New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1907-04-20

and operations as soon as five thousand
dollars of the capital stock shall be sub
scribed and psi, for.
| 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 rs books of trans
| fer.
No stockholder shall be held liable or
responsible for the contracts or faults OF
said corporation in any further sum then
the unpaid balance due on shares of stock
owned by him nor shall any more infor-
malitv in orgamiz alton II We the effect of
rendering this charter null or of exposing
Il stockholder to any liability beyond the
amount of his stock. The subscription
and stock books shall be kept at the domi-
ellie 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. Stoekbook
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.
The corporate powers of said corpora
tion shall be vested in and exercised, and
the business and affairs of this Corpora
ton shall be managed and conducted by
n board of directors composed of fourteen
(l4) stockholders.
Said directors shall be elected annually
on the first Monday of May, or such other
l.,, L. 4 4
any special meeting may fix. and all such
elections shall be by ballot.
OF each election ten days prior notice
shall be given in 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.
failure to elect directors on the day |
required shall not dissolve the Corpora
tion bat the board Of directors shall con-
tinue to hold their office and another elec-
ton shall be held within thirty days there
after, and ten days prior 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-
ute quorum for the transaction of busi-
ness.
The board of directors at the first meet
ng in each year shall elect one of their
,wn number a president and first. sec.
md and third vice president, and shall
.lso elect secretary and treasurer, but
he same person may hold the office OF
and treasurer, and shall appoint
rom time to time such officers, clerks.
gents and confer power to appoint same
md other employees as may be deemed |
necessary for the business and purposes ,
i said Cprpor stion, and dismiss the same
I pleasure, and shall have full power to |
make and establish as well AS change or
mend or alter eonformably to this act of
all bylaws, rules aud regu- s
ations depned requisite for the support |
nd management of the affairs and busi- {
ess of said evaporation, aud it shall have |
ull power to borrow money, execute |
Mortgages, issue bonds, maks contracts, G
,ake rules for declaration Of dividends G
nd generally to do all things and act In Q
II matters pertinent to the objects and '
urposes of this corporation, as also to is- v
ne and deliver full paid shares of this
tock or the bonds or obligations of this c
orporation in payment for labor done, Or r
loney, or rights in property actually re- y
sived. O
And any rule or bylaw is subject to re- A
eal, modification or change by the hold a
rs of a majority of the stock at any meet
'g of the Company.
The notice Of the annual meeting of the
,ockholders may be given by publication :
; above provided for, or, such notice
ay be given by ten days notice In writ
e to each stockholder of the time and
ace Of holding said annual election,
hicl may be served by transmitting
Ich notice to him addressed through the
ails to his last known place of residence II
business; provided that when all of
e stockholders are present in person or
7 proxy they may waive in writing the r
,tice and delay for such meeting, except
cases where otherwise provided by law.
In voting for directors each stockholder
all be entitled to casteither in person or p;
proxy, one vote for each share of stock D
rEed by him which shall have been
anding in his name on the books OF the pa
'mpany for at least ten days prior to the A.
tie Of said election. ha
The board OF directors may establish pr
lnsfer agencies in financial centers to gu
IKE transfer of stock OF this corporation c.
d under such reasonable rules and reg
atoms as the board may establish. III
ock transfers on the books of said trans .
! agents shall be deemed transferred on A,
) books of the Company. fro
ARTICLE VI
The following persons shall constitute
! first board OF directors, to-wit: +. NJ. Oh
slsh. Jules Dreyfus, Il. N. Phsrr, Fritz
ptlien, A. b. Romero. X. 8. McMahon,
rteous II. Burke. J. II. Olivier, M. J. Ea
oshies, q. d. Domengeaux, A. j. Dau-
i've. Z. e.. Rogers, j. A. 0uidroz, a. l.. rca
gers and the following shall be the Of
ers of the corporation and shall serve up,
til their sucee ssors are elected.y f. M. A.
'lsh. President; J. X Olivier, lst Vice. Bs,
ssident; Fritz Dietlein, 2t Vice Presi- La
1t; E. q. Rogers, 3i Weep President, Al. l.and
Romero, Secretary and Jules Dreyfus, foe
,asuier. tr;e
ARTICLE VII. ~
Except rs to the increase or decrease OF and
capital stock. which shall be done in the
manner aud form required by law,
: act OF incorporation may be changed, Gle
dihed or altered or said corporation con
y be dissolved by vote OF not less the
q two-thirds OF the outstanding capital
* at meeting Of stockholders called Tud
cially for that purpose after ten days orl
ice to each stoekholder OF the time and Ar,
CO OF holding such meeting given la {
manner prescribed by Article five of a ,
act. or by publication of a notice Of
meeting for thirty days in some
Fspaper printed and published in New
ria, La. such meeting to be convened
the Secretary upon order Of a majority
ne Board or upon written request OF SUI
se holding not less than one-third ofthe
itsl stock.