The herald. [volume] (New Orleans, La.) 1905-1953, 1915-06-03

! Tbe several persons whose names are mere
matter subscribed, OF the 1uiI dse y. r..
! lives nj the laws Of this state relative 10 the
organization Of corporations, they nave eo.
! e-anted and agreed, and, by these preSen.Ii
I do covenant and agree Tor themselves GU
. Iii successors and assigns, 70 form them
selves into a corporation and body polite lo'
The objects and purposes and under Inc s'Pu
lations hereinafter set form. .t;s co-.
! Article The name and tue OF lh's GU
I ro-atian shall be 81. Mary Cooperative ram
and Orchard Association, Inc: anu u,IGS,
J such title It shall have and ENJOY successor
and existence for a period o. ninety mn
/ ,es-s from date hereof; II shall nave power
Z "a authority 20 contract, sue ana DC sueu'
make and use a corporate seal 'hS sSi'S
break and alter at pleasure, !" 49, ~ MON,
r-ry. real. personal or mixed, necessary ihsi-
dental or proper for the carrying on oll ~
business as we'll as 10 issue bonds secure
Ly such mortgages; TO buy and hoId stoCA IN
-, The COMPANY or companies; TO make and
Tssye notes and certificates OF lndeOteunees'
20 name, elect and appoint managers dlreC'
tors and clerks. UT other eHp!oyeI, "a -
erly conduct Us corporate business anu "
ME bylaws rules and regulations as may
he found necessary or desirable ier me I'4I,
agerrcnt and business affairs OF thls Co'lola
non. and generally 70 do every other act, il1l
/ ,.r ~ thing necessary for the complete ana
r-aoe- carving out Of said business
, A-tirIc 1.-THE domicile Of this corporation
/ ,rsII lie m the city OF New Orleans, state OF
/ T,,.,,-s where all citation and other legal
. ,--oress shall be served upon the president
or. in the absence Of the president upon tie
y,ce-preoidert, or, IN the absence u O0''''
rrrrr the stCretary-trcaSurer.
| A-.I.Ir III-The objects and purposes OF
IN. CORPORATION are hereby stated ana ue-
rra-ea 70 be 10 buy, sell, lease exchange
I improve. reclaim and develop tea! cSsa'T -,
establish. care for and maintain farms, pan
t,rinrs orchards, canuerIes, creameries' anu
other utilities Tor making and marketing Ia. ..
, produce: 20 plant and harvest crops 10 Du. :,
ell. exchange, grow and fatten livestock; 70
. roIonize lands with farmers. and 70 PROVIDE
means for their farming and marketing 60
: operativcly; and. IN particular 10 euy ue
, Nacherie plantation IN the PARISH a coron5ze
me and 10 plant and cultivate crops and
, orchards thereon, either for itself or LOT us
, stockholders or for others = .his c,-.
. Article IN.-rhe capital stock OF thls sol
; cor,rion shall be two hundred thousand DOL,
Las (S2nlOOOOOl, divided into four Thousand
c4Go0l shares. Of the par value OF nifty dollars
(sOOO each This capital may be increased
10 five hundred thousand dollars. =.
Fif,v per cent OF the capital now hNec
shall he subscribed for before this charter y
. filed The subscriptions to STOCK snaL y
= r1iJ for in cash. or in land, or other prop
- or for services rendered, all in accord
ance with Act 267 OF 1914. ,. L..
' The company may begin business wher
fifty per cent OF its capital STOCK mas Oee'
Article VI. Each share of stock in thu
company shall represent one acre OF iauu
!, and each stakeholder shall be entitled az IN IN
II end OF any year, to surrender ms STOCK 10
8 cancellation. and TO the segregation ana ue
a livery TO him. OF the amount OF lana repre-
sented BY his stock. In case the COMPANY
y and the withdrawing stockh9Iuer are u..T ILL.,
n m agree upon the location OF the land cane
So hy the stock of the latter, or upon an
y other question connected with the "itnuTa"d
Of the stockholder, such questions snaA
| referred to an adjusting board, OF Whlch on
,. member shall be selected by the company
n one by the stakeholder, and a third by IN
:. first two. Said adjusting board shaIl apPol
~ ton. as near as may be, TO the "Il.u' ~ u.
