New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1910-03-26
($lo0,o00.00) rter-As divided into

one thousand TT,vs) shares Of the
par value Of one hundred (9lOO)
dollars each. which shall be paid
for in cash, or i'll the purchase of
property. A" shares of stock
shall be full paid and non
sible. No transfer of stock shall
be recognized or be binding upon
the company's books unless made
pursuant to It's bylaws and re-
corded upon the books of the
company. This corporation shall
become a going concern as soon
as fifty thousand ($50,0O0) dollars
Of It's Capital Stock shall have
been subscribed and paid Tor.
Article v.
All the corporate powers OF this
corporation and the management
and control Of it's affairs shall
be vested in and exercised by a
Board of Directors, composed Of
Stockholders, the aJority of
whom shall constitute a quorum
for the transaction of its business.
The said Board shall be elected
upon the second Monday of Feb
ruary of each year, anC shall, I'M
medlately after their election, elect
from their number a President,
Vice President and Secretary
Treasurer. Each stockholder
shall be entitled in person or by
proxy to one vote on every share
owned by him, and such election
shall be held under the rules and
regulations as shall be provided
for by the Board Of Directors.
The said Board Of Directors shall
continue in Office for one year,
and until their successors shall
have been duly elected and quail
flied, and any failure to elect shall
not be regarded a a forfeiture OF
this Charter. Five Directors
shall constitute a quorum. Any
vacancy occurring on said Board
shall be filled by the remaining
Directors for the unexpired term.
And said Board shall have the
right to appoint and dismiss any
clerks or other employees Of the
corporation as it may seem fit and
expedient for the proper manage
ment and control of said bust
ness. Any of the Directors shall
have the right to appoint another
stockholder as his proxy to at
tend any and all meetings Of said
Directors.
Article vi.
This act Of incorporation may be
changed, modified or altered or
this corporation may be dissolved
with the assent of three-fourths
of the stock present or represent
ed, at the general meeting con
vened for that purpose and after
at least ten days written notice
shall have been given through
mail addressed to each stockhold-
ers at the last known place Of res
idence.
Article VIZ.
No stakeholder shall ever be
held liable to responsible for the
conracts. faults or debts Of said
corporations, nor shall any mere
informality in its organization
have the effect of rendering this
charter null or of exposing the
stockholders to any liability be-
yond the unpaid balance due on
the shares Of stock subscribed for
by him.
Article VIII.
In case of dissolution of this
corporation, by the expiration of
this Charter or otherwise, the
shall elect three liq-
uidators who shall have full au-
thority to wind up its affairs. In
the event Of he death or disabil-
ity Of any one said commission
ers, the survivors or remaining lq-
nidators hall appoint successor
TO hir.
Until the election 10 be held in
February 1910, the following
named persons shall constitute the
first Board of Directors:
II. N. Pharr, President.
Don Caffery, Vice President.
JOS. E. Burguieres, Secretary
Treasurer.
Louis S. Clarke, j. M. Bur-
yuieres, John M. Caffery, Z. A.
Pharr, L. l.. Clarke and j. A.
Pharr.
Thus done and passed in my Of
ice in the Parish Of Iberia, Safe |
If Louisiana, on the day. month |
md year first above mentioned in
he presence of Porteus r. Burke |
md s. G. Sumrall competent w.t. |
lesses, who have signed with ap-
pearer and me, Notary, after due |
Of the whole.
Originally Signed.
j. A. PHARR, $50 shares.
+. A .PHARR. $50 shares.
H. n. PHARR. 150 shares.
DONELSON CAFFERY,
BY II. N. Pharr, 200 shares. |
j. r. BURGUIRES,
BY H. N. Pharr. 100 shares. |