The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1918-02-16

! Walter Lemann. notary public. duly com
mis- sioned and qualified iii and for the par
1 ish of Ascension, therein residing and in
the presence Of the Witnesses hereinafter
named and undersigned. personally came
and appeared the several persons whose
| names are hereunto subscribed, who declar-
| ed that, Awaiting themselves Of the laws of
1 this state relative 10 the organization of
1 corporations, n they have coYenanted and
agreed. and do by these presents covenant.
agree, bind. form and constitute themselves.
as well as such persons slay hereafter
Iioin or become associated will hem, into q
corporation and body noliaies ii law. for the
objects and PURPOSES and IN der the agree
f9ments and stipulatsons oflowins. to-wit ss
Art ICI II 4.
! The name and tile. of this corporation
shall be PALOz ALTO COMPANY. INC, and
under it's corporate name it shall enjoy sue
eeaaion for the full term and period of
ninety nine G go years from and after the
date hereof. and shall have power and an-
| thority to contract, sue and be sued; to
accept and receive mortgages, pledges or
| other hypothecations to make and use d
corporate seal and the same to break and
alter at pleasure to purchase. receive, lease,
| mold, or otherwise acquire and convey. as
well as mortgage and hypothecate under its
corporate name, property beth real and per-
sonal and mixed.tto borrow money and make
and issue bonds and other evidences of debt,
and to secure the same by mortgage and
otherwise; to hold stock in other corpora
tons: to acquire, hold and reissue shares
OF its capital stock; to join Or consolidate
with and enter into agreements and COS
operative relations not in ccfltravention of
law with any person or persons, firms, ass
sociations corporations, governmental
municipal or otherwise, III and about the
carrying ON and accomplishment Of all or
any of the purposes Of the company: to
carry out, all of the objects and purposes
hereinafter set out; to name and appoint
such managers and directors, officers and
agents, as the interest and convenience of
said corporation may require and TO make
and establish, as well as alter and amend at
pleasure, such bylaws, rules and regulations
for the management and regulation of the
affairs of the corporation as may be neces-
sary, proper convenient. zf
ARTICLE II.
The domiciIe of this corporation shall be
III the parish Of Ascension. state of Louisl-
ana and all citations or other legal process
shall be served upon any Of the officers Of
1.-THE corporation. 4Rs
ARTICLE III.
The objects and purposes for which this
corporation is organized, and the nature of
the business to be carried on by it, are
hereby declared to be: To engage in all
sorts of agricultural operations to hold, own
purchase, sell, lease, develop and cultivate
lands and to produce thereon crops of all
sorts; to operate sugar houses, rice mills
cotton gins, and any other factories useful
or convenient in connection with agricultural
operations; to drain, irrigate, reclaim and
colonize, develop and improve lands to; buy,
sell. deal in, mortgage and rent real estate
of all sorts, improved and unimproved, rural
and urban: to raise, market and deal in live
stock; to build, lease and operate trarnroads,
bridges, canals and telephone and telegraph
lines, lighting plants, waterways and other
means of transportation necessary OF com
venient in prosecuting the business Of the
company; to erect buildings and other struc-
lures, and to operate. lease or otherwise
handle them and deal therein; to construct
and operate commissaries boarding houses
hotels. warehouses and general stores; to
deal in merchandise of all SORTS both at
wholesale and retail; to operate dairies; to
make advances for the cultivation of lands :
10 devotion, produce, mark set and deal in min
erals: to acquire and hold, sell, cucumber
or dispose of stocks and bonds of other
companies, to the extent permitted by law !;
10 hold stock in other companies. to ex-
change its entire capital stock, or any part
thereof, for property which it is authorized
70 acquire, to exchange It's entire assets
and business, or any part thereof, For prop
erty. stocks bonds or other obligations of
other companies to deal in agricultural COM
modlties OF all kinds: and generally, to do
all such acts or things as may be necessary,
proper or convenient for the accomplishment
of any Of the foregoing objects and pur-
poses.
The capital stock Of this corporation is
hereby fixed at the sum of three hundred
| thousand ts3oo.eoo) dollars, divided into
three hundred t3ooa shares Of the par value
Of one hundred fsI001 dollars per share
The amount Of stock may be increased to
five hundred thousand $500, 090} dollars.
The whole or any portion OF said stock may
sebe issued and delivered to any person. firm
a- corporation for the acquisition Of the
rights, privileges On property owned or con-
trol!ed by such person. firm or corporation,
Tor the fair value thereof as appraised by
The board Of directors. and the board of di-
teetors Hereinafter created is specially au-
tkorizcd to. issue and dispose of the stock
for any and all purposes as in its judgment
may seem fair and proper Eis7-
ARTICLE v.
All the powers of this corporation shall be
gested in and exercised by q board composed
of Tot less than three e. nor more than
seven 10 directors. The precise number
of directors within said limit shall be hxed
BY the vote Of the stockholders at the annual
meeting, or at special meeting called for
that purpose. Said board of directors shall
be elected annually by ballot, at stockhald-
ers' meeting called forstfaf purpose on the
second Monday in February ef each year, or
tho Ee.st legal dayssn that be holidayi af-
ter due notice given to the stock holders by
Aaa. at least assssa days bssose the date of