The weekly Iberian. (New Iberia, La.) 1894-1946, 1900-11-24
CHARTER.
United States of America, State OF
Louisiana, City of New Iberia.

he It known, That on this LIST
day of November. A. D., 1900, be-
fore me, Louis L. Dulany, Notary
Public, duly commissioned and
qualified, in and for the Parish of
Iberia, therein residing. personally
came and appt ared
The persons whose names are
hereunto subscribed, who declared
that, awaiting themselves of the
provisions of the general laws OF
this State relative to the organIza-
ton of corporations, they have
covenanted and agreed, and do by
these presents covenant and agree:
bind, form and consulate them
selves as we'll as such persons as
may hereafter JOIN or become asso-
GATED with them, into corporation
and body polite IN law, for the
objects and purposes and under the
agreements and stipulations follow
ing, towit
ARTICLE |.
he name and title Of this cor
poratIon shall be the "DAVIS Il
SCHARFF GROCERY COM
PANY, LIMITED" and under
that name it shall have and enjoy
all the rights and privileges granted
by law to corporations; IT shall
exist for a period of ninety nine
years from this date; it shall have
power TO contract, sue and be sued
III Its corporate name; to make and
use corporate seal; to hold. con-
vey, mortgage, hypothecate or
pledge property both real and
personal; issue bond, notes and
other obligations; to have and en-
ploy such managers, officers, d,rec-
tors and other agents and employees
as the interest and convenience of
the said corporation may require,
and to make and establish bylaws.
rules and regulations for the proper
management and control Of the
affairs Of said corporation
as may be necessary and expe-
dent.
ARTICLE 2.
The domlc,le of.this corpora ton
shall be III the city Of New iberia,
Parish of Iberia, IN this State, and
all citations and other legal process
shall be served on 1.-The President,
and IN his absence on the Vice
President, and IN the absence Of
both upon the Secretary and Treas
urer IT said company.
ARTICLE 3.
The objects and purposes of this
corporation ami the nature of the
business to be carried on by it are
hereby declared to be. to deal III and
sell for It's own account or on COM
mission. groceries, provisions and
other merchandise.
ARTICLE 4.
The capital stock of this corpora.
ton is hereby fixed at the sum Of
Seventeen thousand and FIVE Hun
died Dollars, divided into IT'S
shares OF One Hundred Dollars each
which sad amount is the par value
OF each share, which shall be paid
tor in cash when subscribed for
or its equivalent In goods and
merchandise. as the Board Of Dlrec-
tors may direct. Which capital
stock may be increased 10 sum
not exceeding Fifty Thousand
Dollars, by vote Of two-thlrds Of
the stock present or represented at a
meeting called specially for that
purpose in the manner pointed out
by law; during the period between
the call for meeting and the meet
ing, the persons holding stock at
the time shall have the right to take
shares OF the additional or increased
stock ploportlonate to the number
Of shares owned by them respective
ly, and any shares not taken at the
expiration Of said period may be lis
posed of by the Board of Directors
for the benefit of the corporation at
not less than par value; all shares OF
stock shall be full paid and non-
assessable; no transfer of stock shall
be binding on the company unless
recorded on It's looks, and made
in pursuance TITS charter and by
laws. None Of the stockholders shall
have the right to transfer or assign
any Of the shares held by them
without having first offered the
same to the Board OF Directors.
which shall have the right to pur-
chase them within sixty days there
after at their book value, as shown
by the stock taking last preceding
the transfer. The said Board shall
also have the right Of calling IN and
acquiring any of the outstanding
shares at their book value by giving
thirty days written notice to the
stakeholder whose share or shares 1t
il the intention of the said Board to
acquire. All shares purchased BY the
company may be re-issued by 1t al
80 yn~n L. g Il