The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-06-29
G. H A r T E L
OF THE
SOUTH BEND FARMS AND De.
vELOPMENT COMPANY.
United States of America,
State of Louisiana.

!
| City of New Orleans
BE it known, That on this Gath day of the
| month Of May, in the year of our Lord One
| Thousand Nine Hundred and Twelve and of
| the Independence of the United States of
| America, the One Hundred and thirty-sixth
Before me, William J. Formento Il Notary
| Public, in and for the Parish of Orleans, state
OF Louisiana, duly commissioned and quaifi
ed, and in the presence of the witness herein
after named and undersigned: Personally
came and appeared, the several parties whose
names are hereto subscribed all Of the full
| age of majority and domiciled in this State
who severaliy declared that avaiing them
selves Of the laws of this State, made and pro
vlded for the organization of Corporations,
they have formed and organic and by these
presents do form and organize themselves into
corporation for the objects and purposes
and under the stipnlations and agreements
hereinafter set forth and expressed, which
they hereby accept and adopt as their Char
ter, to wit:
ARTICLE
The name and title of the Corporation here
by formed Sis declared to be SOUTH BEND
FARMS AND DEVELOPMENT COMPANY"
Its domicile shall be on the Company's planta
ton, in st. Mary Parish Louisiana, but said
Company may maintain General Offices in the
City of New Orleans. Louisiana and it shall
have and enjoy succession by its corporate
name for period Of Ninety nine wears from
the date hereof.
All citation, or other legal process shall be
served upon the President and in case OF hi
absence or inability to act, upon the Vice Pre-
sldenti or thelSecretary.
ARTICLE III.
The objects and purposes for which this cor
poration is organized and the nature of the
business to be carried on by it, are declared to
be.
TO acquire, whether by purchase, inheritance. |
or otherwise, real estate, SIS well as movable
and mixed property, and to scil, mortgage |
rent. lease; pledge or otherwise dispose of |
same 10 cultivate, drain, recia IN, and devotion
lands and to su5divide, tenant and COLOMBO
same to acquire, own and operate sugar fac.
tories or refineries, saw and planning mills
mines of any kind or nature rice miIls and
warehouses; to acquire, build. and operate
private or public tramways, railroads. either
ny electricity steam, gas gasoline, oil, cable or
gravity, canals and any nature of water craft
70 operate or engage in agricultural pursuits |
TO conduct a general mercantile business. To
pasture and raise live stock; to acquire, operate
ease or sell any kind of manufacturing plant;
and generally to do and perform any and ali
Kings necessary in and incidental to the bust
ness
ARTICLE III.
The capital stock of this corporation is here
y liked at the sum of Six Hundred and Fifty
Thousand Dollars $3.50 600. 0O) divided into |
common and preferred stock. Of the common | l
took there shall be three Thousand (3O0O) shares
# the par value of One Hundred Dniiars |
100000 each, and of the preferred stock {
here shall be three thousand five hundred
5000 shares of the par value OF One Hundred !
Dollars $1,000 each The said three thou
and nVe hundred (3500) shares of preferred q
took shall be non voting and entitled to re- c
Give dividends at the rate of six per cent lsl =
er annum, from date of issuance out of the 5
arnlngs or said corporation, before any divid | e
nds shall be paid upon the said common stocL Z
nd snch dividends shall be cumulative so a
lat any deficiency in the dividends to be c
ana on such preferred stock in any year, shall G
e made good out of the earnings of subseouent
ears, before any dividend shall be paid npon
he sand common stock. And in case the earn OF
lgs or the corporation shall permit divid- NJ
Ids in excess of said six per cent. so To he a
aid, the said excess earnings, wholly or in "
irt, as the Board of Directors NAV deem adj. a.
sable, shall be paid to the common stock S,
ibution of its assets, arrears of DIVIDENDS NJ
lall be paid to the holders of such preferred Ii;
ock, and the shares of the preferred stock
all De pald IN run before any payment shall Pl
made to the holders of the common stock
t when such arrears of dividends and the | lie
&c value of such preferred stock shall have ca
EN- paid, the holders thereof shall receive no an
Ter or additional payments whatever. sl
This corporations may redeem the whole or c.
y part OF the issue Of its preferred stock AT co
y time after three years from date of issu he
&c, at io3' and an accumulated dividends bv IN,
ling ninety 30 days notice, such redemntio11 | ur
be made as the Board of Directors NAV deem Ell,
visaDle. RI
aid preferred and common stock shall ha IN;
ued full paid and worcestershire: said mo |
red stock for cash only said common stocl SCI
viewer, may be ISSUED in payment for pron | da
y, or rights, leases and options actually re- m;
We'd Dy, or Tor services actually rendered 10 pu
3 corporation. IN
II transfer OF stock shall be inscribed on
ooohs % TINS corporation, but no stock ant
der shall sell or dispose of his stock before pr,
ing first offered it, in writing to the Com, sh;
y d. rs JUN Naiue. SOL
ilis corporation shalI commence business no
oon as Three Hundred Thousand Dollars
o. OO) of its common stock shall have
n subscribed; said amount of stock HAVING
n subscribed by the undersigned, for the etl
,ective shares set opposite their names 9th
company shall Immediately go into opera thr
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