New Iberia enterprise and independent observer., 1903-05-23
CHARTER OF THN
iberia MERCAMTllEASS0ClATI0N ,lTD.' y
United states Of America, State of Louisiana,

parties whose names are heteunto subscribed, all
af full age who declared that evpiling themselves
Of the provisions OF the laws of this state relative
to and especially of net No 36 ot the
t,eneral Assembly Of icuisana, they have cave.
pantad and agreed. aud hy thcsr present
eo,ppsnt and agree and bind themselves, ne we'll
az ell other persons who may herome associated
with them, to form aud constitute corporation
and body petite ~ law, fpt the purpose aud oh
ieets and un,,er the stipnlatians articles nnd
conditions following te.witi
ARrirtFt
The name aud title OF said corporation shall he
"The Iberia Mercantile Association Limited.
and its domiee Is hereby established et New HE
ria Parish ef lbetin, state of Lonisianai hnu
under its corporate name said corporation shall
have newer and authority to- conrart and he
sued, to make and use corporate seal, AMI the
same tn break and alter Mt pleasure tn hoid, re
eeive have purchase, improve, alienete, convey,
sell, borrow, pledge. mnrtease aud hypotheeate
under Its said corporate name. property, real,
personal, and mixed to name aud appoint suth
officers directors, agents aud managers and em
ployes "a the interest convenience ci the eor.
peration inRy reauirei to mnke and establish by
laws, rules and regulations fot the proper man
aeement Of Its aIats as may be deemed necessary
and proper and the same 10 change aud alter ~
pleasure; aud to do all other acts anh things PET
m tilted by law. or as shall or may he necessary
aud proper to carry out the ohierts aud purposes
OF said corporation.
Said corporation unless seunet Dissolved N ne
co.lanee with its charter, shall sist and continue
for the period of Ninety Nine teol years from
aud after the date hereof
The President and IN his absence the Wen Ptesi
dent or Secretary shall he the proper person nrnn
whom citation nr other legal process shnl' he
served
ARTICLE IL
The objects and purpose Tor which this rot
ppratiun Ia organised, and the nature ot the Dust
ness 10 he carried by H. are hereby declared 10
be the recommendation of funds tct the establish
ment and operation of n general mercantile bnsi
ness 10 purchase, hold own, ot lease such build
ings, lands and other property movable or i'm
movable, as may be consistent With the proper
management aud successful operation of Ute bust
ness,
ARTICLE IL
The capital stock nf this corporation shall he
Twenty Thousand tY2n 600 0ol bollats, " shall
be @ to H" sna bsv wSen s sS"p ACTUALLY
subscribed and paid IN, Said capital stock shall
he divided into -Four Hundred tlhul shares oi
FIFTY 600 eoD Dollars each Payment un shares 20
he Twenty i've ~ 25l cents due aud payable week
ly on each Tuesday nj the cnlce of the SECRETARY.
No shareholder shall he allowed to subscribe to
more than @, shares IN the event that any sna,a M w.,
payment ~ his stock, such stochholder shhll rhy
as a penalty Five 600, cents on eaeh share fn.r
every week he shall be IN sueh arrears % an % N
penalty Of Ten % lOi cents on eseh share.
Any stoehhoder may sell, assign ot transfer his
stock II this ec.por",ien r,nsiaea 'nss " s nao
tpntion to SELL or assign or transfer the same,
and the other Stockholders thereof shall have the
Same, efte, said thirty iso) days notice the
stock shall be sold IN open market.
The transfer Of the said stock Of this corpora
tloh under the above eonni'iens sha'i we mae ~,
book Of the corporation, at its Office nh;l ~ tue
surrender of the certi6ente therefor, No transfer
OF any fraettcn.l paft ei y sha,e % shn,' ae maue
much stock shall be issued.
ARTICLE y.
