New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-04-30

thr first Monday in March, 1908, on which
date and thereafter, annually, board OF
directors shall be elected on the 3d Mon
iav in February of each year, unless the
same should be holiday, when the elcc-
fion shall be held on the next legal day
thereafter.
Notice of such election shall be given
by at least (l0) days publication lmmedI
atclv preceding each election IN one ol
the newspapers Of this City; and th"
board of directors shall appoint one or
more stockholders to preside nj such elec
tions as commissioners. In event OF the
failure Of any commissioner OF commls
sioners to attend, the president shall, by
appointment, fill the vacancy. Any tall-
ure from any cause whatsoever to eject
directors the day named for that pun
pose shall not dissolve the corporation,
but the directors then in office, rs well as
the officers Of said Company shall hold
over until their successors are chosen.
In such event the president shall cause
another election to be held within thirty
days, ami shall give Ietice thereof as
herein before provided.
At every election and meeting each
stockholdcr shall be entitled to vote for
name, and may vote by proxy.
The election Of directors shall be by
ballot, and the majority in the amount of
votes east. each share of stock voted upon
TO be counted as one vote, shall elect the
person or persons foI whom they have
been east.
After each election the board OF dlrec-
tors shall elect from their own number
The officers OF said Company.
ARTICLE V.
The board of directors shall have full
power 70 fill vacancies caused by death,
resignation or otherwise, from among the
stockholders of the corporation.
The said board shall have full control
Of the property of this Company, and shall
so conduct, manage and use the same as
in their discretion they deem tit and that
is consistent with the objects of this Com
nanv. or the welfsraa Of the same; Sane.
The said board is further authorized TO
frame and adopt such bylaws, rules and
rerulations as the affairs and business OF
the corporation may require, as 1t may
deem necessary for the conducting and
management thereof; provided the same
shall not conflict with this charter, or with
the laws of the State. or Of the United
!
States.
The said board shall elect or appoint
such other officers, agents, employees,
servants and clerks as it may deem neces.
sary for the conducting of the business OF
the corporations; fix their compensation
term of service, with the right to dismiss
them at said boards pleasure; and said
board shall have the right to fix and deter
mine the salaries Of the several officers
herein provides for.
ARTICLE VI.
This charter may be changed, modified
or amended, the capital stock increased
or decreased or this corporation may be
dissolved, at general meeting OF the
stockholders convened for the purpose
with the assent Of threefourths of the
capital stock, whether present or repre-
sented at such meeting.
Thirty DAYS prior notice of such meet
ing shall be given in any newspaper pub
lshed in this City
In case of dissolution or termination o
this corporation, either by limitation o
its charter or from any cause, the hquida
ton of its affairs shall be conducted b,
three commissioners. selected from tn
stockholders, with like assent, and at
meeting called for that purpose, as abov
set forth in this article.
Said commissioners shall remain il
Office until the affairs OF said corporation
shall have been fully liquidated. In cas-
of the death of one or more of said com
missioners, the survivors or survivor shal
continue to act.
ARTICLE VII.
No stockholder of this corporation sha
ever be held liable or responsible for tn
contracts or faults thereof in any furthe
sum than the unpaid balance due tn
Company on the shares of stock sui
scrbed for or owned by him, nor sha
anv informality in organization have tn
effect Of rendering this charter null, or {
exposing stakeholder to any liability
, beyond the unpaid balance, il any, OF hi
, stock.
Thus done and passed at my Notarii
Office, in the City of New Iberia, lberi
Parish, La, on the day, month and yea
herein first above written, in the presenc
, of Messrs J. Robert Perry and Louis {
Laughll, competent witnesses, of lawfi
. age and residents of this City, who herr
> unto sign their names, together with sal
. parties, and me, Notary, after reading tf
2 whole
: PoRTEUs K. BURKE,
ALBERT EsToRGE,
=, w q. WEEKS,
! JAMES GEBERT,
!, DIR GEO. J. SABATIE
per A. b. Murra
. A. COUSIN, JR..
II j. 2. SuBERBIELLE,
JULES DREyFUs,
LAZARp Killing,
, E. +. DELHoMMER,
q Witnesses: A Il. MURRAY.
o J. X. PERRY,
o L. q. LAUGHLIN.
n r. w. BAUMAN,
Il Notary Publ
n