The herald. [volume] (New Orleans, La.) 1905-1953, 1915-04-15
CHARTER
LOISEL'S MODEL FARMS, INC.

| our Lord, one thousand. nine hundred
and fifteen. before me, Joseph kenton
| Bailey, a Notary Public, duly commits
stoned and qualified in and for the Par
| iSh of Orleans, City of New Orleans
State of Louisiana. therein residing, and
in the presence of the witnesses herein
after named and undersigned. personally
came and appeared. the several persons
whose names are hereuntO subscribed,
who severally declare that, awaiting
themselves of the laws of the State of
Louisiana, in such cases made and pro-
Yided. they have COVenanted and agreed,
and do by these presents covenant and
agree and bind themselves. as well as
all such persons as may hereafter be-
come associated with them, to form a
corporation for the objects and purposes
and under the articles and stipulations
following. to-wit:
Article 1.-The name of this corpora
ton shall be Loisers Model Farms, In
corporated," and under its said corporate
name il shall have power and authority
TO have and enjoy corporate existence
and succession for the full term and
period of ninety-nine years from and
after the date hereof: to contract, to
sue and be sued, to make and to use a
corporate seal and the same to alter
and break at pleasure: to hold, receive.
lease. purchase and convey, as well as
mortgage and hypothecate property.
real personal and mixed. corporal and
incOrpOreal: to name and appoint such
managers, agents, directors and officers
as its business interest and convenience
may require, and to make and establish
as well as alter and amend from time
to time such bylaws, rules and regula-
tions for the proper government of the
affairs of said corporation as may be
necessary and proper.
Article 1.-THE domicile of this cor
pOratiOn shall be in the City of New
Orleans, State of Louisiana, and all cita-
tions or other legal process shall he
served upon the President of said cor
poratiOn, or in the event of his absence.
upon the Nice-PreSident thereof and in
the absence of both of said officers upon
the Secretary of said corporation.
Article III.-The objects and pur-
poses for which this corporation is or
ganized and established and the nature
of the business to be carried on by il
are hereby declared to he; to engage in
the dairy business. and in the cultiva-
ton and selling of all farm and planta-
ton products of every nature. kind and
character whatsoever; in the raising,
buying and selling OF cattle. mules.
jennets. horses, mares. colts. donkeys,
sheep, goats, hogs, poultry, geese.
ducks, guinea fowls and ostriches; and
in furtherance thereof to buy, lease or
acquire such real property as may be
necessary to properly conduct and prose-
cute said business; in the establishment
and maintenance of factories, plants or
otherwise; and generally to do and per-
form all things pertinent and incident
and which may be proper and necessary
to carry out and execute the objects
and purposes of this corporation.
Article IV.-The capital stock of this
is hereby fixed at the sum
of Twenty Thousand and 00/1OO. $50
600. OO), Dollars, divided into and repre-
sented by twenty HUNDRED (2.00O) shares
of the par value of Ten and O0/1O0
10000. Dollars each. Said stock shall
be paid for in cash, or in such INSTALL
ments and at such time and after such
notice to subscribers as the Board of
may fix, or same may be
issued at not less than par for labor
done and services performed for said
corporation. or for property or rights
actually received by said corporation |
Ten Thousand and O0IO0 Cs10 100000 |
Dollars of the capital stock has been |
to the corporation at the time
Of the passing of this act of incorpora-
ton, and this corporation shall become |
a going concern and shall be author |
IZed to commence business as soon as |
Five Thousand and 00/100 G5,0OO0O) |
Dollars of its capital stock shall have |
been paid for either in cash or for labor |
lone. or services performed for said |
corporation, or for property or rights |
transferred to il.
Article V-The capital stock of this |
corporation may be increased to the sum
IF One Hundred Thousand and OO/1OO |
,slOO,OOO.OOl Dollars. by vote of two
hlrds or all OF the stock, at a meeting |
allied for that purpose.
Article NI.-Transfer of stock shall be
made only on the books of the corpora
ION. subject to such regulations and |
ormalities as the Board of Directors
nay prescribe. Any stakeholder wishing
o sell his stock must offer the same in
writing TO the other stockholders.
through the Board of Directors, at
rice not exceeding the book value
hereof, who shall have an option to
'osed of by sale, resignation, death or
'therwlse, or any of it's members and
hey shall have fifteen days in which to
ccept or decline said offer. Should the
3oard of Directors decline to purchase |
ny stock. the stakeholder who has made
he oner to sell, may then dispose of
is stock in any manner or at any price
Re may see fit, but any sale or transfer
made by stakeholder in violation of
his article shall he void, and no trans
er of stock shall be made on the books
I the corporation unless the provisions
hereof are strictly complied with.
Article VI1.-All the corporate powers
I this corporation shall be vested in
nd exercised by a Board of Directors,
omposed of nine 90 stockholders. five
I whom shall constitute a quorum for
he transaction of business
victor Loisel, A. c. Carpenter. Edward
. Wild, Rene F. Clerc. Denis Clement.
:, H. LYMAN, William o. Hudson.
douard +. Henriques, Raoul Sere shall
ompose the first board of directors of
lls corporation. This first board of
tOiS SHAH serve until the second |
!onday in April, 1916. after which the :
lrectors shall be elected annually by
lie stockholders at a meeting to be held
\ the said second Monday in April of
ich year. Said meeting of stockholders
be preceded by fifteen days notice in
rltlng sent to each of said stockholders /;
his or her last known place of resi- :
ence. Each stakeholder shall be en- .
tied in person or proxy to one vote
" every share owned by him or her; .
i elections shall be held under such =
lies and regulations as may be deter I
med by the Board of Directors. The ,
lrectors, when elected, shall continue =
ONCE for one year and until their =
lccessors shall have been duly elected,
Id shall have been qualified. No fail Y
e TO elect shall operate the forfeiture i
this charter Of any right under the v
me. Any vacancy occurring on said q
'ard shall be filed by the remaining q
rectors for the unexpired term. T
victor Loisel shall be President: A. G.
Lrpenter. Vice-President; f. o. Wild. a
cretary, and Rene +. Clerc Treasurer Is
the first Board of Directors, to serve r.
I'll the second Monday in April, 1916. q
Article VllI-The funds of this cor "
ration shall be deposited from time to b
ne In bank or banks to be selected
the Board of Directors. All checks,
ties or instruments drawn or executed
issued in said CORPORATIONS name