New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-03-25
ACT OF MOOR PORATION
OF THE
SeGuRA REALTY CO., INC.

on this 9th day OF Ma1cn, l,io, oeio;c
me, the undersigned Notary, duly com
r1.ssoneo and qualified IN ana Tor the
Parish OF Iberia, STATE OF LOUISIANA. aIc
in the presence Of the witnesses herein
after named and Undersigned, personally
cane and appeared the seveIa. persons
whose names are he;eunto subscribed,
WHO declared that ava.Ilcg themselves o.:
the benefit of the laws of the State o.
Louisiana relative to the organization O..
corporations, they Rave io;mco AID or
gaaized and by these presents 90 fora
and organize them selves, as well as sUc-
other persons as may hc:eaite. JON vita
them or their SUCCESSORS, into corpora
ton, for the objects and purposes ana
unde, the covenants, stlpulatIons anu
agreements following. to-wit:
ARTICLE !.
The name and style OF this corporation
shzlI be Segusa Neatly Co., Inc, anu IN
cez said name it shall enjoy = corporal.
existence and succession :os = tu.l teI..
and period Of ninety-nine Yeas.
1t shall have powe. to coat1act, ~.
and be sued, to make and use corpo-
ra:e seal, and the same to alter and
b.eak at pleasure, to have, hold and Re
ceive, purchase, sell, convey, lease,
pledge, bond, hypotheca:e aad mo.tgag:
property of any and all kinds, real, pe,s
on.l O: mixed, corporal OK inco:po:ea!;
to have and appoin: such managers, d.
1ecto.s and officers and agents as the bus
mess may require, and to make and es-
tabiish, as well as to alte: and amend
f:om time to tine such bylaws, rules
and regulations 70. the p:ope: manage
ment and government of the Affairs Of
sad corporation as may be necessary ana
p:ope:, and generally to possess all the
powers he1e;nafte. mentioned, and that
a:e now o. NAV be hereafter conferred
by law, o: necessary to promote its o.
jects and interests
ARTICLE II.
The domicile OF this corporation shall
be at New iberia, Parish OF lbe.ia, State
o. Louisiana, whese service Of citation. 0.
other legal process shall be made upon
the President o; said corporation, OF IL
his absence. upon the Sec1eta.y-T1eas-
uzs1 Of said Corporation, and in the az
sence Of either, upon any other officer
as may be designated by law.
ARTICLE Ill.
The objects and purposes for which
this corporation is organized and isundeu
and the nature Of the business 20 be ca.
1ied on are hereby declared to be. To
acquire by purchase OF by othe: Lawful!
means and to own and operate the.co"
lands, buildings, Improvements of Al!
kinds necessary to the aims and ou.-
poses of this corporation, which are de- |
c!a.ed 20 be farming operations OF ali
kinds, the manufacture and SAFE OF sS.s:
aad o:he: products Of Gaze; the opc:a.
ing of stock farms; the making OF ad |
vances and the lending OF money basel !.
upon crop securi:e, .. such o.hc. secu:i- |
ties as may be deemed desirable; to own !
and operate any factory or plant 70: the !
purpose of converting tac p.oia::s
the farm into manufactured articles O: |
my nature wkateve-.
ARTICLE w.
The capital sio-& o. this corporation.
IS hereby declared 20 be the sum y. i
Twenty thousand Dollars, divided in two |
aunGzed shares OF tie "a. value OF Oae |
Huno1ed Do..a-s pc: share. Sa;o stock |
to be paid for in cash, q III exchange tor
such property as may be authorized BY
law and made in conformity with legal |
provisions. The capital s:o-k may in the
manner contorraao.s TO Jaw bs ::..ease.
10 Fi:.y Thousand Oo..ass. The SAL
corporation saa.: rcs.a nIs.:css Is So
Is Fifteen Hundred Do..a.s Of the CAPT
al stock shall have been subscribed anc
he amount required By law saa!l have
been paio tor III ;Ao2eJ D: IL p.1ps.,y.
And it being cca:em plated tia: lie
bulk Of the stock in said corporation.
hall be subscribed for and paid &c: By
he transfer to said corporation Of va:ioIs
ga! and persona! properties, the sane
a valuation as is set Siozth
n the detailed statements o: SAID pop
':t:es which are he:co annexed "a
aohed Ne Va.:c:u: 70. Identification
With this a.: Q: Incorporation. Ia: sai.:
detailed and itcnized Statement: annexed
'e.e:o is to be read n con:ec:ion with
he provisions os this Cna::c. in accord
nee with Section Th:ee OF Act Isl Of
he General Assembly Of 1914.
ARTICLE v.
The corporate powers o; said corpora
ion shall be vested n ana exercised oy,
nd all :he business Affairs o. th;. cor
o:a:ior, shall be managed and conducted
y Board of Directors composed o:
h:ee members to be annually e.ec;c.
n :he fist Monday o. March of eaca
ear. All such elections sha.. be b.:
'al!ot. and the notice of said meeting
must be given in the :sann:. :elu:-ed b.,
NV. If for any reason the lection VII
lot have been held upon the Gay :xei
hen it shall be n. duty Of tie Dice
o.s to fix anothe: date within thirty
avs for the holding OF said election
he Directors elected shall continue &c
odd thei. Offices until ttei: successor,
riIl have been elected and installed. aaa
nv vacancy occurring in the Board o.
Directors from anv cause whs:e~e., shall
. filled bv e'e-.:on by the remaining
Directors. Three Directors sia.l coas.:-
ute . quorum 70, the Transaction }.
business.
There shall be . P:es:jea. AID . Sec-
e'e-.e1 annually b. n.
'cs.d Of Dire:.o-s ana urti! he s.s. an
ual meeting II Mach 1877. y. .ollew-
e members shall compose he Board q