New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1911-07-29
CHARTER
New |be[iQ Furniture I Mercantile 20

United States of America, State of Louisiana
| Parish of iberia, City of New iberia
Be it known, that on this I2th day of July, il
the year 1911, before me, Ventress l. Smith,
notary public, duly commissioned and qualified il
ard for he Parish OF iberia, State of Louisiana
personally came and appeared the parties who's
names are hereunto subscribed, who declared, tia
awaiting themselves of the laws of this State o
Louisiana, relative to the formation of corpora
| tons, they nave covenanted and agreed and b,
these present do enant and agree, and bind anc
| oblgate themselves as well as all such ther per
sons who may hereafter become associated with
them, their successors, to form and constitute
corporation or body polite in law, for the object.
and purposes and under the agreements and stpu-
latons following to-wit:
ARTICLE
The name of this corporation shall be the
NEW IBERIA FURNITURE AND MEk-
CAMILLE COMPANY, and shall have an ex-
stance for a period of twenty FIVE years from the
date hereof, unless sooner dissolved, as hereinafter
set forth. ARTICLE II.
The domicie of this corporation shall be in
New iberia, Louisiana; and all citations or othe
l. gal process shall be served upon the Preside I
and in his absence inability to act, upon the
Vice Presid=nt or in the absence of both, on the
Secretary.
1t shall have the power to -eontraet, .ue md be
sued, VI der its corporate name; to have and use
corporate seal and the same to break or alter at
peasurej to hold receive, rent, sell and purchase,
as we'll as mortgage and hypothecate property,
both real ard pc sonal, to borrow and lend moner
81 rs k,,et
directors md employees as the interest may re
quire; to make ard establish such bylaws, rules
and regulations as may be necessary and proper;
and generally, do everything necessary to carry out
the objects and purposes of rhi, corporation.
ARTICLE III
The objects and purposes for which this cor
poration is formed and the nature of the business
to be carried on by it declared to be: The
conducting of a Furniture and & neral Mercantile
business and the manufacturing, buying and selling
Of kindred lines of articles.
ARTICLE Nv
The capital stock of this corporation shall be
the sum of ten thousand dollars, divided into one
hundred shares of the par value of one hundred
dollars each, payable in cash when called for BY the
Board OF Directors, or may be given for the pur-
chase of property for services actually rendered
or good will, as the Board of Directors NAV elect.
No transfer of stock shall be recognized unless
made upon the books of the company.
In the event any stakeholder desires to dispose
of his stock, same shall be first offered to this
corporation and ten days allowed within to pur-
chase said stock, at its book value; but in the
event this corporation should NOT purchase said
stock, shall be offered to the individual stock
holders, who snail have five days in which to rur-
chase same, at its book value; and if not purchased,
such stock may be sold in open market
This corporation may begin business as so N as
three thousand dollars worth Of ock shall have
been subscribed and paid for.
ARTICLE v
All the corporate powers of this corporation
business shall be vested in and exercised by
Board OF Directors to be composed of not less
than three Stockholders majority of whom shall
quorum for the transaction Of bust
ness and who may be present il person or BY
proxy. The directors of this corporation shall
be elected annually, on the first Monday in
September. at general meeting of the stock
holders. to be held at the Office of this Com pany
after five days notice thereof shall have been
given ny the Secretary in writing, and py mail.
10 each stakeholder SAID election shall be nv
,ne vote, which may be cast by him in person or
oy proxy. majority of woes cast shall eject.
The Board shall elect from among i 4 members
Pre- ident Vice. President, and Secretary all of
whom shall ldoiiiee until the next election and
he su ccssors qualified
The first Board of Directors shall be T E
Shilling, Max A. Shilling, and Josie W Shilling,
T. e. Shilling, as President Max A. ShiIl no a.
1ic.- President and Josie W. shilling as s.cre'
AIRY.
This act of incorporation may be changed or
amended, or this corporation may be dissolved |
With the assent of three-fourths of the stock Dr,
ent or represented at 4 general meeting of the |
convened for that purpose, after
hirty days notice, by q publication In a. news. |
,aper in the City of New Iberia.
ARTICLE VII
When this corporation is dissolved by limita |
ion or from any other cause, it's affairs shall b.
iquidated by two commissioners, to be selected
y . majority vote of the stockholders present |
r represented Should any commissioner fail or |
efuse TO act. from any cause, the others shall |
ave full power to ACT alone; and on the failur.
r refusal of both commissioners to act from mn
ause, the stockhoid ,rs may select other com.
aissiOners in the manner above provided.
ARTICLE VIII.
No stoccholder shall be held liable or RESPONSE.
le for the contracts, debts or fsults of this cor
GRAFTON In any further sum than than the unpaid
slxnce due on shares subscribed for by him
T them nor shall any mere informalitv in organ.
alton have the effect OF rendering this charter
ull or exposing a stakeholder to any liability
eyond the amount due by him for unpaid stock.
Thus done and passed in my Office in the City of
ew iDeria' on the day, month and year herein
rst above written in the presence of w. L..
urke and +. W, Bauman, conn etent witnesses.
no have hereunto signed their name with said
ppearers and me notary.
[Original signed,J
AK A. SHILLING. ....... 20 SHARES
Z. SHILLING ..........1 SHARE
OSIE W. SHILLING q SHARESi
r;.,.. W. l.. BURKE
's"e'eo'' F. W. BAUMAN
VENTRESSJ. SMITH, Notary Public.
/
State Of Louisiana. Parish Of Iberia
J. d.LeBlanc, Jr., Deputy Clerk OF Court