New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-05-07

date and thereafter, annually, a board o
directors shall be elected on the Sd Mon
day in February of each year, unless th'
same should be a holiday, when the elec
tion shall he held on the next legal dal
thereafter.
Notice of such election shall be giyel
by at least (l0) days publication immed
/ atcly preceding each election in one Of
the newspapers of this City; and the
/ board Of directors shall appoint one OF
more stockholders to preside at such elec
tiOns rs 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,
but 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
stockholder shall be entitled to vote for
each share of stock registered in his
name, ana may vote DN proxy.
The election of directors shall be by
ballot, and the majority in the amount of
votes east, 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 fill vacancies caused by death
resignation or otherwise, from among the
stockholders of the corporation.
The said board shall have full control
of the property of this Companysand shall
50 conduct, manage and use the same as
in their discretion they deem fit, 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
management thereof; provided the same
shall not conflict wthehis 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-
sary for the conducting of the business of
the corporation; fix their compensation,
term of service, with the right to dismiss
them at said board pleasure; and said
board shall have the right to fix and deter
mine the salaries of the several officers
herein provided for.
ARTICLE VI.
This charter may be changed, modified
or amended, the capital stock increased
or decreased, or this corporation may be
dissolved, at a general meeting of the
stockholders convened for the purpose,
with the assent of three -fourtbs of the
capital stock, whether present or repre-
sented at such meeting.
Thirty days prior notice of such meet
ing shall be given in any newspaper pub
lshed in this City.
In case of dissolution or termination of
this corporation, either by limitation of
its charter or from any cause, the liquida-
tion of its affairs shall be conducted by
three commissioners. selected from the
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 said corporation
shall have been fully liquidated In case
of the death OF one or more of said com
the survivors or survivor shall
continue to act.
ARTICLE VII.
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 the shares eff stock sub
scribed for or owned by him, nor shall
any informality in organization have the
effect Of rendering this charter null, or of
exposing a stakeholder to any liability, |
beyond the unpaid balance, if any, of his
stock.
Thus done and passed at my Notarial |
Office, in the City of New Iberia, Iberia
Parish, La, on the day, month and year
herein first above written, in the presence
If Messrs. j. Robert Perry and Louis G.. |
Laughlil, competent witnesses, of lawful |
,ge and residents of this City, who here
INTO sign their names, together with said |
parties, and me, Notary, after reading the |
whole.
PoRTEUs K. BURKE,
ALBERT EsToRGE,
W. G. WEEKS,
JAMES GEBERT,
DR.. GEO. J. SABATIER,
per A. B. Murray,
A. COUSIN, JR.,
j. p. SUBERBIELLE,
JULES DREYFUs,
LAZARD Killing,
E. E. DELHoMMER,
Witnesses: A. b. MURRAY
j. r. PERRY,
l.. q. LAUoHLIN.
F. w. BAUMAN,
Notary Public.