Lower coast gazette., 1914-07-04

carry out the objects ana purposes VI
said corporation.
The president, OF in his absence,
the vice-president, shall be the proper
person upon whom citation or other
legal process shall be served.
Said corporation, unless sooner dis
solved in accordance with its charter,
shall exist and continue for the period
Of ninety-nine years, from and after
the date hereof.
ARTICLE II.
The objects and purposes for which
this corporation is organized, and the
nature of the business to be carried on
by it, are declared to be the following,
to-Wit:
Purchasing, owning, leasing, &C
curing, selling, cultivating, import
Ing, exporting and developing farms
and farm lands, fruit orchards and
fruit lands, stock farms and grazing
lands and all other kinds Of real prop.
erty, and all rights, interests and
easements therein; buying, selling,
exporting, importing, c%ultivating, grow
ing and producing oranges, lemons,
pineapples, dates, figs, grapefruit, ber-
ries, citrus fruits, tropical fruit and
products, foods and food products,
vegetables and farm products and kin
bred products of every nature and de-
scription; breeding, raising, buying,
selling. exporting, importing or other
wise dealing in mules, horses, hogs,
sheep, cattle and live stock OF all
classes and descriptions; occurring,
holding, selling, managing and oper'
ating St. Clair plantation. Piaquemine
parish, otate of Louisiana; owning,
acquiring the "Goudeau" variety OF
seedless orange; to borrow and loan
money and to engage in any and all
kinds of business that a natural per-
son might or could engage in in the
United States, or in any part OF the
world, and in such business as the
board Of directors may deem to the
advantage of the corporation.
ARTICLE III.
Tit total authorized capital stock
of this corporation is Two Hundred
Thousand Dollars ($2O0,GO0), divided
into two thousand $4,000 shares OF
the par value Of One Hundred {$100)
Dollars each. Of such total author
ICED capital stock n thousand
10000 shares, amounting to One
Hundred Thousand (s100,000) Dol.
lars, shall be preferred stock, and
one thousand 10000 shares, amount
ing to One Hundred Thousand $780,
OOO) Dollars, shall be common stock.
Both the preferred and common
stock shall have the same voting
power in the election Of officers and all
elections requiring the voting OF
stock; dividends, when earned, shall
be declared equally among the pre-
ferred and common stock holders, and
without distinction.
The stock shall be paid in cash at
the time of subscription, or the same
may lie issued at not less than par
in payment or exchange for propert,
CT rights actually received or pur
chased by said corporation, or thu
same may be issued, full paid, to-
money advanced, and for such othe1
valuable considerations or services a
the board of directors Of said corpora
ton may determine; provided, tina
no stock shall be issued until the con
sideration therefor has been receives
by the said corporation.
In, the event Of any liquidation O
dissolution or winding up (whethe
voluntary or Involuntary Of this Coz
poration, the holders Of the preferre'
stock shall be entitled to be paid Il
full the par amount of their shares
before any amount shall be paid t
the holders Of the common stock
after the payments to the holder
of the preferred stock of its par valu
the remaining assets and funds sha
be divided and paid to the holders Q
the common stock according to thei
respective shares, but only up to tn
par value of same. After the pay
ment to both preferred and comma
stockholders as herein provided, tn
remaining assets and funds shall !
divided ana paid to the holders OF ii
, preferred and common stock equal
| and without distinction OF advantag
Any stakeholder may sell, assign I
transfer his stock in this corporate
! provided thirty (3c) days prior motto
of such intention to sell, assign {
transfer the sanc be given the cor
pany, and The other stockholde'
thereof shall have the first privileg
of purchasing same, at the book vail
thereof, after which thirty days n
tice the said stock may be sold
open market.
h The stock Of said corporation m;
r be transferred under the above co
diticns; provided, such transfer
made on the books Of said compan
at its office, and IN surrender OF t
certificate therefor. No transfer
! any fractional part Of a share sh'
be made.
This corporation shall common
e doing business as soon as Thu
o Thousand $4,000 Dollars OF !
: capital stock shall have been 81