The weekly Iberian. (New Iberia, La.) 1894-1946, 1922-04-29

transfer of his stock in violation OF
this provision; and this company
shall be under no obligation to list
said stock on it's books, or to regard
the holder of the certificate thereof.
ARTICLE VII.
The corporate powers Of this cor
poration shall be vested in and ex-
ercised by Board Of Directors
composed of four stockholders, three
Of whom shall constitute quorum
for the transaction of business. but
the said Board Of Directors may be
increased to five, by majority vote
of the outstanding stock at any an
| nual meeting, or at any speclai
meeting of the stockholders called
for that purpose, and without the
| necessity of any further amendment
or alteration of this charter.
The Directors of this corporation
may vote in person or by proxy at
any of the meetings Of the Board OF
Directors, and the Board OF Direc-
tors may delegate any Of it's powers
to any officer or officers. or any
other representative Of the company,
by appropriate resolution to that ef-
feet.
The first Board Of Directors shall
be composed of the following: Charles
Boldt, Max Zimmerman. Lawrence
Schwabacher, Jake Levy; with:
Charles Boldt, President; Max Zlm-
norman, Vice-President; Lawrence
Schwabacher, Secretary-Treasurer;
and they shall serve until the second
Monday in March, 1923, or until
their successors are duly elected and
qualified. The Directors shall be
elected annually at meeting held
on the second Monday Of March OF
each year thereafter, notice OF such
meeting being given according to
law, and the Board Of Directors may
change the date Of said annual meet
ing by written notice to that effect,
sent at least fifteen days before date
to which meeting has been changed.
directed to each of the stockholders
at his last known place of residence.
Each stakeholder shall at such an
nual meeting or other meeting. gen.
eral or special, be entitled, in per
son or by proxy, to one vote Tor
every share of stock owned. The cleo
ton shall be held under such rules
and regulations as may be from time
to time determined by the Board OF
Directors. The Directors. when elect
ed, shall hold office for one year, or
until their successors have been
elected and qualified. and failure to
hold the annual meeting Of stock
holders or to elect annually the d.
rectors shall not operate the fore
fixture of this charter or any Of the
rights Hereunder. Any vacancies oc-
curing in the Board of Directors
may be filled by the directors for
the unexpired term.
ARTICLE VIII.
This charter or act of incorpora-
ton may be changed, modified, alter
ed, or amended by and with the con-
sent of two-thirds of all stock pres
ent at any meeting general or spe-
cial held for that purpose, and such
amendment may be material or i'm
material, subject only to the limita-
tions as may be by law provided;
and this corporation shall have pow
err to increase its capital stock as
hereinbefore set out, and to decrease
it's capital stock as provided by law;
and any increase Of capital stock in
excess Of the amount named herein
as the amount to which the capital
stock may be increased may be made
by three-fourths vote Of all out
standing stock.
ARTICLE TX.
Notice of any and all meetings,
except as otherwise provided in this
charter, shall be given in the man.
ner provided in giving notices in
case Of elections, under the law, un-
less such notice shall have been
waived
In case of the dissolution, liquida-
ton or termination of this charter
by limitation or otherwise, the at
fairs Of this corporation shall be
liquidated by one or more liquidators
elected by the stockholders, who may
provide the number Of said liquida-
tors. and vest them with such auth
ority as may be by law permitted,
and fix the terms and conditions up
on which they shall serve, and their
compensation, and provide that in
case of the death or disability of
any one of the said liquidators, the
remaining liquidators may fill the
vacancy or continue to act on behalf
of the corporation.
ARTICLE X.
No stockholders of this corpora
ton shall be liable or responsible
for any costs, contracts, debts or
faults of this company or any Of its |
officers, nor shall any mere inform
atty in organization have the effect |
of rendering this charter null and
void, or of exposing q stakeholder to
any liability beyond the unpaid bal |
opco I,,o On thu ufocL ho1I hv h;vvn
ARTICLE XII.
The subscribers hereto. either in |
person or through their duly con-
stituted agents and attorneys in |
fact, which power Of attorney are
hereto attached to this act, and made |
a part Of it, and on file and Of rec
ord in the notarial records Of the |
undersigned notary, have written OPP
posite their names the number Of |
shares subscribed to by each Of
them and their post office addresses,
SO that this charter may serve as . |
subscription list Of the corporation;
all Of which subscriptions are pay
able in the manner and form set out |
herein.
THUS DONE AND PASSED, at
my office, in the City Of New Or
leans, on the day, month and year
herein first above written, and in the
presence Of J. M. Sour and Paul E.
Chasez, competent witnesses, who
have hereunto signed their names,
together with the said aDDe0rers and