New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1911-04-08
CHARTER
CHARTER
OF THE
TECHE LAND C0JQPauY.

i AvnS nVS VVb~sA -
United States OF America, state OF Lou
isiauA, Parish Of iberia, City Of New
iberia.
On the 5th day OF the month OF April,
in the year of eur Lord, One Thousand
Nine Hundred and Eleven, and OF The in
dependence OF the United States Of Amer
Tea, the One Hundred and Thirty Fifth.
BEFORE ME, G, NJ. Compton, a Notary
Public, duly commissioned and qualified,
IN and for the State OF Louisiaus, in the
presence Of the witnesses hereinafter
usmed and undersigned.
Personally came and appeared: The
parties whose nance are hs,eunto sub
scribed, who declared that svailiug them
sslv.. OF the provisions Of the laws OF the
state of Louisiana, in such cases made
and provided, they have eovennted. and
agreed, and do by these presents covsn-
N, and agree and bind themselves. their
successors and assigns aud such other
.,srs, rs as may hereafter become sssoeis
I'd with tn, N, to form and constitute
themselves into n corporation and body
polite in law for the objects and puY-
poses, and under the articles and stipu-
latiops following, to-wit:
ARTICLEI.
The name and title of this corporation
hall be the TECHE LAND COMPANY,
and under it's corporate name 1t shall
have and enjoy eorporata existence for 4
period of ninety NINE years from date OF
this act, with full power in the .ansac-
ton, and for the purposes Of its business,
AZ hereinafter defined, to contract, sue
and be sued; to make and use = corporate
seal, and the same to alter and break at
pie assure; to acquire, lease, use, hold, ali
enate, mortgage, pledge or otherwise en-
cumber any property, movable or ipmov-
able, in or cut OF the State Of Louisiana;
to issue its bonds and other evidence Of
ind. btedness, and to secure the same by
pledge, mortgage, or otherwise; to elect
or appoint such directors, officers, mana
gers, agents or other employees as the in
terest or convenience of it's business may
require; TO make, amend or repeal 1t plea
sure, such by laws, rules and regulations
touching the management of its affair
| and business or the exercise OF its power
a. may be necessary or convenient; to in
crease or diminish It's capital stock and
| generally for the purposes ana objects OF
its business 10 exercise all the rights and
aud power that may be now or hereafter
permitted by law to eorpor ations Of this
| character.
ARTICLE II.
The domicile OF this corporation shall
be in New iberia, Parish of Iberia, State
OF Louisiana, and all citations or other 10.
gal process shall BE- served upor the Pres
idsnt, And in his absence upsu the Vice.
President, and In the absence Of beth,
upon the Secretary Of the CorporatieA.
ARTICLE Ill.
The objects and purposes for which
this corporation 10 established, aud the
nature Of the business to bs carried on
by it, are hereby declared to be;
To purchase, lease, or otherwise ac-
quifs, own, hold sad sell agricultural
lands and town site properties In the
state of Louisiana, or slsew here; to pro-
mote immigration to the State OF Louisi-
ana, asd generally to devslope the indus
trial and agricultural interests Of the
state; to transform and ssouvert rural
lands into town sites and to ope- up and
develop the same, ~ we'll ~ property
lying adjacent to, or wlthis the corporate
limits OF villages, towns and municipali-
ties, and the same to sub divide into
building lots, and generally to do and per.
form any and all things necessary and
conducive for the proper carrying out Of
objests herein before set forth.
ARTICLE Nv.
The capital stock Of this corporation 10
hereby fixed at the sum Of Thirty Thou
sand (e3O, OO0. 0O) Dollars, divided int
aud represented by three thousand shares
Of the par value Of One Hundred Dollars
(e1OO OO) which said stock shall BE- paid
for iu cash or In such installmsnts, or ct
such tiusss, and after such notice to the
subscribers as the Board Of Dirsetois may
fix, or the came may be issued ct not less
formed for such corporation, or for prop
srty or rights actually received by the
said cooperation. No transfer Of the
stock Of this corporation shall b in any
manner binding upos the corporation un-
iii recorded upon its books. Tais corpo-
ration may become . going concern and
may commence business when Blk Thou
sand Dollars (e6, 600. O0) Of ito capital
stock shall have been subscribed for.
AKT1CLG v.
All Of the corporate powers Of this cor
porstion shall be vested In, aad exercised
By a Board Of Directors, composed OF
Ave 90 stockholders, three go ef whom
shall constitute . quorum for the trans
action Of business, which said directors
shall be elected ct . general meeting Of
the stockholders OF this corpora alton. TO be
held on the third Monday in January, in
each year, and notice Of said election
shall be given BY registered letter ad-
dressed to cash stoekholder, at his last
known address, and deposited in the post
Office Of the United States 1t least ten
days prior to the date Of said meeting.
The board Of Directors, Of this cor
poratiop at its first meeting, shall elect
from among its number, . president, =
vice president, . secretary and . treas
arsr; tho olBce Of secretary aud treasurer