The weekly Iberian. (New Iberia, La.) 1894-1946, 1918-06-29
CHARTER
OF THE
JEFFERSON ISLAND COM
PANY, Inc.

day of the month OF May, in the year
Of our Lord One Thousand Nine Hun
dred and Eighteen, before me, Will
liam G.. Weeks, a Notary Public, in
and for the Parish of Iberia, State OF
Louisiana, duly commissioned and
qualified, and in the presence OF the
witnesses hereinafter named and I'M
designed.
PERSONALLY CAME AND AP-
FEARED, Mr.. Edward A. Mcllhenny,
resident of Iberia Parish. Louisiana,
Mr.. John Lyle Bayless. a resident OF
anchorage, Kentucky, the said John
Lyle Bayless herein appeared and act
ing for himself personally and also as
agent and attorney in fact for Mr..
Lawrence Jones. resident of Louis
Vile, Jefferson County, Kentucky,
who declared and said that, desiring
to avail themselves of the provisions
of the laws OF Louisiana with refer
ence to the organization OF corpora
tons, they do hereby form them
selves, and such other persons as may
hereafter become associated with
them, into a corporation and body
polite for the objects and purposes.
and under the articles following, to-
wit
ARTICLE l.
The name and title of this corpora
ton shall be Jefferson Island Compa-
ny, Incorporated, and under its said
corporate name, it shall have the
power and authority to contract to
corporate seal and same to break and
alter at pleasure, to acquire by rur-
chase or other wise, hold. receive,
purchase. ALLEVIATE, improve, sell, Dor
row on, pledge, mortgage and hypo-
thecate under its corporate name,
property real, personal and mixed
to name and appoint such officers, di-
rectors, agents and managers or en-
ployees as may be desirable, to pre-
scribe their duties and to fix their
compensation if any, to make bylaws,
rules and regulations for the manage
ment of its affairs, to conduct business
in this State, and other States, terri
tories and counties to hold stock IN
other corporations. and to do all
things necessary, proper, and desira'
BILE to carry out the objects and pur-
poses of this corporation. Unless
sooner dissolved, under the provi.
sions Of this charter the said corpora
ton shall exist and continue for a pc.
riod Of fifty years
ARTICLE II.
The domicile of the said corporation
shall be on Jefferson Island, in the
Parish of iberia, State of Louisiana
The President, or 10 his absence the
Vice President, or in the absence o
both the above officers, the Secretary
Of this corporation shall be the person
upon whom citation or other lega
process may be served.
ARTICLE III.
The objects and purposes for which
this corporation is organized and the
nature of the business to be engaged il
by it are hereby declared to be the
buying. acquiring leasing, subleasing
| (either for monied rent or other con
siderati0n) planting and cultivatinl
Of farm lands. the buying, selling ant
otherwise disposing of lands and O
all and every kind OF crop or crops
grown and raised on farm and agri
cultural lands, the advancing of mon
ey. funds, and supplies to tenants o.
other individuals on their CROWN,
crops and produce, the establishing O
mills, refineries and factories for tn,
purpose Of manufacturing the said ag
ricu!tural and other products from
said lands; TO construct, maintain anC
opei ate trxmways, railways and othe
roads and means of transportation
necessary for the conveyance ant
transportation of the said raw ant
manufactured products, and general,
to do all things necessary to the rails
ing, growing, cultivating. buying. sell
ing. lending money on and otherwis,
producing and handling of agricul
tural products, and the acquiring o
lands, and the disposing of same ant
the establishing and operating O
mills and factories as we'll as of store
and mercantile establishments.
ARTICLE Nv.
The capital stock of said corporatio,
shall be One Hundred Thousand Dol
lars, divided into and represented bl
one thousand shares of the par valu
Of One Hundred Dollars each. which
said stock shall be paid for in cash a
the time OF issuance, or 1t may be is
sued at not less than par, in paymen
or in exchange for property or right
actually received or purchased by sal,
corporation, or 1t may be paid for b,
promissory notes Of fairly solvent par
ties equivalent to cash end accepte,
BY said board as such equivalent, ant
ut not leas than par value of said stock
or for such other valuable considera
tions or service actually rendered a
the Board OF Directors of said corpora
ton may determine, provided that n,
stock shall be issued until the consid
Grafton therefor has been received b,
said corporation, and it being the in
tent that the greater part of the Capt.
tai stock Of this corporation shall b,
issued for property to be given ant
exchanged therefor, there is attached
and annexed hereto and to be read il
connection herewith an accurate ant
detailed and itemized description O
such property SO taken az to it
amount, location, extent. characte
and state OF improvement togethel
with statement OF its value as an
praised BY the Directors of said ccrpo
ration, the said statement to be depo
sited, fled and recorded in the offic,
at the Secretay Of State and in the of
dee Of the Clerk Of Court of 1beris
Parish, Louisiana. Every sale o.
transfer Of the capital stock of tn,
corporation shall be made on tn,
books OF the Company at its Office ant
on the surrender Of the certificat,
/ therefor, . new certificate shall issu,
to the proper holder thereof.
The capital stock of this corporation
may be increased to Five Hundred
thousand Dollars in the manner pro
| rsAnA h.