New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1913-03-01
ACT OF INCORPORATIO
OF THE
NEW IBERIA SANITARY LAUNDRY, LID

State of Louisiana, Parish of Iberia.
Be it known, that on this l4th day
the month of February. in the year OF OF
Lord One Thousand Nina Hundred an
Thirteen, before me, Nathan Davis a N,
taiy Public in and for the Parish of Iberi,
State of Louisiana, duly commissions
and qualified, and in the presence of tn
witnesses hereinafter named and undel
signed, personally came and appeared:
Messrs. Havert S. Seally and Jules
Dupuy residents ofthe city of New lberis
Parish OF Iberia and Homer Dupuy, resi-
dent of the city of New Orleans, Paris
or Orleans, all of full age, who declare
that. awaiting themselves of the provision
of the laws of this State, relative to col
Separations, and especially OF Act No. 3
OF 1883 of the Gene1 al A ssembly Of Louis
lana, they have covenanted and agreed
and by these presents covenant an
agree, and bind themselves, rs well a
snch other persons as may hereafter be
come associated with them, to form an,
constitute corporation and body pOlti
in law, for the purpose and objects, ant
under the stipulations, articles and con
ditions following, to-wit:
ARTICLE /.
| The name ard tit le of the said corpor
alton shall be New iberia Sanitar.
Laundry, Ltd" and it's domicile 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 ant
be sued; to make andu a corpola ate 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
lbs said corporate name, property, real
personal and mixed; to name and appoint
sHch officers, directors, agents, managers
| or employees, as the interest or eOnvSn
isnes Of said corporation may require; tt
make and establish bylaws, rules and re
gula,ions for the proper management anC
regulation Of its affairs, as may be deem
ed meet ssary and proper, and the same y
change and alter at pleasure; and to dc
all other acts and things permitted by
law, or as shall or may be necessary and
proper to carry out the objects and pur'
poses of said corporation.
Said corporation, unless sooner diss0lv-
ed, in accordance with its charter, shall
exist and continue for the period of TWEEN
ty-five (25) years from 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 III.
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, 10 wit:
To own and operate a steam laundry
and do a general laundry business, and in
connection therewit to own and operate
auy and all businesses incidental or in
any way appertaining to general laun-
dry business.
ARTICLE Ill.
The capital stock Of the said corpora
ton shall be Ten Thousand Dollars $50,
600 OO), divided into and represented by
one hundred 1907 shares Of the sum of
One hundred Dollars ($lOO) each, which
slid 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, aud 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
corporation.
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 (30) days notice, the
said stock may be sold in open market.
The stock of said corporation may be
under the above conditions,
provided snch 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 as soon HI forty (4U) shares Of
The capt. al stock shall! have been subscrib-
I'd for.
J he Board of Directors shall have
he right to determine how much stock
shall be- issued
ARTICLE ~.
The corporate powers OF this company
shall be vested i'll and exercised by a
board of three (3) directors, consisting
If the president, who shall also be OtficiO
he treasurer of said corporation, the vice
0, resident and one ~ stakeholder; how
aver, the membership of the board of
. vote OF the ma ority of the issued stock
IF the corporation at any called or special
meeting held for that purpose.
A majority of the membership of the
BOARD of directors shall constitute al
for the transaction Of business, |
md their de cisions shall be valid corporate
,cts.
The following persons shall constitute
he first board of directors Of this cor
,oration: Havert 8. Ssaly, president,
Jules +. Duruy, vice president, and
homer Dupuy.
NJ person shall be eligible as director !
u an officer who is not a stockhoIder OF
his corporation; provided, however, that
aIy who need not be a stockholders, with |
he right to dismiss him at its pleasure,
IS hereinafter provided.
During the absence of the president, |
he vice president shall act and preside.
Said board shall continue in office ustil |
he first Monday in in January. 1914, on
which date and thereafter. annually, on
he fifteenth day OF January, OF each
ear, q board of directors shall be elect ed;
rovided, that should fixed date be holi-
ay, the election shall be held on the next |
sgal day thereafter.
Notice of such election shall be given
y at least twenty coy days publication
preceding each election, in
ne of the weekly English newspapers Of
his City; and the board OF directors
hall appoint one or more stockholders
D preside at such election 40 commits
toner's. In the eve mt OF the failure Of
ny commissioner or commissioners to at
and, the president shall, by appointment,
II the vacancy or vacancies. ANY failure
rom any cause whatever to elect direct.
re- the day named for that purpose shall
OF dissolve the corporation, but directors
len in Office, as well ~ the officers of
shall hold over until their
lccessors are chosen.
In such event the president shall cause
mother election to be held within thirty
,0) DAYS, and shall give notice thereof
, herein before provided.
At every election and meeting each
n 1