New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1915-02-06

B
the time of subscription, or the same
may be issued at not less than par III
payment or exchange for property or
rights actually received or purchased by
said corporation; or the same may be is
sued full paid for money advanced, or
for such other valuable consideration 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 said corporation.
The said coli oration intending to &C
quire the commercial business of Jules
Dreyfus & 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
tached and annexed her TO 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, 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
inc hfts
sand Dollars ISIS 100000 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 ".
The corporate powers of this company
shall be vested in and exercised by
Board of three Directors, from whom
shall be elected a 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 Elk Officfo
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 holiday,
when the election shall be held on the
next legal day thereafter; and the Board
of Directors so elected shall at once pro-
coed to the election of the officers here
inabove provided for, who shall hold
office for one year.
Notice of the meeting Of stockhold-
ers for the purpose of said election and
for other purposes incident to the trans
action of corporate business shall be de-
livered personally or by depositing in
the Post Office properly addressed to
each stakeholder at least fifteen days
before such meeting.
| The Board of Directors shall appoint
one stakeholder to preside at such cleo
ton as Commissioner. In the event of
the failure of the Com mission to at
tend, the President shall by appointment
fill the vacancy. Any failure from any
cause whatever to elect Directors the day
named for that purpose shall not dis
solve the corporation, but the Directors
IN offt he 0f
company, shall hold over until their sue
cessors are chosen. In such event the
President shall cause another election to
be held within thirty days, giving the
notice required by law.
At every election and meeting each
stakeholder shall be entitled to vote for
each share of stock registered in his
name, and may vote by proxy.
The election of Directors shall be by
ballot and majority in amount of votes
cast, each share of stock voted upon to
be counted for one vote, shall elect the
person or persons for whom they have
been cast.
After each election the Board Of Di-
rectors shall elect from their own num-
Der the officers of said Company.
The full corporate power of this cor
poration Is invested in the Board Of
Directors. It shall frame and adopt
such by laws, rules and regulations ~
the affairs and business Of the corpora
ton may require and as il may deem
necessary for the conducting and man
agement thereof, provided the same
shall not conflict with this Charter or
with the laws Of the State and of the
United States. 1t shall appoint agents,
employees, servants and clerks as IL
may deem proper, fixing their eompen-
SETON, term of service, and dismiss.nR
them At pleasure, and shall have the
right to fix and determine the saiarics
of the several officers herein provided
for. :.
ARTICLE VI
| Ia the case of dissolution or 'snaii,a-
ton Of this corporation, either by ,i,oi-
II tion Of its Charter or from any cause.
tbs liquidation of its affairs shall be
conducted by one liquida.or selec's1 ~
the stockholders with all the authority
granted by provisions Of Section % Of
Act ~ Of the General Assembly Of
1914.
Thus done and passed At my notariaI
office in the City Of New Iberia, en- this
10Th dav of December 1914, in the pres