New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1918-02-23
1t shall have power to contract, sue

seal, and the same to alter and break q
pleasure to have, hold and receive, pur
chase, sell, convey, lease, pledge, pawn
hypothecate and mortgage property o.
any and all kinds, real, personal or mixed
corporal or ipcorporeal to have and ap
point such managers, directors, ofacer'
and agents as the business may require
| and to make and establish, a. we'll as al
ter and amend from time to time, such
bylaws, rules and regulations as may be
deemed proper and necessary in the con
dnct of the business Of this company.
| ARTICLE II.
The domicile Of this corporation shall
be at New Iberia, Parish of Iberia, State
Of Louisiana, where service Of citation OF
other legal process shall be served upon
toe President OF said corporation, or in
his absence upon the Secretary Treasurer
and in the absence of both, upon any Of
fcsr as may be designated by law.
ARTICLE III.
The objects and purposes for which this
corporation 10 organized and the nature
| of the business to be carried on are here
by declared to be: 80 engage in and cen
duct a general insurance business. inelu-
ding that Of fire, accident, liability,
compsns atios, fidelity and all of the al
lied branches Of general insurance
business.
ARTICLE w..
The capital stock of this corporation 10
hereby declared to be the sum of Five
Thousand Dollars ($5, 600. O0) divided in
Hundred Dollars (@lO0.0O) per share.
Cat ckn - Lo ~,
exchange for such property as may be
authorized by law and made in conform
ity 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.
Aud 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 as is set forth in
detailed statement Of said properties
which IL hereto annexed and paraphed
No Varietur for Identification with this
act of incorporation. The said detailed
and itsmizsd statement hereto annexed
is to be read in connection with the pro.
visions Of this Charter and in accordance
with Section Three efAct 267 of the Gen
eral Assembly Of 1914.
ARTICLE v.
The cooperate 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 ths second Monday of January of each
year. All such elections shall be by
ballot, and the notice of said meeting
must be given In the manner required by
law. II for any reason the election will
not have been held upon the day fixed,
then it shall be the duty of the Directors
to fix another day within thirty days for
the holding of said election. The Di-
rectors shall continue to hold their Offices
until their SUCCESSORS will have been
elected and installed, and any vacancy
occurring in the Board Of Directors from
any cause Whatever, shall be filed by
TIVE Directors shall constitute quorum
for the transaction of business.
/ There shall BE- a President, Vice
President and Secretary Ire asurer
elected annually by the Board of Direct
ers, and until the first annual meeting in
January 1919, the following members
shall compose the Board of Directors,
to wit: Ventrsss j. Smith, whose address
is 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 officers. to wit: Vsntrsss ]. Smith,
President; Henry N. Pharr, vice-Presi.
dent; and Secretary Treasurer, Katherine
Craig.
ARTICLE VI.
Notice Of all meetings OF stockholders
for election of officers for any other pur-
psss, 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 nane and ad-
dress shall appear On the books Of the
corporation, usless such netiee 10 waived
In writing by the stakeholder. At oil
mOVSAuRB 0v01y UtVOA0OlO0IS IN p0BU0U
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
Ne stockhslder shall ever be liable Or
responsible for the contracts, feults Or
debts Of the eerpor ation in any ether sum
then the unpaid balance due for the stock
subscribed to by him, nor shall any in.
1ornality in the organisation have the
effect Of rendering this Charter null or OF
exposing any stockholder to any liability
beyond the unpaid balance due upon his
stock,
ARTICLE VIII.
This act Of corporation may be altered.
amended Or nediAsd, Or the corporation
may DO dissolved. or may be merged
with another corporation BY Q vote Of
two-thirds in snount Of the capital stock
represented ct any general meeting Of
stockholders called Tor that Du pose