New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-02-20
CHART EH.
United States of America, State of Louisiana
Parish of Iharia

United States of America State of Louisiana
Parish Of Iberia.
Be 1t known that on this twenty-sixth day OF
January, in the year Of our Lord One Thousand
Nine Hundred and Four; and of the independence
or the United States Of America the One Hun
4 dred and Twenty Eighth before me- L. O.
Hacker, Notary Public duly commissioned and
. sworn in and for tho Parish of Iberia. State OF
, Louisiana, therein residing, and in the presence
{ of the witnesses hereinafter named and under
signed; personally same and appeared the several
I persons VIII. names are hereunto subscribed all
of lawful age and residing in said Parish of ibe
ria. who severally declared that; awaiting them
selves of the provisions of the Law and of the
o. Constitution o. the State of Louisiana relating
to the formation and organization of corpora .ions
= and especially OF Act SO, Of Eighteen H ndrad
and Eighty Eight of the General Assembly of the
! State Of Louisiana, they have contracted and
agreed and they do hereby bind themselves is we'll
II, al such persons AS may hereafter bee as
sociat-d With them to form aud constitute a cor
p'latinn limited and body polite in law for the
objects and purposes, and under the agreements
tni Stipuiatiuns following.
The name and With Of tits corporation shall be
SMITH, DEBLASC SUBERBIELLE, Limi,
ted. Ky this name the Cooperation shall have the
power 10 exist fnr period of ninety nine years
from Nh, date hereof contract sue and be
sued; ".furchast, hold. SELL lease, mortgage and
pledge real estate and personal property; ~ az.
point such dill ectors officers and agents ns the In
terests and convenences Of this corporation M ay
require and generally to do al acts necessary and
cosvenient, or in any manner appropriate for the
accomplishment of the purposes herein stated.
ARTICLE III.
The domicile 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
his office in the City of New Iberia, and in his
absence upon the Vice President
| ARTICLE III
The purposes for which this corporation Is es-
carried on by it, are declared to be- the purchase
and sale, wholesale and retail Of dry goods no.
tons, house furnishing goods, house supplies
sundries and general merchandise as GENERALLY
| carried the mercantile husiuaes. md n
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 as agents or otherwise in the
same or similar lines of business.
| ARTICLE ~.
ing capital OF this corporation is f1ed at One
Hundred Thousand Dollars, divided into and
| value OF one hundred dollars each No certificate
of stock shall be issued until the same shall have
been paid in full in cash, property, such other
equivalent as the Board of Directors may deter.
mine The stock shall be evidenced by certificates
| issued and signed by such officers OF this
corporation as the Board of Directors may desig.
| nate and shall be transferable only on 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 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
offere61stocks, they will be entitled an option
| of thin days from the date of holding Of said
meeting for the purchase of said stocks, at the
last preceding inventory value of said stocks. If
| the said stockholders should then become the |
purchasers of said stocks, they shall have the
right to dispose Of same the majority of said |
Board of Directors might ng;Gt determine
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.
or at such times as may be necessary or conven
lent; who shall hold Office for the term Of one |
year, or continue in Office until their successors
shall have been elected and inducted into Office
In case Of failure to elect said Directors on the
day he ai s hxed or on such other day as
may have been decided upon, this corporation
shall not be dissolved. bat the incumbent Direc.
tors shall continue in Office, until succeeded by
subseqcsnt election hereinabove declared
The first Board of Directors shall be elected by
the stockholders Immediately upon signing Of
this act, and without other formalities. II any
member or members Of the Board of Directors |
should die during his, 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.
The Board of piaeetors s sSall have mower to All
all vacancies, except as stipulated in Article v,
occurring from any cause in the offices Of this cor,
poration. 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
corporation alton as they may deem psopel To
agents, and other employees as they may deem
proper and convenient and the same to dismiss at
ng
inability to act To borrow money; and to do all
acts pertinent to the objects and purposes Of this
q n ae stSsn the
through such officers or agents as 1t may appoint
with general or special authority. Amy member
proxy, and a majority OF the Board in nunber,
shall constitute q quorum at all meetings Of the
Board. All salaries shall be fixed by the Board
ity to employ and to discharge employees as 1t
may see fit. All questions arising before said
Board shall be decided by majority vote of the
his capacity as member Of said Board, but not
second vote when there shall be tie.
ARTICLE VII.
The officers Of this corporation shall consist Of
president and vice president, elected from the
Board of Directors, also q secretary and treasu.
Isr, which may be combined in the same person.
meeting after their election. The officers thus
elected shall serve % above provided. The duties
OF the president and vice president the secretary
performed by such officers and such special duties
as the Board Of Di nE41 may , Designate II
The annual meeting Of the stockholders of this
corporation shall DO held on the first Monday Of
March OF each year, at the office OF said corpora.
days in advance. Special meetings may be called
by the president or In his absence or inability to
act by the viee-president, Or BY petition signed
ton. The regular meetings Of the Board OF Di.
rectors shall be held monthly on the first Wednes-
day of each month. Special may be held at such Z
same all said meetings to b held at the ONCE Of
said corporation unless otherwise consented to
for obvious reasons by the members of said
ARTICLE TX.
At its dissolution, whether by liquidation. or from
whatever cause, the affairs Of this corporation
elected by majority Of the stockholders Of the
corporation at q meeting held for that purpose,
ten days previous notice in writing being gives to
each stakeholder. Said commissioners to remain
IN office until the affairs Of said corporation shall
have been finally liquidated: and should va (
;aney occur in their number said vacancy shall Be
holders The compensation for said commission
srs shall be fixed BY the stockholders at the time
IT the election Of said commissioner
ARTICLE x.
Ten days written notice delivered In person or
nailed to each stakeholder, addressed to him 1T
n advance of every meeting Of the stockhoidsrs
provided in this charter, but said notice may be
waived by the unanimous consent Of said stock
holders, expressed in writing before the meeting
II at the meeting x XesH sailed xr
This corporation shall when one hundred shares
hereof shall have been subscribed, commence ;
business. +
ARTICLE XII.
Each stakeholder shall be entitled to one vote
or every share Of stock held by him In the cleo.
ARTICLE Kill
NJ stockholder Of this corporation shall be held
ny further sum than the unpaid balance due
n the share Of stock held BY him; nor shall any
In liz. eh - 1 sec - ~ ~ In