Lower coast gazette., 1914-05-30

and farm lands, fruit ORCHARDS
fruit, lands. stock farms and grazing
ENDS and all other kinds CT real prop,
crtv. and all rights, interests and
easements therein; buying, selling,
exporting. importing, cultivatins, grow
ing and producing oranges, lemons
| ,~inaaDples, dates, fss, grapefruit, Der.
| ries, citrus fruits. tropical fruit and
, rro6rcts, foods and food products,
vegetables and farm products and KIN
cred products Of every nature and &C.
scription; breeding, raising. buying
selling, exporting, importing OF other
wise dealing i'll mules, horses, hogs'
sheep, cattle and live stock OF all
classes and descriptions; acquiring
holding. selling, managing and oper'
a.iag ST. Clair plantation, Plaqae;n'nc
parish, .t:te Of Louisiana; owning
occurring the "Goudcau' variety Oh
seedlcss orange; to borrow and loan
money and 10 engage in any and ali
kinds Of bushes, that { natural per-
son nigh. or could engage in III tie
United St.tes, OF in any part CT the
world, and in such business as the
board Of directors may deem to TIC
advantage Of the corporation.
ARTICLE III.
'rht total authorized capital stock
CT this corporation is Two Hundred
Thousand Dollars (S2oo,ooo>, divided
into, TWO thousand (2,cOo) shares OF
IT,, par ya.ue Of One Hundred ($lco)
Dollars each. OF such total sut:cr-
;zcd cypital stock IL thousand
u,CCo) shares, amounting to ono
Hundred Thousand (%Sioo,0oo) Dol
lars. sinall be preferred stock, AID
one thousand \1,CC0) shares, amount
ling to One Hundred Thousand (S1Vo,-
}, C00} Dollars, :hall be common stock
) Bot. the preferred and conmo1
stock shall have the same voting
poyer III the election CT officers and al
5 elections requiring tie voting OF
0 stock; dividends, wien earned, shai
: BE declared equally among tho pre-
0 ::errca and common stock holders, ant
without distinction.
Tie stool. shall be paid in cash q
4 the tine of subscription, or the SAME
. may be is5uea at rot less than par
: in payment CT exchange for propert!
or rights actually received or pur
chased by said corporation, o. tn
same 1nsy be issucd, full paid, &c:
money advanced, and for such othe
h valuable consi1,erations or services &
the board CT directors OF said corpora
ton may determine; provided, tina
10 stock saaH be issued until the cor
sidcratica therefor has been receive
ay the s,id corporation.
In tie event Of shy liQuld:;:on Q
dissolution CT u'ind;". Up C::;i!!iosha
voluntary o. :nyonsl14ryi o. This co
porat;cn, the holders ofaina preferrc
stock Shall be entitled to Dc paid
& full tna par amount Of their share
before II anaount shall be paid I
the holders OF TIE common stoci
after tic payments to the holder
of tie preferred stock Of its par Walt
Tie remaining agsets and funds shs
!. lie divided and paid 30 the holders
the common stock according to the
# respective shares, but only up to t.
mar value OF same. After thc Pc,
tn nsnt so both preferred aid comma
ar stockholders as herein provided, tt
N. remaining assets and funds shall
divided anu PAID to tie holders OF Il
,r- ~prcferre: md common stock equal
IS. and without distinction or adyansas
lis Any stockioidcr n;:;y sell, assign
re- transfer his stock in this corporate
he provided thirty CO. days prior noti
m Of suc..! intention TO sell, assign
transfer the SAME be given the cci
he pary, and the other stocksolde
,to thereof shall i.ayc the FIRST priyilee
Ia. OF purchasing same, ct the book val
.ho thereof, after which tiiirty Gays
t!cc the said s.cc;s may he sold
we cpea market.
Tic stock Of said corporation n
"a be trsn=ferre: under Tie shove &C
diitions; provided, such transfer
!, made or the BOOKS Ct said coapa'
1t It's Office, aEd Gu surrender OF I
certificate therefor. no transfer
any fractional part Of q share sh
!, be E,ade.
This corporation shall con'n'cl
doing business as soon rs IN
Z. Thousand $4,000 Dollars Ct
capital stock shall have been S
= scyibed for.
The board Ct directors shall h:
the right to determine how M
ssoc!; shall be issued.
ARTICLE ".
The corporate powers OF this Ct
1 pany s;;.ll! be vested in and es:rci
Co, b:. & board Of directors Of rot J
than three l3) members, consist
y. OF the president, Ticc.presiaent, SCI
ssa tary and treasgrcr (Which tsyo ell
ma; be Geld by orc person.. Two