The weekly Iberian. (New Iberia, La.) 1894-1946, 1917-07-14
AkTlCLE vi

l.
ARTICLE VI
Ills charter may be anna,
anu the capital stock increased y
decreased, by a vote of two ~ y
o. an OF tue stock outstanding, Il
a special meeting OF the sbarsta, y
e'S ca''ed Tor that purpose in ina
manner heretofore providsd. J,
said amendment does not include : )
change IN the objects and p,,rnos.s
or an increase OF the eanit,I -.
~ excess OF the amount fixed BY
inns charter Should il be ,,,
lcSed to change the object, ana
purposes, or increase the cs,,,l
STOCK to an amount creates th.u
that named herein, then in tb.,
event three-fourths of all m ~
stock will be required to nerroo,
The amendment.
ARTICLE VII
" heneVer the Board of Directors
shall deem it necessary for IA
best interest of the company that
the corporation be dissolved tbav
shall adopt a resolution to that ~.
feet by majority of the whole
board, at meeting Of the board
held FOR that purpose and after
three full days notice I'd each N.
rector. Ten days after the adon-
tlon, or within ten days, thev shall
cause notice OF said resolution 10
be mailed to each shareholder la
gether with a notice convoking 4
special meeting OF the shareholders
to take action thereon, which meet
ing may be held al any time be-
tween the hours Of 10 O'Clock A. NJ
and 3 O'Clock p. M. OF the dale fixed
by the board. This meeting NAV
be adjourned from time to time BIZ
consent of the majority In interest
OF the shares present, and, il at
any original or adjourned meeting
two thirds in interest of all OF the
shareholders of the corporation
shall vote in favor of the dss0lll-
ton, the proceedings shall be GER
titled to the Secretary OF State ac-
cording to law. After the legal re-
quirements shall have been COM
LIED with the corporation shall
stand dissolved and the Board shall
publish notice of such dissolution
rot less than three times In news
paper published in the Town 81
New Iberia, La, and thu corpora
ton shall proceed to wind up ts
affairs. Should all OF the share
holders consent in writing to- the
OF the company, no
or notice thereof shall be
necessary.
ARTICLE VIII.
Upon the dissolution OF the cor
poration the shareholders shall
elect from among their number one,
Or more, liquidators, with or with
)ut bond, with full power to settle
is affairs, collect its debts, sell
md convey its property, pay 10
obligations, and divide any re-
assets among the share
'olders pro rata, and exercise such
,ther rights and powers as are
'ested in liquidators by tina laws
# this State.
ARTICLE TX.
No shareholder shall ever DO y
BILE or responsible for the eoh-
racts or faults OF the rorporatioh
n any further sum than the unpaiu
alance due on his stock for Wh'ch
e has subscribed, nor shall any
1ere informality in organiza.'oh
ave the effect of rendering TINS
harter null or exposing share
older to any liability other tlap
he balance due on his stock SUP
cribed for by him.
In order that this act oil Ihco'
GRAFTON may also serve as i"e
riginal subscription list, the sun
.ribers have set forth the number
t shares subscribed for by eaei'
ppositc their names, with tug"
post office addresses
,rding to law.
Thus done, read and passed of' =
ire me at New Iberia, La, IN pfe
.nce of G. Labauve and 1i'os
arv. competent witnesses, this
nd day of May, A. ID. 1917.
A. $. Lewis. Dallas, Tex, 80 shsfs''
Jno. J. knight, New IBERIA -
shares. j.
V. l.. Caldwell, Abbeville, La'
ares. -
L..