New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1921-07-16


which each had been respectively ap-
pointed in the act of incorporation, to-
wit E. Guidroz, President; F. G. Patout
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. Guidroz
and E. Guidroz and associates the prop
|erty hereinafter described.
After full discussion by the directors
on motion duly made and seconded, the
following resolution was unanimous y
adopted:
"Be 1t Resolved. That F. G. Patout and
A. D. Winters and E. Guidroz be consti-
tuted q special committee from this
Board Of Directors to make an accurate,
detail and itimized description of the
property proposed to be sold by said
parties to this corporation, and to ap-
praise the same as a whole"
The Board of Directors having taken a
recess for the purpose of taking said in
ventory and the making of an appraise-
ment thereof, and the same having been
completed the Board reconvened, with
appraisement having been submitted on
motion of Sidney Patout, duly seconded
the following resolution was unanimous
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-
ment 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 a committee
from the Board of Directors of the
Guidroz Oil Co. Inc. declare that the fol-
lowing is an accurate. detailed and iii
mized description of the property pro-
posed to be transferred to said corpora
ton by E. Guidroz and E. ;uidroz 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 q
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, a
certain well which heretofore drilled on
said Bolivar tract, by the New Iberia Oil
Co., and under the supervision of E. G.
Bouttc, 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, AUDITING on the tract of
Ledet, and being measured in such way
hat the Ledet Line shall form one boun-
larry from the Vincent line on the west
% the point where Little Bayou con-
'erges near to the Ledet line and indi-
:ated on the plat or sketch hereto an
lexed. The opposite boundary line shall
'e drawn parallel to the fist line and
70 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
bove stated, but this lease does not in
lude the buildings, reservoirs, or any 9TH I
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-Tods and pump
umping the well and other fittings.
Bird. One thousand feet of 3" hydrolic
rilling pipes.
We further declare that we are familiar
18th the location, character, extent and
tate of said property, and the improve
lent 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,
lie 9th day Of July A. D., 1921, At New
beria. La.
F. E. DELAHOUSSAYE,
Notary Public.
On motion Of Sidney Patout and duly
the following resolution was
adopted:
UBa II Reaolved That r r D.ishnneI