Lower coast gazette., 1914-05-09

iioo, CiLIuo l10llS, uOpASuI AuAl ou
products, foods and food product
vegetables and farm products and kin
dred products of every nature and dc
scription; breeding, raising, buying
selling, exporting, importing or other
wise dealing in mules, horses, hogs
sheep, cattle and live stock of al
classes and descriptions; acquiring
holding, selling, managing and ope,
ating st. Clair plantation, Plaquemin'
parish, state Of Louisiana; owning
acquiring the "Goudeau" variety o
seedless orange; to borrow and Loaf
money and to engage in any and al
kinds of business that a natural per
son might or could engage in in thu
United States, Or in any part Of tn
world, and in such business as TIKI
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 (s200, Oo0), divided
into two thousand $4,000 shares OF
the par value of One Hundred $4,000
| Dollars each. OF such total author.
lied capital stock one thousand
10000 shares, amounting to One
Hundred Thousand (s1OO,OO0) DOL
lars, shall be preferred stock, and
one thousand 10000 shares, amount
ing to One Hundred Thousand $780,
O00) 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 common 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 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 as
the board Of directors Of said corpora
ton may determine; provided, that
no stock shall be issued until the con-
sideration therefor has been received
by the said corporation.
In the event of my 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;
after the payments to the holders
Of the preferred stock of its par value
the 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, the
remaining assets and funds shall be
divided anu paid to the holders Of the
preferred and common stock equally
and without distinction or advantage.
Any stakeholder may sell, assign or
transfer his stock in this corporation
provided thirty 600 days prior notice
of such intention to sell, assign or
transfer the same be given the COM
pany, and the other stockholders
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 in
open market.
The stock Of said corporation may
be transferred under the above con-
ditions; provided, such transfer be
made on the books Of said company,
at Its office. and on surrender Of the
therefor. No transfer Of
any fractional part Of q share shall
be made.
This corporation shah commence
doing business as soon as Three
Thousand $4,000 Dollars Of the
stock shall have been sub.
for.
The board Of directors shall have
the right to determine how much
stock shall be issued.
= ARTICLE ".
The corporate powers Of this COM
pany shall be vested in and exercised
by, a board Of directors OF not less
than three 81 members, consisting
Of the president, vice.president, score