The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1918-01-26
ARTICLE II.

The domicile of this corporation shall be in
the parish of Ascension, state OF Louisiana:
and all citations or other legal process shalt
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 It, are mere. :.
by declared to be: To engage IN ali SORTS oA
arricultural operations: to hold, own, pur-
chase, sell, lease. develop and cultivate lands
and to produce thereon crops of all sorts 70
operate sugar houses. rice mills, COTTON gins.
and any other factories useful or convenient
in connection with agricultural operations
To drain. irrigate reclaim. COLOMBO, develop,
improve and deal in lands of oil sorts: ruIal
and urban: to raise. market ana neal III liss
:stock and operate diaries: to build. lease anu
nnerate tramroads, bridges, canals and teie-
nhcne and telegraph lines. lighting plants
waterways and other means ef transpoI.t "a
ton necessary or convenient IN prosecut.Iss
the business of the company; 70 erect Dulu-
[ings and other structures. anu !" opet Dol
laase or otherwise handle them ana oeaA
therein: to construct and operate commas
saries, boarding houses, hotels, Warehoos So
and general stores: to make advances iol
the cultivation Of lands; 70 deveiops pIouus.;;
hold. sell. cucumber or dispose OF stocks ana
| bonds of other companies 70 the extene pei
| rnitted by law; to hold stock IN oIher CON i
nnnies; to exchange it's entire caplIal sI !. ::
n
authorized to acquire. or to exchange us en
fire assets and business or any part tnsrso.
FOR property stocks, bonds, or otner oD: :ns.a
tions of other companies; TO deal III asl.s sn
| -. a. ali such acts or things Rs may DC ne
e.ssary. proper or convenient for tne &c :,
con,nlishment Of any Of the foregoing op,ec'a
and purposes 5y,r
Section i. The capital stock Of thus cor,
poration is hereby flxea y .h .ns ts175..
nH0l dollars, divided into seventeen h1nu1e :.
and fifty (I75op shares OF the par pslus ~
nne hundred 81 90 dollars per snare q
Ave hundred 600, shares sna,i s rs IIa5o1
| s.oraa .shall be common stock. The com
mnn stock may be increased 70 Two nunoTeo
and fifty thousand dollars s2oo,ooao, :. ~
change to be mnde IN the preler1ea $780,
except by unanimous *eonssAtst - 80.
section .. The holders Of preferred stock
shall he entitled to receive from the saspins -
81 net profits Of the corporation divlasnas
the rate of seven per cent ~ PEI ill., ~, u
and no more payable Son the flrat gay 4s 9.
January of each Di yiderns q r ~
said preferred stock shall bs
January 918. and sfInii nays tnaf
md nriority over the common stock. so tha'
al no. time shall any dividend be deeiarea
set annrt for or paid on the common stocs'
unless at such time all dtvidenos on zig n
Yerred stock at the rate of seven per een :
ner nnnum which shall have matnred sna "
have been declared and paid in full un IN. ~
fret day Of january 1872 I. ten per cent ",
If the original amount of issue o. prelelis. ..
stool, shall be retired: and similar aHou uiu
shall be retired on the nrst nay - ,r.,nia Il
| The preferred stock shall have been retiIsu
| On that in the course Of ten years 1roni eaI.
| Arst day of January. 1918. the Wnole -
fhe said preferred stock Will nave osen
I - ~ fxernf stock
have his stock retired proportionately. AIts are
the first day of January. ! 92l, no diVtuen en-,
| shpr he paid on common STOCK uhlesH wv
| current installment due for retlremens "a "a
! the preferred stock shall nave peeh Ieln 80 3
| r. the corporation desires to retire the pre-
| ferred stock at a more rapid rate than mere.
| ;naboye required. it shall have the righ,
| Though it shall not be bound SO 70 40 ..
| nar) !: provided that { II thirty days advanss
| notice in writing shall be given to each stock
| hoidar of intention to make such retirement
| f2) each stockholder shall have tne sam
| n~onnrtion Of his holdings retired: and ~
| ali accrued dividends Mt the rate OF seven ~
cent t7)) shall be paid IN fnil up 70 .ns aast
! If retirement Any amounts OF preferred
stock which the corporation may voinntar 81,
| elect to retire shall be credited upon tnt
amounts which the corporation 10 reauiree
Ito retire in the order in which sucn retife'
| ments would mature
| Section g. In the event of any ii1uldation
dissolution or winding up whether voluntary
| or involuntary. of this corporation. the noiu
| ers of the preferred stock shall be PAID II
/ full by preference over the common STOCK
| holders the par value of the preferred stock
aopether with all accrued unpaid DIVIDENDS
4 1T the rate Of seven per cent Il per annun
thereon After such payment to the pre-
| ferred stock, the holders of the common stoct
/ sha! be entitled to receive the remaining
assets and funds of the corporation in pro
Norton to the shares held by them respect
lively.
| to the preferred stock, as above set OUT, ant
| such provision as is hereinaboSe required z
| be made for the retirement Of preferred stock
| the remaining earnings of the corporaIioi
| shall be available for the payment OF divi
dends to the common stock rs the board O
directors may determine.
| Section 5. The whole or any portion OF sn'
inreferred or common stock Of this corpora
tion may be issued and delivered to any per
son, firm, or corporation Tor the acquisition o.
/ the rights, privileges or property owned o.
| controled by such person. hrm or cor2ofa
| ton for the fair value thereof as appraised
| nv the board of directors; and the board q
| directors hereinafter created Is specially au
/ thorized to issue ind dispose of the stock 10
any and all purposes as in its JUDGMENT ma,
seem fair and proper.
| ARTICLE W
! All the powers Of this corporation shall b
| vested in and exercised by q board composed
/ of not less than four nor more than nine dl
| rectors The precise number Of Director
| within said limit shall be fixed by the vot'
| Of the stockholders at the annual meeting. O.
at special meeting called for that purpose
| Said board of directors shall be elected an
nually by ballot. at q stockholders meeting
called for that purpose on the second Mon
day in February of each year Tor the mex
legal day, if that be holiday, after du'
I.notiee given to the stockholders by mail, a
| least fifteen days before the date of sal,
/ boiJ ~ otna7