The Thibodaux sentinel. (Thibodaux, La.) 1905-1912, 1910-04-02
CHARTER.
UNITED STATES OF AMERICA,
State OF I4ouisiana.
City Of New Orleans.

BE 1T KNOWN, That on this 18th
tday OF the month OF March, in the year
and ten, and OF the Independence Of the
United States the One hundred and
BEFORE ME-, JOHN JANvIER, a
Notary Public in and for the State and
Parish aforesaid, duly commissioned
and qualified, and in the presence Of the
witnesses hereinafter named and ..un-
PERSONALLY CAME AND ZAP
The parties whose names are hereunto
/ subscribed
! WHO DECLARED:
That availing themselves of the pro-
visions of the Constitutlonhand laws OF
the State of Louisiana relative to the
formation of corporations, they have
coyenanted and agreed, and do by
| these presents covenant and AGREE and
! bind themselves, their successors and
assigns, and such other person or per-
sons as may hereafter become associated
with them, to form aud constitute cor
! objects and purposes and under the
| stipulations and conditions following,
ARTICLE I.
The name Of this corporation shall be
| LIBBY & BLOUIN, LIMITED" and
under such name, 1t shall have and en-
joy corporate eXistance and succession
for period of nlnety-nine years from
the date of this act, with full power in
the prosecution and for the purpose OF
Its business, as hereinafter defined, to
contract, sue and be sued; to acquire,
lease use, hold, ALLEVIATE. mrrtgage,
pledge, or otherwise encamber prop
erty, movable or immovabre, in or out
of the State of Louisiana; to issue notes
bonds or other evidences indebtedness,
and to secure same by pledge, mortgage
or otherwise; to elect or appoint such
directors. officers, managers, agents or
other employees as the interest or con-
make. amend or repeal at pleasure such
| bylaws, .rnles or regulStiona touching
| the managemert Of its sffairs or bust
| ness for the exercise of its powers as
| may be necessary or convenient; to IN.
crease or decrease its capital stock, and
generally for the purpose and objects OF
Its business to exercise all the rights
and powers that may now or hereafter
be permitted by law:to corporations OF
| this character.
ARTICLE II.
The domicile Of this corporation shall
be ut Bushgrove Plantation, near La
| fourche Crossing, in. the Parish OF La
fourche, In the State OF Louisiana, and
all citation or other legal process shall
be served upon the President and In
| his absence, on the Vice President, and,
upon the absence of both, upon the
Secretary or Treasurer Of this corpora
ton.
The objects and purposes for which
this corporation is established ana the
nature Of the business to be carried on
4 r. loo fo hn
or lease and operate plantations within
or without of the State of Louisiana for
the growing and cultivation OF agricul-
tural products Of every nature whatso-
ever; to own or lease and operate sugar
mills aad ref1neries and rice mills to
use in manufacture the by products of
cane, rice and other agricultural pro-
lease and operate private lines OF rail
road for the transportation OF its pro-
ducts and merchandise, to own or lease
and operate steamboats,, tow boats and
barge lines and warehouses to store
property for hire; to purchase an deal
In agricultural products and merchan-
discs; to make loans and advances to
planters and merchants; to do general
com mission, factorage and mercantile
business; topurchase or otherwise &C
uuire, own and sell the stocks and bonds
Of other corporations, and generally to
do and perform any and all acts ana
things incidental. pertinent or app Pro
PIRATE to the PH oRETfffsc hftf'a enumerated
f The capital stock OF this corporation
lis hereby fixed at Two Hundred and
Four Thousand Dollars f$204 .000.) repre-
sented by tive thousand and forty shares
OF the par value Of $4,000 each, which
s4id stock shall be paid for In cash, or
may be issued In payment Of ana for
rights or property actually received by
this corporation.
All transfers Of shares of the capital
stock of this corporation shall be enter
ed upon the stock book, and no transfer
shall be in any manner binding upon
this corporation unless 1t shall be SO
entrred.
This corporation shall become going
concern and may commence business
when all of its capital stock shall have
been subscribed and paid for, either In
cash or in property or rights actually
received by this corporation.
ARTICLEV.
All the corporate powers OF this cor
poration shall be vested i'll and exer-
else by Board of directors, composed
Of three stockholders, majority OF
whom shall constitute quorum III the
transaction Of business said directors
shall be elected ata general meeting OF
the stockholders Of this corporation to
be held on the on first Monday II Feb
ruary in each year. unless said day
shall be legal holiday, in which event
said election shall be, hcld on the next
succeeding business day.
Notice Of said:.election and of all stock
holders meetings shall be given to each
stakeholder by letter addressed to his
last known place Of residence and de-
posts in the mails Of the United States |
at least ten days prior to the date OF
said election or meeting.
Said Board Of Directors shall, at its !
first meeting, elect from i.s members a
President, Vice-President and Secre- |
tary, and said Board shall designate one |
of its officers to act in the. further cap |
acity of Treasurer Of this corporation:
The first election for directors under |
this charter shall be held and shall take |
place on the first Monday in Feb, 1911,
until which time, or until their sue |
cessors shall have been duly elected and |
qualified. the following shall constitute |
the first Board of Directors, to-wit:
81. Generes Dufour, and the said Louis A.
Blouin shall be the President, and the
said J. Walter Libby shall be the Vice /
President and Treasurer, and the said /
+; !, asneres sI,ei, shall b Secretary Of
The failure for any cause to elect d.
have the effect ofdtssolving this corpor-
alton, but the officers and directors
then In office shall hold over until their
SUCCESSORS shall have been duly elected
qualified. In the eventof any failure
to hold said election on the day stipulat-
ed herein, the President Of this corpo-
. new election to be held, after notice as
provided TOR. At all cleo
tions,' and at oil meetings of stock
holders, each stakeholder shall be en-