New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-10-23

1867
! thereof, of the aggregate par value 0.
Twenty Thousand Dollars, are issued fol
and in exchange of property real and
movable, consisting of, first, real estate
second, grain and feed products, auc
third, open accounts, all as are more
particularly set out in detailed ans
itemized statement thereof hereto an
nexed and TO be read in conjunction with
this charter. At all election5 and meet
ings of the stockholders, each share OF
stock shall be voted, either by the per-
son in whose name the stock appears
upon the books of the corporation at the
time Of the meeting, or by an agent in
proxy, duly authorized in writing to that
effect. The capital stock of this corpo.
ration may be increased to One Hun
bred Thousand Dollars.
ARTICLE VI.
The business affairs and corporate
powers of this corporation will be vested
in and transacted by a Board of Diree-
tors of not less than four, nor more than
seven Directors, to be chosen from the
stockholders at the annual meeting to be
held on the fourth Monday of September,
or in the event of failure to hold said
meeting on said date, at as early date
thereafter as practicable. The number of
the Directors to serve in each year shall
be fixed at the meeting of the stockhold-
ers held for the purpose of electing
Board Of Directors. In the event the
Board of Directors so elected should con-
sist of less than the full quota allowed
and for any reason the Board of Direc-
tors should desire to increase the number
Of Directors during any term to the fuu
number authorized, the said Board shall
have the right to increase its numbers by
the selection of the additional Directors
from among the stockholders, and any
director or directors so selected shall be
vested with as full and complete author
ity as though selected at the meeting hel3
by the stockholders and by said stock
holders All elections shall be conducted
under the supervision of three members
to be appointed by the Board Of Direc-
tors for that purpose, and in the event
Of any of said Directors failing to act,
the president shall appoint one or mora
TO fill the vacancy, as the case may re-
quire The Board of Directors shall
elect from their members a President
Vice President and Secretary and Treas
urer who shall serve until their successors
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 and
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 and immovable, borrow
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 q
meeting of the stockholders. A majority
Of the members Of the Board of Direc-
tors shall constitute q quorum for the
and management of all bus
mess of said corporation. The firstl
Board Of Directors shall be composed of
NJ. Bergerie, New Iberia, La; P. f..
Bergerie, New Iberia, La: A. J. Suber-I
belle, New Iberia. La: J. P. Suber-l
belle, New Iberia, and postoffice sd-
lresses being same, with the authority |
% increase the number in the manner
set forth above. The officers hall be MI
Bergerie, President; A. J. Suberbielle, |
Vice President; J. P. Suberbielle, Secre-
AIRY and Treasurer. The postoffice adj
lress of each isNew Iberia, La.
ARTICLE VII.
This act may be changed, modified, or
altered, or the said corporation may be
dissolved at special meeting of the
conveyed for that purpose
lfter fifteen days prior notice by publica-
ion in any newspaper, published in the
City of New Iberia, Parish of iberia, |
With the assent of three-fourths of the
;apital stock of said corporation.
ARTICLE VIII.
No stakeholder shall be held liable or
esponsible for the contracts or faults of
he unpaid balance due by him on sub
cription to the capital stock, nor shall |
my mere infoTmality in organization
lave the effect of rendering this charter
lull, or Of exposing a stakeholder to any
urther liability than the unpaid bal
nee due on said stock yl'
This corporation shall be liquidated at
he end of its term, or at its earlier disc
solution, provided that three-fourths Of
is capital stock shall have agreed thereto
It a. meeting called for that purpose BY
hree commissioners, said commissioner
o be selected and appointed by the
at said meeting; said COM
nissioners shall be stockholders of said
alton, their compensation as liqui-
Iators shall be fixed on the day of their
appointment, said commissioners shall
continue to act until the business Of the
shell be entirely closed and
iquidated, and in. the event of the death,
esignation, or disability of either or
wo of them, then the survivor or sur
ivors shall act .
Thus done, passed, and signed at my
ffice in the City of New Iberia, Parish
f Iberia, Louisiana, on the day, month
nd year first above written, in the press
nee Of Messrs. Theodore Derouen and
.ewis Barthe, good and competent wit
Iesses, who have signed these presents
Nth me, notary, and said parties, after
ue reading. ~ M -
Maurice Besgerie, $50 shares, New