New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1907-11-02

ton to stock in this corporation declare
said subscription forfeited and all amounts
paid therein shall ipso faeto become the
property of said corporation.
ARTICLE g. ~
All the corporate powers of this corpora
ton shall be vested in, andsits ofiserA
shall be under the management and con
| troll of Board OF six (6) directors. four
of whom shall constitute a quorum for the
transaction of business, and their acts
shall be valid, corporate acts.
The first Board of Directors shall be
oomposed of the following named persons,
who shall be directors for the term here
! matter stipulated, to-witi
II. V. Bailey and Henry w. Ortte, shall
be members Of said Board of Directors for
six 90 years from the third Monday of
December. 1917 +. George Blumenthal
and II. w. Holemsn, who shall be mem
bsrs of said Board of Directors for four
l(4) wears from the third Monday of De-
eember 1907: C. +. Reynolds and w. j.
Bernard. who shall be members thereof
for two years from 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 as directors, who shall serve
for term OF six years. And each second
year, on~tie third Monday of December,
the. eafd stockholders of said corporation
at called meeting and by majority
vote. shall elect directors to serve for
term of six years in place of those whose
terms of office are then expiring.
The directors shall be elected at gen
eral meeting of stockholders held for that
purpose, at the office of said corporation,
| If nhnp 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, and stock may be
represented and voted by proxy at all meet
ings of stockholders. But stock not owned
by said Cypress Camp, or a member there
of shall not be entitled to vote on any
question at any meeting Of said stoekhold
ers.
In case of vacancy in the Board of Di-
| rectors by death, resignation, or otherwise
sal d vacancy shall be filled by election by
the remaining members of the Board.
The officers of said corporation shall
consist of President, President, a
Secretary, and Treasurer; all of whom
shall be elected by the Board of Directors
from their own number at meeting of
said Board to be held on the second Mon
day of January of each year. All of said
officers shall be elected to serve for one
year, and shall continue in office until
their successors shall have been elected
and qualified. Within one week after
their election. the Secretary and the
Treasurer shall each give bond in such
sum as shall be required of them respect
lively by the Board of Directors. In ease
of vacancy in any of said officers by death,
resignation, or otherwise, such vacancy
shall also be filed by said Board of Di-
rectors.
No person shall be eligible as a drec-
tor OF said corporation unless he il
stakeholder therein and a member In good
standing of said Cypress Camp No. "a.
Any director who ceases to be q stockhol-
der by sale or transfer of the stock or
otherwise is no longer in good standing in
said Camp, shall be deemed ipso facto to
have vacated his dictatorship. The first
officers of this corporation who shall hold
office until the second Monday in Janu-
airy, 1909 and thereafter, until their sue
csssors are elected and qualified. shall be
as follows.
President, Cyril E. Reynolds; Vice Pres
ident, Henry V. Baily; Secretary f. g.
and Treasurer, William j..
Bernard. ~
Any failure to elect officers or directors
On the date or within the time specified
Tor the election thereof, shall not invali-
late this charter, but the election of said
directors or officers shall be held as soon
hereafter as practicable, at a meeting
Jailed for that purpose, after five days
notice to all those entitled to participate in
laid election.
ARTICLE 7.
This charter may be changed. modified.
IT amended or its capital stock increased,
n this corporation may be dissolved with
be assent of three-fourths (3-4) of the
folders of all the stock of the corporation
1t general meeting of the stockholders
eld for that purpose after ten days writ
en- notice to each stakeholder mailed to
i'm at his post Office addressed at least
en- days before each meeting, and pub
lcation OF such notice for same period OF
ime, just prior to such meeting in one of
he daily newspapers Of the City
ARTICLE s.
Whenever this corporation shall he dis
Owed by limitation or from any other
ause, its affairs shall be adjusted and Ii
Undated and settled by three ca liquida-
ng commissioners, who shall be elected
y a majority OF the stockholders ut. q
eneral meeting OF the stockholders held :
p That purpose after ten days notice of
zen meeting given in the manner provi-
cd In the preceding article, and said Ii.
uidating commissioners shall remain In
hce until the affairs of said corporation
lall have been fully liquidated and set
ed.
In case of the death, resignation. or
allure to act of one or more OF said ann
ssioners, the survivors or survivor shall
'ntinue to act.
ARTICLE o.
NO stakeholder of this corporation shall
'er be held liable or responsible for the
'ntracts or faults thereof in any further
I'M IMAM the unpaid balance due to the
ompany on the shares of the stock owned
subscribed for by him: nor shall anv
ere informality in the organization have
Q effect OF rendering this charter mil
OF exposing stakeholder to any liaUil.
beyond the unpaid balance, If any. of
g stock.
mus done and passed at nv Office in
Q City OF New Iberia, Parish OF Iberiay
ate OF Louisiana, in the presence of the
loersigned witnesses on this 23d day Of
ptember, 1907, in the presence of Lar
hling and William Bauman, good and
mpetent witnesses residing in New Ibe-
/, La.
ofrkEss W 9. W No. "a, $50 Shares.
=. y; REYNOLDS, 10 Shares
M wINE 81 BAiLY Shares, Per H. Ortte.
HENRY ". URTTE, 10 shares
= o q a IAsEs Shares Fer H. Ortte. g.
E. =. BLuMENTHAI, q Shares
y y: PLAIsANCE, Shares
John H0LBROCk, Jr. . Shares
KoMN0LD MIGUEZ, 10 shares
". ID. REYNOLDS, q Shares
"a; SIEBECK. 2 Shares
HICKS FREMIN, Q Shares
ALFRED A. MIGUEL. q Shares
H ~ ROMERO, Share.
FRANK BLANC. 2 Shares
LOUIS PFISTER. Share