The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1912-04-30
CHARTER
Of the Florence Planting Com
pany, Limited, No. 1854.

BE IT KNOWN. That on this
18th day of April, in the year of our
Lord, nineteen hundred and twelve,
(1912), before me, Frank K. Hopkins,
Deputy Clerk of Court and ex-Officio
Notary Public, in and for said Parish
and State, duly commissioned, quail
fed and swOrn as such,
PERSONALLY CANE AND ABB
FEARED
The parties whose names IRE here
unto subscribed, all of full age,
who declared that, availing them
selves of the provisions of the laws
of this State. relative to corporations,
and especially of act No. 36 of 1888
of the General Assembly of Louisi-
ana, they have covenanted and
agreed, and by these presents cov-
enant and agree, and bind themselves,
as we'll as IS such other persons as
may hereafter become associated
with them, to form and constitute a
corporation and body polite In law,
for the purpose aud objects, and
under the stipulations, articles and
conditions following to-wit:
ARTICLE L.
The name of this corporation shall
oe FLORENCE PLANTING CON-
PANY. LIMITED, and by that name
it shall have power and authority to
enjoy succession for a period of
ninety-nine (99) years, unless sooner
dissolved, to contract, to sue and to
be sued, use a corporate seal and to
alter and break same at pleasure; to
hold, purchase. lease, sell, mortgage
and hy~pothecate property. both real
and personal, to name managers,
agents and directors, as the interest
of the corporation may require, and
to make and adopt such bylaws and
regulations as may be necessary
ARTICLE II.
The domicile of this corporation
shall be in the City of Lafayette,
Lafayette Parish, said State, and
the President, or in his absence, the
Secretary shall be the proper person
on whom legal process may be served.
ARTICLE III.
The objects and purposes for which
this corporation is formed are here
by declared to be: To engage in ag-
riculture and planting; to own and
operate a plantation Or plantations;
to buy and sell real estate or person
al property; to ALLEVIATE, by mortgage
or otherwise, any real estate pur.
chased by it and to do any and all
acts necessary Or incident to the pur.
poses for which the same has been
organized.
ARTICLE w.
The capital stock of this corpora.
ton is hereby fixed at TWENTY.
FIVE THOUSAND (S25OOO. OO) DOL
LARS, divided into TWO HUN.
DRED and FIFTY (25O) shares OF
ONE HUNDRED DOLLARS EACH
and business under this charter shall
commence whenever FIFTY-FOUR
HUNDRED (S54OO. OO) DOLLARS o.
the capital stock is subscribed fol
and paid.
ARTICLE v.
The corporate powers of this cor
poration shall be vested in q Board
of Directors, composed of nine stock
holders, who shall be elected on the
second Monday of April, 1918. and
annually thereafter. The first Board
| of Directors shall be Nathan Abram.
son, John G.. Nickerson, O.. B. Hop
kins, DR.. A. r. Trahan, G. l. Young,
Morris Rosenfield, Myrtil Meyer,
Sigmund B. Kahn and Charles D.
CafYery, with Charles ID. Caffery
President, Orren B. Hopkins, Vice
president and Clifton l. Young, Sec.
rotary and Treasurer, who shall hold
their Offices until the election of their
successors as herein provided.
A majority of the stock present
shall elect the directors. each stock.
holder being entitled to one vote fol
each share of stock owned or con.
trOlled by him. and shall be entitled
to vote either in person or by proxy
in writing. Notice of election to bt
given by printed notice in q weekly
paper published in the parish of LAT
ayette, Louisiana, thirty (30) days in
advance of any election.
ARTICLE vi.
All vacancies occurring in the
Board of Directors shall be filed by
election h. the remaining members O
| the Board.
ARTICLE VII.
No sale of stock in this corporation
shall be valid or binding unless the
same is transferred on the books O.
the Company. Any stakeholder de
string to sell or dispose of the stocl
owned by him shall give thirty day.
notice thereof to this company, anG
offer same first to this corporation
ard then to the then existing stock
holders, or to any one or more o
them, who shall have the option tt
| purchase same at its market value
on their failure to SO purchase sale
stock, the said stakeholder may ther
offer and sell such stock elsewhere.
! ARTICLE VIII.
No stakeholder of this corporation
shall ever be liable for the contracts
or faults Of this corporation in any
further sum than the amount of thu
upaid balance due on his stock, mol
shall any informality in organization
have the effect of rendering this char
ter null or Of exposing 3 stakeholder
to sny liability beyond the unpai(
amount due on his stock.
ARTICLE TX.
This charter may be amended O
changed by . two-third (2-3) vote o
the stockholders thereof at . meeting
called for that purpose. or the SAM
may be dissolved by such . vote il
such manner sitter thirty days pub
lished notice in q newspaper printe(
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