The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1914-08-15

form all kinds of contracting work
to engage in the planting business
for the raising and cultivation of
crops of sugar, rice, corn and other
produce, and to this end to purchase,
lease and rent real estate, and to
generally carry on all business con-
nected Herewith, and generally to do
and perform all things as are neces-
sary and incidental to the purposes
for which this corporation is organ
lied.
ARTICLE III.
The capital stock of this corpora
ton shall be the sum of TWENTY
FIVE THOUSAND (s25,OO0l DOL
LARS, divided into two hundred and
fifty (250) shares of the par value of
one hundred (s100) dollars, which
shall be paid for in money, property
or services rendered said corporation,
and said corporation shall begin bust
ness as soon as ten thousand ($10,-
O0O) dollars of said shares of stock
have been subscribed and paid for.
ARTICLE ".
This corporation shall be managed
and controlled by board of direc-
tors consisting of three stockholders,
two Of whom shall constitute
quorum for the transaction of all
business. Said board shall at the
first meeting of the stockholders of
this corporation, which said meeting
shall be held on the 18th day of July,
1914, and annually thereafter on the
second Saturday of July, be elected.
Failure to elect said officers or di-
fectors shall not cause forfeiture of
this charter, but the directors then
in office shall serve until their sue
cessors shall be elected. Said board
at it's first meeting shall elect from
their number a president, Vice presi-
office of president and treasurer may
be held by one person. Each share
of stock shall be entitled to one
vote, either in person Or by proxy.
ARTICLE V.
Any article of this corporation may
be amended or said corporation may
be dissolved by a majority of the
stockholders present at a meeting
held for said purpose, after ten days
notice of which has been given by
letter directed and mailed to each
stakeholder at his last known adj
dress.
ARTICLE vi.
No stockholder shall ever be held
ilabe Or responsible for the contracts
Or faults of this corporation in any
further sum than the unpaid balance
due the corporation on the shares
owned by him, nor shall any mere
lnformality in organization have the
effect of rendering this charter null !
or exposing stockholder to any la |
bll1ty beyond the amount of his I'M
paid stock.
At the termination of this corpora
ton its affairs shall be liquidated by |
The board of directors.
The subscribers hereto have set
out opposite their names the amount |
If shares subscribed by them. and
his charter shall serve as the orig
nal subscription list.
Thus done and passed, at nv Of
ice in the city of Donaldsonville,
parish of Ascension, state of Louisi-
ina, on the day, month and year
lrst above written, in the presence
II Messrs. G. V. st. Amant and Paul
!. Landry, competent witnesses, who
lereunto sign their names, together
With said appearers and me, said no
airy, after due reading of the whole
NAMES OF. SUBSCRIBERS
OMITTED.
Witnesses:
c. V. st. AMANT,
PAUL J. LANDRY.
C. C. WEBER,
Notary Public.
State of Louisiana, Parish of AS
enslon-I do hereby certify the
Dove and foregoing to be duly re-
orded in Book Of Miscellaneous
cts No. Z, folio 295 ct seq.
In faith whereof witness nv hand
nd seal of office at Donaldson
a., this 10th day of July, 1914.
J. Ed. FERNANDEZ.
Deputy Clerk and Recorder.