New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-02-28

stock of the corporation shall be made on
the books of the company at its office,
and on the surrender of tbs certificate
| therefor a new certificate shall issue to
the proper holder Thereof.
The capital stock of this corpora ton
NAV be increased to Seventy Thousand
Dollars, ($70,00000) in the manner pre-
vided by law.
This corporation shall commence do
ing business as soon as the capital stock
thereof shall have been subscribed as re-
quired by law and by this charter and
paid in.
The names and post office addresses
of the subscribers of the articles of IN
corporation, and the number of shares
each agrees to take are as follows:
J. E. Broussard, Loreauville P. o., Ibs-
ria Parish, La, II shares.
Rules Broussard, Loreauvills P. o.,
iberia Parish, La, II shares.
Raoul Broussard, Loreauvins ?. o.,
Iberia Parish La, 10 shares.
ARTICLE V.
The corporate powers of this corpora
ton shall be exercised by board ST
three directors who shall be stock hold
ers in this corporation and who shall be
elected by the stock holders annually at
a general meeting to be held on the See
ond Tuesday of the month of Decembsl
and the said board shall have and is
hereby vested with all the corporate pow
ers of this corporation subject only to
such restrictions as may be herein men
toned.
From the said directors, there shall sc
elected annually President, Vice
President, and a SecretaryTreasurer CT
the said corporation. The following per-
sons, each of whom are who each declare
themselves to be bona-fds owners of at
least one unpledged share of stock in this
corporation, shall constitute the FIRST
Board of Directors, to-wit:
]. E. B7oussard whose Post Office
address is Loreauvills, Iberia Parish,
State of Louisiana; Rules Brousss~d
| whose Post Office address is Loreauvills,
Iberia Parish, State of louisiana Raoxl
Broussard, whose Post Offire address is
Loreauville, Iberia Parish, State of Lou-
isiana.
The said Board of Direntors above
named shall continue in office until their
| rectors at the first meeting after their
election, shall elect officers for the corpo-
| ration as herein above provided, who shall
likewise hold office for one year
The President of this corporation Is
hereby declared to be J. E. Broussard,
of Loreauville P. o., Iberia Parish, State
of Louisiana, its Vice President. Rules
Broussard, whose post office address IS
| Loreauville, Iberia Parish, State of LoI-
isiana; and its Secretary Treasurer,
Raoul Broussard, whose post office ad-
dress is Loreauville, iberia Parish, State
of Louisiana.
| Notice of stockholders annual meeting
must be delivered personally or by de-
posting the same in the Post Office
properly addressed to each stockholder az
| least fifteen days before such meeting,
other stockholders meetings may be held
when ordered by the Board of Directors,
or the holders of at least twenty-five
per cent of the outstanding stock after
notice as aforesaid
The Board of Directors shall appoint a
stakeholder to act as commissioner of
elections at board of directors, and in tae
event of the said commissioner failing
to be present at the time fixed for meet
ing, the President shall appoint another
stakeholder in his stead.
Failure from any cause to elect diree-
tors on the day named for the purpose,
will not dissolve this corporation, but the
directors in Office, as well as the%other
officers of the company, shall hold over
until their successors are chosen. In suci
event, the President shall cause another
election to be held within thirty days
and at date and hour named by him,
giving the notice to the stockholders as
required by law.
At every election and meeting each
stakeholder shall be entitled to one vote
for each share of capital stock of the
corporation standing in his name, and he
may vote such stock by written prsxy
given to any person to represent him at
such meeting The election of directors
shall be by ballot and the majority of tss
amount of votes cast shall elect the per
son or persons for whom they have besx
east.
ARTICLE vi.
The Board of Directors shall frame and
adopt such bylaws and rules and regula-
tons IS the affairs and business for the
conduct and management thereof, pre-
vided tbs same shall not conflict with this
charter, appoint suck agents, employees,
servants, and clerks as it may deem
proper fixing their compensation and
terms of service and dismiss then at
pleasure. It shall have the right to fix
and determine the salaries of the sew
eral officers and employees herein pre-
vided for. ANY director may appoint
another director or shareholder to act
and vote for him on all matters coming
before any meeting of the board.
ARTICLE VII.
No share holder shall ever be he'd
liable or responsible for the contract or
faults of this corporation in any further
sum than the amount of his indebtedness
to the corporation, nor shall any mere
informally in organization have the eff
feet of rendering this act null or Of ex-
posing any share holder TO any liability
beyond the amount of his or her shares.
ARTICLE VIII.
This corporation shall have, enjoy and
exercise all the rights, privileges and i'm
mup;ties granted in Act 267 and acted
ty the general assembly of the State Of