New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-10-02

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 ana
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 AMI 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
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 L.
Bergerie, New Iberia, La: A. J. Suber-
belle, New Iberia, La; J. 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 NJ.
Bergerie, President; A. ]. Suberbielle,
Vice President; ]. P. Suberbielle, Secrk-
tary and Treasurer. The postoffice aG
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-
ton 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
responsible for the contracts or faults of
said corporation in any further sum than
the unpaid balance due by him on sub
scription to the capital stock, nor shall
any mere informality i'm organization
have the effect Of rendering this charter
null, or Of exposing a stakeholder to any
further liability than the unpaid ball
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 a meeting called for that purpose By
three commissioners, said commissioners
to be selected and appointed by the
stockholders at said meeting; said COM
missioners shall be stockholders of said
corporation, their compensation as hquI-
dato1s shall be fixed on the day of their
appointment said commissioners shall
continue to act until the business of the
corporation shall be entirely closed and
liquidated, and in the event of the death,
resignation, or disability of either or
two of them, then the survivor or sur
vivors shall act.
Thus done, passed, and signed at my
office in the City of New Iberia, Parish
of Iberia, Louisiana, on the day. mouth
and year first above written, in the pres
ence Of Messrs Theodore Derouen and
Lewis Barthe, good and competent Wit
nesses, who have signed these presents
with me, notary, and said parties, after
due reading
Maurice Bergerie, $50 shares, New
Iberia, La.
P E. Bergerie, 20 shares, New Iberia,
Louisiana.
A. J. Suberbielle, 20 shares, New
Iberia. La.
J. P. suberbielle, 1870 shares, New Ibe-
ria, La.
Witnesses:
Theodore Derouen,
Lewis Barthe.
THOMAS T. CAREY,
NJ