The weekly Iberian. (New Iberia, La.) 1894-1946, 1907-04-20

sfHrit, " ~, atraL RNNN I've pRtu IOt "
rnrh ~ on auch indictments and ut
,c, aucl notices "a tho board ~ ditec
toIa may hv. ~ may he isaucd IN pay
.nent ~ labor ~ services rendered. ~
W. rottv actually received Nv the said
yni I,niBtifn
Il, caae or the failure ~ any sub
lcrihr, IA rav tire install'nenta dc
marith On hts stock, ns required, the
heu,d vi directors shall have the on
tirn after ,,,,ty days written notice ~
tha "A, iinunrr', e fnts.itiug hia atock
with nii nmouo,e p,eyi.uslv paid
,Le,.on. and no a csrk oldev et,all have
Tie ,ipht 10 eotc while ~ default O.,
unpaid ,nstailmens. iuo On h,a stock
fh,a corporation ma, begin its b"t
nes4 nna operations ~ aeon IA 1--WE
thnusnnd dollars ~ ,hc capital stock
shal ,e subscribed and PAID fot
All sharce of stock shall I've fully paid
,na non asaeaaable mud transfers VI
q,ocl shall no, lie binding upon said
q, ,nrany unless recorded upon us
books ol transfer.
No s,oekholder shall he held iiahln
~ ,.sro, s,le for the contracts o.
faul,a Of sad corporation IN any TN
The, avn than The unpaid balance due
on shares ~ atoct owned ~ hm. NOT
shall any mere ,niormalty III orEnei.
cation have the effect Of rendering
,lrs .har,e, null ~ ~ exposing a stock
holder 20 any liability beyond the
amount, " his stock The subscription
and stock -books shall be kept NJ the
dum,c;le and in the office of the com
pany where certificates Of stock aha'l
he issued to the subscribers, and
~ transfer " stock shall be rec
ovniyed "a valid aud binding M
til the same " made upOn the
stock books of the company. Stock
books shall he closed for the transfer
cf stock ten days before election.
All subscribers to stock aud MI who
acquire stock Nv purchase or otherwise
shall he deemed members Of this act
Of Incorporation.
ARTICLE v
The corporate powers Or eaid cor
pora,ion shalt lie vested III and eaer
c,sed. and the business and affairs IT
this corporation shrii te managed and
conducted Nv a board vi directors com-
posed Of fourteen (l41 Stockholders.
Said directors shall be elected annu-
ally ON the first Monday VI May or
such other dsy aa the Stockholders nj
n regular OF ANY special meeting may
fix. aud all sucl, electione shall lie by
ballot
OF each election ten days prior no.
tice shall lie given IN newspaper
published ~ the City of New IBERIA
nnd the directors thus elected shall
serve until their successors shall have
been;elected. A majority or the votes
east 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
corporation hut the then board Ot direc-
tors shall continue 10 hold their Office
aud another election shall be held with
in thirty days tbereafter.sa and ten days
prior notice shall be given In q news
paper published IN New Iberia. La.
Any vacancy occurring IN the board
Of directors from any cause whatever
shall be filled w election BY the re-
naming directors. Nine (p) directors
shall constitute a quorum for the trans
action Of business.
The board Of directors nj the FIRST
meeting In each year shall elect one Of
their own number n president and
first, second and third vice president,
and shall also elect secretary and
treasurer, hut the same nereon NAV
hold the office Of secretary aud treas.
urer. aud shall appoint from time to
time such officers. clerks. agents and
confer power 10 appoint same and 9TH
er employees NJ may he deemed neces.
sary for the business and purposes Of
said corporation, and dismiee the same
At pleasure. and shall have full power
10 make and establish NJ well -
change or amend or alter con Informally
to this act Of incorporation, all bylaws,
rules aud regulations deemed requisite
for the support and management of the
affairs and business Of said corpora
ton, and II shall have full power 10
borrow money, execute mortgages, 10. |
eue bonds, make contracts, make rules |
for dec laraticu Of dividends and gen-
e,al,y TO do all things and act In all |
matters pertinent to the objects and |
purposes Of this corporation, A. also |
to issue and deliver full paid shares Of |
this stock or the bonds or obligations |
Of this corporation In payment for In.
Dor done, or money, or rights In pro-
perry actually received.
And any rule or bylaw il subject to |
repeal, modification or change by the |
holders Of a majority of the stock % |
any meeting Of the company.
The notice Of the annual meeting Of !
the stockholders may be given BY pub
location a. above provided for, or, such
notice may be given by ten days no.
tice In writing to each stock holder Of
the time aud place Of holding said an-
nual election, which NAV he served by
such notice to him adj
dressed through the mails to his last
known place Of residence or business;
provided, that when all Of the stock.
holders are present in person or by
proxy they may wsive in writing the
notice and delay for such meeting, ex.
cept IN cases where otherwise piOvid-
II by Law.
h III voting for directors each stock.
holder shall be entitled to cast either
~ person or by proxy. one vote for
each share 81 stock owned by him
hich shall have been standing In his
name on the books Of the compan, for
at least ten days prior to the date Of
said election.
The board Of directors may establish
transfer agencies in financial ccnters
% make transfer IF stock Of this cor
poratiOn and under such reasonable
rules and regulations a. the board may
establish. stock transfers on the
,coks Of aid transfer agents shalt be
iccmed transferred on the books 81
he company. /.
ARTICLE vi. L,
The following persons shalt copsti-
ute the first board Of directors, to- wit:
WO1ah 1ssln. nenc fss. n n |