New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1918-02-16
1t shall have power to contract, sue

| any ana all xmas, real, personal Or mixed
corporal or iDcorporeal to have and ap
point such managers. directors, oncer
and agents as the business may require
and to make and establish, as we'll as al
ter and amend FROM time to time, suci
by laws, rules and regulations as may b.
deemed proper and necessary in the con
dnct of the business ofthis company.
ARTICLE Eli.
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
tne President OF said corporation, or in
his absence upon the Secretary Ire asurer
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: TO engage in and cen
duet a general insurance business. inclu-
ding that of fire, accident, liability,
compsn satios, fidelity and all Of the a.
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 US, COO. OO) divided in
to fifty shares of the par value of One
Hundred Dollars ($l0O.CO) per share.
Said stock to be paid for in each. 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. OO). The said cor
poration shall begin business as soon as
Two Thousand Dollars of tho 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
aggreEating valuation as 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 itemizsd statement hereto annexed
is to be read In connection with The Do
visions Of this Charter and in accord anc 90
with Section Three Of Act 267 of the Gen.
.ral Assembly Of 1914.
ARTICLE
The corporate powers OF said CORPORA
ion shall be vested in and exercised by,
md all tho business affairs of this cor
'aration, shall be managed and conduct
ID by Board Of Directors composed of |
hree members to be annually elected
N the second Monday Of January OF each
rear. All such elections shall be by
ballot, and the notice Of said meeting /
must be given In the manner required by
aw. II for any reason the election will
lot have been held upon the day fixed.
hen it shall be the duty Of the Dire ctors
fx another day within thirty days for
he holding of said election. The Di-
ectors shall continue to hold their Offices
ntil their successors will have been
lected and installed, and any vacancy
ccuring In the Board Of Dire etors from
ny cause whatever, shall be filed by
lection BY tho remaining Directors.
'wo Directors shall constitute quorum
Or the transaction of business.
Thsrs shall BE- President, q Vice.
resident and Secretary Ire asurer
Tested annually by the Board of Direct
re-, and until the first annual meeting in
anuary 1919. the following Nom ers
hall compose the Board Of Dire ctors.
} wit: Ventrsss J. Smith, whose address
New Iberia, La, Henry N. Pharr.
hose address 10 Olivier, La. and Miss
atherine Craig, whose address is New
3eHis, La.
And the following shall constitute tho
rst officers. to wit: Ventrsss ]. Smith.
resident; Henry N. Pharr, Vice. Presi.
mt; and Secretary Treasurer, Katherine
raig.
ARTICLE vi.
Notice Of all meetings Of stock olders
+ election Of officers fer any other pur-
Dss, shall be given in writing by the
ssretary by mail. at least ten days be- /
r. the meeting 10 held, and directed to
'ch stockholder or his name and I'D.
'ess shall appear ON the books of the
unless such netice 10 waived s
writing by the stoekholdef. At all =
ceilings every stockholder, in beysen or
: proxy, shall be entitled to one vote
r each share Of stock standing on his 2
lme, and the majority Of votes shall II
'cide all questions voted upon at said
Getting.
ARTICLE VII q
No stakeholder shall ever be liable Or =
spopsihls for the contracts, faults or
bits Of the corporation in any ether sum r
EN- the unpaid balance due for the stock +
described to by him, nor shall any in e
rnality in the organisation have the
feet Of rendering this Charter null or OF n
posing any stoc kholder to any liability
yend the unpaid balance due upon his
oek,
ARTICLE VIII. o
This act Of corporation may be altered, Fl
,endsd Or modified, or the corporation r
~ be dissolved, or may be merged :
tn another corporation by vote Of L
o-thirds in amount Of the capital stock a
prsented at any general meeting Of cl
'ckholdsrs called Tor that On pose
sr netics - provided for BY law. and
case Of liquidating commissioners. II
% shall have entire charge Of such IL e,
ldatioD in accordance with the powers n
tied in them by the stockholders ana
pursuance Of such provisions Of law g =
y be then in force. In the event Of IL