The herald., 1915-06-10

calon!zc lands with farmers, and 20 provide
means for their farming and marketing CO.
BDrrIttve.v. and. IN particular. 20 1uF me
NEchc-rc plantation. II The parish u st Mar
TN. and 20 operate, develop and eolonlZr
same. and f0 plant Ind cultivate crops ana
orchards thereon. either tor itself or ior us
stockholders Or for others.
Article IE-rhe capital stock NJ tins cor
19ratror shall he TWO hundred thousand dol
.ars .S2lloC00m, divided into four thousand
$4,000 shares. OF the par value " nifty dollars
$4,000 each. This capital nav De increased
20 I'VE hundred thousand dollars.
Fifty per cent Df The capital now 1Ned
shall be subscribed for before this charter IS
sled. The subscriptions To stock shall De
,.~-v 1r for services rendered. all n accord
anc- with ACT 1o7 of l9l+
The company may begin business when
iftv per cent OF IT'S capital stock has been
A-tlcle VI. Each share OF stock in this
company shall represent one acre 81 land.
and each stakeholder shall be entitled, At the
end of any wear. 20 surrender his stock Tor
cancellation. and 20 the segregation and de-
livery 90 him. OF the amount IT land repre-
seutei by his stock. In case the company.
and the Withdrawing stOCkhoider are unable
10 agree upou the location OF the land called
for by the stock II the latter. or upon any
other lursrlon connected with the withdrawal
Of the stakeholder, such questions snail De
referred 70 an adjusting board. ot winch one
member shall be selected by the company,
one bv the stakeholder, and 4 third by the
lrst TWO. Said adjusting board shall appor-
ton. rs near As may be. 20 the Withdrawing
st0ckhoder his full equitable pro rata share
IF the land OF the company. SAID adjusting
board shall make the same pro rating u any
other assets. and Of any liabilities OF the
company ANY application Tor withdrawal.
under this article. must be III writing, ana
must be made during the month OF May OF
each wear and must be acted upon before the
following September.
, The company shall he empowered 70
contract with ITS stockholders. as they SUD
scribe. 70 establish and MAINTAIN upon the
land represented by their stock such orchards
or crops as may be agreed upon, and the night
OF the stockholders 20 receive Sucn pTchaTus
upon the cancellation OF their stock. snail be
evidenced by supplemental certificates, TO De
designated rs Orchard stock, otherwise,
m accordance with the kind OF orchard or
crop agreed upon. said certificates to be issued
from time 20 time, IN accordance with the
payments made tor The establishment ana
maintenance Of the orchard or plantation.
, The company shall keep 4 strict account
of all receipts and expenditures for the estab-
lshment 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 eN-
pended. any surplus shall be returned to the
stockholders: Il 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 u establishing
and caring Tor said orchards or plantations.
lzed to accept the Nacherie plantation IN pay
ment for subscriptions to stock according 10
its appraised value, as shown on the annexed
statement.
Article VII.-An the corporate powers Of
this corporation shall be vested in and exer-
cised by 4 board Of directors 20 be composed
OF tive stockholders, each of whom shall own
in his own right, during his term OF office. at
least one full paid. non-piedged share OF
stock. which shall he shown by his written
declaration, three OF whom shall constitute
4 quorum for the transaction Of business.
Provided the board Of directors shall have
power to increase, in their discretion, the
number Of directors from hve to twenty i've.
IN which event eight snail constitute 4
quorum.
The officers Of this corporation shall consist
Of a 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-presIdents, not exceeding
tve
The following named persons shall consti-
tute the board Of directors OF this corpora
ton. to-wit: Harry 5. Gerson. lS23 Polymnia
/ street, New Orleans, La; Emile GaJdn, New
iberia, La; Porteus r. Burke, New Iberia,
La; Donelson Gallery, l22s Race street, New
Orleans, La. ;. V Edmiston. "a Carondc
let street, New Orleans. Douelson Cafferv
shall be president; Emile GaJau, vice-presi.
dent; Harry 5. Gerson, treasurer, and s. V.
EdmIston. secretary. These directors and
officers shall serve until the iirsf Monday IN
.
have been elected and qualified.
Thereafter the directors shall be elected
annually the FIRST Mon lay IN Jane of
each year, beginning with the year $40. AL
elections Of directors shall be by ballot, and
each stakeholder shall be entitled TO one vote
for each share Of stock standing in hls name
On the books Of the corporation, this vote TO
be cast IN person or by proxy, and il shall
require a majority Of the stock present. or
represented TO elect
The failure 70 elect the board OF directors
on the FIRST Monday in June, 1910, a1ru.
ally thereafter, shall not work a forfeiture
OF this charter, but the old board OF direc-
tors shall remain in office until their success
sors are elected and qualified.
Article NIII.-rhe board of directors shall
hold regular meetings At such times as shall
be liked III the bylaws Of this corporation.
4 These meetings shall be held at the domicile
Of the corporation, but the president may
call special meetings OF the board OF direc-
tors at such times and places as he may deem
advisable. and he shall be required to call
such special meetings whenever requested TO
do so by three members Of the board Of di-
rectOrs. Three days notice Of such special
meetings shall be given IN writing to the
directors unless waiver Of notice is signed
by the directors. ANY vacancy occurring on
the board. either from death. resignation OF
inability 10 serve, shall be filed hv the board
OF directors at its next regular meeting after
such vacancy shall have occurred. The first
board OF directors OF this corporation shall be
required 70 draft suitable bylaws for the
government Of this corporation which NAV
be altered, amended or changed as the ext
gencIes Of the case may require.
Article lN.-The stockholders shall have
the right TO vote cumulatIvely at all elections
of officers.
holders tor electing directors or for any other
purpose. shall be given IN writing BY the
secretary, to be deposited in the mail at least