The Donaldsonville chief., 1918-03-09
I H A R T E R
PEYTAvIN PLANTING CO., INC. :


EE II KNOWN, that on this 18th day OF
n the month of January, in the year Of our
Lord one thousand nine hundred ana
eighteen l1a1s), and of the innefaasi;sc'fc' =
the United States of An!erlca NJ ono hs@f
drad and fcrtyGsecond t142nd}, before me,
Watts K Leverich, a notary public. dc!E
commits ssioned and qualified in and Tor Ihe
parish of Orleans, therein residing ana IN me
presence of the witnesses aefeInafter nainso
and undersigned personally came ana &p-
reared the several persons whose names are
hereunto subscribed, who declared that, avail
ing themselves Of the provisions OF the Jaws
Of this state relative to the organization OF
cor,o yations, they have covenanted ana
AGREED and do by these presents covenant
agree, hind, form and constitute themSeiseS'
as wei such persons as may herea' 'sel
join OF become associated Wi.h thcn}' iiieo
corpora.ion and body polite in law, for the
objects and purposes, and under the agree
ments and stipulations following, to-wlt:
ARTICLE 1.
The name and title of this corporation
shall be PEYTAVIN PLANTING COMPANY
INC. and under it's corporate name 1t snali
enioy succession for the full term and perloo
of ninetvnine years from and after the date
hereof and shall have power and authofity
to contract, and be sued; 70 accept ana
receive mortgages, pledges or ether hypothe
cations; to make and use corporate seai
and the same to break and alter at pleasure
to purchase, receive, lease, hold, or other-
wise acquire and convey, as Well as mort
cage and hypothecate under It's corporate
name property both real and personal anu
rived. to borrow money and make and issue
bonds and other evidences OF debt, and TO Sc
cure the same by mortgage and otherW'se )
TO acquire, hold and reissue shares OF us
capital stock; to name and appoltI sucn man
interest and convenience of said corpora
may require; and to make and establish,
le,l as alter and amend at pleasure, such
hws. rules and regulations for the man
1off
5oration as may be necessary, proper OF
- ARTICLE II.
The donicile of this corporation shall be in
d al or other legal process shall 1a
- any of the officers OF the
u ' ARTICLE III.
4 The objects and purposes for which this
is organized, and the nature OF
the business to be carrlea ON oy ~ ~, ar If
by declared to be: To engage in all sorts OF
AGRICULTURAL operations; to hold, own, pur-
chase. sell, lease. develop and cultivate iands
and to produce thereon crops OF all sorts: TO
operate sugar houses. rice MUS, cotloL = ai,s
and any other factories useful or convenient
in connection with agricultural opefatlohs' ;
to drain, irrigate, reclaim, colonlze, deVelop,
improve and deal in lands of all sorts, furai
and urban; to raise, markes anu ';,i ue 1a.sa and
operate tramroads, bridges, canals ana 1eie-
phone and telegraph lines, lighting piants'
waterways and other means OF tfanspoI.a- :
ton necessary or convenient IN pfoseIu.;,aH l.';,a
the business of the company; to erect oullo-
ipps and other structures. and TO Operate,
lease or otherwise handle them ana oeal
therein: to construct and operate eomIhls
saries, boarding-houses, hoteis' warren, Warehouses ss
and general stores: to make advances 1or
the cultivation of lands: to develop proauce;,
rnarket and deal in minerals; to acqulre1ano
hola, sell, cucumber or dispose OF stocks ana
bonds Of other companies TO the extent syel-
! rnitted by law; to hold stock in other COM
nanies: to exchange its entire capltal stoch'
or any part thereof. for property when II ls
| authorized to acquire, or to excnahse ,.s e
tire assets and business, or any part thereoi' 2
| for property stocks, bonds, or otner oD!isa-
| tions of other companies; to deal IN agrlcut-
| tural commodities of all kinds; ana generaiis
| to do all such acts or things as may De ne e
cessary proper or convenient fof the &c
I complishment Of any of the foregoing objects
and purposes.
Section /, The capital stock of this ~cor-
poration is hereby fixed at the sum o1&Rne
hundred and seventy-five thousand Ri,
OO0} dollars, divided into seventeen huea
and fifty t1750) shares OF the par value. OF
one hundred 81 O0) dollars per share, OF wnlcn
five hundred 5000 shares shall be preferrea
| stock and twelve hundred and fifty ll2eo1
| shares shall be common stock. Inc com,
mon stock may be increased to two hundred
and fifty thousand dollars (S2b0,0OO}; nc
change to be made in the preferred stock
Except BY unanimous consent of the pre1ersso
section D. The holders Of preferred stock
| shall be entitled to receive from the surplus
| or net Profits of the corporation DIVIDENDS at
| the rate of seven per cent t7) per annum
and more. payable on the hrst aay .sa o.
! January of each year. Dividends on the
| said preferred stock shall be cumulative from
| January /, 1918. and shall have preference
and priority over the common stock, SO 1aas
at no time shall any dividend be decl 'd'
set apart for or paid on the common tk'
| unless at such time all dividends on the re
ferred stock at the rate of seven per cent % J
| per annum which shall have matured snaii
| have been declared and paid in full. On the
| first day of January, 1921, ten per cent wv
| 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 each 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 o.
| the said preferred stock will have been re,
i tired Each holder Of preferred stock shall
| have his stock retired proportionately. Attei
the FIRST day of January, 1921. no dividends
| shall be paid on common stock unless the
i current installment due for retiremePt or
| the preferred stock shall have been retired
! | If the corporation desires to retire the pre-
i ferred stock at more rapid rate than here.
! inabove required. it shall have the right
| (though it shall not be bound so to do al
par) provided that III thirty days advance
| notice in writing shall be given to each stock
i holder of intention to make such retirement
| CD each stockholder shall have the sams
proportion of his holdings retired; and t3)
all accrued dividends at the rate of seven pei
cent ca shall be paid in full up to the DAFT
of retirement. Any amounts OF preferred
] stock which the corporation may voiuntarll,
elect to retire shall be credited upon TN
amounts which the corporation is required
to retire in the order in which such retire
/ ments would mature.
| Section s. In the event of any liquidation
dissolution or winding up. whether voiuntar,
i or involuntary, of this corporation. the hold
ers Of the preferred stock shall be paid II
| full by preference over the common stock
4 holders the par value of the preferred stock
Altogether with all accrued unpaid dividends
1t the rate of seven per cent I'D per annun
neEeonss ke such payment to the pre-
- holders of the common stool
- Fan Ns h to recsiye the remaining
Essets ane( gs of the corporation in pro
,ortion to the shares held by them respect
4kyely. ,
Section A. After the payment of dividends
lthe preferred stock, as above set out ant
HI provision as is hereinabove required t.
nade for the retirement Of preferred stock
remaining earnings of the corporation
~ III be available for the payment OF divi
tds to the common stock as the board O.
Fectors may determine.
tVSection 5. The whole or any, portion OF tn
I preferred or common stock OF this corpora
ton may be issued and delivered to any per
son, firm or corporation for the acquisition O
the rights, privileges or property owned O