New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1910-12-03

the transact mn OF business under
It's corporate name as soon a:
Three Thousand ($3, ,0OO.0O) Dol
! lars of It's capital stock shall have
been subscr.De for Certif cate.
of stock tully paid and non-as
sessaDle shall be issued to each
subscriber to the amount paid BY
| him therefor.
| In case any stockholder desires
to sell his stock he shall give al
least thmty days notice in writ n {
TO the secretary of his intention
/ 10 sell he same, and upon re-
ceipt Of such notice the Board ol
Directors sha.l thereupon. for the
bentfit of the S. ockhOiders, have the
first option to purchase said stock
at he pr.ce equ yalent to any bona
fide ofIGr by any person for the
same, and the Secretary shall I'M
.nediately notify each stockholdel
of the receipt of such notice anI
each stockholder shall thereupor
1ave the right 70 purchase such
an in crest in said stock as is rep
'esented by the proportion his
stock bears to the cap. tai stock
hen issued. and in case any stock
io.uer shall not desire to purchase
such interest, the same, or MS righ
thereto shall belong to the other
stockho. ders N the same proper
ion, and the foregoing notice ano
option within Thirty (3O) Days
| snail be a c.JndI.on precedent tc
he transfer of any stock on the
looks of the Corporation.
A failure of any stakeholder t.
exercise ms option within thirty
800 days from the date of such
notice to The secretary, shall for
Lett his right to purchase the same
Or any part thereof.
Ali stock certif Gates shall have
printed on their faces the follow
| ing:
This certif.. cate is issued and
he,d subject to all conditions ano
restrictions set out in the charter
and bylaws Of tbs Company"
| Certificates Of the capita. stock
shall be executed by the president
and secretary under seal Of III,
,orporat.o ON. No certificates shal
De issued until the stock evidenced
| hereby shall be fully paid, and NJ
new certificates shall be reissue.
1or existing certificates until tn,
Id cert.fica. es have been surren
tered and cancelled. When moi
purchased by other stockholders a.
.bove provided, certificates Of
stock may be transferred on thu
company under such terms and
conditions as the bylaws shal
provide. @
Article v.
The control conduct and man
agement Of the property and bus
mess Of this corporation shall bt
vested IN and exercised by
Board of Directors to be composed
Of Three (3) Stockholders of Thu
corporation, majority OF whom
shall constitute a quorum for dh'
transaction Of business. Thu
stockholders shall meet immediate
~ after the adoption Of this Char
ter and shall elect the Company
first Board Of Directors. and ma.
adopt bylaws for the governmen
If the Corporation and its Boart
If Directors which bylaws ma.
be amended at any annual m
ing by a majority vote Of all tn
the stock issued, or at any spe
cial meeting duly called for tn
purpose in accordance with tn
provisions of the bylaws.
The Board of Directors shal
hold office until the first Tuesda.
after the first Monday in Februar,
1911, or until their successors hav
been elected and qualified. Tn
said Directors shall be elected an
nua.ly on the first Tuesday afte
the first Monday in February o
each year thereafter, and ali sue
elections shall be by ballot, an
shall be held at the office Of tn
corporation.
Ten (10) days dprior notice q
such elections shall be given b
the Secretary, who shall send sue
notice to each stockholder by a nc
tice mailed to his address as show
by the books Of this corporation
Stockholders may vote in perso
or by proxy duly executed an
: filed with the Secretary.
The Directors thus chosen sha
serve and continue in office nut
their successors shall be electe
; and qualified. At each election
each of the stockholders shall ;
entitled to cast one vote for eac
and every share of stock held b
him either in person or by prox
and majority of the votes Thu
east shall elect the directors fe
the ensuing year. If at any TIN
there should be a failure TO hol
! a stockholders meeting to elect d
rectors, or if at such meetiu.
there should be a failure to ele'
4 directors as above provided, sue
: failure shall not dissolve this co
: porat.on, but the then existin
: Board of Directors shall contin,
e to hold office; and as soon as ma
! be practical thereafter, anoth'
: election may be held. whereof te
e (10) days, prior notice shall be g,
en- by the Secretary as above.
Apv vooouoN non,,prss@n IN ~