New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1918-03-02

pleasure to have, hold ana receive, pur
chase, sell, convey, lease, pledge, pawn
by pothecate and mortgage property o.
any and all kinds, real, personal or mixed
corporssl or in corporeal ; TO have and sp
point such managers, directors, odcers
and agents as the business may require
and to make and establish, as 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
the President OF said corporation, or in
his absence upon the Secretary Treasurer
and in the absence Of both, upon any Of.
ficsr as may be designated by law.
ARTICLE Ill.
The objects and purposes for which this
corporation is organized and the nature
OF the business to be carried on are here
by declared to be: 80 engage in and con-
duet general insurance business, inelu-
ding that of fire, accident, liability,
compensation, 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 (S5, ZOO. 00) divided in
to fifty shares of the par value of One
Hundred Dollars ($l00.C0) per share.
Said stock to be paid for in cash. or in
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. OO). The said cor
porstion 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 q certain insur-
ance business and it's good will, the same
aggreGating valuation as is set forth in
q detailed statement of said properties
which 10 hereto annexed and paraphed
Ne 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 accord an GO
with Section Three Of Act 267 of the Gen.
oral 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 q Board Of Directors composed of
three members to be annually elssted
,n the 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
Jaw. II for any reason the election will
not have been held upon the day fixed,
hen it shall be the duty of the Directors
10 fix another day within thirty days for
The holding Of said election. The Di-
rsctors shall continue to hold their Offices
until their successors will have been
sleeted and installed, and any vacancy
in the Board Of Dire stors from !!
any cause whatever, shall be filed BY |
election by the remaining Directors. |
Two Directors shall constitute quorum
'or the transaction of business.
There shall be President, q Vice.
President and Secretary Treasurer |
elected annually by the Board of Direct.
'rs. and until the first annual meeting il |
January 1919, the following members
hall compose the Board of Directors,
o wit: Ventress J. Smith, whose address |
8 New Iberia, La, Henry N. Pharr,
whose address il Olivier, La. and Miss
katherine Craig, whose address is New
beria, La.
And tho following shall constitute the
irst officers. to wit: Vsntrsss ]. Smith,
resident; Henry N. Pharr, Vice Presi.
snt; and Secretary Treasurer, Katherine
;raig.
ARTICLE vi.
Notice Of al meetings of stockholders
or election Of officers fer any other pur-
sss, shall be given in writing by the
eeretary by mail. at least ten days be.
ore the meeting 10 held, and directed to
ach stockholder or his name and i'd
ress shall appear Oh the books Of the
unless such notice 10 waived
q writing by the stakeholder. At all
'eetings every stakeholder, in person or
y proxy, shall be entitled to one vote
or each share Of stock standing ON his
anne, and the majority Of votes shall
ecids all questions voted upon at said
,eeting.
ARTICLE VII
Ne stoekhslder shall ever be liable Or
= snonsihla for the contracks fanlt ~