New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1918-02-09

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chase, sell. convey. lease, pledge, pawn,
hypothecste and mortgage property of
any and all kinds, real, personal or mixed,
corporeal or iDcorporeal to have and APP
point such managers, directors, officers
| 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 or
other legal process shall be served upon
the President OF said corporation. or in
his absence upon the Secret airy Tire 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 is organized and the nature
of the business to be carried on are here
by declared to be: go engage in and con-
| Duct general insurance business, inelu-
ding that OF fire, accident, liability
compensation, fidelity and all of the al
lied branches of general insurance
business.
ARTICLE ".
The capital stock of this corporation 10
hereby declared to be the sum of Five
Thousand Dollars (S5, Zoo. OO) divided in
to fifty shares of the par value of One
Hundred Dollars (sI0O.CO) per share.
Said stock to be paid for in cash. or in
exchange for such property as may be
authorised 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
poration shall begin business az soon AZ
Two Thousand Dollars Of the capital
stock shall have been subscribe ID land 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
b subscribed and paid for by the trans.
fer to said corporation of . certain insur-
ance business and ito good will, the same
aggrskatiDg valuation as is set forth in
detailed statement Of said properties
which IL hereto annexed and paraphed
Ne Varietur for Identification with this
act OF incorporation. The said detailed
and itemizsd statement hereto annexed
is to be read In connection with the pyo. |
visions Of this Charter and in accord an 90
with Section Three sfAct 267 of the Gen.
eral Assembly Of 1914.
ARTICLE v.
The cooperate powers of said CORPORA |
tion shall be vested in and exercised by. |
and all the business affairs Of this COR
paration, shall Be managed and conduct
cd BY Board Of Directors composed Of
three members to be annually elected
on The second Monday Of January Of saeh
year. All such elections shall be by
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 bsan held upon the day fixed.
then 1t shall be the duty of the Directors
TO fx another day within thirty DAYS for
Ihe holding Of said election. The Di.
reotors shall continue to hold their Offices
until their successors will have been
elected and installed, and any vacancy
occurring In the Board Of Dire stors from
my cause whatever, shall be filed BY
election BY the remaining Directors.
Eve Direcsors shall constitute a quorum
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Thsrs shall 30 President, . Vice
President and Q Secretary Ire asurer
slested annually by the Board Of Direct
Drs, and until the first annual meeting in
January 1919, the following members
hall compose the Board OF Direct
% wit: Ventress J. Smith, whose address
. .1esw 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
irst officers. to wit: ventrsss J. Smith,
President; Henry N. Pharr, Vice Presi.
tent; and Secretary Treasurer, Katherine
)rajg.
ARTICLE vi.
Notice Of all meetings Of stoc kholders
'or election Of officers fer any other pur-
pose, shall be given in writing by the
by mail at least ten days be-
'ore the meeting IL held, and directed to
zach stockholder or his name and ad-
lress shall appear ON the books Of the
uBless such notice 10 waived
n writing by the stakeholder. At all
every stakeholder, in person or
~ proxy, shall be entitled to one vote
lame, and the majority Of votes shall
lecide all questions voted upon atsaid
meeting.
ARTICLE VII
Ne stockhslder shall ever bs liable Or
esponsibls for the contracts, faults or
lebts Of the corpor alton in any ether sum /,
hen the unpaid balance due for the stock !.
absorbed to BY him, nor shall any in
ornality in the organisation have the !
feet of rendering this Charter null or Of !
xposing any stoekholder to any liability
syend che unpaid balance due upon his
tosk. Il
ARTICLE VIII. =
This act Of corporation may be altered. 3
nsndsd Or modified, or the corporation :
ny be dissolved. or may b msrged :
18th another corporation by vote oil :
Vo-thirds in amount Of the capital stock :
,prsented ct any general meeting Of !.
ockholdsrs called Tor that Du nose =
her netics ~ provided for BY law, and =
ease Of liquidating commissioners, :
no shall have sntire charge Of such H. :
l. T.. A. 1