The herald. [volume] (New Orleans, La.) 1905-1953, 1913-01-02
ARTICLE III.

ARTICLE IL.
The objecrs ana 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 live stock farm,
and to do all things connected Herewith or
incidental TO said business; also TO Guilt
vate, raise buy and sell all feed stuffS and
grain and all agricultural products
ARTICLE Ill
The capital stock Of. this corporation IS
hereby fixed at five thousand dollars. Iii
vided into fifty shares of the par value OF
one hundred dollars each, said stock shall
he paid for in cash, labor performed or prop
erty actually received by the corporation.
as the board of directors shall see fit; this
corporation Is authorized to commence bus
mess and be a going concern as soon as
three thousand dollars of the stock Is sub
Scribed. No shares of stock shall be trans
ferred except on the books of the company
and until the certificate cvidencing the
shares of stock to be transferred shall have
been delivered TO the company and duly
cancelled. and the corporation shall have
the right to refuse 10 make said transfer
upon its books as long as the owner OF said
stock is indebted to said corporation. Any
stakeholder who NAV desire to dispose of
his share or shares OF stock shall give the
refusal of same for ten days to the cOrpOc-
alton at a price not exceeding the book
value thereof, and should the corporation
not avail itself of the right TO purchase the
same, the refusal shall be given to the yari-
Gus stockholders beginning with the then
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 anywiSc acquire or
ALLEVIATE the property both real and per
SOnal. shall be vested in board of direc-
tors, composed of three stockholders, who
shall be elected annually on the second
Tuesday of January Of each year. cOmmenc-
ing January, 1913, by the majority of the
stockholders voting at such election, which
shall be held after ten days written notice.
delivered either in person or by mail to the
last known address left by the stakeholder
with the secretaFytr of the com
pany. and at such meeting each stakeholder
is entitled TO one vote for each share of
stock held by him or her; the directors
thus elected shall remain in Office until
their successors are elected and qualified,
and the failure to so elect each year ShGll
not have the effect of rendering this char
ter null, but the board in Office shall con
time until the new board is elected and
qualified; the directors shall out of their
and secretary-treaSurer; and until the
first election as above specified, the board
of directors shall be composed of DR.. John
\. Kyle, William III. Douglas and Alfred
Plaisance, with Dir. John A. Kyle as pres
ident; William ii. Douglas, secretary-treas-
urer, and Alfred PlaiSance, vice-president.
The board of directors shall have the right
to make bylaws, the same to alter, amend
or repeal; to employ and discharge such
clerks and employees as may be necessary
ARTICLE V.
This charter may be changed, altered or
amended. or said corporation may be dis
solved by a vote of twO-thirds of the cap
ital stock represented and voting at a gen
eral meeting OF the stockholders called for
that purpose, after a thirty days written
notice sent TO the stockholders as above
specified.
ARTICLE VI.
Whenever this corporation Is dissolved
either by initiation or otherwise, its af-
fairs shall be liquidated by three liquidators,
TO be elected by the stockholders at gen
eral meeting convened and held in accord
ance with Article Five; said liquidatOrs
shall remain In office until the affairs of
the company are fully liquidated and set
tied in the event of death or resignation
Of any of the said liquidatOrs, or a vacancy
occurring for any other cause, the said
vacancy shall be filled by the remaining Ii
quidators.
ARTICLE VII.
No stakeholder shall ever be held liable
or responsible for any of the debts or obliga-
tions of the company beyond the unpaid
balance that may be due by them on the
stock subscribed by them nor shall any
mere informally in organization have the
effect of rendering them liable beyond the
unpaid balance that may be due by them
on said stock. The number OF shares sub
scribed opposite the names of the under
signed subscribers shall act as the original
stock subscription list, none other existing.
Thus done and passed. in my Office, 81
CarOndelet street, this city, on the day,
month and year herein first above written,
in the presence of Messieurs John J. Nc
ClOskey and Stephen GorrOndona, competent
witnesses, who hereunto sign with the said
appearers and me, notary, after due reading
of the whole.
Original signed: viii. ii. Douglas, 70
shares; DIR. John A. Kyle, IL shares Al
fred Plaisance, 6 shares. John j. McClos-
key, Stephen GOrrondOna.
JNO. WAGNER, Not. Pub.
/, the undersigned recorder of mortgages
in and for the parish of Orleans, state of
| Louisiana hpFnhV hat ha how
and foregoing act of Incorporation of the
"WoOdley Stock Farm Company, Limited"
was this day duly recorded in my office, in
book 1855, folio =.
New Orleans, La, Dec 3. 1912
(SignedD EMILE LEONARD, d. r.
true copy.
JNO. WAGNER, Not. Pub.
dec IL 10 &c jan 0