The weekly Iberian. (New Iberia, La.) 1894-1946, 1910-05-28
CHARTER OF TUE
IBERIA MOTOR GAR co, | Id.


United states of America
STAT Of loui N.
Parish Of Ihclia
BE II KNOWN That on this t1ti
day oi the mouth ol MAJ. \ =
INTO, before me. 1. laurent Ron
ouiot. notary Iuliie. ult.
W commissioned AND qualified
in and for the Parish Of lhoria stat,
Of Louisiana, aud III ihetpresCncc ol
the Witnesses hereinafter uamer
and undersigned
Personally c"~e ana appeared
Messrs. John A. Suite. John u
Schwing, Thsodor. l.. Miusielt, "
r. Keller, VI. Rondud " ho. eael
and all, declared that awaiting
themselves of the Jaws of the STATE
of Louisiaba. reInting 10 the on
ganigation Rud formation Of cor
poratous, they have coNcuanteH
and agreed, and thcyHdu Nv thoa,
prcsonte, covenant and agree f.
bind and, uhiigata% Themselves, ~
well "a sufn~r~tson or persons is
may hereafter Join or become aaqo
ciatcd with them. into corpora
ton. limited, or body polite III law
for the objects aud purposes and
under the agreements and stipula
tons following, TO Wit
ARTICLE I.
The name and style Of this COR
poration shall be: uBERIA Me-
TOR CAR co, Limited It's domi
ellie Is hereby fixed nj the city Of
New Iberia. in the Parish Of lhcria,
state Of Louisiana; il shall have
and enjoy succession for n period
OF % years; il may have and use n
corporate seal with such device as
may be selected by its Board Of hi
rectors; it shall have power to sue
and be sued in its corporate name
to contract. to have. receive. hold,
acquire. convey. ALLEVIATE,
hypothecatc, pledge,
and pawn property, both real aud
personal. TO employ, hire and TO
secure the services of such persons,
agents. officers, managers dircc-
tors and such other employees az
its interest and convenience may
require.
1t shall have power to adopt ana
establish such bylaws, rules and
"a may I've necessary
for the management Of its affairs.
ARTICLE ~.
The OBJECTS and purposes Of this
shall be to carry on
the business of buying and selling
automobiles, repairing same, 10
buy and sell supplies and accessor-
les for automobiles, to hire or rent
for carrying passon-
gers and to store autos. Also 10
buy and sell auto parts and TO as
'emble these parts and build or
automobiles
And IN fact to do any and all
things necessary and requisite 10
carry on the business in a profit
able way
ARTICLE III.
The capital stock of this corpora
ion is hereby fixed at Ten Thous-
and Dollars; divided into shares of
)ne Hundred Dollars each, PAYABLE
n money or its equivalent i'm prom
srty, either real or personal az it's
Board OF Directors may decide ::
his capital stock may be increased
o any amount within the limits
liked by the law governing the for
nation and organization of corpor-
atoms, limited; and in the appro-
Driation of said additional CAPITAL
'tOek, the stockholders shall be en-
itied to acquire same in proper
ION OF the amount which each pos
essed of the original stock.
This corporation may commence
BUSINESS as soon az Three Thous-
ND Dollars of the capital stock
hall have been subscribed and
lctually paid in.
ARTICLE ".
The corporate powers of this
orpOration shall be vested in and
xercised by Board of Directors
opposed of five stockholders.
hree OF whom shall constitute
uorum for the transaction of bus
ness. They shall be annually O.
ected by ballot at the office of the
ompany under such form and re-
ulations as may be adopted on the
lrst Monday of May of each
ear Each stakeholder voting.
ither in person or by proxy, be-
lg entitled to one vote for each
hare of stock owned by him.
Said Board Of Directors shall con
nue. in office until their success
rs shall have been elected and
ualified, but no failure Tn eiect
aid Board of Directors shall be
Dnsidered or interpreted as n for
,'ture Or abandonment of this
harter.
ARTICLE V.
One week after the election of
aid Board of Directors it shall |
roceed to the election of a Presi- /
ent and Vice President and Treas
rer and Secretary from a.
lOng the stockholders, and their |
'nure OF office shall last one year;
= I'm