Lower coast gazette., 1914-06-13

easements therein; buying, selling,
exporting, importing. cultivating, grow.
Ing and producing oranges. lemons,
pineapples, dates, figs, grapefruit. ber-
ries. citrus fruits, tropical fruit ana
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; acquiring,
holding, selling, managing and oper'
ating St. Clair plantation, Plaquemine
parish, state of Louisiana; owning,
acquiring the "Goudeau" variety Of
seedless orange; to borrow and loan
money and to engage in any and oil
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 - the
board Of directors may deem to the
advantage Of the corporation.
ARTICLE III.
Tht total authorized capital stock
OF this corporation Is Two Hundred
Thousand Dollars ($2o0,OoO), divided
into two thousand 10000 shares Of
the par value Of One Hundred ($l0O)
Dollars each. OF such total authqF-
ICED capital stock one thousand
$4,000 shares, amounting TO One
Hundred Thousand ($100.00o) DOL
lars, shall be preferred stock, and
one thousand 10000 shares, amount
Ing to One Hundred thousand $780,
000) Dollars, shall be common stock.
Both the preferred and common
stock shall have the same voting
power In the election Of oticers and oil
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 be issued 1t not less than par,
in payment or exchange for property
or rights actually received 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 -
the board Of directors Of said corpora
ton may determine; provided, that
no stock shall be issued until the con
sidsration therefor has been received
bySthe said corporation.
lasths event Of any liquidation 81
dissolution or winding up whether
voluntary or Involuntary Of this cor
poystion, the holders Of tie preferred
stock Shall be entitled to Be paid n
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, value
tho remaining assets and funds shall
be divided and paid to the holders q
the common stock according TO their
Irrespective shares. but only up to the
par value Of same. After the pay.
ment to both preferred and common
stockholders as herein provided, thu
remaining assets and funds shall b
divided and psid TO the holders Of TIL
preferred and common stock equally
and without distinction or advantage
Any stockholder may sell, assign .,
transfsr his stock in this corporation
provided thirty (3o) days' pt3oe motto,
Of such Intention to sell, assign o.
transfer the SANS be given the com
pany,v And shs other stockholdsr'
! Aa..lA .aaae knrA 49, ~eawaiA~a,