The weekly Iberian. (New Iberia, La.) 1894-1946, 1910-04-16
CHARTER OF TIE
PLANTERS SUPPLY COMPANY
Limited.

Limited.
United States of America,
State Of Louisiana,
Parish of Iberia.
BE IT KNOWN: That on this 2st h
day OF the month of February, in
the year Of our Lord One thousand
nine hundred and ten, bAorc me,
Alfred Renoudet, NotarN Puolic,
duly coTmissipNsI and qtalfied.
in and for thcfarish Of Ibcri state
the witnesses lereinafterf named
perF onalle>xsmc and appeared ::
Melsrs. Frederick Decuir, Hon
ora Fpmero, Joseph Mgues, L. j.
GonsoNln. Joseph Norres, Ovee
Broussasl, D. J. Broussard, Elodias
Romero, J.aJs Rraquet, Charles Du-
gas, and Charles Gary, who, each
and all, declared that awaiting
themselves Of the laws of the State
of Louisiana, relating to the Or
ganization and formation of cor
porations, they have covenantcd
| and agreed, and they do by these
/ presents, covenant and agree to
/; bind and obligatc themselves, as
! we'll as such person or persons as
may hereafter Join or become asso-
| GATED with them, into corpora
ton. limited, or body polite in law
| FOR the objects and purposes and
under the agreements and stipula~
! tons following, to Wit =
ARTICLE /.
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 the Parish of Iberia.
State of Louisiana; it shall have
and enjoy succession for a period
OF . years; it may have and use
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, hypothecate, pledge.
and pawn property, both real and
personal. To employ, hire and to
secure the services of such persons,
agents, officers, managers F., direc-
tors and such other employees as
its interest and convenience may
require
1t shall have power to adopt and
establish such bylaws, rules and
regulations as may be necessary
for the management of its affairs.
ARTICLE II.
The object and purposes of this
corporation shall be to carry on
the business of buying and selling
merchandise of all kinds. hardware,
tnWare, crockery, glassware,
wooden and willow ware, saddlery,
stoves, agricultural implements and
general merchandise of whatsoev-
or description and kind they may
see fit; also buggies 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
i'll money or its equivalent in prop
erty, either real or personal as its
Board OF Directors may decide
this capital stock may be increased |
to any amount within the limits |
fixed by the law governing the for
nation and organization of corpOr-
atoms, limited; and in the appro-
priation of said additional capital |
stock, the stockholders 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 Board of Directors
composed of five stockholders,
three OF whom shall constitute
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 in 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 a 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 a Presi-
lent and Vice President from a.
nong the stockholders, and their
.enure of office shall last one year;
Ind 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
he mercantile transactions or af-
airs of this cOrporationn to the
md of which it was created; by
lin shall all purchases, sales, and
contracts of said corporation be eff !
ected; he, alone, shall draw and
ign it's checks, notes and o5liga- ,
ions in the course of its business: .