New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-07-02

This corporation shall commence doin
business rs soon a. Five Thousand DO
lars of the capital stock shall have bee
subscribed for, of which stock of 1926
10 600 90, Jos. W, Eckart hereby subscribe
:, to 50 shares VIM. J. Eckart, 10 share
and Mr.. Frederick Deitein. 10 shares,
ARTICLE V.
). The corporate powers of this corpora
Y ton shall be vested in a board of drec
4 tors, elected by majority of the stock
holders thereof at an election to be hell
therefor, on the first Monday ofJuly of eacl
year, at such time as may be necessar,
# or convenient who shall hold Office 70
the term of one year, or continue in offic,
until their successors shall have beer
elected and indicted into office. In cas-,
q of failure to elect said directors on tn,
/ day hereinabove fixed or on such othe,
day no may have been decided upon, this
corporation shall not be dissolved, but
u the incumbent directors shall continue il
S office. until succeeded by subsequent
y election as horenabove declared. The
first Board of Directors shall be elected
by the stockholders immediately upon
signing of this act, and without other
D formalltles. IL any member or members
of the board Of directors should die during
his, or their term Of Office, his, or their
executors, administrator, or other legal
REPRESENTATIVE shall Immediately become
u member of said board OF directors, or
may designate i'll writing, some agent, to
act as such member or members until the
; next election of directors.
ARTICLE VI.
The Board of Directors shall have
power to fill all vacancies. except rs
stipulated III Art. 5, occurring from any
cause in the Office of this corporation
The picard of directors shall have power
to make, adopt or change, alter or repeal.
all such rules aud regulation for the con
duct and management and business of
this corporation as they may deem proper.
To appoint from time to time, such
officers, clerks agents and other ON
ployees as they may deem proper and
the same to dismiss mt pleasure to make
general and special provisions for the fill
ing of any Office during the temporary or
permanent inability of any officer to act
10 borrow money and to do all acts per-
tinent to the objects and purposes of this
corporation; and in exercising such pow
ers the board of directors may act, either
directly or through such officers or agents
MS it may appoint with: general or special
authority. Any member Of the board of
directors may be represented by proxy,
and the majority Of the board in number
shall constitute quorum nj all meetings
OF the board. All salaries shall be fixed
| by the board of directors and it shall be
vested with authority TO employ or dis
charge employees rs they see iit.- All
questions arising before said board shall
be decided by majority vote Of the men,
bers present.
ARTICLE VII.
The officers Of this corporation shall
consist of President, Secretary and
Treasurer elected by the board of directors
at their first meeting after their election
the offices of President and Treasurer NAV |
be combined in the same person when the |
board of directors may deem it proper.
The Officers thus elected shall serve ms
above provided. The duties of the Presi-
dent, Secretary and Treasurer, shall be
the regular duties usually performed by
such officers and such special duties as
the board OF directors may designate.
ARTICLE VIII.
The annual meeting of the stockholders
of this corporation shall be held on the
first Monday of July OF each year, ut the
Office of said corporation notice whereof
shall be given at least ten days in ad.
vance. Special meetings may be called
by the president OF in his absence or in
ability to act, by the Secretary, or by pc
tition signed by majority of the stock
holders Of this corporation. The regular
meetings of the board of directors shall
be held monthly on the first Tuesday OF
each month. Special meetings may be
held at such time as may be designated
by the officer calling same all said meet
ings to be held at the office of said corpora
ton unless otherwise consented to for
obvious reasons by the members of
said board
ARTICLE TX.
At its dissolution whether by liquida-
ton or otherwise or whatever cause the
Affairs of this. corporation shall be liqui-
dated by one or more commissioners,
elected by majority of the stockholders
Of the corporation at meeting held for
that purpose, ten days previous notice in
writing being given to each stakeholder.
Said commissioners to remain in office
until the affairs of said corporation shall
have been finally liquidated, and should
4 vacancy occur in their number such va
,ancy shall be filed by vote of the ma
0rity of the stockholders. The compen-
,ation for said commissioners shall be
ixed by the stockholders Mt the time of
he election of said commissioners.
ARTICLE X.
Ten days written notice delivered in
'erson or mailed to each stakeholder, ad.
Iressed TO him ut his residence or place
II business, shall be given in advance of
very meeting of the stockholders pro-
ided in this charter, but said notice may
20 waived by the unanimous consent OF
It said stockholders expressed in writing
'efore the meeting, or Mt the meeting
When called.
ARTICLE XI.
Each stakeholder shall be entitled to
ne vote for every share of stock held
" him, at every election and meeting,
nd may vote by proxy.
ARTICLE XII.
No stakeholder of this corporation shall
yer be held liable or responsible for the
ontracts or faults thereof, in any further
um than the unpaid balance due the
ompany on shares of stock subscribed
T owned by him, nor shall any informalty
4 organization have the effect OF render
ne this charter NULL or of exposing a q
tockholder to any liability, beyond the
npaid balance, If any, of his stock
ARTICLE XIII.
This act OF incorporation may be
hanged, modified or altered by majority
! amount of the capital stock expressed
a meeting specially convened of the
fockhoders for that purpose, after ten
avs written notice given as above
rescribed. provided, however, that any
hange. alteration, dissolution or lquida-
on may be accomplished Immediately
nd without formality by the unanimous
'ritten consent of all the stockholders.
ny change in reference to the increase
the capital stock, which Is herein pro-
ided for and consented to, shall be made
J the manner provided by law.
Thus done and passed at my notarial
flee, In the City of New Iberia, Iberia
arish, Louisiana, on the day, month and T
ear first above written, in the pres
nee OF Messrs. V. Alfred Souathe and
lie. Muller, competent witnesses, OF law