New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1913-03-08
ACT OF INCORPORATION
NEW IBERIA SANITARY LAUNDRY, LID

HtW lBtRIA SAN| |ARI LAUNDRY, LII
State of Louisiana, Parish of Iberia.
Be it known, that on this l4th day o
the month of February. i'll the year OF oul
Lord One Thousand Nina Hundred anc
Thirteen, before me. Nathan Davis No
taiy Public in and for the Parish of Iberia
State of Louisiana. duly commissioned
and qualified, and in the presence of the
witnesses hereinafter named and under
signe d, personally came and appeared:
Messrs. Havert S. Seally and Jules r.
nupuy residents ofthe city of New Iberia
Parish OF Iberia, and Homer Dnpuy, resi-,
dent of the city of New Orleans, Parish
or Orleans, all of full age, who declared
that, avaiing thu msrlves of the provisions
of he laws of this State, relative to cor
pol atious, and especially OF Act No 3t
Of 1883 of the Genel al A ssembly of Louis
lana, they have covenanted and agreed
and by these presents convenant ano
agree, and bind themselves, as well AS
such other persons as may hereafter be
come associated with them, to form and
constitute a corporation and body polite
in law, for the purpose and Objects, and
under the stipulations, articles and con
ditions following, to-wit
ARTICLE |.
The nnme ard title of the said corpor
alton shall be "New IBERIA Sanitary
Laundry, Ltd" and its doniclle 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 anduse IA corpor 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 hypolhecate, under
lis said corporate name, property, real
personal and mixed; to name and appoint
such Ulcers, directors, agents, managers
OF EN- pteyses, as the interest or eonven
,snce OF said cooperation may require; to
make and establish bylaws, rules and re
gulations for the proper management anC
regulation of its sffairs, as may be deem
ed nee. ssary and proper, aud the same X
change and alter at pleasure; and to dt
all other acts and things permitted by
law, or as shall or may be necessary anc
proper to carry out the objects and pur
poses of said corporation.
Said corporation, unless sooner dlssolv'
ed, in accordance with its charter, shal
exist and cor tinue for the period of TWEEN
tv-fiv. (25) years flom and after the date
hereof.
The pre- sident, or in his absence the
vice pre- sident, shall be the proper pe rsoL
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
de ella, ed to be the following, 10 wit:
To own and ouerate a steam laundry
and do general laundry business, and in
there with, to own and operate
any and all businesses incidenta! or in
any way appertaining to a general laun-
dry business.
ARTICLE III.
The capital stock ef the said corpora
ton shall be Ten Thousand Dollars ($lO,
900 OO), divided into and represented by
one hundred 1909 shares Of the sum OF
One hundred Dollars ($l0O) each, which
said stock shall be paid for in cash at the
of subscription, or the same may be issu-
I'd, ut not less than par, in payment or
exchange for pl, pc ty or rights actually
leceived or purchased by said cooperation,
or the same may be issued, full paid. tor
money advanced. and for such other val
uab BILE considerations or services as the
Board of Directors of said corporation
may determine; provided, that no stock
shall be issued uutil 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
he same be given the corporation, and
he other stockholders thereof shall have
he first privilege If pun chasing same,
after which thirty (30) days notice, the
said stock may be sold in oIen market.
The stock of said corporation may be
transferred under the above conditions,
provided such transfer thereof be made on
The books of said company, at its Office,
in the City ~ New Iberia, and on the sur
render of til certificate therefor. Nc
transfer ol ~ fractional part of share
shall be maur.
This corporation shall commence doing
business as soon as forty (4Ol shares OF
the capital stock shall have been subscrib
ed for.
The Board of Directors shall have
I he right TO determine how much stock
shall be issued.
ARTICLE w.
The corporate powers OF this company
shall be vested in and exercised by 8
board of three t3) directors, consisting
of the president, who shall also be-of cit
the treasurer of said corporation, the vice
y esd. nj and one q stakeholder; how
ever, the membership of the board Of
directors may be increased to five (5) BY
vote of the majority of the issued stocl
of he corporation ut any called or specia
meeting held for that purpose.
majority of the membership Of the
board of directors shall constitute 8
quorum for the transaction of business
aud their decisions shall be valid corporate
acts.
The following persons shall constitute
the first board of directors Of this cor
poration: Havert $. Ssaly, president
Jules f. Dupuy, vice president, ano
Homer Dupuy.
No person shall be eligible as director
or an officer who is not n stockholder oil
this corpol atlon; provided, however, that
the board of directors may elect Score.
taIy who need not be a stockholders, with
the right to dismiss him at its pleasure,
as hereinafter provided.
During the absence cot the president.
the vice president shall act and preside.
Said board shall continue in Office until
the first Monday in in January. 1914, on
which date and thereafter. annually, on
the fifteenth day OF January, OF each
year, a boaad of directors shall be elect ed
that should fixed date be holi.
day, the election shall be held on the next
legal day thereafter.
Notice of such election shall be given
by at least twenty coy days publication
preceding each election, 10
one of the weekly English newspapers of
this City; and the board of directors
shall appoint one or more stockholders
10 preside at such election az commits.
sioners. In the event of the failure of
any commissioner or commissionersto at
END, the president shall, by appointment,
gil the vacancy or vacancies. ANY failure
from any cause whatever to elect direct
,rs the day named for that purpose shall
not dissolve the corporation, but directors
hen In Office, as well as the officers of
shall hold over until their
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