New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1911-08-05
CHARTER
New |bG[i0 Furniture \ Mercantile 20

United States of America, State of Louisiana,
Parish of Iberia, City of New iberia.
Be it known, that on this 18th day of July, in
the year 1911, before me, Ventress Smith, a
notary pubic, duly commissioned and qualified in
! al for he P,rsh of iberia, State of Louisiana,
personally Game and appeared the parties whose
names are hereunto subscribed, who declared, that
ayailing themselves Of the laws of this State of
Louisiana, relative to the formation of corpora
ions, they have covenantcd and agreed and BY
these present covenant and agree, and bind and
obligae themselves we'll all such OF her per
SONS who may hereafter become associated with
them, or their successors, to form and consttutr
corporation or body polite in law, for rhe objects
and purposes and under the agreements and stipu-
atoms following to-wit
ARTICLE
The name of this corporation shall be tie
NEW IBERIA FURNITURE AND MEk-
CAMILLE COMPANY, and shall have an ex-
stance for period of twenty five years from the
date hereof, unless dissolved as hereinafter
set forth. ARTICLE IL.
The donioile of this corrorat on shall be in
New Iberia, Louisi ma, and all citations or other
gal process shall be served upon tie Presid
and in his absence or inability to act, upon the
Secretary.
1t shall have the power to contract, sue md be
sued, VI der its corporate name; to hav1 and
corporate seal and the same to break or aker at
pleasure; to hold, receive, rent sell and purchase,
IS well mortgage and hyPothecate property,
both real ard personal, to borrow and end none.
tor the purposes of its business; to appoint such
directors and employees as the interest may re.
quire; tn make ard establish such bylaws, rules
and regulations may be necessary and proper;
and generally, do everything necessary to carry out
the obj, cts and purposes of thi, corporation.
ARTICLE III
The objects and purposes for which this cor
poration il formed and the ma ure of the business
to be carried on by it are declared to be: The
conducting of a Furniture and & neral Mercantile
business and the manufacturing, buying and selling
of kndred lines of articles.
ARTICLE w
The capital stock of this corporation shall be
the sum Of ten thousand dollars, divided into one
hundred shares of the par value of hundred
dollars each, payable in cash when called for BY the
B,a of Directors, or may be given for thu pur-
chase of property for service, actually dered
or good will, as the Board of Directors may elect.
No transfer of stock shall be recognized unless
made upon the books of the company.
In the event any stookholder desires to dispose
of his stock, same shall be first offered to this
e,rporation and ten days allowed vthn to pur-
chase said stock, at its book value, but in the
event this corporation should purchase said
stock, same ,ha be offered to the individual stock
holders, who shall have five days in which to pur-
chase same at its book value and if not purchased
such stock may be sold in open market.
This corporation may begin business as soon as
three thousand dollars worth of ock shall have
been subscribed and paid for.
ARTICLE V
All the corporate powers Of this corporation
and the entire management and control of its
business shall be vested in and exercised by
b ,ard of Directors TO be imposed of not less
than three stockholders n ma jority of whom shall
constitute quorum for the transaction of bust.
ness, and who may be present il person or by
pr KY. 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 Company
after five days notice thereof shall have been
given ~ the Secretary in writing and by mali
Co each stakeholder. Said election shall be by
ballse and each stakeholder shall be entitled to
one vote, which may be cast by him in person or
by proxy. A majority of woes cast shall sect
The Board shall elect from among 8 me III bers
a President Vice President, and Secretary, all of
whom shall Id Office until the next election and
the su .ccSeOrS quallHeu
The first Board of Directors shall be T E.
Shilling, Max A. Shilling, and Josie W Shilling.
T. e. Shilling, Ms President Max A. Shilling a,
Vice President and Josie w, Shilling as Secre.
tary.
ARTICLE vi
This act of incorporation may be changed or
amended, or this corporation may be dissolved
with the assent of efourths of the stock pre-.
sent or represented at general meeting of the
convened for that purpose, after
thirty days notice, by publication in a news.
paper in the City of New iberia.
ARTICLE VII
When this corporation is dissolved by Imita.
ton or from any other cause, its affairs shall be
liquidated by two comm issiUners, to be selected
by q majority vote of the st0ckholders present
or represented Should any com IN issioner fail or
refuse to act, from any cause, the others .hxls
or refusal of both commissioners to act from any
cause, the stockhOld RS may select other com.
missioners in the manner above provided
ARTICLE VIII.
No stakeholder shall be held liable or response. |
BILE for the contracts, debts fruits of this cor
poration in any further sum than than the unpaid
balance due on shares subscribed for by him |
or them nor shall any mere informalitv in organ. |
izaton have the effect of rendering this charter
null or exposing u stakeholder to any liability |
beyond the amount due by him for unpaid stock |
Thus done and passed in my Office in the CITY of |
New Iberia, on the day, month and year herein |
irst above written in the presence Of w. L. |
Burke and +. W, Bauman, ompetent witnesses. |
rho have hereunto signed their name with said |
Appearers and me notary.
tOriginal signed,
MAX A. SHILLING. ........ 20 SHARES
T. f. SHILLING. .............l SHARE
JOSIE W. SHILLING . - SHARES |
Witnesses. W. L. BURKE.
vESTRESSJ SMITH, Notary Public.