New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1907-04-27

! All shares Of stock shall be fully paid
and non -assessible and transfers of stock
shall not be binding upon said Company
| unless recorded upon its books OF trans
/ fer.
No stockho!der shall be held liable or
| responsible for the contracts or faults of
said corporation in any further sum then
! the unpaid balance due or shares of stock
! owned by him; nor shall any more infor-
maiity in 4aniz4tion b W the effect of
rendering this charter mil or of exposing
| a stockhOlder to any liability beyond the
! amount of his stock. The subscription
and stock hooks shall be kept at the dorni-
cie and in the Office of the Company
where certificates of stock shall be issued
to the subscribers, and no transfer of
stocE shall be recognized as 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 aud all who ac-
quire stock by purchase or otherwise
shall be deemed members of this act of
incorporation.
ARTICLE Y.
The corporate powers of said corpora
tiOn shall be vested in and exercised, and
the business and affairs Of this Corpora
tion shall be managed and conducted by
a board Of directors composed of fourteen
90 stockholders.
Said directors shall be elected annually
on the first Monday of May, or such Other
day as the stockholders at a regular or
any special meeting may fix. aud all such
elections shall be by ballot.
OF each election ten days prior notice
shall be given in a newspaper published
in the City of New Iberia, and the direc.
tors thus elected shall serve until their
successors shall have been elected. A
majority of the votes cast shall elect, and
each share OF stock shall be entitled to
one vote, either in person or by proxy.
A failure TO elect directors on the day
required shall not dissolve the Corpora
ton bat the board of directors. shall con
tinue to hold their Office and another cleo
ton shall be held within thirty days there
after, and ten days prior notice shall be
given in a newspaper published in New
iberia, La.
Any vacancy oeegring in the board of
directors from any cause whatever shall
be filed by election by the remaining di- |
iNStoiS' ETihC lpJ hiItClOto SIhll tpllsJl-
tute a quorum for the transaction of busi-
ness.
The board Of directors at the first meet |
ing in each year shall elect one of their |
own number a president and first, sec
ond and third vcepresident, and shall |
also elect d secretary and treasurer, but |
she same person may hold the office of
secretary and treasurer, and shall appoint |
from time to time such officers, CLERKS |
agents and confer power to appoint same
and other employees as may be deemed |
necessary for the business and purposes
Of said Corporation, and dismiss the same |
at pleasure, and shall have full power to /
make and establish as well as change or |
amend or alter conformably to this act OF |
all bylaws, rules and regu-
lations deemed requisite for the support |
and management Of the affairs and busi-
ness of said corporation, and it shall have |
full power to borrow money, execute
issue bonds, maks contracts,
make rules for declaration OF dividends
aud generally to do all things and act in
all matters pertinent to the objects and
of this corporation, as also to is
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-
eeived.
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
ng of the Company.
The notice of the annual meeting of the
may be given by publication
rs above provided for, or, such notice
nay be given by ten days notice in writ
ng to each stockholder of the time and
,lace of holding said annual election
which may be served by transmitting
gch notice to him addressed through the
nails to his last known place of residence
,r business; provided, that when all of
he stockholders are present in person or
~ proxy they may waive in writing the
notice and delay for such meeting, except
n cases where otherwise provided by law
In voting for directors each stockholder
ball be entitled to casteither in person or
- proxy, one vote for each share of stock
'wIed by him which shall have been
tanding in his name on the books of the
company for at least ten days prior to the
late of said election.
The board of directors may establish
ransfer agencies in financial centers to
make transfer of stock of this corporation
md under such reasonable rules and reg
lations as the board may establish.
'tock transfers on the books of said trans
er agents shall be deemed transferred on
he books of the Company.
ARTICLE VI.
The following persons shall constitute
he first board of directors, to-witl f. I
Welsh, Jules Dreyfus, H. NJ Pharr, Fritz
,ietlien, A. B. Romero, Il. s. Mcmahon,
'orteons II. Burke, j. II. Olivier, M. j. I
'oorhies, G. ID. Domengeanx A. j. Dau-
erive, Z. G. Rogers, j. A. Gaidroz, G. l..
iogers and the following shall be the Of
GERS of the corporation and shall serve
ntil their succe ssofs are elected: f. NJ
Welsh, President; j. r. Olivier, lst Vice
resident; Fritz Dietlein, "a Wee Presi-
ent; E. G. Rogers, Sd Vice President, A.
!. Romero, Secretary and Jules Dreyfus,
treasurer.
ARTICLE VII.
Except as to the increase or decrease of
ne capital stock, which shall be done in
he manner and form required by law,
his act of incorporation may be changed,
iodifed or altered or said corporation
ih- pS tfoSolfcN bf ftNS vi uul ltfS a
nan two-thirds of the outstanding capital /.
tock at meeting of stockholders called !
pecially for that purpose after ten days I
otice to each stockholder of the time and !
lace of holding such meeting given in !
ie manner prescribed by Article five of 5
lis act, or by publication of notice of :
ieh meeting for thirty days in some !
ewspaper printed and published in New
oeria, La, such meeting to be convened /,
y the Secretary upon order of majority
the Board or upon written request of 7
'ose holding not less than one-third ofthe !,
ipital stock.
ARTICLE VIII.
Upon the determination of this charter |
ther by limitation or any other cause,
le business and affairs thereof shall be I
quidated under the superintendent OF
Tree commissioners selected from among |
le stockholders at general meeting Il