New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-01-08


receiving goods on storage, issuing tn.
various receipts authorized therefor, max
ing charges for the same.
ARTICLE Ill
The capital stock of SAID corporation
shall be Five Thousand Dollars divided
INTO aud represented by Fifty shares OF
the sum of One Hundred Dollars each
which said stock shall be raid for IN cash
at the time of subscription, or be same
may he ISSUED ut not less than par in
payment or exchange for property OF
rights actually received o, purchased 10y
said corporation; and the same may be
Issued fully paid for money ndvanced or
for her valuable consideration or ser
vices as the Board of Directors Of said
corporation may determine. provided that
no stock shall be issued until the consiu-
GRAFTON therefor has been received by
sad corporation.
Every sale of stock shall be made on
III" books OF tie Company at lis office
and on the surrender of the certificate
therefor new certificates issued 10 tn.
proper holders hereof.
TIA" Capital o! this corporation may be
increased 10 ! wenty thousand Dollars.
THIS corporation shall commence doing
business as soon rs Three Thonsnnd Dol
lars of The Capital stock shall have been
subscribed aud the proportion required
by law paid in. The Board Of Directors
shaf! hav" the power to determine how
much additional stock shall he issued
within the limitations prescribed b,
this CHATTER.
ARTICLE ~.
IN" 1uIl corporate powers Of thi4 cor
poratlon Shall be ed IA and ,XercIsed
Nv Board OF three Directors; provided
mat IN the tXelciso Of the full corporate
rights ia matters which extend beyond
he usual authority of the Board of III
roctors, It shall be necessary for all III
rectors 10 concur il propositions Upon
failure OF such II concurrence, the matter
shall he submitted to the stockholders il,
the same manner as though the corporal.
power had been reserved From the Dr. |
rectors shall be elected n president, ANA ).
Secretary, who shall also he Treasurer.
Inc following persons each de- caring |
hat he is the bona tiae holder of u share |
u stoct herein unpledged will con-ttni.
me first Board Of Directors: Emile ajan,
whose address is New Iberia. La. ano
Charles A. Poisson, whose Post Office ad
tress IL Jeanerette, La, aud G.. A. Nc
;owen. whose Post Office address j,
Deanerette La.
Emile G#jan shall he President ant
Jharles Poi,sOn, Secretary Treasurer.
The said Board Of Directors shall con
niue IN office until the lSt day OF Decem
Der, 1917. on which date and annual, |
hereafter, the Board Of Directors shall
~ elected; the meeting of the stockhold
rs being held ut Two O'Clock =. NJ. O.
he SAID day unless the same shall be {.
'oiidny, when the election shall the fol.
owing legal day thereafter; and the
'oard OF Directors SO elected shall pro-
ted to the election of the officers herein
bOve provided for, who shall hold office
or one year.
Notice OF the meeting of stockholders
or he purpose of said election and TO,
Their purpose incident to the TRANSACTION
t corporate business shall he delivered
ersonally or by depositing in the post.
flee properly addressed to each stock.
older at least fifteen days before such
leeting
The Board Of Directors shall appoint (
ne stakeholder to preside at smch cleo ,
ion as Commissioner. In event of m.
allure OF the Commissioner to attend. tn.
resident shall by appointment fill the
Il
Any failure from any cause whatever |
, elect Directors the day named for til. I
urpOse shall not dissolve the CORPORATION I
ut the Directors in office MS well as tn. ,
her officers OF sad Company shall hole
yer until their SUCCESSORS are chosen.
n such event the Precedent sh II cans, 7
mother election to be held within thirt,
avs, giving the notice requiI. d by law +
At every election and meeting each :
Ockholder shall be entitled to one VOTE J
,r each share of stock registered i'm hi. I
anne and may vote by proxy. !;
The election of Directors shall be b,
allot and majority in amount of votes Z
as', each share of stock voted u, on t, C
punt for one, shall elect the person or q
pIsons for whom they have been east
fter each election the Board of Direct
Is shall elect from their number the Of S
GERS Of this corporation. Vacancies il
lall be filled for the unexpired term b, {
e remaining members of the Board OF r
irectors.
ARTICLE V. a
The Board of directors shall frame and h
lopt such bylaws and rules and reguIa- s.
Dns as the affairs and the business of 81
@ corporation may require and rs j; may =,
,pm necessary for the conducting and u
therefor, providing the same II
all not conflict with this Charter or T
ith the laws of the State and the United !,
ates. 1t shall appoint agents, employ. I"
s. servants and clerk as it may deem O.
oper, fixing their compensation, term k
service, and dismissing them at pleas, h.
e. 1t shall have the right to fix and de- -,
rhine the salaries of the several officers "
rein provided for r;
ARTICLE VI. II
In ease of dissolution or termination of m
is contract either by limitation OF its l.
or from any cause. the liqnida- =,
N Of its affairs shall be conducted b, u
q Ilqnidstor selected by the stockhold. &C
> with all the authority Or nted by pro i,
sion OF Section 80 Act 267 of the Gener. .,
Assembly of 1914. y,
Thus done and passed at my notaral u
lee in the Town of New 10 ria, Parish n;
iberia. on this End day of December, q,
Is. in the presence of j. LeJeune -.
d G. G. Edwards, good and competent 81
tnesses, who hereuntO siCn their names al