The Meridional. (Abbeville, La.) 1856-1906, 1901-06-08
CHARTER
OF THE
.BYRUM INVESTMENT And
Improvement Company, Limited.
Company, Limited.

improvement Company, Limited.
United States of America,
State of fLouisiana, Parish of Vermilion.
Be it known that on this 18th 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-O Officio 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 Shereunto
subscribed who severally declare that
availing themselves OF the provisions
of an Act of the Legislature OF the
State of Louisiana known asAcCNo. 80
Of the session of theyear 1888 as well
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
ssuch othegSpersons as may hereln-
after become associated with them in
order to forn. and constitute a corpor-
alton or body polite so made for the
objects and purposes under the stlpu-
lations following, towlt:
ARTICLE I.
The name and title of this corpora
ton shall be the BYRUM INVEST.
MENT AND IMPROVEMENT COM
PANY, Limited. andit shall enjoy sue
cession and existence for the period of
Ninety (99) years from the day
hereof unless s'sooner dissoly ID in accOr-
dance with its charter and it shall en-
Joy all powers and authority conferred
bv the laws of the State of Louisiana.
being corporation formed foe the.
purposes hereinafter stated. 1t shall
have the power to contract, to sue and
be sued In its corporate name. to-
make and usesa 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 make and
establish such by laws, rules and regn-
lations asriay be necessary for its pro-
per benefit.
ARTICLE II.
The donicile Of this corporation and
its principal officeshall be in tue City
Of Abbeyilfe, in the parish OF Vermil
ion and State of Louisiana. The Presi-
dent or in his absence the Vice Presi-
dent shall be the official upon whom
citation or other judicial proceedings
may be served.
ARTICLE IIT.
The capital stock of this corporation
shall be liked at the sum OF $50, 900 and
its charter shall be operative and go
ihtosetfect and the corporation shall be-
come a going concern when the sum of
$25, 600 shall have been subscribed.
The capitalstock 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 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
Board 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 corpora ton
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
poration 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 siluated in
the State of Louisiana and for the fur
ther purpose of constructing canals or
waterways for the purpose ofsupplying
water for agricultural purposes or in
the drainage of lands and promoting
immigration, for the further purpose Of
prospecting for oils and binerals and
of bnYing, leasing, owning and deyel-
oping any oil or minerals lands and Of
owning, operating leasing or contrell-
ing any oil wells or minerals, mines and
in fact to do any and all things nceces-
sary and proper for the carrying out
of its business.
The business of this corporation