New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1918-02-02

Aou uHSHcuSs VI general lusuI Hncs
business.
ARTICLE Nv.
The capital stock of this corporation ID
hereby declared to be the sum of Five
Thousand Dollars ($5, 900. O0) divided in
to fifty shares of the par value of One
Hundred Dollars (el0O.0O) per share.
Said stock to be paid for in sash. or in
exchange for such property as may be
authorized by law and made in conform
itv with legal provisions. The capital
| stock Of this Company may be increased
according to law to the sum of Ten Thou.
sand Dollars $4,000. O0). The said cor
poration shall begin business as soon as
Two Thousand Dollars OF the capital
stock shall have been subscribed, and the
amount required by law shall have been
paid for in money or other property.
And il being contemplated that the
bulk of the stock in said corporation shall
be subscribed and paid for by the trans.
fer to said corporation of . certain insur-
| ance business and its good will, the same
agGregating valuation a. is set forth in
. detailed statement Of said properties
| which 10 hereto annexed and paraphed
No Varietur for Identification with this
act of incorporation. The said detailed
and itsmixsd statement hereto annexed
is to Be read in connection with the pro-
visions Of this Charter and in accordance
with Section Three efAet 267 of the Gen
eral Assembly Of 1914.
ARTICLE v.
The corporate powers Of said corpora
ton shall be vested in and exercised by,
and all the business affairs Of this COR
paration, shall be managed and conduct.
ed BY . Board Of Directors composed Of
three members to be annually elected
on the second Monday Of January Of sash
year. All such elections shall b b.
ballot. and the notice Of said meeting
must be given In ths manner required By
law. II for any reason the election will
not have been held spon the day fixed,
then 1t shall b the duty Of tAe Directors
to 6x another day within thirty days for
the holding Of said election. The Di-
rsstors shall continue to hold their oiices
until their successors will have been
elected and installed, and any vacancy
occurring In the Board Of Directors fron
any cause whatsvsr, shall be filed BY
election By the remaining DiresteSe.
I've Directors shall constitute quorum
for the Transaction Of business.
President and Secretary Treasurer
elected annually by the Board Of Direct
ore, and until the drst annual meeting II
January 1919, the following members
shall compose the Board Of Directors,
to wit: vsntrsss ]. Smith, whose address
10 New Iberia. La. Henry N. Pharr.
whose address 10 Olivier, La. and Miss
Katherine Craig, whose address is New
Iberia, La.
And the following shall constitute the
first oficsrs, to wit: vsntress ]. Smith,
President; Henry N. Pharr, Weep
dent; and Secretary Treasurer, katherine
Craig.
ARTICLE vi.
Notice Of oil meetings Of stockholders
for election of officers fer any other pur-
pose, shall be given in writing by the
Secretary by mail. at least ten days be-
fore the meeting 10 held, and directed to
each stockholder or his name and ad-
dress shall appear Oh the books Of the
corporation, unless such netiee 10 waived
In writing by the stakeholder. At all
meetings every stakeholder, in person or
BY proxy, shall be entitled to one vote
for each share Of stock standing on his
name, and the majority Of votes shall
decide all questions voted upon 1T said
meeting.
ARTICLE VII
No stoekhslder shall ever be liable Or
responsible for the contracts, faults Or
debts Of the corporation in any ether sum
then the unpaid balance due for the stock
subscribed to by him, nsr shall any in
fornality in the organisation have the
effect Of rendering this Charter null or OF
exposing any stec kholdeY to any liability
beyond The unpaid balance due upon his
stock.
ARTICLE VIII.
This act Of cooperation may be altered.
amended Or modified, Or the corporation
may be dissolved. or may be merged
with another corporation by 4 vote Of
,wo-thirds in amount Of the capital stock
ct any general meeting OF
stock holdsrs called for that pm pose
after netics - provided for by law. and
In ease Of liquidating commissioners,
who shall have entire charge OF such IL
quidation in accordance with the powers
vested in them by the stockholders and
in pursuance of snch provisions Of law ~
may be then in force. In the event of q
vacancy among the liqlidators such
vacancy shall be filed by the the remain
ing Liquidators.
Thus done, executed and signed on the
day. m0nth and year first above written,
in the presence Of Po-teus 3. Burke and
Arthur BeAexnayder, good and com
petent witnesses, who have hereunto sub
ecribed their names with appearers and
me, Notary, after due reading.
JOSEPH ). SMITH, IS Shares,
Per v. ]. Smith.
vENTnESS J. SMITH, 9 Shares.
HI. ". PHARR, Shares.
KATHERINE Dew. CRAIG. 1SAars
Witnesses: PoxrEus h. BURKE.
ARTHUR SClIxNAYD1R.
[Orieinal eig.) =. -. BAuMAN.
Nseasy P1blis.
AAAoee. y - 2epy y 10 original
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