The weekly Iberian. (New Iberia, La.) 1894-1946, 1922-07-22

each wear, of which said election tif-
teen days notice shall be given prior
thereto by written notices sent by
mail to each of the stockholders, at
least fifteen days prior to said cleo
ton. Each stakeholder shall be enti,
tied to as many votes as he snail
have shares of stock, which may De
cast in person or by proxy, ana
majority of all votes cast shall elect
and in case of a tie vote in any OF
said elections, or in any other Dusl-
ness matter or controversy arising
at any meeting or meetings Of the
stockholders or of the Board OF d.
rectors, the deciding vote shall be
east by the President A failure to
elect directors on the date above spe-
cited shall not have the effect OF dis
solving this corporation but the IN
cumbent directors or officers shall, IN
such event, hold office until their
successors shall be elected and quail
fed until meeting held after notice
duly given as above prescribed. Any
vacancies occurring in the Board OF
Directors shall be filled from the
stockholders by the remaining Board
of Directors.
ARTICLE 6.
The officers of this corporation
shall consist of a President, Vice
President, and Sccretary-T Treasurer.
The office of Secretary and Treasur
err may be held by one and the same
person, as decided upon by the Board
of Directors. The said officers shall
be elected by the Board of Directors
at the same time that the Board of
Directors are elected, and the Off
GERS thus elected shall have the pow
err to employ such clerks, bookkeep-
ers, agents and employees as are
necessary for the business of said
corporation, and to fix the salaries
for same. For the present and until
an election is held for the purpose of
electing a Board Of Directors and
officers as provided in Article Five,
hereof, the following stockholders
shall constitute the first Board OF
Directors and officers, to-wit: w. L.
Colvin, President, Pascal Macaione.
,, Vice President, and Berthold Calm,
Treasurer, and they shall
continue in office until their success
ors shall have been elected and in
stalled in office.
ARTICLE 7.
All transfers of stock of this cor
| poration must be made upon the sur
render Of the certificate of stock and
| by and under the direction of the
| Secretary of this Corporation. Any
stakeholder desiring to sell his stock
must first offer the same to the Pres
ident of said corporation, who shall
have the option of purchasing the
same for the company or for him
self at the price fixed by the owner
thereof, and he shall have ten-day
option in which to purchase same,
and upon his failure to do SO, then
the party holding said stock for sale
will have the right to sell the same
to any one desiring to purchase the
said stock All such stock shall have
printed upon its face Transferred to
persons not originally members of
said corporation, only upon condi-
tions named in Article Seven Of the
Charter of said Company"
No stakeholder shall ever be held
liable or responsible for the obliga
tions, contracts or debts of this cor
poration in any farther sum than
the unpaid balance due on the sub
scription of the shares of stock held
by him, nor shall any informality in
organization have the effect of rend-
ering this charter null.
ARTICLE 8.
This Charter may be amended, al
tered or modified or the corporation
dissolved by vote Of two thirds Of
it's capital stock, represented at a
meeting called for that purpose, Of
which meeting thirty days notice
shall be given by publication, and
written or printed notices in the
manner mentioned for other meetings
ARTICLE 9.
Whenever this corporation shall
be Dissolved by limitation of its char
ter or otherwise, it's affairs shall be
| liquidated by three commissioners to
be elected at meeting called for
that purpose, after the service and
publication of the notice required in
Article Eight of this Charter. Such
commissioners shall remain in office
until the affairs are entirely liquida-
ted, and in case of the death Of a
commissioner, the place thereof shall
be filled by an election Of the stock
holders in the manner aforesaid; but
the election shall not last. nor a
commissioner remain in Office for q
longer period than one year.
So that this Charter shall serve
also the purpose of and as a sub
scription list, the undersigned organ
izers of this corporation have res
pectfully subscribed for stock there
in in the number Of shares and
amounts respective set opposite their
signatures hereto.
Thus done and signed at my office
/ in the Town of Jeanerette, Iberia
Parish, Louisiana, on this 9Th day
of June, 1922, in the presence Of l..
NJ. Andre and A. M. Andre, two
competent witnesses who sign these
presents with said appearers and
ME, said Notary, after due reading
of the whole.
w. L.. Colvin. 80 shares
b. Cann % SnareS
Pascal Macaione ...........5 shares
Witnesses:
L. M. ANDRE,
A. M. ANDRE.
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