The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1918-02-16
c H A r T F r
PEYTAvIN PLANTING Co. INC.

United States Of Americn--State of Louisi-!
ana--Parfsh of Orleans.
DE IT KNOWN. that on this 9Th day of
led the month Of January. in the year of oura
Lord one thousand nine hundred and
eishtsen tIslsa. and Of the Independence Of
dred and forty-seeond 14znd1, before me,
Watts Il. Leverirh. ii notary public, duly
commissioned and Qualified il and for the
parish Of urleans. therein residing, and in the
5presence OF the witnesses hereinafter named
and undersigned. personally came and ap-i
psarsa the several perDons whose names are
hsrssnto subseribad. who declared tkat. avail-3
ing themselves Of the provisions Of the laws
81 this state relative to the organization Of
corporations, they have covenanted and
agreed. and do by these presents covenant
agree. bind. form and constitute themselves,
as we'll ne such persons ~ may hereafter
join or become associated with them, into a
corporation and body polite in law, for the
objects and purposes, and under the aRree-
m snts and stipuiaticns following. to-wit:
ARTICLE I.
The name and title of this corporation
shall be PEfTAVIN PLANTING COMPANY.
INC, and under its corporate name it shall
enjoy succession for the full term and period
of ninety mine years freEn and after the date
hereof. and shall have power and authority
to contract, sue and be sued; TO accept and
cations; to make and use corporate seal
and the same to break and alter at pleasure:
to purchase, receive lease, hold, or other
wise acquire and -eef1y well mort
gage and hypotheeate under its corporate
name, property both real and personal and
mixed; to borrow money and make and issue
bonds and other evidences of debt. and to se-
cure the same by mortgage and otherwise: :
to acquire. hold and reissue shares of its
capital stock to name and appoint such man
ayers and directors. officers and agents, as
the interest and convenience of said CORPORA
ton may require: and to make and establish.
a14 nd
by laws, rules and regulations for the man
agement and regulation of the affairs OF the
corporation may be necessary, proper or
convenient.
ARTICLE II.
The domicile OF this corporation shah be in
the parish of Ascension, state of Louisiana.
and all citations or other legal process shall
be served upon amy 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 here
by declared to be: To engage IN all sorts OF
agricultural operations: to hold. own, pur-
chase, 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, coloniZe, develop.
improve and deal in lands Of all sorts, rural
and urban: to raise, market and deal IN live
stock and operate dAires: to build. lease and
operate tramroads, bridges, canals and tele-
phone and telegraph lines, lighting plants.
waterways and other means of Transporter
tion necessary convenient in prpsecuting
the business of the company; to erect build
ings and other structures, and to soperate.
| leane or otherwise handle them and deal
therein to construct and operate commits
saries. boarding-hou hotels, warehouses
and general stores; to make advances for
the cultivation Of lands to develop, produce.
market and deal in minerals; to acquire and
| hold sell, cucumber or dispose OF stocks and
| bonds of other companies to the sxtent per-
mitted by law; to hold stock in other COM
! panies; to exchange it's entire capital stock,
or any part thereof. for property which it is
authorized to acquire. or to exchange its en-
tire assets and business. or any part thereof,
I for property, stocks, bonds, or other obi1a-
tons of other companies; to deal in agricul-
tural commodities Of all kinds; and generally
to do all such acts or things as may be ne
cessary proper or convenient for the ac-
complishment of any OF tbs foregoing objects
and purposes.
Section i. The capital stock Of this cor
poration is hereby fixed at ths sum Of one
| hundred and seventy-fve thousand t$175.-
D00) dollars, divided into seventeen hundred
and fifty t17501 shares Of the par value Of
one hundred 100 dolIars per share. of which
Ave hundred (503) shares shall be preferred
stock and twelve hundred and fifty l250)
share. shall be common stock. The COM
mon stock may be increased to two hundred
and fifty thousand dollars fs250.0081: nc
change to be made in the preferred stock
except by unanimous sonssnt Of the preferred
stockholders.
Section T. The heldsss Of preferred stock
shai be entitled TO receive from the surplus
or net profits of the corporation dividends at
the rate OF seven per cent ca per annum.
and no more. payable on the first day Of
January OF zach year. Dividends on the
arr hN31 hA mis- fr0v,
January /. 1918. and shall have preference
and priority over thu common stock, 40 that
at no time shall any dividend be declared,
set apart for or paid en- the common stock,
unIsss at such time all dividends on the pre-
fkrsd stock Mt the rate OF seven DOR cent "a
Per anauM whieh skal1 have naturea shall