New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1913-02-22
ACT OF INCORPORATION
NEW IBERIA SANITARY LAUNDRY, Lid

State of Louisiana, Parish of iberia.
Be it known, that on this l4th day o
the month of February. in the year OF ou1
Lord One Thousand Nina Hundred ant
Thirteen, before me. Nathan Davis No
taly Public in and for the Parish of Iberia
State of Louisiana, duly commissioned
and qualified, and in the presence OF tht
witnesses hereinafter named and under
signed, personally came and appeared:
Messrs. Havert S. Seally and Jules E.
Dupuy residents ofthe city of New Iberia
Parish of Iberia, and Homer Dupuy, resi-
dent of the city of New Orleans, Parish
or Orleans, all Of full age, who declared
that. availing themselves of the provisions
of the laws of this State, relative to cor.
poratious, and especially OF Act No. sc
of 1883 of the GeneI al Assembly of Louis
lana, they have covenanted and agreed,
and by these presenta covenant and
agree, and bind themselves, as we'll as
such other persons as may hereafter he
come associated with them, to form and
constitute corporation and body polite
in law, for the purpose and objects, and
under the stipulations, articles and con-
ditions following, to-wit:
| ARTICLE l.
The name and title of the said eorpOr
alton shall be "New Iberia Sanitary
Laundry, Ltd" and its domicle is here
by established in the City of New Iberia,
Iberia Parish, La, and under its said cor
porate name, said corporation shall have
power and authority to contract, sue and
be sued; to make and use corporate seal,
and the same to break and alter at pleas
ure; to hold, receive, have, purchase. i'm
prove, ALLEVIATE, convey, sell, borrow,
pledge, mortgage and hypothecate, under
its said corporate name, property, real,
personal and mixed; to name and appoint
such officers, directors, agents, managers,
or employees, as the interest or conven-
ience Of said corporation may require; to
make and establish bylaws, rules and re-
gulations for the pi Oper management and
regulation Of its affairs, as may be deem
| ed necs ssary and proper, and the same to
change and alter at pleasure; and to do
| all other acts and things permitted by
| law, or rs shall or may be necessary and
proper to carry out the objects and pur-
poses of said corporation.
Said corporation, unless sooner dissolv-
ed, in accordance with it's charter, shall
exist and continue for the period of TWEEN
tvive (25) years fronts and after the date
hereof.
The president, or in his absence the
vice president, shall be the proper person
upon whom citation or other legal process
shall be served.
ARTICLE II.
The objects and purposes for which this
corporation is organized, and the nature
of the business to be carried on by it, are
declared to be the following, to wit:
To own and operate a steam laundry
and do general laundry business, and in
connection Herewith, to own and operate
auy and all businesses incidental or in
any way appertaining to a general laun
dry business.
ARTICLE III.
The capital stock Of the said corpora
tion shall DO Ten Thousand Dollars ($lO,
900. 0O), divided into and represented by
one hundred 1909 shares Of the sum Of
One hundred Dollars ($lOO) each, which
said stock shall be paid for in cash at the
Of subscription, or the same may be issu-
ed, at not less than par, in payment or
exchange for property or rights actually |
received or purchased by said cooperation, |
or the same may be issued, full paid, tor
money advanced, and for such other val !
liable considerations or services as the |
Board of Directors of said corporation |
may determine; provided, that no stock !
shall be issued until the consideration |
therefor has been received by the said |
Any stakeholder may sell, assign or
transfer his stock in this corporation,
provided thirty (30) days prior notice of |
such intention to sell, assign or transfer
the same be given the corporation, and
the other stockholders thereof shall have
the first privilege Of purchasing same,
after which thirty (3O) days notice, the
said stock may be sold in open 10 arket.
The stock of said corporation may be
under the above conditions,
provided such transfer thereof be made on
The books Of said company, at its Office,
in the City Of New Iberia, and on the sur
render OF the certificate therefor. No
transfer of any fractional part of share
shall be made.
This corporation shall commence doing
business % soon as forty (4O) shares Of
The capital stock shall haye been spbscrib-
ed for.
The Board of Directors shall have
he right to determine how much stock
shall be issued.
ARTICLE Nv.
The corporate powers Of this company
shall be vested in and exercised by
BOARD Of three (3) directt rs, consisting
If the president, who shall also be-o1icio
he treasurer OF said corporation, the vice
president and one ~ stakeholder; how
,ver, the membership of the board of
directors may be increased to five (5) byI
! vote OF the majority of the issued stock
If the corporation at any called OF special
Meeting held for that purpose.
A majority of the membership of the
BOARD of directors shall constitute al
quorum for the transaction of business,
ind their decisions shall be valid corporate
tets.
The following persons shall constitute
he first board of directors Of this COR
,oration: Havert 8. Ssaly, president,
Jules E. Dupuy, vice president, and
Homer Dupuy. |.
No person shall be eligible as director
II an officer who is not stakeholder OF
bis corporation; provided, however, that
he board of directors may elect Heere-
airy who need not be stockholders, with
he right to dismiss him 1t its pleasure,
IS hereinafter provided. Il
During the absence of the president,
he vice president shall act and preside. +
Said board shall continue in once until
be first Monday in in January, 1914, on
Which date and thereafter, annually, on
be fifteenth day Of January, Of each
ear, . board of directors shall be elected; I
that should fixed date be a holi.
ay, the election shall be held on the next
sgal day thereafter. Il
Notice of such election shall be given ,
y at least twenty (20) days public alton 1
preceding each election, in !
ne of the weekly English newspapers Of q
his City; and the board OF directors
hall appoint one or moro stockholders =
!, preside At spch election 40 eommis- !
toner's. In the event OF the failure of 4
ny commissioner or commissioners to st-
md, the president shall, by appointment,
II the vacancy or vacancies. Any failure g
om any cause whatever to elect direct
rs the day named for that purpose shall ]
OF dissolve the corporation, but directors
len In Office, - we'll ~ the officers of
shall hold oyer until their
lcssssors are chosen.
In such event the president shall cause