The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1907-03-30
CHARTER
Castagnos Cane Loader Company,
Limited.
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, a 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 7.
Guyton, a resident of the parish of lbsrvilie,
Joseph B. Castagnos and William F. Harrell,
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. 36 of 1888 and Act No. "a
of 1904, they do by these presents organize them
selves and the persons who may become asso-
ciated with them. into body polite and cor
porate, under the conditions and stipulations
W. ;" NO. '',"1 ARTICLE
The name and title of this corporation shall
be "CASTAGNOS CANE LOADER, COMPANY,
LIMITED" and it shall have and enjoy sue.
cession by its corporate name for period of
ninety mine (99) years from and after date of
this act.
The domien 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
poratiOn.
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
in connection Herewith to buy, sell, manufac-
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 ia
formed.
The capital stock of this corporation is here
by fixed at the sum of twenty Thousand tS20, 000l
dollars, to be represented by two hundred (200l
shares of the par value OF one hundred f$100)
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.
ALI shares shall be full paid and on-sssessable.
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 $4,000
dollars of its capital stock shall have been sub
'e-lO'- 'i'- 'soN ARTICLE V.
This corporation shall have the power and
authority to contract sue and be sued in its
corporate name; to make and use 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 regulations 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 1903, and annually thereafter on the same
day and month Each share of stock repre-
sented at such meeting shall be entitled to vote
for each director to be elected.
The directors shall make such bylaws and
rules as they may deem proper. They shall se-
Iaaff hai ro6xyrl nj NH viz
president and secretary; and the following.
named persons shall constitute the first board
OF directors who shall serve until the tirst Sat
urday of January, 1908, or until their successors
have been elected and qualified, to-Wit:
John T. Guyton, Joseph B. Castagnos and VIII
liam =. harrei with the 1 sald Conn = duyton
vice president, and the said William +. Harretl
as secretary.
The said board OF directors shall have power
to appoint and dismiss agents, clerks and em-
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 filled by the remaining direct
ors, and the majority of the directors shall con-
stitrlte 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
the stockholders, 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 bis last known
address fled with the secretary of the COM
papy, but the meetings may be held at any time
by the unanimous consent of all the stock
'.N1 ARTICLE VII.
This corporation by and through It's board
of directors may borrow from time to time such
money as may be required cor the acquisition
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 Will
No shareholder shall ever be liable or re-
sponsibie for the contracts or faults of said cor
poration IL any further sum than the unpaid
balance due the corporation on the shares
owned by them; nor shall any informaIify in
organization have the effect of rendering this
charter null, or expose a stakeholder to any
liability beyond the amount remaining unpaid
on his subscription to the stock.
ARTICLE TX.
This act Of incorporation may be altered or
modified. or the corporation may be dissolved