New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1903-09-05

At every election and meeting each
stakeholder shall be entitled to vote
for each share of stock registered in
his name, and may vote by proxy.
The election of Directors shall be
by ballot and the majority i'll amount
of votes cast leach share of stock voted
upon to be counted for one vote) shall
elect the person for whom they have
been cast.
After each election the Board of Di-
rcetors shall elect from their own
number the officers of said corporation
ARTICLE V. Ism
The Board of Directors shall have
full power TO fill vacanies i'll their
number caused by death, resignation OF
otherwise, from among the stockhold-
ers OF the corporation.
The said Board shall have full con-
troll of the property of the corporation
and shall SO conduct, manage and use
the same as i'll their discretion they
deem fit, and that is consistent with
the objects and purposes of this cor
poration, or the welfare of the same
The said Board is further authorized
to frame and adopt such bylaws, rules
and regulations as the affairs and bus
Mess of the corporation may require
and as it may deem necessary for the
conducting and management thereof
provided the same shall not conflict
with the charter. or with the laws
of the State or of the United States.
The said Board shall elect or APP
point all assistant Secretary and such
other officers. agents, employees. ser
wants and clerks, as it may deem nee
essary for the carrying on of the bust
ness Of the corporation; fix their com
peraa5 -. torn of service. with the
ripit, 10 dismiss them ut said Board :
pleasure and said Board shall have the
right to fix and determine the salaries
Of the several offices herein provided
ed for.
ARTICLE VI.
This charter may be changed, mOdi
fed or amended the capital stock in
creased or deceased. or this corporation
may be dissolved at meeting of the
shareholders convened for that pur-
pose, with the assent Of Three FOurths
"a of the entire capital stock. sub
scrihpd. whether represented o. pres
ent at such meeting. Ten tl0j days
prior notice of such meeting shall be
given. In case of dissolution or ter
minatlon of this corporation. either by
Limitation of its charter ~ from any
cause. the liquidation Of its affairs
shall be conducted by Three t31 com
selected from the stock
holders, with like assent and at meet
ing called for that purpose. rs set forth
above.
Said commissioners shall remain in
office until the affairs of said corpor-
alton shall have been liquidated In
case of the death of one or more of
the commissioners, the survivor or sur
vivors shall continue in office and
settle the affairs.
ARTICLE VII.
No stakeholder of this corporation
shall ever be held liable or RESPONSE
bic for the contracts or faults thereof
in any further sum than the unpaid
balance due the corporation OH the
shares of stock subscribed for or owned
by him, nor shall any informality in
have the effect of render
ing this charter null, or of exposing
4 stakeholder to any liabiality beyond
5he unpaid balance, if any, of his
stock
Thus done and passed inIberiaParish,
La, on the day, month and year first
above written, in the presence of
Messrs. Felix VOORHEES, and Albert p.
VOORHEES, good and competent wit
lesses, of lawful age, and residents of |
his Parish, who have signed these |
with the parties and me, Not
ny, after due reading of the whole.
Witnesses:
+. VOORHEES,.
A. p. VOORHEES,.
II. PATOUT,
M. A. PATOUT,
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