New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1907-11-02
ACT OF INCORPORATION.
STAT. # Louisiana. Parish of Orleans.

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,,s hsrrunto ,ubecribed, who declared, that avail
,,g themselves of the laws of the State of Louis
lara. relative to corporations, and particularly Act
No. ,6 of the Session of the Legislature OF 1888,
,s well as all other laws on the same subject mat
Ter. have formed themselves into corporation, or
body-eorporate, with the following articles towit
| ARTICLE l.
The name and title of this corporation shall be-
"soUTHEks PAMAL1NE COMPANY,
LIMITED and IN that nam it shall sn' aho
a s,sd. II sball endure and subsst for period OF
ninety nine wears from the date hereof. ne H'p's
In, Is tbo co,rot,ti,n shall be at New Iberia, y
the Parish of IberiS, State OF Looi'''"'' "'''
all process shall be served. ;,
ARTICLE II,
-rt die, ,,d purpose Of this corporation and
Il ths business to be carried on, are de-
e III 70 he the purchase, sale, batter, trading, es-
eh.sa;ng producing and dealing, principal, agent
- ,nidJeman, distributor or otherwise, of drugs,
chemicals. medicines and other merchandise OF
whatever character desired, whether original,
broken. patent, or proprietary; and to that end
this corporation shall be empowered to manuiae-
ture. produce, purchase, exchange and otherwise
deal in all commodities OF commercial nature.
II NAV borrow money, issue notes Or bonds,
and shall be empowered to purchase, sell, eS
change, mortgage or otherwise hypoheea'e' ah
species Of property, real. personal OF mixed.
All citations or other legal process shall be
served upon the President, or in his ab enee or
disability, upon the Viee-President.
Tbe eorpastion shall have a corporate seal,
and the same may alter at pleasure; they shall be
empowered to make by laws, and rules and regula
tions, and may change, abolish or alter same at
pleasure.
ARTICLE Ill
The Capital Stock of this corporation shall
he Fihy Thousand Dollars, divided into five
thousand shares, at par value OF Ten Dollars
NO, share No stock shall be issued except for
cash OF for services actually rendered at fat valu
alton This corporation shall be authorized to
commence business when the sum Of Ten Thou
s,,d Dollars of the Capital Stock is subscribed fot.
ARTICLE ".
| The business and affairs of this corporation
shall be managed by Board of Directors com
pcsed of th ee directors two of whom shall eonsti
tute quorum to transact business They shal
y have tenure of five years as follows to-wit
The first Beard of Diiectors shall be composed
Of Charles Henry Teal, Sidney D, Persell and
Ralph O. Persell, who shall serve as such unt'
the first Monday in October, One Thousans
/ |
sor, have been elected Ii shall be the duty o
the Secretary to publish notice OF an election e
elect members of the Directorate to take place OF
the first MONDAY in October, One Thousand MIN
Hundred and Twelve, and on each recurring periot
Of FIVE year, the said notice to be published once
week for three weeks Immediately preceding tn
date of election, and in paper published At tn
douicile Of the corporation and should no pape
.t., ,,, nan
a published in the Parish
He shall also notify by lettss 81 five day
: IN advance. each stock holder. Recording to tn
books of the corporation provided the stool
holder hss registered his address with the corpora
ton.
At any time before the first day of October
Dne Thousand Nine Hundred aud Twelve, th
prrsently constituted Board Of Directors, may in
crease the Board of Directors to FIVE in number
hut same must be done by unanimous vote of all {
the present directors; and should the said Director
he so increased, the additional members shall be Sc
lected by the present Board OF Directors, and sha
serve until the expiston of the Of the pres
ent Board Of Directors
ARTICLE V.
The officers Of this corporation shall be Pres
dent. vice-President and secretasy-Tfeasurer
time Of eectine Directors and must be taken fror
those members composing the Board of Directors
and their tenure shall be CO. extensive with the sal
Board of Directors. Until the election in Oetob,
One Thousand Nine Hundred and Twelve, herei
above provided for, the following officers shs
serve Charles Henry Teal, President; Sdns
u persell, Vice President; Ralph G. Persel
Secretary Treasurer.
ARTICLE VI.
This corporation shall be authorized to do bus
uess in every State, Territory or possession of Il
United States of America, and in every foreiG
country.
In every corporation meeting, each share
stock shall be entitled to vote once, and for Il
purpose of all meetings, the person in whose nan
the share appears on the books OF the eorP9r
ton shall be deemed the owner.
All members of the Directorate and all of
GERS. rhsl be actual stockholders and all vaea
eies by death, resignation or otherwise, either
the Direetotate or offices, shall be filed by Il
po,rd of Directors, or such Of same as remain.
ARTICLE VII.
At the expiration ofthis charter, or in case
becomes necessary to sooner liquidate, the affa
Of this corporation shall be liquidated by thr
commissioners selected at joint meeting of {
corporation, specially called for the purpose, aft
public notice as provided in article fourth tor
election Of the Board of Directors
ARTICLE VIII.
No stoekholder shall ever be held liable IN
| greater sum than the amount of his subscriptt
to the capital stock Of this corporation.
Thus done and passed on the day, month Al
year herein first above written, in the presence
Messrs. Joseph + Ritayk and Walter l. Gls
son, competent witnesses, who have hereuf
signed these presents, with appearers and me, \
tary, al er due reading Of the whole.
RALPH @. PERsELL, AGO shar
CHARLES n. TEAL, 4so shaie'
Per r @. pcrsell.
SAMUEL n. BUCK. 50 Shares.
Per X. G. persell.
S. D. PERsELL, so Shares.
BEN II. JONES, $ Shares.
Per S. D. Persell.