New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1911-05-27
ACT OF INCORPORATION
Zane Land Sugar COMPANY, Lid.

| serves OF the provisions ,ud III. +, "
In's ate, relative to the o,y.,i,,,,.,. ~,
corporations, they have coyu,,,,,,, NV, ~
agreed, and do by these presents ,,..a
haht aud agree, bind, form and ,o,a,,
'h'e'hemselres, ~ well M su,b ,.,....
VINO may hereafter join or hsoo,ns ,..,..,
"eo WIN them, into corpora,;o, No.,
"ouy po''t'e IN law. for the obi.c,.
anu purposes and under the sprae,na,,.
ana sipulations following, to.wi,.
ARTICLE l.
J iue name aud style Of this corror,,;o,
"na,i 70 "CANE LAND SUGAR COMP.
any LlMlTED,' aud under that nu,ne
u sna'' nave and enjoy all tho rights mud
| p'Vbeses granted by law to co,po,atj.ns
" sna'' exist Tor the period of TWENTY-FIVE
l-'l years nom THIS date; 1t shall have
| po"ef TO contract, sue aud he sued in its
oo'pora'e name, TO make and use a cor
P''"'e seal 10 hold, receive. purchase.
convey, mortgage, bypothecate or pIed,.
propef'y, poth real and personal: to issue
hopds, notes and other oblipations :,
nave and employ such managers d;re,.
tors, officers, agents or other employees
as the interest and convenience OF sncb
corporation may require, and to discbarp.
the same m they may see fiji to make and
IL
atlons for the proper management and
control of the affairs of said corno,o,;on
through it's Board of Directors. as NAV
% necessary or expedient
ARTICLE II.
The domicie of this corporation sholI
he in the City OF New Iberia. Parish Of
iberia, in this State ,.and all citations and
1ther legal process shall be served on the
President, or in his abserce on the Vice.
President. aud ia the absence Of both. on
on the Secretary of said corporation.
ARTICLE Ill.
The purpose for which this corporatjop
is organized aud the nature of tho bus.
ness to be carried on by it are declared
and specified to be as follows: To cult !
vate and raise sugar cane, corn and other
agricultural products, to manufacture and
rehne sugar, to buy an ! sell sugar cane y
and other products. as well rs sugar, mo
Iasses and other articles that may be 4
made therefrom aud to This end to ac-
Inire, purchase and hold plantations or
racts OF land and to work and cultivate
ne same, either in sugar cane, corn or
'ther products; to manufacture the pro
tucts raised on said lands, MS well MS the
products of lands owned by other persons
nto sugar. molasses, alcohol or other
'ommOdlfies of trade that can be made G
" extracted thereffom; TO sell such pro-
iucts either in a raw or manufactured
tate; to buy and purchase crops of sugar
ana or other articles that can be made ~
herefrom; to maintain, conduct and OPP -,
rate refinery or central factory; TO ~
onstrucf, uaiDiaiD and operate tram a,
Ways, railroads and other roads that may s.,
e deemed necessary for the transpor =.
aiiO- of cane or other products, as We h;
y sugar, moasses and other articles n
lade theretrom, to and from the refinery h,
+ central factory of said corporation,
nd generally to do and perform any ~
hing and everything pertinent or incl
ent to the general purp SO hereinbefore p
tat, d. >,
ARTICLE ". % u;
The capital stock of this company is =.
ereby fixed at the sum of fifty thousand .d
ollars, to be divided into five hundred r..
lsres of a par value of one hundred del =,
lrs each, which shall be paid for in cash VI
+ in the purchase of property. All shares N,
stock shall be full paid and non asses /,
,ble. No transfer of stock shall be rec -.
,nized Or be binding upon the company
Mess made pursuant to its bylaws and dr.
'corded upon the books OF the company. an
This corporation shall become going oo
,nceIn as sooD as Three Thousand Dol
eoGf II zeapita stock shall have beer
i Ibl)te1 - - 50 a.
Al S6oa ~ ~ of this corp -
alton and the manage0Soot and control
its affairs, in the matter Of purchasing, IS
ortgaging, selling. contracting obliga- &
,ns and doing all things necessary to
rry out the powers granted by this
larter and the purposes Of the corpora
On. shall be vested in and exercised BY ST
o Board of Directors composed Of five
DC ckholders, three OF whom shall cOnsti-
te quorum for the transaction OF its
lsipess, There shall be an executive OF
mmittee composed of the President. OF
'easurer and Manager, who shall per ca'
rm such duties and exercise such pow de-
3 as may be delegated to it by the ye
"a d OF Directors. At no time shall the on
esident or the Vice President acting az big
esident, act as manager on said Exc Ho
tive Committee. Del
Tho first Board OF Directors shall hold
ice for period of three years, and the
cir su ,cessors shall be elected on the
It Monday Of April, 1914, and tri-an- Je'
ally thereafter. Each stOckholder ses
all be entitled in person, or by proxy, on'
one vote on every share owned by him. ptf
d said election shall be held under OF
ch rules and regulations as may be pro- nal
led by the Board of Directors.
Any vacancy On the Board OF Directors DIRE
all be filed by the Board for the unex- int
ed term. pa'
The said Board of Directors shall con- the
ue in Office until April, 1914, as afore- OF
d. or until their successors shall have Z
en- duly elec'ed and qualified, and mo
v failure to elect shall not be regarded
a forfeiture Of this Charter. The said
ard shall have the right 10 appoint any
rk or employee OF the corporation ms II
y deem fit and expedient and for the
,psr management aud control OF said SU
siness.
rhe President shall have authority to
, in behalf Of the corporation without l9t
pecial authorization of the Board OF
.ectors. >
ARTICLE VI. B
This act Of incorporation may be me,
.pped. modified or altered, or this cor he
alton may be dissolved with the assent Grs
three fourths of the stock present or l
at q general meeting eonve- Adj
for that purpose. and after ut least lie
da,s written notice shall have been pos
an through mail addressed to each the
ckholder at his last known place Of re- An
ence. oN
ARTICLE VII.
n .toctboIder shall ever be held Ii bet
! or re,nonsible for the contracts, Ho,
Its or debts Of this corporation, nor ef
II snv mere informally in in its or ing
a.. .r..t ~ reoderiov des
, Charter aull or OF exposing the stock -.
der to any liability beyond the un'
4 balance due on the shares Of stock .".