The weekly Iberian. (New Iberia, La.) 1894-1946, 1913-02-01

writing ten days prior thereto,
Said election shall be by ballot, at
the office of the said corporation,
under the supervision OF one com
missioner to be appointed by the
President. Each share of stock
shall entitIe its owner to one vote,
either in person or by proxy. and
the majority OF votes cast shall p
lect. The failure to elect dlrec-
tors on the date specified above
shall not dissolve the corpora
ton, but the directors then in Of
succe ssOrs are elected, and they
shall, as soon as possible, cause an
election to be held, "a above pro
vided. Three directors shall con
stitute q quorum for the transac-
ton of business, and the Board OF
Dire ctOrs shall, at their first meet
ing following the annual election,
elect one of their number to be
President, another TO be Vice-pres-
ident, and another to be second
Vice-president. They shall also
elect Secretary and Treasurer,
and q General Manager, but these
last named officers need not be
chosen from the stockholders or di-
rectOrs, and the same person may
fiji the two offices and positions.
The following named persons
shall constitute the first Board Of
Directors, and the officers and di-
rectors of this corporation are
hereby vested with full power and
! authority to do and perform all
/ things necessary to carry into ef-
feet the objects and purposes Of
this corporation, namely;
| w. J. Bernard. Il. l.. Bernard, A.
C. Bernard, H. A. Kimball, r. A.
Bernard and A. A. Bernard ss di-
rectors; with A. A. Bernard as
President; L. l.. Bernard a. First
Vice-president; A. c. bernard a.
Second Vice-presid ant; X. A. Bern
ard as Secretary and Treasurer,
and w. J. Bernard as General Man
ager. They shall hold their offices
until the stockholders annual meet
ing in 1917, or until their success
soTs have been duly elected. The
Hoard of Directors shall have pow
er to fill vacancies occurring in the
Board. They shall make such by
laws, rules and regulations, IS they
think proper for the Transaction
of the business, and affairs of said
corporation and change, alter and
amend same at pleasure; appoint
and fix the salaries of all officers
and clerks. They shall have power
to sell, convey, mortgage, pledge,
lease and purchase property. mo"-
able and immOvable and personal ;
borrow money, issue notes and
bonds, make contracts and do all
things necessary in the manage
ment Of the business and affairs oil
this corporation or permitted by
LAWS applicable to corporations.
ARTICLE VII.
This Charter may be changed
modified or altered, or the said
corporation may be dissolved, n
4 special meeting of the stOckhOld-
ers, convened for that purpose, aft
er giving thirty days prior notice
by publication in any newspapers
published in the City of New he
ria, Parish OF Iberia, State Of Louis
lana, with the assent OF three
fourths Of the capital stock Of the
said corporation.
ARTICLE VIII.
No stakeholder OF this corpora
ton shall be held liable or respon-
sible for its contracts or faults In
any further sum than the unpaid
balance due on the shares Of stock
owned by him, nor shall any in
formality in the organization have
the effect Of rendering the Chartel
null, or Of exposing the st0ckhold-
er to any liability beyond the =
; mount Of his original subscription
ARTICLE TX.
il Whensver this corporation shall
Il 30 dissolved by the expiration 81