The weekly Iberian. (New Iberia, La.) 1894-1946, 1907-04-06

NSi SUCH HotlIGS as tic DOITi OI GtICC-
tors may fix, or may b. ISSUED in pay
mcnt of lab n or services rel der.d. or
property actually received by the sait!
corporation.
In case of the failure of any sub
scriber To pay the installments de-
manded on hts stock. rs required, the
boAud Of directors shall have the or-
tiOH after thirty days written notice to
, the delinquent, Of forfeiting his stock
, with all amounts previously paid
thereon. and no stakeholder shall have
the right 10 vote while in default fJr
unpaid installments due on his stock
This corporation may begin its bust
ness and operations AS soon as fin.
thousand dollars OF The capital stock
shall &c subscribed and paid for
All shares of stock shall he fully paid
and worcestershire and transfers ~
stock shalt not be binding upon said
company unless recorded upon its
books oil transfer
No stakeholder shall be held liable
or responsible for the contracts Or
faults OF sad corporation in any fur
Their sum than the unpaid balance due
on shares OF stock owned by him: noi
! shall any mere informally in organi
cation have the effect If rendering
this charter null or Of exposing a stock
holder to any liability beyond the
amount of his stock. The subscription
and stocked shall be kept at the |
domicile aud in the Office of the COM
pany where certificates Of stock shall |
be issued to the subscribers. and !
no transfer Of stock shall be rec
Ognized as valid and binding IN
Til the same ia made upon the
stock books Of the company. Stock
books shall be closed for the transfer
OF stock ten days before election.
All subscribers to stock and all who
acquire stock by purchase or otherwise
shall be deemed members of this act
Of incorporation.
ARTICLE V,
The corporate powers of said cor
pOratiOn shall be vested in and eXer
cised. and the business and affairs of ,
this corporation shall Re managed and
by board OF directors COM
posed OF fourteen I4) stockholders. 1
Said directors shall be elected annu !:
ally on the first Monday Of May or
such other day as the stockholders at
4 regular or any special meeting may {
tix, and ali such elections shall be by
ballot.
OF each election ten days prior no. !,
ice shall he given in a newspaper !.
published IN the City Of New Iberia /!
md the directors thus elected shall =
'erve until their successors shall have !.
A majority of the votes :.
.ast shall elect, and eacl, share of stock :
hall be entitled to one vote, either in y
person or by proxy. y.
A failure to elect directors On the :. I.
lay required shall not dissolve the a
but the then board Of direc.
ors shall continue to hold their office
nd another election shall be held with
II thirty days thereafter, ::and ten days
riOr notice shall be given in a news
aper published in New iberia. La
Any vacancy occurring in the board
directors from any cause whatever T
hall be filled by election by the r.
aiming directors. Nine (9) directors
lall constitute quorumfor the trans
ction Of business.
The board Of directors at the first &C
Getting in each year shall elect one of =,
leir own number u president and
rst. second and third vice-nresident, 81
al shall also eject secretary and lie
easurer, but the same person NAV N,
Old the Office Of secretary and treas Sr
rer. and shall appoint from time to
me such officers, clerks, agents ami
infer power to appoint same and 9th I'm
employees AS may be deemed neces as
ry tor the business and purposes of ~
i'd corporation, and dismiss the same
pleasure. and shall have full power
make and establish as we'll as tn
ange or amend or alter cOnformably If
this act Of Incorporation. All by laws, al
les and regulations deemed requisite .
the support and management Of the si'
airs and business Of said corpora bes
n, and it shall have full power to me
rrow money, execute mortgages. is mo
. bonds, make contracts, make rules
dec laration OF dividends and gen va.
lily TO do all things and act in all SUI
tiers pertinent to the objects and al,
rpOsss of this corporation, as also {
ssue and deliver FL paid shares Of
stock or the bonds Or obligations Va
his corporation in payment for la raj
done, or money, or rights ia pro- Ma
tv actually received. son
md any rule or bylaw is subject to
cal. modification or change by tie 'o"'
ders Of majority of the stock at tur
meeting of the company. Eas
he notice of the annual meeting Of +
stockholders may be given BY pub -.
tiOn as above provided for, or, such ~
ice may be given by ten days no 10 q
in writing to each stakeholder Of ern
time and place Of holding said an ton
! election. which NAV he served by ~
such notice to him adj ="
Ised through the mails to his last men
wn place Of residence or business; Il
vided. that when all Of tue stock for ,
lers are present in person or by .,
&c and delay for such meeting, ex- City
II cases where otherwise pfovid- resp
y law.
voting for directors each stock.
er shall be entitled to cast either :,
erson or BY proxy, one vote for 'tr.
share of stock owned by him
h shall have been standing in his
E on the books Of the compan, for r..
ast ten days prior to the date Of
election. the
e board Of directors may establish then
Ter agencies IN financial centers That
Ike transfer of stock Of this cor Sim,
ION and under such reasonable
and regulations as the board may va ue
Itsh. stock transfers on the er All
Of said transfer agents shall be pain.
ed transferred on the books OF Tho ~
,mpany. ~ =
ARTICLE vi. PERU
! following persons shall consti- anfee
he first board Of directors, 70 wit: A.t
Fritz Dietieio. A. b Romero il you
|cMahon: Porteus X Burke. J K. Drngt
Z. N. J. VOORHEES,, &. D. Domen-
A. J. Dan,erive. E. c. Rogers, -u
aidr0z and q. L. Rogers and the ~
in q aha n Re %l>~ ~Na>~ - IA