New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-01-17


of its assets. there is attached and an
ton with this Charter, an accurate, de-
tailed and itemizsd description of suck
property, together vita q statement of it's
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 bs 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 share
of stock herein, shall constitute the first
Board of Directors:
DR.. ]. 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 adj
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 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
held at Two o'clock P. M. 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 hereinabcve
provided for, who shall hold office for
one year.
Notice of the meeting of stockholders
for tie 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 required by law.
At every election and meeting each
stakeholder shall be cartled to vote for
each share of sock registered in his name.
:.
ton, the Board of Directors shall elect
from their number the officers of the
said Company.
ARTICLE VI.
The full corporate power Of this corr
poration is invested in the Board of Di-
rectozs. 1t may frame and adopt such
bylaws. rules and regulations as the az
fairs and business OF the Company may
require and as it may deem necessary
for the conducting and management
thereof, provided the same shall not con-
flic. with this Charter or with the laws
of he State and of the United States. It
shall appoint such agents, employees,
and clerks as ii may
deem proper, fixing their compensa-
ton, term Of service, ard dismissing
them at pleasure; and shall have the right
tc fix and determine the salaries of the
several officers herein provided for.
ARTICLE VII.
In the case Of dissolution or termina-
I On of this corporation, either by limita-
ton of its Charter, or from any cause,
tae liquidation of its affairs shall be coz
Quoted by two liquidators selected By the
stockholders with oil the authority
granted by provisions Of Section 20 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 sua
than is provided for by law, nor shall
any mere informally in organization
Aave tina effect of rendering this Char
ter nall or exposing stakeholder TO any
liability, other than il provided for by
law.
Thus done, executed and signed at my
hotarial Office in tina City Of New Tberis.
Parish of Iberia, on the day, month and
year first above written, in the presence
of Msssrs. F. w. Bauman and Walter J..
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 ........65 shares
w. H. Sledgs .,...............5 shares
L. r. Olivier shares
John A. Buquor ...........Ss shares
J. P. Busuor .............8 "a shares
vENTRESS J. SMITH,
Wifus4~es. Notarv Puhi;r