New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-03-06

port and management of the bus
mess and affairs of said corpora
ton, and shall appoint such Off
GERS, agents, employees, servants
and clerks as may be necessary for
the conducting of the business Of
this corporation; they shall fix
their compensation and have the
right to dismiss them at pleasure.
A director of this corporation
shall have the right to vote oy
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 it's
corporate power through the
Board of Directors, by selling or
mortgaging any of it's plants, the
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 (1O) 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 stockholder 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
(lO) days prior to said meeting.
In case of a dissolution or term
inatiOn Of this corporation either
by limitation of it's charter, or
by any other cause, its affairs
shall be liquidated by two ~
llquidators, selected by it's stock
holders at a general meeting held
as above set forth, at which meet
ing the compensation Of said liqui-
dators shall be fixed and the said
commissioner shall remain in Of
flee until the affairs Of this corpo-
ration shall have been fully liqui-
dated. In case of the death or
lncapacitv Of one or more of the
said commissioners, the survivor
or survivors shall continue to act
until such vacancies shall havs
been filled 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
It's faults. in any further sum than
the unpaid balance due the COM
pany on the shares Of stock SUBJ
scrrbed 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 nv
'ffice in this City, on the day,
month and year first above writ
EN- in the presence Of Messieurs
Aurora Edgar and Loretta Craig.
competent witnesses, residing in
his City, who have hereunto
signed their names with the an.
bearers and me, Notary, after
Tue reading of the whole, and the
lgners also declare the following
Q be the stock subscription list.
Original Signed.)
No. of