New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-06-12

Aipnonse A. Theriot, New iberia. Il AR
Ernest K. Theriot, Ashton, P. O. Ia q
!. Emile Verret, Morbihan P. O La 1or
nlchard A. Snow, New Orleans, La. 1oC
rorteus R. Burke, New Iberia, La 6oT
Henry N. Pharr, Olivier P. O., La. 4OO
r yno A. Pharr, Berwick, La. Ion
Eugene A. Pharr Berwick La. ion
Article v,
The corporate powers of this cornoy.-
non shall be exercised by a Board of
Dix 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 NAV
be herein mentioned.
From the said directors, there shall be
elected annually President and a Vice
President and there shall also be elected
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, ].
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 al
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 Thirtyf five pei
cent of the outstanding stock after
notice as aforesaid.
The Board of Directors shall appoint
a stakeholder to act as commissioner al
elections of Board of Directors, and II
the event of said commissioner failing tc
be present at the time fixed for meet
ing, the President shall appoint another
stakeholder in his stead.
Failure from any cause to elect direc-
tors on the day named for the purpose
will not dissolve this corporation, bu'
the directors in office, as well as tht
other officers of the Company, shall hole
over until their successors are chosen. Ii
such event, the President shall Gauss
another election to be held within thirty
days and at date and hour named BY
him, giving the notice to the stockhold-
ers as required by law.
At every election and meeting eacl
stakeholder shall be entitled to one VOTE
for each share of the capital stock of th'
corporation standing in his name, and hi
may vote such stock by written proxy
given to any other person to represent
him at such meeting. The election O.
directors shall be by ballot and the ma
iority of the amount of votes cast shall
elect the person or persons for whom
they have been cast.
Article vi.
The Board Of Directors shall frame anc
adopt bylaws and rules and regulation:
as the affairs and business of the corpora
ton may require and as it may deem
necessary for the conduct and manage
ment thereof, provided the same shall
not conflict with this charter, or with thu
laws of this State, and of the United
States. It shall appoint such agents, EN-
ployees and clerks as it may deem
proper, fixing their compensation anc
term of service and dismiss them a
pleasure. It shall have the right to fl,
and determine the salaries of the severa
officers and employees herein provided
for. Any directors may appoint anothel
director or shareholder to act andmvots
for him on all matters coming before any
meeting of the Board.
Article VII.
No shareholder shall ever be held liable
or responsible for the contracts or fault!
of this corporation in any further sun
then the amount of his Indebtedness t.
the corporation, nor, shall any mer'
informality in organization have the eff
feet of rendering this act null or of ex
posing any shareholder to any liabilit.
beyond the amount of his or her share.
Article Will
This corporation shall have, enjoy ant
exercise all the rights, privileges and i'm
munities granted in Act 267 enacted b,
the General Assembly of the State o
Louisiana in the year 1914 and tiki
Charter may be changed, altered or an
nulled, or the corporation dissolved IN
der the terms and conditions and in &C
cordance with said Act No. 267.
Thus done and passed at my office ii
the City Of New Iberia, Parish of iberia
State of Louisiana, on the day, montl
and year first above written in the pres
ence of Marcus DeBlanc and Anita Mou
hot witnesses, who have signed as sucl
with said appearers and me, Notary
after due reading of the whole.
Alphonse A. Theriot, $50 shares.
Ernest r. Theriot, so shares.
Richard A. Snow, 100 shares.