New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-08-06
elected and inducted into Office. In case

elected ana lnducteQ into once. In case
Of failure to elect said directors on the
day hereinabove fixed, or on such othel
day az may have been decided upon, this
corporation shall not be dissolved, but
the incumbent directors shall continue in
office, until succeeded by subsequent
election as hereinabove declared. The
first Board of Directors shall be elected
by the stockholders Immediately upon
signing of this act, and without other
formalities. IL any member or members
of the board of directors should die during
his, or their term sf Office, his, or their
executors, administrator, or other legal
redresentative shall Immediately become
member of said board OF directors, OF
may designate in 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 as
stipulated in Art. 5, occurring from any
cause in the Office of this corporation.
The kboard of directors shall have power
to make, adopt, or change, alter or repeal,
all such rules and 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 en-
ployees as they may deem proper and
the same to dismiss at 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.
To borrow money; and to do all acts per
tnent 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
as 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 at 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 as they see fit. 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 re President and Treasurer may
be combined in the same person when the
board of directors may deem it proper.
The officers thus elected shall serve as
above provided. The duties of the Prasi
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, at 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
inSs to be held at the Office of said corpora
obvious reasons by the members of
said board.
ARTICLE
At its dissolution, whether by liqnida-
tion 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 a 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
q vacancy occur in their number such va
cancy shall be filed by vote Of the ma
jOrity of the stockholders. The compen-
sation for said commissioners shall be
fixed by the stockholders at the time of
the election of said commissioners.
ARTICLE X.
Ten days written notice delivered. in
person or mailed to each stockholder, ad-
dressed to him at his residence or place
Of business, shall be given in advance of
every meeting of the stockholders pro-
vided in this charter, but said notice may
be waived by the unanimous consent OF
of said stockholders expressed in writing
before the meeting, or at the meeting
when called.
ARTICLE XI.
Each stockholder shall be entitled to
one vote for every share of stock held
by him, at every election and meeting,
and may vote by proxy.
ARTICLE XII.
No stockholder of this corporation shall
ever be held liable. or responsible for the
contracts or faults thereof, in any further
sum than the unpaid balance due the
company on shares of stock subscribed
or owned by him, nor shall any informality
in organization have the effect Of render
ing this charter null, or Of exposing q
to any liability. beyond the
unpaid balance. if any, of his stock.
ARTICLE XIII.
This act Of incorporation may be
in amount Of the capital stock, expressed
at meeting specially convensd of the
stockholders for that purpose, sfter ten
days written notice given as above
provided, however, that any
change. alteration, dissolution or liquida-
tion may be accomplished Immediately
and without formality by the unanimous
written consent of all the stockholders.
Any change in reference to the increase
Of the capital stock, which is herein pro-
vided for and consented to, shall be made
In the manner provided by law.
Thus done and passed at my notarial
office, in the City Of New Iberia, Iberia
Parish, Louisiana, on the day, month and
year first above written, in the pres
ence Of Messrs. V. Alfred Souathe and
Mic. Muller, competent witnesses, OF law
ful age and residents Of this City, who
hereunto sign their names together with
said parties and me, Notary, after due
reading.
J. w. ECKART,
FRITZ DEITLEIN,
w. J. ECKART.
v. ALFRED SoUArHE,