New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1906-06-02

Said board shall continue in Office until
the End day of June, 1907, and thererfter
annually, board of directors shall be
elected on the lst Tuesday in June Of each
yesr, unless the same shall be holiday,
when the election shall be held on the
next legal day thereafter.
Notice of such election shall be given
by at least ten (10) days continuous putss
lication Immediately proceeding eac
election, in newspaper published in and
of this City; and the board of directors
shall appoint one or more stockholders to
preside at such election as commissioners
In the event of any commissioner or com
missioners failing to attend, the president
shall, by appointment, fill the vacancy.
Any failure from any cause whatever to
elect directors the day named for that
purpose 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 an
other election to be held within Thirty
days, and shall give notice thereof as
herein above provided.
AT every election and meeting each
stoekholder 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
svotas east, each share Of stock voted upon
to be ee-isted%or one vote, stall elsRt The
person or persons for whom they have
been east
After each election the board OF dirsG
tors shall eject from their own number
the officers of said company.
ARTICLE V.
The board of directors shall have full
power to Gil vacancies in their number
caused by DEATH resignation or otherwise,
from among the stockholders OF the cor
poration.
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 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, and it may
deem necessary for the conducting and
thereof; provided the same
shall not conflict with this charter or with
The laws Of this State, or of the United
States.
The said board shall elect or ap-
point secretary and such other officers,
agents, employees, servants and clerk as
i may deem necessary 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; aud said board shall have the |
right to fix aud determine the salaries Of |
he several officers herein provided for.
ARTICLE vi.
This charter raay be changed, modified |
Or amended, the capital stock increased |
Dr decreased, or this corporation may be |
dissolved, at general meeting OF the |
convened for the purpose, |
with the assent of three fourths OF the en-
ile capital stock, whether present or rep
resented at such meeting.
Ten days prior notice of such meeting |
shall be given In any newspaper published |
n this city.
In case of dissolution or termination OF |
his corporation; either by limit alton OF |
IS charter or from any cause, the liquida- |
ion OF its affairs shall be conducted by |
Two CD commissioners, selected from the |
with like assent, and at a
meeting called for the purpose, us above
vet forth in this article.
Said commissioners shall remain In |
,ffice until the affairs of said corporation
hall have been fully liquidated. In case
II the death OF one or more OF said CON-
nissioners, the survivor shall continue to |
let
ARTICLE VII.
No stockholder OF this corporation shall |
'ver be held liable or responsible for the
contracts or faults thereof in any further
'un than the unpaid balance due the com.
,any on the shares of stock siibscrited |
or or owned by him, nor shall any i'm
ormality In organization have the effect |
II rendering this charter null, or OF ex-
'osing stakeholder to any liability, be-
Tond the unpaid balance. II any, OF his
tock.
Thus done aud passed at my notarial
'fice, in the City OF New Iberia, Parish |
II Iberia, State OF Louisiana, on the day,
month and year frs. above written. in the |
presence OF Rene Girard and Ed. J. Le-
Blame, competent witnesses, of lawful |
'ge, and residents Of this city, who here
into sign their names, together with said |
,arties, and me, Notary, after reading Of |
he whole.
MELVIN W. FISHER. 30 Shares.
H. j. HILL, 90 Shares.
K. D. S0UTHWELL, 30 Shares. /
,v;,ra.s. RENE GrRARp,
= ''aesS Ed. ]. Leblanc.
r. w. BAUMAN,
D..2lsn