New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-02-21


mess and affairs of said corpor1-
ton, and shall appoint such OIL
GERS, agents, employees, servants
and clerks as may be necessary Tor
the conducting of the business 81
this corporation; they shall Tx
their compensation and have theS
right to dismiss them at pleasure.
A director of this corporation
shall have the right to vote 0Y
general proxy on all questions OF
administration, such as the man
ner of conducting the business OF
the corporation, but in case the
corporation desires to exercise its
corporate power through the
Board Of Directors, by selling oES
mortgaging any of its plants, tie
directors can only vote by proxy
where the proxy specifically de-
tails the object to be voted upon,
how the same shall be cast, and
such mortgage or sale must have
the unanimous vote of the Board
of Directors.
Article VII.
This act Of incorporation may
be changed. modified or amended,
fundamentally or incidentally, and
this corporation may be dissolved
in accordance with the provisions
Of Act 267 of 1914, or any amend
ment thereof, with the consent OF
the stockholders represented at a
general meeting of the stock
holders called for that purpose
after ten (10) days notice, in
writing, addressed to the last
known address of each Of said
stockholders.
Any changes proposed or made
with reference to the increase or
reduction Of the capital stock,
shall be made in accordance with
the laws Of the State of Louisi-
ana, with reference to the altera-
ton Of the capital stock Of corpo-
rations.
Notice of all meetings Of the
stockholders not herein and by
law otherwise provided for, shall
be given to each stakeholder by
letter addressed to his last known
place of residence, as shown by
the books of the company, and
deposited in the mails at least ten
(10) days prior to said meeting.
In case Of a dissolution or term
nation of this corporation either
by limitation Of its charter, or
by any other cause, its affairs
shall be liquidated by two (2)
liquidators, selected by its stock
holders at general meeting held
as above set forth, at which meet
ing the compensation of said liqui-
dators shall be fixed and the said
commissioners shall remain in Of !.
fee until the affairs of this corpo-
ration shall have been fully liqui-
dated In case of the death or
incapacitv Of one or more of the
said commissioners, the survivor
or survivors shall continue to act
until such vacancies shall have
been filed by a general meeting
of the stockholders as above set
forth.
Article VIII.
No stakeholder shall ever be
held liable or responsible for the
contracts Of this corporation, or
its faults. in any further sum than
the unpaid balance due the COM
pany on the shares Of stock sub
scribed for or owned by him, nor
shall any informality in organiza-
ton have the effect of rendering
this charter null, or of exposing
the stockholders to any liability
beyond the unpaid balance, if any,
due on his stock.
Thus done and signed, at my
Office in this City, on the day,
month and year first above writ
ten in the presence of Messieurs
Aurora Edgar and Loretta Craig,
competent witnesses, residing in
this City, who have hereunto
signed their names with the ap<
bearers and me, Notary, after
due reading of the whole, and the
signers also declare the following
to be the stock subscription list.
Original Signed.)
No. of
Shares of
Name Address stock sub.
james V. Dunbar, New Orleans