The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1918-02-02
c II A r T E r
PEYTAvlN PLANTING CO. INC.

CHART Err
49, u Of %
PEYTAvlN PLANTING CO.. INC.
United States p Ameriea4state of Louisi.
ana-Parish Of Orleans.
DE 1T KNOWN. that on this 18th day Of
ID the month of January, in the year of our
Lord one thousand nine hundred and
eighteen 191S), and of the independence of
the United States of America the one hum
bred and forty-second l142nd), before me,
Watts K. Leverich. notary public. duly
and qualified in and for the
parish of Orleans, therein residing, and in the
presence of the witnesses hereinafter named
and undersigned. personally came and ap-
peared the several persons whose names are
hereunto subscribed. who declared that, avail
ing themselves of the provisions of the laws
of this state relative to the organization of
corporations, they have covenanted and
agreed, and do by these presents covenant,
az Zee, bind. form and constitute themsel4 n,
al well as such persons as may hereaBr
jo| Aor become associated with them, I'M a
cofp6ration and body polite in law. for The
objects and purposes, and under the agree
ments and stipulations following, to-wit:
ARTICLE /.
The name and title Of this corporation
shall be PEYTAVIN PLANTING COMPANY,
INC and under it's corporate name it shall
enjoy succession for the full term and period
of ninety mine years from and after the date
hereof and shall have power and authority
to contract, sue and be sued; to accept and
receive mortgages. pledges or other hypothe-
cations; to make and use corporate seal
and the same to break and alter at pleasure;
to purchase. receive. lease, hoid, or other r
wise acquire and convey, as we'll as mort
gage and hypothecate under its corporate
name. property both real and personal and
mixed: to borrow money and make and issue
bonds and Rother evidences of debit land to Sc
cure the lame by mortgage and otherwise;
to acquire hold and reissue shares of its
capital stock; to name and appoint such man.
agerH and directors. officers and ageVFs. as
the &terest and convenience of said q pora-
ton may require; and to make and establish,
as well as alter and amend at pleasure. such
bylaws, rules and regulations for the man
agement and regulation Of the affairs OF the
corporation as may be necessary proper or
convenient.
The domicile of this corporation shall be in
the narish Of Ascension, state OF Louisiana,
and all citations or other legal process shall
be served upon any Of the officers OF the
corporation.
The objects and purposes for which tins
corporation is organized, and the nature OF
the business to be carried on by 1t. are here
nv declared to be. To engage in all sorts OF
agricultural operations: to hold, own, puI-
chase, SELL lease. develop and cultivate lands
and to produce thereon crops OF all sorts 70
nnerate sugar houses rice mills. cotton gins,
and any other factories useful or convenient
in connection with agricultural operat1ons !;
to drain, irrieate. reclaim, colonize. deveiep,
improve and deal in lands OF all SORTS: fI I
md urban "a to raise. market and deal IN 1--we
stock and operate dairies to build, lease ana
Operate tramroasls. hriA ges. canals ana fele-
phone and telea raph fines, lighting plants,
waterways and other means oi transpor.s.-
Eae1r
the business of the company; TO erect puild-
inrs and other structures, and 20 operate,
lease or otherwise handle them ana deai
therein; to construct and operate commas
saries. boarding houses. hotels, warehouses
and general i stores: Il to make advances Tor
the cultivation of lands;to develop, produce;
market and deal in minerals; 70 ACQUIRE anti
hold, SELL cucumber Or dispose OF STOCKS ana
bonds Of other companies to the extent per-
mitted by law to hold stock in other COM
NAMES: TO exchange its entire capital STOCK
or any part thereof, for property when II is
authorized to acquire. or to exchanee us en-
tire assets and business. or any part thereoI,
for property, stocks, bonds or other obilRa-
tions of other companies to deal IN aRrlcul-
tural commodities Of all kinds. and generally
to do all such acts ore things as may be ne
cessary proper or convenient tor the ac-
complishment of anyof the foregoing objects
and purposes.
-. - ARTICLE ".
Section i. The capital stock Of this cor-
por&son is hereby fixed at the sum nj one
hun& Fed and seventy-fve thousand TO-,
OO050doIiars, divided into seventeen Mndred
and fifty. 1T50, shares Of the par value OF
one hunt&ed $ / 00l dollars per shaze, of which
five hund Fed 5000 shares shall preferred
stock and twelve hundred and fifty t125O)
shares shall be common stock ne com,
mon stock may be increased to two hundred
and fifty thousand dollars t$250,000); no
change to be made in the preferred stock
except by unanimous consent of the preferred
stockholders.
Section 2. The holders of preferred stock
shall be entitled to receive from the surplus
or net profits of the corporation dividends at
and no more, payable on the first day of
January of each year. Dividends on the
said preferred stock shall be cumulative from
january l. 1913. and shall have preference
and priority over the common stock. so that
at no time shall any dividend be declared,
set apart for or paid on the common stock,
unless at such time all dividends on the pre-
{9d stock at the rate of seven per centsiF
~ annum which shall have matured 81 gil
Mye been declared and paid in full On Enc
fifst day ofsJanuary, 1921. ten per cent (y0)
of the original amount Of issue of preferred
stock shall be retired: and similar amount
shall be retired on the first day of January
in ench succeeding year until the whole Of
the preferred stock shall have been retired,
so that in the course of ten years from the
first day of January. 1918. the whole OF
the said preferred stock will have been re-
tired. Each holder58of preferred stock shall
have his stock retired proportionately. After
the first day of January. 1921 no dividends
shall be paid on common stock unless the
current installment due for retirement on
the preferred stock shall have been retired.
II the corporation desires to retire the pre-
ferred stock at q more rapid rate than here
inabove required. 1t shall have the right
Though it shall not be bound SO to do at
par) provided that ~ thirty days, advance
notice in writing shall be giv4n to each stock
holder of intention to make such retirement !;
(2) each stakeholder shall have the same
proportion Of his holdings retired; and (3)
all accrued divide1fds at thu rate Of seven per
cent ~ shall be paid in full up to the date
stock which the corporation may voluntarily
elect to retire shall be credited upon the
amounts which the corporation is required
to retire in the order in which such retire
mcnts would mature.
Section 3. In the event Of any liquidation,
dissolution winding up, whether voluntary
or involuntary of this corporation. the hold
ers OF, the preferred stock, shall be paid in
full by preference over the common stock
holders the par value Of the preferred stock,
together with all accrued unpaid dividends,
Mt the rate Of seven per cent (1l per annum
thereon. After such payment to the pre-
ferred stock, TIP holders of thNcommon stock
assets and fuAls of the corr ration in pro-
portion to the Ahares held b,Sthem respect
lively
Section a. After the payment Of dividends
to the preferred stock, as above set out, and
such provision as Is hereinabovc required to
be made for the retirement OF preferred stock,
the remaining earnings of the corporation
shall be available for the payment of divi-
directors dsast rs Jay e aeserm.ne go : I N' :