The weekly Iberian. (New Iberia, La.) 1894-1946, 1910-07-09

Newspaper published m said rar
ish IF lheria. hy one WeeIly ~
gertiof III said Newspaper, and tn
written notice nailed 10 onrh
stock holder at the address Is hin
given, OF "a may be hereafter Iy
him changed. and matted IN hin
/ ten days prior to such meeting
/ The stock holders receiving TIA,
! greatest number of votes east NJ
! such election shall he declared du-
! 'v elected Directors, aud qhali ~.
\ main in office until their success
! sors have been duly elected and
I qualified. A majority Of the votes
cast shall be necessary to elect. All
/ elections for Directors, and all
other votings by stock holders
| shall be conducted by two com
mssioners appointed for such g
lection, or other Voting, by the
Board Of Directors; which com
missione,s shall certify the re-
suit to the Board r. for any rea-
son, no election or EOther voting
be held on the day first
fixed, it shall DE the du-
ty Of the President to cause
the election or other voting to be
held ~ soon AZ possible thereaf-
ter, after two weeks notice given
in tle manner hereinabove pres
cribed
rssfsSection The Board Of Diree-
fora shall have power to fill any
and all vacancies occurring in
their number for the unexpircd
term.
SectionS5 Each Board Of Direc-
tors~shall, ut its first meeting, e.
71eCt from its number a President
and Vice-President, who shall
continue in office during the term
Of the Board by which elected. The
Board shall have power to appoint
Cashier. or a Secretary and Urea
surer. or both, and such other Of
ficers "a it may see fit. TO fix their
compensation, prescribe their du-
ties and dismiss them ut it's plea
sure Board shall require bond of
all officers and employees in such
amount as il may see fit
Section 6.-The President shall
preside at the meeting Of the
Board and be Chief Executive Of
ficer of the Bank. In his absence
the Vice President shall have the
powers and shall perform the du
ties of the President
Section THE Board shall have
power 10 make and adopt rules and
regulations for the government OF
the Bank in the Transaction, Of its
business and to alttr and amend
the same at pleasure in any way
not contrary to the laws Of this
State and to this Charter
Section 8,-The Board shall have
power to fix the time and place OF
its meetings and the character Of
notice to be given thereof.
Section 9.-The Board shall have
power to delegate to agents and
employees Of the Bank, or to de
signated committees Of the Board,
such powers as it may think prop
or and expedient.
Section 1o.-At all meetings Of
Stock holders for the election OF
Directors or for other purposes,
each stock holder shall be entitled
in person or by written proxy to
one vote for each share of stock
held by him, provided that no
stock holder shall be entitled to
vote on his stock unless he shall
thirty DAYS continuously prior to
the time of voting. The stock Of
this corporation shall be transfer
red only upon it's books.
Section 1.-THE Cashier appoint
ed by the Board shall be the Gus
todian of the seal, which seal shall
be device consisting of the
words "Bank of LoreauvilIen ar
ranged around the borders Of de
vice to be chosen by the Board
Of Directors.
ARTICLE VI.
When this corporation shall be
dissolved, either by limitation or
from any other cause, it's affairs
shall be Iiquidated by three stock
holders TO be appointed at gen
eral meeting of the stock holders
to be convened after thirty days
notice by publication once a week
in any newspaper published in the
Parish of IBERIA, and majority
OF the stock voting at such cleo
ton shall be requisite to elect
Said commissioners shall remain in
office until the affairs of said cor
poration shall have been fully Ii
uuidated In case of death, resig-
nation, or failure to act of one or
more of the commissioners so elect
ed, the vacancy or vacancies shall
be filled by the remaining com
missioner or commissioners. The
stock holders shall have power to
fix the compensation of the com
missioners and the extent OF their
power.
ARTICLE VII
This act of incorporation may be
modified, changed or altered and
aaid association NAV be dissolved