New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1910-11-12

: ton, the stockholders may provide
for such other officers as they IL IN
necessary. All Uf the sald officers
shall be chosen by the Board oi
Directors at its FIRST meeting sue
cecdlng the netting Of the stock
holders, and annually thereafter,
on the Inst Tuesday after the I'rst
Monday Of February IT each year.
The power and dwiies Of such
officers shall be such as are Gus
tomarily enjoyed ana exercised by
Those holding Ike positions ana
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 lquidated by (3) three com
Imissioners to be appointed from
among the stoc kholders at a gen
eral meeting Of the stockholders
to be convened for that purpose al
ter (30) thirty days notice by pub
lieatlon 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
tne aIialrs of the corporation shall
have been fully liquidated. and in
the ease of the death of any one or
more of the sa Comm ssioners.
the survivor pr survivors shan
elect a successor or successors from
mong the stockholders. The com
pensatiou 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
sIlect any and all moneys, obllga-
Tons, bills and accounts due the
said corporation and receipt for
the same; to sell at public sale al
ter legal advertisement, by pub
LEGATION 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 inlmoyable and upon
such terms and conditions as they
may deem proper and to execute
q good and valid thIle 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
jarity Of the stock, and shall |
make Q final report of their ad-
ministration at meeting OF the
stockholders whenever requested
10 do 50 by the holders Of ma
jority Of the stock. Ten (1O) days
notice of such meeting shall be
given to all parties ip interest by
public in newspaper pub
lished in the Parish of iberia, Lou
siana, 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, tho 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 |,
stockholders called for that pur-
pose by publication in newspap-
er published ia the Parish Of |,
Iberia, Louisiana, aud after the
pbseryance Of all statutory re-
quirements of the State Of Lou
isisna in connection Herewith.
Article TX. Il
No stakeholder shall ever be II
held liable or respoqsihle for the
acts, contracts or faults Of this
corporation in any further sum
than the unpaid balance due or
hat may be due this Company on
shares of stock held by him. Nor
'hala any informality in it's or /
sapization render this charter null
,r have the effect Of exposing any
stakeholder to any liability be- I
Fond such unpaid balance due on
lis stock. Il
Thus Done aud Passed in my l
,ffice, in the CITY of New Orleans, {
State Of Louisiana on the day and {
late above written in the pres
nee of Messieurs John Dynpnd, {
Ir., and BENZ, NJ. Foster, comp
tent witnesses who signed these |
presents with the said appearers
md me, Notary, after due read.
ng thereof, the said appearers de- I
'laring that they have placed af- .
Ter their names the number Of
shares of stock respectively SUBJ
by them aud that they do
sdopt thls as their stock subscrip.
ion
Original signed by the stock
folders. II
Witnesses:
John DymOnd, Jr.
l