The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1917-09-15
CHARTER
TOWN OF BREAUX BRIDGE,
PARISH OF ST. MARTIN,
STATE OLE LOUISIANA


STATE OF LOUISIANA.
Before me CD. Domengeaux, a Notary Pub
lie, in and for the Parish and State aforesaid.
and in the presence of thewitnesses hereinafter
named and undersigned, personally appeared
the several persons whose nan es are hereuntO
subscribed. who declared that. availing them
selves of the laws of this State relative
to the organization of corporations,
they have contracted and agreed.
and do by these presents contract and agree and
bind and obligate themselves, As well as such
person or persons who may hereafter become
associated with them, to form and constitute q
corporation and body polite in law, for the
uses and purposes, and under the articles and
purposes. stipulations following. tO-wit:
ARTICLE 1.
clared to be LOUISIANA PRODUCTS AND
DEVELOPMENT COMPANY. INC. and its do
micile shall be in the Town of Breaux Bridge,
Parish of st. Martin, State of Louisiana.
ARTICLE III.
The purposes for which this corporation is
organized. and the nature of the business to bs
carried on by it are hereby declared to be to buy
sell. own. improve, mortgage, and lease real
estate. and to farm and plant the same, and TO
do a general real estate business; to grow, pro-
duce, buy or sell any and all agricultural, hor-
ticultural, Horticultural and other farm pro-
ducts, including live stock and poultry, and to
manufacture and convert any and all of the rxw
materials of the farm, forest, lake. gulf ocean or
stream into the finished product; to act as
agent. either general, special. or local for any
Germ, in a manner not contrary to law, such as
insurance. mortgage and investment comps-
MES; to deal in, own, and buy and sell any and
all stocks, bonds, mortgages, and any and all
securities or evidences of Indebtedness; and
generally to engage in any other germains, or
incident to or connected with any of the above
enumerated objects.
ARTICLE LII.
The Capital Stock of this corporation shall
be TEN THOUSAND (SIO,OUuOO) DOLLARS.
divided into ONE THOUSAND shares of a par
value of TEN DOLLARS (S10.OO) each payable
in cash, or property actually received. or as
otherwise provided for or not contrary to law,
at such time, and in such manner as the Board
of Directors may determine. The capital stock |
OF this corporation may, however. be increased
to Three Hundred Thousand $500. OOC OO) Dollars |
ARTICLE Nv.
This corporation may commence business a.
soon as nifty l5OJ per cent of it's authorized |
capital stock shall have been subscribed for. |
and fifty 600 per cent of the stock subscribed |
for has been paid in. and shall exist for period
Of ninety-nine (99) years from this date, unless
sooner dissolved.
ARTICLEV
All OF the corporate Jwers of this corpors-
ton shall be vested in board of not fewer than
than three 90, nor more than i've (J directors,
q majority of whom snail constitute a quorum
for the transaction of business, without the me-
cessity of any authorization or ratification what
ever of their actions by the stockholders; and
the said board. except the first. which is here
matter provided for, shall be elected annually
by ballot. by the stockholders on the second
Tuesday in August of each year, of which elec
ton fifteen, Q5) days previous notice in writing
shall be sent to each stochholder BY the score.
ary by mail.
The Board of Directors shall elect q Presi-
lent, Vice-President, and Secretary res-
'urer, out of their own number.
ARTICLE vi.
A. A. Ransonet. n. l.. Simmons and j. w,
NeA"Ns WIN "a a. IedusOQet rs ffeel00 Mt.
With L. l.. Simmons as Vice President, and
J. W. Begnaud Secretary Treasurer. shall con-
titute the first Board of Directors and shall
lold office until the second Tuesday of August
slo. and until their successors are elected and
Qualified.
ARTICLE VII.
Citation shall be served Oh the president. or
q the event of his absence or disability. upon
he vice-president, and whenever this CORPORA
ion shall or may be dissolved. whether by lin
lation or otherwise. its affairs shall be liqui-
ated by one or more liquidators selected by
he stockholders from among their own number.
ARTICLE VIII
No shareholder shall ever be liable or respon-
lble for the contracts or faults of the corpora-
on In any further sum than the unpaid ba- !
'nce due ON his stock for which he has SUBJ
;ribed. nor shall any mere informally in or '
anization have the effect of rendering this
1arter null or exposing a shareholder to any