The weekly Iberian. (New Iberia, La.) 1894-1946, 1909-10-23
ARTICLE V.

The corporate powers of said
corporation shall be vested in and
exercised and the business and af-
fairs of this corporation shall he
managed and conducted by Board
of Directors composed of sever
members.
Said directors shall be elected
annually on the first Monday Of
May, or such other day as the
stockholders at regular or an,
special meeting may fix, and al
such elections shall be by ballot.
OF each election ten days prior
notice shall be given in z news
paper published in the City of New
Iberia and the directors thus elect
ed shall serve until their success
sOrs shall have been elected. A
majority of the votes cast shall e.
lect, and each share Of stock shall
be entitled to one vote either in
person or by proxy.
A failure to elect directors or
the day required shall not dissolve
the Corporation but the Board oil
Directors shall continue to hold
their office and another election
shall be held within thirty days
thereafter, and ten days prior no.
tice 81 all be given in a newspaper
published in New Iberia, La.
Any vacancy occurring in the
Board OF Directors from any cause
whatever shall be filled by cleo
ton by the remaining Directors
Five Directors shall constitute a
quorum for the transaction of bust
ness.
The Board of Directors at the
first meeting in each year shall e.
lect from their own number a
president and first, and second
vice president, and also shall elect
Secretary and Treasurer, but the
same person may hold the office
of secretary and treasurer; and
shall appoint from time to time
such officers clerks, agents and
confer power to appoint same and
other employees as may be deem
ed necessary for the business ard
purposes of said Corporation and
dismiss the same a pleasure, and
shall lave full power to make and
este blish as well as change or a.
mend or alter conformably to this
act Of in 1rporation, all bylaws,
r'1les and regulations deemed re-
quis,te for the control and man.
agement of the affairs and business
of said corporation, and it shall
have full power to borrow money.
execute mortgages, issue bonds,
make contracts, make rules for the
declaration of dividends and gen.
orally to do all things and act in
all matters pertinent to the OBJ
jects and purposes of this corpor-
alton, as also to issue and deliver
full paid shares of this stock or the
bonds or obligations of this Cor
poration in payment for labor done,
or money, or rights in property
actually received.
And any rule or bylaw is sub
ject to repeal, modification or
change by the holders of a major
ity of the stock at any meeting of
the company.
The notice of the annual meet
ing Of the stockholders may be
given by publication as above pro-
vided for or such notice may be
given by ten days notice in writ
ing to each stakeholder of the time
and place OF holding said annual
election which may be served by
transmitting such notice to him
addressed through the mails to his
last known place of residence or
provided that when all
Of the stockholders are present in
person or by proxy they may
waive in writing the notice and de-
lay for such meeting, except in
cases where otherwise provided by
aw.
In voting for directors each
shall be entitled to|
East either in person or by proxy,
1ne vote for each share of stock
owned by him which shall have
been standing in his name on the
BOOKS Of the Company for at least
EN- days prior to the date or said