[, stockholder his full equitable pro rata snaI
: of the land of the company. Said adlusth
O. board shall make the same pro rating OF an an
Y. other assets. and of any Liabilities OF u
- | cornany Anv application for Withdrawn
ie ID This article must be in writing. an
must be made during the month OF May
IN each wear and must be acted upon before u
following September. .I
"a , The company shall he empowered
". CONTRACT with its stockholders, as they sui
scribe to establish and maintain upon u
y land represented by their stock such orcharc
m or crops as may be agreed upon, and the rigi
= OF the stockholders to receive such otcnafS
IN ,,Don the cancellation of their stock, shall !
ir evidenced by supplemental certlhcates, 70
designated as Orchard stock, or other|ls
in accordance with the kind Of orchard
e. crop agreed upon, said certificates 10 be issue
:, from time TO time, in accordance with u
y pavrnents made for the establishment al
Dy raiptenauce of the orchard or plantation
4 The company shall keep a strict accoui
of all receipts and expenditures Tor tne estd
lishment and maintenance OF the oTchards
plantations of its stockholders; and' IN Ga
The amount paid by the stockholders for the
orchards or plantations exceed what Is e
pended any surplus shall be returned 10 u
Stockholders: it being the intent OF this arr
Gle that the company shall act as the age
Ia for lis said stockholders, and shall give the
u; the benefit of the actual cost OF estaoilshiI
~ and caring for said orchards or plantations.
Jul Article NI.-The directors shall be autho
II. A.. No. 80 nj amt al
rs ment for subscriptions TO stock according
IN, its appraised value, shown on the annex
ate ATt;cIr VII.-Au the corporate powers
III this corporation shall be vested in and exc
IN rised NV A board of directors to be compos
me nj five stockholders each of whom shall oV
of in his own right, during his term Sf . Gee
eV- stock. which shall be shown by his writ
are declaration, three of whom shall constitu
yer quorum for the transaction OF ousine
ne. Provided the board OF directors snall ma
pc power TO increase, in their discretion, I
|th number of directors from five to twenty-h'
re- in which event eight shall constitute
,he quorum. II, .,,
ooS of president vice-president, secretary
&C treasurer The Offices of secretary and tire
VS. urer may be held, if desired, by one and
ms same person The board may, in its discret
- elect additional vice-presldents, not eNCeeui
hey The following named persons shall con:
ing tute the board OF directors OF this corpo
OF ton, to-wit: Harry S. Gerson, 1873 Polym
fern street, New Orleans, La; Emile GaJan: n
,on, Iberia, La; Porteus X. Burke, New lbeI
90, OF La; Donelson Gallery, l22S Race street, n
Sl4. Orleans, La; s V. Edmiston, "a Caron
mu; let Street, New Orleans DonelsOn Calf
OF shall be president; Emile Gajan, vice-pr'
IN; dent; Harry s. Gerson, treasurer, and ;.
'ord Edmiston, secretary. These directors
ave officers shall serve until the nrs' Monday
tlon lune 1916, or until their SUCCESSORS 81
the have been elected and qualified.
De Thereafter the directors shall be cleo
por- annually on the first Mon lay in Jane
ON each year, beginning with the year 1916.
, elections of directors shall be by ballot,
the each stakeholder shall be entitled to ohe
day, for each share of stock standing in his ia
res on the books of the corporation, this vot:
mes, be cast in person or by proxy, and 1t ST
this require a majority of the stock present
WIN represented to elect.
due The failure to elect the board of direct
on the first Monday in June, 1916, o. an
res; ally thereafter, shall not work forfeit
ing Of this charter, but the old board of dii
mes tors shall remain IN office until their sucS
sors are elected and qualified.
,ses Article NlII.-The board OF directors 81
o,, hold regular meetings at such times as ST
loys be fixed in the bylaws OF this corporate
No. These meetings shall be held at the domi
I'm. Of the corporation, but the president T
6ce call special meetings of the board Of dl
Way tors at such times and places as he may d.
advisable, and he shall be required TO
such special meetings whenever requested
= X do so by three members of the board of
ans, rectors. Three days notice of such spe
meetings shall be given in writing to
H. directors unless waiver OF notice is sig