The weekly Iberian. (New Iberia, La.) 1894-1946, 1903-09-26

either FeatOr personal as its Board of DiFec-
.ors may decide this may be Increased TO any
amount within the limits fixed by the law
governing the formati n and organization of
corporations, limited.
ARTICLE V.
All transfers Of stock shall be made on
the books Of this corporation by the stock
holder or his attorney in fact provided that
no stakeholder SHAH dispose of his or her
stock without first giving to the other
stockholders ten days notice Ia writing of
his or her intention to so dispose of his or her
stock during which period of time the stock
holders TO whom such notice is given, shall
have the first right OF purchasing said stock
at its actual value.
ARTICLE VI
All the corporate powers of said corpora
ton shall be vested in and exercised by a
Board Of Directors to be composed of four
persons. who shall be stockholders, three Of
whom shall constitute "a quorum for the
transaction Of business. They shall be an
nuallv elected by ballot at the office of the
corporation under snch form and regulations
as may be adopted ON the second Monday Of
July of each wear. Every stakeholder shall
stock standing III his name on the books of
the accompany to be cast either in person or
by PROXY. and majority of the votes cast
shall elect
A failure to elect Board of Directors on
the date above specified shall not dissolve
the corporation. but the Directors then in Of
flee shall remain in Office until their
successors are duly elected and quail
fed
The first Board of Directors named in this
charter. and such boards as may thereafter
be elected in accordance herewith. Shall elect
from their number President ana Vice
President, Secretary aud Treasurer and
Manager The Board OF Directors shall have
the power 10 elect tie same person 10 fiji aov
two or more OF the offices above pro-
vided
The said Board may make and es abli,h.
as we'll rs alter and amend any aud all by-
laws. rules and regulations necessary and
properf for the support and management Of
the business affairs Of the said corporation.
and the said board shall have full poW4rand
authority to borrow money. execute rnortga
ges and create liens. issue notes or other ob
legations and generally to do all things
reasonable and necessary for the proper
carrying on of the business of the said corno-
ration.
ARTICLE VII.
The Treasurer Manager shall be vested
with full control of tie mercantile transac
ton or afairssof this corporation to the end
Tor which 1t was created, by him shall all mr.
chases and sales of said corporation he
effected. He shall draw and sign its
checks
ARTICLE VIII.
This act of Incorporation NAV be chang
Cd amendeded, altered or modified. or II, MAY
De dissolved by the assent of a two-,birds
soie at d meeting called for that burmese.
ten Gays previous notice icing given TO each
'C'ekh Jider In person or To his accredited
agent or attorney in face, or by mail as the |
nc cessity may require.
ARTICLE XIV.
Until the election to be held IN tho sao |
nd Monday of July, 1903 the FOLLOWING nor
sons snail constitute the first Board Of Direc- |
tors, to-Wit: Il McGowen NJ Il jackson q |
AcGowen and + Z jackson: with u No
5owen as President, and NJ b jackson as
wee PRESIDENT, and G A McGowen as secra-
AIRY. and X Jackson as Treasurer who
shall hold their Office until their Successors
shall have been elected and ona,i6ad 81
above provided.