The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-28
CHARTER OF
LANDAICHE COMPANY, INC.


United States of America, State Of Lon.
lslana, Parish of Orleans, City of New
Orleans.
BE it known, That on this 26th day OF
the month OF February, in the year of our
eighteen, and of the Independence of the
| united states of America, the one hum
r. tletchinger, Notary Public, duly com
dred and forty second before me Charles
missiOned. sworn and qualified. in and
for the City, Parish and State aforesaid
| therein residing, and in the presence of
the witnesses hereinafter named and I'M
dersigned; Personally came and appeared .
| the several persons whose names are here
| unto subscribed, who Severally declared
that, availing themselves of the laws of
Ine state OF louisiana in such cases made
ana provided, and particularly Act No.
| 26I OF the General Assembly of the State
| OF Louisiana for the year 1914 relative
TO the organization of corporations, they
nave cOVenanted and agreed and do here
| by covenant and agree to form themselves
/ as well as such persons as may hereafter
| become associated with them or succeed
| them, into a corporation for the objects
and purposes and under the following ar
| tiCleS. tO-wit:
Article 1.-The name of this corporation
! shall be 'Landaiche Company, Inc and
| as such, shall have succession for ninety
nine years, unless sooner dissolved and
shall have power to contract, sue and be
sued; to make and use a corporate seal
ure; to elect and appoint such officers, di-
rectors and agents as the interests of the
corporation may require; and to make all
necessary bylaws, rules and regulations
Tor the management of its affairs, and the
same to alter and amend at pleasure and
generally, to exercise all powers that are
conferred or may hereafter be conferred
on corporations of the same kind and
Article 1.-THE dOmicile of this cor
poratlon shall be in the City of
New Orleans, Parish of Orleans. State
of Louisiana, and all citation or 9th
er legal process shall be served upon the
President, of said corporation and. in the
case OF his absence, upon the Vice PreSi-
dent, and in cases of the absence of both,
upon the Secretary.
Article lll.-The objects and purposes
for which this corporation is organized
and the nature of the business to be car
ried on by it are hereby declared to be:
To plant, cultivate, produce and market
within the State of Louisiana and else
where rice, corn, sugar, farm and planta-
ton products of every nature and descrip-
ton, and to buy, store, sell or otherwise
deal or traffic in the same, either at
wholesale or RETAIL
To hire, lease, purchase, own and oper-
ate farms and plantations, live stock, ma
chinery, boats, cars and other property
necessary or incidental thereto, and. in
connection Herewith, to establish a gen
eral mercantile and planting business in
the State of Louisiana and elsewhere.
To acquire and hold, by purchase, lease |
or otherwise, property, real and personal, |
and to sell, lease, mortgage. pledge or
hypOthecate the same; to borrow money, |
to draw, make and endorse bills of ex- |
change and promiSsOry notes and issue |
bonds; to buy, lease, rent, erect, con- 1
struct, maintain and operate buildings nee
essary or incidental to the business here |
in contemplated.
To sell, assign. transfer, mortgage
pledge or otherwise dispose of bonds or /
other securities or shares of capital stock
nr
whether foreign or domestic, to own |
In any other corporations and to vote the
same, and generally to do any and all
things incidental or relating to the OBJ
jects aforesaid.
Article IV.-The capital stock of this
corporation is hereby fixed at the sum of
Eighty ,one thousand ($s1 100000 Dollars,
to be divided into eight hundred and ten
(S1O) shares of the par value of One hun
1red dollars each. of which three hun
bred and ninety $500 shares shall be pre-
ty t20) shares shall be common stock,
which shall be payable in cash or its
equivalent at the time of subscription or
may be issued at not less than par in
payment of services rendered or property
actually received by the corporation.
The preferred stock shall be entitled to
preferred dividends at the rate of eight
Der cent. per annum on the par value
hereof to be payable out of the net pro-
its which may be realized by the corpor-
ltion, and said dividends shall be cumula-
i've. Il
No dividends shall be declared on the
common stock unless and until all the
cumulative dividends on the preferred
stock shall have been paid. The holders
VI preferred and common stock shall be
rested with the same voting power.
In the event of the liquidation, for any 4,
eason, of the assets of this corporation,
he holders of Preferred Stock shall be
untitled to be paid in full to the extent
# all unpaid accumulated dividends there
IN, together with the par value of their
took, before any holder of common stock {
hall receive any dividend on the same $
rom the assets in liquidation. II
The Board of Directors hereinafter ere {
ted is specially authorized and empow q
red to issue all the preferred stock to J. S
J. Lanaiche and J. c. lie Bourgeois in
xchange for certain real estate in her 5
lille Parish now owned by them, upon I
UGH basis and at such appraisement as
n the judgement of said directors may I
e proper. III
No shareholder of this Company shall Q
I any time offer his stock for sale, either O
or in the open market, without 1
aving previously offered to sell such q
took, at the lowest price he is willing to
ccept therefor, to the other shareholders
{ the Company, by means of written S
addressed to the President 0
nd the Vice-President of the Company,
t the Office of the Company in the City
New Orleans, in the following manner C
D-wit: Such officers upon receipt of such 4
shall at once forthwith in
avs of the date of such offer, a notice v
to each shareholder of the e
ompany, stating the number of shares S
0 offered the price thereof, and call upon e
ach stakeholder to indicate, in writing,
-ithin three days of the receipt of such p
office, how much of said stock, If any, p
e desires to purchase at said price. Z
hould the total number of shares which fl
he various shareholders signify their de- C
ire to purchase in reply to such notice b
Sceed the number of shares offered for
ale, the shares offered shall be distribut c
among the prospective purchasers in a
lch proportion as the number of shares Il
purchase bears to the total number of s
lares for which there are prospective II
urchasers; should the number Of shares
Tered for sale not exceed the number n
lie shareholders signify their desire to a
urchase, the offerer shall be at liberty 7,
} dispose of such excess In such manner n
he shall see fit. @
No transfer of stock shall be binding :
pom the corporation unless made and re- p
)rded upon its books.
The amount to which the capital stock
this corporation may be increased is
ereby fixed at the amount of Two hun
red thousand Dollars GOO, O00.OO). n
Dration shall be vested in and exercised
y a Board of Directors composed of not o.
SIS than three nor more than five share C,
Dlders, and a majority shall constitute a 81
lorum for the transaction of all bust u
ass. Sc
A majority of the Board of Directors IN
'ting at any time, in person or by writ al
n proxy, shall be required to pass any p
solution or adopt any bylaws, which, fe
hen so passed or adopted, shall become h,
lid corporate acts. ri
The Board of Directors shall be elected d,