The weekly Iberian. (New Iberia, La.) 1894-1946, 1907-05-11

fGt SiIi NbllGts rs lnt Uo!ATu u Hatt
tors may fix, Or may b. issuei 10 pay
ment If labor OF services rendered. %
property actually received by the SAFE
| corporation.
IL case Of the failure of any sub
scsi4cr to pay the installmenis de-
mandcd on his stock. rs required, the
board Of directors shall have the on
ton after thirty days written notice t.
the delinquent. of fnrfeitiug bis stock
with ali amounts previously pad
thereon. and no stock older shall have
the right TO vote while 10 default TT
unpaid dnstallmcnts due on his stock
This corporation may begin It's busi-
ness and operations as soon ~ five
| thousand dollars oi the capital stock
shall sc subscribed and pad Tor.
AT shares OF stock shan he fully paid
AID nou asseseablc and transfers ct
stock Shall not Ire binding upon said
cUtnpany unless recorded upon its
books ot transfer.
No stookholder shall be held liable
or responsible for the contracts o.
faults al sad corporation IN any tnr-
ihor sum than the unpaid balance due
on shares OF stock owned by HIM. nol
shall any mere informally III organi
eaton have the effect &c rendering
tins charter null or d! exposing Il stock
holder 10 any liability hey ond the
amount Of his stock. The subscription
and stock .books shall be kcpt at tho
dom,cilc and in the office of the com
pany where certificates Of stock shall
be issued u the subscribers, and
no transfer Of stock shall be rec
ognizcd as valid and binding un-
til the same Is made upon the
stock books Of the company. stock
books shall be closed for the transfer
Of stock ten days before election.
All subscribers to stock and all who
acquire stock by purchase or otherwise
shall lie deemed members of this act
Of incorporation.
ARTICLE V
The corporate powers of said cor
pOration shall be vested in and cxer.
c,sed, and the business and affairs Of
this corporation shalt &c managed and
conducted by a board Of directors COM
posed Of fourteen (14) stockholders.
Said directors shall be elected annus
ally on the first Monday OF May or
such other day as the stockholders at
a regular or any special meeting may
fix, and all such elections shall be by
ballot
OF each election ten days prior no.
lice shall he given in newspaper |
published IN the City of New iberia
and the directors thus elected shall
serve until their Successors shall have
A majority Of the votes
EAST shall elect, aud each share Of stock |
shall be entitled to one vote, either in |
person or by proxy.
4 failure to elect directors en- the |
lay required shall not dissolve the
but the then board Of direc- |
tors shall continue to hold their Office |
md another election shall be held with |
II thirty days thereafter. sand ten days |
prior notice shall be given in news
,apcr published in New Iberia. La.
Any vacancy occurring in the board |
IF directors from any cause whatever |
,hall be filled by election by the re-
naming directors Nine 90 directors
shall constitute a quorum for the trans
action of business.
The board of directors mt the fir |
neetingin each year shall elect one Of
heir own number a president and q
irst. second and third vice-prcsidcfft,
md shall also elect a secretary and
treasurer, but the same person may |
lold the Office Of secretary and treas
irer, and shall appoint from time to
line such officers, clerks, agents and
,Onfcr power to appoint same and 9TH
r. employees as may be deemed ncces.
'ary Tor the business and purposes of
'ald corporation, and dismiss the same
4 II. FIJI
o make and establish as well AS
.hange or amend or alter cOnformably
0 this act OF incorporation, all By laws,
ules and regulations deemed requisite
or the support and management Of the
fIairs aud business OF said corpora
ion, and it shall have full power to
'OrrOw money, execute mortgages. Is.
ne bonds, make contracts, make rules
cr declaration Of dividends and gen
rally to do all things and act in all
latters pertinent TO the objects and
imposes Of this corporation, AS also
D issue and deliver full paid shares Of
his stock or the bonds or obligations
this corporation in payment Tor la.
or done, or money, or rights IN pro-
ertv actually received.
And any rule or bylaw is subject to
epeal, modification or change by the
olders Of majority Of the stock 1t
ny meeting Of the company.
The notice Of the annual meeting Of
he stockholders may be given by pub [
cation as above provided for, or, such
office may be given by ten days no.
&C in writing to each stakeholder Of
&c time and place of holding 81 id an
nal election. which may lie served By
ansmittinR such notice to him ad-
'essed through the mails to his last
'Own place of residence or business;
divided, that when all Of the stock
,lders are present in person or BY
'0xy they may waive ia writing the
,tice and delay for such meeting, ex-
Ut in cases where otherwise plOvid- q
by law. y
In voting for directors each stock. 3
'ldcr shall be entitled to cast either E
person or by proxy. one vote for &
CHI share Of stock owned by him s.
nich shall have been standing in his I
me on the books of the compan, for r
least ten days prior to the date Of T.
id election. H
The board Of directors may establish r
'nsfcr agencies IN financial centcrs -
make transfer Of stock or this cor
ration and under such reasonable
leg and regulations as the board may
ablish. stock transfers on the
Oks Of 81 III transfer agents shall be
emed transferred on the books Of A
, company.
ARTICLE vi.
he following persons shall consti- III
Z the first board Of directors, to-wit: 4
N. Welsh. Jules Dreyf us, H. n ri
arr, Fritz Dietlein. A. b. Romero, :, e.
!. McMahOu. POrteus r Burke. Jk ~