The herald. [volume] (New Orleans, La.) 1905-1953, 1914-11-05

the date Of this act, and shall have and en-
! JOY all the power and Authority conferred Icy
| the constitution and laws of the State OF
| Louisiana, upon corporations formed for the
purpose OF engaging IN the business herein
| after stated, as well as the power to purchase,
| sell, mortgage and pledge property, movable
| and lmmovable, for the purpose and require
| ments Of their business.
ARTICLE III.
| The domicile OF this corporation shall be In
| the City OF New Orleans, Parish OF Orleans,
| State Of Louisiana. All citations and other
| legal process shall be served on the President
! OF the Company, and III his absence on the
Vice President Or SseTttATy and treasurer
The capital stock Of this company shall
| be Fifteen Thousand Dollars CSl5OCU.OOl, dI-
vided into one hundred and fifty shares Of
| the par value OF Ole Hundred Dollars
! CSlO0OO each, and to be fully paid for in
| cash or its equivalent in property. tSee eN-
| hibit attached The certificates OF stock shall
| be signed by the President and by the Sec
| rotary and Treasurer, OF in the absence or IN
| ability to act Of the President by the Vice
| President and Secretary and Treasurer. SAID
| stock shall be transferable only on the books
| OF the company. and Oh Cfle surrender or due
| proof OF loss OF the original certificate. The
| capital stock may be increased to FIFTY Thou
| sand Dollars (S5O,CDO0O). The corporation
| shall have the right 10 begin business as soon
! as Seventy-fIve Hundred Dollars (S,5OOOOl
| Of the capital stock shall have been subscribed
| for. in accordance with Act No. 1o7 Of the
| General Assembly Of the State OF LouIsIa lana
for the year 1914, provided, not less than fifty
| per cent OF the amount Of the capital stock
subscribed for has been paid IN, as required
| by Act No. 2o7 OF 1914
ARTICLE ".
| The purposes Of this corporation and the
nature OF the business to be carried by 1t are
| hereby declared to be:
| To plant, grow and market general nursery
| and orchard stock; garden, field and truck
plants; to plant, cultivate and market agrI-
cultural products of every description and
| kind; to raise poultry, hogs and other live
| stock and to market the same, and 10 do a
| general farming business; to purchase, lease,
or otherwise acquire, real, personal or mixed
property and to sell and dispose of the same :;
| 10 drain. reclaim and develop lands and gen
orally to do any and all things incidental to
and necessary IN the premises. and to make
all contracts requisite or eNpedlent IN the &C
complishment of any of said purposes.
ARTICLE v
All the powers of this corporation shall be
vested in and exercised by board OF three
directors, each Of whom shall own at least
one share Of the capital stock OF this COM
pany.
The said directors shall be elected by bal
lot at an annual meeting OF the shareholders
under the supervision OF two commissioners
appointed by the Board of Directors, which
meeting shall be held on the Fourth sNednes-
day Of September of each year, after due no.
tice given to the stockholders by the Secre-
tary by mail at least fifteen days PRIOR TO
the date of such election, at all meetings OF
the shareholders, each shareholder shall be
entitled to cast one vote, in person or by
proxy, on each share OF stock held by him,
but no person shall vote any stock trans
ferred within ten days prior to the holding
of such meeting. At all elections IT shall re-
quire a majority OF the votes cast TO elect.
At any meeting OF the Board OF Directors any
director absent from said meeting may be rep
resented by another director who may cast
the vote of said absent director according TO
the written instructions OF said absent dITeC-
tor. The Board OF Directors shall have the
by fylp lids tP al directors
to lease, sell, mortgage or pledge any and
all OF the property, movable and immovable,
belonging TO the corporation, without refer
ring to the shareholders for power to do so,
and they may also purchase for cash
credit, property Of any kind required for any
of the purposes OF this corporation, without
authority from the shareholders. The Board
of Directors shall have power TO issue or CON
fer general power or special power on the
President to issue promissory notes and other
negotiable paper.
Until the next general meeting to be held
under this charter, viz, on the fourth Nednes-
day of September, 1915. the Board Of Directors
OF this Company shall be composed Of William
L. Stevens, Stevendale, louisiana; Charles
La; James T. Mann, 79g9 Zimple street, New
Orleans, La, with William L. Stevens as
President, and James t. Mann as Vice Presi-
dent and Charles S Barnes, Secretary and
Treasurer. In of any vacancy either in
the above named Board of Directors, or in any
other the remaining members shall have the
power TO fill the vacancies; and all directors
and officers of the Company shall remain in
office until their successors are elected and
qualified Failure to hold the annual meeting
shall not dissolve the corporation, but the
meeting shall be held as soon as possible
after the regular date.
ARTICLE VI.
This act of Incorporation may be changed,
altered or modified, or the capital stock may
be increased or decreased, with the assent
of two-thirds OF all its stock, at meeting
duly called for that purpose after ten days
due advertisement in one of the daily news
papers of this city, and after written notice
mailed to each stakeholder at his last known
address; provided, however, that the objects
and purposes of Incorporation shall not be
changed, and the capital stock shall not be
increased to more than the maximum per-
mitted in the original act of Incorporation,
nor decreased to an amount less than the
corporate Indebtedness. A change in objects
and purposes may, however, be voted by all
stock heretofore issued, and an increase Of
the capital stock in excess of the amount
originally named the TO which the
capital may be increased may be made by
three fourths of all its outstanding stock.
ARTICLE VII.
No stakeholder shall ever be held liable OF
responsible for the contracts or faults of said
corporation in any further sum than the I'M
paid balance due the shares of stock owned
ganization have the effect OF rendering this
charter null exposing a stakeholder TO any
liability beyond the amount of his unpaid
stock; nor shall any informality or irregu-
larity in organization ever have the effect of
rendering any stakeholder liable as a part
ARTICLE VIII.
Whenever this corporation is dissolved
either by limitation OF time or by the deter
mination of the stockholders, its affairs shall
be liquidated under the supervision of two
liqudators to be appointed for that purpose
at general meeting of the stockholders con-
vened after ten days notice, which shall have
stockholders, whose addresses shall be known
to, or who shall have left their address with
the Secretary, and shall be published for fif-
teen days in one of the daily newspapers pub
lished in this city.
AT such meeting to consider the liquidation
of the corporation, the result shall be de-
termined by the consent of two-thirds of all
at such meeting. In case of the death or in
ability of one of the liqudators, the survivor
ARTICLE IN.
The names and postoffice addresses of the
subscribers TO the stock of this corporation
and the number of shares subscribed for by
each of them follows
Albert ]. Nelson, 42S Lowerline
Street, New Orleans--------.----------. IS shares
William L. Stevens, Stevendale, La. i share
Charles S. Barnes, H2l Robert
Street, New Orleans ...-.----.. | share
James T. Mann, 1923 Zimple Street,
New Orleans .-..---...---- .--......-..-. / share
Total number of shares sub
Scribed for ...-.--.---..--...-----..-.-- rs
The subscribers to this act of incorporation
have also written opposite their names, re-
spectively, the amount of stock of this cor
poratlon subscribed for by each of them, so