New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1907-02-09

| The president, or in event OF his SICK
ness, absence or inability to act from any
cause. the vice president, is hereby des-
/ ignated as the officer upon whom all clta-
I ti0ns and other legal process be served.
( ARTICLE III.
/ The objects and purposes for which
/ this corporation is established and the ma
rare of the business to be carried on by
it are hereby declared to be to build and
own theatre and building in New Iberia,
Louisiana, in which the Elks Fraternity
may hold their meetings, and from which
hey purpose to obtain revenue to be
given exclusively solely to New Iberia
Lodge No 554, Benevolent and PrOtec-
tive Order of EIks; also the exercise of
charitable and benevolent acts.
ARTICLE ".
The capital stock of said corporation is
Fifty Thousand Dollars, represented by
one thousand shares of Fifty Dollars each,
which shall be paid in full at the time OF
subscription. Stock shall be issued after
full payment, and said shares shall be sub
bscribed to and issued only to members of
\. i Lodge, No 554 Benev't and Protective
Order of Elks and shall be non-transfer
able except to a member of said Lodge in
good standing.
In the event of stakeholder ceasing for
any cause to be a member of said Lodge
his stock shall ipso facto become forfeited
and revert to the corporation.
This corporation shall commence active
operations after Five Thousand Dollars
of the capital stock will have been sub
Scribed.
ARTICLE V.
The business and affairs of said corpora
ton shall be managed and conducted by
and its corporate powers shall be vested |
in a Board of Directors composed of nine |
stockholders, to-wt: NJ. F. Smith, Pres |
ton King, Edwin S. Broussard, julius
Schartf, A. ]. Suberbielle, Jules Dreyfus,
A. n. Muller, Leopold King and Porteus
Il. Burke, with the said Julius Scharff as
president and Preston King as vice-presi
dent, and the Board shall elect one of
their members secretary and another
treasurer, and they shall hold their ,taices
until the first Monday in April 1868, or
until their Successors shall have been
elected and qualified.
On the first Monday of April. 1908 and
thereafter an election of direc
tors shall be held at the Office of the Com
pany, Of which election ten days notice
shall be given by one publication, pub
shed III a newspaper in New Iberia, La.
Said election shall be by ballot and
conducted under the superintendent
If three commissioners to be appointed !
Oy the board of directors, and at all cleo
ions and meetings each. share of stock .
shall be entitled to one' vote, either in
person or by proxy, majority of votes
EAST shall elect and the directors elected
shall Immediately take their seats and
lold their offices until the next annual
lection or until their Successors shall
lave been elected and quSifTed. A fail
ire to elect directors on the day required
hall not dissolve the corporation but the !
Xisting board shall continue in office I'M
il the next annual meeting, when in ad
ltlon to the publication herein before re-
ulred a notice in writing shall be given |
y the secretary directed to each stock
older and sent to him by mail, notifying
i'm of the day and date of the election.
n the event of no election being held at
his time the board of directors shall con-
niue to act for the period herein above
royided for and the same formalities
hall be observed with reference to each /
ubsequent annual election. Any va
ancy occurring in said board from any
ause whatsoever shall be filled by the re-
raining directors, five directors shall CON
itute quorum for the transaction of
usiness, and each board of directors
lall elect from their number president
ice president, secretary and a treasurer,
no shall hold office during the term of
flee of the board electing him, and the
lid board shall from time to time appoint
n hpr off 9TH | 1
may be deemed necessary for the bust
9sS and purposes of said corporation and
smiss the same at pleasure, and shall
ave full power authority TO make and
tablish as well as to change, amend and
ter all the bylaws and resolutions for
e management of the business and af-
irs Of said corporation. Any director j.
ay appoint stakeholder to act as his B
oxy and represent him as such director 3
Iring his temporary absence, with all the E
ivileges aud powers of such absent d. b
ctor for the time being. All directors 4
all be Elks in good standing and mem b
rs OF New Iberia Lodge No. 554, Bene-
lent and Protective Order of Elks. IS
ARTICLE VI.
This charter may be modified, changed
d amended, or this corporation be dis e
Ived with the assent of three-fourths of z
9 capital stock presented or represented
general meeting of the stockholders
nvened for such purpose after thirty :
US notice thereof shall have been given
a newspaper published in New Iberia,
:, and special notice duly mailed to
ch stakeholder at least forty days be-
e the date Of the said meeting. In
ent of dissolution or other termina-
n of this charter the liquidation of its
airs shall be conducted by three com
ssioners appointed by the stakeholder
q neneral npati ncr Snnni lIxr aallad