The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1907-03-23
CHARTER
OF THE
Castagnos Cane Loader Company.
Limited.
OF THE

DE IT KNOWN That on this sixteenth day
ID of March, in the year of our Lord one
thousand nine hundred and seven. before me,
Caleb G. Weber, notary public, duly commits
stoned, sworn and qualified and in the presence
of the witnesses hereinafter named and under
signed, personally came and appeared John L.
Guyton, resident of the parish of lbarville,
Joseph B. Castagnos and William F. HarreIl,
residents of the parish of Ascension, persons of
full age who declared that availing themselves
of the provisions of the laws of this state pro-
Yiding for the organization OF corporations, and
particularly of Act No. So of 1888 and Act No S74
of 1904, they do by these presents organize them
selves and the persons who may become ASSOC
ciated with them, into body polite and cor
porate, under the conditions and stipulations
following, to-wit:
The name and title of this corporation shall
be ''GASTAGNOS CANE LOADER, COMPANY.
LIMITED and it shall have and enjoy sue
cessioa by it's corporate name for period of
ninety-nine 1897 years from and after date of
this act.
ARTICLEH II.
The domicil of this corporation shall be In
the parish of Ascension, state of Louisiana,
and all citations and other legal process shall
be served on the president, and in his absence
or inability on the vice president of said cor
ARTICLE III.
The objects and purposes of this corporation
for which it is organized, and the nature of the
business to be carried on by it are declared to
be: To acquire, use, manufacture, sell and dis
pose of cane leaders and other similar machines
in connection Herewith; to buy, sell, manRfac-
ture and act as agents for agricultural imple=
ments, and generally to transact machinery
business to make contracts and agreements in
regard thereto, and generally to carry on any
business which may be germane or incidental
to the objects and purposes of this corporation,
and to perform all acts which may be required
by the business for which this corporation is
formed.
The capital stock of this corporation is here
by fixed at the sum of twenty thousand $50, 000l
dollars, to be represented by two hundred (200l
shares of the par value of one hundred ($100l
dollars each; said shares shall be full paid for
in money or property or labor OF some kind at
the time they are subscribed for and issued.
All shares shall be full paid and worcestershire.
No transfer of stock shall be binding upon the
company unless appearing on the books of this
corporation, This corporation shall become
going concern as soon as ten thousand ($l0,O00l
dollars of its capital stock shall have been sub
sN'-'S, - 80 ARTICLE v.
This corporation shall have the power and
authority to contract and be sued in its
corporate name; TO make and use a corporate
seal; to hold, receive, purchase, convey and
lease under its corporate name property, both
real and personal, including patents and patent
rights; to borrow money, issue notes and obli-
cations, and to mortgage and pledge same;
name and appoint such managers, directors
and officers as its interests and convenience
may require, and to make and establish such
bylaws and regula tions for the proper manager
ment of its affairs as may be necessary and
ARTICLE VI.
The business OF this corporation shall be
managed and conducted by board of direct
ors to be composed of three stockholders, who
shall be elected annually on the FIRST Saturday
of January of each year, beginning with the
year lSS and annually tnereaftef on the same
sented at such meeting shall be entitled to vote
for each director to be elected.
The directors shall mako such bylaws and
rules as they may deah proper. They shall se-
lect from their own number president a vice
president and secretary: and the following.
named persons shall constitute the first board
of directors, who shall serve until the first Sat
urday of January 1903, or until their successors
have been elected and qualified. to-wit:
John Z. Guyton, Jo9eph B. Castagnos and VIII
liam E. Harrell, vita the said John 7. anyton
as president the said Joseph b. Castaguos as
vice president, and the said William F. Harren
as secretary.
The said board of directors shall have power
to appoint and dismiss agents, clerks and EN-
ployees, fix terms of service, or may delegate
such power to the manager. No failure to elect
directors shall be regarded as forfeiture of this
charter. Vacancies occurring on the board of
directors shall be filed by the remaining direct
ors, and the majority of the directors shall con-
stitnte quorum for the transaction of all bus
mess.
Each share of stock shall be entitled to one
vote at all meetings of the stockholders, and
upon the written notice OF two or more stock
holders, the president shall call meeting of t
tbeStoekholders, and all such notices of stock !
holders meetings or notices of election shall
be by three days written notice mailed or de- /
livered to each stakeholder at his last known |
address filed with the secretary of the COM /
pany, but the meetings may be held at any time /
by the unanimous consent of all the stock |
ARTICLE VII.
This corporation by and through its board I
of directors may borrow from time to time such /
money as may be required for the acquisition I
of property, rights, patents, or franchises, or
conducting its business, the acquiring of lands
or other property, or business interests or good
will, and for this purpose may issue bonds or
other obligations. secured by mortgage or
pledge, as the case may be, of the property,
both real and personal, crops, revenues and
receipts of said corporation, payable on such
terms as the board of directors may designate,
and with power to sell, pledge or otherwise
dispose of such bonds and obligations on such |
terms as the board OF directors may deem ex-
pedient.
ARTICLE VIII.
No shareholder shall ever be liable or re.
sponslble for the contracts or faults of said cor
poratiOn IN any further sum than the unpaid
balance due the corporation on the shares
owned by thes9 nor shall any informality in
have the effect Of rendering this
charter null, or expose a stakeholder to any
liza biIity beyond the amount remaining unpaid
On has subscription to the stock.
ARTICLE TX.
ibis act OF incorporation may be altered or
or the corporation mag be dissolved