The Meridional. (Abbeville, La.) 1856-1906, 1901-06-29
CHARTER
OF THE
.BYBUN INVESTMENT AND
United States Of America,
state Of Louisiana, Parish OF Fermiliof
OF THE
improvements Company, Limited.

: of Nav. in the year OF our lord Ohe
Tbousand Nine Hundred and One, be-
I fore me Simenet Leblanc, Clerk OF
. court and Ex-Gfficio notary public, IN
and for the parish of Vermllion, State
of Louisiana duly commissioned and
: analified and in the presence OF VIII
/ nesses hereinafter named and under-
signed personally came and appeared
the persons whose names are hefeuhSo
snbscribed who severally declare thaV
aVailine themselves of the provisions
of an Act of the Legislature OF the
State of Louisiana known as Act NO. 10
of the session of the year 1883 as we'll
az the general laws of this State gov.
erning the formation Of corporations
in general, they do, and by these pre-
sent agree and hind themselves as we'll
AZ such other persons as may herein
after become associated With them 10
order TO foril- constitute cafpof-
alton or body polite so made tor the
objects and purposes under the stlpu-
lations following, teWit:
ARTICLE +.
The name and title of this corpora
tion shall be the BYRUM INVEST
MENTAND IMPROVEMENT COM
pANY. Limited, and it shall enjoy sue
eession and existence for the period OF
Ninety-nine (99) years from the day
hereof unless sooner dissolved IN aect'r-,
dance with its charter and it shah en-
inv all powers and authority conferred
hy the laws of the State of Louisiana,
being a corporation formed tor the
ptlrposes hereinafter stated. It shut
have the power to contract 70 sue afa
be sued in its corporate name. to
make and use a corporate seal, @
make. break, and alter the same ~
pleasure and to hold, purchase, lease,
Ii sell, convey, mortgage or hyRothecate
uroperty, real and personal or mixed,
to make and issue bonds, to lend any
! portion of its capital or income on
mortgage security or other security, 70
the name, elect and appoint managers,
directors and agents and to make and
establish such by laws, rules and legu-
latiuns as may be necessary for It's pro-
per benefit.
ARTICLE II.
The domicile of this corporation and
its principal Office shall be in the City
of Abbeyille, in the parish OF Vermll
i'm and State Of Louisiana. The PTesi
dent or in his absence tie Vice-Presi-
.dentshall be the official upon whom
citation or other judicial proceedings
nay lie served.
ARTICLE III.
rte capital stock Of this corporation
shall be fixed at the sum 81 500 900 and
its charter shall be operative and &c
into effect and tho corporation shall be
come going concern when the sum oi
$25,OO0 shall have been subscribed
The capital stock Of this corporation
shall be divided into 5000 shares of the
par value of $40 each be paid for in
cash or the equivalent in real estate
improved or unimproved land, notes
bonds or mortgages or any other pro-
perty which the Board of Directors
may approve. 1t is expressly under
stood that at least 40 per cent of The
par value of the stock shall be issnec
and retained by the Board of Directors
for said company to be used as treasure
stock, and such stock so held as treas
ure stock shall be disposed OF by tht
Board of Directors of said corporation
upon such terms and for such prices a
they shall deem most advisable to th'
best interests of the said corporation
and the proceeds thereof shalt be uset
to the best interest of and for the pur-
poses of the business Of the corporation
ARTICLE Nv.
The object and purposes Of this cor
poratioh and the nature OF the bushes
20 be carried on by it are hereby de
clared to be that of purchasing owning
improving, developing, leasing ant
selling unimproved lands situated i
the State of Louisiana and for the fur
ther purpose of constructing canals Q
waterways for the purpose of fsupplyin
water for agricultural purposes or /
the drainage of lands and prometn
immigration, fer the further purpose {
prospecting for oils and minerals an
Of buying, leasing, owning and devel
oping any oil or minerals lands and
owning, operating leasing Or CONTROL
ing any oil wells or minerals, mines an
in fact to do any and all things nceees
sary and proper for the carrying OF
uf its business.
The business of this corporatio
shall be directed BY and vested in
Board of Directors composed Of sevt
stockholders each Of whom shall own !
east ten shares of the capital stock