New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-04-15


| and all the business affairs of this cor
poration, shall be managed and conducted
by Board of Directors composed Of
three members to be annually elected
| on the first Monday of March of eacr
year. All such elections shall be BY
ballot, and the notice of said meeting
must be given in the manner required by
law. If for any reason the election will
not have been held upon the day fixed
then it shall be the duty of the Direc-
tors to fix. another date within thirty
days for the holding of said election
The Directors elected shall continue tc
hold their offices until their successor.
will have been elected and installed, and
any vacancy occurring in the Board OF
Directors from any cause whatever, shall
be filled by election by the remaining
Directors. Three Directors shall consti-
tute quorum for the transaction If
business.
There shall be President and a Sec
rotary Treasurer elected annually by the
Beard of Directors and until the first an
nual meeting in March 1917, the follow
ne members shall compose the Board Of
Directors, te-wit:
p A. LANDRY,
whose address is New iberia, La
JACOB S. SEGURA.
whose address is New iberia, la.
WILLIAM C. SEGURA
whose address is New iberia, La
And the following shall constitute the
first officers, to-wlt: P. A. Landry,
President; Jacob S. Segura, Vice Fresi
dent Secretary Treasurer, VIM. c. Sc
gura.
All of the authority in the manage
ment of the affairs Of the corpora,lon
within the scope and authority vested b
the Charter shall be vested in the Pres.-
dent of the Company, who shall act for
the corporation in all of these matters
He shall sign all checks, control the de
post of the funds of the corporation and
their discussing, direct the farming and
manufacturing operations and the dis
posal of the products in the crude OF
manufactured state.
A Director may be represented at any
Board meeting by proxy, provided the-.
be at least two Directors personally
present at every meeting.
ARTICLE vi.
Notice of all meetings Of stockholders
for election of officers Or for anv othe.
purpose shall be given in writing by the
Secretary by mail, at least ten days be
fore the meeting is held, and directed te
each, stockholders As his name and al
dress shall appear on the books of the
unless such notice is waiveo
in writing by the stakeholder. At ali
every stockholde1, in person
or by proxy, shall be entitled to one
vote for each share of stock standinA
in his name, and the majority of votes
shall decide all questions voted upon 4.
raid meeting.
ARTICLE VII.
No stakeholder shall ever be liable OF
'esponsible for the contracts, faults o,
lebts of the corporation in any other |
'um than the unpaid balance due for the |
stock subscri6ed to be him, nor sha. |
my informally in the organization have
he effect Of rendering this Charter null |
" of exposing any stakeholder to any
liability beyond the unpaid balance due |
,pon his stock.
No stakeholder shall dispose of any
;hare or shares of stock before giving |
lotice to the President and Secretary of |
he corporation Of the intention to so dis |
bose, and he shall tender through the |
President and Secretary to the other |
tockholders or to any enc of them If
here be no more than one desiring t.
purchase the same such shares of stock |
It the same price and under the same
conditions as he has the opportunity to
ransfer of stock shall be binding upon
he corporation unless the same DO made
lpon the books of the corporation.
ARTICLE VIII.
This act of incorporation may be a. |
cred, amended or modified o. the corp
ration may be dissolved, or may b.
merged with another corporation by
ote of two-thirds in amount of the
apital stock represented at any gen
raj meeting of stockholders called TO,
hat purpose, after giving notice ~ pro-
ided for in Article Six of this act, and
a case of dissolution OF merger, at least
majority Of the entire stock must be
resent or represented at said meeting
+ stockholders, and in case of liquids
ion or dissolution the stockholders shall
lect two Liquidating Commissioners,
rho shall have entire charge Of such liq-
idation in accordance with the power
ested in them by the stockholders. The
hid Liquidators shall fill any vacancy II
ceurring in their numbers.
Thus done and signed this 9th day Of
darch 1916, in the presence Of M. w.
Usher and Walter J. Burke, good AID
onpetent witnesses, who subscribe
hese presents with the parties and the
Undersigned Notary. II
J. H. Segura, New iberia, La. 81 shares
lrs. c. c. Segura, lis shares.
Per P. H. SeguYa.
A. Landry, New iberia, La, one share
'. c. Segura, New iberia, La. one share
S. Segu,a, New iberia, La, one share
illnesses:
M. W. Fisher.
Walter ]. Burke.
vENTRESS J. SMITH,
Notary Public
State of Louisiana, Parish of Iberia
I. J. G. Leblanc, Clerk of the 10Th
1dicial District Court, and Ex-Officio
ecorder and Conservator of Mortgages
and for the aforesaid State and Par
b, do hereby certify that the shove and
'regoing 10 . true and correct copy Of
. original act Of Incorporation Of the
egura Realty Co., Inc, on file and Of
cord in my off in Mortgage Book
In faith whereof witness my official
Al L