The weekly Iberian. (New Iberia, La.) 1894-1946, 1920-04-24

Vlce-preSldent ana tnere snail also De
elected secretary-treasurer of the
said corporation who need not be q
stakeholder therein The following
persons each of whom are and who
each declare themselves to be bona
owners Of at least one unpledgeo
share Of stock in this corporation
shall constitute the first Board OF Di-
rectors to-wit:
Emile Feight, whose post office adj
dress is Jeanerette, IBERIA Parish, Lo-
uisiana; Emile Bourc, whose post
Office address is Jeanerette, iberia Par
ish, Louisiana; and j. Oneil Landry
whose post office address is Jeanerette
IBERIA Parish, louisiana
! The said Board of Directors above
named shall continue in Office until
their successors are elected. Each
Board of Directors at the first meet
ing after their election shall elect
officers for the corporation as herein
above provided, who shall likewise
hold office for one year.
The president of this corporation
is hereby declared to be Fred j. Fei-
ght, whose post office address is Jean
erette, Iberia Parish, Louisiana; its
ice-president, Emile Bourg, whose
post office address is Jeanette, Iberia
Parish, louisiana; and It's secretary
treasurer, j. Oneil Landry, whose
post office address is Jeanerette, he
ria Parish, Louisiana.
Notice of stockholders annual meet
ings must be delivered personally or
by depositing same in the postoffce
properly addressed to each stockhod-
er at least ten (10) Gays before such
meeting. Other stockholders meet
ings may be held when ordered by the
Board of Directors, or the holders of
at least thirty-fve percent of the out
standing stock, after notices as afore-
said
The Board of Directors shall APP
point stakeholder to act as COM
missioner at elections of Board of Di-
rectors, and in the event of said com
missioner failing to be present at the
time fixed for meeting, the president
shall appoint another stakeholder in
his stead.
Failure from any cause to elect d.
rectorS on the day named for the pur-
pose will not Dissolve this corporation,
but the directors in office as well as
the other officers of the company shall
hold over until their successors are
chosen. In such event the president
shall cause another election to be held
within thirty days and at date and
hour named by him, giving the not
ice to the stockholders as required by
laws
At every election and meeting each
stakeholder shall! be entitled to one
Unfn fnr noch he e
stock of the corporation standing in
his name, and he may vote such stock
by written proxy to any other person
represent him at such meeting. The
election of directors shall be by bal
lot and the majority of the amount of
votes cast shall elect the person or
ersons for whom they have been cast.
ARTICLE VI.
The Board of Directors shall frame
and adopt such bylaws and rules and
regulations as the affairs and bust
ness Of the corporation may require.
and as it may deem necessary for the
onduct and management thereof; pro-
vided, the same shall not conflict with |
this charter, or with the laws of this |
state and of the United States. 1t !
shall appoint such agents, employees
and clerks as it may deem proper,
liking their compensation and terms
1f service and dismiss them at pleas |
IRE. 1t shall have the right to fix and
determine the salaries of the several |
,fficers. and employees hereinprovided
or. Any director may appoint an
'ther director or shareholder to act I
md vote for him on all matters COM
ng before any meeting of the board.
ARTICLE VII.
No share holder shall ever be held
liable or responsible for the contra
It's or faults of this corporation in
my further sum than the amount of
MS indebtedness to the corporation
Tor shall any mere informality in or
have the effect of render
ng this act null or of exposing any
hareholder to any liability beyond
ne amount of his or her shares.
ARTICLE VIII.
This corporation shall have, enjoy
nd exercise all the rights and priv
eyes and immunities granted in Act
81, enacted by the General Assembly
the State of Louisiana, in the year
914 and this charter may be changed