New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1910-04-30
CHARTER or
West New |beIi0 L0Dd C0nD0Dy

lOt LILO I dFlsu Vi lOtIlo, Ctdtc VI LoulsihHS
duly commissioned and qualified, and il
the presence OF the witnesses hereinafter
named and undersigned,
Personally came and appeared the sew
eral persons whose names are hereuntt
subscribed, and who declared that avail
ing themselves of the provisions of the
laws of the State OF Louisiana relative t.
the formation and organization Of corpor
atoms, they have agreed and do hereby
agree and bind themselves, as well as suct
other persons AS may become assocI aztec
with them and their successors, to form
and constitute a body polite in law fol
the purposes and under the conditions and
stipulations cont alned in and set forth il
the following articles. to-wit:
ARTICLE |.
The name and title of said corporation
shall be the West New Iberia Land Com
pany and it shall exist for the full term
aud period Of ninety nine years from date
hereof.
ARTICLE II.
The domieile of this Company shall be
in the City OF New Iberia. Parish of iberia,
Louisiana, and all citations or other legal
process shall be served upon the President
of said corporation, Or in case OF his alb
sence Or inability 10 act, upon the Vice
President. and in case of the absence OF
inability OF both the President and Vice
President, upon the Secretary.
ARTICLE Ill.
The objects and purposes for which this
corporation is formed are declared to be
the buying and selling OF real estate in its
own name or for others; to develope and
reclaim lands and to engage in a genera
land and realty business.
ARTICLE ".
This corporation may sue or be sued il
its corporate name. hold, have, receive
purchase, convey, sell, mortgage, hypoth
ecate, pledge, lease, suitcase and enjoy
real and personal property; also borrow
money and make contracts, receive grants
of land and persons property, and make
use of a corporate seal, the same to bre Ii K
and alter At pleasure; name or appoint
such managers, directors, officers, agents
and clerks as he interest and convenience
Of said corporation may require; make and
establish such bylaws, rules and regula-
tons for the proper management of the
affairs Of said corporation as may be nee
essary, and the same to alte and change
at pleasure, and shall possess all the
rights. powers and privileges to which cor
porations are or may be or in general law
or laws of this State to possess.
ARTICLE v
The capital stock of this corporation is
hereby fixed at the SUM of Forty Thou
sand Dollar, represented by four hundred
shares of One Hundred Dollars each
All stock subscribed for shall be paya-
Ole in cash, or property, real or personal.
on such terms and conditions as the Board
of Directors may at any time determine
All transfers of stock shall be made on
the books of the Company and shall be
signed by the stakeholder or his attorney.
This corporal ion shall commence bust
ness as soon as two hundred shares of the
capital stock shall have been subscribed
for.
ARTICLE vi.
The business and affairs of this Co1por-
alton shall be transacted by a board OF
five directors who are Stockholders, to be
elected at a meeting to be held for that
purpose on the second Monday of January
Of each year. The Directors thus elected
shall serve for one year, or until their sue
cessors shs have been duly elected aud
qualified. The b ard of Directors shall
elect from their humber President and n
President, a Secretary ana a Treas
urer, who shall serve until heir successors
are elected aud qualified; aud they shall
have power to fill vacancies occurring in
the Board, and make such bylaws. rules
and regulations az they deem proper for
the transaction of the business and affairs
Of said Corporation, and change, alter and
amend same at pleasure, appoint and fix
the salary of all officers, clerks and en-
ployees, and the same to change and dis
miss Mt pleasure by the said Board OF hi.
rectOrs.
The Board Of Directors shall have power
to sell, convey, mortgage, pledge, lease,
purchase property, borrow and lend mon
ey, issue notes and bonds, make contracts,
and sign or cause to be signed all neces-
sary acts, deeds. etc and do all things
necessary and needful in the manage ment
Of said Corporation and in carrying out
the objects and purposes for which this
Corporation is established.
Four members of said Board of Directors
shall constitute a quorum for the transac-
lion and management Of the business and
ouhtIs Vi tulS COTpOrnt1On.
The said Board of Directors shall have
the power to appoint from their numbers
executive Board and to vest the said executive
Board fully and completely with all powers, nth-
Ority and functions which by the terms Of this
Article vested in the Board Of Directors herein
above provided for; and the acts Of said executive
Board within the authority delegated to it shall
be considered rs the acts Of the Board OF Dirsc.
tors; and the said Board of Directors shall have
the right to amend. sbridge. extend or recall the
authority vested In the said executive Board a.
its discretion may dictate.
All meetings OF the Board Of Directors shall be
held after notice given to each Director 1T least
ten days prior to the date fixed for said meeting
said meeting. the hour and place thereof, and the
purposes for which convoked, and by addressing
him at his usual Post Once address.
Each Director shall have the right to appoint
any member Of the Board Of Directors or any
other stakeholder to represent him at said meet
ing, and said appointment shall Invest tn person
holding said proxy with al Of the rights, powers
and authority vested in the Director so making
ARTICLE VII.
This Act OF Incorporation N ay be changed, mod
solved At = special meeting Of the stockholders
convened for that purpose after ten days prior
notice by publication in a newspaper published in
the City OF New Iberia. OF by sending such notice
through the mAi with the consent Of three
fourths Of the capital stock Of said corporation
ARTICLE Will
No stakeholder shall ever be held liable or res.
ponsble TOR the contracts faults Of said Corpor
alton in any further sum than the unpaid balance
IL any. due by him on subscription to the capital
stock, nor shall any iuformality in organiza-
ton have the effect of rendering this charter null
or OF exposing any stakeholder TO any further liza
billty than the unpaid balance due on his said
stock. ARTICLE TX
The following persons shall constitute the hrst
Board Of Directors to serve until the second Mon
day Of January, 1911, to-wit: DR.. J. wofford
Sanders, John Terry, Porteus K. Burke, s. G
sumrail and John D. StewarI, Of whom Dr. J.
Wexford Sanders shall be President, John N
Terry, Vice President. Porteus X. Burke, Secre.
tary and y. e. Sumrail, Treasurer.
ARTICLE <.
This corporation shall BE- liquidated At the end
u its term, sooner provided that three fourths
u the capital stock shall have agreed therets at
meeting called for that purpose BY three com.
1t the corporation shall be entirely closed and H.
luidated. and in the event Of the death Of either
y two OF them. then the survivor shall act.
Thus done and passed In the City of New iberia
Parish OF iberia, State Of Louisiana, the day,
month and year frat above written, In the pres
'nce Of A. b. D~lcsmbre and r. w. Bauman, com
,etent Witnesses, Of lawful age residents Of this
Parish, who hersusto subscribe their nan Is and
ne notary, sitter due reading Of the whole.
Originally signed:
BURKE... -. 40 Shares
!. WOFfORD SANDERS -. -. .. 80 Shares
J. BURKE ...............A ~ Shares
!. n. TERRY. by s. c. Sumrall ....... IS Shares !
8. HILL. by =. q. Sumrall ....... IS Shares
Ohm D. STEWART. by s. c. Sumrall so Shsrsr
J. =. BORAH, by Walter ). Burke. 30 Shares
Witnesses:
!. D. DELcAMBRE, |
!. ". BAUNAN. vENTRESS J. SMITH,
Notary Public 4