The weekly Iberian. (New Iberia, La.) 1894-1946, 1922-07-01
ING COMPANY, INCORPORATED


il shall have power and authority t
exist and have succession for PEI
iod of ninety-nine (99) years frof
the date of this Act of lncorpora
ton. and under its said name 1t sha
have the power to contract. to sue
and be sued, to obtain AMI use cor
porate seal, and the same to aite
and break at pleasure; to hold. sci
purchase, lease and convey under 1t
corporate name, property either req
or personal, corporal or 1ncorporeal
to elect and appoint such officers, di
rectors, agents, bookkeepers, clerks
and other representatives ana EN-
ployees as said corporation may re
auire; to fix the salaries thereof, AM
to make and establish such bylaws
rules and regulations as may be dee
med expedient for the proper con
duct and management OF the affairs
of said corporation, and the same Il
change, alter or amend at pleasure.
ARTICLE 2.
The domicile of said corporation
shall be in the Town of Jeanerette
Parish of IBERIA, State of Louisiana
and all citations and all legal pro
cess shall be served upon the Presi
| dent and in his absence upon The
| Secretary Treasurer of this Corpor
alton.
| ARTICLE 8.
| The objects and purposes for whlcf
this corporation is organized and the
| nature of the business to be carrlec
| on by it is declared to be:
ia u
a general merchandise business II
| the Town of Jeanerette, Parish of Id
| eria, Louisiana. And to carry out the
| purposes hereof, it shall have power
to receive security by way Of mort
gage or pledge, ct cetera, and to
| borrow money and issue notes and to
secure the same by mortgage, pledge
| or otherwise.
ARTICLE a.
The Capital Stock of this corpora
ton is hereby fixed at Ten Thousand
($1O.OOO.OO) Dollars, divided into one
hundred I00) shares of One Hun
bred ($100) Dollars each. All stock
issued to be paid for in cash or It's
equivalent in property or labor done
| when stock is issued.
This corporation shall be authoriZ-
ed to begin business as soon as 4
majority of the shares of stock shall
have been subscribed for and sold.
ARTICLE 5.
All the corporate powers of this
, corporation shall be vested in and
exercised by Board of Directors,
composed of three stockholders, two
Of whom shall constitute quorum
for the transaction of business, the
said Board shall be elected each year
at an election held for that purpose
on the first Thursday of January Of
each year, of which said election fiji
teen days notice shall be given prior
thereto by written notices sent by
mail to each of the stockholders, at
least fifteen days prior to said cleo
ton. Each stakeholder shall be enti-
tied to as many votes as he shall
have shares of stock, which may be
cast in person or by proxy, and n
majority of all votes cast shall elect
and in case of tie vote in any of
said elections, or in any other bust
ness matter or controversy arising
at any meeting or meetings of the
stockholders or of the Board of Di-
rectors, the deciding vote shall be
cast by the President. A failure to
elect directors on the date above spe-
Gifted shall not have the effect of dis
solving this corporation but the in
cumbent directors or officers shall, in
such event, hold office until their
successors shall be elected and quail
fled until meeting held after notice
duly given as above prescribed. Any
vacancies occurring in the Board Of
Directors shall be filled from the
stockholders by the remaining Board
of Directors.
ARTICLE 6.
The officers of this corporation
shall consist of President, Vice
President, and Secretary Treasurer.
The office of Secretary and Treasur
err may be held by one and the same
person, as decided upon by the Board
of Directors. The said officers shall
be elected by the Board of Directors
at the same time that the Board of
Directors are elected, and the Off
GERS thus elected shall have the pow
er to employ such clerks, bookkeep-
ers, agents and employees as are
for the business of said
and to fix the salaries
for same. For the present and until
an election is held for the purpose of
electing Board of Directors and
officers as provided in Article Five,
hereof, the following stockholders
shall constitute the first Board of
Directors and officers, to-wit: w. l..
Colvin, President. Pascal Macaione,
Vice-President, and Berthold Calm,
Secretary Treasurer, and they shall
continue in office until their success
ors shall have been elected and in
stalled in office
ARTICLE 7.
All transfers of stock of this cor
poration must be made upon the sur
render of the certificate of stock and |
by and under the direction of the |
Secretary Of this Corporation. Any
stakeholder desiring to sell his stock |
must first offer the same to the Pres
ident of said corporation, who shall
have the option of purchasing the
same for the company or for him
self at the price fixed by the owner
thereof, and he shall have ten-day
option in which to purchase same,
and upon his failure to do so, then
the party holding said stock for sale
will have the right to sell the same
to any one desiring to purchase the
said stock. All such stock shall have
printed upon its face Transferred to
persons not originally members. Of
said corporation, only upon condi-
lions named in Article Seven of the
q n q rtay. &c ca;J ru~.nny