The herald., 1915-05-27
CHAR TER
CHAR i Elk
.RY COOPERATIVE FARM

United States OF America, State OF Louis Iana,
Parish Of Orleans, City Of New Orleans.
BE It known that On the 18th day Of the
month OF May, m the year D' our Lord. one
thousand, nine hundred and fifteen. and ot
the independence Of the United States Of
America the one hundred and thIrty-ulnth,
before me, John Marshall Quiutcro. a notary
public, ~ and for the parish Of Orleans, state
Of Louisiana, duly commits STONED and qualified,
and in the presence Of the undersigned wit
nesseS, personally came and appeared:
The several person, whose names are here
matter subscribed, Of the full age Of major
Ity. who declared % me, that, avaIling them
selves OF the laws Of this state relative % the
organization OF corporations. they have COW
enanted and agreed. and, by these presents
do covenant and agree for themselves and
their successors and assigns, 10 form them
selves into a corporation and body polite Tor
the objects and purposes and under the NtpI-
latIOuS hereinafter set forth.
Article The name and title Of this cor
pOratIOn shall be ST. Mary Cooperative Farm
and Orchard Association, Inc and under
such title 1t shall have and enjoy succession
and existence for period OF ninety nine
years from date hereof; II shall have power
and authority 10 contract sue and be sued
make and corporate seal. the same To
break and alter al pleasure; to hold, SELL
lease, mortgage, hyppthccate or pledge prop
erty, real, personal or mixed, necessary. Incl
dental or proper for the carrying on Of its
business, a. well as 70 issue bond, secured
by such mortgages, to buy and hold stock IN
any other company or companies: to make and
to name. elect and appoint managers, dIrec-
tors and clerks, or other employees, to prop
erly conduct its corporate business and to
make bylaws, rules and regulations NAV
be found necessary or desirable for the man
agement and business affairs OF this corpora
ton. and generally TO do every other act. mat
ter or thing necessary Tor the complete and
proper carrying out OF said business
Article 1.-The domiCile Of this corporation
shall be in the city of New Orleans, state Of
Louisiana, where all citation and other legal
process shall be served upon the president,
or, in the absence Of the president. upon the
vice president, or, in the absence Of both.
upon the secretary treasurer
Article lIl.-The objects and purposes Of
this corporation are hereby stated and de-
clared TO he to buy, sell, lease, exchange,
improve. reclaim and develop real estate: to
establish, care for and maintain FARMS plan
tations, orchards, cannerieS, creameries, and
other utilities for making and marketing farm
produce; 10 plant and harvest crops; To buy
sell, exchange, grow and fatter live stock; to
colonize lands with farmers. and to provide
means for their farming and marketing CO.
operatively; and. in particular. to buy the
Nacherie plantation, IN the parish OF St. Mar
tin, and to operate, develop and colOnize
same. and to plant and cultivate crops and
orchards thereon. either for itself or for its
stockholders or for others.
Article lN.--The capital stock of this cor
poration shall be two hundred thousand dol
lars (S2O,OO0OO, divided into four thousand
5000 shares, Of the par value OF fifty dollars
(S5O00) each. This capital may be increased
TO five hundred thousand dollars.
Fifty per cent of the capital now fixed
shall be subscribed for before this charter is
filed The subscriptions to stock shall be
paid for in cash, or in land, other prop
erty, or for services rendered, all in accord
ance with Act 267 of 1914.
The company may begin business when
fifty per cent of its capital stock has been
paid for.
Article VI. Each share of stock in this
company shall represent one acre of land,
and each stakeholder shall be entitled, at the
end OF any year, to surrender his stock for
cancellation, and 10 the segregation and de-
livery to him, OF the amount Of land repre-
sented by his stock. In case the company
and the Withdrawing stakeholder are unable
TO agree upon the location of the land called
for by the stock of the latter. or upon any
other question connected with the withdrawal
of the stakeholder, such questions shall be
referred to adjusting board. of which one
member shall be selected by the company
one by the stakeholder, and a third by the
hrst two. Said adjusting board shall appor-
ton, as near may be. to the withdrawing
stOckholder his full equitable pro rata share
of the land of the company. Said adjusting
board shall make the same pro rating OF any
other assets, and Of any liabilities of the
company. Any application for withdrawal,
under this article, must be in writing. and
must be made during the month of May of
each year and must be acted upon before the
following September.
2 The company shall be empowered to
contract with its stockholders, as they sub
land represented by their stock such orchards
or crops as may be agreed upon, and the right
OF the stockholders TO receive such orchards
upon the cancellation OF their stock, shall be
evidenced by supplemental certificates, to be
designated as Orchard stock, or otherwise
in accordance with the kind OF orchard or
crop agreed upon, said certificates to be issued
from time to time in accordance with the
payments made for the establishment and
maintenance of the orchard or plantation.
The company shall keep strict account
of all receipts and expenditures for the estab-
lishment and maintenance of the orchards or
plantations Of its stockholders; and, in case
the amount paid by the stockholders for their
orchards or plantations exceed what is ex-
pended, any surplus shall be returned to the
stockholders; II being the intent of this arti-
Gle that the company shall act the agent
for its said stockholders, and shall give them
the benefit of the actual cost of establishing
and caring for said orchards or plantations.
Article Nl.-The directors shall be author
lied to accept the Nacherie plantation in pay
ment for subscriptions TO stock according to
ITS appraised value, as shown on the annexed
statement
Article NII-An the corporate powers Of
this corporation shall be vested in and exer-
cised by a board of directors to be composed
of five stockholders, each of whom shall own
in his own right, during his term of office, at
least one full paid, non-pledged share of
stock, which shall be shown by his written
declaration, three of whom shall constitute
quorum for the transaction of business.
Provided the board of directors shall have
power 10 increase. in their discretion. the
number of directors from i've to twenty-five
in which event eight shall constitute
quorum.
The officers of this corporation shall consist
OF president, vice-president, secretary and
treasurer. The offices of secretary and treas
urer may be held if desired. by one and the
same person. The board may. in its discretion
elect additional vice-presideuts. not exceeding
five.
The following named persons shall consti-
tute the board of directors OF this CORPORA
tion, to-wit; Harry :. Gersou. 1873 Polymnia
street, New Orleans, La; Emile Gajan. New
Iberia, La; Porteus r. Burke. New Iberia,
La: Donelson Gallery, l22S Race street, New
Orleans. La; 5. V. Edmiston, - Carondc.
let street, New Orleans. Donelson Gallery
shall be president; Emile Gajan, vice-presi.
dent; Harry =. Gerson. treasurer, and s "
EdmiSton, secretary. These directors and
officers shall serve until the first Monday in
june, 1910, or until their SUCCESSORS shall
have been elected and qualified
Thereafter the directors shall be elected
annually the first Mon Law in Jane OF
each year. beginning with the year i9l6 All
elections of directors shall be by ballot and
each stockholder shall be entitled TO one vote
for each share of stock standing in his name
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