New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1907-10-26

ter, have formed themselves into corporation, or
body-corporae, with the following articles to-wit:
ARTICLE /.
The name and title of this corporation shall be,
"SOUTHERN PAMALINE COMPANY,
! LIMITED" and in that name it shall sue and
be sued 1t shall endure and Subsst for period of
ninety nine years from the date hereof. The DOM
cile of this corporation shall be at New IBERIA IN
the Parish of iberia, State of louisiana and there
all process shall be served
ARTICLE III.
The object and purpose of this corporation and
the nature of the business be carried on are de-
clared to be, the purchase, sale, barter trading,
changing, producing and dealing principal, agent
| or mddlcman, 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 manufac-
ture, produce, purchase, exchange and otherwise
deal in all commodities Of a commercial nature.
1t may borrow money, issue notes or bonds,
and shall be empowered to purchase, sell, ex-
change, mortgage otherwise hypothecate, all
species of property, real, personal or mixed.
All citations or other legal process shall be
served upon the President, or in his absence or
disability, upon the Vice-President.
The corporation shall have a corporate seal,
and the same may alter at pleasure; they shall be
empowered to make BY laws, and rules and regula-
tons, and may change, abolish alter same at
pleasure,
ARTICLE Ill.
The Capital Stock of this corporation shall
be Fifty Thousand Dollars, divided into five
thousand shares, at a 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 w.
The business and affairs of this corporation
shall be managed by Board of Directors COM
psed of thee directors, two of whom shall consti-
tute aquorum 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. Perse and
Ralph @. Persell, 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 an election tic
ciectmemSers of the Directorate to take place on
the first Monday in October, One Thousand Nine
Hundred and Twelve, and on t-h recurring period
of five years the said notice to be published once
week for three weeks Immediately preceding the
date of election, and in paper published It the
domicile of the corporation and should no paper
be published at said domicile, then in any paper
published in the Parish
He shall also notify by letter, at least five days
IN advance, each stock holder, according to the
books of the corporation; provided the stock
holder has registered bis address with the corpora
ton
At any time before the first day of October.
One Thousand Nine Hundred aud Twelve, the
presently constituted Board of Directors, may in
crease the Board of Directors to five in number:
but same must be done by unanimous vote of all of
The present directors; and should the said Directors
be SO increased, the additional members shall be se
ected BY the present Board of Directors, and shall
serve until the expirston of the tenure of the pres
mt Board of Directors
ARTICLE ".
The officers of this corporation shall be Presi.
lent, Vce-President and Secretary Treasurer;
hey shall de selected by the corporation at the
lme OF eleoting Directors and must be taken from
hose members composing the Board of Directors.
md their tenure shall be co-extensve with the said
Board OF Directors. Until the election in October
)ne thousand Nine Hundred and Twelve, herein
bove provided for, the following officers shall
erve: Charles Henry Teal, President; Sidney
, Persen, Vice-Presdent; Ralph G. Persell,
ecretary-Treasurer.
ARTICLE vi.
This corporation shall be authorized to do bust
ess In every State, Territory possession of the
United States OF America, and in every foreign
ountry
In every corporation meeting, each share of
took shall be entitled to vote once, and for the
urPose OF all meetings, the person in whose name
ne share appears on the books Of the corpora
on shall be deemed the owner.
All members of the Directorate and all off,
ers, rhall be actual stockholders and all yaean-
les BY death, resignation or otherwise, either in
lie Directorate or Offices, shall be filled BY tn.
oard OF directors, OF such of same as remain.
ARTICLE VII
At the expiration ofths charter, or in case Il
comes necessary to sooner liqudate, the affairs
tins Corporation shall be liquidated BY three
selected at joint meeting of the
'rPoraton, specially called for the purpose, after
ible notice as provided in article fourth for the
ection Of the Board of Directors.
ARTICLE VIII.
NO stockholder shall ever be held liable in
sun. .hah the amount OF his subscription
the capital stock of this corporation.
mus done and passed on the day, month ana
az herein INST above written, in !. presence of
essrs. Joseph ]. Ritsyik and Walter l.. Glea.
n' competent witnesses, who have hereuuto
'ned these presents, with appearers and me. No
ry, after due reading of the whole
kALPH G. PERSILL, 4so Shares.
CHARLES H. TEAL, $50 Shares.
Per r G. PerseIl
SAMUEL H. BUCK, 50 Shares.
Per r. G. PerscH.
5. D. PERsELL, 90 Shares.
BEN H. JONES, Shares.
Per S. d. Persel.
. .,n' :. + s,1 e,a.''"' Witnesses.
ROBERT pcIrp -