The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1909-01-09

y y y v y y w D y y y W y
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
~ - NV ' 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 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
Louisiana; to engage in the business of planting
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 a
/ general merchandise business and to do all
things necessary incidental to the carrying
| out of the above objects and purposes
I 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 StOCkhOlGer this corporation snail 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 ne
will sell to Others to the stockholders, who shall
have the option of purchasing the same during
period of thirty days, after which time, should
| no stockholder 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 any
| shares belonging to the present stockholders,
he a
ARTICLE FIVE.
All of the corporate powers Of said corporation
shall be vested in and exercised by a 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
shall be elected annually on the second Tuesday
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 stockholder 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 a
secretary and treasurer, whose duties shall 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 as the Sc 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 as herein provided for,
the following stockholders are constituted the
board Of directors, to wit: Cyr1le Babln, who
shall be president; Henry Babln, who shall be
pT1dI QVl
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
authority to borrow money; to execute mort
cages; to grant pledges and liens; to make ex-
ecute and issue promlssory 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 on of the business of the corpo-
ration. The board Of directors shall make and
adopt such bylaws as may be necessary for the
proper management and regulation OF the affairs
and business of said corporation and shall have
the power and authority to amend and alter the
same at pleasure, and shall themselves or in
such manner may be prescribed by the by
laws, appoint all employees, define their powers
and duties and fix their compensation The
board of directors will fill any vacancies among
their own number, at meeting thereof Meet
ings of directors may be called by the president
or by any two directors by mailing notice,
postpaid, to each director addressed to his resi-
dence or place of business or by delivery to him
= A~NNO ARTICLE SIX.
general meeting of stockholders shall be
held annually as provided for by Article Five
and the president or any three stockholders may
call a special meeting OF the stockholders for
any lawful purpose upon notice to be given m the
manner and for the time to be prescribed in the
Ds-i'''s' ARTICLE SEVEN.
No stakeholder shall be held or responsiI
for the contracts or faults of the corporatioge
any further sum than the unpaid balance
share or shares owned by him. nor sha
informality in the proceedings Of organ
| render any stakeholder liable beyoI
'''-.>'- ARTICLE EIGHT
This act of Incorporation may bS
altered or amended, or this corpora
| dissolved with the assent of tWo-t
! capital stock represented at a geS
| of the stockholders to be eonvenee
pose after due notice to be given
| publication in a newspaper pu
parish of Ascension and also
/ mailed postpaid to each stocl
| addressed to his residence orr
| or delivered to him in person
ARTICLE n
| Upon the dissolution of It'd
| by Limitation or otherwise -
| liquidated by three commits;
! by the stockholders, who 81
| fix their compensation
| The incorporates whose
| this act have and do by the
| to number of shares OF g Hs
| opposite their names.
| Thus done and passed at s4y
| sion, state of Louisiana, on
year first above written,
i Messrs. Felix N. dros an
| and competent witnesses,
| aDpearers and me. Notar
presents after due reading
WITNESSES