The weekly Iberian. (New Iberia, La.) 1894-1946, 1922-06-17

GERS thus elected shall have the pow

err to employ such clerks, bookkeep-
ers, agents and employees as are
necessary for the business of said
corporation, and to fix the salaries
for same. For the present and until
an election is held for the purpose of
electing a Board of Directors and
officers as provided in Article Five,
hereof, the following stockholders
shall constitute the first Board of
Directors and officers, to-wit: w. l..
Colvin, President, Pascal Macaione,
Vice-President, and Berthold Calm,
Secretary Treasurer, and they shall
continue in office until their success
ors shall have been elected and in
stalled in office.
ARTICLE 6.
All transfers of stock of this cor
poraton must be made upon the sur
render of the certificate of stock and
by and under the direction of the
Secretary of this Corporation. Any
stakeholder desiring to sell his stock
must first offer the same to the Pres
ident of said corporation. who shall
have the option of purchasing the
same for the company or for him
self at the price fixed by the owner
thereof, and he shall have ten-day
option in which to purchase same,
and upon his failure to do so. then
the party holding said stock for sale
will have the right to sell the same
to any one desiring to purchase the
said stock. All such stock shall have
printed upon it's face transferred to
persons not originally members of
said corporation, only upon condi-
tons named in Article Seven of the
Charter of said Company"
No stakeholder shall ever be held
liable or responsible for the obliga-
tions, contracts or debts of this cor
poration in any farther sum than
the unpaid balance due on the sub
scription of the shares of stock held
by him, nor shall any info-mality in
organization have the effect of rend-
ering this charter null.
ARTICLE 8.
This Charter may be amended, al
tered or modified or the corporation
dissolved by vote Of two-thirds of
its capital stock, represented at a
meeting called for that purpose, Of
which meeting thirty days notice
shall be given by publication, and
written or printed notices in the
manner mentioned for other meetings
ARTICLE 9.
Whenever this corporation shall
be Dissolved by limitation of its char
ter or otherwise, its affairs shall be
liquidated by three commissioners to
be elected at meeting called for
that purpose, after the service and
publication of the notice required in
Article Eight of this Charter Such
commissioners shall remain in office
until the affairs are entirely liquida-
ted, and in case of the death of al
the place thereof shall
be filled by an election Of the stock
holders in the manner aforesaid; but
the election shall not last, nor al
remain in Office for a
longer period than one year.
So that this Charter shall serve
also the purpose Of and as a SUBJ
,cription list, the undersigned organ
zers of this corporation have res
oectfully subscribed for stock there !
n in the number of shares and
respective set opposite their |
signatures hereto.
Thus done and signed at my Office |
n the Town of Jeanerette, iberia
Parish, Louisiana, on this 5th day
If June, 1922, in the presence of l..
". Andre and A. M. Andre, two
witnesses who sign these
with said appearers and
ne, said Notary, after due reading
# the whole.
". l.. Colvin. 80 shares
;. Calm ..5 shares
'ascal Macaione ...........5 shares
Witnesses:
L, M. ANDRE,
A. M. ANDRE.
A. B. McGOWEN.
'-22 Notary Public.