The weekly Iberian. (New Iberia, La.) 1894-1946, 1910-06-11

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miasioncrs ahall certify tie rce
suit TO the BOARD. ". for my rra-
son, no election OF Other voting
| b. held on the day frat
| fixed. II shall ~ The dl-
| ty Of tho ptrqiiepi to causc
the election Of other voting 10 Ie
held rs soon rs possible tharcaf-
Ter, after two weeks notice given
IN the MANNER harcinal'oN" prre=
trihph.
Section 4 Tho Hnard of nr~ca
tors shall have power to I'll any
aud all vacancies occurring n
their number for the uney pirctl
term.
Section Each Board Of Dircc-
tors shalt at its FIRST meeting, -
lect from is number President
and a Nice-Prcsident, who shall
continue in office during The term
of the Board Ky which elected. The
Board shall have power to appoint
a Cashier. or 4 Secretary aud Ftca-
surcr. or both. and such other Of
ficers az II may see fiji. to fis thpil
compensation. prescribe their hu-
ties and dismiqq them NJ its Plea
sure. Board shall require bond of
all officers and employees II such
amount as il may see fit
Section f The President shah
|Hreside At the meeting Of the
Board and be Chief Executive of
ficcr Of the Bank. In his absence
the Vice President shall have the
powers and shall perform the du-
ties of the President.
Section 7. The Board shall have
power TO make and adopt rules aud
regulations for the government ~
the Bank in the transaction Of H.
business and to alter and anl<nd
the same at pleasure in any /vay
nof contrary TO the laws of this
STATE and to this Charter.
" Section 8.-The Board shalE haVo
roweTto fix the time and pEcc OF
its meetings and The character OF
NOTICE to We given thereof.
Section o.-The Board shah have
power TO delegate TO agentf and
employees of the Bank, or L. do
signated committees OF the Board.
such powers az it may think Arop-
'eT and expedieH
Section 1O-At all meciingA of
Stock hrlders for the eleetionAoi
Directors or for other purposdA,
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 its books.
Section 1.-THE Cashier appoint
ed by the Board shall be the Gus
todian Of the seal, which seal shall
be a device consisting Of the
words "Bank of Loreauville" ar
ranged around the borders Of dc
vice to be chosen by the Board
Of Directors.
ARTICLE VI.
When this corporation shall hc
dissolved, either by limitation on
from any other cause, its affairs
shall be liquidated 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 tho
Parish of Iberia, and a majority
of the stock voting At such elec-
ton shall be requisite to elect
Said commissioners shall remain in
office until the affairs Of said cor
poration shall have been fully Ii
quidated. In case Of death. resig-
nation. or failure to act of one or
r. "a,
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 he
modified, changed or altered and
said association may be dissolved
with the assent Of CtWo-thirds o.
the capital stock represented Al n
general meeting of the stock hold
ers convened for such purpose AZ
ter the same notice by publication
previously prescribed and written
notice mailed to each stock hold
er postage prepaid to his last
known post office address forty
DAYS prior to such meeting. The
capital stock Of this corporation
NAV be increased or decreased ly
vote of two-thirds Of the amount
of the capital stock voting at q
general meeting held after notice
given as hereinabove prescribed,
and the number of shares of stock
Of such increased or decreased cap
ital shall be fixed by said stock
holders in the same manner, and in
accordance with the laws of this
State.
ARTICLE VIII.
ono stock holder shall be held La
BILE or responsible for the fault of
this corporation In any further sum
than the unpaid balance due on the
shares of the stock owned by him,
nor shall any mere informally IN
the organization have the effect Of
rendering this Charter null or OF
exposing any stock holder to any
liability upon any stock held by
him.
This done and signed in the town
of Loreauville, in the Parish and
State aforesaid, i'm the presence of
Messrs. Emile r. Ribbeck and Os-
car Mestayer, competent witness
SEES here residing, who on the day
and year first above written have
signed their names with me, No
tary, and with the appearers, who
have written opposite their names
their Post Office address, and the
number Of shares respectively sub
lerihed by them and declare thia