The weekly Iberian. (New Iberia, La.) 1894-1946, 1904-10-15

held on the next legal day thereafter.
Notice of such election shall be Civ
en- by at least ten days continuous pub
LEGATION Immediately preceding each
election in one of the newspapers of
the parish Of Ibcriaj and the Board
of Directors shall appoint one or more
stockholders to preside at such cleo
ton as commissioners. In the event
commissioners to attend, the president
shall, by appointment, fill the vacan-
cy. Any failure from any cause
hatever to elect directors the day
named for that purpose shall not dis
solve the corporation, but the directors
then in office, as we'll as the officers of
said company, shall hold over unit
their successors are chosen.
In such event the president shall
cause another election to be held
within 30 days, and shall give notice
thereof as herein before provided.
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 in amount
of votes cast, each share of stock vo-
ted upon to be counted for one vote.
shall elect the person or persons for
whom they have been cast.
After each election the board of di-
rectors shall elect from their own
number the officers of said company.
ARTICLE V.
The board of directors shall have
full power to fill vacancies in their
number caused by death. resignation
or otherwise, from among the stock
holders OF the corporation.
The said Board shall have full con
troll of the property of this company,
and shall so conduct, manage and use
the same as in their discretion they
deem fit, and that is CONSTANT with
the objects of this company 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 business of the company may re-
quire. and as it may deem necessary
for the conducting and management
thereof; provided the same shall not
conflict with this charter, or of the
laws of the State, or of the United |
The said Board shall elect or APP
point Secretary and such other Of
ficers. agents, employees, servants
and clerks as it may deem necessary
for the conducting of the business of
the Corporation: fix their compensa-
ton, term of service. with the right to
them at said boards pleasure;
and said board shall have the right to
Tx and determine the salaries of sew
eral officers herein provided for
ARTICLE VI.
This charter may be changed, modi-
led or amended, the capital stock in
creased or decreased, or this corpora
len may be dissolved, at general
meeting OF the stockholders convened
or the purpose with the assent of
hree fourths of the entire capital
tock whether present or represented
It such meeting. Ten days prior no.
ice of such meeting shall be given in
my newspapers published in Iberia
In case of dissolution or termination
It this corporation, either by limita
ION of its charter or from any cause,
he liquidation of its affairs shall be
by three commissioners,
elected from the stockholders. with
Ike assent. and at a meeting called
or that purpose, as above set forth in
his article.
OAHU S1dll remain IN
ffice until the affairs of said corpora
ion shall have been fully liquidated.
n case of the death of one or more of {
aid commissioners, the survivors or q
urvivor shall continue to act.
ARTICLE VII.
No stakeholder of this corporation +
hall ever be held liable or response
lie for the contracts or faults thereof
! any further sum than the unpaid L
alance due the company on the
lares OF stock subscribed for or a
wned by him. nor shall any infor. =
lality in organization have the effect
rendering this charter null or of
kposing stakeholder to any liabili-
: beyond the unpaid balance. if any,
his stock.
Thus done and passed at my Motto.
al Office, in the City of New Iberia, :,
)eria Parish. La. on the day. month