New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-10-16

anu Al cNCnAHBe OF properly real dnC
movable, consisting of, first real estate
second, grain and feed products, anc
third, open accounts, all as are NOR,
particularly set out in a detailed anc
itemized statement thereof hereto an.
nexed and to be read in conjunction with
this charter. At all elections and meet
ings of the stockholders, each share Of
stock shall be voted, either by the per
son in whose name the stock appears
upon the books of the corporation at the
time of the meeting, or by an agent in
proxy, duly authorized in writing to that
effect. The capital stock of this corpo-
ration may be increased to One Hun
bred Thousand Dollars.
ARTICLE vi.
The business affairs and corporate
powers Of this corporation will be vested
in and transacted by Board Of Direc-
tors of not less than four, nor more than
seven Directors, 70 be chosen from the
stockholders at the annual meeting to be
held on the fourth Monday of September,
or in the event of failure to hold said
meeting on said date, at as early date
thereafter as practicable. The number Of
the Directors to serve in each year shall
| be fixed at the meeting of the stockholo-
ers held for the purpose of electing 4
Board of Directors. In the event the
Board of Directors so elected should con-
sist of less than the full quota allowed
and for any reason the Board of Dircc
tors should desire to increase the number
of Directors during any term to the full
number authorized, the said Board shall
tba riub4 4O &c harc hy
the selection Of the additional Directors
from among the stockholders, and any
director or directors so selected shall be
vested with as full and complete author
ity as though selected at the meeting hel3
by the stockholders and by said stock
holders. All elections shall be conducted
under the supervision of three members
to be appointed by the Board of Direc
tors for that purpose, and in the event
" any Of said Directors failing TO act.
the president shall appoint one or mora
to fill the vacancy, as the case may re-
quire. The Board Of Directors shall
elect from their members a President,
Vice President and Secretary and Treas
urer, who shall serve until their successors
are elected and, qualified. The Board of
Directors shall make such bylaws and
regulations as they may think proper
for the transaction of the business and
affairs of said corporation, and change,
alter and amend the same at pleasure
appoint and fix the salary of all officers,
clerks and employees, the same to change,
or alter at pleasure, to sell, convey,
mortgage, pledge, lease, purchase prop
erty, movable and immovable, borrow
money, issue notes and bonds, and make
contracts, and do any and all things as
fully and completely as can be exer
cised under this charter, as fully and
and completely as could be done at a.
meeting of the stockholders. A majority
of the members of the Board Of Direc-
tors shall constitute a quorum for the
transaction and management of all bus
mess of said corporation. The first
Board of Directors shall be composed of
M Bergerie, New Iberia, La; P. Z.
Bergerie, New Iberia, La: A. ]. Suber-
belle, New Iberia. La; ]. p Suber-
belle, New Iberia, and postoffice ad-
dresses being same, with the authority
to increase the number in the manner
set forth above The officers hall be M.
Bergerie, President; A. ]. Suberbielle
Vice President; ]. P. Suberbielle, Secre-
tary and Treasurer. The postoffice ad-
dress of each isNew Iberia, La.
ARTICLE VII.
This act may be changed, modified, or
altered, or the said corporation may be
dissolved at a special meeting of the
stockholders conveyed for that purpose
after fifteen days prior notice by publica-
tion in any newspaper, published in the
City of New Iberia, Parish of Iberia,
with the assent Of three-fourths of the
capital stock of said corporation.
ARTICLE VIII.
No stakeholder shall be held liable or
for the contracts or faults of
said corporation in any further sum THAI
the unpaid balance due by him on sub
scription to the capital stock, nor shall
any mere informality in organization
have the effect of rendering this charter
null, or of exposing a stakeholder to any
further liability than the unpaid bal
ance due on said stock.
This corporation shall be liquidated at
the end of its term, or at its earlier dis
solution, provided that three-fourths Of
its capital stock shall have agreed thereto
at meeting called for that purpose BY
three commissioners, said commissioners
to be selected and appointed by the
at said meeting; said COM
missioners shall be stockholders of said
their compensation as liqul-
iators shall be fixed on the day of their
said commissioners shall
continue to act until the business of the
shall be entirely closed and
iquidsted, and in the event of the death,
or disability of either or
two Of them, then the survivor or sur
1ivors shall act.
Thus done, passed, and signed at my
office in the City of New Iberia, Parish
If Iberia, Louisiana, on the day, mouth
md year first above written, in the pres
snce Of Messrs. Theodore Derouen and
Lewis Barthe, good and competent wit
,esses, who have signed these presents
With me, notary, and said parties, after
iue reading.
Maurice Bergerie, $50 shares, New
IBERIA, La.
P. E. Bergerie, 20 shares, New Iberis.
louisiana.
A. ]. Suberbielle, 20 shares, New