The weekly Iberian. (New Iberia, La.) 1894-1946, 1910-03-26
CHARTER OF THE
PLANTERS SUPPLY COMPANY
, Limited.

United States Of America,
state Of oui inn,
Parish of Iberia
BE IT KNOWN That on This 2sth
day of the month of February, in
the year of our Lord One thousand
nine hundred and ten. before me,
Alfred Renoudet.r a Notary talic.
duly c9mmisYened aud qualified,
in andfor t@ Paryh Of Iberia, State
OF Louisiana. and il t erreseTe Of
the Witnesses ksreinafter famed
and undersigngh
sena''y @"e and appeared !.
Messrss .Frederick eDecur. Hon
ora Romero. Joserh Migues. l. J.
Gonsoulin, ,Tosclh Norres. Ovee
Broussard, y. J. Broussard, Elodias
Eomero. j. j. Braquet, Charles Dn
| gas, and Charles Gary. who, each
| and ALL declared that awaiting
themselves Of the laws Of the state
Of Louisiana, relating to the or
ganizaiion and formation Of cor
| poratlone. they have coyeuanted
| and agreed, and they do Ivy these
| presents, covenant and agree to
| bind and obIigatc themselves. as
well as such person or persons as
may hereafter Join or become asso-
! GATED with them, into a corpora
ton, limited, or body polite in law
FOR the objects and purposes and
under the agreements and stipula-
| tons following, to wit -
ARTICLE I.
The name and style Of this cor
poration shall be: PLANTERS
SUPPLY co. Limited. Its domi-
Gle is hereby fixed at the city of
| New iberia, in tbs Parish Of Iberia,
state Of Louisiana, il shall have
and enjoy succession for i period
OF Is years; it may have and use a
| corporate seal with such device as
| may be selected by its Board of Di-
rectors it shall have power to sue
and be sued in its corporate name !;
to contract, have, to receive, hold
purchase, acquire. convey, ALLEVIATE,
/ mortgage, hypothaeate, pledge,
and pawn property. both real and
| personal. TO employ, hire and to
secure the services of such persons,
agents, officers, managers direc-
| tors and such other employees as
its interest and convenience may
| require.
Vt shall have power to adopt and
establish such bylaws, rules and
regulations as may he necessary
for the management Of it's affairs.
ARTICLE H.
The object and purposes of this
corporation shall be to carry on
the business Of buying and selling
merchandise Of all kinds. hardware,
tinware, crockery, glassware,
wooden and willow ware, saddlery,
stoves. agricultural implements and
general merchandise of whatsoev-
er description and kind they may
see fit: also huggies and carriages,
wagons, gasolene motors, etc.
ARTICLE III.
The capital stock of this corpora
ton is hereby fixed at Ten Thous-
and Dollars; divided into shares Of
One Hundred Dollars each, payable
in money or its equivalent i'm prop
erty, either real or personal as its
Board of Directors may decide j;
this capital stock may be increased
to any amount within the limits
fixed by the law governing the for
nation and organization Of corpor-
atiOns, limited; and in the appro-
priation of said additional capital
stock, the stock holders shall be en-
titled to acquire same in proper
ton of the amount which each pos
sessed of the original stock.
ARTICLE ".
| All transfers of stocks shall be
made on the books Of this cOrpOr-
alton by the stakeholder or his at
torney-in-fact.
ARTICLE V.
The corporate powers of this
corporation shall be vested in and
Exercised by a Board of Directors
composed of five stockholders,
three of whom shall constitute a
quorum for the transaction of bus
mess. They shall be annually e.
lected by ballot at the office Of the
| company under such form and re-
| gulations as may be adopted on the
first Monday i'm February of each
| year. Each stakeholder voting,
either in person or by proxy, be-
ing entitled to one vote for each
| share Of stock owned by him.
Said Board of Directors shall con-
tinue in office until their success
ors shall have been elected and
qualified, but no failure to elect
| said Board of Directors shall be
considered or interpreted as for
fixture or abandonment of this
Charter.
ARTICLE vi.
One week after the election OF
said Board of Directors it shall
proceed to the election of Presi-
dent and Vice President from a
mOng the stockholders, and their
tenure of office shall last one year
and they shall exercise their office
until their successors shall have
been elected and qualified.
ARTICLE VII.
The President shall be vested
with full and exclusive control OF
/ L.