New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1907-11-16
ACT or INCORPORATION.


the eighteenth, one thousand nine hundred an
seven. and the one hundred and thirty second yea
of the Independence Of the United States o
America, before me. Robert Leger, a Notar
Public duly commissioned and qualified, in and TO
the Parish of Orleans, and therein residing, person
ally came and appeared, the persons whose name
a,e hereunto subscrb. d, who declared, that avail
ing themselves of the laws of the State OF Louis
lana relative to corporations, and particularly Ac
Nc. 36 Of the session of the Legislature of 1888
as well as all other laws on the same subject mat
tar, have formed themselves into CO poration, OF
body corporate. with the following articles to- wit!
ARTICLE l.
The name and title Of this corporation shall he.
? SOUTHERN PAMALINE COMPANY.
| iMiTED,' and in thar nam it shall SUI and
be sued; it shall endure and subsist for period of
ninety nine years from the date hereof The DOM
eilt of this corpo alton shall he at New Iberia, in
the Parish of lberia State of Louisiana and there
all process shall be served.
ARTICLE II.
The object and purpose of this corporation and
the nature of the business to be carried on are de
elared to be, the purchase, sale, barter trading. ex
changing, producing and dealing, as principal, ag mt
| or mddleman, distributor or otherwise, of drugs,
chemicals, medicines and other merchandise of
whatever character desired, whether original,
broken, patent, or proprietary; and to hat end
this corporation shall be empowered to manufac-
ture, produce, purchase, exchange and otherwise
deal In all commodities Of commercial nature,
1t may borrow money, issue notes or bonds,
and shall be empowered to purchase, sell, ex.
change, mortgage or o,herviss bypo heeate, all
species Of property, real, personal or mixed. ~
All citations or ether legal process shall be
served uror the President, IN his ab enoe OF
dsabilt, upon the yice-prss dent
The curfelati n shall have corporate seal,
and the laue may slter at pleasures they shall be
empowered to make bv law, and lies and regula-
tons, and may change, abolish or alter same at
pleasure.
ARTICLE Ill
The Capital Stock of this corporation shall
be Fifty Thousand Dollars, divided into five
thousand shares, at par value of Ten Dollars
per share. No stock shall be issued except for
cash for services actually rendered at fair vau-
alton. This corporation shall be authorized to |
commence business when the sum of Ten Thou
sand Dollars of the Capital Stock is subscribed for
ARTICLE ".
The business and affairs of this corporation
shall be managed by Board of Directors com
tute quorum to transact business They shall
have tenure of five years as follows to-wit
= The first Board of Directors shall be composed
of Charles Henry Teal, Sidney D. Persel and
Ralph G Pefsell, who shall serve as such until
the first Monday in October, One Thousand
Nine Hundred and Twelve, or until their success
sors have been elected 1t shall be the duty of
the Secretary to publish notice of a. election tc
clectmembers of the Directorate to take place on
the first Monday in October, One Thousand Nine
Hundred and Twelve, and on each recurring period
Of five year the sa notice to be published once
week for three weeks Immediately preceding the
date OF election, and in a paper published 1T the
iomiole OF the corporation and should no paper
DC published at said domcile then in any paper
published in the Parish
He shah ago notify by letter, at least FIVE DAYS
n advance, zach stock holder, according to the
looks of tho corporation provided the stock
,oder has registered bis address with the corpora
ion. ,
At any time before the first day of October.
Jne Thousand Nine Hundred aud Twelve. the
resently constituted Board of Directors. may in
rease the Board of Directors to five in number;
ut same must be done by unanimous vote of all of I
be present directcrs and should the said Directors
increased, the additional members shall be Sc
,eted by the present Board of Directors. and shall
rive until the expiration of the tenure of the pres
Mt Board of Directors
ARTICLE V.
Il he officers ct this corporation shall be Presi.
ent, Vcds ssdent and Secretary Treasurer :
hey shall de selected by the corporation at the I
me Of eleeting Directors and must be taken from T
lose members composing the Board Of Directors. :
nd their tenure shall be extensive with the said
oard of Directors Until the election in October }
Inc Thousand Nine Hundred and Twelve, herein
'ove provided for, the following officers shall
rve +: Charles Henry Teal, President; Sidney
persel, vice-President, Ralph G persell, t.
reretary- Treasurer. I
ARTICLE vi. :
This corporation shall be authorized to do bust
'ss IN every Stae, Territory possession of the .
nited States OF America, and in every foreign A
,untry. N
In every corporation meeting, each share of n
ock shall be entitled TO vote once, and for the :,
lrpose of all meetings, the person in whose name
e share appears on the books of the corpora A
On shall be deemed the owner n
All members of the Directorate and all Off N
rs, rhal be actual stockholders and all vaean- :,
IS by death, resignation otherwise, either in
e Directorate or offices, shall be filled BY the D
,ard of Directors, or such of same as remain.
AR rICLE VII. >,
At the expiration of this charter, or in case it
comes Necessary to sooner quidate, the affairs j.
this corporation shall be liqudated by three il
selected at joint meeting of the p
rporaton, specially called for the purpose, after !,
bic notice provided in article fourth for the
etion Of the Board of Directors ID
ARTICLE VIII. IL,
No stoekholder shall ever be held liable in a n
,ster sum than the amour, of bis subscription :,
the capital stock Of this eorpot ation.
Thus done and passed on the day, month and Js
If herein first above written, in the presence of NJ
cssrs. Joseph ]. Ritayik and Walter L. Glcs a,
!, competent witnesses, who have hereunto
ned these presents, with sppearen and me, No "
y, at er due reading of the whole Jr
RALPH G. pERsELL, ago Shares
CHARLES II. TEAL, 4so Shaies.