New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1911-06-17
ACT OF Incorporation
Zane Land Sugar Company, Ltd.

"hieeo' ana 90 Oy these presents. cove
hsht ana agree, bind, form and consti
tute themselves. as we'll as such person,
VINO may hereafter join or become associ
s'eo with them, into = corporation apt
oouy polite in law, for the object,
ana purposes and under the agreement,
and s'ipulations following, to-wit:
! ARTICLE l.
inc name and style Of this corporation
| snal! be CANE LAND SUGAR COMP
ANY, LIMITED" and under that name
" snail have and enjoy all the rights and
privileges granted by law to cor pora atious
u snail exist for the period of twenty. five
(2o) years from this date; it shall have
power to contract, sue and be sued in ite
corporate name, 10 make and use q cor
porate seal, to hold, receive, purchase.
convey, mortgage, hypothecxte or pledge
property, both real and personal; to issue
), oouds, notes and other obligations. to
have and enaploy such managers, direc.
tors, officers, agents or other EN- ployees
as the interest and convenience OF such
corporation may require, and to disch arRs
the same AZ they may see fit; to make and
establish such bylaws, rules and repu-
lations for tine proper management and
control of the affairs of said corporation,
through its Board of Directors, as may
be necessary or expedient.
ARTICLE II.
! The domicile of this corporation shall
be in the City of New iberia, Parish of
Iberia, in this State, and all citations and
other legal process shall be served on the
President. or in his absenc ce on the Vice
President, and in the absence of both, on
on the Secretary of said corporation.
ARTICLE III.
Tho purpose for which this corporation
! is organized and the nature of the busi-
ness to be carried on by it are declared
and specified to be as follows: To culti-.
vate and raise sugar cane, corn and other
agricultural products, to manufacture and
| refine sugar, to buy an sell sugar cane
and other products. as we'll % sugar, mo-
lssses and other articles that may be
made therefrom; and to this end to ac-
quire, purchase and hold plantations or
tracts Of land and to work and cultivate
the same, either in sugar cane, corn or
other products; to manufacture the pro-
ducts raised on said lands, ~ we'll as the
products Of lands owned by other persons
into sugar, molssses, alcohol or other
commodities of trade that can be made
or extracted therefrom; 10 sell such pro-
duets either in . raw or manufactured
state; to buy and purchase crops of sugar
cane or other articles that can be made
therefrom; to maintain, conduct and op-
crate q refinery or central factory; to
construct, maintain and operate tram
ways, railroads and other roads that may
be deemed necessary for the transpor.
tation of cane or other products, % well
as sugar, molasses and other articles
made therefrom, to and from the refinery
or central factory of said corporation,
and generally to do and perform any
thing and everything pertinent or iDci.
dent to the general purpose hereinbefors
stated.
ARTICLE Nv.
The capital stock Of this company 10
hereby fixed at the sum of 6fty thousand
dollars. to be divided into Ave hundred
shares of par value Of one hundred dol
lars each, which shall be paid for in cash
or in the purchase Of property. All shares
of stock shall be full paid and non-asses-
sable. No transfer of stock shall be rec
oenized or be binding upon the company
unless made pursuant to its bylaws and
recorded upon the books Of the company.
This corporation shall become going
concern as soon 10 Three Thousand Dol
lars Of it, capital stock shall have besE
subscribed and paid tor.
ARTICLE v.
All the corporate powers OF this corp.
Osation and the management and oentfoi
or Ito affairs, in the matter OF purchasing,
mortgagiug, selling, contrasting obltga-
tions and doing all things necessary to
carry ont the powers granted BY this
Charter and the purposes OF the corpora
tion. shall be vested in and exercised BY
the Board of Directors composed OF nve
stockbolders, three of whom shall consti-
tute 4 quorum for the transaction Of its
buajness. There shall be an executive
committee composed Of the President.
Treasurer and Manager, who shall per
form such duties and exercise such pow
ers % may be delegated to 1t b. the
Bosfd OF Directors. At NO time shall the
President or the Vice President asting -
President, act 20 manager ON said Exc.
eutive Committee.
The frst Board Of Directors shall bold
office for . period OF three years, and
their successors shall be elected on the
6rst Nondsy Of April, 1914, and tri.an-
nnallv thereafter. Each steckholdef
mi be entitled in person, or BY proxy,
"a one vote on every share owned By him,
.,d said election shall b. held under
such rules and regulations ~ may b. pro-
vided BY the Board OF Directors.
Apv vacancy on the Board Of Directors
shall be filled Dy the Board for the unex'
pired term.
The said Board OF Direstors shall con-
time in oiRce until April, l0l4, - aiore-
said, Or until their successors snan have
been duly elested and qualified, ane
any failure to elect shall not b regardee
= q forfeiture ofthis Charter. The saio
Board shall have the night 10 appoint any
elsrk or employee of the corporation % u
mar deem 6t and sxpedisnt and Tor tne
proper management and control OF ssid
The Prssidsnt shall have authority to
sue in behak Of the corporation wmeout
special authorization Of the Board Of
ARTICLE VI.
This act OF incorporation may %
ahaneed. modified or altered, or this cor
poratien may be dissolved With the essent
Sc three fourths Of the stock present Or
- enreseuted. at general meeting eonve-
nrd for that purpose. and after ae least
IN days written notice shall have beea
aiven through mail addressed % eaen
stoekholder st his last known place Of ~
ARTICLE VII.
No skoohhoidef shall ever b hpld IL
Able or responsible for the contracts.
ea.Its az debts Of this corporation, psr
shall any mere ipformality IN in its or
sanjsstjou have the effect OF rsndering
this Chartar null orof exposing the stock
holder to any liability beyond the W
osid balance due on the shares Of stosk
owned BY him.
ARTlCLE VIII.
In eass Of dissolution Of this serporation
by the expiration Of this Charter 9: other
viae. the stockholders shall slest thrse
|liouidators Who shall have fall authority
70 wind up the akairs q thee eompaey:
= ehe event Of The death or Jdfsabtlity ct
apy one Of said commissioners, the ~
nainine liqsidators she'll appoint enc.
eesoor to him.