The weekly Iberian. (New Iberia, La.) 1894-1946, 1901-06-15

to any person or corporation
authorized to take such lease.
ARTICLE V.
The business of this Corporation
shall be directed by and vested in
a Board Of Directors composed of
Nine 90 Stockholders. each owning
one OF more shares of stock. Said
Directors shall be elected at gen.
eral meeting of the stockholders
convened for thai purpose, on the
Second Tuesday III May of each
year, and each share of stock pre-
sent or represe nted shall be entitl-
ed to one vote. The election shall
be held at the principal Office of
the Corporation after ten 1O) days
notice published III one of the
newspapers of this City,
Failure to hold an election OH
the day specified shall not dissolve
the Corporation, but Directors in
Office shall hold their respective
offices until the election be sub
sequently held, after ten Q0) days
notice as provided for above. All
vacancies il said Board from what
ever cause shall be filled by the re-
naming Directors.
The Board of Directors shall ell
ect President and Vice Presi-
dent and a Secretary and Treasur-
er. The Board of Directors may
appoint General Manager, to at
tend to the affairs of the Com
pany, whose conduct of the busi-
ness shall always be under the
supervision and direction of the
Board of Directors. A majority
of the Board shall constitute a
quorum for the transaction of buSi
ness.
Every stakeholder shall be en-
titled to one vote for each share OF
stock standing in his name on the
books of the Company, to be cast
in person or by proxy, and the
majority of the votes cast shall
elect.
The salaries of all the officers oil
the Corporation shall be fixed by
a majority vote of the Directors
ARTICLE vi.
! No stakeholder shall be liable o.
responsible for the contracts, faults
' or debts of said corporation in an,
further sum than the unpaid bal
ance due the Corporation on tn,
shares of stock owned by him; no
; shall any informality in organiza
ton have the effect of rendering tE,
:. Charter null or of exposing a stock
holder to any liability beyond th
amount of his stock.
ARTICLE VII.
i This act of incorporation may b
amended, altered, modified or dis
solved by a vote of three fourth
of the shares of the total amolln
g of stock. at a meeting held for tha
\ purpose after ten Q0 days notic
as provided for in Article V
! stating the purpose Of SAID meeting
!. ARTICLE VIII
al At the expiration of this Char
" ter, Of If sooner dissolved, til
20 affairs of this Corporation shall b
n liquidated by the Board of Diret
4 tors who are vested with full pow
# er to sell any and all assets of th
a Corporation, and to convey fu
h and complete title thereto, an
# shall have the full power to d
20 and perform all acts necessary an
m proper and completely liquidat
the affairs and distribute the pr
ceeds, if any, among the stocl
holders in proportion to the amor
u of stock held by each.
GO ARTICLE. TX
NJ The following named persol
. shall constitute the first Board
= Directors:-Messrs John A Gebe
es Levy Leopold. George w. DALI
., A. j. Maumus, p. III. Wissingt
.al Alexis VOORHEES,, Lazard King, \
to E. Satterfield and George
-, Robertson.
~ The Directors shall hold their {
nd fices until the Second Tuesday