New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1919-12-27

of its assets, there is attached and an
nexted hereto and to be read in ccnnec-
ton with this Charter, an accurate, oe-
tailed and itemized description OF sucn
property, together with statement OF its
value as appraised by the Directors, az
in conformity with, Section 3 OF Act Zot
of the General Assembly of Louisiana Of
the year 1914.
Every sale of stock shall be made on
the books of the Company at its office
and on the surrender of the certificate
therefor, a new certificate being issued
to the proper holder thereof.
The capital stock of this corporation
may be increased to One Hundred Thou
sand Dollars, and the corporation shat
commence doing business as soon 10
Twenty Thousand Dollars of the capital
stock shall have been subscribed tor.
The Board of Directors shall have the
power to determine how much stock
shall be issued.
ARTICLE V.
The corporate powers of this Company
shall be vested in and exercised by a
Board of Five Directors, from whom shall
be elected a President q Vice President,
and Secretary, who shall also be Treas
urer.
The following persons each declaring
that he is bona fide owner Of share
of stock herein, shall constitute the first
Board of Directors:
DR.. J. Arthur Goodwin, whose Post
Office address is New Iberia La; John A.
Euquor, whose Post Office address Is
New Iberia, La; James P. Buquor, whose,
address is Lafayette, La; w. H. Sledge,
whose Post Office address is Kaplan, La;
and L. P. Olivier, whose Post Office adj
dress is Csde, La.
And DR.. ]. Arthur Goodwin shall be
President; James P. Buquor, Vice-Presi-
dent, and John A. Buquor, Secretary and
Elk Officio Treasurer. Three of said Di-
rectors shall constitute quorum for the
of business.
The said Board shall continue in office
until the second Monday of January
1921, on which day, and annually there
after, the Board Of Directors shall be
elected at a meeting Of the stockholders
ted at Two o'clock P. M. of said day,
unless the same shall be holiday, when
the election shall be held on the ). next
egal day thereafter; and the Board Of
Directors so elected shall at once proceed
o the election of the officers hereinabove-
provided for, who shall holds office for
me year.
'or the purpose of said election and for
'ther purposes incident to the transaction
# corporate business shall be delivered
personally or by depositing in the Post
Office, properly addressed to each stock
lolder, at least fifteen days before such
meeting.
At each annual meeting or any special
meeting of the stockholders that may be
,eld, the stockholders shall appoint some
to preside at said meeting.
Any failure from any cause whatever
o elect Directors the dav named for that
purpose, shall not dissolve the corpora
ion, but the Directors in office, as well
IS officers Of said Company shall hold
'ver until their successors are chosen.
n such event, the President shall cause
mother election to be held within thirty
lays, giving the notice required by law.
At every election and meeting each
tockholder shall be entitled to vote for
ach share Of sock registered IN his name.
nd may vote by rr.xy. After each elec-
ion, the Board Of Directors shall elect
rom theiF number the officers Of the
aid Company.
ARTICLE vi.
The full corporate power Of THE cor
'oration Is invested in the Board Of Di-
ectors. It may frame and adopt such
'y-laws, rules and regulations g the AZ
airs and business Of the Company may
equire and as il may deem necessary
Or the conducting and management
hereof, provided the same shall not con-
lict with this Charter or with The laws
the State and Of the United States. Il
hall appoint such agents, smployess,
representatives. and clerks - it NAV
eem proper, fixing their compense-
ion, term Of service, and dismissinS
hem 1t pleasure; and shall have the riehf
fix and determine the salaYies Of The
evsral officers herein provided for.
ARTICLE VII.
In the case Of dissolution o. tsrmina-
ion OF this corporation, either - iimifa-
ion Of its Charter. o. from any cauee.
- hquidation Of it, affairs shall IS ccn-
ucted b. two liquidstozs selected ~ -
tockholdsfs with I'll tho au4koritv !.
1anted By provisions Of Section - s. 4
ct zo7 Of the General Asssmbly q ]
ARTICLE vu1.
No stockholds1 shall eves IS hold Hshl>
! fesponsibls for the contrasts g 6ri1-
this cooperation n any furfser ~
lan y provided for " lsw. ~ I sSsm
~ mere inforunality - nrrsriesei.-
ave the Offset 81 5sndeyinx xfbIe rs.,-
4 nall Of exposing stocfho1der : -
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