The weekly Iberian. (New Iberia, La.) 1894-1946, 1902-11-01

established from time TO tlme.
And TO secure he carrying on' OF
the objpc,s and purposes OF ms
Corporation. it is vested with Tue
rights, privileges and franchises
provided by law, and is empowered
to do all things necessary IN the
premises.
ARTICLE "
Tie caui:al stick of this Corpor
alton is fixed at $50, 200, divided
into two thousand shares of "wen-
ty-Flve (S25 Oo) Dollars each,
which said stock and all increase
thereof shall lie personal property
and transfe ratl e,-brt 10 transfer
of stock shall be binding on II e
Corporation, unless ii be made IN
the stock books Of SAID Corpora
ton.
ARTICLE v
The time aud manrer of paying
the stock, shall be de. ermlned by
the Directors Of this Corporation.
ARTICLE vi.
In furtherance Ct It's objects and
purposes, tins Corporation Is vested
with power to obtain and secure by
purchase, grant, gift, devise AMI
otq quest, both real and personal
property, and to hold the same for
Its Objects, purposes, interests and
business, to borrow money and to
purchase and lease property Oh Its
own credit for the purpose of sue
tanning and maintaining its tele-
phone lines, and the establishment
of connecting lines under such con-
dltions and combinations az may be
made by the Board of Directors of
this Corporation.
ARTICLE VII.
The corporate powers OF this
Corporation shall be yes ted In a
Board of Directors to be composed
of three (3) members, two ~ of
whom shall constitute quorum for
the transaction of business.
The following persons, stock
holders of this Corporation, shall
be and constitute the first Board of
Directors: R. F. Hogset,, Presi.
lent, E. s. Broussard, Vice resi.
dent, and FL. D. Giles, Secretary.
They shall hold their offices until
their successors are elected and
qualified. The first election for a
Board of Directors shall be held on
the first Monday IN January, a,
Eight O'Clock P. M. and subsequent
ly each year at the same hour, or
the same day Of the month of Jan
nary. Every stock holder shall
be entitled to one vote for eacl
share be shall hold and own, and Q
quorum to elect a Board of Dlrec
tors shall consist of majority Of
the stock of shares issued.
In case of no election on the da,
fixed therefor, the Board of Direc
tors IN office shall continue untl
their successors are elected and en-
ter upon the discharge of thell
duties. The duties OF the Presi
dent, Vice-Presldent, Secretary ant
Treasurer, shall be set forth in the
bylaws of this Corporation. Th,
Board OF Directors shall hag,
power 10 appoint such other officers
agents and clerks as 1T may deem
proper. They may be persons VIII,
are not stockholders. 1t ma,
make such bylaws, rules and regu
latlons as 1t may consider necessar'
for the management of its affairs
which 1t may alter or amend from
time to time. The rem amin,
members of toe Board of Director
shall have power to fill up all va
cancies on said Board of Directors
whether by death or resignation, o
any other cause.
ARTICLE VIII.
: No stock holder shall be ;,abl
for any Indebtedness Of the Gorpo
ration beyond the amount of hi
stock remaining unpaid, nor ehal
any lnformality III organization
J have the effect Of annulllng th,
Charter, of exposing stock holde
: to any liability beyond the un-pa,
balance OF mis- stock.
ARTICLE TX.
THIS Corporation may be dlssol,
ed, ana this Charter added to alte]
ed or amended at general meetln
Of the stock holders, called FOR tina
purpose, by an affirmative vote q
lhree.fnurths Ut the stock-holde,
represented at the meeting, as PR
vlded by Section 6s7 OF the r,
!. vlsed Statutes of LOUISIANA. and b
I the law.
Thus done and passed a, my offie
III New iberia, in the Parish an
State aforesaid, on the day, mont
and year above written, IN tb
presence OF Messrs. p. s. Towlt
: and R. Hebert competent witnes
: es who have signed these presen,
= with the parties and me, Notar
{ alter due reading CT the same.