The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1909-02-06

/ DE IT KNOWN and remembered that on this
| 4B Goth day of December, one thousand nine
hundred and eight, before me, G. ADOLPE
| GONDRAN. o notary public duly commissioned
and qualified in and for the parish OF Ascension
state OF Louisiana, therein residing, and in the
presence of the witnesses hereinafter named and
undersigned, personally came and appeared the
several persons whose names are hereunto sub
| scribed. who declared that. ayailing themselves
| lana, as contained in Act No. IS of the general
| assembly of said state, approved June 20. 1883,
and Act No. 70 Of 1884, and other laws of said
state relative to the organization, formation and
authorities conferred on corporations they have
agreed and do hereby agree and bind and obi
gate themselves, as well as all such persons as
may become associated with them. and their
successors to form and constitute corporation
for the objects and purposes and under the con-
ditions and stipulations as contained and set
forth In the following articles, to wit:
ARTICLE ONE.
The name and style Of said corporation shall
be THE BABIN BROTHERS, LIMITED" !;
it shall exist and have and enjoy succession for
the full term and period OF ninety -nine years
from the date hereof and under its corporate
name it shall have power and authority in re-
spect to and as concerns its objects and purposes
hereinafter stated, to acquire, ALLEVIATE, mort
gage, lease, pledge and pawn movable and i'm
moyables real and personal and mixed property;
to contract to sue and be sued and generally to
have, enjoy and exercise any and all powers con-
ferred by law on corporations and shall have a
corporate seal.
ARTICLE TWO.
The domicile of this corporation shall be at
Belle Helene P. O., in the parish Of Ascension,
and all citations and other legal process shall be
served on the president, and, in his absence on
the secretary and treasurer.
ARTICLE THREE.
The objects and purposes for which this cor
poration is formed and the nature of the bust
ness to be carried on by it are hereby declared to
be to purchase, or otherwise acquire. to improve
cultivate, LEASE, let, rent and dispose of lands,
lots, buildings and plantations in the state Of
and raising sugar cane, corn, rice and any other
agricultural crops and products of manufactur-
ing and refining sugars; OF buying and selling
sugar cane and other agricultural products Of
growing and ginning cotton; TO engage IN q
general merchandise business and to do all
things necessary or incidental to the carrying
cut of the above objects and purposes
ARTICLE FOUR.
The capital stock of this corporation is hereby
fixed at ten thousand dollars, represented by one
hundred shares of the par value of one hundred
dollars each, all of which shares have been paid
and subscribed for on the signing of this act
and this corporation shall begin business at
once.
No stakeholder in this corporation shall ever
sell, or otherwise dispose of any share OF stock
held by him until he shall have first offered to
sell the same, at the lowest price at which he
viii sell to Others to the stockholders. who shall
have the option OF purchasing the same during
a period of thirty days, after which time. should
no stakeholder purchase such shares of stock,
the same may be otherwise disposed Of by the
holder thereof.
The secretary and treasurer shall be without
power to legally transfer upon the books anF
shares belonging to the present stockholders
unless the above directions and rules are carried
ARTICLE FIVE.
All Of the corporate powers Of said corporation
shall be vested ia and exercised by board OF
directors, composed of three persons, all OF
whom must be stockholders Of this corporation,
and any two of whom shall constitute quorum
for the transaction Of business. The directors
VITy
of January Of each year. but the directors con-
stituted under this charter shall hold office until
the second Tuesday Of January 1910. The cleo
ton shall be by ballot and each stakeholder
shall be entitled in person or By proxy to one
vote for every share of stock held by him. Ten
days prior notice Of said election shall be given
to each stakeholder by written notice mailed to
him. addressed to his residence or place OF bust
ness, postpaid. or By delivery to him IN person.
The manner Of conducting said election shall be
regulated By the bylaws. At the first meeting
after their election the board of directors shall
elect from their own number . president and
secretary and treasurer, whose duties shaH be |
prescribed By the bylaws. The said Offices OF |
secretary and treasurer may be combined into |
one Office and in such case the person elected to
fill both Offices shall be known rs the secretary
and treasurer. Said directors shall hold Office /
until their successors shall have been elected |
and qualified. A failure to elect directors on |
the date above specified shall not dissolve the |
corporation nor impair its corporate name, but /
the directors then in Office shall remain in Office
until their successors are elected and qualified |
Until the first election IS herein provided for, |
the following stockholders are constituted the /
board of directors. to wit: Cyrile Babin. who /
shall be president; Henry Babin, who shall be |
secretary and treasurer, and James A. Godfrey |
who shall hold Office until the second Tuesday Of
January, 1910, or until the first election to be |
held in accordance with this charter, or until /
their successors shall have been elected and |
enter upon the discharge OF their duties. The |
board of directors shall have full power and |
to borrow money; TO execute mort |
cages; to grant pledges and liens; to make. ex- |
ecute and issue pTomissory notes and other obi
cations; to purchase or otherwise acquire to
lease, let or rent or take and hire the property
OF and for this corporation and generally to do
all things reasonable, convenient and necessary
for the carrying of the business Of the corpo-
rHtion. The board Of directors shall make and |