New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-01-10

1 al LA0I SOO0WAAJ JUN "a oG4oOAJ 3S'4
dents of Iberia Parish, and James P. Bu-
quor, resident of Lafayette Parish, and
to issue stock for said business and al
of its assets, there is attached and an
nextsd hereto and TO be read in connec-
ton with this Charter, an accurate, de-
tailed and itemizsd description of sxeh
property, together with statement of its
value as appraised by the Directors, all
in conformity with Section of Act lot
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 fo-.
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 a 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
4
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.. ]. 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 & 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 a meeting of the stockholders |
held at Two o'clock P. NJ. of said day,
unless the same shall be a 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 IL 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 we'll
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 required by law.
At every election and meeting each
stakeholder shall be entitled tc vote for
each share of sock registered in. his name,
ard may yo:e BY r. KY After each el.c-
ton, the Board of Directors shall elect
from their number the officers of the
said Company.
ARTICLE VI.
The full corporate power of this cor
pora ton is invested in the Board of Di-
rectc3s. It may frame and adopt such
bylaws, rules and regulations as the af-
fairs and business of the Company may
reqr.-e and as it may deem necessary
for he conducting and management
thereof, provided the same shall not con-
file: with this Charter or with the laws
OF he State and of the United States. It
shall appoint such agents, employees,
representatives and clerks as it may
deem proper, fixing their compensa-
them at pleasure; and shall have the right
f. fix and determine the salaries of the
seseral officers herein provided for.
ARTICLE VII.
In the case of dissolution or termina-
on of this corporation, either by limita-
ton of its Charter, or from any cause,
the liquidation of its affairs shall be con-
Quoted by two liquidators selected by the
stockholders with all the authority
granted by provisions of Section % of
Act 267 of the General Assembly of
1914
ARTICLE VIII
No stakeholder shall ever be held liable |
or responsible for the contracts or faults |
of this corporation in any further sum
than is provided for by law, nor shall !
any mere informahty in organization
have the effect of rendering this Char
ter null or exposing a stakeholder to any |
liability, other than is provided for by
law.
Thus done, executed and signed at my
notarial office in the City of New Iberia, |
Parish of Iberia, on the day, month and
year first above written, in the presence
of Nessrs. F. w. Bauman and Walter ]. |
Burke, good and competent witnesses,
who hereunto sign their names, together
with said parties and me, Notary, after
due reading of the whole.
Original signed)
]. Arthur Goodwin IS shares
W. H. Sledge ..............5 shares