The herald., 1912-12-12
Ill

shall be served on the president, and in cast
of his absence or disability, upon the secre-
tary-treasurer.
ARTICLE Ill.
The objects and purposes for which this
corporation is organized and the nature of
the business to be- carried ON 10y il ara here
by declared to be as follows, to-wit:
To conduct the business Of sugar. mo
laSSeS and rice brokers and factors and
commission merchants: TO buy. sell and
deal in sugar, mOlaSSeS and rice or other
agricultural products as principals or agents
To make advances for The raising Of crops
whether on notes or on open accounts. So
cured or unsecured; To loan money on mort
cages or otherwise; 10 borrow money and
for that purpose 10 pledge mortgage, notes
or other securities; 10 acquire and dispose
Of negotiable securities; TO purchase or 9th
trMl>+ acquire, improve, cultivate and dis
pose OF. mortgage. lease or make other con
tracts IN reference TO lands and plantations
in the state of Louisiana to engage in
planting and raising sugar cane and other
agricultural crops; to manufacture, refine.
buy and sell sugar cane and its products
To acquire and operate tramwayS hargrS.
steamboats, and motor boats for the trans
portatiOn of sugar and moaSseS: To run a
country store or general merchandise bust
ness. and to do all other things necessary
or incidental 10 the carrying out of the
above objects and purposes.
ARTICLE "
The capital stock Of this corporation is
hereby fixed at the sum Of one hundred
thousand dollars jSlOO. 900 UOD. divided into
and represented by one thousand shares of
the par value of one hundred dollars tSluu1
per share. This company shall have the
right to commence business and be a going
concern when three thousand dollars tS3-
100000 of the capital stock shall have been
subscribed for. All stock subscribed for
shall be paid for in cash or property re
Ceived or labor done at such time and upon
such terms and conditions as the board of
tract s.. -nlN ss4pnf .
stock shall be admitted or held to be valid
or binding SO far as the company Is con
cerncd unless made on the books of the
company. No sale or pledge of stock shall
be valid unless said sale or pledge is ac-
cOmpaned by a written certificate signed
by the president and secretary treasurer of
the company 10 the effect that said stock
was offered to the remaining stockholders
through the board of directors at It's book
value for period of ten days and they had
failed or declined TO purchase same
Stock sold or pledged in CONFIRMATION TO
this provision shall become the property of
the stakeholder first rendering 10 the trans
ferrce or pledges its book value.
ARTICLE V.
All the powers of this corporation shall
he vested in and the business and affairs
shall be managed by a board of directors
consisting of three directors who shall he
elected annually at meeting OF the stock
holders on the first Monday of October of
pdCn year, except lHt HTSI bodTu Ol ulEft-
tors named in this charter, who shall hold
Office until the first Monday Of October, 1914.
All elections shall be held by ballot at
the office OF the company under the super
vision of two commissioners TO be appointed
by the board of directors. Notice of such
meeting shall be given by the secretary
treasurer in writing, delivered to each stock
holder in person. or mailed TO his last known
address at least ten days prior to such
election, but this notice may be waived by
all the stockholders
At all such elections and at all meetings
Of the stockholders every stakeholder shall
be entitled 10 one vote for each share OF
stock standing in his name on the books
of the company at the date of said election
or meeting: said votes to be cast in person
or by written proxy, and majority OF the
votes shall elect.
The failure TO elect directors at the an
nual meeting shall not dissolve or affect the
corporation nor impair its management in
any respect but the directors in Office shall
remain in Office until their successors are
elected and qualified.
The board OF directors shall elect as soon
as possible after their own election and from
their own number, president, vice-presi-
dent and a secretary-treasurer and may
grant to each officer such power as they
deem proper.
cause shall be filled by the remaining direc
any other director his proxy to act in his
place and stead at meeting of the board
ARTICLE VI.
This act Of Incorporation may be modified
changed or altered, or said corporation may