The weekly Iberian. (New Iberia, La.) 1894-1946, 1904-11-05

of Directors shall appoint one or more
stockholders to preside at such cleo
ton as commissioners. In the event
of the failure OF any commissioner or
com missioners to attend, the president
shall, by appointment, fill the vacan-
cy. Any failure from any cause
whatever to elect directors the day
named for that purpose shall not dis
solve the corporation, but the directors
then in office, as well 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 80 days, and shall give notice
thereof as herein before provided.
At every election and meeting each
stock holder 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 consistent 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
States.
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
dismiss them at said boards pleasure;
and said board shall have the right to
fix and determine the salaries of sew
eral officers herein provided for.
ARTICLE vi.
This charter may be changed, modl
fed or amended, the capital stock in
creased or decreased, or this corpora
ticn may be dissolved, at a general
meeting OF the stockholders convened
for the purpose with the assent of
three fourths of the entire capital
stock whether present or represented
at such meeting. Ten days prior no.
tice of su CHI meeting shall be given in
any newspapers published in Iberia
parish.
In case of dissolution or termination
of this corporation, either by limita
ton of it's charter or from any cause,
the liquidation of its affairs shall be
conducted by three commissioners,
selected from the stockholders. with
like assent, and at meeting called
for that purpose, as above set forth in
this article.
Said commissioners shall remain in
office until the affairs of said corpora.
ton shall have been fully liquidated.
In case of the death of one or more of
said commissioners, the survivors or
survivor shall continue to act.
ARTICLE VII.
No stakeholder Of this corporation
shall ever be held liable or response
bic for the contracts or faults thereof
in any further sum than the unpaid
balance due the company on the
shares Of stock subscribed for or
owned by him, nor shall any infor.
mality in organization have the effect
of rendering this charter null, or of
exposing a stakeholder to any liabili-
ty beyond the unpaid balance. if any,
of his stock.
Thus done and passed at my Motto
rial Office, in the City of New Iberia,
Iberia Parish, La, on the day, month
and year herein first above written,
in the presence of Messrs. Jno. E.
Schwing and E. E. Delhommer, COM
petent witnesses of lawful age, who
hereunto sign their names, together
with said parties and me, Notary, af-
ter due reading of the whole.
Oscar Daspit (40) Forty Shares
0. P. Daspit (5) Five Shares
J. c. Daspit (5) Five Shares
WITNESSES.
John E. Schwing
E. E. Delhommer