New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1911-06-10
ACT OF INCORPORATION
Zane Land Sugar COMPANY, Ltd.

inns ate, relative to the organization n
corporations, they have covenanted anf
agreed, and do by these presents. cove
haht and agree, bind, form and consti
tute themselves, as well as such person,
VINO may hereafter join or become associ
atea with them, into corporation apc
oooy polite in law, for the object,
ana purposes and under the agreeme MT,
anc sfipulations following, to-wit:
ARTICLE l.
! Inc name and style of this CORPORATION
shall bs CANE LAND SUGAR COMP
ANY, LIMITED" and under that name
it snail have and enjoy all the rights and
privileges granted by law to co, Dol atiops;
IL shall exist for the period of twenty five
(2o) years from this date; it shall have
power to contract, sue and be sued in it's
corporate name, to make and use q cor
porate seal. to hold, receive, purchase.
convey, mortgage, hypothecate or pledge
property, both real and personal: to issue
bonds, notes and other obligations, to
have and enaploy such managers, direc-
tors, officers, agents or other employee q
as the interest and convenience of such
corporation may require, and to discharge
the same as they may see f.; to make and
establish such bylaws, rules and regu-
lations for the proper management and
control of the affairs of said corporation.
through its Board of Directors, as may
be necessary or expedient.
ARTICLE III.
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 absen ce on the Vice
President, and in the absence Of both, on
on the Secretary of said corporation.
ARTICLE III.
The 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 cult
| vate and raise sugar cane, corn and other
agricultural products, to manufae ture and
| refine sugar, to buy an sell sugar cane
| and other products. as we'll as sugar, mo-
lasses and other articles that may be
made therefIom; 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, as we'll as the
products of lands owned by other persons
into sugar, molasses, alcohol or other
commodities of trade that can be made
or extracted therefrom; TO sell such pro-
ducts either in a 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 a refinery or central factory; to
construct, maintain and operate tram
ways, railroads and other roads that may
be deemed necessary for the transpor
tatior of cane or other products, as We
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 Incl
dent to the general purpose hereinbefore
stated.
ARTICLE Nv.
The capital stock of this company is
hereby fixed at the sum Of fifty thousand
dollars, to be divided into five handre
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 psid and non-a asses
sable. No transfer of stock shall be rec
ognized 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 az Three Thousand Dol
lars of it's capital stock shall have beer
subscribed and paid for.
ARTICLE V.
All the corporate powers OF this corp
oration and the management and control
Of its affairs, in the matter OF purchasing,
mortgaging, selling. contracting obliga-
tions and doing all things necessary to
carry ont the powers granted by this
Charter and the purposes OF the corpora
tiop. shal, be vested in and exercised by
the Board of Directors composed OF i've
stockholders, three of whom shall con.ti'
tute quorum for the transaction OF Its
business. There shall be an executive
committee composed of the President.
Treasurer and Manager, Who shall per-
form such duties and exercise such pow
ers a. may be delegated to it b. the
Boafd OF Directors. At no time shall the
President or the vice-President acting ~
President, act as manager on SAID Exc
eutive Committee.
The first Board OF Directors shall hold
Office for period OF three years, and
their su ccessors shall be elected on the
arst Monday OF April, 1914, and tri..n-
uually thereafter. each stockhoider
shall be entitled in person, or BY proxy,
to one vote on every share owned by him,
and said election shall be held under
such rules and regulations as may be pro-
yided by the Board Of Directors.
Any vacancy ON the Board OF Directors
shall be filed py the Board for the unex-
pired term.
The said Board Of Directors shall con-
tinue in Office until April, l9l4, AZ afore-
said. or until their successors shall have
been duly elected and qualified, and
any failure to elect shalt not be regarded
A. : forfeiture of this Charter. The said
Board shall have the right TO appoint any
elerk or employee OF the corporation 40 It
NAV deem fIt and expedient and for the
proper management and control OF ssid
business.
The President shall have authority to
.ue in behalf Of the corporation without
: sneci Il authorization of the Board OF
ARTICLE VI.
rh;s aat of incorporation may be
.her0ad. modified or altered, or this cor
poration may be dissolved with the assent
Of three fourths Of the stock presens cr
represented, at . general meeting scnve-
ned for that purpose. and auer q .eas'
ten DAYS written notice shall have oesn
siven through mail addressed to each
stnckholder st his last known place Of re-
sidence. -,
No stockholder shall ever be held y
able or responsible for the contracts.
faults or debts Qf this corporation, nor
shall any mere informality in in its or
sanitation have the effect Of rendering
this Charter null or Of exposing the stock
holder to any liability beyond the nm
naid balance due on the shares Of stock
owned by him.
ARTICLE VIII.
In case Of dissolution Of this corporation
by the expiration OF this Charter Q. other
wise, the stockholders shall elect three
lioujdators who shall have full authority
to wind up the affairs Of this COMPANY
II the event OF the death or disability Of
anv one Of said commissioners, the re-
maining liquidators shall appoint = sue