The weekly Iberian. (New Iberia, La.) 1894-1946, 1912-05-11
ARTICLE ".

| Sucu IN It's thOrate name. eDa
row money, make contract. mai.
and use a Corporate Seal, ill.,, Sam
to alter and break Al pirayMy
name and appoint managers, difra-
tors, Officers, clerks and employ
| ees as the interest and cOnVrnlrrr,
OF said Corporation may r. iulr,..
make and establish such hy-IaH
rules and regulations fol the pfou-
CT management and regulation 6f
| the affairs of said corporatI0n a.
| may be necessary and the SANE t.
alter and change at rlcasl5r
and possess all rights, pOWrF~ AND
privileges to- which CORPORATIONS
are or may be by any general law
or laws of this State authorized
and entitled to possess.
ARTICLE V.
The Capital Stock of this Cos
poration is hereby fixed at Ten
| Thousand (Sl0,00W Dollars, H.
pre- scnted by One Hundred iaw
shares of One Hundred tsl0W boz
lars each All stock subscribed
| shall be payable in full in cash at
the time of subscription All trans
fcrs of stock shall be made On tic
books OF the Company, and shall ~
| signed by stock holder or his ai-
torney in fact. This Corporation
| shall begin business as soon q.
Thirty (30) shares Of stock Shall
have been subscribed and paid for
in cash. The following named per
sons are declared to be the in
cOrpOratOrs Of this Company With
the number of shares presently
subscribed and paid for, opposite
their names, to w.t.
| Alexis VOORHEES,, IS shares, 1890 ri
Francis j. VOORHEES,, 10 share, tupe. vs.
Sidney G. Voorh cs, shares, 0.03
Three Thousand Dollars, 5000. 0D
The Directors may issue furt her
stock to the amount not vet sub
scribed.
ARTICLE VI.
All the Corporate powers of said
Corporation shall be vested in and
exercised by a Board of three di-
rectOrs, each of whom must own
at least one share of the Capital
Stock thereof; they to be elected
annually or hte first Monday Of
May of each year. Said election
shall be by ballot at the office of
said Corporation under the super
vision Of one commissioner to be
appointed Ey the President. Each
share of stock shall entitle It's
owner to one vote in person or ~
proxy, and the majority of votes
east shall elect. Any vacancy oc-
curing among the directors by
death, resignation or otherwise
shall be filled by election for the
remainder Of the year by the re
naming directors. A, failure to
elect directors on the date above
specified shall not dissolve the
Corporation, but the directors
then ils office shall remain in OF
flee until their successors are
elected, and they shall as soon az
possible cause an election to bc
held as above provided. Three di-
rectOrs shall constitute a Iuor,m
for the transaction OF business, and
the Board of Directors shall at
their first meeting following their
annual election, elect one OF their
number to be President, and an
other to be Vice President, and a
third to be Secretary and Treas
uler.
ARTICLE VII.
This act may be changed, modi-
lied or altered, or the said Cor
pOratiOn may be dissolved at al
special meeting of the STOCKHOLM
ers convened for that purpose, at
ter giving thirty days prior no.
tice by publication in any news
paper published in the City of New
Iberia, Parish of Iberia, Louisiana.
with the assent of three-fourths
of the Capital Stock of said Cor
pOratiOn.
ARTICLE VIII.
No stakeholder of this Corpora
ton shall ever be held liable or
responsible for it's contracts or
faults in any further sum than the
unpaid balance due on the shares
OF stock owned by him, nor shall |
any informality in the organiza-
ton have the effect of rendering
the Charter null, or of exposing
the stakeholder to any liability be-
yOnd the amount of his Origina,
subscription.
ARTICLE TX.
The following named persons
shall constitute the first Board
of Directors, being invested with
Fnil power to do and perform all
.hlngs necessary to carry into eff
'ect the objects and purposes OF
his Corporation, namely Alexis
y oorhies, Sidney G. VOORHEES,,
Francis J. VOORHEES,, with Alexis
Y oorhies as President, Sidney c.
voorhies as Vice President, and
francis J. VOORHEES, as Secretary
md Treasurer. They shall hold
heir offices until their successors
lave been duly elected.
ARTICLE
Whenever this Company shall be
dissolved by tho expiration of its
,harter or otherwise, it's affairs
hall be li4uidated by two com (
nissiOners elected from among
ne stockholders at the meeting
declaring the dissolution of said
corporation, or at general meet
ng held for that purpose after no.
ice and publication in one of the ::
,apers published in the City of :
Jew Iberia. Said commissioners ..
hall be vested with full and com
'lete power to liluidate the bust
ess of said Corporation.
Thus done and passed at my Of =
ice in New iberia, Parish and !;
N nF@