New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-06-26
Shares

Richard a. Snow, New Orleans, La. lUU
Porteus r. Burke, New Iberia, La. 600
Henry N. Pharr, Olivier P. O., La. 400
Jno. A. Pharr, Berwick, La...... 100
Eugene A. Pharr Berwick La.... 100
Article V,
The corporate powers of this corpora
ton shall be exercised by a Board of
Six directors who shall be stockholders
in this corporation and who shall be
elected by the stockholders annually at
general meeting to be held on the sec
ond Tuesday of June and the said Board
shall have and is hereby vested with all
the corporate powers of this corporation
subject only to such restrictions as may
be herein mentioned.
From the said directors, there shall be
elected annually President and Vice
President and there shall also be elected
a Secretary, and Treasurer of the said
corporation who need not be stockholders
or directors therein. The following per-
sons, each OF whom are and who each
declare themselves to be bona fide own
ers of at least one unpledged share in
this corporation, shall constitute the
first board of directors, to-wit: AL
honse A. Theriot, Richard A. Snow, J..
Emile Verret, Henry N. Pharr, Eugene
A. Pharr and Porteus R. Burke.
The said Board of Directors above
named shall continue in office until their
successors are elected. Each board of
directors, at the first meeting after their
election, shall elect officers for the cor
poration as hereinabove provided, who
shall likewise hold office for one year
The President of this corporation is A.
A. Theriot, whose post office address IS
New Iberia, La, its Vice President, ].
Emile Verret, Morbihan P. O., La, its
Treasurer, Henry N. Pharr, Olivier P.
o., La, and its Secretary Porteus r.
Burke, New Iberia, La.
Notice of stockholders annual meet
ing must be delivered personally or by
depositing same in the Post Office prop
erly addressed to each stakeholder at
least fifteen days before such meeting
Other stockholders meeting may be held
when ordered by the Board of Directors,
or the holders of at least Thirty-five per
cent. of the outstanding stock after
notice as aforesaid.
The Board of Directors shall appoint
a stakeholder to act as commissioner at
elections of Board of Directors, and in
the event of said commissioner failing to
be present at the time fixed for meet
ng, the President shall appoint another
stakeholder in his stead.
Failure from any cause to elect diree-
.ors on the day named for the purpose,
will not dissolve this corporation, but
he directors in office, as well as the
,ther officers of the Company, shall hold
,ver until their successors are chosen. In
such event, the President shall cause
mother election to be held within thirty
lays and at date and hour named by
lin, giving the notice to the stockhold-
rs as required by law.
At every election and meeting each
tockholder shall be entitled to one vote
or each share of the capital stock of the
corporation standing in his name, and he
nay vote such stock by written proxy
,iven to any other person to represent
i'm at such meeting. The election of
irectors shall be by ballot and the ma
ority of the amount of votes cast shall
lect the person or persons for whom
hey have been cast.
Article VI.
The Board of Directors shall frame and
dept bylaws and rules and regulations
S the affairs and business of the corpora
ION may require and as it may deem
ecessary for the conduct and manage
nent thereof, provided the same shall
ot conflict with this charter, or with the
Avs of this State, and of the United
tates. It shall appoint such agents, en-
lovees and clerks as it may deem
roper, fixing their compensation and
erm of service and dismiss them at
leasure. It shall have the right to fix
nd determine the salaries of the several
Ulcers and employees herein provided
Or. Any directors may appoint another
irector or shareholder to act and vote
Or him on all matters coming before any
1eeting of the Board.
Article VII.
No shareholder shall ever be held liable
r responsible for the contracts or faults
f this corporation in any further sum
be corporation, nor, shall any mere
1formality in organization have the eff
ect of rendering this act null or of ex-
osing any shareholder to any liability
eyond the amount of his or her share.
Article Will
This corpora ton shall have, enjoy and
xerc:se all the rights, privileges and inn
nunities granted in Act 267 enacted by
be General Assembly of the State of
.ouisiana in the year 1914 and tLis
,harter may be changed, altered or an
ulled, or the corporation dissolved I'M
er the terms and conditions and in ac-
ordance with said Act No. 267.
Thus done and passed at my office in
he City of New Iberia, Parish Of Iberia,
tate of Louisiana, on the day, month
nd year first above written in the pres
nee of Marcus DeBlanc and Anita Mou-
lot witnesses, who have signed az such
With said appearers and me, Notary.
fter due reading of the whole.
Alphonse A. Theriot, $50 shares.
Ernest R. lTheriot, so shares.
Richard A. Snow, 100 shares.
per A. A. Theriot.
]. Emile Verret, 100 shares.
per A. A. Theriot.
H n. PhaI, 400 shares.
]. A. Pharr, 100 shares.