The weekly Iberian. (New Iberia, La.) 1894-1946, 1920-03-20

without having offered it, in writing
at its book value,td The diree tors If
this corporation, twenty (20) days
previous to the contemplated sale
Of said stock, and # thu directors of
this corporation when said stock is
offered to them at its book value, de-
sire to buy it, purchase shall be
made on behalf Of the corporation,
and the stock shall then and there
become treasury stock to be dispo-
sed of as the Board of Directors
shall determine.
"A notice of the obligation SO to
offer the stock to the. corporation
shall be printed across the face of
each certificate of stock.
ARTICLE v.
All of the corporate powers of
shall shall be,vested in and exerci-
sed by board Of directors ccinpv-
sed of four stockholders, three Of
whom shall constitute quorum in
the transaction of business, which
said directors shall be elected at
general meeting Of the stockholders
of this corporation, to be held on the
third Tuesday in January in each
year, and due notice Of said election
shall be given by letter to be writ
ten ter (10) days previous to said
election, and sent to the last known
address Of each Of the stockholders.
TIE first meeting Of the stockhold-
ers under this charter for the pur-
pose Of elccting q Board of Direct
ors shall occur on the third Tuesday
Of January 1921.
1rho .u:J Ina~I - a. FxcA ,V,ooftv,u
after each annual election, shall elect
from its members President, Vice
President, and Secretary Treasurer
The said Board Of Directors shall
also fill all vacancies on said Board
arising from any cause whatsoever.
The following officers shall serve
until the third Tuesday Of January
1921, or until their succ sors shall
have been duely elected and quail
fed, to-wit:
Fritz Dietlein, New Ibaria, Pres
ident.
James v. Dunbar, New Orleans,
vice-President.
Arnold f. Frick, New iberia, La.
Secretary Treasurer.
The hrst election for directors UNI
der this charter shall take place on
the third Tuesday of January, begin
ming in 1891, until which time, or
until their successors shall have been
elected and qualified, the following
stockholders shall constitute the first
Board Of Directors:
Fritz Dieuein, New Iberia, La.
james ". Dunbar, New Orleans, La
Arnold r. Frick, New Iberia, La.
Ebert L. Duknte, Biloxi, Miss.
The first Tuesday Of January beg
inning in 1921, shall be the regular
day for the meeting Of stockholders
to elect directors, but the failure
from any crslse to elect directors on
the day stipulated, shall not dissolve
this corporation, but the officers and
directors then in office shall hold over
until their successors shall have been
duly elected and qualified.
And In the event Of any failure to
hold al election on the day stipulat-
ed, the president shall call q meeting
| on ten (1O) days notice as near
| thereafter or rs soon thereafter as
practicable.
At Gil elections and meetings Of
the stock holders, each stock holder
shall be entitled to one vote for each
share Of stock registered In his name
and may vote in person or by proxy.
All elections shall be by ballot.
ARTICLE vi.
| The Board Of Directors shall have
the power to fill al vacancies in it,
members from among stockholders
| OF this corporation.
| The Board Of Directors shall have
| full control Of the property Of this
company, and shall conduit and mani
age ana use the same as In its dis
erection It may deem fit and and con-
sistent with the objects Of this corp
GRAFTON and its welfare. It may make
and establish as well ~ alter and
amend any and all bylaws rules AMI
regulations necessary and proper ana
| in its judgment for The conduct, sup
| port and management 1T the business
and affairs of sal corporation, and
shall appoint such Offices, agenls,
employees, servants and clerks az
may be necessary for The ror.iucting
| of the business IT this corporation;
they shall fix their compensation and
have the right to dismiss them 1T
| pleasure.
a director Of this corporation shall
have the right to vote by general
proxy on ell questions Of admin
istration, such as the manner Vt
conducting the business IT the
corporation but in case the corpora
ton desires to exercise It's corpor-
| ate powers through the Board Of
| Directots, by sellin or mortgaging
|nny Of It's plants, the directors can
| 3n1y vote BY proxy where the proxy