New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1915-01-16


{ Hundred Dollars (s1oo.oo) each, whic
said stock shall be paid for in cash ,
the time of subscription, or the sam
may be issued at not less than par
payment or exchange for property c
rights actually received or purchased b
said corporation; or the same may be is
sued full paid for money advanced, Q
for such other valuable consideration Q
services as the Board of Directors of sal
corporation may determine; provided
that no stock shall be issued until th
consideration therefor has been receive,
by said corporation,
The said corporation intending to &C
quire the commercial business of julie.
Dreyfus Company, a partnership now
organized in the City of New Iberia, anc
composed of Jules Dreyfus and Henry
Meyer, and to issue stock for said bust
ness and all of its assets there is at
tached and annexed her 10 and to be read
in connection with this Charter an &C
curate detailed and itemized description
OF such property, together with state
ment of its value as appraised by the
Directors, and the statement of the value
placed upon the good will included in
the capital stock, all in conformity with
Section Three of Act 267 of the General
Assembly of Louisiana of the year 1914.
Every sale of stock shall be made on
the books of the company at its office
and on the surrender of the certificate
therefor, a new certificate being issued
to the proper holder thereof. The CAPT.
"a ~ h.
creased to Fifty Thousand Dollars.
This corporation shall commence do
ing business as soon as Fifteen Thou
sand Dollars $l5,OO0.0O) of the capital
stock shall have been subscribed for.
The Board of Directors shall have the
power to determine how much stock
shall be issued.
ARTICLE w.
The corporate powers of this company
shall be vested in and exercised by a
Board of three Directors, from whom
shall be elected President, the Vice
President and the Secretary who shall
also be Treasurer.
The following persons each declaring
that he or she is the bona fide owner
of a share of stock herein, shall con-
stitute the first Board of Directors:
Jules Dreyfus, whose Post Office ad-
dress is New Iberia, Louisiana; Henry
Meyer, whose Post Office address is New
Iberia, Louisiana; and Mrs. Hermance
Meyer, whose Post Office address is New
Iberia, LOUISIANA. And Jules Dreyfus
shall be President, Mrs. Hermance Drey-
fus Meyer shall be Vice President and
Henry Meyer, Secretary and Ex-Offic1o
Treasurer.
The said Board shall continue in Of
flee until the first Monday of January
1916, on which date and thereafter an
nually the Board of Directors shall be
elected, the meeting of the stockholders
being held at Ten o'clock A. M. of said
day unless the same shall be a holiday,
when the election shall be held on the
aext legal day thereafter; and the Board
If Directors so elected shall at once pro-
ICED to the election of the officers here
nabove provided for, who shall hold
'ffice for one year.
Notice of the meeting of stockhold- |
RS for the purpose of said election and |
or other purposes incident to the trans
lction of corporate business shall be de- F.!
ivered personally or by depositing in !
he Post Office properly addressed to !
ZACH stakeholder at least fifteen days !
'efore such meeting.
The Board of Directors shall appoint
me stakeholder to preside at such cleo
ion as Commissioner. In the event of
he failure of the Commission to at
end, the President shall by appointment
i'll the vacancy. Any failure from any
ause whatever to elect Directors the day
lamed for that purpose shall not dis
olive the corporation, but the Directors
n office, as well as the officers of said
ompany, shall hold over until their sue
essors are chosen. In such event the
President shall cause another election to
'e held within thirty days, giving the
lotice required by law.
At every election and meeting each
tockholder shall be entitled to vote for
ach share of stock registered in his
anne, and may vote by proxy.
The election of Directors shall be by
allot and majority in amount of votes
asst, each share of stock voted upon to
e counted for one vote, shall elect the
erson or persons for whom they have
cen cast.
After each election the Board of Di-
ectors shall elect from their own num-
er the officers of said Company.
ARTICLE v.
The full corporate power of this cor
Grafton is invested in the Board of
directors. It shall frame and adopt
UGH by laws, rules and regulations As
he affairs and business Of the corpora
ion may require and as it may deem
ecessary for the conducting and man
cement thereof, provided the same
hall not conflict with this Charter or
nth the laws of the State and of the
United States. It shall appoint agents,
Employees, servants and clerks as it
,ay deem proper, fixing their eompen-
srion, term of service, and discussing
hem at pleasure, and shall have the
ght to fix and determine the salaries
{ the several officers herein provided
u.
ARTICLE vi. /
In the case Of dissolution or +srinina-
ION of this corporation, either by ;iiai-
,tion of its Charter or from any cause,
he liquidation Of its affairs shall be
onducted by one liqui1a.or selec+s1 ty
he stockholders with all the authority