New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1921-07-23
Gle, present: E. Guidroz, Sidney Patout,
F. G. Patout, Adam D. Winters, and F.

Said directors accepted the officers to
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 unanimously
adopted:
"Be 1t Resolved, That F. G. Patout and
A. D. Winters and E. Guidroz be consti-
tuted a 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 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
all Directors present. The inventory and
appraisement having been submitted on
motion CT Sidney Patout, duly seconded
the following resolution was unanimous
ly adopted:
"Be It Resolved, That the inventory
and appraisement by a 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 q 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
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, q
certain well 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 a
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-
Diary from the Vincent line on the west
to the point where Little Bayou con-
verges near to the Ledet line and indi-
Gated on the plat or sketch hereto an
nexed. The opposite boundary line shall
be drawn parallel to the first line and
So distanced as to include within the
parallel lines extending from the Vincent
line to Little Bayou or the point TX"
five acres. The said acreage includes the
well heretofore drilled by E. G. Boutte
for the New iberia Oil Co. as herein
above stated, but this lease does not in
clude the buildings, reservoirs, or any 9TH
er properties of any kind situated on the
lease, the leases taking the naked land
for the purpose Of his own operations.
End. A certain producing oil well
drilled by said E. Guidroz and associates
on the tract of land herein firstly described
and known as "Guidroz No. l, including
casing, screen, succor-rods and pump
pumping the well and other fittings.
3rd. One thousand feet of 3" hydrolic
drilling pipes.
We further declare that we are familiar
with the location, character, extent and
state of said property, and the improve
ment thereon and that the same is fully
worth 100000, and the same are hereby
valued and appraised At said sum.
A. D. WINTERS.
F. G. PATOUT,
E. GUIDROZ,
Sworn to and subscribed before me,
this 9th day of July A. D., 1921, At New
Iberia. L..
F. E. DELAaOUSSAYE.
Notary Public.
, On motion Of Sidney Patout and duly
seconded, the following resolution was
unaninously adopted:
"Be Il Resolved, That +. T. Delahous-