Lower coast gazette., 1914-05-16
ries, citrus fruits, tropical fruit and

products, foods and food products
vegetables ard farm products and kin
dred products of every nature and de-
scription; breeding, raising, buying,
selling, exporting, importing Of other
wise dealing in. mules, horses, hogs,
sheep, cattle and live stock Of all
classes and descriptions; acquiring,
holding, selling, managing and oper'
at;ag St. Clair plantation, Plaquenaine
parish, state Of Louisiana; owning,
! acquiring the "Goudcnu' variety OF
seedless orange; to borrow and loan
money and to engage IN any and all
kinds of business that q 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.
At.llCLE III.
Tht total authorized capital stock
of this corporation is Two Hundred
Thousand Dollars (s2oo,ooo), divided
into two thousand (2,000) shares Of
the par value of One Hundred (s100)
Dollars each. Of such total author
lied capital stock onc thousand
H,000) shares, amounting to Ono
| Hundred Thousand (s100,O00) 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 co!nmon stock holders, and
without distinction.
The stock shall be paid in cash at
the time of subscription, or the SAME
may be issued at not less than par,
in payment or exchange for property
or rights actually receiyed or pur-
chased by said corporation, or the
'same may be issued, full paid, for
money advanced, and for such other
valuable considerations or services as
the board of directors of said corpora
ton may determine; provided, that
no stock shah be issued until the con.
sideration therefor has been received
by the said corporation.
In the event Of any liquidation or
dissolution or winding up (whethe.
voluntary or Involuntary Of this cor
poration, the holders of the preferred
stock shall be entitled to be paid in
] full the par amount of their shares
before any amount shall. be paid to
the holders of the common stock
after the payments TO the holders
of the preferred stock of it's par value
tie. remaining assets and funds shall
be divided and paid to the holders Of
the common stock according to their
respective shares, but only up to the
par value of same. After the pay.
ment to both preferred and common
stockholders as herein provided, Tho
I.remaining. assets. and, funds shall b
divided ana paid to the holders Of tht
preferred and common stock equally
and without distinction or advantage
Any stakeholder may sell, assign o.
transfer his stock in this corporation
provided thirty (3o) days prior notice
of such intention to sell, assign OF
transfer the same be given the com
pany, and the other s%tockholder!
thereof shall have the first privileges
of purchasing same, at the book value
thereof, after which thirty days no
tice the said stock may be sold IL
open market.
The stock Of said corporation ma,
be transferred under the above con
ditions; provided, such transfer b
made on the books Of said company
at its office, and on surrender of tn
certificate therefor. No transfer o
any fractional part Of a share shall
be made.
This corporation shall commence
doing business as soon as. Tire
Thousand $4,000 Dollars Of tn
capital stock shall have been sub
scribcd for.
|. The board Of directors shall hav'
the right to determine how mucl
stock shall BIO issued.
), ARTICLE ".
The corporate powers Of this con,
!. pany shall be vested in and exercises
by. . board of directors Of not les
than three 81 members, CONSISTING
lof tie president, vice-president, .secrc
I tary :nd treasurer (Which two office
) may be held: by one person.. Two Q
J said board shall constitutes quorum
for the transaction Of business, an
their decisions shall be valid and COZ
porate acts.
This corporation shall be %powcrles
Ito contract debts Of any nature wha'