The Donaldsonville chief., 1918-03-09
c H a r E R
PALo ALTO COMPANY, INC.

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PALo ALTO COMPANY, INC.
United States of Anerica-State of Louisi-
ana-Parish of Ascension
DE IT KNOWN that on this 3oth day Of
I'D the month of January, in the year Of our
Lord one thousand nine hundred and
eighteen tl9IS1. and of the Independence OF
the United States III America the one hun
Walter Lemann. u notary public. duly COM
missioned and qualified III and for the par
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. ayailing themselves OF the laws OF
this state relative tai the organization OF
agreed, and do by these presents covenant,
agree bind form and constitute themselves.
as well as such persons as may hereafter
Join or become associated with them. into a
objecta1and purposes md Under the agree
ments Ynd stipuIations following Sto-wit
ARTICLE I.
The name and title Of this corporation
shall be PALO ALTO COMPANY, INC, and
under its corporate name II shall enjoy sue
cession for the full term and period of
ninety-nine ( g9) ears from and after the
date hereof, and shall have power and au-
thority to CONTRACT, sue and be sued; to
accept and receive mort rtgages, pledges or
ether hypothe heca ticrls to make and use a
s e assak isass aaa
hold, OF otherwis acduire and convey. as.
well as mortgage ana hy ypothecate under its
corporate name, property both real and per-
EsonaI and mixed to 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
tions: to acquire. hold and reissue shares
of it's capital stock 10 join or consolidate
with and enter into agreements and COS
operative relations not in contrayention OF
law, VI Dh any persen or personsO firms, as
sociations or eorporations, governmental
municipal sor otherWises IN and about the
CARVING on and accompiishment 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
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 neees-
aary, proper or convenient.
ARTICLE II.
The domicile of this corporation shall be
in the parish of Ascension, state of Louisl-
ana, and all citations or other legal process
shall be served upon any Of the officers OF
the corporation
" 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,
lands and to produce thereon crops Of ri
sorts: to operate sugar houses, rice mills.
cotton gins, and any other factories useful
or convenient IN come ction with agricultral
operations; to drain, irrigate. reclaim and
coonize, develop and improve lands; to buy,
sell, deal in. mortgage and rent real estate
of all sorts, improved and unimproyed, rural
and urban to raise market and deal in live
stock; to build, lease and operate trnmrOads,
bridges. canals and telephone and telegraph
lines lighting plants, waterways and other
means of transportation necessary or con-
venient in presenting 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 con1missaries, boarding houses.
hotels, warehouses and general stores: to
deli in merchandise Of ali sorts, eboth ut
wholesale and retail to operate dairies: to
make advances for the cultivation of lands |;
to develop. produce. market and deal in min
erals; to acauirl and hold, sell, cucumber
dispose of Stocks and bonds Of other
companies. to the extent permitted by law !;
to hold stock ii other companies: to ex-
change it's entire capital stock, or any part
thereof, for property which it is authorized
to acquire, or to exchange its entire assets
and business. or any part thereof, for prop
erty, stocks, bonds or other obligations of
other companies to deal in agricultural COM
modties 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.
ARTICLE ".
The capital stock Of this c0rporation is
hereby fixed at the sum Of three hundred
thousand ts3O0.0001 dollars, divided into
three hundred (300l shares of the par value
Of one hundred f$I00) dollars per share
The amount Of stock may be increased to
The whole or any portion of said stock may
be issued and delivered to any person. firm
or corporation for the acquisition of the
rights, privileges or property owned or con-
troled by such person, firm or corporation,
for the fair value thereof as appraised by
the board of directors: and the board of di-
rectors hereinafter created is specially au-
thori2ed to issue and dispose of the stock
for any and all purposes as in it's Judgment
may seem. fair and proper.
ARTICLE ".
All the powers of this corporation shall be
vested in and exercised by board composed
of not less than three t3l nor more than
of directors within said limit shall be fixed
by the vote of the stockholders at the annual
meeting, or at a special meeting called for
that purpose Said board Of directors shall
be elected annually By ballot, at stock khoid-
ers' meeting called for that purpose on the
the next legal day. that be a holiday. af-
ter due notice given to the stockholders by
mail at least fifteen days before the date Of
said meeting. Each holder of stock shall be
entitled to one vote for each share of stock
standing in his name on the books of the
pnTe In Sha-c ct in nr