The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1916-07-01

The Southern Planting & Development
Co., incorporated.
limited STATES OF AMERICA J
STATE OF LOUISIANA. I
DAPICG OF ST Many

limited STATES OF AMERICA
STATE OF LOUISIANA. :
PARISH OF ST. MARY )
Re il known that on this, the 9Th day OF
the month of Nay.:in the year OF our Lord
Nineteen Hundred and Sixteen, before
me. Joseph J. Schwartz, Deputy CLERK OF
the 23rd Judicial District Court OF the
State Of Louisiana, IN ana 10, tne pnhl
Of st, Mary, and ex-offcc Notary run
lie in and for the Parish and State afore-
said. therein residing, and in the presence
of the witnesses hereinafter named ana
undersigned, personally came and ap.
peared the persons whose names are
hereunto subscribed. all OF the fuli age OF
majority and residents OF the PARISH OF 81.
declared that, awaiting themselves OF Inc
provisions of the Act Of the Legislature OF
the state Of Louisiana, being known as
Act No. 267 Of the Session Acts OF l9l4;
they do, by these presents, covenant anu
agree and bind themselves, as wen as sucn
other persons as may become hereafter
associated with them. in order to form
and constitute a corporation and body p0-
litic in law: for the objects AID purposes,
and under che stipulat. ons following, to-
wit:
ARTICLE l.
The name and title OF this corporation
shall be "rhE SOU rHERN PLANTlNG
& DEVELOPMENT COMPANY. IN
PERFORATED, and it shall have and en-
toy succession and existence for period
OF Ninety mine (99) years from date here.
Of. 1t shall have, enjoy. and possess all
the powers, rights, privileges aud lmmu-
mites accorded to corporations under the
law.
ARTICLE II
The doricile Of this corporation shall be
in the Town of Franklin, Parish of St.
Mary, State Of Louisiana, where all the
citations and other legal process shall be
served upon the President, and in the case
of bis absence upon the Vice.President,
and in case of the absence of the Vice
President, upon the Secretary Treasurer
thereof.
ARTICLE III.
The objects and purposes for which this
corporation is organized and the nature OF
the business to be carried 90 by it are
hereby declared to be:
u.) To engage in the cultivation and
selling Of all farm and plantation pro-
ducts Of every nature, kind, and character
whatsoever; in the breeding, raising.
dealing. buying and selling Of cattle.
mules, jennets, horses, mares, colts. don
keys, sheep, goats, hogs. poultry, geese,
ducks, guinea fowls and ostriches; and in
furtberance thereof to buy, lease or &C.
qDire such real property as may be neces-
sary to properly conduct and prosecute
said business, in the establishment and
maintenance Of factories, plants, tram
ways, railways or otherwise.
(2.) To transact a general real estate
agency and brokerage business, including
the management Of estates; to act as agent,
sons or corporations in buying. selling and
dealing in real property and any and
every estate and interest thereon, and
chooses in action secured thereby, judy
ments resulting therefrom, and other per-
sonal property collateral thereto, in maxi
ing or obtaining loans upon such property,
in supervising, managing and protecting
such property and loans and all interests
In and claims affecting the same, in effect
ing insurance against fire and all other
risks thereon.
49, To improve, manage and operate
real property; to develop real property
generally; to buy, deal. sell and exchange
real property; to rent and lease real prop
erty, improved and unimproved; to make
all mortgages of real property and bor-
rowing money thereon by mortgage or
otherwise; the loaning money upon real
properly and the taking of mortgages and
assignments Of MORTGAGES Of the same; to
buy, sell and deal in bonds and loans Sc
cured by mortgages or other liens on real
~ TO acquire by purchase. lease. ex-
change or otherwise plantations. lands or
any interest therein, machinery, tools and
instruments; to acquire, construct and
operate sugar and other plantations, sugar
or other refneries, buildings. mills, fac
tories. distilleries, paper mills. oil wells
and other works; to plant, cultivate and
deal In sugar cane. maize or other crops;
to buy, acquire, build, possess, rent or
sell dwelling houses: to own, Lease or
otherwise acquire stol es. and to do gem
eral merchandise business: to carry Oh
the business Of manufacturing, producing.
refining, adapting, preparing, buying,
selling and dealing in, and shipping and
Transporting, sugar cane, sugar, molasses,
syrup and all products thereof: to make
I'll n ortgages of real property and borrow
ing money thereon by mortgage or other
wise, the loaning money upon real proper.
ty and the taking of mortgages and as
stgnments Of mortgages Of the same.
l6.) 10 purchase, receive, own and sell
bonds, mortgages, debentures, notes.
shares of capital stock aud other securi-
ties. contracts or evidences of indebted
ness of auy other DrpOration, and, while
the owner and holder thereof, to exercise,
In respect thereto. any aud all the rights,
powers and privileges Of individual owners
,l6.) TO carry on the business of ware.
housing and all business necessary and
implicitly incidental thereto
III And generally to do all things neces.
sary and proper pertaining or incident to
such business.
ARTICLE Nv.
The capital stock Of this corporation is
hereby declared to be the sum Of Fifty.two
Hundred $4,000 Dollars. divided into
!. fifty.two 81 shares Of the par value OF
Qne Hundred $4,000 Dollars each, and
his corporation shall be operative and 90
Into business and become going concern
when the said fifty-two 1871 shares of its
capital stock shall have been subscribed
and paid for, to-wit: at the execution Of
these presents. No transfer of stock shall
be binding upon this corporation unless
same appears upon the books thereof.
No stakeholder shall have the right to
assign or transfer any share or shares held
BY him unless he shall have first offered,
sans in writing to the Board OF Directors
which will have the right to purchase
oame within ten DAYS thereafter. at the