Lower coast gazette., 1914-06-20
The president, or in his absence.

the y~icc-prcsidcnt, shall be tho propc'
person upon whom citation or othel
legal process shall be served.
ARTICLE II.
The objects and purposes for whic!
this corporation is organized, and thu
nature of the business to be carried or
by it, are declared to lie 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
e-ty, End all rights, interests and
easements therein; buying, selling,
exporting, importing, %cultivating, grow
Ing and producing oranges, lemons,
| p~ineapnies, dates, figs, grapefruit, Der
:!es, citrus fruits, tropical fruit and
products, foods and food products,
Vegetables and farm products and kin
dred products of every nature ard 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 opcr'
ating St. Clair plantation, Plaquenine
parish, state OF Louisiana; owning,
acquiring the "Goudeau" variety Of
seed!ess orange; to borrow and loan
money and to engage in any and al
kinds Of business that q natural per.
o nigh, 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 ($2OO, O00), divided
into two thousand (2,000) shares of
the par value of One Hundred (sl00)
Dollars each. OF such total author
lied capital stock enc thousand
G,000) shares, amounting to One
Hundred Thousand (~s100,o0o} Dol
lars, shall hc preferred stock. and
one thousand 10000 shares, amount.
ing TO One Hundred Thousand $780,
O0O) Dollars, shall be common stock.
Both the preferred and common
stock shall have the Same voting
power ia the election of officers and ell
elections requiring tie voting Of
stock; dividends, when earned, shall
be declared equally among the pre-
fcrred and common stock holders, and
without distinction.
The stock shall be paid in cash at
tie time Of subscription, or the same
may be issued at not less than par,
iii payment or exchange for property
rights actually received or pur-
chased by said corporation, or the
may be issued, full paid, for
money advanced, snd for such other
valuable considerations or services as
the board of directors Of said corpora
ton may determine: provided, that
no stock snail be issued until the con-
therefor has been received
by the said corporation.
In the event Of any liquidation or
dissolution or winding up whether
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;
the payments to the holders
of the preferred stock Of its par value
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 ard common
as herein provided, the
assets and funds shall be
anu paid to the holders Of the
preferred and common stock equally
md without distinction or advantage.
ANY stakeholder may sell, assign or
.iansfer his stock in this corporation
provided thirty (3o) days prior notice
If such intention to sell, assign or
transfer the same be given the COM
,any, and me other stockholders
shall have the first privileges
II purchasing same, at the book value
after which thirty days no.
ice the satd stock may be sold in
,pen market.
The stock Of said corporation may
,e transferred under the above coil
provided, such transfer be
made On the books Of said company,
It its Office, and on surrender Of the
therefor. no transfer Of
my fractional part Of ! share shall
,e made.
This corporation shall commence
!oing business as soon as Three
Ga,o00) Dollars OF the
.apital stock shall have been sub