The Donaldsonville chief., 1918-03-09

by declared to be: To engage in all sorts
of agricultural operations: to hold own, pur-
chase. sell. lease, develop and cultivate lands
| aad to produce thereon crops of all sorts !;
| to operate sugar houses, rice mills, cotton
gins, and any other factories useful or con-
venient in connection with agricultural op-
erations: to drain, irrigate, reclaim and
colonize. develop and improve lands; to
raise. enarket and deal in live Stock and
operate dairies; to build. lease and operate
traRa roads. bridges, canals and telephone
and telegraph lines, lighting plants, water
ways and ether means of transportation
necessary or convenient in prosecuting the
business of the company; to erect buildings
and other structures, and to operate, lease.
or otherwise handle them and deal thereinH
TO construct and operate commissari
boarding houses, hotels, warehouses
genera! stores; to make advances for
cultivation of lands; to develop, prodS
market and deal in minerals; to acquire a31
hold. sell, cucumber dispose of stoc
and bonds of other companies to the eztel
permitted by law; to hold stock in othe&
companies; to exchange its entire capital
stock, or any i. part thereof, for property
which it is authorized to acquire, or to
exchange it's entire assets and business, or
any part thereof. for property, stocks, bonds,
or other obligations of other companies: to
dsal in agricultural commodities 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 fore
gong objects and purposes.
ARTICLE Nv.
The capital stock of this corporation is
hereby fixed at the sum Of two hundred
thousand (s2o0, 0,ooo) dollars. divided into two
thousand (2000) shares of the par value
of one hundred tsl00) dollars per share.
I This stock may be increased to the sum OF
FIVE hundred thousand (s500,Ooo) dollars.
/ be issued and delivered to any person, firm
| or corporation for the acquisition of the
rights. privileges or property owned or con-
trolled by such person. firm or corporation
for the fair value thereof as appraised by
the board of directors; and the board of
directors hereinafter created is specially au-
thorized to issue and dispose of the stock for
! any and all purposes as in it's judgment may
I seem fair and proper.
ARTICLE ".
/ All the powers of this corporation shall be
vested in and exercised by a board COM
posed Of not less than three more than
/ five directors. The precise number of di-
reetors within said limit shall be fixed by
the vote of the stockholders at the annual
meeting, at special meeting called for
that purpose. Said board of directors shall
| be elected annually by ballot. at stock
holders meeting called for that purpose on
the second Monday IN February Of each year
| Tor the next legal day. If that be a holiday,
| after due notice given to the stockholders
by mail, at least fifteen days before the
l date of said meeting. Each holder of stock
4
1 of stock standing in his name the books
of the company. said vote to be cast in per-
| son or by proxy, and the majority OF the
votes cast shall elect. The board of di-
| eaneies ] which n may oeear q n any manner
i arise or be created on the board. even
though no quorum remain at the time such
/ vacancies are to be filled. Failure to elect
4 directors the day above specified shall
1 not dissolve the corporation. but the d.
| rectors then in office shall remain in office
until their successors are elected and qualify.
i The board shall elect from their number a
| provided. that the board may dispense with
1 any of said offices and or may combine any
of them, and or may elect such other officers
/ as they think proper or convenient for the
carrying on of the company's business. and
| they shall fix the salaries of all officers,
agents and employees. At any meeting OF
the board Of directors, any director absent
| from the meeting may be represented by
any other director, who may cast the vote
of the absent director according to the
| written instructions. either general or spe-
| cal of said absent director. The board OF
directors shall have authority to make and
| establish, well as alter and amend all
| by laws, rules and regulations necessary and
proper for the support and management OF
/ the business and affairs of the corporation
| and not inconsistent with this charter; and
they shall have power to authorize the DOR
| rowing of money and the issuance OF notes
| and the execution of mortgages and pledges
| and generally to do all things necessary or
| convenient for the proper carrying on OF the
business of the corporation.
| Until the general meeting of the stock
| holders for. election of directors to be held
| on the second Monday of February, 1919, OF
until their duly qualified successors are elect.
ed and installed, the board OF directors shai
| be composed of Myer Lemann, postoffice ad.
4 dress Donaldsonville, Louisiana; Percy A.
| Lemann. postoffice address Donaldsonville
4 Louisiana; and Leo Fellman postoffice ad-
I dress 315 Baronne street, New Orleans. Lou
isiana. OF the, foregoing, Myer Lemanr
| shall be president, and Percy A. Lemsnn
| vice president-secretary.
i ARTICLE vi.
This act of incorporation may be changed
| modified or amended, or the corporation dis
] solved by vote of two-thirds of the entire
\ capital stock present or represented at
Z vened for such purpose, after previqt
notice shall have been given in the mani
n abeve required to be given of the ann
Injecting of the corporation.
ARTICLE VII.
| If this corporation shall be dissolved, eth
| by limitation from any other cause, i'll
. affairs shall be Hquidated by, three commits
sioners to be appointed at the meeting o1
stockholders convened for the purpose Of
liquidation, and to be elected by the vote Of
all the stockholders voting upon parity
Said liquidators shall remain in office unit
J the affairs of said corporation shall have
been FULLY settled and liquidated,@and they
shall have full power and authority tt
transfer and give title to all the propert,
and assets of the corporation. and to dis
tribute the proceeds. In case OF death. dis
ability or resignation Of one or more IL
auidators, the vacancy shall be filed by thu
survivor survivors.
ARTICLE VIII.
No stockholder shall ever be held liable
4 or responsible for the contracts or faults
of said corporation in any further sum thar
the unpaid balance due on the shares o
formality in organization have the etfec
Of rendering this charter null, or OF ex
Lpesing any stockholder to any liability be-
@ond the amount due on his stock. n
u In order that this charter may ser'& al
the original subscription list, the subscrsoers
hereto have indicated opposite their re
spective signatures the number OF shares
Of stock subscribed for by each Of them
Thus done and passed at my office. a
Donaldsonville. Louisiana, on the day
month and year first above written, IN tn'
presence of ]. E. Blum and F. b. Lemann
scribed their names. together with me
notary, and the said appearers, after du'
reading of the whole.
(Original signed.}
| tNAMEs OF SUBSCRIBERS OMITTED.
Witnesses
J. E. BLUM.
i F. B. LEM ANN.
I.sj WALTER LEMANN.
Notary Public.
State of Louisiana. Parish of Ascension
1 do hereby certify the above and foregoing
i to be duly Recorded in BookGof Charters No
In faith whereof. witness my hand ant
/ seal of office at Donaldsonville, La, this 3ls
day Of January. 1918. ..n