The herald. [volume] (New Orleans, La.) 1905-1953, 1912-05-30

\ I
before me, Frederic Charles Marx, notary
public duly commissioned and qualified, in
and for the parish and state aforesaid there
in residing and in the presence of the wit
neSses hereinafter named and undersigned,
personally came and appeared the several
persons whose names are hereunto SuDScrlD-
ed, who declared: that awaiting themselves
Of the provisions Of the constitution and
laws of the state Of Louisiana relative TO
the formation Of corporations, they do by
these presents form themselves, their sue
reSSorS and assigns into a corporation I'M
der the laws OF the state of Louisiana, and
under the stipulations hereinafter set forth,
to-wit:
The name OF this corporation shall be
THE CECILIA SUGAR COMPANY, LIN
TIED, under which name 1t shall have and
enjoy corporate existence and succession for
a period of ninety-nine years from the date |
of this act, with full power in the prosecu-
ton and for the purposes or its business,
as hereinafter defined. to contract, sue and |
be sued to acquire, lease, use, hold, alien |
ate, mortgage, pledge, or otherwise encum- |
Der, any property, movable or lmmOVaDle, |
in and out OF the state OF louisiana TO |
issue notes. bonds or other evidences Of
and to secure same by pledge, |
mortgage or otherwise; TO appoint or elect
such directors, officers, managers or agents;
as its business may require; to make, amend
or repeal at pleasure bylaws for the man.
agement of its affairs, and generally TO ex-
ercise all the rights and powers that may
poratiOnS of this character.
ARTICLE II.
The domicile OF this corporation shall be
in the city Of New Orleans, parish Of Or
leans, state OF Louisiana, and all citations
the president, or, in his absence, upon the
vice-president.
ARTICLE III.
The objects and purposes for which this
corpora Hon Is established and the nature
OF the business to be carried on by 1t are
hereby declared to be: TO buy, sell, lease.
improve, drain, reclaim, irrigate, plant and
cultivate lands and real estate In the state
Of Louisiana and elsewhere; to plant, cul-
tivate, buy, sell and deal in cotton, cane,
rice and other agricultural products; to
construct. own, lease and operate canals
for the purpose OF drainage and irrigation |;
to build. own, lease, sell and operate sugar
re6neries rice mills cotton gins and cotton
Icompresses warehouses and other manufac-
| tories as may be necessary or convenient In
connection with the business OF this corpo-
ration; to promote immigration into and
the development of lands in this state; to
| feed and pasture cattle in connection with
| their lands: and for any OF the purposes
| above stated, to purchase or lease, and hold,
own, or sell or rent out property both NOV.
able or immovable, and for the purpose OF
| developing the same TO construct and oper-
ate in connection with any OF their lands
1
barge lines: to make advances to farmers
| and other persons, who may own or lease
and cultivate lands: to conduct and operate
| general mercantile and supply stores, and II
shall have the right to purchase and hold
stock in other corporations and generally
| TO do all things that may be necessary In
| or convenient for accomplishing the pur-
poses herein above set forth, and In connec-
ton Herewith to make all contracts requi-
site or expedient to the accomplishment OF
any OF the purposes for which this corpora
ton Is organized.
ARTICLE ".
The capital stock of this corporation is
hereby fixed at the sum Of one hundred and
fifty thousand dollars (S15O.OO0OO) divided
into and represented by fifteen hundred H..
dollars (S100.O0) each, which shall be paid
for in cash. or may be issued at not less
than par for services rendered to, or pro
perry purchased by, said corporation, oil
payable in instaIlments on such terms and
conditions as the board of directors may nix
The certificates of shares of stock shall
not be issued until fully paid for, and shall
be signed by the president and by the secre
tary-treaSurer, or in the absence or inabilt,
of the president or secretary to act, by thu
, vice-president. Said stock shall be transfer
able only on the books Of the company ant
on surrender or due proof of loss of tn,
original certificate and until such transfe
on the books Of the company the compan!
shall be authorized TO treat the records
This corporation shall be organized an
, become going concern as soon as MT.
, thousand $50 000.00) dollars shall nav
been subscribed to the capital stock.
ARTICLE v.
> All the power of this corporation shall b
2 vested in and exercised by board OF thre
directors, pursuant to such rules and regu
/, lations as they may adopt. The said direC
: tors shall be elected by ballot at an annus
y - - - l,A1l V,nIa Nha oF
Q pervision of two commissioners of electio
4 appointed by the board Of directors, whic
4 meeting shall be held on the first Monda
in the month of May OF each year after fter dg
,, the address furnished by such stakeholder I
v the secretary, not less than ten days prio
. to the holding of such an election. I'll
first board of directors shall be elected In
q mediately after the signing Of the charte
II by the subscribers to not less than fit
v thousand (S50,0OO.OO) dollars of the capt.:
= stock, and the directors so elected shall hol
office until the first Monday in May, 1914
= At all meetings Of the shareholders eaC
= shareholder shall be entitled to cast or
= vote, in person or by proxy, on each shal
3 the board Of directors, any director absel
70 from the city may be represented by ar
,e other director, who may cast the vote
= said absent director according to the wri
+ ten instruction of said absent director
n The board of directors shall have fu
"A powers and authority to sell, lease, mortgat
~ or pledge any and all of the property, mo
= able and immovable, belonging to the COZ
70 pany without referring to the stockholde
h for power to do so, and they may also pu
N chase, for cash, or on credit, property
~ any kind required for any Of the purpos
of the company, without authority Of q
shareholders; or make any contract al
Dr. perform any act whatsoever for and In c
Ii name of the corporation which the corpor
Of tion itself could make and perform.
at The board Of directors shall have n
I'd power and authority to employ, appoint {
II such time as they deem proper, and to d
IN miss such managers, superintendent, agen
d. and employees as they may deem best a.
to vest in them such powers as they see
ed and to fix their remuneration.
rs In case Of any vacancy in the board
rs electors the remaining members shall ha
IS the power to fill the vacancies, and all
rs rectors and officers of this company sh
nd remain In Office until their successors Q
X elected and qualified. Failure TO hold
annual meeting shall not dissolve the G
he ARTICLE VI
ne This act Of incorporation may be chang
or modified or altered, or this corporation m
ok be dissolved with the assent of three-foQrt
of of the stock present or represented at
.ty meeting convened for that purpose after
tx (1O) DAYS written notice mailed 70 e;
of stakeholder at his last known postof1ce
Ial dress.
be. be ARTICLE VII
All proceedings relative to the increas
IN or diminishing of the capital shall be tai
in in the manner prescribed by the laws
en-. the state of Louisiana.
wv. ARTICLE Will