New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1915-02-13

the time of subscription or the sans
may be issued at not less than par in
payment or exchange for property OF
= rights actually received purchased by
sad corporation; or the same may be is
{ sued tuIl paid tor money advanced, or
tor such other valuable considcrat ton 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 corporation intending to ac-
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 10 and to be read
IN connection with this Charter an ac-
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.
Ibis corporation shall commence do
ing business as soon as Fifteen Thou
sand Dollars ($1500000) 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 bv
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 share of stock herein, shall con-
stltute 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- Offcio
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 az Ten o'clock A. M. of said
day unless the same shall be a 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
tor 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 elec-
tion as Commissioner. In the event Of
the failure of the Commission to at
tend, the President shall by appointments
all the vacancy. Any failure from any
:ause whatever to elect Directors the day
aamed for that purpose shall not dis
'olve the corporation, but the Directors
in office, as well as the officers Of said
company, shall hold over until their suc-
:essors are chosen. In such event the
President shall cause another election a.,
'e held within thirty days, giving tie
,otice required by law.
At every election and meeting each
shall be entitled to vote foas
zach share Of stock registered in NJ
lame, and may vote by proxy.
The election Of Directors shall be B
'allot and majority in amount Of voto
asst, each share of stock voted upon
'e counted for one vote, shall elect g
srson or persons for whom they hay'
cen cast. ~.
After each election the Board Of uf
ectors shall elect from their own nusI
er the officers of said Company.
ARTICLE v.
The full corporate power of this cor
Grafton is invested in the Board
directors. It shall frame and sder
uch by laws, rules and regulatisns =
,e affairs and business Of the corposo
on may require and ~ it may dec
ecessary for the conducting and MAJ
cement thereof, provided the So
lan not conflict with This Charter
18th the laws Of the State and Of n
nited States. It shall appoint assa1
npIoyees, servants and clerks %
ay deem proper, fixing their comps
rion, term Of service, and dismisos
lem 1t pleasure, and shall hsvs
ght to fix and determine the selasi
the several officers herein pyovj<
:.
ARTICLE VI.
IL the case of dissolution or tsssnj1
On of this corporation, either By 81
ton Of its Charter or from any ca
. liquidation Of its affairs shaj
INDICTED by one liquids.or sslscss5
Z stockholders with all the sn.te
anted by provisions Of Section "a
ct ~ Of the General AssembIy
-.
Thus done and passed at my neli
bee in the City Of New iberia, q
II day of Oecmbey 1914 IN a.