New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-03-11

ACT OF INCORPORATION
OF THE
StGURk really CO., ING.
Be 1t known by these presents, tia
on This 9th day OF March 1910, befor,
me. the undersl gned Notary, duly com
n issloned and qualified in and Tor thu
| Parish OF Iberia. State of Louisiana, anc
In the presence of the witnesses herein
after named and undersigned, personally
came and appeared the several person.
whose names are hereunto subscribed
who declared that avalirg themselves o.
the benefit of the laws of the State OF
Louisiana relative to the orgauiza ton OF
corporations they Rave formed and or
gained and by these presents do form
and organize themselves, as well as sucr
other persons as may hereafter join witt
them or their successors, into a corpora
ton, for the objects and purposes anc
under the covenants, s:ipulations and
agreements following, to-wit:
o ARTICLE l.
The name and style of this corporation
shall be Segura Realty Co., Inc., and I'M
der said name it shall enjoy corpora te
existence and succession for full tern,
and period Of ninety nine years.
1t shall have power to contract, sue
and be sued, to make and use corpo-
rate seal, and the same to alter and
celve, purchase, sell, convey, lease,
pledge, bond, hypothecate and mortgage
property of any and all kinds, real, pers-
onal or mixed, corporal or incorporeal;
to have and appoint such managers, di-
rectors and officers and agents as the bus
mess may require, and to make and es-
tabllsh, as well as to alter and amend
from time to time such bylaws, rules
aud regulations for the proper manage
ment and government of the affairs Of
sad corporation as may be necessary and
proper, and generally to possess all the
powers hereinafter mentioned, and that
are now or may be hereafter conferred
by law, or necessary to promote its {.
jects and interests
ARTICLE II.
Tie domicile of this corporation shat,
be at New Iberia, Parish of Iberia, State
of louisiana, where service of citation or
other legal process shall be made upon
the President of said corporation, or IN
his absence, upon the Secretary Treas
urer of said Corporation, and in the alb
sence of either, upon any other officer
as may be designated by law.
ARTICLE III.
The objects and purposes for which
this corporation is organized and founded
and the nature of the business to be car
RED on are hereby declared to be- To
acquire by purchase or by other lawful
means and to own and operate thereon
lands, buildings, improvements of all
kinds necessary to the aims and pur-
poses of this corporation, which are de-
clared to BE farming operations of all
kinds, the manufacture and sale of sugar
and other products of cane; the opera,-
ing of stock farms; the making of ad-
vances and the lending of money based
upon crop securities or such other securi-
ties as may be deemed desirable; to own
and operate any factory or plant for the
purpose of converting the products Of
the farm into manufactured articles Of
any nature whatever
ARTICLE ".
The capital stock Of this corporation
is hereby declared to be the sum Of
Twenty Thousand Dollars, divided in two
hundred shares OF the par value Of One
Hundred Dollars per share Said stock
TO be paid for in cash, or in exchange for
such property as may be authorized by
aw and made in conformity with legal
provisions. The capital stock may in the +
manner conformable to law be increased ,
% Fifty Thousand Dollars. The sad
corporation shall begin business as soon
S Fifteen Hundred Dollars of the CAPT
al stock shall have been subscribed and
he amour. required by law shall have
'een paid for in money or in property.
And it being contem plated that the
ulk of the stock in said corporation
hall be subscribed for and paid for by
lie transfer to said corpora ton of various
cal and personal properties, the same
sgfegatlng valuation is set forth
the detailed statements of said prop
rites which are hereto annexed pa
'phed Ne Varietur for Identification
18th this act of Incorporation. The said
etaIled and ltemized statement annexed
areto is to be read in connection with
e provisions of this Charter in accord
Ice with Section Three of Act 267 of
e General Assembly of 1914
ARTICLE "
The corporate powers of said corpora
on shall be vested in and exercised by,
Id oil the business affairs of this cor
ration, shall be managed and conducted
: Board of Directors composed of
rec members to be annually elected
the first Monday Of March of eacn
ar. All such elections shall be BY
Hot, and the notice of said meeting
ust be given in the manner required by
v. If for any reason the election will
t have been held upon the day fixed,
en- it shall be the duty of the Direc-
rs to fix another date within thirty
Us for the holding of said election
e Directors elected shall continue to
ID their offices until their successors
II have been elected and installed, and
Y vacancy occurring in the Board of
rectors from any cause whatever, shall
tlled by election by the remaining
rectors. Three Directors shall consti-
e a quorum for the transaction If
siness.
There shall be President and Sec
ary- Treasurer elected annually By the
ard OF Directors and until the first an
Il meeting in March 1917, the follow
members shall compose the Board Of
ectors, to-wit
P A. LANDRY.
aiJ