New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1911-06-03
ACT OF incorporation
Zane Land Sugar COMPANY, Lid,

'Po'"'ions, they have cOvenautpd nm
, agreed ana do by these presents. cove
nant ana agree, bind, form and consti
'"'e "'e'hemseives, as well as such person
J ""o may hereafter join or become associ
aed with them, into corporation nm,
pony politie in law, for the object
ana purposes aud under the agreement
ana s'ipulations following, to-wi,:
ARTICLE |.
Ths name and style OF this corporatio,
shall be CANE LAND SUGAR COMP
AN LlMlTED,' and under that nans
shall have and enjoy all the rights am,
privileges granted by lawto corporations
II shall exis. for the period of twenty .Gv,
t2o) years from this date; il shall bav,
power TO contract, sue and be sued in il,
corporate name, to make and use n cor
porate SEAL to hold, receive, purchase
convey, mortgage, hypothecate or pledy,
property, both real and personal; to issue
bonds, notes aud other obligations. Ia
have and employ such managers. direc.
tors, officers, agents or other EN- mployet q
ms the interest and convenience OF such
corporation may require, and to discharge
the same as they may wee fl; to make a nd
establish such bylaws, rules and repu-
lations for the proper management and
control of the affairs of said corporation,
through its Board Of Directors, as NAV
be necessary or expedient.
ARTICLE H..
The domicile Of this corporation shall
| be in the City OF New iberia, Parish of
Iberia, in this State, and all cit ations aud
other legal process shall be served on the
President. or in his absep ce on the Vice
President, aud in the absence Of both, on
on the Secretary of said corporation.
ARTICLE ILL.,
The purpose for which this corporation
Is organized aud the nature Of the bust.
ness to BE- carried on by 1t are declared
and specified to be AS follows: To cult
| vate and raise sugar cane, corn and other
agricultural products, to manufacture and
refine sugar, to buy. an l sell sugar cane
and other products, as well as sugar, mo-
lasses and other articles that may be
made therefrom; and to this end to ac-
qnire, purchase and hold plantations or
tracts Of land and to work and cultivate
the same, either in sugar cane, corn or
OF her products; to manufacture the pro-
duets raised on said lands. as well Ms the
products Of lands owned by other persons
into sugar, molasses, alcohol or other
commodities Of trade that can be made
or extracted there ftom; to sell snch 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 aud OPP
crate refinery or central factory; to
construct, maintain and operate tram
ways, railroads and other roads that may
be deemed necessary for the trauspor
k-Ss Lu. .~e- 4
as sugar, molasses and other articles
made therefrom, to and from the refinery
or central factory Of said corporation,
aud 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 isl
hereby fixed at the sum of fifty thousand
dollars, to be divided into FIVE hnndr d
shares Of 4 par value OF one hundred dol
lars each, which shall be paid for in cash
orin the purchase Of property. All shares
Of stock shall be full paid and non asses.
sable. No transfer OF stock shall be rec
oenixed or be binding upon the company
unless made pursuant to its bylaws and
recorded upon the books OF the company.
This corporation shall become a going |
concern AZ soon as Three Thousand Dol |
lars OF ito capital stock shall have beer |
subscribed ana paid for.
ARTICLE V.
All the corporate powers OF this corp |
orstiou and the management and control |
Of It's affairs, in the matter OF purchasing,
,nortgaging, selling. contracting obliga-
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
tho Board Of Directors composed OF hve
stock holdere, three OF whom shall contti-
tute a 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 II bJ the
Boa 4 OF Directors. At no time shall the
or the Vice. President acting ~
act as manager on said Exc
cutive COMMITTEES.
The Hrst Board OF Directors shall hold
office for a period OF three years, and
their "a ,cessors shall be elected on the
(Irst Monday Of April, 1914, and tri-an-
nnallv there after Each stOckho older
shall be entitled In person, or by proxy, !
10 one vote on every share owned BY him,
and said election shall be held under
.uch rules aud regulations ~ may be pro-
sided by the Board OF Directors.
Anv vacancy on the Board Of Directors
shall be filled oy the Board Tor the unex-
pired term.
The said Board Of Directors shall con-
tiniue In otYice until April, l0l4, a. aiore-
said, or until their successors shall have
been duly elected and qualified, ana
any failure to elect shall not be regarded
a : forfeiture OF this Charter. The SAID
Board shall have the right 10 appoint any
slerk or employee Of the corporation % u
may deem fit and expedient and for the
proper management and control Of sara
business.
The President shall have authority to
rue in behalf Of the corporation without
] special authorisation OF the Board OF
Directors.
ARTICLE VI.
This act OF incorporation may %
n aurcd. modified or altered, or this cor.
may be dissolved with the aAselt
q three fourths Of the stock present or
eseuted. At general meeting eonve-
,ed for that purpose. and after at least
,~n days written notice shali have been
.,ven through mail addressed to each
.tock holder at his last known place Of re-
.idencc.
No stockhoidei shall ever DO neid IL
lble or responsible for the contracts.
laalts or debts OF this corporation, NOR
hall any mere informality in ia iss or
ranisatio,. have the effect OF rendering
,h;s Charter null or OF exposing the stock
holder to any liability beyond the IN
psid balance due on the shares u stock
owned by him.
ARTICLE VIII.
In case Of dissolution sf this corporation,
~ the expiration OF this Charter o. other
Eiise. the stockholders shall elect three
Who shall have full authority
3 wind up the affairs Of this company:
a tho event OF the death or disability OF
nv one OF said commissioners. the re-
naining liqaidators shall appoint . sue
A. kfsrn