New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1906-07-14


b ceive. purchaes. sell. convey. lease,
pledge. bond .hypohthecate, and mort
gage property of any kind whether
real. personal. or mixed. corporal OF
iucorpureal in or ont of the state oi
Louisiana; to have and appoint such
managers, directors officers, and
agents rs its business may require
and to make and establish as we'll rs
to alter and ahmed from time to time
such BY laws, Rules, and Regulations
for the proper management and gov
ornmcnt of the affairs of said corpora
tion rs may he necessary and proper
aud generally to possess all the powers
hereinafter Enumerated and that nro
now or may hereafter he conferred Icy
law or necessary to promote it's objects
aud interests.
ARTICLE IL
The domicile of this corporation
shall be in New Iberia, Iberia Parish
Louisiana, where service of citations
and other legal process shall he made
upon the President of said corporation
or in case of his absence, upon the
Vice President or upon the Secretary
of said corporation in the absence OF
both of said former officers. -
ARTICLE Ill
The object and purposes of this cor
pOration are declared to be TO eStab-
hsh and operate drug stores, to buy,
denl in sell and compound drugs and
medicines and to mako and manufaC-
ture toilet articles and generally to
carry on the drug BUSINESS incidental
aud pertinent to the above oh jects and
purposes.
ARTICLE ".
The capital stock of this corpora
| ION is hereby declared to be the sum
of Twenty Five Thousand Dollars di-
vided into and represented by One
Thousand Shares of the par value of
| Twenty Five Dollars each, which
stock shall be paid for i'll cash or in
such installments as the Board of Di-
rectors mry fix, or NAV be issued in
payment of labor or services rendered
or property transferred to the corpora.
ton in the discretion of the Board of
! Directors. In case any of said CAPT
| tai stock shall be issued for property
received the Board of Directors shall
first appraise said property and
such appraiEement shall be final and
binding upon all stock holders. All
shares of stock shall be issued rs full
paid and non assessable and no trans
fer of stock shall be binding upon the
corporation unless recorded upon it's
books. All transfer of stock shall be
signed by the stakeholder or his At
| torney. Stock book shall be closed
| for the transfer of stock ten days be-
| fore election. No certificate of stock
shall be issued until the same shall
have been paid for in full. Certif-
cate of stock issued shall be signed by
such officers of this corporation as the
Board of Directors may designate.
No transfer of stock shall be made on
the books of the corporation if the
holder thereof is indebted to the cor
poration until such debt shall have
been liquidated and paid. The. CAPT
tai stock may be increased or denim
ished as provided by law. This cor
poration may commence business
when Five Thousand of it's capital
shall have been subscribed and paid
for in full
ARTICLE v
All the corporate powers of this
corporation shall be vested in and ex-
ercised and the business and affairs
of this corporation shall be managed
and conducted by Board of Directors
composed of 7 stockholders each of
whom must own at least -Four Shares,
majority of whom shall constitute
qurom in the transaction of bust
ness. Said directors shall be elected
at the annual meeting of the stock
holders of this corporation to be held
on the first Tuesday in May of each
sary or convenient. All such election
shall be by ballot and conducted ut the |
office of the corporation under the
supervision of the President or in
case of his absence or inability to act |
under the supervision of any other
officer of the corporation and of such |
ed to each stock holder at his last |
Post Office address recorded in the |
Books of the corporation. No less
then fifteen days previous to the day |
of such election Each stakeholder
shall be entitled to act either in per-
son orss by written proxy one vote for
each share of stock owned by him,
which shall have been standing in
his name on the Books of the corpora
ton for at least ten days prior to the
date of said election. A majority of
the votes cast shall election: the
Board of directors of this corpora
ton at its meeting in each year shall
elect from it's members a president
and a vice president. The said Board
of Directors shall also elect secre-
tary and treasurer as the said Board
may determine, which said person or
persons must also be member or mem
bers of said Board of Directors. The
first Board of Directors shall consist
of Armand V. Boutte. Valmire
Emile J. LaBranche, Rev
James A. Herod, Where Dupre, Virgil
Boutte and Edwin Hebert, with the
said Armand v. Boutte, president;
Valmire olivier, as vice president
and said Emile J. LaBranche as Sec
rotary and Treasurer Said officer
and directors shall remain in office
until the election to be held on the