The weekly Iberian. (New Iberia, La.) 1894-1946, 1918-02-16
CHARTER
WALLET COMPANY, INC.
State of louisiana,
Dnr;oh nfEVbpria


day of the month of January, in the
year Of our Lord, ohe thousand nine
hundred and eighteen, before me. c.
NJ. COMPTON, a Notary Public, duly
commissioned and QUALIFIED, in and
for the Parish and Slate aforesaid, and
IN the presence of the undersigD ed
competent witnesses.
PERSONALLY CAME AND AP-
FEARED, the several persons whose
names are hereuntol subsc' ibed. who
declared that, availipg themselves OF
the benefit of the laws of the State Of
Louisiana, relative to the organiza-
ton of corporations, they have form
ed and organized, and by these pres.
ent do form and organize themselves,
as well as such other persons as may
hereafter join with them, or their sue
cessors, into corporation, for the oh.
iects and purposes sand stipulations
and agreements, following, to wit
ARTICLE |.
The name and style of this corpora
ton shall be VALET COMPANY. IN
ICORPORATED, under which name
and title it shall enjoy succession of
property and all rights, privileges and
immunities granted by law unto cor
porations in the State of Louisiana,
for a period Of ninetynine (99) years
from date hereof.
It shall have power to contract. sue
and be sued, to make and use a cor
porate seal. and the same to alter aud
break at pleasure, to have, hold and
receive, purchase, sell, convey. lease,
pledge, bond, hypothecate and mort
gage property of any and all kinds,
real and personal or mixed. corporal
or incorporeal; to have and appoint
such managers, directors and officers
and agents as the Business may re-
quire. and to make and establish, as
we'll as to alter and amend, from time
to time, such by laws. rules and regu-
lations for the proper management
and government of the affairs OF said
corporation as may be necessary and
proper, and generally, to possess all
the powers hereinafter entioned. and
that are now or may hereafter be con-
ferred by law, or necessary to promote
it's objects and interest.
ARTICLEll1.
The domicie of this corporation
shall be at Loreauville, in the Parish
Of Iberia. Louisiana, where service of
citation or other legal process shall
be made upon the President of said
Corporation, or in his absence, upon
the Secretary Treasurer of said Cor
poration, and in the absence of either,
upon any other officer AS may be des.
ignated by law.
ARTICLE III.
The objects and purposes of this
Corporation are declared to be: To
carry on and conduct a general mer-
chandise business in the town of Lo-
reauville, Iberia Parish, Louisiana, or
elsewhere, with power to buy, sell
and exchange all classes of goods,
wares, merchandise, and in fact, to do
a general merchandise business, and
to, If desired, operate wholesale and
jobbing business in such line or lines
1t may desire to handle, and to open
such branch store or stores as it may
desire and in the interest of said bu-
siness, to make such advances as are
required; and to carry out the purpo-
ses hereof, 1t shall have power to re-
ceive security by way of mortgage or
pledge, and to borrow money and is
sue notes and to secure the same by
mortgage, pledge or otherwise; to
lend money and make advances based
upon crop securities or such other Sc
curities as may be- deemed desirable;
to own and operate any factory or
plant for the purpose of converting
the products of the farm into manu-
factured articles of any nature what
ever.
ARTICLE ".
The capital stock of this corporation
is hereby declared to be the sum Of
T Thousand-$l0.00 900. 00-Dollars
one -l00-shares
of the par value of One Hundred
800 00-Dollars per shares. Said
stock to be paid for in cash. or in ex-
change for such property as may be
by law and made in con.
with legal provisions.
The capital stock may be increased,
in the manner prescribed by law. to
the sum of Twsnty-fve-$25 900 o.
Dollars.
Said corporation shall begin bust
ness as soon as Ten Thousand $4,000.
Of the capital stock shall |
have been subscribed and the sum of /
Ten Thousand-$lO, 900. OO-Dollars
hall have been paid for.
ARTICLE v.
The corporate powers Of this cor
shall bd vested IN and exer-
Used by, and all 1.-THE business affairs
+ this corporation shall be managed
nd conducted b Board Of Direc-
ors, composed Of three-3-members
o be annually elected on the second
Ved neadav of Ekhrnarv Of each svaar