New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-03-18
ACT OF INCOE FDEATION
OF THE
StGURA REALLY CO., ING.

BE It known by these presents, tia
on this 9th dav of March. lplG. heto,
me. the undersigned Notary, duly com
m,ss'ened aud qualified III and for tn
Parish of IBERIA. state OF Louisiana. an
| in the presence of the witnesses herein
after named and undersigned, PERSONAL
| came and appeared the several person
| whose names are hereunto suhsc,l he,
| who declared that awaiting themselves @
| the benefit Of the laws Of the state o
Louisiana relative to tho organization o
corporations. they have formed aud o.,
gained and by these presents do form
| and organize themselves as well az sue
other persons may hereafter JON wit
them or their successors. INTO a corpora
ton. for the objects aud purposes ant
under the covenants. st,pulst,ons an,
agreements following. to wit
ARTICLE /
The name aud style Of this corro,atlo,
shall be Segura Realty Go. Inc aud M
der said name It shall enjoy a corpotat.
existence and succession for a full tern
and period of ninety p,ne years
1T shall have power to contract. sue
and he sued. to make and use a co,po-
rate seal. and the same to alter and
break at pleasure. to have. hold and te
ceive. purchase. sell convey, lease
pledge. bond. hypotheeate and mortgag
property Of any and all kinds real rers
DUAL or mixed. eo,poreal or ,ncorporeal
70 have aud appoint such managers. III
recto,s and officers and agents as the bus
mess may require, and to make and es
tablish. az well as to alter and amend
from time to time such by laws. rules
and regulations FOR the proper manage
ment and government of the affairs Vf
sad corporation may be necessary an |
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 o.
jecis and interests
ARTICLE H.
The domlcle Of this corporation sLal,
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
ufer 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 whic',
this corporation is organized and found ed
and the nature Of the business to he car
RED on are hereby declared to be 70
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
rlared to be farming operations of all
kinds. the manufacture aud sale Of sugar
and other products OF cane. the opera,
ing OF stock farms the making Of ad
eances and the lending Of money basel
Upon crop securities or such other serur,-
les as may be deemed desirable to own
ma operate any factory OF plant for the
purpose of converting the products RI
he farm into manufactured articles o.
my nature whatever
ARTICLE ".
he capital stock Of this corporation
5 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 s,o + |
o be paid for in cash. or in exchange for
uch property as may be authorized hy |
rovisions, The capital stock may IN tho
ianner conformable To law be increased
o Fifty Thousand Dollars The san
otpotation shel' begin business az 5000
: Fifteen Hundred Dotars Of the cam
Il stock shall have been subscribed ana
le amount required by law shall have
cen paid for in money or in property
And It being contemplated that the
ulk of the stock in said corporation
'alI be subscribed for and paid fol by
e transfer to SAID corporation of various
al and personal properties. the same
yetegat'ng valuation as is set forth
the detailed statements Of SAID prop
ties which hereto annexed pa
phed Ne Varietur for Identification
III this act Of Incorporation. The SAID
tailed and ltemized statement annexed
leto Is TO be read in connection with
e provisions of this Charter in accord
ce with Section Three of Act 267 of
g General Assembly of 1914.
ARTICLE v
| he corporate powers Of said corpora
m shall be vested in and exercised by.
Il all the business affairs of this cor
ration, shall be managed and conducted
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 meetingI
lst be given in the manner required byI
v If for any reason the election will
have been held upon the day fixed.
m il shall be the duty Of the Direc-
s to fix another date within thirty
- for the holding of said election
e Directors elected shall continue to
d their Offices until their successors
] have been elected and installed. and
: vacancy occurring in the Board OF
ectors from any cause whatever shall
filled by election by the remaining
ectors. Three Directors shall consti
e quorum for the transaction fl
iness
here shall he a President and Ser
Treasurer elected annually by the
nd Of Directors and until the first an
i ting in March 1917. the follow
members shall compose the Board OF
ectors to-wlt
2. A. LANDRY.
whose address is New Iberia La
JACOB S SFGURA.