New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-02-14

l |
suance.
| Every sale or transfer of the capits
stock Of the corporation shall be made o.
the books Of the company at its office
i and on the surrender of the certihcat
therefor new certificate shall issue t
the proper holder Thereof.
/ The capital stock of this corporatio,
NAV be increased to Seventy Thousan,
Dollars, ($70,000.00l in the manner pro
vided by law.
This corporation shall commence do
ing business as soon as the capital stool
! thereof shall have been subscribed as re
quired by law and by this charter ane
paid in.
The names and post office addresse.
Of the subscribers of the articles of N.
/ corporation, and the number of share.
each agrees TO take are as follows:
| ]. E. Broussard, Loreauville P. o., Ibe-
ria Parish, La, IL shares.
Rules Broussard, Loreauville P. o.
Iberia Parish, La, IL shares.
Raoul Broussard, Loreauvile P. o.
Iberia Parish, La, 16 shares.
ARTICLE v.
The corporate powers of this corpora
ton shall be exercised by board Of
three directors who shall be stock hold
ers in this corporation and who shall be
elected by the stock holders annually at
general meeting to be held on the Sec-
ond Tuesday of the month of December
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 &c
elected annually a President, q Vice
President, and Secretary Treasurer of
the said corporation. The following per-
sons, each Of whom are who each declare
themselves TO be bona-fide owners of at
least one unpledged share of stock in this
corporation, shall constitute the first
Board of Directors, to-wit:
J. E. Broussard whose Post Office
address is Loreauville, Iberia Parish.
State Of Louisiana; Rules Broussz-d
whose Post Office address is Loreauville,
Iberia Parish, State of Louisiana; Raorl
Broussard, whose Post Offire address is
Loreauville, Iberia Parish, State of Lou
isianx
The said Board Of Direntors above
named shall continue in office until their
successors era elected, each board Of d.
rectors at the first meeting after their
election, shall elect officers for sthe corpo-
ration as herein above provided, who shall
likewise hold office for one year.
The President Of this corporation is
hereby declared to be ]. E. Broussard,
of Loreauville r o., Iberia Parish, STATE
of louisiana its Vice President Rules
Broussard, whose post office address IS
Loreauville, Iberia Parish, State of Lot-
isiana; and its Secretary Treasurer,
Raoul Broussard, whose post office adj
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 stakeholder at
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 4
stakeholder TO act as commissioner of |
elections at board of directors, and in the |
event Of the said commissioner failing |
70 be present at the time fixed for meet
ng, the President shall appoint another
in his stead
Failure from any cause to elect direc-
'ors on the day named for the purpose.
viii not dissolve this corporation, but the
directors in office. as well as the other