New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-04-01

detailed and itemized statement annexed
hereto is to be read in connection with
the provisions of this Charter in accord
ance with Section Three OF Act 2o7 of
the General Assembly of 1914.
! ARTICLE v.
/ The corporate powers of said corpora
ton shall be vested in and exercised bv,
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 electe.
on the first Monday of March of eacn
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 cay 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 to
hold their offices until their successors
will have been elected and ms .sled, and
anv vacancy occurring in the Board o.
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
1etary-Tre2surc, elec:ed annually By the |
Beard of Directors and until the first an
nua! meeting in March 1917. 70. follow
ng members sh,ll composs the Board Of
Directors, to-wit
P A. LANDRY
whose address is New Iberia. Ia. |
JACOB S SCGUPA.
whose address is New Iberia. La. |
WILLIAM c. SFCURA |
whose address IS New Iberia, La |
And the following shall constitute the
first officers, towt: P. A. Landry. |
PRESIDENT Jacob S. Segura. Vice Presi |
dent; Secretary Treasurer, VIM c. Sc |
gura.
All of the authority in the manage
ment of the affairs Of the corporation, |
within the scope and authority vested b"
the Charter shall be vested in the Pres-
dent OF the Companv. who shall act 70,
the corporation in all of these matters
He shall sign all cheeks. control the de-
posit of the funds OF the corporation and
heir discussing. di.ec. the farming and
manufacturing operations and tn dis
pcsal of the products in the crude OF
manufactured state.
Board meeting By proxy. provided the,-
be 81 least Two Directors personally
present At every meeting.
ARTICLE VI
Notice of ali meetings OF stockholders
tor e.ect.or OF ettICe1S OF Tor an~ othe.
purpose shall De given in writing by III.
Secretary by mail, at least ten Gays be
:o-e the meeting is held. aad directed t,
CT ! hall. II |
dress shall appear on the books O. ,hy
corporation, unless such notice is waive
in writing by the stockho!der At a
meetings every stos1holdc1, in pe1sos
or by proxy, shall he entitled to on.
vote for each share of stock standin.
in his name, and the majority OF vol.
shall decide all questions voted upon |.
said meeting.
ARTICLE VII.
No stockholGer shall ever be liable 0. !
responsible tor the contracts, faults O. !
debts of the corporation in any olhe. Q
'um than the unpaid balance cue to. tn. ,
stock subscribed to be him, nor sha. =
my informally in the Organization have :,
he effect OF rendering this Charter null :
u OF exposing any stakeholder to an,
liability beyond the unpaid balance du.
,pon his sock
No stakeholder shall dispose of an,
haze or shares of sock b::o-e givin, =
otice to the President and Secretary OF
ne corporation Of the intention to so dis
'ose, and he shall tender through the II
President and Secretary TO the other =
tockholdeTs or to any ore of them ii
here BE- no more than one desiring to
u-cnase the sa.1e such share, of stock n
I the Y~,-e 9~3 u-,fisv h. | "
ocdit;ons as he has the ppor:uni;y t. p
i.po.. Of the same to other parties. No II
racstcr of stock shall b: b:nd:r: upc.a II
ae corporation unless the same b. m.a. I"
pom the books of the corporation.
ARTICLE VIII q"
Ibis act OF incG- pO.3.ion may be al
:red, amended or modified o. the co.p
"a .ioa may De GlSao..co, o. may o.
lc-Eed with anothe- corporation py >.
&c o. two-th:.xs in znouat OF IL.
lpital stock repr:sen. ei at any ven
al meeting Of s:ockhold cx..i !.
lat purpose, amer Hvin! notice - pa
ced 70: il Article Six o. this act, an.
case OF dissolution o. m...c-, .. itA
maj o1i.y OF the entire sock mus. ..
-s.eat or represented at sa:i ,...:tin. 81
Stockh5lde.s. and in caz. CT !i;uda
on or dissolution the stockho!ce.: siG
ect t~o Liquidatiuz Co@l.ni5;ioa..,
no shall have enti.- chzrs. o. su-h 10 OF
dation IN accordance via he powc IT
:sted ~ tn: by The s.ockho.dc.s III ~
id L;qu;aators shall fill .ay ...xa 81
curing in th.;. numbers du
Thus done and signed his G.h =. IA
arch 1915, in II. p-es.nc. Of u Y, vi
:sher and Walter ]. Burke. good .,o 81
"a ce..nt witnesses, who subsc-ib. TN
zee present. with the pa-tieI and III. IL
lder:gned Notary. IL
Il. S.su-a. New iberia. La 81 sh.:.. -
IS. c. c. Segura, lis shares III
Per P II SeruYa