New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1907-05-04

: | reSp0nSlbie tOf the contracts or faults OF
said corporation in any further sum then
r the unpaid balance due on shares of stock
o owned by him nor shall any more infor-
z rnality in organization We the effect Of
t rendering ibis charter null or of exposing
: n stockholder TO any liability beyond the
g amount OF his stock, the suhscpjpfion
+ and stock books shall be kept ut the DOM
8 cile and in the Office of the Company
+ where certificates Of stock shall be issued
, to the subscribers. and no transfer Of
] stocL shall be recognized ms valid and
+ binding until the same is made upon the
+: stock books of the, Company. Stockbooks
shall be closed for the transfer Of stock
ten days before election.
. All subscribers to stock and all who ac-
quire stock by purchase or otherwise
shall be deemed members Of this act Of
incorporation.
ARTICLE V.
r The corporate powers Of said corpora
tion shall be vested in and exercised, and
the business and affairs of this Corpora.
ton shall he managed and conducted by
board of directors composed of fourteen
(14) stockholders.
/, Said directors shall be elected annually
on the first Monday of May, or such other
day rs the stockholders at u regular or
any special meeting may fix. and all such
elections shall be by ballot.
OF each election ten days prior notice
sball be given IN o newspaper published
in the City Of New IBERIA and the drco-
tors thus elected shall serve until their
successors shall have been elected. A
ajority Of the votes east shall elect, and
each share of stock shall be entitled to
| 70 10, ly-,
a failure to elect directors on the day
required shall not dissolve the Corpora
ton but the board Gf directors shall con
Time TO hold their Office aud another elec
tion shall be held within Thirty days there |
after aud ten days piiol notice shall be
given in newspaper published in New
IBERIA, La.
Any vacancy occurring in the board of
directors from any cause whatever shall
be filed by election by the remaining di |
rectors. Nine (9) directors shall consti |
tute quorum for the transaction Of bust
| ness.
The board Of directors at the first meet
| ing in each year shall elect one Of their
own number president and first, acc
ond and third vice president, aud shall
also elect a secretary and treasurer. but
the same person may hold the office of
secretary and treasurer, and shall appoint
from time TO time such off GERS clerks.
agents aud confer power to appoint same
and other employees as may be deemed
necessary for the business and purposes
Of said CorpoI alton, and dismiss the same
at pleasure, and shall have full power to
make and establish rs well as change or
amend or alter oonformaby to this act of
incorporation, all bylaws, rules and regu-
lations deemed requisite for the support
and management of the affairs and bust
ness of said corporation, and it shall have
full power to borrow money, execute
mortgages, issue bonds, maks contracts,
make rules forSdeearntion Of dividends
and generally to do all things and act in
all matters pertinent to the objects and
purposes of his corporation, as also to s-
sue and deliver full paid shares of this
stock or the bonds or obligations Of this
corporation In payment for labor done or
money, or rights In property actually re-
ceived.
And any rule or bylaw is subject to re-
peal, modification or change by the hold.
ers of majority of the stock at any meet
lug OF the Company.
The notice of the annual meeting of the
stockholders may be given by publication
as above provided for, or, such notice
may be given by ten days notice in writ
ing to each stockholder of the time and
place of holding said annual election,
which may be served by Transmitting
such notice to him addressed through the {
mails to his last known place of residence
or business; provided, that when all of !
the stockholders are present in person or
by proxy they may waive in writing the
notice and delay for such meeting, except
in cases where otherwise provided by law
In voting for directors each stockholder
shall be entitled to casteither in person or
by proxy, one vote for each share of stock
owned by him which shall have been
standing in his name on the books Of the t
Company for at least ten days prior to the I
date of said election.
The board OF directors may establish |
transfer agencies in financial centers to
make transfer of stock of this corporation {
and under such reasonable rules and reg
ulations as the board may establish. {
Stock transfers on the books Of said trans
fer agents shall be deemed transferred on
the books of the Company.
ARTICLE vi.
The following persons shall constitute
the first board OF directors, to-wit; f. NJ. {
Welsh. Jules Dreyfus, II. N. pharr, Fritz !
Dietlien, A. b. Romero, X. $. Mcmahon !
Porteous X. Burke, J. X. Olivier. NJ. j. {
VOORHEES,. G.. d. Domengeaux. A. J. Dau :
terive +. q. Rogers, J. A. guidroz, @. L.
Rogers and the following shall be the of |
ficers of the corporation and shall serve
until their successors are elected: f. M.
Welsh President; J. X. Olivier, LIST Vice :
President; Fritz Dietlein, "a Vice Presi-
dent; Il. G. Rogers, 3D. Vice President, A.
B. Romero, Secretary and Jules Dreyfus,
Treasurer.
ARTICLE VII.
Except as to the increase or decrease of
the capital stock, which shall be done in /
the manner and form required by law,
this act of incorporation may be changed,
modified or altered or said corporation
may be dissolved by vote Of not less i.
than two-thirds OF the outstanding capital !.
stock at a meeting of stockholders called
specially for that purpose after ten days /
notice to each stockholder Of the time and q
place Of holding such meeting given In i
The manner prescribed by Article five of :
This act. or by publication of a notice of :
such meeting for thirty days in soure j,
newspaper printed and published in New
Iberia, La, such meeting to be convened q
of the Board or upon written request of r
hose holding not less than one-third ofthe i
capital stock. i,
ARTICLE VIII.
Upon the determination of this charter /
either by limitation or any other cause,
he business and affairs thereof shall be ?
iqudated under the superintendenee of
shree commissioners selected from among /
he stockholders ut general meeting Il
called for that purpose In the manner Il
above provided, who shall in addition to ?
he duties prescribed by law, perform 4
sueh further duties and give such securi- 9
y as may be required by the stockholders.
In case OF the death Of any commits j
sioner during the term Of his duties as
,uch the remaining commissioner shall
slect : successor from among the stock :
loiders.
Thus dcne and passed at my dee In d
he City Of New Iberia, Psrish Of Iberia, I
Lorisiana, on the day and dste frsf above i.
written. In the presence Of sMsssrs I'd. q
goe6 !. Leblanc and Robf. &. Pail com.i 4