New Iberia enterprise and independent observer., 1905-09-09

BE IT KNOWN that on this 9th day of tn
month of September A. d.. 1905 before me- Free
w 8auman, Notary Public in and for the Paris
of Iberia, State OF Louisiana, duly commissioner
and qualified and in the presence of the witneSse
hereinafter named and undersigned personally
! came and appeared: Mrs. Melania WE'LL Jose pi
| Well and Leon Dreyfus, whose names are heret
| subscribed, all of full age, who declared tha
| avaifng themselves of the provisions of the law
of this State in such made and provid
| ed, and more especially of Act No. 1904 the,
| have convenanted and agreed and by these pres
entS do covenant and agree and bind themselves
as well as such other persons may hereafter
| become associated with them to form and cons ii
| tute corporation and body polite, in law fo
| the purposes and object, and under the stipula
tions, articles and conditions following. to-wit:
| ARTICLE /.
| The name and title of said corporation shall bt
| 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 t.
| contract, and to be sued, to make and use
corporate seal and the same to break and alte,
| 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, employees as the
interest Of said corporation may require to make
and establish bylaws, rules and regulations for
| the proper management and regulation of its af
fairs may be deemed necessary and proper
and the same to alter and change at pleas ure
10 40 otuef dtbS anu Things permitted bE law
or shall be necessary and proper to carry out the
| objects and purposes of said corporation.
Said corporation, unless sooner dissolved in ac-
cordanse with its charter shall exist and continue
for the period of 80 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 H.
The objects and purposes for which this cor.
poration is organized and the nature of the bust.
ness 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
or retail as the interests of the corporation may
require; TO buy and sell pictures, carpets mat
tings and pillows, and generally to buy and sell
all articles usually bought and sold in furniture
hardware, house furnishing or notion business,
and to do all things that may be necessary prop
er or convenient to carry out any of the objects
for which this corporation is organized
ARTICLE Ill
The capital stock of said corporation shall be
Ten t10) Thousand ($10, 600 O0) Dollars diyid
ed into and represented by One Hundred 400
Shares of the sum of One $500 OOl Hundred
Dollars each which stock shall be paid for in
cash at the time of subscription, or the same may
be issued, at not less than par. in payment or ex-
change for property or rights actually received or
purchased by said corporation, the same may
be issued, full paid yfor money advanced, and for
such other valuable consideration or services as
the board .of directors of said corporation may
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
at ifc cnffs i'm
the surrender of the certificate therefor. No
transfer of any fractional part of share shall be
made
This corporation shall commence doing busi
ness as soon as Thirty Three Hundreds ($3 800. .OOj
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 "
All the corporate powers of the said corpora
tion shall be vested in and exercised by a hoard
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 at 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, and
each share of stock will be entitled to one VOTE
to be cast by the owner either in person, or by
proxy in writing. The directors thus elected shall
serve and continue in Office until their successors
shall have been elected and qualified A failure
to elect directors on the date above specified
shall not dissolve the corporation, but the board
of directors shall continue to hold their office I'M
til their successors shall have been elected and
qualified.
Vacancies occurring in s 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
proxy another director to act as his proxy said
urd and sIgn hn hnis
powers of such absent director Two directors
shall constitute quorum for the transaction of
any business. The said board of directors shall
make nil bylaws, rules and regulations for the
government of the business and affairs of the
company and alter, amend and change the same
ut pleasure.
The first Board of Directors shall be elected by
the subscribers to this charter 1T their first
meeting at which they shall organize and shall re-
main in office until the first Monday of Decem-
Der 1905, and until their successors shall have
The officers of this corporation shall be pres
dent, vice president and secretary aud treas
lrer, who need not be shareholder.
The board of directors shall at the first meeting
after their own election, elect all the officers of
his company.
The said Board shall have full control OF the |
of this Company and shall conduct |
manage and use the as in their discretion |
hey deem fit and that is consistent with the OBJ. /
eets of said Company the welfare of the same |
The said Board shall elect appoint such other |
.ssary, fix their compensation term of service, /
With the right to dismiss them at said Boards i
pleasure; and said Board shall have the right to |
tx and determine the salaries OF the several off
ers herein provided for.
ARTICLE v.
This charter may be changed. modified or amen |
led the capital stock increased decreased, or
his corporation may be dissolved at a general |
Meeting of the stockholders convened for the /
purpose, with the assent OF three -fourths of the
.apital stock, whether present represented at |
'uch meeting. Thirty days prior notice of such /
Meeting shall be given in any newspaper pub |
ished in this City.
In case of dissolution termination of this /
corporation, either by limitation of its charter
rom any cause, the liquidation Of its affairs shall
le conducted by three commissioners selected |
rom the stockholders. with like assent at meet |
ng called for that purpose above set forth in |
ibis article Said commissioners shall remain in |
,fiee until the affairs of said corporation shall
rave been fully liqIidated. In ease of the death
If commissioner then the survivors or survivor
hall continue to act
ARTICLE VII
No stakeholder of this corporation shall ever be
leld liable responsible for the contracts or
aults thereof in any further sum than the unpaid