New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1907-10-12

said subscription forfeited, and all amounts
\ paid therein shall ipso fscto become the
property of said corporation.
ARTICLE 6.
All the corporate powers Of his eor,,oyo.
ton shall be vested in, and its officers
shall be under the management and CON
troll OF Z Board of six 60 directors. fon,
- of whom shall constitute quorum for the
transaction of business, mud their acts
shall be valid corporate acts.
The first Board of Directors shall be
composed Of the following named persons,
7 who shall be directors for the term here
1 matter stipulated, to-wit:
r. V Bailey and Henry w. OItte, shall
be members Of said Board of Directors for
six 90 years from the third Monday of
December 1907 f. George Blumenthal
and H. w Holleman, who shall be mem
bers of said Board of Directors for four
az years from the third Monday of De-
cember. 1907; G. f. Reynolds and W. j.
BERNARD. who shall be members thereof
for two years from the third Monday of
December. 1907. On the third Monday of
December, 1909, the stockholders of said
. CORPORATION entitled to vote, shall elect
two persons as directors, who shall serve
for term of six years And each second
| year, UH inc iullu AiOuhhf VI hOS'bpN'r
the said stockholders of said corporation
at called meeting and by majority
vote. shall elect directors to serve for a
term of six years in place of those whose
terms of office are then expiring.
The directors shall be elected at gen
era meeting of stockholders held for that
purpose, at the office of said corporation,
on the said third Monday of December of
each year by the majority vote of stock
holders Each share Of stock held by the
said Cypress Camp or by member of said
Camp then in good standing therein
shall be entitled to one vote; and all such
elections be by ballot, and stock may be
represented and voted by proxy at all meet
| ings of stockholders. But stock not owned
by said Cypress Camp, or a member there
of shall not be entitled TO vote on any
question at any meeting of said stockhold-
ers. -.
| In case of vacancy in the Board of Di-
rectors by death, resignation, or otherwise
sal vacancy shall be filed by election by
| the remaining members of the Board.
| The officers of said corporation shall
consist of a President, Vice President,
Secretary and Treasurer; all of whom.
shall be elected by the Board of Directors
| from their own number at a meeting Of
Sdlu DOdEu ~ Ut utll oH the StCOHu mOU@
day of January of each year. All of said
officers shall be elected to serve for one
year, and shall continue in Office until
their successors shall have been elected
and qualified. Within one week after
their election. the Secretary and the
Treasurer shall each give bond in such
sum as shall be required of them respect
lively by the Board of Directors In case
of vacancy in any of said officers by death,
resignation, or otherwise, such vacancy
shall also be filed by said Board of D-
reetors.
No person shall be eligible as a direc-
tor of said corporation unless he is
stakeholder therein and member in good
standing of said Cypress Camp No "a
Any director who ceases to be a stockhol-
der by sale or transfer of the stock or
otherwise is no longer in good standing in
said Camp, shall be deemed ipso facto to
have vacated his dictatorship. The first
officers of this corporation who shall hold
Office until the second Monday in Janu-
airy, 1909 and thereafter, until their sue
csssors are elected and qualified, shall be
as follows:
President, Cyril E. Reynolds; tice-Pres-
ident, Henry " Baily; Secretary f. G..
Blumenths; and Treasurer, William j.
Bernard
Any failure to elect officers or directors
on the date or within the time specified
for the election thereof, shall not invali-
date this charter, but the election of said
directors or officers shall be held as soon
thereafter as practicable, at meeting
called for that purpose, after five days
notice to all those entitled to participate in
said election. -
ARTICLE 7.
This charter may be changed, modified.
Or amended or sscapital stock increased. &
DR. this corporation may be dissolved with
he assent of three-fourths (3-4) of the
holders of all the stock of the corporation
1t general meeting of the stockholders
leld for that purpose after ten days writ
EN- notice to each stakeholder mailed to
Tim at his post Office addressed at least
en- days before each meeting and pub
ication OF such notice for same period of
ime, just prior to such meeting in one of
he daily newspapers of the City
ARTICLE 8.
Whenever this corporation shall be die
olved by limitation or from any other
ause, its affairs shall be adjusted aud IL
Undated aud settled by three CO liquida-
ing commissioners, who shall be elected
y a majority of the stockholders Mt a
or that purpose after ten days notice of
uch meeting given in the manner p.. vi
ed in the preceding article, aud said H.
uldating commissioners shall remain in
flee unit! the affairs of said corporation
hall have been fully liquidated and set
ed
IN case OF the death, resignation, or
allure to act OF one or more of said com
customers, the survivors or survivor shall
1ntinue to act.
ARTICLE
No stakeholder of this corporation shall
yer be held liable or responsible for the
'ntracts Or faults thereof in any further
I'm than the unpaid balance due to the
Dmpany on the shares of the stock owned
subscribed for by him; nor shall any
ere lnformality in the organization have
70 effect OF rendering this charter null.
OF exposing stakeholder to any liabil.
beyond the unpaid balance, if any, of
s stock
Thus done and passed at my Office in
Q City of New Iberia, Parish OF iberia
ate OF Louisiana, in the presence of the
ldersigned witnesses on this Dad dav Of
ptember. 1907, in the presence of Lar
d King and William Bauman, good and
mpetent witnesses residing in New Ibe-
!, La.
oYPRESS w. Q. w. No. "a 15G Shares.
Per 9. X. Reynolds, Com Com.
g. q; REYNOLDS, 10 Shares
: VIM. W. HoLLEM3N.f 3 Shares her d ortte'
HENRY ". oRTTE. 10 Shares
:, CASE, Shares; Per H. Ortte g.
F.. e. BLUMENTHAL, Shares. -
I'd PLAISANCE, 2 Shares
John HOLBROCk, Jr. q Shares
W. D. REYNOLDS . sbares
A IA sslE EI 2 Shares.