New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1915-01-23
Hundred Dollars ($1oo.OO) each, VIII


said stock shall be paid for in cash a
the time Of subscription, OF the sam
may be issued at not less than par i,
payment or exchange for property o
rights actually received or purchased b,
said corporation; or the same may be is
sued full paid for money advanced, O
for such other valuable consideration o.
services as the Board of Directors of sale
corporation may determine; provided
that no stock shall be issued until the
consideration therefor has been received
by said corporation.
The said corporation intending to &C
qu're the commercial business of Jules
Dreytus * Company, a partnership now
organized in the City of New Iberia, and
composed of Jules Dreyfus and Henry
Meyer, and to issue stock for said bust
ness and all of its assets there is at
tachsd and annexed her 10 and to be read
In connection with this Charter an ac-
curate detailed and itemized description
OF such property, together with a state
ment OF It's 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, new certificate being issued
to the proper holder thereof The CAPT
tai stock OF this corporation may be in
creased to Fifty Thousand Dollars.
This corporation shall commence do
ing business as soon as Fifteen Thou
sand Dollars $15,0000O) 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
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 fde owner
of . 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 Elk Officio
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. NJ of said
day unless the same shall be holiday,
when the election shall be held on the
next 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
office for one year.
Notice of the meeting of stockhold-
RS for the purpose Of said election and
or other purposes incident to the trans
action of corporate business shall be de-
ivsred personally or by depositing in
he Post Office properly addressed to
zach stakeholder at least fifteen days
before 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
famed 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
resident shall cause another election to
'e held within thirty days, giving the
'otice 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
sllot and majority in amount Of votes
ut, each share of stock voted upon to
. counted for one vote, shall elect the
srson or persons for whom they have
cen cast.
After each election the Board OF Di-
sctors shall elect from their own num-
er the officers of said Company.
ARTICLE v.
The full corporate power Of this cor
grafton 10 invested in the Board Of
directors. It shall frame and adopt
ach by laws, rules and regulations ~
10 affairs and business Of the corpora
on may require and ~ 1t may deem
for the conducting and man
cement thereof, provided the same
aall not conflict with this Charter or
18th the laws of the State and Of the
'nited States. II shall appoint szents,
Employees, servants and clerks - II
'ay deem proper, fixing their eompsn-
'sion, term Of service, and Diminishing 1
lem 1t pleasure, and shall have the
ght to fix and determine the salaries
the several officers herein provided
q.
ARTICLE VI. I,
Ia the case Of dissolution or tsr,nina-
on Of this corporation, either BY iiiai-
ton Of it, Charter or from any cause,
- Liquidation Of its affairs shall be
INDICTED BY one liquids.or sslsc.,i ty
le stockholders with all the authority ,
rsnted by provisions of Section ~ Of