New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-07-17
Shares


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 "
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
a 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 a President and a 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
poraton 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, j.
Emile Verret, Morbihan P o., La, its
Treasurer, Henry N. Pharr, Olivier P.
O., La, and its Secretary Porteus K.
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 Thirtyfiv 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 a 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, but
the directors in office, as we'll as the
other officers of the Company, shall hold
~ Al. T..
such event, the President shall cause
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 each
stakeholder shall be entitled to one vote
for each share of the capital stock Of the
corporation standing in his name, and he
may vote such stock by written proxy
given TO any other person to represent
him at such meeting. The election of
directors shall be by ballot and the ma
jority 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 and
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 the
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 and
term of service and dismiss them at
pleasure. 1t shall have the right to fix
and determine the salaries Of the several
officers and employees herein provided
for. Amy directors may appoint another
director or shareholder to act and vote
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 faults
of this corporation in any further sum
then the amount of his indebtedness TO
the corporation, nor, shall any mere
informality in organization have the eff
feet Of rendering this act null or Of ex-
posing any shareholder to any liability
beyond the amount of his or her share.
Article VIII
This corporation shall have, enjoy and
exercise all the rights, privileges and inn
munities granted in Act 267 enacted by
the General Assembly of the State of
Louisiana in the year 1914 and tLis
Charter may be changed, altered or an
nulled, or the corporation dissolved un-
der the terms and conditions and in ae-
cordance with said Act No. 267.
Thus done and passed at my office in
the City of New iberia, Parish of Iberia,
State Of Louisiana, on the day, month
and year first above written in the pres
ence of Marcus DeBlanc and Anita Mou.
hot witnesses, who have signed as such
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.
per A. A. Theriot.
J. Emile Verret, 100 shares.
per A. A. Theriot.
H N. Pharr, 400 shares.
J. A. Pbarr, 100 shares.
per II N Pharr