New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1913-09-13


corporation. or for labor done for
the said corporation. All stock
shall be full paid and non-as-
sogsable. and all transfers must
he made on the books Of this
CORPORATION. Every stakeholder
shall have one vote for each and
every share Of stock IN his name
on the books of this corporation.
, This corporation shall he u
polng concern as soon rs Fifty
Thousand Dollars worth of the
capitaI stock thereof shall have
been subscribed for
Article V,
All the corporate powers OF
this corporation shall h' vesteN
j., AMI exercised by Board ot r.
Directors 10 lie composed of Five
e,oclkhoIdors. who shall be clccs-
oI annually on the last Monday
of April beginning IN the year
1911
All such elections shall be by
ballot. and shall he held at the
office Of the corporation under
fine superintcndance Of two tom-
missioncrs TO be appointed Tor
that purpose by the Board of III
raotors. Ten days notice Of
snch election must be given by
publication in newspaper pun
iiehod IN the Parish of IBERIA.
Each share Of stock shall he en-
titled to one vote to he east ny
lis owner IN person or ny proxy
duly appointed in writing, and
majority Of votes so east shall
olont A failure TO elect Dlree-
tors on the date aforesaid shat
NOT dissolve this corporation, but
tha Board of Directors then IN
office shall hold office until Their
successors are duly elected AMI
qualified. by an election held on
some other day. after the notice
above required and specified.
Vacancies occurring on the
BOARD of Directors shall he hlled
hv the remaining directors. Three
directors shall constitute quer-
nm for the conduct of che bust
ness Of this corporation. AT
the first meeting Of the Board OF
Directors. after the election OF
the sail Board of Directors, the
said Board of Directors shall
elect from it's number, a Presi-
dcne. n Vice President, Secre-
tary-Treasurer; said Board shall
also appoint, from time to time,
such other officers, agents, en-
ployees and clerks as may be nee
pssarv for the proper conduct OF
its business, and TO fix their
compensation. and to dismiss
them at pleasure said Board
shall also make and establish
such by laws, rules and regula-
tons as may he necessary for the
management Of this corporation,
and change and alter the same
at pleasure. The said Board OF
directors shall have full power
and authority to contract debts,
borrow money, issue notes, bills,
bonds and other evideHoes of ln-
debtedness. execute and graniN
mortgages and generally to dofe
all things necessary for the CONT
duet of it's business Also full
power to issue and deliver fult
paid stock or bonds or obligations
of said corporation III payment
for labor done, or money bor'
rowed, or property or rights act
ualIy received or purchased by
this corporation.
The First Board of Directors
Of this corporation shall be the
following: Adrien Gonsoulin,
President; Thomas Gonsoulln,
Vice President; Gilbert GOnsou-
lin. Secretary-Treasurer Julius
Adler and Raoul Adler, and they
shall serve until their successors
are duly elected and qualified.
ARTICLE vi.
Whenever this corporation 10 dissolved
either by limitation or otherwise, its af.
| fairs shall be liquidated or settled By
| three of its Stockholders TO be appointed
| for that purpose by the stockholders Of
this corporation ut n general meeting to
be convened for that purpose, after Thirty
| days public notice thereof, in a nswspa-
per published in Iberia Parish, state
Of Louisiana. Said liguidators shall wind
| up the affairs OF tho said corporation In
the shortest time possible; in ease.of death
| or resignation, OF one or more n the said
| liquidators, the stock holders slrVsll be Sou.
vened after . notice ~ Aforesaid, OF ten
days only, ard elect n successor to the
| deceased who shall be vested with full
powers of liquidation formerly enjoyed
by the liquidstor of liquidstors who may
have died.
ARTICLE VII.
This net Of incorporstion may be chang
ed, modified OF altered, or said corpora
ton may be dissolved, with the assent Of
the majority In amount of the capital
stoak OF the said corpor alton at n general
meeting Of the stockholders convened for
such purpose after thirty days notice
thereof shall have been given in news
paper published in iberia Parish. Louis
lana, prior to the date Of said meeting.
ARTICLE VIII.
No stakeholder shall ever be held liable
or responsible for the contracts or faults
OF this corporation In any further sum
than the unpaid amount due on his stock
subscription I; nor shall any mere inform
ality in organization have the effect Of
rendering this charter null and void or OF
exposing stockholderto any liability be.
You'd the amount due by him on his said
stock.
The list of subscribers hereto affixed
shall serve as The original subscription
list OF this corporation.
Thus done and naasad In nv nfRAa In