The weekly Iberian. (New Iberia, La.) 1894-1946, 1907-05-04


cash, or on such installmen,S and al
II ter such notices as the board of direc
tors may fin, or may be issued in pay
inent Of labor or services rendered, o
property actually received by the sal,
corporation.
IN case o. the failure Of any sub
7criber to pay the installments de
manded on hts stock. as required, thu
board of diree ,ors shall have the OF
4 ton after thirty days written notice &
e the delinquent, Ct forfeiting his stocl
G with sil amounts previously paC
q thereon. and no stockhoIder shall have
I the right TO vote while in default FL
E unpaid lnstallmcnts due on his stock
This corporation may begin its bust
ness and operations as soon as five
thousand dollars OF the capital stock
shall De subscribed and paid for.
, All shares Of stock shall lie fully paid
and non. assessablc and transfers Of
stock shall not he binding upon said
company unless recorded upon its
books Of transfer.
No stockholder shall be held liabl,
or responsible for the contracts OF
faults OF said corporation in any fur
thcr sum than the unpaid balance due
OH shares OF stock owned by him: nor
shall any mere informally in organi
| zation haye the effect Of rendering
tins charter null or OF exposing a stock
holder to any liability hey ond the
amount Of his stock. The subscription
and stock.books shall be kept at the
domicile and in the Office Of the com.
pany where certificates of stock shall
be issued to the subscribers, and
-, la.
Ognized as valid and binding I'M
til the same i made upon the
stock books Of the company. Stock
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
| The corporate powers of said cor
poration shall be vested In and exer-
cised, and the business and affairs of
this corporation she'll he managed and
conducted by a board OF directors COM
posed Of fourteen (l4) stockholders.
Said directors shall be elected annu-
ally on the first Monday Of May or
such other day as the stockholders at
q regular or any special meeting may
fix, and all such elections shall be by
ballot.
or each election ten days prior no.
tice shall be given in a newspaper
published in the City Of New iberia
and the directors thus elected shall |
serve until their successors shall have |
beenselected. 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.
A failure to elect directors on the |
day required shall not dissolve the /
corporation but the then board Of direc-
tors shall continue to hold their Office
and another election shall be held with.
in thirty days thereafter. :sand 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 by election by the re-
naming directors. Nine (9) directors
shall constitute a quorum for the trans
action of business.
The board Of directors at the FRI
meeting In each year shall elect one Of
their own number 4 president and
first. second and third president,
and shall also elect secretary and
treasurer, but the same person may
hold the Office Of secretary and treas.
urer. and shall sppoint from time to
time such officers, clerks, agents and
confer power to appoint same and 9TH
er employees rs may be deemed neces.
sary for the business and purposes Of
said corporation, and dismiss the same
ut pleasure. and shall have full power
TO make and establish as we'll %
change or amend or alter conformably
TO this act Of Incorporation, all bylaws,
rules and regulations deemed requisite
for the support and management Of the
affairs and business Of said corpora
lion, and il shall have full power to
borrow money, execute mortgages. IT,
me bonds, make contracts, make rules
Fur declaration Of dividends and gen
orally to do all things and act in all
matters pertinent TO the objects and
purposes Of this corporation. a. also
% issue and deliver full paid shares Of +
# this corporation in payment for 10.
2ertv actually received.
'epeal, modification or change by tho
my meeting Of the company.
The notice of the annual meeting Of
he stockholders may be given by pub
as above provided for, or. such L
office NAV be given by ten days no.
Ice in writing to each stockholder of
he time and place Of holding said an. !.
ual election. which NAV he served by
such notice to him ad-
ressed through the mails to his last
nOwn place of residence or business:
rovidcd. that when all Of the stock. Is
olders are present ia person or BY
roxy they may waive ID writing the
office and delay for such meeting, ex.
.pt IN cases where otherwise piOvid- -
by law. 20,
In voting for directors each stock. >,
older shall be entitled to cast either -
person or by proxy, one vote for -
lch share Of stock owned BY him
htch shall have been standing in his
ame on the books of the company for =
least ten days prior to the date Of
id election. n.
The board Of directors may establish
nnsfer agencies IN financial centers
make transfer Of stock Of this cor u
ration and under such reasonable.
les and regulations - the board NAV 49,.
Eablish. stock transfers on the .,
oks Of said transfer agents shall be "
emed transferred on the books OF
. company. a.
ARTICLE vi. -.
The following persons shalt copsti-
e the first board or directors, to-wit: %-
u. Welsh, Jules Dreyfus, H. N
arr. Fritz Dietlein, A. b. Romero.
J. McMah0n. P0rteus r. Burke, J.k.