The weekly Iberian. (New Iberia, La.) 1894-1946, 1903-05-30
zs.s ~. HARTER'S
IRON TONIC

meeting Gifts stockholders was con-
vened and held at the office of said
corporation on the Twentieth day OF
January, 1908, for the purpose of al
tering, changing and amending the
Charter or Act of Incorporation Of
said Association, of which said meet
ing convened for the said purpose ten
days prior notice thereof was mailed
to each stakeholder and that at said
meeting all of the stockholders pres
ent and represented by proxy did vote
unanimously for the said amendments
proposed to be made to the said Act OF
Incorporation.
And the said appearers declared
further, that by virtue of the powers
in them vested as officers of said AS.
ISOLATION and in conformity with the
resolution of the stockholders adopted
at the said meeting and in order tC
carry into effect the said amend
ments adopted at SAID meeting and te
cause same to be recorded, they dc
hereby publicly and formally proclaim
and make known the following amend
ments to the Act of Incorporation Of
the Iberia Building Association to the
end that same may hereafter and al
all times be as hereinafter detailed
and set forth and in full force and eff
feet as regards all persons that are IN
or who may hereafter become stock
holders Of the said Iberia Building
Association, to witt That Article
of the Charter OF said corporation shall
be and is amended so as to read az
| follows:
ARTICLE V.
| The corporate powers of the AsSoci
alton shall be exercised by seven D1
rectors, each of whom shall own mo-
less than FIVE serial shares, who shall
be elected by the shareholders on the
Third Tuesday in January, annually
each stock holder represented at sale
election and not in default being en-
titled 10 vote as follows:- For one Sc
rial share DIP to five exclusive he may
cast one vote. From five shares up t.
ten exclusive he may cast two votes
From ten shares up to twenty exclu
sive he may cast three votes. 70
twenty shares and over he may cas-
four votes.
Notice of said election shall b.
given for the space of ten days by tn
Secretary through the mail. Sal
election shall be by ballot and shall
be held at the domicile of this Cor
poration, under the supervision
three shareholders appointed by tn
Board of Directors at the last proceed
ing regular meeting thereof. III
shareholders receiving majority @
the votes cast shall be declared elected
The failure 10 hold an election o.
the day specified shall not:dissolve tn
corporation but the Directors IN offlc
| snail nOIU OfcI Until az Ni~SN'SA
held, after ten days notice of the tim
and place thereof.
The Directors shall elect from thel
number a President and Vice-Presl
dent; and four Directors shall be
quorum for the transaction of bus
ness.
The Directors shall elect Or appoir
a Secretary and such employees a
may be necessary, and may tx the1
| compensation, but no salary shall b
: paid to any member of the Board
, Directors or officers, except to tn
, Secretary; and they shall have powt
: to enact Laws not repugnat.to tn
, Charter to select place of meeting
! to suspend any officer or Director IL
neglect of duty or misconduct, and
: name and appoint their successors,
: provided for in the Bylaws, and sha
s have general authority to carry o
; the objects and business of the ASS
r citation. But they shall not have po'
a er to purchase real estate, except
j cash. nor contract any indebtedns