The weekly Iberian. (New Iberia, La.) 1894-1946, 1913-02-08

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 it's owner to one vote,
either in person or by proxy, and
the majority OF votes cast shall q
lect. The failure to elect direc-
tors on the date specified above
shall not dissolve the corpora
ton, but the directors then i'm Of
flee shall hold office until their
succe ssOrs are elected, and they
shall, as soon as possible, cause an
election to be held, as above pro-
vided. Three directors shall con-
stitute quorum for the transac-
ton Of business, and the Board of
Directors 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 a Secretary and Treasurer,
and General Manager, but these
last named officers need not be
chosen from the stockholders or di-
rectors, and the same person may
fill 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
| Ah;u onrnnrot;nn namnlv
| w. j. Bernard, Z. l.. Bernard, A.
C. Bernard, H. A. Kimball, K. A.
Bernard and A. A. Bernard AS di-
rectors; with A. A. Bernard as
President; E. L. Bernard as First
vice-president; A: c. Bernard as
Second Vice-president; r. 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 1914, or until their success
sors have been duly elected. The
EOard of Directors shall have pow
err to fill vacancies occurring in the
Board. They shall make such by
laws, rules and regulations, as 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, NOV
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 OF
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, at
special meeting of the stockhold-
ers, convened for that purpose, aft
er giving thirty days prior notice
by publication in any newspaper
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 it's contracts or faults in
any further sum than the unpaid
balance due on the shares o; stock
! owned by him, nor shall any in
formalityoin the organization have
the effect of rendering the Charter
null, or of exposing the st0ckhold-
err to any liability beyond the a
mount of his original subscription
Il ARTICLE TX.
Il Whenever this corporation shall
4 be dissolved by the expiration q