The weekly Iberian. (New Iberia, La.) 1894-1946, 1910-04-09

! point two stockholders as Com
| missloners TO preside at such cleo
ton. The voting shall be by bal
lot, and each stock holder shall be
| entitled to east one vote for each
share held by him. which has been
standing III his name on the books
OF said corporation for at least ten
days prior 10 the date of the elee-
ton, and MI stockholders may vote
! by proxy \ majority OF the stock
voting nj such meeting shall elect
immediately after the election of
said Board of Directors aud the
adjournment OF the stoc1holdcr g
meeting, the newly elected Board
/ o. Directors shall elect from a O.
mong their number. a President,
4 Nicc-fresident and a Secretary nd
Il treasurer, the offices OF Score
tafN and Treasurer to BE ,illea w
TIC same person.
The failure Ia cleCt dirGcto, u or
officers a. herein provided ior
shaii not result IN the dissolution
VI ~ this corporation, but the then
Board OF Directors shall hold their
A respective offices until their sue
| cessofs are daly elected and dual
lied
4 each director shall have author
itN to appoint in writing a PROXY
i - represent him at any and all
4 Board meetings.
M tllst Board of Directors and
ihe officers herein named and pro
i Nidei for, shall hold their respcr-
/ i've offices until the second " ed
/ neSdaN IN january 1911. or until
1 theiF successors are elected, and
! thereafter, all officers and dircc-
1 tors shalt hold their respective of
i ilces tor a period OF one wear from
! the date OF their election. or until
/ their successors shall have been
I duly elected.
My vacancy occurring i'm any
| board OF Directors shall be filled
ny tue remaining members of said
BOARD Tor the unc& PRED term al a
meeting called Tor that purpose af-
Ter ten days prior written notice
the directors SO elected to hold of
ice Hllu the next annual stock
holder meeting, but should il be
impossible Tor any cause, for any
vacancy or vacancies III the BOARD
OF Directors to he filled hy the
DIRECTORS, such vacancy or Nacau-
cies may be filled by the stock
holders nj any meeting called for
that purpose Ivy the President.
Nice-Presidcut or Secretary Treas
urer, or In the absence or djsabjl-
ity OF all OF said officers. hy any
stoekhoider upon giving ten DAYS
notice To each and every stock
holder OF record, which notice NAV
be sent through the mail. and adj
dressed To the last known address
of the stakeholder.
Wherever 1t IS provided in this
act that either Directors or stock
holders meetings may be held at
Ter certain prescribed notices to
the stockholders or directors. il
IS understood and agreed that any
and all directors and stockhold-
ers meetings may be held without
notice whenever lawful. provided
all, stockholders or directors as
the case may be, waive notice in
writing or are present at such
meeting or meetings.
The Board of Directors shall have
full contro! of the property of
this Company, and shall so conduct
manage and use the same as in
their discretion they deem best,
and that is consistent with the oh
lects OF the Company and the well
fare Of tie same. The Board of
Directors shall have power to
make, alter and annul such hv-Iaws.
rules and regulations for the gov
eminent OF this corporation as thes
may THINK proper. The officers %
this corporation shall be a Pres |
ident, Nice-President and a Score |
tary -Treasurer.'
The first Board of Directors Is |
hereby declared TO be Alfred h. |
Freeman, Crawford L. Johnson and |
Clarence i. Scarborough, with the |
said Alfred b. Freeman as Presi-
dent, Crawford I. johnson as Vice
President and Clarence T. Scar
brough as Secretary-Treasu
The Board Of Directors shall haA,
power TO appoint all agents, CLERKS |
ana employees, and to fix their sal
airy, term of office and compensa-
ton, and the right to dismiss them
at said Boards pleasure, and said
Board shall have the further right
to Xix and determine the salary of
the several officers herein pro-
vided for.
ARTICLE VI.
This charter may be altered or
amended, or the capital stock of
he corporation may be increased
Dr. diminished, or the corporation
nay be dissolved by vote of
hree-fourths Of the capital stock
ssued. at general meeting called
or that purpose, according to law,
which meeting may be called at
my time by the President, or in
'ase of his absence or disability
" the Seeretary-Treasure and
must be called upon the written
equest of any stakeholder. When
Yer this corporation is dissolved
lther by limitation or otherwise,
IS affairs shall be iquidated by
he then existing Board of Direc-
ors, and in case of the death, re-
ignation or inability to act of
ny of said Board, the remaining
1ember or members shall carry on
he liquidation to its termination
ARTICLE VII. :
No stakeholder shall ever be held |
able or responsible for the con- .
racts or faults of this corporation :
l any further sum then the unpaid :
alance due the corporation on the :
hares of stock owned by him, nor :
hall any mere informality in the :
rganization hereof have the eff :
ect of rendering the charter null,
OF exposing any stakeholder to
ny liability beyond the amount of
is stock.
THUS DONE AND PASSED at s
y office in New Iberia, Parish of
)prl9. Statn nf Eouic;ann ~, Sha |