The herald. [volume] (New Orleans, La.) 1905-1953, 1918-04-11
CHARTER OF
LANDAICHE COMPANY. INC

LANDAICHE COMPANY. INC.
/ United States of America, State of Lou
isiana, Parish of Orleans, City of New
! Orleans.
BE 1t known. That on this 26th day of
the month OF February, in the year of our
/ Lord one thousand, nine hundred and
eighteen, and of the Independence of the
United States of America, the one hun
| +. Fletchinger, a Notary Public duIv com
| dred and forty second; before me- Charles
missiOned, sworn and qualified in and
! for the City, Parish and State aforesaid
therein residing, and in the presence of
! the witnesses hereinafter named and un-
dersigned; Personally came and appeared
| the several persons whose names are here
unto subscribed, who severally declared
that, awaiting themselves of the laws of
the State of Louisiana in such cases made
and provided, and particularly Act No.
26I of the General Assembly of the State
of Louisiana for the year 1914, relative
TO the organization of corporations, they
have cOvenanted and agreed and do here
by covenant and agree to form themselves
as well as such persons as may hereafter
become associated with them or succeed
them, into a corporation for the objects
and purposes and under the following ar
tcles, tO-wit:
Article 1.-The name of this corporation
shall he "Landaiche Company, Inc, and
as such, shall have succession for ninety
nine years, unless sooner dissolved, and
snail have power to contract, sue and be
]
and the same to alter or break ut pleas
ure; to elect and appoint such officers, di-
rectors and agents as the interests of the
corporation may require; and to make all
necessary bylaws, rules and regulations
for the management of its affairs, and the
same to alter and amend at pleasure and
generally, to exercise all powers that are
conferred or may hereafter be conferred
on corporations of the same kind and
character.
Article 1.-THE domicile of this cor
pOratiOn shall be in the City of
New Orleans, Parish of Orleans. State
of Louisiana, and all citation or 9TH
er legal process shall be served upon the
President, of said corporation and, in the
case of his absence, upon the Vice Presi-
dent, and in cases of the absence of both,
upon the Secretary.
Article III-The objects and purposes
for which this corporation is organized
and the nature of the business to be car
ried on by 1t are hereby declared to be:
To plant, cultivate, produce and market
within the State of Louisiana and else
where rice, corn, sugar, farm and planta-
ton products of every nature and descrip
ton, and to buy, store, sell or otherwise
deal or traffic in the same, either at
wholesale or retail.
To hire, lease, purchase, own and oper-
ate farms and plantations, live stock, ma
chinery, boats, cars and other property
necessary or incidental thereto, and, in
connection Herewith, to establish a gen.
eral mercantile and planting business in
the State of Louisiana and elsewhere.
To acquire and hold, by purchase lease
or otherwise, property, real and personal,
and to SELL lease, mortgage, pledge or
hypOthecate the same; to borrow money, |
to draw, make and endorse bills of eX
change and prOmissory notes and issue |
bonds; to buy, lease, rent, erect, con- |
struct, maintain and operate buildings nee |
eSsary or incidental to the business here
in contemplated.
To sell, assign, transfer, mortgage, |
pledge or otherwise dispose of bonds or
other securities or shares of capital stock |
or any other corporation or corporations, |
whether foreign or domestic, to own
in any other corporations and to vote the |
same, and generally to do any and all |
things incidental or relating to the OBJ |
jects aforesaid.
Article IV.-The capital stock of this |
Eighty-one thousand ($S1,000.O0) Dollars, |
to be divided into eight hundred and ten |
(SlO), shares of the par value of One hun |
dred dollars each, of which three hun |
dred and ninety $500 shares shall be pre- |
ferred stock and four hundred and TWEEN |
ty (i2O) shares shall be common stock, |
which shall be payable in cash or its |
equivalent at the time of subscription or |
may be issued at not less than par in |
payment of services rendered or property |
actually received by the corporation.
The preferred stock shall be entitled to |
preferred dividends at the rate of eight |
per cent. per annum on the par value |
thereof, to be payable out of the net pro-
its which may be realized by the corpor-
alton, and said dividends shall be cumula-
No dividends shall be declared on the
common stock unless and until all the
cumulative dividends on the preferred |
stock shall have been paid. The holders
of preferred and common stock shall be
vested with the same voting power.
In the event of the liquidation, for any
reason, of the assets of this corporation,
the holders of Preferred Stock shall be
entitled to be paid in full to the extent
Of all unpaid accumulated dividends there
on, together with the par value of their
stock, before any holder of common stock
shall receive any dividend on the same
from the assets in liquidation.
The Board of Directors hereinafter Gre
lted is specially authorized and empOw-
'red to issue all the preferred stock to J.
I. Lanaiche and J. c. lie Bourgeois in
for certain real estate in her
Vile Parish now owned by them, upon
such basis and at such appraisement as
In the judgement of said directors may
be proper.
No shareholder of this Company shall
1t any time offer his stock for sale, either
or in the open market, without
having previously offered to sell such
stock, at the lowest price he is willing to
lccept therefor, to the other shareholders
Of the Company, by means of written
addressed to the President
and the Vice-President of the Company
1t the Office of the Company in the City
Of New Orleans, in the following manner
.o-wit: Such officers upon receipt of such
shall at once forthwith in
Struct the Secretary to mail within three
lays of the date of such offer, a notice
to each shareholder of the
Company, stating the number of shares
80 offered the price thereof, and call upon
zach stakeholder to indicate, in writing,
within three days of the receipt of such
notice, how much of said stock, if any,
he desires to purchase at said price
should the total number of shares which
he various shareholders signify their de- {
tire to purchase in reply to such notice
exceed the number of shares offered for
,ale the shares offered shall be distribut-
d among the prospective purchasers in
'uch proportion as the number OF shares
hat each shareholder signifies his desire
o purchase bears to the total number of
shares for which there are prospective
purchasers; should the number of shares
offered for sale not exceed the number ,
he shareholders signify their desire to {
purchase, the offerer shall be at liberty
% dispose of such excess in such manner ,
Is he shall see fit. Is
No transfer of stock shall be binding /
lpon the corporation unless made and re- !
orded upon it's books. Il
The amount to which the capital stock
# this corporation may be increased is
hereby fixed at the amount of Two hun )
lred thousand Dollars (200,00000).
Article V.-All the powers of this cor
,oration shall be vested in and exercised
" a Board of Directors composed of not 9
ess than three nor more than five share c
folders, and a majority shall constitute a $
Quorum for the transaction of all bust .
less.
majority of the Board of Directors I
Oting at any time, in person or by writ q
en- proxy, shall be required to pass any