New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1910-11-12

been subscribed FOR. Certificate
of stock fully paid and mJn-as
sessable shall be issued to eacI
subscriber to the amount paid b,
him therefor.
In case any stakeholder desire
70 sell his stock he shall give a
least thmty days notice in writin.
! to the secretary of his intention
to sell he same. aud upon r.
ceipt OF such notice the Board o
Directors shall thereupun. for th'
hentfit of the stockholders have tn
first option TO purchase said stOc ]
at dhe price ecu valent TO any bon;
fide offer by any person for tn,
same. and the Secretary shall i'm
medlaiely notify each stockholdel
of the receipt of such notice anf
each stakeholder shall thereupol
have the right TO purchase sucl
An interest in said stock as is rep
resented by the proportion hi
stock bears TO the capital stock
then issued, and in ease any stock
holder shall not desire TO purcha
such interest, the same. or his righ1
thereto shall belong to the other
stockholders n the same proper
ton. and the foregoing notice and
option within Thirty 900 Days
shall be n condition precedent to
the transfer Of any stock on the
books Of the Corporation.
A failure of any stakeholder tn
exercise his option within thirty
600 days from the date Of such
notice to the secretary, shall for
felt his right to purchase the same
or any part thereof.
All stock certificates shall have
printed on their faces the follow
lDgi
This certificate is issued and
held subject to all conditions aud
restrictions set out in the charter
and bylaws wf tn 8 Company" "
Certificates of the capital stock
shall be executed by the president
and secretary under seal Of the
corporation. No certificates shall
be issued until the stock evidenced
thereby shall be fully paid, and no
new certificates shall be reissued
for existing certificates until the
old certificat es have been surreu-
dered and cancelled. When not
purchased by other stockholders as
above provided, certificates Of
stock may be transferred on the
company under such terms and
conditions ~ tho bylaws shall
provide.
Article v,
The control conduct and man
agement of the property and bus
mess of this corporation shall be
vested in and exercised by q
Board Of Directors to be composed
of Three (O Stockholders of this
corporation, a majority of whom
shall constitute q quorum Tor the
transaction of business. The
stockholders shall meet immediate
ly after the adoption of this Char
ter and shall elect the Oompany's
FIRST Board Of Directors. and may
adopt bylaws for the government
Of the Corporation and its Board
Of Directors which bylaws may
be amended at any annual me,
ing by q majority vote of all the
the stock issued, or at any spe-
pial meeting duly called for the
purpose IN accordance with the
provisions of the bylaws.
The Board Of Directors shall
hold office until the first Tuesday
after the first Monday in February
1911, or until their successors have
been elected and qualified. The
'aid Directors shall be elected an
nually on the first Tuesday after
the first Monday in February Qf|
Zach year thereafter, aud all such
elections shall be by ballot, and
shall be held at the office of the
corporation,
Ten (l1I days dprior notice Of
'pch elections shall be given by
he Secretary, who shall send such |
,otice 10 each stakeholder by no.
ice mailed to his address as shown
~ the books of this corporation. |
stockholders may vote in person
y by proxy duly executed and
He'd with the Secretary,
The Directors thus chosen shall |
erve and continue in office nutil |
heir successors shall be elected |
md qualified. At each election,
'ach Of the stockholders shall b. |
to east one vote for each
md every share of stock held by |
lin either in person or by proxy
md a majority of the votes thus
ast shall elect the directors for
he ensuing year, II vt any time
here should be failure to hold
stockholders meeting to elect di- |
ectors. or IL at such meetings /
here should be a failure to elect
|irectors as above provided, such
allure shall not dissolve this cor
pration, but the then existing
soard Of Directors shall continue
0 hold office, and a. soon A. may
% practical thereafter. another
lection may be held. whereof ten
10Y days, prior notice shall be CIV
n by the Secretary As above.
Any vacancy occurring in the
Ioard Of Directors from any caust
rhatever between the elections
hall be flied BY the remaining
directors. Said Beard of Direc-
,rs without being thereunto spec
lily authorised by the stockhold-
rs shall have full power to mort
age the property Of the Corpora
on and to issue notes or bonds
pder the said Mortgage. provid-
| all directors vote sfflrmatively
athorixing same.
Article VI.
The officers Of this Corporation