New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-12-02

! The capital stock of this corporation
! is fixed at Five Thousand Dollars
| (S5 100000, divided into and represent
ed by Fifty go shares of the par value
of One Hundred Dollars ($10000) eacn
This corporation shall be authorized 4
commence business as soon as four thou
sand dollars of its capital stock shal
have been subscribed and paid for. The
remaining portion of the authorized cap
| ital may be issued from time to time anc
in such manner as the Board of Drec-
tors may deem to be to the best inter
est of said corporation.
ARTICLE w.
The name and post-office addresses o1
the subscribers to these articles of in
corporation and the number of shares Il
stock which each Of its stock holders
hereby agree to take and pay for, as fol-
lows: George J. Sabatier. Solange Z
Sorrel and Walter J. Burke.
ARTICLE v.
The corporate powers of this corpora
ton shall be vested in and exercised by
"a board of directors composed of three
stockholders, which board shall be
elected at its annual meeting of the
stockholders of said corporation to be
held on the third Wednesday of Novem-
Der of each year. The first annual meet
ing of said stockholders to be held on
the third Wednesday Of November 1917.
Until the first annual meeting of said
stockholders, the directors of this cor
poration are declared to be: DR.. Geo.
J. Sabatier, whose post-office address is
New Iberia, La; Walter ]. Burke, whose
post -office is New iberia, La, and
Solange E. Sorrell, whose post-office ad-
dress is Olivier. La.
The officers of this corporation shall
be president, ce-president. secretary
treasurer; who shall be elected from
among tho directors, and Immediately
following the annual election held BY
the stockholders.
Until the election to be held on the
3rd Wednesday of November, lo17, the
following shall be the officers Of this
corporation: DR.. George ]. Sabatie-,
president; Walter J. Burke. vice-presi
dent and Solange f. Sorrell, secretary
treasurer Any vacancy on the board
of directors shall be filled bv the remain
ing members of the Board for the unex
PRED term. Any vacancy in any office
shall be filled by the Directors for the
unexpired term.
ARTICLE VI.
The capital stock of this corporation
may be increased in accordance with
law to the sum Of Fifty Thousand $50
100000 dollars.
ARTICLE VII.
No stakeholder of this corporation
shall ever be held liable or responsible
for the contracts or faults of this corpora
tior in any further sum than the unpaid
balance due the corporation upon the
stock subscribed for herein; nor shall
my mere informally in the organiza-
ion have the effect Of rendering this
;harter null and void, or of exposing a
;tockholder TO any liability other than
herein provided.
New Iberia, Parish of Iberia. State Of
Louisiana. in the presence of Messrs
los. J. Smith and Julius Scharff, good
md competent witnesses, who have
lereunto signed as such, together with
aid appearers and me, Notary, on the
ay, month and year first above writ
en-.
Original Signed)
G. J. Sabatier, p o., New Iberia, La.
Solonge E. Sorrell. P. O., Olivier. La
Walter J. Burke. P. O., New Iberia. La |
Witnesses:
Jos. J. Smith,
Julius ScharH.
F. w. BAUMAN, Notary Public
hereby certify the foregoing to De
true and correct copy of the charter
m file in this office in Charter Book ]. |
folio 185.
L. r. TILLY.
Deputy Clerk |