New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-04-08


~ F;ffeep Hundred Do..ars of the .e2pl-
tai stock shall have been subscribed ana
the amount yelu1rsi By law SHALL Aa7e
been raid 20 IN money y IN properly
And i berg contemplated that the
hull ~ til stock in said corporation
shall BE- subscribed for and PAID Tor by
the transfer 70 said cOrpt >1on OF V~1lo's
real and PERSONAL properties, the sane
aggreaating ! valuation 3 IS SCI Iolln
in the detailed statements ct SAD prop
ert.es which &C hereto anne "a pa
r,nbes Ne Vxrietur for Identification
with this as If incorprxtion- 1hs sara
detailed and tented statement annexed
| hereto i. TO be read in connection Win
the provisions of thi. Charter IN eccoIu
ance with Section Three of Act Zo' OF
the General Assembly of 1914.
ARTICLE V.
Tn. ceyporat- powers of said corpora
ton shall be Vested in and exercised oy'
and all the business affairs OF tins cor
poration, shall be managed and conducted
by a Board Of Directors composed OF
three member, to be annually elected
on the first Monday of March OF eacn
year All such elections shall be by
ballot, and the notice of SAID meetlng
must be given in the manner required by
law. If for any reason the election VIII
not have been held upon the gay fixed,
then it shall be the duty OF the DlIec-
tors to fix another date within thirty
days for the holding of said election.
Tho Directors elected shall continue to
hold their offices until their successors
will have been elected and installed. and
any vacancy occurring in the Board OF
Directors from any cause whatever, shall
l. al hv
Directors Three Directors shall constl-
tute a quorum for the transaction IF
business
There shall be President and Sec :
retary- Treasurer elected annually by the
Board of Directors and until the first an
nual meeting in March 1917 the follow
ny members shall compose the Board Of
Directors, ts-wit:
P. A. LANDRY.
whose address is New Iberia, La.
JACOB S SECURA.
whose address is New Iberia, La.
WILLIAM C. SECURA,
whose address is New Iberia, La
And the following shall constitute the
first officers, to-wit: P 4. Landry,
President; ia OBJ S. Seyura Vice Presi
dent; Secretary Treasurer, VIM. c. Sc
gura
All of the authority in the manage
ment of the affairs OF tn- corporation
within the scope and authority vested by
the Charter shall be vested in the Presi-
dent of the Company. who shall act for
the corporation in all of these matters
He shall sign all checks, control the de-
oosit of the funds of the corporation and
heir discussing, direct the farming and
operations and the dis
A. Al
Manufactured state.
A Director may be represented at any
Board meeting by proxy, provided there
oe at least two Directors personally
present At every meeting
ARTICLE vi.
Notice of all meetings Of stockholders
or election of officers or for an~ other
purpose shall be given in writing by the
Secretary by mail, at least ten days be-
ore the meeting is held, and directed to
ach stockholders As his name and adj
ress shall appear on the books of the
orporation, unless such notice is waived
a writing by the stakeholder. At all
meetings every toqkholde1, in person
Z by proxy, shall be entitled to one
ote for each share of stock standing
4 his name, and the majority of votes =
hall decide all questions voted upon at
aid meeting.
ARTICLE VII.
No stakeholder shall ever be liable or
for the contracts, faults or
ebts of the corporation in any other
am than the unpaid balance due for the
took subscribed to be him, nor shall
ny informality in the organization have
le effect Of rendering this Charter null
OF exposing any stakeholder to any
ability beyond the unpaid balance due
pom his stock.
No stakeholder shall dispose of anv
'are or shares of stock before giving
'tlce to the President and Secretary of
e corporation of tho intention to so dis
ose, and he shall tender through the
resident and Secretary to the other
ockholders or to any enc of them if
ere be no more than one desiring to
'rchase the same such shares of ,tock
the same price and under the same
ndltions as he has the opportunity 10
spose of the same TO other parties. No
an'fer OF stock shall be binding upon
{ corporation unless the same bo made
'on the books of the corporation.
ARTICLE VIII.
Inns act OF incorporation may Be al
req, amended or modified Or the corn
atlon may be dissolved, or NAV he
efged with another corporation by
te, OF two-thirds in amount of the
p'tal stock represented at any zen
II meeting of stockholders called fov
~ purpose, after giving notice =, pro-
ieds for in Article Six of thi. act. and
case of dissolution or merger, at le.s,
majority OF the entire stock must b.
fsent or represented At said me.t;n,
stockholders, and in case of Liquids,
u oI olssolution the stockholders shall
ct two Liquidating Commissioner.
10 shall have entire charge of such lio'
lation IN accordance with the power
',eo IN them by the stockholders. RI.
d Llquidators shall fill any vsc.ncv
,urring in their numbers.
linus done and signed this 9th d.x IS
arch 1916, in the presence of " w
'her and Walter J. Burke, good and
Ape.ent witnesses, who subscribe
ee presents with the partie. and ~.
dersigned Notary. ~"u 'as
II Seouy, NJ. r,