The herald. [volume] (New Orleans, La.) 1905-1953, 1912-12-05
CHART Err

| TURING COMPANY.
STATE OF LOUISIANA, PARISH OF OR
| LEANS.
Be it known, that on this eleventh day
of the month of November in the year nine
teen hundred and twelve, and of the indie
pendence of the United States OF America,
the one hundred and thirty-seventh, before
me, Herman Michel a notary public, in and
| for the parish of Orleans, state of Louisiana,
| duly commissioned and qualihed and in the
presence of the witnesses hereinafter named
| and undersigned, personally came and ap-
| peared: the several persons whose names
are hereunto subscribed, who severally de-
| clared, that awaiting themselves of the laws
| of the state of Louisiana in reference to
| the organization of corporations, they have
| covenanted and agreed, and by these pres
| ents do covenant and agree and bind them
| selves, as well as all such other persons as
may hereafter be associated with them, TO
| form themselves into and constitute a cor
poration and body corporate in law, for the
| objects and purposes and under the cOndi-
| tions, stlpulations and regulations follow
| ing, viz:
ARTICLE l.
| The name and title of said corporation
shall be the Cora Planting Manufacturing
Company, and its domicile shall be in the
| city of New Orleans, parish of Orleans,
state Of Louisiana, and by that name said
| corporation shall have power and authority
to have and enjoy corporate existence and
| succession for the term of ninety-nine years
| from and after the day and date hereof ;
to contract. sue and be sued; TO make and
and alter at pleasure; to hold receive,
| lease, purchase, sell and convey, as well as
mortgage and hypothecate under its cor
porate name property, both real and per-
sonal; to borrow and lend money and to
give and receive securities therefor; to
| name and appoint such managers, directors,
officers, overseers and agents as the inter
est and convenience of such corporation may
| require, and to make and establish such by
| laws, rules and regulations for said cor
poration as may be necessary and proper,
and the same TO alter and amend at pleas
ure.
ARTICLE II.
All citations or other legal process shall
be served upon the president of said cor
poration, and in case of his absence, upon
the vice-president, and in the absence of
both, upon the secretary.
ARTICLE III.
The purposes for which this corporation
is established, and the nature of the bust
ness TO be carried on by Ii, are declared and
specified TO be, the development OF agricul-
tural resources of this state; the purchase
and sale of lands; the establishment main
tenance and operation of manufactures for
the conversion of products raised, gathered
or acquired, by the corporation, into goods,
wares and commodities, and the sale Of such
products, either as raw material or In the
manufactured state; the maintenance and
operation OF steamers and other vessels, or
vehicles for carrying the product and prop
erty OF said corporation and other freight
and passengers; to buy, sell, lease and In
any way operate plantations or tracts of
land to cause the same to be cultivated in
sugar cane. rice, cotton and other products
TO manufacture and convert the products
thereof into such goods and commodities as
ii may deem proper; to conduct and carry
on manufactures Of such material and com
modities; to establish stores and mercan-
tile houses for the sale of the same and
other goods, wares and merchandise; to-
construct, buy, lease, operate and hold
steamers and other vessels for carrying the
products and property Of said corporation,
and generally for the transportation of
freight and passengers; and to construct,
work. maintain and operate railroads, tele-
Herewith, canals, plank roads, bridges,
fences and other works Of public improve
ment.
The capital stock of this corporation Is
hereby fixed at the sum of one hundred
thousand (S1O0, 000.OO) dollars divided into
and represented by one thousand G,0OOl
shares of the par value of one hundred
lS10000) dollars each. Said shares of
stock shall be issued only at par and when
issued, shall be paid for in cash or prop
erty, or in the equivalent thereof. All
shares Of stock shall be issued as full paid
and worcestershire, and no transfer OF said
stock shall be binding on said corporation,
unless recorded on its books.
No holder Of stock in this corporation
shall sell his stock to any person until he
has first offered it to the board of directors
Of said corporation at its then book value,
and 1t shall be optional for this corpora
ton to refuse to recognize any transfer OF
This corporation shall be going CON
Germ as soon as fifty thousand (S5000O)
dollars Of its capital stock shall have been
subscribed.
All the powers Of this corporation shall
be vested In, and the management and con-
troll Of its affairs shall be exercised by. a
board Of directors, to be composed of five
stockholders, any three Of whom shall con-
stitute a quorum for the transaction of the
business of this corporation. |
The first board Of directors shall be COM |
posed Of Cassius NJ. Eiseman, E. X. Meyer, |
J. A. Hickey, NJ. Eiseman, and II. Meyer.
The officers Of said first board Of directors
shall be G.. NJ. Eiseman, president; ]. A. |
Hickey, vice-president and treasurer, and
II. Meyer, secretary; said board of direc- |
tors and the said officers shall serve and
remain In office until the first Monday in |
November, 1918. on which day, and annu. |
ally thereafter, the board of directors shall
be elected by the stockholders, at meet |
ing called for that purpose. All directors
and officers shall hold Office until their sue
cessors are elected and qualified; and any
failure to elect directors shall not be re-
garded as a forfeiture of this charter.
In the election of directors, each stock |
holder shall be entitled to one vote for each |
cast either in person or by duly authorized
proxy, and the majority Of the votes cast
shall elect. Any vacancy occurring In the |
board of directors may be filed by the re-
At the first meeting OF the board of direc- |
tors after their election and qualification, |
they shall elect from among their number a
president, vice-president and treasurer and
a secretary. |
ARTICLE VI.
All meetings Of the stockholders shall
be called by written notice, mailed to the
last known address of each stakeholder, not
less than thirty days before the date fixed
for such meeting, unless said notice has
been waived In writing by the stockholders.
ARTICLE VII.
This act of Incorporation may be amend
ed, modified, changed, or altered, or this
corporation may be dissolved with the as
sent Of the stockholders holding and owning |
three-fourths of the capital stock thereof, |
who may be present or represented at a i
general meeting of the stockholders con- |
vened for that purpose, and Of which due
notice has been given. |
When this corporation shall be dissolved, |
either by limitation or from any other cause, |
its affairs shall be liquidated by three COM |
missioners to be appointed for that pur-