The corporate power q TINS eo,pntsa,"a shel
be vested IN anu esefeiseu " .ear""t s,tF,m :,
Directors consisting e President, Nee Ptesi
dent, Secretary, anu ifeasut,ef W." NY a,n T. y.
Stockholders. Four ta, mempefs =, s"s sn,u noa,a @
their decisions shall be valid corporate acts
The following persons shaii ro'mIese we hts'
Board of Direetofsi " " ~ ,bi
William ". poufiss Uuope'' w. ~ ''''o''
q, NJ Brown, and John bouttes A.. ... =
No person sne'i ne e,s,9ls vs. a,u. M, ,'a1i y, M u
aeet who " ngt stoeshV,ueft t, W. ,s H., Vna
During the sRsenee ~ as,,,a wy 'es'""'' 'i''
Said Hoard SHAH continue MA " oniue nht' n ~ w
Hecond Monday 10 Febvu"fy asv "n WIZ m'.aa un.e
and tneren,.ea M % anh"a mlsss t,s sa,ns sba, s he
day when the eeetlon sha,' pe ea ~ on We ega
day thereafter N9tiee ~ SAN e,s.,Yn snai. We
given IN Writing & ~ 1esI. s,sa,, em se,n,s fra
any cause whatever " elect u'f9s'ofs op @ W. oay
named for that rntpose, snal NV "issn'ee sn,N
the eotporaton but we p',sr,oas ,, ,nan ~
~ well As the officers NJ the saio eotpo'a,oh S's
hold over until ther suseessor5 ate chosen. IN
such event the President shnl, eail nhnhef eeeion
to be held within thirty .so "aaJ sna a. sna gian
and meeting each stoehhaiaef sha,. es
entitled TO vnte Tor each snefe ~ stoeh w
In his name and tnsy vote py pfosy, ne ne eaee
tlon of Directors shnl ee ny nao., ena 'ns mn y,
votes east, each share q stock voted upon to be be
eyuntea LOT ohs hs,, ha,s n.ar rost Ate, saeb
.,l wno'n wy, na.sa shs,i eant from their own
numbers the officers Of the said corporation
rha ua.,a NJ p,yertors shail have fni pswer to
me ~ t,,s,s ,,,,nha, caused bs Jantb se
sisas,lga - cthsrsl.s, from among the stoehhc'a
& sa u"sa shall have full cont ro Of the PRO
Inc ss'a t,s s,""ratiSc aud shell a. conduct
%sssss aud use M .ans ss II their 4. discretion ,,
Of hs Or ayssev sss % %
frame frame aud adopt BY laws. rules and regulations as
the aualfs ena n ,.."assnsv rap ,hs nanrst,np
yulre ns !. may eess sssnf =, ny,e hat the sa,ne
az "u not sonet With this charter or With ,he laws
states. Inc n.,s.asv unssa a. a,bep nepntatle
"snsy. aud make ai contracts that may be neces
ssry ~ ~ ~ ia ,,osYt ths, shn, aya powe,
tne .,'as,.asa ~ isasr nty and Mi prpperty
,"nsshis snS i,nmoyebip, rights, credits and
movsy.e at,s MI ~ tha ro,no,ai,nn Withant rn
s, u.ses ~ sEa shnrshaidets 10, powey to do sn
mn IA " mcsra sHni elect nrappont aaerptnrs
and ns other is sasS % oieers aud employees as IL may
ueem ssHvssn ~ sa..t,au AZ tI,ur ro,n men satian
ness ., ~ sns VIII the risht 10 dismiss them II
@ sefm nssSs =, ei,ss,re and said Board shall nav,
the r,gh. a. ~ M sma asr"yes no heyeia proyat
sssef"' '"'ee' '"a
'or. Aarichs vi
Shareholders may pledge their stoeh o. \, for an
loans or advances thNt might ve naue " 'heni ans
In default Oh payment q sau .ass =. ~ W.
shall be liable for same. whlrl loans nre =
be taken from the wishn,"' s. - l., vi ~ sn" s ~