The Donaldsonville chief., 1918-02-23

of agricultural operations; to hold, own, pur-
chase, sell. lease. develop and cultivate lands
and to produce thereon crops OF al sesss
to operate sugar houses, rice mills, Gotten
gins, and any other factories useful or. con- |
venient in connection with agricultural op.
erations; to drain. Frigate. reclaim and
colon:ze. develop and improve lands; to
raise. market and deal in hve STOCK ano
tram roads. bridges, canals and telephone
and telegraph lines. lighting plants, water
ways and other means of transportation
necessary or convenient in prosecuting the
business Of the company; to erect buildings
and other structures. and to operate; lease
or otherwise handle them and deal therein
to construct. and operate comrnissaries,
boarding hesses, hsteis' = warehoasss a aha .ha
cultivation Of lands: to develop. produce
market and deal in minerals; to acquire and
hold. sell. cucumber or dispose OF stocks
and bends Of other companies to the extent
permitted BY law: to held stock in ether
companies: to exchange it's entire capital
stock. or any part thereof. for property
which it 10 authorized to acauire. or TO
exchange its entire assets and business, or
any part thereof. for property, stocks, bonds,
or other obligations Of other companies; TO
deal Ia agricultural commodities Of all kinds
and generally to do all such acts Or things
as may be necessary, proper or convenient
fer the accomplishment of any Of the fsre-
geing ehjects and purposes.
ARTICLE w.
The capital stock of this corporation Is
hereby fixed at the sum Of two hundred
shousanA t$2oe.oee) dollars. divided ints two
Thousand {2000) shares OF the par value
of one hundred ts1eo) dollars per share:
This stock may be increased to the .suna sf
Ave hundred thousand ($500.000) dollars.
The whole or any portion of said stock may
be issued and delivered to any person, Arm
or corporation for the acquisition Of the
rights, privileges or property owned or con-
al hv axsNh
for the fair value thereof as appraised by
the board Of directors; and the board or
directors hereinafter created is specially eu-
therixed to issue and dispose Of the stock Tor
any and all purposes &s in its Judgment may
seem fair and proper.
ARTICLE v.
Ali the powers Of this corporation shall be
vested in and exercised by q board COM
hpesed Of not less than three nor more than
1 Eve directors. The precise number of d.
reeters within said limit shall be fixed by
the vote Of the stockholders at the annual
meeting. or Mt special meeting called Tor
| that purpose. Said board Of directors shall
be elected annually by ballot, at a stock
| helders meeting called for that purpose on
| the second Monday in February Of each year
| Ter the next legal day. il that be . holiday,
| after due notice given 70 the stockholders
by mail, at least Aftsen days before the
| date Of said meeting. Each holder Of stock
/ shall be entitled to one vote for each share
| Of tbs company. said vote to be east in per-
| son Or by proxy, and the majority Of the
votes cast shall elect. The board ef di-
reeters shall have the power ts All al va
arise Of be created on the board. even
though no quorum remain at the time such
vacancies are TO be Alled. Failure to sleet
directors On the d.y abeys spssified d. shsll
reetsrs then in office shall remain IN offiee
until their successors are elected and quality.
The board shall elect from their number q
president, q vice president and . secretary
provided, that the board may dispense with
any Of said Offices and ar may combine any
Of them. and or may elect such other officers
as they think proper or convenient for the
carrying sn Of the sempany's business, and
fagents and employees. At any meeting OF
I the board Of directors. any director absent
from the meeting may be represented BY
fany other director. who may cast the vote
written instructions, either general or spe.
cfal, OF said absent director. The board OF
directors shall have authority to make and
establish, as well as alter and amend all
fby-laws, rules and regulations necessary and
kprsper. for the support and management OF
the business and affairs Of the corporation
and not Inconsistent with this charter; and
they shall have power to authorize the bor'
rowing Of money and the issuance OF notes
land the execution Of mortgages and pledges
land generally to do all things necessary o,
Eeonvenient for the proper carrying on Of the
business Of the corporation.
Until the. general meeting Of the stock.
holders for election of directors to be held
on the second Monday Of February, 1919. OF
until their duly qualified successors are elect.
ed and installed the board Of directors shal
be composed Of Myer Lemann, postoffiee ad.
dress Donaldsonville. Louisiana; Percy A
Lemann, postoffice address Donaldsonville
Louisiana; and Leo Fellman. poetoffice ad.
dress SIS Baronne street, New Orleans. Lou.
isians. OF the foregoing, Myer Lemanr
shall be president, and Percy A. Lemann
vice president-seeretary.
ARTICLE vi.
modified OF amended. or the corporation dis
solved by q vote of two-thirds Of the entire
capital stock present or represented at
general meeting Of the stockholders con
notice shah have been given in the manner
above required to be given Of the annua
meeting Il the corporation.
ARTICLE VII.
II this corporation shall be dissolved. eithel
by limitation or from any other cause. its
affairs shall be HQuidnted by three commits
sioners to be appointed at the meeting OF
stockholders eonvened for the purpose o.
tliquidxtion. and to be elected by the vote oa
all the stockholders voting upon parity
Ssid iauidaters shall remain in office unit
the affairs Of said corporation shall have
"~ASs
shall have full power and authority t.
tzanafer sad give title to all the properts
and assets Of the corporation, and to dis
tribute the preceed.. In ease OF death. dig
/ quidators. the vacancy shall be flied By the
survivor Or survivors.
ARTICLE VIII.
Ne stNekAeldeT shall ever be held liable
or responsible fer the contracts or faults
Of said cooperation in any further sum thar
stsek owaed by him. nor shall any mere IN.
fsrmality in organization have the effect
Of rendering this charter null. or OF ex.
pesins any steckholder to any liability be.
yend the amount due on his stock.
the original subscription list, the subscribers
hereto have indicated opposite their re.
speetive signatures the number Of shares
of stock subscribed for by each of them.
| Thus done and passed at my office 81
Donaldsonville. louisiana, on the day
month and year frst above written, in the
presence Of j. e. Blum and F. B. Lemann
competent witnesses. who have hereunto sub
scribed their names, together with me
reading Of the whole.
(original signed.)
tNAMEs OF SUBSCRIBERS oMITTED).
Wftaesses:
i j. q. BLUM.
/ r. B. LEMANN.
/ {L.s.) WALTER LEMANN.
Notary Public.
| State sf Louisiana, Parish Of Ascension
l Do hereby certify the above and forsgoins
ts be duly recorded Ia Book of Charters No
| In faith whereof, witness my hand and
ssal Of Office at Donaldsonville, La, this s1st
day Of january, 1918.
/ @ lL-s.l Clerk and Recorder.