New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-01-24

| arthur OoOuWln, JOnn n. buQuor, resi-
dents of Iberia Parish, and James P. Bs-
quor, resident of Lafayette Parish, ans
to issue stock for said business and al
of its assets, there is attached and an
nexted hereto and to be read in connec-
ton with this Charter, an accurate, de-
tailed and itenized description of such
property; together with q statement of its
value as appraised by the Directors, all
in conformity with Section of Act 267
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, 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 shall
commence doing business as soon as
Twenty Thousand Dollars of the capital
stock shall have been subscribed for
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 President Vice President
and Secretary, who shall also be Treas
urer.
The following persons each declaring
that he is bona fide owner of a 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.
Buquor, 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 ad-
dress is Cade, La.
And DR.. J. Arthur Goodwin shall be
President; James p Buquor, Vice Presi-
dent, and John A. Buquor, Secretary and
Ex-Officio Treasurer. Three of said Di-
rectors shall constitute a quorum for the
transaction 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 meeting of the stockholders
ED at Two o'clock P. NJ. of said day,
Unless the same shall be holiday, when
the election shall be held on the next
legal day thereafter and the Board of
Directors so elected shall at once proceed
to the election of the officers hereinabove
provided for, who shall hold office for
one year.
Notice of the meeting of stockholders
for the purpose of said election and FOR
other purposes incident to the transaction
of corporate business shall be delivered
personally or by depositing in the Post
Office, properly addressed to each stock
holder, at least fifteen days before such
a meeting.
At each annual meeting or any special
meeting of the stockholders that may be
held, the stockholders shall appoint some
shareholder to preside at said meeting.
Any failure from any cause whatever
to elect Directors the day named for that
purpose, shall not dissolve the corpora
ton, but the Directors in office, as well |
as officers of said Company shall hold
over until their successors are chosen. /
In such event, the President shall cause
another election to be held within thirty
days, giving the notice fequired by law.
At every election and meeting each /
stakeholder shall be cnutled to- vote for
each share of s.o.k registered IN his namt,
and may vo.e BY rr'xy. After each el.c-
tion, the Board of Directors shall elect
from their number the officers of the
said Company.
ARTICLE VI.
The full corporate power of this COR
Doration is invested in the Board of Di-
-ectors. It may frame and adopt suck
bylaws, rules and regulations as the af-
fairs and business of the Company may
require and as it may deem necessary
Tor the conducting and management
hereof, provided the same shall not con-
lic- with this Charter or with the laws
If he State and of the United States. II
'haIl appoint such agents, employees
and clerks as it may
iecm proper, fixing their compensa-
ion, term of service, and dismissing
hem at pleasure; and shall have the right
Q fix and determine the salaries of the
eTeral officers herein provided for.
ARTICLE VII.
In the case of dissolution or termina-
ON of this corporation, either by limita-
ion of its Charter, or from any cause,
he liquidation Of its affairs shall be coz
acted by two liquidators selected by ths
stockholders with all the authority
Iranted by provisions Of Section % Of
let 267 of tke General Assembly Of
914.
ARTICLE VIII.
No stakeholder shall ever be held liable
r responsible for the contracts or faults
this corporation in any further SUM
han is provided for by law, nor shall
NY mere informally in organiza ton
ave the effect of rendering this Char
" n.ull or exposing stakeholder to any
ability, other than is provided for BY
Nv.
Thus done, executed and signed at ny
otarial office in tina City of New iberia,
'arisk of Iberia, on the day, month and
ear first above written, in the presence
Messrs. F. w. Baun1an and Walter J.
'urke, good and competent Witnesses,
rho hereunto sign their names, together J
nth said parties and me, Notary, after !,
ne reading Of the whole.
Original signed)
Arthur Goodwin .........ss shares
V. H. Sledgs -...............5 shares
. r. Olivier ...................2 shares ,