New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1911-08-19
CHARTER
New |be1i0 Furniture \ Mercantile Go.

United States Of Americs, State Of Louisiana
Parish Of Iberia, City of New lberu.
Be it known, that OF this 9Th day Of July, In
the year 1911, before me, Ventres, !. Smith, :
notary public, duly commissioned and qualified ir
and for the Parish Of beta, State of Louisiana
personally came and appeared the parties whose
names are hereunto subscribed, who declared, th4,
avainH themselves of the laws OF this State OF
Louisiana, relative to the formation of corpora
tons, they have covensnted and agreed and BY
these present co covenant and agree, and bind and
obligate themselves rs well as all such other per
sons who may hereafter become associated with
them, or their successors, to form and constitute
corporation or body polite in law, for the objects
and purposes and under the agreements and supu-
lations 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 period Of twenty five years from the
date hereof, uAess dissolved, hereinafter
set forth. ARTICLE II.
The domcile of this corporation shall be in
New iberia, louisiana and all citations or ether
legal process shall be served upon the Preside t
and in his absence or inability to act, upon the
Vice President or in the absence of both, on the
Secretary.
1t shall have the power to contract, sue md be
sued under its corporate name; to have and use a
corporate seal and the same TO break or alter at
pleasure; to hold, receive, rent, sell and purchase
as well as mortgage and hypsthecate property,
both real and PERSONAL to borrow and lend money
tor the purposes Of its business; to appoint such
directors and employees the interest may re.
quire; to make ard establish such bylaws, rules
and regulations may be necessary and proper;
and generally, do everything necessary to carry out
the objects and purposes of thi, corporation
ARTICLE IIf
The objects and purposes for which this cor
poration is formed and the nature Of the business
to be carried on by it are declared to be: The
conducting of a Furniture and general Mercantile
business and the manufacturing, buying and selling
Of kindred lines of articles.
ARTICLE w
The capital cock of this corporation shall be
the sum Of ten thousand dollars, divided into one
hundred share Of the par value of one hundred
doars each, nyable in cash when called for BY the
Boa'd Of Directors, or may be given for the Pur-
chase Of property for services actually rsndevd
or good will, a. 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 stockholder desires to dispose
Of his stock, same shall be first offered to this
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 same shall be offered to the individual stock
holders, who shall have five days in which to rur-
chase same, At its book value; and If not purchased,
,uch stock may be sold in open market
This corporation may begin business as 5000 a,
three thousand dollars worth of ock shall have
been subscribed and paid for.
ARTICLE v
All the cooperate powers of this corporation
and the entire management and control of its
business shall be vested in and exercised by a
Board OF Directors, to be composed of net less
han three stockholders majority Of whom shall
constitute a-quorum for the transRctiOn of bust
ness, and who may be present il person or by
proxy. The directors of this corporation shall
10 elected annually, on the first Monday in
September, at \ general meeting of the stock.
iQi6as. to be held ut the Office Of this Conn any
liter five days notice thereof shall have been
given by the Secretary in writing, and Dy mail
10 each stockholder. Said election shall By by
,alls1 and each stakeholder shall be entitled t.,
me vote, which may be east by him in person or
~ proxy. majority OF votes cast shall elect
The Board shall elect from among 10 members
vhom shall Id office until the next election and
he successors qualified
The first Board of Directors shall be r r.
shilling, Max A. Shilling, and Josie w. Shilling
!. Z. Shilling. as President, Max A. Shilling ~
lice President and Jessie W. Shilling as Secre
AIRY.
ARTICLE vi
This act of Incorporating may be changed or
amended, or this corporation may be dissolved.
With the assent of three. foufths of the stoek mr..
ent or represented at general meeting Of the
teckhOlders convened for that purpose, after
hirty days notice, by publication In q news.
'aPsr in the City Of r New Iberi.
When this corporation is dissolved, by limita.
ion or from any other cause, its affairs shall be-
iquidated by two commissioners. to be selected
y majority vote Of tho stockholders, present
r rep esented Should any commissioner fail or
efuse W act, from any cause, the others shall,
ave full power to act alone; and on the failure
r refusal of both cOmmiss ioners to act from am
ause, the stockholders may select other com
nssioners in the manner above provided.
ARTICLE VIII
No stoccholder shall be held liable or respons,
lie for the contracts, debts fsults Of this cor
Grafton IN any further sum than than the unpaid
aianee due on shares subscribed for by him
T them nor shall any mere informaitv In organ. |
.aticn have the effect OF rendering this charter
oil or exposing stakeholder to any liability
eyOnd the amount due by him for unpaid stock.
Thas dens and passed In my Office in the City Of |
ew Iberia, on the day, month and year herein |
urke and Y. W, Baaman, competent witnesses. |
no have hereunts signed their name with said |
ppearers and me sstary.
tOriginal signed,
4. SHILLING. ...........l SHARE
OSIE W. SHILLING. - SHAREs |
Ans'ss'' :. W. BAUnAn.