New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-02-06
CHART IN.
States of America, State of Louisiana,
Parish ne Thavia

dred and Twenty Eighth before me, l.. o
Hacker, a Notary Public duly commissioned ant
Louisiana, therein residing. and in the presenc,
Of the witnesses hereinafter named and under
signed; personally came and appeared the severa
persons who SO names are herernto subscribed al
of lawful age and residing In said Parish of ibe
ria, who severnlly declared that; availing them
| selves of the provisions of the Law and of the
\ Constitution of the State of Louisiana, relating
TO the formation and organization of corporations
and especially of Act 80, Of Eighteen Hundred
aud Eighty Eight of the General Assembly OF the
state of Louisiana they have contracted and
agreed and they do hereby bind thems elves ms vel
"a all such persons as may hereafter become
sociated with them, to form aud constitute cor
poration limited. and body polite In law for the
objects and purposes, and under the agreements
and stipulations following
ARTICLE l.
The name and title of this corporation shall be
| SMITH. DEBLANC 4 SUBERB[ELLE. Lint
ted Ky this name the Corporation shall have the
power to exist for period of ninety nine years
sued to purchase, hold, sell lease mortgage and
pledge real estate and personal property; 10 sp.
point such directors, officers and agents the In
terests and conveniences of this corporation may
require and generally to do all acts necessary and
cosvenent or in amy manner appropriate for the
accomplishment of the purposes herein stated
ARTICLE III.
The demice of this corporation shall be- The
city of New iberia, State of Louisiana, Parish Of
| Iberia Citation and other legal process shall be
| served upon the president of this corporation at
absence upon the Vice President
| ARTICLE Ill
The purposes for which this corporation is es
| tablished and the nature Of the business 10 be
carried on by 1t, declared to be- the purchase
| and sale, wholesale and retail of dry goods no.
tions house furnishing goods house supplies
sundries and general merchandise as generally
| carried on In the mercantile business; and to
| to those ends, to purchase, use, lease mortgage,
pledge, or otherwise acquire or sell real or per.
sonal property, and generally to do all acts and
enter into all contracts that may be Necessary for
| the accomplishment of the aforesaid purpose; to
represent others rs agents or otherwise in the
same or similar lines of business
| ARTICLE ".
| The capital of this corporation Is fixed at One
Hundred Thousand Dollars, divided into, and
represented by one thousand shares of the par
value of one hundred dollars each. No certificate
of stock shall be issued until the shall have
been psid in full in cash property, or such other
mine. The stock shall be evidenced by certificates
| issued and signed by such officers of this
corporation as the Board of Directors may deslg
nate and shall be transferable only the books
of this corporation. No transfer of stock shall be
made on said books, If the holder thereof is in
debted to this corporation. until such debt shall
| have been paid and liquidated Should any stock
holder desire to sell his stock, he shall before
offering same for sale, give notice thereof to the
Board of Directors who shall call a meeting of
the stock holders of this corporation within ten
days from the receipt of said notice, and should
| the said stockholders desire to purchase said
offered stocks they " III be entitled to an option
meeting for the purchase of said stocks at the
last preceding inventory value of said stocks IL
| the said stockholders should then become the
purchasers of said stocks, they shall have the
right to dispose of same as the majority Of said
Board of Directors might determine
ARTICLE V.
The corporate powers of this corporation shall
be vested In Board OF Directors composed of
three stockholders elected by majority of the
stockholders thereof at an election to be held
therefor, on the first Monday of March each year
n q n m q N 10 mr. pnuva
lent, who shall hold Office for the term of one
year continue In Office until their successors
shall have been elected and indicted into office.
In of failure to elect said Directors on the
day hereinabove fixed, or on such other day ms
may have been decided upon this corporation
shall not be dissolved, but the incumbent Direc-
tors shall continue in office, until succeeded by
subsequent election hereinaboye declared
The first Board of Directors shall be elected by
the stockholders Immediately upon signing of
this act and without other formaities, II any
member members of the Board of Directors
should die during bis, or their term of office, his,
or their executor. administrator, or other legal
representative shall Immediately become mem.
Der of said Board of Directors, or may designate
in writing, some agent. to act as such member or
members until the next election of Directors
ARTICLE vi.
