The herald. [volume] (New Orleans, La.) 1905-1953, 1911-09-14

ferred stock. 'onnoh ana pre-
In case of iquidation-either voluntary
and aVaiIs ay the company, the assets
hrst TO pay the par value of the npefarrod
STOCK and all arrears of dividends thereon
III iuii Defore any distribution shall he
'ha Sn, IN Iayor or the common stock.
Sald stock, both common and nreferrad
snaIl De paid for in installments of sucb
amounts and at such times as the hoard
Oh directors may, determine but any part
OF parcel or said stock may be issued Inv
said board of directors at NOT less tba2
par, In payment of labor done or land or
property actually received by said CORPORA
This corporation shall commence hrs,ro,s
and be going concern as soon as One
nundred twenty-five Thousand (S1o5 O0OI
dollars OF Its capital stock shall have been
suoscrIDed 1or, and this charter signed and
ARTICLE ".
All the corporate powers OF this corpora.
non snail De vested in and exercised by a
board or hve (5) directors, to be composed
OF stockholders, three of whom shall con-
Stltute quorum for transacting all bust
ed with full power and authority TO make
al contracts, purchases and sales and adOnt
all bylaws, rules and regulations for the
government OF the business and affairs of
the company, and alter, anend and change
the same at pleasure appoint, hire and dis
charge all officers, agents and EMPLOYEES. fix
all salaries, and generally to do and per
lorm all Things necessary in the transaction
OF the business and affairs of the company.
Any vacancy occurring In said board shall
be hlled by the remaining directors in the
manner provided for in the bylaws.
Inc hrst board Of directors of this cor
A. sherman Hill, John S. Perry, Allen s.
Ferry and George III. Penn, with the said
James A. Clinton as president, A. Sherman
mn as vice president, and John s. Perry as
secretary and treasurer, who shall hold their
offices until the first Monday in December.
1912, or until their successors are duly
elected and qualified.
On the first Monday in December 1912
and annually thereafter, an election for di-
rectors shall be held at the office of the
company, under the supervision of three
commissioners to be appointed by the presi-
dent, and the directors then elected shall
take their seats Immediately and shall hold
office until their successors are duly elect
ed and qualified. Each board shall elect its
own OFFICERS, which shall consist of presi-
dent, secretary and a treasurer. Two of
said offices may be held by the same per-
son.
All corporate elections shall be by ballot,
and a ma jority of the votes cast shall elect
and at all stockholders meetings held for
any purpose, each share of stock shall be
entitled to one vote, either in person or by
proxy, by the person in whose name same
Is registered on the books of the company,
and the board Of directors may close the
stock transfer books for a period not ex-
ceeding thirty days before any meeting.
Written notice Of stockholders meetings
shall be given to each stakeholder by the
secretary at least ten (1O) days prior to
elections. by mailing same, postage pre-
paid, TO his last known postoffice address.
The board of directors shall have power
to establish stock transfer agencies IN
der reasonable rules and regulations, in the
cities of New Orleans La; and Chicago.
ILL.,, and at such other places as they may
deem necessary and the business Of the
corporation shall require.
ARTICLE v.
This act of Incorporation may be changed
altered or modified, or this corporation dis
solved. with the assent of there-fourths
GA of the stock present or represented at
any general meeting of the stockholders
days prior notice of such meeting shall have
been given by publication in one of the
daily newspapers published in the city OF
New Orleans, by five (5l publications dur
be made in reference to the capital stock
shall be made in accordance with the then
existing laws on the subject.
ARTICLE VI
Whenever this corporation is dissolved
either by limitation of it's charter or from
any cause, its affairs shall be liquidated by
from among the stockholders at a meeting
of the stockholders convened for that pur
pose after thirty 800 days prior notice
shall have been given by the secretary e
each stakeholder. Said commissioners shall
remain in office until the affairs of said
corporation shall have been fully liquidated
In case of the death of either commission
er, the survivors shall continue to act
ARTICLE VII.
No stockholder of this corporation shall
ever be held liable or responsible for the
contracts or faults thereof in any further
sum than the unpaid balance due to the
corporation on the shares owned by him
nor shall any mere informality In organiza
ton have the effect OF rendering this char
ter null, nor of exposing a stakeholder Il
any liability beyond the amount OF hi
stock
The subscribers hereto have each writer
opposite their names the number OF shares
subscribed for. so that this act may als'
serve as the original subscription list.
THUS DONE AND PASSED in my n0tarla
office in the city OF New Orleans, La u ci II
thorpe, competent witnesses Of lawful age
and residing In this city, who hereunto SUP
scribe their names, together with said par
ties and me, notary, on the day and dat'
set forth In the caption hereof.
Original signed:
Jas. A. Clinton, 312 shares.
Per Pro A. 8. Hill.
Jno s. Perry, 312 shares.
Per Pro A. s. Hill.
Allan s. Perry, 151 shares.
George III. Penn, 157 Shares.
"l a. r ebfiUsENBURY.
'' J. G. EUsTIs,.
(SeaD Notary Public.
/, the undersigned Recorder of Mortgages
in and for the Parish of Orleans, State O
Louisiana, do hereby certify that the abov'
and foregoing act of Incorporation OF tn
Dixie Delta Farms Company. was this ga,
duly recorded In my office In Book lool
folio :. 49,,
New orleans, La. Aug u, 1911;
GSigned) EMILE LEONARD,
Deputy Recorder.
I hereby certify the foregoing and within
to be a true and correct copy OF the orig
inal act of Incorporation Of the Dixie Deiti
Farms Company, together with the certln
cate of the Recorder of Mortgages on MI
and of record In my office.
In faith whereof have hereunto set m
hand and seal this fourteenth day OF Au
gust ]. G. EUSTIS,
fseau Notary Public.
Aug. II, "a, 81, Sept. Z, IA, p, 1911.