New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1907-09-28

tiHcate Of stock The Board Of Director
Of said corporation may whenever AM
anbscriber TO stock shall become delin
anpnt more than ninety days IN the paw
ment Of any instalment due on Rnhstrip
ton to stock IN this corporation declare
said subscription forfeited, and oil amounts
paid therein shall pso facto become the
property of said corporation
ARTICLE &.
All the corporate powersof this corpora
ton ehnll ho vested in. and it, officers
shall be under the management aud con
troll of Board of siy 90 directors. four
of whom shall constitute quorum for the
transaction Of business. aud their acts
| shall be valid. corporate acts.
The first Honrd Of Directors shall be
composed Of the following named persons
who shall be directors for tho term here
matter stipulated, to-wit.
H. V Bailey aud Henry W. Oitte, shall
he members of said Board Of Directors for
six fG) Years from the third Monday Of
Dpepmher, 1907 +. George Blumeuthnl
aud II w. Iollcmnu. who shall be NOM
bera Of said Board of Directors for four
a. years from the third Monday of De.
cember, 1907, &. f.. Reynolds and w. !
Bernard who shall be members thereof
for two years fron the third Monday Of
December. 1907, On the third Monday Of
December, 1909, the stockholders Of said
corporation entitled TO vote. shall elect
two persons ms directors, who shall servo
for a term of six years. And each second
year, on the third Monday of December,
the said stockholders OF said corporation
nj n called meeting and by majority
vote, shall elect directors to serve for u
term of six years in place of those whose
terms of office are then expiring.
The directors shall be elected AT a gen
eral meeting of stockholders held for That
purpose, a. the Office OF said corporation. /
on the said third Monday of December of |
each year by the majority vote Of stock
holders. Each share of stock held by the
said Cypress Camp or by member of said
Camp then in good standing therein
shall be entitled TO one vote; and all such
elections be by ballot. aud stock may be
represented aud voted by proxy Mt all meet
ings OF stockholders. But stock not owned
by said Cypress Camp, or member there
OF shall not be entitled to vote on any
question at any meeting of said etockhold-
eFs
In case of vacancy in the Board of hi
rectors by death, resignation, or otherwise
said vacancy shall be filled by election by
the remaining members of the Board
The officers of said corporation shall
consist of a President. Vice President
Secretary. and Treasurer; all of whom
shall be elected by the Board of Directors
from their own number at meeting Of
said Board TO he held on the second Mon
lay of January of each year. All of said
,tllcers shall be elected TO serve for one
year, and shall continue in Office until
heir successors shall have been elected
md qualified. Within one week after
heir election. the Secretary and the
Treasurer shall each give bond in such
um as shall be required Of them respect
vely by the Board of Directors In ease
Il vacancy in any OF said officers by death.
esignatlon, or otherwise, such vacancy
hall also be filed by said Board Of hi
ectors
No person shall be eligible rs dreo-
or of said corporation unless he ia
tockholder therein and member in good
landing of said Cypress Camp No. 81
my director who oeases to be a stockhol-
er by sale or transfer Of the stock or
therwise is no longer in good standing in
aid Camp. shall be deemed ipso facto to W
ave vacated his dictatorship The first
Ulcers of this corporation who shall hold
liice until the second Monday in Janu-
fy, 1909 aud thereafter, until their cue eh
sssors are elected and qualified shall be OF
! follows: of
President, Cyril +. Reynolds: Vice Pres n,
lent Henry V. Baly; Secretary F. g.
lumenthsl; and Treasurer, William J.
ernard
Any falnrr flo olect off GERS or directors th,
I the dat or within thp time specified ~ y
I the election thereof shall not invali- a.,
'te this chatter, but the election Of said fro
= etors or officers shall be held as soon Off
GREATER az practicable, Mt meeting NJ NJ
He'd for that purpose. after five days |
tlee to those entitled to participate in sea
i'll election Nv