The herald., 1911-11-30
ARTICLE III.


tlvating and gathering OF corn, rice, cotton'
sugar cane, or any other crops or produc
tions OF the soil that the corporation may
desire TO plant; to build, erect, construct
and maintain, with all necessary incidents
thereto, dwellings, barns, sheds warehouses
and buildings Of any and all kinds TO DE
used in the carrying out OF the ooJects anu
purposes OF this corporation. 49,
Third-TO engage in the raising, selllnS
breeding and buying Of live stock or all
kinds and descriptions, and to do any ana
all things necessary and incident TO said
live stock business.
FOurth-To purchase erect, operate, own
and manage rice mills, cotton gins ana
presses, oil mills, saw mills sugar mills,
corn and grist mills. and to rent and lease
same: and to manufacture and convert said
products OF its own, or Of any other farm or
plantation, whether said products are Vege,
table, animal or mineral, into any form ana
10 market same A; and generally to do any
and all things necessary and incident to the
oDeration and management OF said mills.
Ffrh--To excavate, dig and maintain
canals. and to build. construct and main
tain levees for the purpose OF said planting
operations; to own, manage and operate
stores for the purchase and sale OF mer-
chandise and generally to do and engage
in any other business undertaking or enter
prise. connected with or growing out or, In
cident or germane TO any of the objects and
purposes for which this corporation Is or
ganized or set forth in or contemplated by
this charter.
The capital stock OF this corporation is
hereby declared TO be one million ($l,OOO,-
O0UI dollars, divided into and represented
by ten thousand 100000 shares OF the par
valLe Of one hundred $1,000 dollars each,
which said stock shall be paid for in cash
or its equivalent.
concern as soon as said stock shall have
been subscribed for to the extent OF five
hundred thousand dollars (s50O,00Ol.
The stock Of this corporation shall not be
transferred except upon the books OF the
corporation and no stock shall be trans
ferred by any stakeholder until IL shall have
been first offered for sale 10 the board OF
directors Of this corporation at It's market
value. or, in default thereof, at its par
ARTICLE V.
The corporate powers of this corporation
are hereby vested in and are to he exer-
cised BY a board Of directors consisting OF
five 90 stockholders.
Lillian Lyons Clarke, Louis Strong
Clarke, George Steele Clarke, John Pharra
and Maurltz Pyk shall be the directors I'M
til the second Thursday in February, 1913,
and each succeeding year there shall be held
an election OF directors OF the company,
which election shall be called by mailing TO
each stOckholder at his last known place OF
residence five days written notice. Failure
TO hold an election on the date specified
shall not dissolve the corporation, but the
pective offices until an election be held sub
sequently, after five days notice OF the time
and place thereof. Upon the failure OF the
president to call meeting for the purpose
Of eIecting directors. any stockhoider or
stockholders owning ten per cent. t1OSo) OF
the capital stock shall have the right TO call
said meeting upon giving the required no.
tice.
All vacancies in the board OF directors
shall be filled by the remaining directors.
The following shall constitute the omcers OF
the company until their successors are elect
ed by the board OF directors, coming into
office on and after the second Thursday of
MAY, 1912 Lewis :. Clarke. president; Lii
liam l.. Clarke, vice-presIdent; George Steele
Clarke. secretary-treasurer.
ARTICLE VI.
No stakeholder of this corporation shall
contracts or faults OF this corporation in
any further sum than the unpaid balance
due 10 the corporation on the shares owned
by him; nor shall any mere informality in
organization have the eeffct of rendering
this charter null or OF exposing a stock
holder TO any liability beyond the amount OF
his stock.
While this corporation is incorporated for
the period OF ninety-nine years, nevertheless
at the end of twelve years from the date
hereof liquidation OF this corporation may
having standing in his or their names shares
Of stock amounting to or numbering two
thousand shares
This right is conferred on such stock
holder or stockholders owning or having in
his or their names two thousand shares OF
stock standing in their name, on the books
OF the company. at the time the meeting or
stockholders Is held for the purpose OF vot-
ing upon the dissolution OF the company.
In case the proper officer Of the company re-
fuses or neglects 10 call such meeting Of
stockholders, after written demand by any
stakeholder. such meeting may be called by
stakeholder himself aften ten days writ
ten notice sent by mail to the last known
place OF business or residence OF the other
stockholders. This article Is only for the
purpose of determining whether this COM
pany may he dissolved and liquidated at the
period OF twelve years from Its incorpora-
ton. and Is not to be construed with Article
VIII. Should no application be made for
dissolution under this article or should ap-
plicatiOn be made and withdrawn, or should
the requisite two thousand shares not be
had for the dissolution at any time before
the twelve year period. this article is to be
of no effect. A dissolution asked by any
stakeholder to take effect before the end Of
twelve years, or after the expiration Of
twelve years. can only be effected In accord
ance with Article VIII.
ARTICLE VIII.
This act Of incorporation may be amend
ed. altered or modified. or the corporation
may be dissolved, by a vote of two thirds of
the shares of stock, present or represented,
at a general meeting of stockholders called
for that purpose after ten (10) days notice
In writing mailed to the last known place of
residence or place Of business Of each stock
holder.
ARTICLE TX.
The capital stock of this corporation may
be increased or decreased in accordance with
existing laws.
ARTICLE X.
At the expiration of this charter, or IL
sooner dissolved, under Article Seven or IN
der Article Eight of this charter, the affairs
Of this corporation shall be liquidated by
the board of directors, who are hereby vest
ed with full power to sell any and all as
sets Of the corporation and to convey full
and complete title thereto. and shall have
power to do and perform all acts necessary
and proper to fully and completely liquidate
the affairs and distribute the proceeds
among the stockholders in proportion to the
amount CT stock held by each and said di.
rectors shall have the right to apply to the
courts for recognition as liquidating COM
missioners or receivers.
Thus done and signed In my ONCE. In the
city Of New Orleans, on the day. and in the
month and year first above written, in pres
ence Of Louis r. Hoover and Fred c. Quer-
ems, competent witnesses, who have signed
these presents, together with the said ap-
bearers and me, notary, after reading Of the
whole.
Names Of original subscribers omitted ,
witnesses L. r. Hoover, F. c. Quer.
ems. PHILIP GENsLER, JR.,
Notary Public.
!, the undersigned recorder of mortgages.
In and for the parish of Orleans, state of
Louisiana, do hereby certify that the above