The weekly Iberian. (New Iberia, La.) 1894-1946, 1904-10-29

the parish of Iberia; and the BOarC
of Directors shall appoint one or more
stockholders to preside at such elec
ton as commissioners. In the event
of the failure of any commissioner OIL
com missioners 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 direc ors
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 80 days, and shall give notice
thereof as herein before provided.
At every election and meeting each
stock holder shall be entitled to vo.e
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 tor
whom they have been cast.
After each cleo ion the board of di-
rectors shall elect from their own
number the officers Of said company
ARTICLE
The poard of directors shall have
full power to fill vacar cies in their
number caused by death, resignation
or otherwise, from among the sock
holders OF the corporation
Thu sid Board shall have tut con
troll of The property of this c"m"anv
AMI shall so conduct, manage aud use
he ~ame az IN their di~cr ti"n they
teen fr and that is conSi~'ant 81 =
1he ojectS Of this company or h.
welfare Of the same
The said Boa d IS further III ~orized
t. frame nd adopt such by laws,
rni~s and regulations as the aft ,i,S
and business Of the COMPANY may re
qulre, and as il may deem necessary
for the conducting and m 'nayement
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
noiut Secretary and such other of
frers. agents. EMPLOYEES, servants
and clerks as l. NAV 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. modt
fed or amended, the capital stock in
creased or decreased, or this corpora
ticn NAV 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 such meeting shall be given in
any newspapers published in Iberia
parish.
/ In case of dissolution or termination
Of this corporation, either by 1imita
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 a meeting called
for that purpose, as above set forth in
this article.
Said commissioners shall remain in
Office until the affairs of spid 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
BILE 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 effec
of rendering this charter null, or of
exposing a stakeholder to any liabili
tv beyond the unpaid balance. if any.
of his stock.
Thus done and passed at nv MOTTO |
rial offire, in the City of New Iberi
Iberia Pansh, La, on the day, month |
and year herein first above written,
in the presence of Messrs Jno. E |
Schwing and E. F.. 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 (5y Five Shares
J. c. Daspit 81 Five Shares
WITNESSES.
John E. Schwing
E. E. Delhommer
F. W. Bauman,