The weekly Iberian. (New Iberia, La.) 1894-1946, 1922-05-06

this provisions; and this company
shall lie 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 III and eX-
ercisrj by a 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 q majority vote
Of the outstanding stock at any an
nual meeting, or at any special
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 i'm person or by proxy at
any Of the meetings of the Board OF
Directors. and the Board of Dtrec-
tors may delegate any Of its powers
to any officer or officers, or any
other representative of the company,
by appropriate resolution to that ell
feet.
The first Board of Directors shall
be composed Of the following: Charles
Boldt, MAJ Zimmerman, Lawrence
Schwabachcr. Jake Levy; with;
Charles Boldt. President; Max Iim-
norman, President; Lawrence,
Schwahachcr. Secretary-Trcasurer;
and they shall serve until the second
Monday IN March, 1923. or until
their successors are duly elected and
qualified. The Directors shall b.
elected annually at a 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
inc hv 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 di-
reetors 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 inn
material. subject only to the limita-
tions as may be by law provided; |
and this corporation shall have pow
er 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, UNI |
less such notice shall have been |
waived
In case of the dissolution, licuida- |
ton or termination of this charter
by limitation or otherwise, the af-
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
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
nor shall any mere inform
atty in organization have the effect
of rendering this charter null and
void, or of exposing a stakeholder to
any liability beyond the unpaid bal
ance due on the stock held by him.
ARTICLE XI..
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
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 a
list of the corporations;
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
cans, on the day, month and year
herein first above written, and in the
of J.. NJ Sour and Paul E.
chaser, competent witnesses, who
nave hereunto signed their names,
,ogether with the said appearers and
ne, Notary, after due reading of the
whole.