The weekly Iberian., 1910-12-17
CHARTER
OF The
M. A. PATOUT & SON Limited
STATE OF LOUISIANA,
PARISH OF IBERIA

HI In, bul.N commissioners anu IAdlI
/ fled in and for the Parish and Stat,
hereinbelOre mentioned, and in tn,
v presence OF the witnesses herein
after named and undersigned,
Personally came and appeared
| the persons v hose names are here.
! unto subscribed, the married ladje.
being duly authorized and assisted
I by their respective husbands, Wht
declared that, availing themselve
of the general laws of this State
providing for the creation and or
/ ganization Of private corporations
and particularly Of Act No. 80 O
1883, and Of the Act of 1904, they
have formed and organized, anC
by these presents do form, organ.
iZe, and constitute themselves, anC
such others as may become asso-
ciated with them, and their sue
cessors, into a corporation anC
body polite for the objects anc
purposes and under the terms anC
conditions hereinafter set forth, tC
wit =
ARTICLE |.
The name of this corporation
shall be NJ. A. Patout & Son, Lin
tied, and its domicic and principal
place Of business shall be at the
residence situated on the Enter
prise plantation in the Parish OF
iberia, State Of Louisiana.
ARTICLE ii.
The business, purposes, and OBJ
jects of this corporation are de-
clared to be any one and all of the
following, to wit To cultivate
sugar cane and any and all crops
suitable to the climate, to manu-
facture cane into syrup and sugar,
to refine same, to lease, buy or
sell real estate in connection wit h
farming operations, to acquire and
own railways, tramWays, with
steam motive power, pipe lines for
transferring juice, syrup and Oil,
teams and all class of farming i'm
plements and all live stock, use
full for the purposes of this cor
poration; to cultivate with hired
labor or for shares of the crops,
or by tenant system; to cut, hau'
and manufacture sugar cane pro-
duced by other parties into sugar
or syrup and refine the same, or
to purchase same or manufacture
same for given price or on Civ
en- terms, and generally to do any
and all things pertaining to and
necessary for the successful run
ming Of a sugar plantation and re-
finery.
Also to establish,/run, and con-
duct mercantile d hsiness or COM
missary department, for the pur-
pose of trading with the employees
OF the corporation and with such
others as may DIAL Herewith and
IN connection Wi IN such merchan-
tile business to tuy and sell goods
and merchandisk not prohibited by
law, and make all such deals as
merchants are authorized to make.
10 ship, sell AMI dispose of all sug-
ar, syrup, sugar cane or other
crops purchased or manufactured
by the said corporation and also
by-products, either directly
the Manager or through
the Agents or employees as he may
deem proper 70 engage. All en-
ployees, all agents, managers, as
sistant managers and other en-
ployees, proper and necessary for
the conducting Of any portion of
said business.
AK klICLE Ill.
This corporation shall enjoy sue
cessiOn in its corporate name with |
all the powers granted in Article /
Il, and with all powers which could |
De exercised by an individual. The
.erms of its existence is fixed at
fifty years from the date of this
act. 1t shall have power to sue
md be sued, to contract, to make
md use a corporate seal, and the
ame to break or alter at it's pleas
Ire. To hold, receive, lease, pur-
'hase, ALLEVIATE, and convey, as well
IS to hire, mortgage Or otherwise
'ncumber property, both real and
PERSONAL, and to appoint such Of
icers and employees as its busi-
less may require.
ARTICLE Nv.
The capital stock Of this cor
,oration is fixed at Three hun
lred and fifty thousand and 90
90 $780, O,OOO.Oy Dollars, divided in
o thirty five hundred (350O) shares
+ the par value of one hundred
nd OO-10O (S1OO.OO) Dollars each.
he corporation shall begin busi-
ess only after the shares of the
olOCh shall Dt SuDScIlDcuI
nd paid for and not earlier than
he first day of January, 1911. No
took shall be issued for less than
8 par value, nor shall it be is
ued until paid for in full; provid-
d, however, that stock may be
aid for cash or its equivalent in
ervices rendered or in property
t a fair valuation.
ARTICLE V.
No transfer of stock shall be
hiding upon this corporation I'M
.ss same is made on the books of
his corporation and in case any
shall desire to sell or
.ansfer this stock, he shall give
IN Q0) days notice to the officers
( the Corporation. The stock ;
Olders Of which shall have the !
rst option Of purchasing the said (
.Ock at the full market value |
hereof.
ARTICLE vi.
The officers of this corporation
1all be a President, a Vice-Pres-
lent, and a Secretary and Treas t
rer. The office of Secretary and I
reasurer may be held by the same ,
lOlVlOual ana may De selected
ON without of the stockholders. ,
he officers shall be elected an
ually by the Board of Directors. I
Citation and other legal process !
lall be served on the President,
I'd in his absence on the Secre- !
Iry, and in the absence of both, {
such manner as is provided by
W.
ARTICLE VII. r
The affairs of this corporation {
lall be administered and it's pow {
q exercised hy q Board cOmDOsed