The herald., 1917-05-10
april ) y y % may } 10
CHARTER
OF THE MONTEGUT PLANTING CO.,
IIMITEn

United States of America, State of Louisi-
ana, Parish of Orleans, City OF New
Orleans.
Be il known, that on this the eleventh
day of the month of March, in IN year one
thousand, nine hundred and FIVE, before me,
Alexis Brian, a notary public, duly com
missioned and qualified within and Tor the
afores parish and State, and in presence
Of the witnesses hereinafter named and
undersigned,
Personally came and appeared the several
parties whose names are hereunto sub
scribed, who declared that. availing them
selves of the laws OF the State of Louisiana,
relative 10 the organization OF corporations,
they have formed and organized and do by
these presents form and organize themselves,
as well as such other persons as may here
after join with them, their successors,
into a corporation limited, for the objects
and purposes and under the stipulations and
agreements following, tO-wit:
Article The name and title If this cor
poration shall be The Montegu> Planting
Company, Limited" under which name it
shall enjoy corporate existence for period
OF ninety-ninc years from date herof Its
domicile shall be at Laplace Post Office,
in the Parish of ST. John the Baptist, State
Of Louisiana. 1t may have, hold, purchase
sell, convey, lease, pledge, bond or mortgage
immovable, AID be sued. and may
have and a corporate seal.
Article 1.-THE objects and purposes for
which this corporation is organized, and the
It are declared to be: To do general mer.
camille business and TO operate stores, and
Tor that purpose to acquire by purchase.
lease otherwise property Of any nature
whatsoever; to acquire by purchase, lease
or otherwise, property OF any nature what
soever, either for sale, investment, or for the
cultivation OF sugar cane, or tor the maniac
ture OF same into sugar, syrup, molaSseS or
other products, or either or all of them or
Tor the cultivation OF other agricultural pro-
ducts for their manufacture, both; TO
acquire by purchase, lease or Otherwise, and
to construct and operate sugar factories or
any other mandatory; to make advances for
the cultivation OF crops and for their man
uiacture; to acquire, own and operate tram
ways and private railroads, together with
all such rights, franchises and appurtenanccs
as are necessary for or incidental TO the
operation OF same, and generally TO engage
in such other business > may be necessary
Tor or incidenta! 10 the purposes herein
above set FORTH and TO have such other nights
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 al once.
Article llI.-The capital stock OF this cor
pOration is hereby declared to be the sum
OF one hundred thousand dollars GlO0,0O0.0O,
divided into one thousand 1900 shares OF
one hundred dollars $4,000 each, which
shall be paid for IN cash, or for services rem
deTed the corporation or IN property made
over TO and acquired by the corporation.
has been subscribed for, as evidenced by the
list OF original subscribers herewith filed
IN the recorders office, which amount has
been paid into the treasury OF the corpora
tiOn in payment for said stock. The capital
stock Of this corporation may be increased
At any time in the manner now, hereafter
10 be provided by law; in which event the
persons holding stock at the time, shall have
the right, foT period OF thirty days 10 take
shares OF the additional or increased stock
pTOPoItionate 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
posed Of by the board of directors for the
benefit of the corporation, at not less than
their par value. All shares OF stock shall
be full paid and non-assessable, and trans
feTs of stock shall not be binding upon said
company, unless recorded upon its books.
Article lV.-The business and affairs Of
this corporation shall be managed and con
Quoted by a board OF three directors, each
OF whom shall be stockhoder in the com
pany. Lucien Montegut, yr., Feruand Mon
tegut, and Sidney Montegut shall consti.
tute the FIRST board OF directors, who shall
hold office until the hrst Tuesday in April,