New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1911-04-08

may he held by one person: In tho event
| the office Of secretary il held separately,
then aud in thai case. It shall not Do nee
! essnry for the said Office to be a stock
holder and . member of the Board The
/ Board Of Directors, prior to the election
OF officers. shall determine whether or not
such offices shall be- held by one person,
and il not, whether or not the secretary
| shall be elected from among its members.
The first Board OF Directors shall con
sist of the following: |. ID. Stafford, An
drew Stafford. George p. Lane, Alfred
Renoudet and Chas. l. Deneebsud, with
| A. T.. Stafford, President, the said l. ID
stafford MS Vic. President, the said Geo.
! z. Lane rs Secretary, and the said Al
f,sd Renoudet, "a Treasurer; sud said
Board, as SO constituted, shall coptinse
snd remain In office until the third Mon
day in Jssusry 1913. when the hrst slsu-
| ton OF directors ander this charter, shall
take place. or until their sucsessors have
been elected and qualified.
Failure from any cause, to elect dirse-
| tors. on the date stipulated, shall not dis
| solve the corporation, but the officers and
directors then In Office shall hold over IN
til their successors shall have bees duly
elected and qualified. In the event OF
any failure 90 hold the election on the
date stipulated, the president shall call n
new election in ~ edistsly thereafter, not
lee Of which said election shall be given
~ hereinbefore provided. AT oil cleo
tions and meetings OF Stockholders, sash
| stockhoider shall be be entitled - oas
| vote for each share Of stock represented
in his own name and may vote in person
or by proxy.
All elections shall be by ballot and
shall be held under such rules and regs-
latioDs ~ ths Board OF Directors may
prescribe.
The Board Of Direstors shall have the
power to fll all vacancies in its midst
from among the stockholders Of this corp
| Grafton.
The Board Of Directors shall have Ger
| troll Of the property of this corporation,
and shall so conduct. manage and use
| the same AZ In its discretion It may deem
| fit and to the best Interests Of the corp
| Grafton.
| The Board Of Directors shall appoint
such officers, agents, managers, en-
| plOyses, CLERKS and servants ~ may be
necessary for conducting tho business
and affairs OF this corporation. They
shall fix their compensation and shall
have the right to dismiss them at plea
sure, aud they shall also have the right
to enter into agreements and contracts
for their services. They shall have the
power authority to make and establish, ~
we'll as alter aud amend, any and oil by
| laws, rules and regulations for the cOn-
duet, support and management Of the
| business and Affairs Of this corporation.
The Board Of Directors shall have foil
power aud authority to borrow money, to
| issue bonds. notes or other evidence Of
debt, and to secure same by mortgage OF
pledge, or both, upon the property Of this
corporation.
ARTICLE vi.
This Charter may BE- changed, modified
or amended, or this corporation may bs
dissolved by . general meeting Of the
stockholders, convened for that purpose.
with the assent Of three fourths Of the
capital stock Of this corporation, present.
or represented At sash general meeting.
and which meeting shall be held after
notice shall have been given to sssh
stakeholder by registered letter, addrsss.
cd to his last known address and dsposi.
tsdlin the post once OF the Unit cd States
at least ten days prior to date OF said
meeting. Notice VI oil meetings Of stock.
holders not herein, or BY law otherwise
provided for, shall be given in The mas.
nsr herein Immediately above design atsd.
Any change proposed. or made with 70.
fersnce to the increase or decrssse Of the
capital stock Of this corporation shall BE-
made In accordance with the laws Of the
btste Of Louisiana, on the subject Of al.
tering the capital stosh Of corporations.
ARTICLE VII.
In ease Of the dissolution or tsrinlna.
tior Of this corporation, either BY limi-
tation OF its charter, or for any other
cause. its Affairs shall be liquidstsd BY
three commissioners sslseted by stock
hsldsrs at . general meeting held. -
hereinbefore set forth. The said eou-
miss toner's shall remain In ofYice snsil the
Affairs OF this corpetstio shall have been
death or iBsspacity OF sny one OF said
commissioners to act the vaoaney shall
be filled BY the surviving commissioners.
ARTICLE VIII.
No stakeholder shall ever be held liable
or responsible for ths contracts or faults
Of this corporation in any further sum
that tho unpaid balance due the sospors.
ton on che shares Of stock subscribed
for or owned By him; nor shall any mere
ineapacity In Organization have the eject
Of rendering this charter null, or Of expo
sing any stockholder to any liability BE-.
yond the unpaid balance az ssy) due
upon bic stock.
The sppearers hsrsto have written op.
posite their respective names the sunber
Of shares subscribed by each Of them, and
this Act OF Incorporation shall serve 40
the original subscription list Of this Cor.
poration.
Thus lone and passed d New Iberia,
in the Parish Of Iberia, In the state Of
Louisiana, on the day and date hsrsisbs-
fore first written, In the presence Of A. J.
Cammaek and Z. y. Broassard, comps-
tent residing witnesses, who have signed
these presence, together with the said an
psarers, and me, Notary, after due read
ing oil the whole. (Bigned)
A. r. STAFFORD. 30 1hayss