New Iberia enterprise and independent observer., 1910-12-10
ARTICLE !

| All tu0 coFpOFMe POWeFs Oh the hal
corporation shall be vested i'm and eIe'
cissd by Board Of Directors to be con-
posed Of three persons to be elected ann
ually on the second Tuesday Of January @
| each year, except tbs first Board OF DI
| rsctors named in this Charter, who shal
| hold their Offices until the 18th day Of Jan
sary, 1912, or until their Successors ar
elected aud qualified.
All sucb elections for Directors shall b,
by ballot and conducted at the office o
the corporation under the supervision o
two Commissioners to be appointed bJ
the Board of Directors. Notice of suct
election shall be given not less than ter
days prior to such election by written OF
holder at his usual plsce Of residence.
Every stockhOlder shall be entitled to
one vote for each share Of stock standing
in bis name on the books OF the Company
to be east either in person or by proxy,
aud the majority Of the votes cast shall
elect.
Any vacancy occurring among the Di-
rectors by death, resignation or OF her wise.
may be filed by election for the remain
der Of the term OF the Board by the re-
naming Directors.
The failnre to elect Directors on the
date above specified shall not desolve the
corporation, but the Directors then in Of
fice shall remain in OH - until their sue
cessors are elected and qualified, and
shall cause another sleetion 10 be held as
soon ~ practicable thereafter after notice
shall be given ~ above provided.
Each Director shall be entitled to vote
At meetings Of the Board either in person
or by proxy, and a majority Of the Board
OF Directors present either in person or
BY proxy shall constitute u quorum for the
Of business
The first Board Of Directors named in
this Charter and such Boards a. may be
thereafter elected in accordance herewith,
thall be elected from their own number q
President. and they shall also el.ct the
secretary who may or may not be mem
ber of the Board. The Board Of Direc-
tors shall have power to elect the same
person to Fill two or more Of the offices
above provided.
The said Board may make and estab-
lieh, rs we'll as alter and amend, any xnd
all by y-laws, rules and regulations nsses-
sary and proper fr the CONDUCT and
of the business and affairs
Of the said corporation, and the said
Board sh Ill have full power and authority
to borrow money, execute mortgages ard
create liens, issue notes, bonds or other
obligations, and generally to do all things
or necessary for the proper
carrying on Of the business Of the said
and also, ~ above provided,
10 issue and deliver the fully paid shares
Df stock for cash, or in payment Of labor
lone or services rendered or property act
lslly received, upon such terms aud con-
ditions a. it may see ft. ~
ARTICLE s.
Al the expiration Of this Charter, or in
he event Of the prior dissolution Of the
1t shall be liquidsted by two
to be elected by the Board
II Directors, which said commissioners
reed not necessarily be stockholders,
md the said commissioners shall
,sve full power to sell oil the assets
4 the property, both real and personsl Of
he corporation, and to convey full And
title thereto and to do all acts
essential or proper to full and complete
liquidation of its affairs and distribution |
1 the proceeds, IL any, among the stock
olders.
ARTICLE7.
No transfers Of stock shall be admitted |
r held to be valid and binding no far as
hs Company 10 concerned unless made on
he books Of the Company, aud no sale or
ransfer shall bs valid In any event un.
sss and until sixty days notice shs1l be
iven to the President Of the Company,
hose duty 1t shall be to notify all stock
olders, who within the said period OF
xty days shall have the privilege, in
ropof ion to their respective holdings of
ock, TO buy the stock proposed to be
I'D at the price bona fde bid for tho
lme, or At the current market price. pro-
ded that the above Limitation npon the
ght Of alienation shall not apply to q
lie o. transfer from one stockholdsr to
,cths1 stockholder, and provided further
at the said limitation shall not apply to
transfer by will or by inheritance sx-
'pt to one not member OF the family Of
'ssassd stockholdsr.
ARTICLE 8.
This act Of incorporation may be modified
apged or altered, or the said corporation may
dissolved with tho assent Of three. .foerths Of
IepKekeUbe1 . /
Of the stockholders convened for such pur.
pe. after = written notice to each stakeholder,
lilsd TO him st his usual place Of residenc. At
st hfteen days prior to the date Of the stock
eting
10 stockholder shall ever be held liable for the
tracts or faults Of the said corporation In any
sr ssm than the unpaid balance due the cor.
-ation on the shares Of stock owned by him
shall any mere infornaIity In organization
70 the effect Of rendering this charter null. or
Exposing any stockhotder TO any liability be-
I'd the unpaid amount due on his stock
ARTICLE 10.
'udley Avery. Mistress Sarah Avery Leeds .
low OF lawful age, and Mistress Margaret Avery
pston, widow Of lawful age, shall cons titute
hrat board Of Directors Of the said corpora
to serve until their successors shall have
n elected and qualified ~ above provided.
tsen opposite their names the amouut Of stock
his corporation subscribed for by each Of then
has this act Of Incorporation may also serve
he original subscription list OF the corporation.
hus done and passed In my once 10 the Parish
besia In the presence Of John L. Avery and
Ieushsw, competent witnesses Of lawful age,
b residents Of this Parish, Who hereunto sign
r names with the said Anpearers and me, No
!; on the De- end date aforesaid.
AWAY JOHNSTON .ssS sS saAsfs shAs
-. Joss L. Ay1Er. ~
nsssss' 10. 0, HsrsaAw.
Il j oHAs. l.. PROVOST,
,ss. 4 true and ecrrses copy of The oris,nal.
CHAS. l. PROVOST. Notary Pablic-
ststs Of Loai.issa, Psviss Of IBERIA.
ths undsrsigned authority dn hereby certify
u aSovs ard SbfesoFns eAaster Il d. Avs,y
i 81 HiseslIasecus No. 3. pAes IS. on
~ ~ dss = kevsmAesA. p. l9lO S.