New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1905-09-30
CHARTER
TULANE COMPANY, Limited.
State of Louisiana, Parish of iberia.


w 8aumau, 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 hereto
subscribed, all of full age, who declared that
awaiting themselves of the provisions of the laws
of this State in such made and provfd
ed, and more especially of Act Mo- 1904, they
have convenanted and agreed and by these pres
ents do covenant and agree and bind themselves
ms well rs such other persons as may hereafter
become associated with them, to form and censtt
tute a corporation and body polite in law, for
the purposes and objects. and under the stipua
tions articles and conditions following to.wit:
ARTICLE |.
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, sue and to be sued, to make ana use
corporate seal and the same to break and alter
at pleasure; to hold, receive, have purchase, im-
prove. ALLEVIATE. convey, sell. borrow mortgage
and hypothecate, under 1t said corporate name
property real, personal and mixed; to
name and appoint such omcers' directors.
agents. managers, or 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 al
fairs as 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
objects and purposes OF said corporation.
Said corporation, unless sooner uissotStu III AZ
cordance with its charter shall exist and continue
for the period of 90 years from and after the date
hereof. The president hereof or In his absence
the vice president shall he the proper person upon
whom all citation and other legal process shall be
ARTICLE III.
The objects and purposes for which this cor
poration is organized, and the nature of the bust
to be carried on by it, are declared to he the
following, to-wit:
10 buy and sell furniture hardware and house
hi md md m
every description and kind, either at wholesale
retail. AS the interests of the corporation may
require; to buy and sell pictures, carpets, mat.
tngs and pillows and generally to buy and sell
all articles usually bought and sold In furniture,
hardware house furnishing notion business,
and to do all things that may be necessary. prop
convenient to carry out any of the objects
for which this corporation Is organized
ARTICLE III.
The capital stock of said corporation shall be
Ten t1O) Thousand $50 100000 Dollars dtvid
ed into and represented by One Hundred tlOO)
Shares of the sum of One (*lOO.OO Hundred
Dollars each. which stock shall be paid for In
cash at the time of Subscription the same may
he issued, at not less than par in pa, ment or ex-
change for property or rights actually received or
purchased by said corporation, or the same may
be issued, full paid, for money advanced. and for
such other valuable consideration or services as
the board of directors of said corporation may
determine; provided that no stock shall be iss'ed
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 It's Office In New Iberia, and on
the surrender of the certificate therefor No
transfer of any fractional part of share shall be
made.
hall .lai, Cd
soon as Thirty Three Hundred($3 3OOO0)
DOLLARS of the capital stock shall have been sub
scribed for. The board of directors shall have
the right to determine how much stock shall be
ARTICLE w.
All the corporate powers of the said corpora
ton 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 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 vote.
to be east by the owner either in person, or by
proxy in writing. The directors thus elected shall
and continue in Office until their successors
to elect directors on the date above specified
shall not dissolve the corporation, but the board
of directors shall continue to hold their office un
til their successors shall have been elected and
qualified.
Vacancies occurring in $ i'd board from what
ever cause shall be filled by the remaining direc
City of New IBERIA may appoint under written
proxy another director to act as his proxy on said
Board and exercise for the time being all the
powers of such absent director. Two directors
shall constitute quorum for the transaction Of
any business. The said board OF directors shall
make all bylaws, rules and regulations for the
rr fhn hrtott utE Hut AHr ha
company, and alter, amend and change the same
The first Board of Directors shall be elected by
the subscribers to this charter ut their first
meeting ut 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
ident, vice -president, and secretary aud treas.
urer, who need not be shareholder.
The board of directors shall at the first meeting
after their own election, elect all the officers Of
this company.
The said Board shall have full control Of the
property Of this Company. and shall conduct,
manage and use the same az In their discretion
they deem fit and that In consistent with the OBJ
jects of said Company or the welfare Of the same.
The said Board shall elect or appoint such other
essary, fix their compensation term Of service,
with the right to dismiss them at said Boards
pleasure; and said Board shall have the right TO
fix and determine the salaries of the several OH
'''' '''''' p'' ARTICLE v.
This charter may be changed, modified or amen.
died. the capital stock increased or decreased, or
this corporation may be dissolved at general
meeting of the stockholders convened for the
purpose with the assent of three fourths of the
such meeting. Thirty days PRIOR notice Of such
meeting shall be given In any newspaper pub.
lshed in this City
In case Of dissolution or termination OF this
corporation either by limit Of its charter or
from any cause, the liquidation Of its affairs shall
be conducted by three commissioners, selected
from the stockholders, with like assent at meet.
this article. Said commissioners shall remain In
Office until the affairs Of said corporation shall
have been fully liquidated. In case OF the death
of commissioner then the survivors survivor
shall continue to act
No stakeholder of this corpOra alton shall ever be
held liable or responsible for the contracts or
faults thereof In any further sum than the unpaid
balance due the company on the shares OF stock
for owned by him, nor shall any In
in organization have the effect of rend
ering this charter null or Of exposing stock.
holder to any liability beyond the unpaid balance
IL any, of his stock.
Thus done and passed at my notarial Office In
the City Of New iberia, Parish of IBERIA La, ON
the day and date first above written In the pres
ence of Messrs. Louis Delcambre and Porteus X.
Burke, competent witnesses OF lawful age, resi-
ding In this Parish, who hereunto sign their
names together with said parties and me, Notary,
after due reading of the whole.
MRS. MELANIE WE'LL "a Shares.
JOSEPH WE'LL, Share.
LEON DREYFUS, Shares
P 'oens 1tI K. BGRkr, Witnesses