The herald., 1917-08-09
CHARTERS.

the date hereof. II shall have power 20 sue
and be sued, TO contract. purchase, lease,
mortgage, pledge, ALLEVIATE and cucumber zeal
estate and personal property, and generally
10 exercise all power and authority connected
with or incidental thereto and all the power
and authority conferred on corporations by
| the laws Of this State.
Article 1.-THE purposes for which this
corporation Is organized - buy, lease
and otherwise acquire, as well as ~ sell and
| lease 10 others, land of all kinds; to plant
| cultivate and grow sugar cane and other
! agricultural products; 10 erect sugar mills
TehneTies, warehouses and other structures
| required Tor Its business; to operate sugar
mills and rehnerles and all such other
/ activities as may be necessary 10 prepare the
| products OF It's own nelds and those OF others
! tor market; TO buy and sell sugar cane and
| OtheT agricultural products; TO own and Oper-
ate canning factory and TO own real estate,
! buildings, structures, and all necessary ma.
/ ChlneFy ana appliances Tor running and Oper-
! ating canning factory f0- the purpose OF
| canning and preserving oysters, hsh, shrimp
| and other SediOOd well as fruit and vege-
| tables, or similar articles and TO own and
! Ao4d by lease or otherwise, farming land
/ from which to produce and raise such art!.
| cies, vegetables and fruit and to furnish and
| supply farmers, gardeners and such IabOrers
! and woTkmen with seed and seeds OF such
vegetables with which 10 grow and produce
| such vegetables and products to be sold
| canned and preserved and 10 deal in can
| goods OF its own product and 10 buy and sell
|
| dispose of all by-products made and result.
| ing IN the operation OF such canning factory
| and doing all things necessary and proper in
| running and operating such factory, TO
| construct and operate railroads, tramways,
| telegIa ph and telephone lines and vessels OF
! al! kinds; and generally TO do all things
| necessary and proper and incident 20 the
| business OF the corporation, and il shall
| have authority to carry on all or parts OF its
| business IN other states, territories and pos.
sessions OF the United States, as we'll as all
| foreign countries.
Article III-The domicile of this corpora
| ton shall be IN the city of New Orleans
! louisiana Citation OF all legal process and
| other legal notices shall be served upon the
president OF this corporation, and in his alb.
sence on the vice-president.
Article IV.-The capital stock of this cor.
pOratIon is hereby fixed at the sum of eighty
| thousand dollars ($8O,O00OO, divided into
| eight hundred $500 shares of the par value
Of one hundred dollars $4,000 each. But
the corporation shall be going concern as
soon as nifty per cent OF the said capital has
| been subscribed and twenty-five per cent Of
the said capital has been paid in.
| The capital stock may be increased 10 not
! exceeding two hundred thousand $500, 600 OO)
| dollars and the increase of the capital stock
may be by preferred stock common stock,
| or partly one and partly the other and the
terms OF the preferred stock shall be fixed by
the board of directors which may be in ex-
! istence at the time of the proposed inesease
| in the capital stock.
Article V.-AI the powers of this corpora
| ton shall be vested in a board of directors
| composed of not less than FIVE stockholders;
and power and authority is hereby vested in
| the said board OF directors 10 increase the
number OF directors to any number not
| ceeding seven "a and the said board of di-
rectors may I'LL vacancies in their number,
however, caused by election from among the
| stockholders.
| The said board of directors shall be elected
annually the first Tuesday after the first
| Monday in the month of July, of each year,
| except the first board of directors which is
| provided in this charter.
At the annual meeting held for the cleo
| ton of directors, each share of stock shall
| be entitled to one vote which may be cast
| in person or by written proxy.
The failure to hold such meetings shall
not terminate the corporation. but the officers
then in office shall hold over until their sue
| cessors are elected and qualified.
| The first board of directors shall consist
of: Charles S Mcfarland. $500 Chestnut ST.,
New Orleans, La; VIM: T. Hardie. 915 Ora
vier St, New Orleans, La; Ernest NJ Loeb.
Borah, Sl9 Whitney-Central Bldg, New Or
leans, La; Joseph Maumus, Arab P. o.,
| La; Alexander p. Perrin, Arab p. o., La.
| Each board of directors shall elect annually
| from their number president, vice president,
| treasurer and secretary, and il may combine
the Office of treasurer with that of the pres.
ident, vice-president or the secretary, and
| d u
! director stakeholder, but such secretary
cannot be treasurer.
| The first officers shall be the following:
| Charles s. Mcfarland, PRESIDENT; VIM. T.
| secretary and also treasurer, which said Off
GERS shall hold their offices until their sue.
cessors are elected and qualified
| Article VI.-Not less than fifteen (l5) days
notice shall be given for all regular stock.
| holders meetings, and not less than FIVE (S)
| days notice for special meetings. The board
of directors shall hold regular and special
meetings at such times and upon such notice
as to time which the board may fix. All
| notices of stockholders meetings of all kinds
| shall be by written notice through the post
| office, addressed to the respective stockhold-
ers at the address given to the secretary by
| each stakeholder, or the notice may be de-
| livered by messenger.
Article VII.-This act of incorporation may
poraton may be dissolved with the assent
| Of two-thirds of the stock present repre-
sented at meeting convened for that pur-
pose.
Article VIII.-No stakeholder shall ever be
| held liable responsible for the contracts
or faults of the said corporation in any
| further sum than the unpaid balance due
the shares of stock owned by him; nor shall
any mere informalny in organization have
the effect of rendering this charter null or
of exposing the stockholders 10 any liability
beyond the amount of his unpaid stock. ,
Article, X.-When ever this corporation is
| by the determination of the stockholders, its
affairs shall be lquidated under the super
vision of two liquidators to be appointed for
that purpose at general meeting of the
stockholders convened after ten days notice.
At such meeting TO consider the liquidation
of the corporation, the result shall be deter
mined by the consent of two-thirds of the
stock present or represented at such meeting.
In case of the death or inability to act Of
| one of the lquidators, the survivor shall
act alone.
Thus done and passed in my Office, in the
City of New Orleans, on the day, month and
year herein first above written in the pres
ence of Gertrude Cowan and May Lorio, COM
petent witnesses, residents of New Orleans,
Louisiana, who have hereunto signed their
after due reading of the whole.
Ernest NJ. Loeb, 1914 Philip ST., $50 shares,
{. F, Borah, sl9 Whitney Bldg, 20 shares,
VIM T Hardie, 9ls Gravier ST., 100 shares,
c. S. Mcfarland, $500 Chestnut ST., 100
shares. 100000.
Jos Maumus, Arab P. o., La, 50 shares,
$4,000
A. P. Perrin. Arab P. o. La, % shares,
Achie I Picard. by Ernes, NJ. Loeb, Con-
zaes. La, 10 shares, $4,000.
Witnesses: Gertrude Cowan, May Lorio.
HENRY G. BLOCH, Notary Public
l. the undersigned recorder of mortgages
for the Parish OF Orleans. do hereby ce1ify
that the above and foregoing act of incor-
poration of the Plaquernine Sugar Company,
Inc, was this day duly recorded in my
n ~.