New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-04-02

of the President, Vice President and the
Secretary and Treasurer and eight 90
stockholders. Six 90 of said board shall
constitute quorum for the transaction
of business, and their decisions shall be
valid corporate acts.
The following persons shall constitute
the first board of directors: Porteus r.
Burke, Anselm B. Murray, William G..
Weeks, DR.. Geo. J. Sabatier, Albert Est
orge, Lazard King, Jas. Gebert, A
Cousin, Jr., E. E. Delhommer, J. P. Su-
beIbielle, and Jules Dreyfus.
No person shall be eligible as director
or an officer who is not a stakeholder of
this company.
During the absence of the President
the President, and in the absence of
both the board may appoint president
pro TEN, who shall act and preside.
Said board shall continue in Office until
the first Monday i'll March, 1905, on which
date and thereafter, annually, a board of
directors shall be elected on the Sd Mon
day in February of each year, unless the
same should be holiday, when the elec-
ton shall be held ON the next legal day
thereafter.
Notice OF such election shall be given
by at least (10) days publication immedi-
ately preceding each election in one Of
the newspapers of this City; and the
board of directors shall appoint one or
more stockholders to preside at such cleo
tons as commissioners. In event of the
failure OF any commissioner or commits
sioners to attend, the president shall, by
appointment, fill the vacancy. Any fail
ure from any cause whatsoever to elect
directors the day named for that pur-
pose shall not dissolve the corporation,
bat the directors then in Office, as 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, 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 the amount of
votes cast, each share of stock voted upon
to be counted as one vote, shall elect the
person or persons for whom they have
been cast.
After each election the board of direc-
tors shall elect from their own number
the officers of said Company.
ARTICLE V.
The board of directors shall have full
power to FL vacancies caused by death,
OF otherwise, from among the
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 ht, and that
is consistent with the objects Of this Com
pany, 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 corporation may require, as it may
deem necessary for the conducting and
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-
,ary for the conducting of the business of
he corporation; fix their compensation,
ERIN of service, with the right to dismiss
hem at said boards pleasure; and said
BOARD shall have the right to fix and deter
nine the salaries of the. several officers |
herein provided for.