The herald., 1912-12-05
CHARTER

CHARTER
OF WOODLEY STOCK FARM co. LTD.
UNITED STATES OF AMERICA: STATE
OF LOUISIANA. PARISH Of ORLEANS.
BE il known, that on this twenty sixth
day of November. nineteen hundred and
twelve, before me. John Wagner, a notary
public in and for Orleans parish, Louisiana.
and in the presence of the two undersigned
witnesses. personally came and appeared ::
the several persons whose names are here
unto subscribed, who declared that awaiting
themselves of the laws Of Louisiana. rcla-
tive to the organization of corporations
have contracted and agreed. and by these
presents contract and agree and bind them
selves as well as th0sa who may hereafter
become associated with them, TO form a
corporation for the objects and purposes
and under the following stipulations, to-
wit:
ARTICLE l.
The name and title of this corporation
shall he ''Woodley Stock Farm Company,
| Limited and its domicile shall be in the
| city Of New Orleans, Louisiana. and under
| said name shall enjoy corporate succession
| for a period of ninety mine years. and under
said name shall have power to contract. sue
and be sued: to make and use a corporate
seal. the same 10 break or alter at pleasure
| to hold. receive. purchase. acquire. ALLEVIATE.
| mortgage and lease property, both real and
| personal: to borrow money and TO issue
notes, bonds and other obligations. All eli
tation and other legal process shall be
served on the president. and in his absence
| or disability on the secretary-treasurer.
ARTICLE III.
| The objects and purposes of this corpOr.
| alton Is declared to be TO raise, breed. buy
and sell live stock and poultry of all kinds
and to generally conduct a live stock farm
and TO do all things connected Herewith oI
incidental to said business; also to cult
vate. raise, buy and sell all feed stuffs and
grain and all agricultural products.
| ARTICLE Ill.
The capital stock of this corporation i
hereby fixed at five thousand dollars Iii
: al hnA m IN =1anr Of Ia l,a
one hundred dollars each, said stock shall
be paid for in cash. labor performed or prop
erty actually received by the corporation
as the board of directors shall see fit: thi,
corporation Is authorized TO commence bus
mess and be a going concern as soon a.
three thousand dollars of the stock Is sub
Scribed. No shares of stock shall be trans
ferred except on the books of the compan,
and until the certificate evidencing tn,
shares of stock to be transferred shall hav,
been delivered to the company and dull
cancelled. and the corporation shall hav,
the right to refuse to make said transfe
upon its books as long as the owner of sal,
stock Is indebted to said corporation. An!
stakeholder who may desire to dispose o
his share or shares of stock shall give tn
refusal of same for ten days to the cOrpor
alton at a price not exceeding the bool
value thereof, and should the corporation
not avail itself of the right TO purchase tn
same. the refusal shall be given to the vari
Gus stockholders beginning with the the
! holder of the largest number of shares.
| ARTICLE ".
| All the corporate powers OF this cOrpor
alton, including the power to buy, sell. con
! vey. mortgage or in anywise acquire o
ALLEVIATE the property, both real and pei
: sonal, shall be vested In board of direC
tors. composed OF three stockholders, VIII
shall be elected annually on the secon
Tuesday of January of each year. commend
Ing January, 1913, by the majority of tn
stockholders voting at such election, whic
shall he held after ten days written motto,
| dali pa1 aftI A- H.,
A.; last known address left by the stOckholde
r with the secretary-treasurer of the con
Z pany. and at such meeting each stOckholde
r is entitled to one vote for each share O
STOCK held by him or her: the director
thus elected shall remain In office unit
their successors are elected and qualified
: and the failure to so elect each year sha
y not have the effect of rendering this cha
q ter null, but the board in Office shall col
J. time until the new board Is elected an
= qualihed; the directors shall out of the
y number appoint a president, a vice-presider
[ and secretary-treasurer; and until I'll
t nrst election as above specified. the boar
h or directors shall be composed of DIR. job
!. A; Kyle. William III. Douglas and Afre
n flaisance. with DIR. John A Kyle as pre-
d ident: William H. Douglas, secretary trea
t urer, and Alfred Plaisance vice-presiden
= The board of directors shall have the rigl
e 10 make bylaws. the same TO alter amen
or repeal: to employ and discharge sue
!, | clerks and employees as may be necessar
l. ARTICLE V.
r This charter may be changed. altered 4
l. amended, or said corporation may be di
II solved, by vote of twO-thrds of the ca
l. ital stock represented and voting at a &c
e eral meeting Of the stockholders called Z,
l. that purpose. after a thirty days write
n notice sent TO the stockholders as abo-
T. specified.
II ARTICLE VI
) whenever this corporation Is dissolve
d either by imitation or otheSySise. its a
d fairs shall be liquidated by three liauidator
to be elected by the stockholders at a ge
IT eral meeting convened and held In accor
Il ance with Article Five; said liquidato
"a shall remain in Office until the affairs
It the company are fully liquidated and SO
s. tied In the event Of death or resigna III,
rs Of any OF the said lquidators or a vacan,
y occurring for any other cause. the sa
!. vacancy shall be filled by the remaining
If quidators.
" ARTICLE VII.
No stakeholder shall ever be held lab
or responsible for any of the debts or oblig
], tons of the company beyond the unpa
y balance that may be due by them on Il
Is stock subscribed by them; nor shall al
r mere infOrmality In organization have Il
I. effect Of rendering them liable beyond t
n unpaid balance that may be due by the
o. on said stock. The number of shares su
N scribed opposite the names of the undo
y, signed subscribers shall act as the origin
stock subscription list none other existin
Thus done and passed. In my ONCE, 8
4, Car0ndelet street. this city, on the da
% month and year herein first above write