New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1905-10-07
CHARTER
TULANE COMPANY, Limited.

| month of September A. d., 1905, before me, Fred
| W 3aumau Notary Public In and for the Parish
| of Iberia. State of Louisiana duly commissioned
| and qualified and in the presence OF the witnesses
| hereinafter named and undersigned personally
| came and appeared: Mrs. Melania WE'LL, Joseph
| WE'LL and Leon Dreyfus, whose names are heretet
| subscribed all of full age, who declared thHS
availing themselves of the provisions OF the law
! Of this State in such cases made and provio
! ed and more especially of Act No 70 1904, they
| have convenanted and agreed and by these pres
| ents do covenant and agree and bind themselves
! become associated with them, to form and consti-
| tute a corporation and body polite In law for
| the purposes and objects. and under the stipula'
tons, articles and conditions following, to-wlt;
| ARTICLE L.
The name and title of said corporation shall be
TULANE COMPANY, LIMITED" and its domi
| ellie is hereby established in the City of New
| Iberia Parish of Iberia, and under Its said corp
| crate name said corporation shall have power to
| contract. and to be sued to make and use
| corporate seal and the same to break and alter
at pleasure; to hold, receive have, purchase. i'm
prove, ALLEVIATE, convey, sell, borrow, mortgage
and hypothecate, under it said corporate name,
property real, personal and mixed; to
| name and appoint such officers, directors
| agents. managers, or employees as the
interest of said corporation may require to make
and establish FLAWS rules and regulations fot
the proper management and regulation Of its af.
fairs may be deemed necessary and proper
and the same to alter and change at pleasure;
to do all other acts and things permitted by law,
or shall be necessary and proper to carry out the
obi ects and purposes OF said corporation.
Said corporation, unless sooner dissolved In
cordance with its charter, shall exist and continue
for the period of 30 years from and after the date
hereof The president hereof or in his absence
the vice president shall be the proper person upon
whom all citation and other legal process shall be
served
ARTICLE III.
The objects and purposes for which this cor
porntion is organized, and the nature OF the bust
to be carried on by it, are declared to be the
following, to-wit
To buy and sell furniture, hardware and house
furnishing goods and notions and merchandise of
every description and kind, either at Wholesale
retail, as the interests OF the corporation 1A6
require; to buy and sell pictures, carpets, M a, =
tings and pillows, and generally to buy and sell
all articles usually bought and sold In furnitsrs
hardware, house furnishing or notion business,
and to do all things that may be necessary, prop
or convenient to carry out any OF the objects
for which this ''r RpRTISnE ! i 3rrAn1sd
The capital stock of said corporation shall be
Ten QO) Thousand $50, OOO. OO) Dollars. divid.
ed into and represented by One "a Hundred a llOOl
Dollars each, which stock hall be- paid for In
cash at the time of subscription, the same may
he issued, at not less than par, in payment or
change for property or rights actually received or
purchased by said corporation, or the same may
he issued, full paid, for money advanced. and for
such other valuable consideration or services
the board of directors of said corporation may
determine provided that no stock shall be issued
until the consideration therefor has been received
by the said corporation.
Any stakeholder may sell, assign or transfer his
stock in this corporation, provided thirty days
prior notice of such intention to sell. assign or
transfer the same be given the company, and the
other stockholders thereof shall have the first
privilege of purchasing same. after which thirty
DAYS notice the said stock may be sold In open
market The stock of said corporation may be
transferred under the above conditions, provided
such transfer thereof be made on the books Of
said company, at its Office In New iberia, and
the surrender of the certificate therefor. No
transfer of any fractional part of share shall be
made.
This corporation shall commence doing bust.
ness AS Thirty Three Hundred $3, 3O0.OO)
Dollars of the capital stock shall have been sub
scrbed for The board Of directors shall have
the right to determine how much stock shall be
sold.
ARTICLE Nv.
All the corporate powers Of the said corpora.
tion shall be vested In and exercised by = board
of directors composed of three 49, stockholders
to be elected annually on the first Monday In
December the first election shall be held In the
year 1905. All such elections shall be by ballots
and conducted Mt the Office OF the corporation
under the supervision OF two commissions to be
appointed by the president for that purpose, Of
which election ten days prior notice shall have
been given by the secretary to each stakeholder
by notice sent by mail prepaid and directed to his =
last known place of business or domicile, ar
each share of stock will be entitled to vot
to be by the owner either In person, or b. s-s
proxy in writing. The directors thus elected shall
serve and continue in office until their successors
shall have been elected and qualified failure
to elect directors the date above specified
shall not dissolve the corporation, but the board
of directors shall continue to hold their ONCE
til their successors shall have been elected and
qualified.
Vacancies occurring in 8, Id board from what.
ever cause shall be filled by the remaining direc.
tors who may be compelled to be absent from the
City OF New Iberia, may appoint under written
Board and exercise for the time being sll the
powers of such absent director Two directors
shall constitute a quorum for the transaction of
any business. The said board of directors shall
make all bylaws, rules and regulations for the
of the business and affairs Of the
company, and alter amend and change the same
II pleasure.
The first Board OF Directors shall be elected by
he subscribers to this charter At their first
meeting at which they shall organize and shall re-
main in Office until the first Monday Of Decem-
Der, 1908, and until their successors shall have
been elected and qualified.
The officers of this corporation shall be pres
dent, vice president, and secretary aud treas.
Irer who need not be shareholder.
The board of directors shall at the first meeting
lfter their own election, elect all the officers Of
his company.
The said Board shall have full control OF the
property of this Company and shall conduct,
manage and use the same as In their discretion
hey deem fit and that Is consistent with the OBJ
ects of said Company the welfare Of the same
The said Board shall elect or appoint such other
flcers, clerks or employees ms IL may deem
ssary, fix their compensation, term Of service,
With the right to dismiss them ut said Boards
pleasure; and said Board shall have the right to
tx and determine the salaries Of the several on.
ers herein provided for.
ARTICLE v.
This charter may be changed, modified or amen.
ed, the capftal STOCK Increased or decreased
his corporation may be dissolved at . general
Meeting of the stockholders convened Tor the
urpose, with the assent Of three fourths Of the
ae nesting Tny PRIOR Gs: o
Meeting snail be given In any newspaper pub
shed In this City.
In of dissolution termination oi this
either by Limitation Of Its charter or
rom any cause, the liquidation of Its aRsirsshall
e conducted by three commissioners, seleet3o
rom the stockholders, with like assent vt meet.
lg called for that purpose above set forth In
his article. Said commissioners shall remain In
flee until the affairs Of said corporstion shall
ave been fully liquidated. In case OF the death
a commissioner then the survivors or survivor
hall continue to act.
ARTICLE VII.
No stakeholder Of this corporation shall ever be
ED liable responsible Tor the coutrscts or
lults thereof In any further sum than the unpaid
alance due the company on the shares Of stock
described for or owned by him, nor shall any In.
rmality In organization have the effect Of rend.
ing this charter null Of exposing . stock
,lder to any liability beyond the unpaid balance
any Of his stock.
Thus done and passed at my notsrisl ONCE In
10 City of New Iberia, Parish Of Iberia, La. on
e day and date first above written, In the pres
Zee Of Messrs. Louis Delcambre and Portsus X.
urke competent witnesses Of lawful age, resi-
ng in this Parish, who hereunto Sign their
ines together with said parties and me, Notary,
ter due reading OF the whole.
MRS. MELANIE WE'LL, "a Shares
JOSEPH WE'LL Share.
LEON DREYFUS, 3 Shares.
,sr,I nrE e sTsx. Witnesses.