New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1911-07-15

dollar, each payable in cash when called for BY the
Board of Directors, or may be given tor the pur
chase of property or for services actually rendered
or good viIl, az the Board OF Directors may elect.
No transfer OF stock shall be recognized unless
made upsn the books of the company
In the event any stookholder desires to dispose
corporation and ten DAYS allowed within to Pur-
chase said stock, at it, book value; but in the
event this corporation should purchase said
stock same shall be Offered to the Individual stock
holders, who ,h,l have five days in which to rur-
chsse same at its book value; and II not purchased,
such stock may be sold in open market.
This corporation may begin business as SOY as
three thousand dollars worth OF sock shall hive
been subscribed and paid FOR.
ARTICLE V
All the corporate powers of this corporation
and the entire management and control Of its
husiness shall be YES ted in and exercised BY n
Board of Directors, 80 be composed of not less
than three stockholders N majority OF whom shall
constitute quorum for the transaction of bust
ness and who may be present in person or by
oroxy The directors OF this corporation shall
be elected annually on the first Monday in
September at general meeting OF the stock
holders to be he Id at the office of this Company
after five days notice thereof shall have been
given 10y the Secretary in writing. and oy mail,
To each stoc kholder. SAID election shall be by
ballot and each stakeholder shall be entitled To
one vote which NAV be east by him in person or
by proxy A majority of votes cast shall elect
The Board shall elect from among its members
"A President Vice President, and Secretary, all Of
whom shall he Id Office until the next election and
the succv ssors qualified
The first Board of Directors shall be T Il.
Shilling, Max A. Shilling and Josie W Shilling
r. Il Smiling as President, Max A. Shilling as
Vice President and Josie W. Shilling as Secre-
tary. or,,,r,,,
This act Of incorporation may be changed or
amended or this corporation may be dissolved,
with the assent of three fourths OF the stock pre-
sent or represented at general meeting of the
stockholders convened for that purpose after
thirty DAYS notice, by a publication In "A news
paper in the City OF New iberia
ARTICLE VII
When this corporation is dissolved. by limita-
ton or from any other cause. its affairs shall be
Inundated by two mmissioners. to be selected
by a majority vote of the stockholders, present
or represented should any commissioner fail or
refuse To act. from any cause. the others shall
nave full power to act alone; and on the failure
or refusal of both commissioners to act from any
| cause the stockholders may select other com
m sioners in the IN amer above provided.
ARTICLE VIII.
| No stakeholder shall be held liable or responsi-
BILE for the cont acts debts faults qf this cor
poration in any further sum than thanthe unpaid
| balance due on shares subscribed for by him
| or them nor shall any mere informative In organ
izatios have the effect Of rendering this charter
null or exposing n stakeholder to any liability
| beyond the amount due by him Tor unpaid stock
Thus done and passed in my office in the City OF
New Iberia, the day, month and year herein
| first above written in the presence OF W. La
| Burke and +. W, Bauman, competent witnesses,
| who have hereunto signed their name with said
xppearers and me notary.
| lOriginxl sgned,l
MAX A. SHILLING. ........,. So. ~ SHARES
T. Z. SHILLING ..:.............. SHARE
JOSIE W. SHILLIN0............. SHARES
| ,,. w. L. BURKE
| Witnesses +. w. BAUMAN.
vENTRESS j. SMITH, Notary Public
| State Of Louisiana, Parish Of iberia.
| l. J. Leblanc, Jr., Deputy Clerk OF Court
| and TX Officio Recorder ond Conservator OF
| Mortgages in and for the aforesaid State and
Parish, do hereby certify that the foregoing is Z
true and correct copy Ut the original Act OF lncor
| porxtion of the New iberia Furniture and Mer
camille Con pany" Of record and on fie In Aiscel
| laneous Book No.-st folio No.
| In faith whereof witness my signature ant
seal of Office on this 18th day of July A. D 1911
| J. &. LEBLANC, JR., Deputy Clerk