The herald., 1917-05-03

thousand, u.ue hundred and nye. before ne
Alexis BHaH, notary public, duly com
m'>-s,ued a"d qualified WITHIN and Tor tn
aforesaid PARISH and state, and IN prcscac
=: rnr Witnesses hereinafter named an,
uudcrs, gned,
Personally came and appeared the sever.
parties whose names are hcreuutl sub
s,rIbcd, Who declared maj. aylI,ng ,5em
selves u The laws o. the State OF Louisiana
relative T. the organization OF corporations
iAey have formed and organized and do b,
/ these presents form and organize themselves
IS We. as suca other persons as may here
ate. JOIN with them, or their success sOrs
INTO corporation limited, Tor the object,
| aud purposes and under the stIpu!atIOns aul
| agreements following, tO-wIt:
A...c.e I-lhe name and title OF this cor
pOratIyn shall be The Montegut PlantIn,
! Company, Limited under which name !
snail ENJOY corporate existence Tor perloC
/ u Ninety nine years from date hevOt. Il:
. dpmlcI.e shall be a; Laplace Pos, Office
/ IL the PARISH OF 81. John the Baptist, STATE
! 81 Louisiana. II may have, hold, purchase
/ SELL convey, lease, pledge, bond OF mortgage
1 property, real, persona! OF mixed, movable
/ yr -mmgydble, sue and be sued, and may
/ nave and use a corporate seal.
/ Article 1.-The objects and purposes for
when ms corporation Is organized, and the
nature Of the business 10 be carried on by
II are declared TO be: To do a general mer-
camille business and to operate stores, and
| l.. that purpose TO acquire by purchase,
ease " otherwise property OF any nature
whatsoever; 10 acquire by purchase, lease
OF otherwise, property OF any nature what
sorvrr, either Tor sale, investment, or for the
cultivation OF sugar cane, Tor the maniac
;ure OF same into sugar, syrup, molasses or
OiHeT products, either all OF them or
tor the cultivation OF other agricultural pro-
ducts OF Tor their manufacture, or both; to
acquire by purchase, lease OF otherwise, and
10 construct and operate sugar factories or
any otheT mandatory; 10 make advances for
the cultivation OF crops and for their man
uiActuTe; 10 acquire, own and operate tram
ways and private railroads, together with
all such nights, franchises and appurtenauces
as are necessary tor OF incidental to the
operation OF same, and generally 10 engage
IN sICh other business as may be necessary
Tor or incidental 10 the purposes herein
above Sc; forth, and 10 have such other rights
and powers as are or may be conferred by
the laws OF this State upon corporations in
general, and especially upon corporations OF
the character above set forth. Said corpora
uon may begin business at once.
Article III.-The capital stock of this COZ.
p9rat'on IS hereby declared to be the sum
Of one hundred thousand dollars (slOOUUOO,
divided INTO one thousand Q,JO) shares Of
one hundred dollars $4,000 each, which
shaII be paid tor IN cash, or for services rem
iered the corporation or in property made
over to and acquired by the corporation
Ninety thousand dollars OF said capital stock
mas been subscribed Tor, as evidenced by the
tisi Ot original subscribers herewith filed
IN the recorders office, which amount has
been paid into the treasury OF the corpora
ton IN payment for said stock The capital
stock OF this corporation may be increased
at any time IN the manner now, or hereafter
TO be provided by law; in which event the
persons holding stock az the time, shall have
the night, tor period of thirty days to take
shares OF the additional or increased stock
proportionate to the number OF shares then
owned By them respectively; and any shares
not taken at the expiration of said thirty
days by the then stockholders, shall be dis
h. u-A q.
dement, Of the corporation, at not less than
their par value. All shares OF stock shall
be full paid and worcestershire, and trans
tiers OF stock shall not be binding upon said
company, unless recorded upon its books
Article IV.-The business and affairs of
this corporation shall be managed and con-
Quoted by a board of three directors, each
OF whom shall be stakeholder in the COM |
pany LufieG Montegut, Jr, FeTnand Mon
tute the FIRST board of directors, who shall |
hold office until the first Tuesday in April |
1870, or until their successors shat have |
been elected and qualified The board OF |
directors at their hTst annual meeting, shall |
elect president, a vice-president and a |
secretary, the first two of which officers must
be chosen from their own number. On the |
hTst tuesday OF April, 1890, and annually |
thereafter, an election for directors shall be
held al the domlCIle OF the company, after |
ten QO) days notice in writing shall have
been gwen TO each stakeholder of the time
meeting,
which may be served by transmitting same
20 him by mail, addressed to his last known
place of residence. The voting for directors
shall be by ballot, and each stakeholder shall
owned by him, which shall have been stand.
ng IN his name at least ten days prior to
ne day OF election. In case any director or
'trcer should die or resign before the end
u his term OF office, the vacancy may be
illed by the remaining directors by the
election of a stakeholder in his place who
hall act until his successor shall have been
'lected at the next ensuing annual election
Article N.-The officers of the corporation
hall consist OF a president, a vice pres dent |
md a secretary. to be chosen as above set
orth. Until the first Tuesday of April
9Oo Fernand Montegut shall be president,
ent and Sidney Montegut shall be secre.
airy. Said board of directors may appoin;
general manager, who shall have power
nder the supervision OF said board, to ad-
llnlSter the ordinary affairs and business
the corporation. Two members of the |
GARD of directors shall constitute a quorum | Z
'r the transaction OF all business of the {
Dmpany. They shall have power 10 appoint q
Il agents, clerks, and employees and FIX :
leir salaries and compensation; to make, Z
lange, alter and modify all proper bylaws |
lies and regulations for carrying this 4
larter into effect, and for the MANAGEMENT a
the business of the corporation, and any r
the said directors shall have the right
delegate TO any other director in writing r
ny OF the rights and powers enjoyed BY 5
m such director. IL
Article NI.-This act of Incorporation NAV d
changed, modified or altered, or the said 4
operation may be dissolved at a meeting
the stockholders called specially for thai "
irpose, upon giving ten QO) days notice n
ereof, in the manner prescribed by Article i,
,urth, OF this charter; such meeting TO be a
He'd by the president, upon the written h
quest of any shareholder; provided that 20 a
crease the capital stock, the requisites of "a
: law must be complied with c;
Article VlI.-At the termination of this o,
arter by limitation, or on its dissolution C.
herein provided for, the business and a
airs Of tfhe company shall be liquidated e
der the supervision of three commissioners h,
lected from. among the stockholders at "a
neral meeting called for that purpose. ir
on giving ten Q0 days notice as spe, o,
led by Article Fourth of this charter. In 81
Sc of the death of any commissioner, the a,
naming commissioners shall elect a sue $
ssor from among the stockholders. =,
Article NIlI.-No action of stockholders at al
y meeting shall be valid or binding, un- a,
IS stockholders representing a majority OF
the capital stock outstanding shall be 6,
|