New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1913-03-29

in the CltY OF new Ibeila, dhu "" w" Nv
render of the certificate therefor. N
transfer of any fractional part OF shar
shall be made.
This CORPORATION shall commence dom
business ~ soon M forty (aO) shares {
the capital stock shall have been subscrit
ed for.
The Board Of Directors shall hav
the right to determine how much stoc
shall be issued
ARTICLE ~.
The corporate powers OF TINS compah
shall be vested in and exercised by
board of three CD directors, conslstln
of the president, who shall also be oflici
the treasurer Of said corporation the vie
president and one ~ stakeholder; how
ever the membership of the board q
directors may be increased 10 five COZ b.
a vote Of the ma oriiy Of the issued stoc
of The corporation Mt my called or specia
meeting h,ld for that purpose.
A majority of the membership OF tn
hoard of directors shall constitute
quorum for the transaction of business
and theirdecisions shall be valid corporate
acts.
The following persons shall constitute
porstiou: Havert $. Sealy, president
Jules +. Dupuy, vice president, an'
Homer Dupuy.
No person shall be eligible ms directo
or an officer who is not s'ockholder o
this corporation; provided. however. tina
the board of directors may elect Seere
taly who need not be stockholders, will
the right to dismiss him at its pleasure
NJ hereinafter provided.
During the absence of the president
the vice president shall act aud preside.
Said board shall continue in Office unit
the first Monday in in January, 1914, OF
which date and thereafter, annually, OF
the fifteenth day OF January, OF eacl
year, u board of directors shall be elected
provided, that should fixed date be holi
day, the election shall be held on the mex
legal day thereafter.
Notice of such election shall be give,
by at least twenty (2O) days publication
Immediately preceding each election, IL
one of the weekly English newspapers OF
this City; and the board of directors
| shall appoint one or moie stockholders
I to preside ut such election rs commits
sionels, In the event of the failure o|
any commissioner or commissionersto at
| tend, the president shall, 10y appointment
| fill the vacancy or vacancies. Any failur.
| from any cause whatever to elect direct
ors the day named for that purpose sbal
not dissolve the corporation, but directors
then in office, as well AZ the officers oil
corporation, shall hold over until theil
successors are chosen.
| In such event the president shall cause
=, m, h.. hst a /, ri q
(aO) DAYS, aud shall give notice thereof
| ns herein before provided,
Al every election aud meeting each
| ST ockhoder shall be eutitled to vote fol
each share of stock registered in his name
aud may vote by proxy,
Tue election of directors shall be by
ballot, and the majority in amount OF
| votes cast. each share of stock voted upon
10 be counted for tDt vote, shalt elect III.
| person or persons for whom they hav.
| been cast.
After each election the Board of direct
| ors shall elect from their own number the
officers of said corporation; except rs
provided for above with reference to iht
| election of a Secretary.
ARTICLE V,
The Bor-a -s Directors shall have full
power to I'll. vacancies in their number
| caused by death, esigpatiun or otherwise
! from among stockholders of the cor
poratiou.
The said board shall have full control
of the property of this corporation, aud
shall SO conduct, manage aud use the same
rs in their decision and discretion they
deem fit and that is consistent with ths
I x~k ,otu nf he. al
| of the same.
The said board is further authorized 10
frame and adopt such bylaws, rules and
regulations rs The affairs and business OF
the corporation may require. and ~ il
may deem necessary for the conducting
and management thereof; provided. the
same shall not conflict with this charter.
or with the laws of this State, or of the
United States.
The said board shall elect or appoin,
| such officers, agents. employees, Sc, wants
and clerks AS il may deem necessary for
the conducting OF the business of the
corporation; fix their compensation, term
Of service, with the right to dismiss them
at said boards pleasure; and said board
shall have the right TO fix and determine
the salaries of the several officers herein
provided for.
ARTICLE vi.
This charter may be changed, modified
or amended, the capital stock increased
or decreased, OF this corporation may be
dissolved, at general meeting OF the
stakeholder convened for the purpose,
with the assent of three fourths of the en-
tire stock subscribed for at time of said
general meeting, whether present or re-
presented at such meeting.
Thirty (3G) days prior mott 80 Of such
meeting shall be given in any weekly
English newspaper published in this City.
In case of dissolution OF termination of
this corporation, either by limitation of
its charter or FROM apy cause, the liQuida-
ton of its affairs shall be conducted by
three (O commissioners, selected from
the stockholders, with like assent, and ut
meeting called for that purpose, as
above set forth in this article.
The said Commissioners shall remain
in Office until the affairs of said corpora
ton shall have been fully liquidated. In
case Of the death Of one or mare of said
commissioners, the survivors or survivor
shall continue to act.
ARTICLE VII.
No stakeholder of this corporation shall
ever be held liable or responsible for the
contracts or faults thereof, in any further
sum than the unpaid balance due the cor
poration on the shares Of stock subscribed
for or owned by him, nor shall any infor-
mality in organisation have the effect of
rendering this charter null or of exposing
a stakeholder to any liability, beyor the
unpaid balance, IL any, Of bis stock.
Thus dope aud passed at my nota,isl
Office, in the City Of New iberia. Parish
OF IBERIA, State Of louisiana, on the day,
month aud year herein first above written
in the presence of Messrs. Walter b. Hen.
ming and Francis w. Crosby, competent
witnesses, oilawful age, and residents OF
this City, who hereunto sign their names.
togei her wit said parties, and me, Notary.
after reading of the whole.
HAVERT s. SEALY
JULES 4. DUPUY
DIR. HOMER DpPUY
Witnesses
W. y. HENHINs
r. W. CROSBY
NATHAN DAVIS,
Notary Public,