survivors snail
elect a successor or successors from
mong the stockholders. The COM
pensation 10 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, obliga-
tions, bills and accounts due the
said corporation and 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
or immovable and upon
such terms and conditions as they
may deem proper and to execute
a 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
the residue Of the
funds which may remain in THEN
hands, among the stockholders. in
preparation to the interest Of
each and to make reports from
time to time whenever requested
Dy the holder or holders of a ma
jority of the stock, aud shall
make a final report Of their ad-
ninistration at a meeting Of the
stockholders whenever requested
10 do so by the holders of ma
Iority Of the stock. len (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
'hail be delivered to each stock
lolder, either in person or by mail
It his last known Post Ottce o.
address as shown by the books OF
he company, the said publica-
ion and written notice giving |
he placeesnd date of such meet,
ng.
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
rhree-fourths of the capital stock |
represented at a meeting of the |
stockholders called for that pur-
,ose by publication in a newspap-
r published in the Parish of |
IBERIA, Louis ana, and after the
of all statutory re-
luirements of the State Of Lou
siana in connection Herewith.
Article TX.
No stockholder shall ever be |
leld liable or responsible for the
Icts, contracts or faults of this
in any further sum
han the unpaid balance due OF
hat may be due this Company on
hares of stock held by him. Nor
haM any informality in it's or
'anization render this charter null
# have the effect of exposing any
tockholder to any liability be-
'ond such unpaid balance due on
Iis stock.
Thus Done and Passed in my
'ffice, in the City Of New Orleans,
'tate OF Louisiana on the day and
late above written in the pres
nee Of Messieurs John Dymond,
r.. and BENZ. NJ. Foster, comp |
tent witnesses who signed these
PRESENTS with the said appearers
nd me, Notary, after due read !
ng thereof, the said appearers de- /
lsring that they have placed sf-
or their names the number OF
hares Of stock respectively sub
cribsd by them and that they do
'dopt this as their stock subscrip- |
ion
Original signed by the stock
loldera.
Witnesses: |
John Dymond, Jr.
BENZ. n. Foster.
Alvin Edward Hebert
Notary Public.
A frue cOnv nf thn 90, p;po1