New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-06-26

N7ANI EH
MORBlHAN SUGAR CO., Inc.
Be It Known, That on the 9th day o.
the month of June, in the year of oul
Lord One Thousand Nine Hundred and
Twenty, before me, J. A. Gonsoulin
Clerk of Court and Ex-Officio 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 under
signed,
Personally Came and Appeared, Al
phonse A. Theriot, Ernest R. Theriot
Henry N. Pharr, Porteus R Burke,
Richard A. Snow, appearing through A.
A. Theriot, duly authorized, J. Emile
Verret appearing through A. A. Theriot
duly authorized, Eugene A. Pharr ap-
pearing through H. N. Pharr duly au-
thorized and Jno. A. Pharr acting
through H. N. Pharr duly authorized who
declared and said that, desiring to avail
themselves of the provisions of the laws
of Louisiana with reference to the
organization of corporations, they do
hereby form themselves, and such other
persons as may hereafter become asso-
ciated with them into a corporation and
body polite for the objects and pur-
poses and under the articles following,
to-wit:
Article I.
The name and title of this corporation
shall be the MORBIHAN SUGAR COM
PANY, incorporated, and under its said
corporate name, it shall have the power
and authority to contract, to sue and be
sued, to make and use corporate seal
and same to break and alter at pleasure,
to acquire by purchase or otherwise,
hold, receive, purchase, ALLEVIATE, improve,
sell, borrow on, pledge, mortgage and
hypothecate under its corporate name
real, personal and mixed, to
name and appoint such officers, directors,
agents and managers or employees as
may be desirable, to prescribe their
1uties and to fix their compensation if
any, to make bylaws, rules and regula-
lions or the management of its affairs,
to conduct business in this State and
,ther States, territories and countries, to
1old stock in other corporations, and to
10 all things necessary proper, and de-
;irable to carry out the objects and
purposes of this corporation Unless
ooner dissolved, under the provisions of
his Charter, the said corporation shall
xist and continue for period of fifty /
ears.
Article II.
The domicile of the said corporation
hall be in the City of New Iberia, in
he Parish of iberia, State of Louisiana.
The President, or in his absence, the
ice President or in the absence of both
be above officers, the Secretary of this
orporation shall be the person upon
rhom citation or other legal process may
e served.
Article III.
The objects and purposes for which
MS corporation is organized and the
allure of the business to be engaged in
y it are hereby declared to be to own
nd operate sugar mill or refinery or
actory or more than one and the buy
lg, or otherwise, acquiring or leasing of
lch mill, or refinery or more than one
lch, together with such lands, equip
tents and appurtenances as may be
eemed necessary, and also the buying,
cquiring or leasing, planting and culti-
ating of farm lands, the buying, selling,
r otherwise, disposing of all and every
ind of crop or crops, grown and raised
4 farm and agricultural lands, the ad-
ancing of money, funds and supplies on
rowing crops, to construct, maintain
nd operate tramways, railways and
ther roads and means of transportation
ecessary for the conveyance and trans
ortation of raw and manufactured prod
cts and generally, to do all things nee
'sary to the raising, growing, cultivat-
lg, of crops, buying, selling and lend
lg money on products and the handling
all agricultural products and the &C
uiring of lands and the disposing of
Ime and the establishing and operating
sugar mills, factories, and refineries
nd to engage in the buying and selling
sugar as we'll as all stores and mer-
Intile establishments.
Article w.
The capital stock of said corporation
lall be Three Hundred and Fifty
$3.50, 100000 Thousand Dollars, divided
ito and represented by Three Thousand
i've Hundred $500 shares of the par
alue of One Hundred Dollars each, which
.ock shall be paid for in cash at the
me of issuance, or it may be issued at
OF less than par, in payment or in ex-
range for property or right actually re-
.ived or purchased by said corporation
: it may be paid for by promissory notes
fairly solvent parties equivalent to
ISL and accepted by said board at such
1uivalent, and at not less than par
alue of said stock, or for such other val
able considerations or service actually
.ndered as the Board of Directors of
aid corporation may determine, pro-
ded that no stock shall be issued until
lie consideration therefor has been re-
.ived by said corporation, and it being
he intent that the greater part of the
,pital stock Of this corporation shall be
sued for property to be given and ex-
hanged therefor, there is attached and
nnexed hereto and to be read in con-
ection herewith, an accurate and de-
lied and itemized description of such
ropertv so taken as to its amount To-