New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1921-07-09

| +. ". HatOut, AQam ~. winters, ana
E. Delahoussaye.
Said directors accepted the officers t
which each had been respectively ap
pointed in the act of incorporation, to
wit: E. Cuidroz, President; F. G. Patou'
Vice President and F. E. Delahoussaye
Secretary Treasurer.
The President stated that there was be
fore the Board of consideration the prop
osition for the Purchase from E. Guidro
and E. Guidroz and associates the prop
erty hereinafter described.
| After full discussion by the director.
on motion duly made and seconded, tn,
following resolution was unanimo usl
adopted:
"Be 1t Resolved, That F. G. Patout anc
A. D. Winters and E. Guidroz be consti,
tuted special committee from thi.
Board of Directors to make an accurate
detail and itimized description of tn,
property proposed to be sold by sale
parties to this corporation, and to APP
praise the same as whole"
The Board of Directors having taken q
recess for the purpose of taking said in
ventory and the making of an appraise-
completed the Board reconvened, with
all Directors present The inventory and
appraisement having been submitted on
motion of Sidney Patout duly seconded
the following resolution was unanimo GUS
ly adopted:
"Be 1t Resolved, That the inventory
and appraisement by special commit
tee of this Board of Directors be filed, and
that the same be accepted and approved
and made the inventory and appraise-
meft of the entire Board of Directors of
this corporation, that the same be spread
upon the minutes of this meeting, being
as follows. to-wit:
State of Louisiana. Parish of iberia.
Be it known by these presents, that W.,
the undersigned, composing committee
from the Board of Directors Of the
Guidroz Oil Co. Inc. declare that the fol-
lowing is an accurate. detailed and It'll
mized description of the property pro-
posed to be transferred to said corpora
ton by E. Guidroz and E. 3uidroz and
associates, the payment of the stock sub
scribed by said E. Guidroz and E. Guidroz
and associates to the Guidroz Oil Co. Inc
capital stock, to-wit:
LIST. That certain mineral lease from
George J. Sabatier and others in favor of
E. Guidroz covering the following tract
Of land situated at Little Bayou. Iberia
Parish, La. and containing five acres in
superficial area. to be measured in such a
manner as to extend from the western
boundary line to Little Bayou and being
taken in the lower portion Of the Bolivar
Tract as it abuts the property of Ledet
and including within its dimensions,
certain we'll which heretofore drilled on
said Bolivar tract, by the New Iberia Oil
Co., and under the supervision of E. G.
Boutte, the said tract is represented by
sketch made part of and attached to said
act of lease, and may be described as
follows, to-wit:
A certain tract containing five acres,
being that portion of the Bolivar tract
above described, abutting on the tract of
Ledet, and being measured in such way
that the Ledet Line shall form one boun-
lary from the Vincent line on the west
10 the point where Little Bayou con-
'erges near to the Ledet line and indi-
lated on the plat or sketch hereto an
lexed. The opposite boundary line shall |
De drawn parallel to the first line and |
10 distanced as to include within the |
parallel lines extending from the Vincent |
inc to Little Bayou or the point tx"
i've acres. The said acreage includes the |
veil heretofore drilled by E. G. Boutte
or the New Iberia Oil Co. as herein
Dove stated, but this lease does not in
lude the buildings, reservoirs, or any 9th
r properties of any kind situated on the
ease, the leases taking the naked land
or the purpose of his own operations.
End. A certain producing oil we'll
rilled by said E. Guidroz and associates
n the tract Of land herein firstly described
nd known as "Guidroz No. /, including
asing, screen, succor-rods and pump
umping the well and other fittings
3rd. One thousand feet of 3" hydrolic
rilling pipes.
We further declare that we are familiar
nth the location, character, extent and
tate of said property, and the improve
,ent thereon and that the same 10 fully
'orth 100000, and the same are hereby
alued and appraised At said sum.
A. D. WINTERS,
F. G.. PATOUT,
E. GUIDROZ,
Sworn to and subscribed before me,
his 9th day of July A. D., 1921, at New
IBERIA. La.
F. E. DELAHOUSSAYE, |
Notary Public
On motion Of Sidney Patout and duly
seconded, the following resolution twas
unanimously adopted: |
"Be II Resolved, That F. E. Delabous-
rye, Secretary Treasurer Of this eo7tozs.
ion be. and he 10 hereby authorize to
urchase from E. Guidros and E.
!. Guidros and associates for the sum Of
100000 the property fully described il
10 inventory and appraissmsnt Of same
bove mentioned ind herein attached and
lade part Of this resolution.
And b il further resolved, that said
. E. Delahounaye. Secretary Treasurer,
., and he 10 hereby empowered and ~.
aorissd and directed 70 sign and execute
nd accept deed Of sale in the usual form
sfore Notary Public Of said properly
'om said E. GuidSos and E. Cuid1os and
associates, and to deliver said certificates
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