New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-07-03
Shares

J. Emile Verret, Morbihan P. O., La. 100
; Richard A. Snow, New Orleans, La 100
/ Porteus X. Burke New Iberia, La 900
Henry N. Pharr, Olivier P O., La. 400
Juo. A, Pharr, Berwick La.........1 100
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
| 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 President and a Vice
President and there shall also be elected
a Secretary, aud a Treasurer of the said
corporation who need not be stockholders
or directors therein. The following per
sons, each Ct 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 Isl
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 Thirty five per
cent. of the outstanding stock after
notice as aforesaid. &. -
The Board of Directors shall appoint
i stakeholder to act as commissioner at
elections of Board of Directors, and in
he event of said commissioner failing to
De present at the time fixed for a meet
ng, the President shall appoint another
tockholder in his stead.
Failure from any cause to elect drec-
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
UGH event, the President shall cause
mother election to be held within thirty
ays and at date and hour named by
i'm, giving the notice to the stockhold-
rs as required by law.
AT every election and meeting each
tockhoder shall be entitled to one vote
or each share of the capital stock of the
orporstion standing in his name, and he
nay vote such stock by written proxy
iyen 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
ect the person or persons for whom
1ey have been cast.
Article VI.
The Board of Directors shall frame and
dept bylaws and rules and regulations
the affairs and business of the corpora
on may require and as it may deem
ecessary for the conduct and manage
tent thereof, provided the same shall
OF conflict with this charter, or with the
ws of this State, and of the United
tates. It shall appoint such agents, en-
ovees and clerks as it may deem
roper fixing their compensation and
nm of service and dismiss them at
easure. It shall have the right to fix
Id determine the salaries of the several
fcers and employees herein provided
T. Any directors may appoint another
rector or shareholder to act and vote
T him on all matters coming before any
Getting of the Board.
Article VII.
No shareholder shall ever be held liable
responsible for the contracts or faults
this corporation in any further sum
en- the amount Of his indebtedness to
e corporation, nor shall any mere
formality in organization have the eff
ct of rendering this act null or of ex-
,sing any shareholder to any liability
,yond the amount of his or her share
Article VIII.
This corpora ton shall have, enjoy and
ercise all the rights, privileges and i'm
unities granted in Act 267 enacted by
e General Assembly of the State of
ouisiana in the year 1914 and tkis
1arter may be changed, altered or an
llled or the corporation dissolved I'M
II the terms and conditions and in ac-
rdance with said Act No. 267.
Thus done and passed at my office in
e City of New Iberia, Parish of Iberia,
.ate of Louisiana, on the day, month
Id year first above written in the pres
&c Of Marcus DeBlanc and Anita Mou.
It witnesses, who have signed as such
It'll said appearers and me, Notary,
ter due reading Of the whole.
Alphonse A. Theriot, $50 shares.
Ernest r. Theriot, 50 shares.
Richard A. Snow, 100 shares
per A, A. Theriot.
J. Emile Verret, 100 shares
neY A Theriot