The weekly Iberian. (New Iberia, La.) 1894-1946, 1901-06-01
ARTICLE Y.

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ARTICLE Y.
The business of this Corporation
shall be directed by and vested in
a Board of Directors composed OF
Nine (9l Stockholders. each owning
one or more shares of stock. Said
Directors sail be elected at a gen.
erai 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 repres nted shall be entitl-
ed to one vote. The election shall
be held at the principal office of
the Corporation after ten (10) days
notice published III one Of the
newspapers of this City.
Failure to hold an election on
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 l10) days
notice as provided for above. All
vacancies in said Board from what
ever cause shall be filed 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 a General Manager, to at
tend to the affairs Of the Com
pany, whose conduct of the bust
ness shall always be under the
supervision and direction Of the
Board Of Directors. A majority
of the Board shall constitute q
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 shal
elect.
The salaries of all the officers o.
the Corporation shall be fixed by
a majority vote OF the Directors
ARTICLE VI
No stakeholder shall be liable o
responsible for the contracts, fault
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 tt
Charter null or of exposing a stock
! holder to any liability beyond th
amount of his stock.
ARTICLE VII.
This act of incorporation may b
amended, altered, modified or dis
solved by vote of three fourth
of tlie shares Of the total aln0tn
: of stock, alta meeting held for tha
! purpose after ten Q0) days notic
I as provided for in Article v
! stating the purpose Of sad meeting
ARTICLE VIII
4 At the expiration of this Cha
y ter, of If sooner dissolved, til
% affairs of this Corporation shall \
! liquidated by the Board Of Dire,
a tors who are vested with full pow
# er to sell any and all assets of I'll
n Corporation, and to convey fn
j, and complete title thereto, an
,f shall have the full power to {
u and perform all acts necessary an
~ proper anu completely liquida
the affairs and distribute the pr
ceeds, if any, among the stoc
holders in proportion to the amo
u of stock held by each.
ARTICLE. TX
10 The following named perso
= shall constitute the first Board
i Directors Messrs John A Gebt
- Levy Leopold. George w. Dali
or A. j. Maumus, z. IL. Wissing'
al Alexis VOORHEES,, Lazard King,
"a Il. Satterfield and George
,ct Robertson.
= The Directors shall hold their
nd fices until the Second Tuesday
Inv the month of May, 1902, or TN
,as their successors are selected