The herald. [volume] (New Orleans, La.) 1905-1953, 1912-05-09

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pefor" mo, Frederic Charles Marx, a 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 herruntO SubScrib-
ii. who declared that availing themselves
IF the provisions Of the constitution and
laws Of the state Of Louisiana relative 10
he formation Of corporations, they do by
heSe presents form themselves. their sue
Ter the laws OF the state Of Louisiana. and
under the stipulatiOnS hereinafter set forth,
IO-wit:
The name Of this corporation shall be
THE CECILIA SUGAR COMPANY, LIN
TIED, under which name il shall have and
an JOY corporate existence and succession for
a period of ninety-nine years from the date
NJ this act, with full power in the prOSecu-
ton and for the purposes or its business.
as hereinafter defined, To contract, sue and
he sued; 10 acquire, lease, use. hold, allen
ate. mortgage. pledge. or otherwise encum-
Der, any property, movable or immovabe.
in and out OF the state Of louisiana; 10
issue notes, bonds or other evidences OF
Indebtedness and to secure same by pledge,
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
agrment of its aHairs. and generally to ex
ercise all the rights and powers that may
now or hereafter be granted by law to cor
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
or other legal process shall be served on
the president, or, in his absence. upon the
ARTICLE Ill
The objects and purposes for which this
corporation il established and the nature
of the business to be carried on by IL 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
refineries, rice mills, cotton gins and cotton
congresses. 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-
and enterprises, railways, tramways. or
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 IL
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-
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.OOO.OO) divided
into and represented by fifteen hundred o.,
300 shares Of the par value Of one hundred
dollars (S100.00) each. which shall be paid
for in cash, or may be issued at not less
than par for services rendered TO, or pro-
perty purchased by, said corporation, or
payable in installments on such terms and
conditions as the board of directors may fix
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 inability
OF the president or secretary to act, by the
vice president. Said stock shall be transfer
able only on the books OF the company and
on surrender or due proof of loss OF the
original certificate: and until such transfer
on the books OF the company the company
shall be authorized to treat the recorded
owner as the owner for all purposes.
This corporation shall be organized and
become going concern as soon as fifty
thousand (s50,OOO.0O) dollars shall nave
been subscribed 10 the capital stock.
ARTICLE V.
All the power Of this corporation shall be
vested in and exercised by board Of three
directors, pursuant to such rules and regu-
10 thnr ~,
tors shall be elected by ballot at an annual
meeting of the shareholders, under the su-
pervision of two commissioners of election
appointed by the board OF directors, which
meeting shall be held on the first Monday
in the month of May OF each year after due
notice sent by mail to each stakeholder TO
the address furnished by such stakeholder to
the secretary, not less than ten DAYS prior
to the holding of such an election. The
first board of directors shall be elected i'm
mediately after the signing Of the charter
by the subscribers to not less than fifty
thousand $3.50, 000.00) dollars OF the capital
stock, and the directors so elected shall hold
office until the first Monday in May, 1914.
At all meetings of the shareholders each
shareholder shall be entitled to cast one
vote, In person or by proxy, on each share
of stock held by him. At any meeting OF
the board of directors, any director absent
from the city may be represented by any
other director, who may cast the vote OF
said absent director according to the writ.
ten instruction of said absent director.
The board of directors shall have full
power and authority to sell, lease, mortgage
or pledge any and all of the property NOV.
able and immOvable, belonging to the com.
pany without referring to the stockholders
for power TO do so, and they may also our.
chase, for cash, or on credit, property OF
any kind required for any of the purposes
OF the company, without authority Of the
shareholders or make any contract and
perform any act whatsoever for and in the
name OF the corporation which the corpora
ton itself could make and perform.
The board of directors shall have full
power and authority to employ, appoint fol
such time as they deem proper, and to dis
miss such managers, superintendent, agents
and employees as they may deem best and
10 vest in them such powers as they see fit
and to fix their remuneration.
In case of any vacancy In the board Of
electors the remaining members shall have
the power 10 fill the vacancies, and all di
| rectOrs and officers of this company shall
tremain in Office until their successors ar,
| elected and qualified Failure TO hold tn,
annual meeting shall not dissolve the cor
| pOratiOn.
ARTICLE VI.
This act Of Incorporation may be changed
| be dissolved with the assent of three fourthi
of the stock present or represented at
meeting convened for that purpose after tel
| (1O) days written notice mailed TO eacl
stakeholder at his last known postofice ad
dress.
| ARTICLE VII.
or diminishing of the capital shall be takel
in the manner prescribed by the laws o
the state of Louisiana.