The Board of Directors shall have power to fiji
all vacancies, except stipulated In Article V,
occurring from any cause in the Offices Of this
poraton The Board of Directors shall have
power to make adopt, or change. alter, amend,
or repeal, all such rules and regulations for the
conduct and management and business of this
point rom time H 70 time. such pfters clerks.
agents, and other employees rs they may deem
proper and convenient and the same to dismiss at
pleasure to make general and special provisions
Tor the filling Of any Offices during temporary or
inability to act. To borrow money; and II do all
acts pertinent to the objects and purposes of this
az ana IN ,s st r
through such officers agents as il may appoint
with general or special authority. Amy member
proxy, and majority Of the Board in number
shall constitute quorum at ell meetings of the
Board All salaries shall be fixed by the Board
of Directors: and It shall be vested with author
ity TO employ and to discharge employees as it
may see fit. All questions arising before said
Beard shall be decided BY majority vote of the |
members present, each member having vote In
his capacity assnember of said Board, bnt not n.
second vote when there shall be a tie.
ARTICLE VII.
The officers of this corporation shall consist of
president and vice president, elected from the
Board of Directors, also secretary and treasu.
rer, which may be combined in the same person,
elected by the Board of Directors at their first
meeting after their election. The officers thus
elected shall serve above provided. The duties
of the president and vice president the secretary
and treasurer, shall be the regular duties usually
performed by such officers and such special duties
Is the Board of DIRECTORS may designate
ARTICLE Viii
The annual meeting Of the Stockholders of this
corporation shall be held on the first Monday of
March OF each year, at the Office of said corpora
ton, notice whereof shall be given at least ten
days In advance. Special meetings may be called
be e Of
by majority of the stockholders Of this corpora
tion. The regular meetings of the Board Of Di-
day of each month. Special may be held at such
time may be designated by the officer calling
all said meetings to be held at the Office Of
said corporation unless otherwise consented to
for obvious reasons by the members of said
Board
ARTICLE TX
At Its dissolution, whether by liquidation from
whatever cause the affairs Of this corporation
shall be liquidated by one or more commissioners,
elected by majority Of the stockholders of the
corporation at meeting held for that purpose,
ten days previous notice In writing being given to
each stakeholder. Said commissioners to remain
In Office uutil the affairs of said corporation shall
have been finally liquidated and should a va
Allied by vote of the majority of the stock
holders. The compensation for said commission
shall be fixed by the stockholders ut the time
of ne election of said commissioners.
ARTICLE X.
Ten days written notice delivered In person or
mailed to each stakeholder, addressed to him at
in advance of every meeting Of the stockholders
provided In this charter but ssid notice may be
waived by the unanimous. consent Of said stock
holders, expressed In writing before the meeting,
or NJ 'ne 'nes''ps A sRfaf shlas9
This corporation shall when one hundred shares |
thereof shall have been subscribed, commence
business
ARTICLE XII.
Each stakeholder shall be entitled 10 one vote |
for every share of stock held by him In the cleo |
ton for Board OF Directors.
- ARTICLE XIII.
No stakeholder Of this corporation shall be held |
liable responsible for Its contracts or faults in |
any further sum than the unpaid balance due |
on the share of stock held by him; nor shall any |
in the organization of this corpora
ton have the effect OF rendering this charter null;
or Of exposing any shareholder tn any liability |
beyond the amount of his stock.
ARTICLE XIV.
This act OF Incorporation may be changed, mod
flied or altered by a majority In amount Of the
capital stock, expressed at 4 meeting specially |
after ten days written notlse given as above pro-
vided, however, that any change alteration, dis.
solution, or liquidation may be accomplished i'm
and without formslity by the unsni-
nous, written consent Of all the stockholders.
Any change In reference to the increase of the
capital stock. which Is herein provided for and
TOT shall be made In the manner pro-
vided by law.
Thus done, passed, consented, and signed, at my
once In the City of New Iberia, Parish of Iberia,
State OF Louisiana, on this day, month and year
first above wristen, In the presence Of Messrs.
Walter lsaperouse and Donald Mesiayer, good and
witnesses, of lawful age, residing In
This parish to me well known, who with parties
and signers 10 this act of Incorporation have
signed these presents with and before the un
whole
Signed;
H. L. SMITH,
A. A. DET}IANC