New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-01-30
CHART E r.


United States of America, State of Louisiana,
Parish of Iberia
Be it 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
of the United States of America the One Hun
dred and Twenty Eighth before me, H. o.
Hacker, Notary Public duly commissioned and
sworn in and for the Parish of Iberia, State Of
Louisiana, therein residing, and in the presence
of the witnesses hereinafter named and under
signed; personally came and appeared the several
persons who sc names are hereunto subscribed all
of lawful age and residing in said Parish of he
ria, who severally declared that; avaling 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 SO, of Eighteen Hundred
and Eighty Eight of the General Assembly OF the
State of Louisiana, they have contracted and
agreed and they do hereby bind themselves well
as all such persons as may hereafter become as
ISOLATED with them, to form aud constitute a 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 & SUBERBIELLE. Limi-
power to exist for period of ninety nine years
from the date hereof; to contract, sue and be
sued; to purchase, hold, SELL lease, mortgage and
pledge real estate and personal property TO ap-
point such directors, officers and agents the in
terests and conveniences of this corporation may
require and generally to do all acts necessary and
cosveuient, or in any manner appropriate for the
accomplishment of the purposes herein stated.
ARTICLE II.
The domlcile 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 Ill
The purposes for which this corporation is es.
tablished and the nature of the business to be
carried on by it, are 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 in the mercantile business; and to
to those ends, to purchase, use, lease, mortgage,
pledge, otherwise acquire or sell, real or per-
sonaf property and generally to do all acts and
enter into all contracts that may be Necessary for
the accomplishment of the aforesaid purpose; to
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
by one thousand shares of the par
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 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
offered stocks, they will be entitled to an option
Of thirty days from the date of holding of said
meeting for the purchase of said stocks, at the
asst preceding inventory value Of said stocks. II
The said stockholders should then become the
1, nfs at1 hall loV-, +l,a
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 a 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-
ent; who shall hold Office for the term of one
year, or continue in office until their successors
,hall nave been elected and indicted into office.
In case of failure to elect said Directors on the
lay hereinabove fixed, or such other day as
nay have been decided upon, this corporation
'hal not be dissolved but, the incumbent Direc
ors shall continue In Office until succeeded by
Iubseqcsnt election hereinaboye declared
The first Board Of Directors shall be elected by
he stockholders Immediately upon signing of
his act and without other formalities. IL any
member members of the Board of Directors
should die during his, their term of Office, his
,r their executor, administrator, other legal
representative shall Immediately become q mem
ger of said Board of Directors, or may designate
n 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 fill
Ill vacancies, except stipulated in Article v
from any cause in the offices o. this corr
poration. The Board of Directors shall have
power to make, adopt, or change, alter, amend
)r repeal all such rules and regulations for the
conduct and management and business of this
corporation as they may deem proper. To ap-
point from time to time such officers, clerks,
sgents and other employees as they may deem
proper and convenient and the same to dismiss at
pleasure; to make general and special provisions
for the filling of any offices, during temporary or
inability to act. To borrow money; and to do all
acts pertinent to the objects and purposes of this
corporation; and in exercising such powers the
Board of Directors may act, either directly, or
through such officers agents as it may appoint
with general or special authority. ANY member
,f the Board OF Directors may be represented by
proxy and maj GRITTY Of the Board in number
shall constitute quorum at all meetings of the
Board. All salaries shall be fixed by the Board
IF Directors: and It shall be vested with author
ty 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
members present, each member having vote in
his capacity as member of said Board, but not
second vote when there shall be q tie.
ARTICLE VII.
The officers of this corporation shall consist of
a president and vice president, elected from the
Board of Directors, also a secretary and treasn-
elected by the Board of Directors at their first
meeting after their election. The officers thus
elected shall serve as above provided. The duties
Of the president and vicepresident. the secretary
md treasurer, shall be the regular duties usually
performed by such officers and such special duties
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
tan nj he ltad
by the president or In his absence or inability to
net, by the vice president, or by petition signed
by majority of the stockholders Of this corpora
ton. The regular meetings of the Board of Di-
rectors shall be held mon thly on the first Wednes-
day of each month. Special may be held at such
time may be designated by the officer calling
same: 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.
At Its dissolution whe by liquidation or from
whatever cause, the affairs of this corporation
shall be liqudated by one or more commissioners,
elected by ma GRITTY of the stockholders of the
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 lquidated: and should va
rancy occur in their number said vacancy shall be
Allied by q vote of the majority of the stock.
holders. The compensation for said commission.
ers shall be fixed by the stockholders at the time
Of the election OF said commissioners,
ARTICLE x.
Ten days written notice delivered in person or
mailed to each stakeholder addressed to him at
his residence or place of business, shall be given
In advance Of every meeting Of the stockholders
provided in this charter; but said notice may be
waived by the unanimous consent of said stock
holders. expressed in writing before the meeting,
DR. at the meeting when called.
ARTICLE XI.
This corporation shall when one hundred shares
thereof shall have been subscribed. commence
business.
ARTICLE XII.
Each stakeholder shall be entitled to 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 to any liability
beyoud the amount Of his stock.