New Iberia enterprise and independent observer., 1907-02-02

IN ~ lJIt III
The objects aud purposes for whiC
this corporation ia established aud the ns
ture Of the business to be carried on b
if are hereby declared TO be to bsi1a an
own a tbeHtio and building in New Iberia
Louisiana, in which the Elks Fraternit
may hold their meetings, and FROM whc
they purpose TO obtain a revenue 10 b
given exclusively solely to New Tber
Lodge No. 554, Benevolent and Protec
tive Order of Eks. also the exercise o
charitable and benevolent acts
ARTICLE ".
The capital stock of said corporation !
Fifty Thousand Dollars represented b.
one thousand shares of Fifty Dollars each
which shall be paid in full at the time o
subscription. Stock shall ho issued affe
full payment. aud said shares shall he sub
hscribod TO aud issued only to members o
n ! Lodge. No sal Beuov't and Protectiv,
Order oG EIks aud shall be transfer
. able except TO member Of said Lodge in
. good standing.
In the event Of atockhoIder coasing 70,
any cause TO be member Of said lodge
! his stock shall ipso facto become forfeited
! aud revert 10 the cerpo alton.
| This corporation shall commence active
operations after Five Thousand Dollars
Of the capital stock will have been sub
sorbod
ARTICLE V.
The business and alfaiIs Of said corpora
tiou shall be managed and conducted by
and its corporate powers shall be vested
in q Beard Of Directors composed of nine
stockholders. to-wt NJ F. Smith, Pres
ton King Edwin s. Broussard, julius
Scharif. A. J. Suberbiellp. Jules Dreyfns.
A. N Muller. Leopold King and Porteus
Il Burke. with the said julius Scharff as
president and Preston King "a vice presi-
dent. and the Board shall elect one of
their members secretary and another
treasurer. and they shall hold their Offices
until tho first Monday in April 1908. or
until their successors shall have been
elected and qualified
On the first Monday Of April. 1908 and
annually thereafter an election of diree-
tors shall be held at the office of the Com
psny, Of which election ten DAYS notice
shall be given by one publication. pub
lished in newspaper in New iberia. La
Said election shall be by ballot mud
conducted under the superintendence
of three commissioners to be appointed
hv the board of directors. and Mt all elec-
tons aud meetings each share of stock
shall be entitled TO one vote, either in
person or by proxy, majority of votes
cast shall elect aud the directors elected
shall immediately take their seats and
hold their offices until the next annual
election or until their successors shall
have been elected and qualified A fail |
uro TO elect directors on the day required
shall not dissolve the corporation but the
existing board shall continue in office un
til the next annual meeting. when in ad- |
dilion TO the publication herein before re-
CURED n notice in writing shall he given
by the secretary directed to each stock |
holder and sent to him by mail. notifying |
him Of the day aud date Of the election |
Ia the event of no election being held at |
his time the board of directors shall con
inue TO act for the period herein above
provided for and the same fOrmalitias
3hall be observed with reference to each
subsequent annual election. ANY va
'ancy occurring in said board from any
'ause whatsoever shall be filed by the re
naming directors, five directors shall con
titute u quorum for the transaction of
business, and each board of directors
han elect frOm their number president
ice president secretary aud n treasurer.
Who shall hold Office during the term of
flee of the hoard eIectng him, and the
aid board shall from time to time appoint
uch other officers. clerks or other agents
q may be deemed necessary fol the husi-
ess aud purposes of said corporation and
ismiss the same at pleasure, aud shall
HTe futt power authority to make and
stabish rs well as TO change, amend and
tier all the bylaws and resolutions for
le management of the business and nf-
lirs of said corporation. Any director
lay appoint a stoekholder TO act as his
roxy and represent him as such director
lring his temporary absence, with all the
'ivileges aud powers Of such absent di
ctor for the time being. All directors
lall be Elks in good standing and mem
as of New Iberia Lodge No. $50, Bene-
,Ient and Protective Order of Elks.
ARTICLE VI.
This charter may be modified, changed
I'd amended, or this corporation be dis
lved with the assent OF three -fourths of
e capital stock presented or represented
general meeting of the stockholders -
nvened for such purpose after thirty
ys notice thereof shall have been given !.
a newspaper published in New Iberia,
l., aud special notice duly mailed TO u
ch stockholder at least forty days be- b
q 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
ssloners appointed by the stockhoTder
a general meeting specially called for
d purpose of selecting liquidators by
ice published fifteen days prior thereto
q newspaper published at New Iberia,
nisiana.
ARTICLE VII.
The board of directors is authorized If
'eem it proper to issue mortgage bonds q
able in any number of years that it
yht deem advisable in such amount ss
may see fit not to exceed the capital
'k, and the board of directors has the 81
houty to buy the said bonds or any
thereof before their maturity when
I IT deem it advisable and the oppor-
ltv presents itself and il shall have the
1t to adopt premium bond plan or
other for their payment and lquida- "a
hus done and passed at my Office in