The Meridional. (Abbeville, La.) 1856-1906, 1901-06-22
CHARTER
OF THE
BYRUM INVESTMENT AND
United States of America,
State ofLouisiana, Parish Of Vermllion.
Improvement Company, Llmlted.

U0iCoQ SIdtbS vi hlHollC
State ofLouisiana, Parish Of Vermiion.
Re it known that on this 2Sth day
of May, in the year of our lord One
Thousand Nine Hundred and One, be-
fore me Simonet Leblanc, Clerk of
court and Ex -Gffieio notary public, in
and for the parish of Vermilion, State
of Louisiana duly commissioned and
qualified and in the presence OF wit
nesses hereinafter named and under
signed personally came and appeared
the persons whose names are hereunto
subscribed who seyeraIly declare that
availing themselves of the provisions
of ain Act of the Legislature OF the
State of Louisiana known as Act No 36
of the session of the year 1888 as we'll
as the general laws of this State gov
erning the formation of corporations
in general, they do, and. by these pre-
sent agree and bind themselves as well
as such other persons as may herein
after become associated with them in
order to fora. and constitute corpor-
alton or body polite so made for the
objects and purposes under the stlpu-
lations following, towit:
ARTICLE I.
The name and title Of this corpora
zion shall be the BYRUM INVEST
MENT AND IMPROVEMENT COM
l'ANY, Limited, and it shall enjoy sue
cession and existence for the period of
Ninety mine (99) years from the Gay
hereof unless sooner dissolved in accoF-
dance with it's charter and it shall en-
joy all powers and authority conferred
by the laws of the State of Louisiana,
being a corporation formed for the
purposes hereinafter stated. 1t shall
have the power to contract, to sue and
be sued in Its corporate name. To
make and Use Il corporate seal, to
make, break, and alter the same at
pleasure and to hold, purchase, lease,
sell, convey, mortgage or hypothecate
property, 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, to
the name, elect and appoint managers,
directors and agents and to maker and
establish such by- laws, rules aud regu
latiuns dis may be necessary for its pro-
per benefit.
ARTICLE IL
The dolnicile Of this corporation and
its principal office shall be in the City
of Abbeville, in the parish of Vermil
ion and State of Louisiana. The Presi-
dentoor in his absence the Vice -Presi-
dent shall be the official upon whom
citation or other judicial proceedings
may he served.
ARTICLE III.
The capital stock Of this corporation
shall be fixed at the sum OF $50, 900 and
its charter shall be operative and go
ihto effect and the corporation shall be-
come a going conceln when the sum of
$25, 900 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 10 per cent of the
par value of the stock shall be issued
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 the
y ard of Directors of said corporation,
Upon such terms and for such prices as
they shall deem most advisable to the
best interests Of the said corporation
and the proceeds thereof shall be useG
to the best interest of and for the pur-
poses of the business of the corporation.
ARTICLE ",
The object and purposes of this cor
poratioa and the nature Of the business
to be carried on by it are hereby de-
'clared to be that of purchasing owning,
Improving. developing, leasing and
selling unimproved lands situated in
the State of Louisiana and for the fur
,ther purpose of constructing canals or
waterways for the purpose Of supplying
water for agricultural purposes or in
the drainage of lands and promoting
immigration, for the further purpose Of
Prospecting for oils and minerals and
Ct buying, leasing, owning and devel-
aping any OIL or minerals lands and Of
owning, operating leasing or cOutroll-