The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1918-02-09


and he same to break and alter at pleasure;
to purchase, receive, lease, hold, or other
wise acquire and convey, as we'll as mort
gage and hypothecate 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
secure the same by mortgage and other
wise; to name and appoint such managers
and directors, officers and agents, as the
interest and convenience of said corporation
may require; and to make and establish,
we'll as alter and amend at pleasure. such
bylaws. rules and regulations for the man
agenent and regulation of the affairs of the
corporation as may be necessary. proper or
Convenient.
ARTICLE II. 2.
The domici.e of this corporation shall be
In the parish Of Ascension state of Loulsi-
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 here
by declared to be: TO engage in all sorts
of agricultural operations; to hold, own, pur-
cha e, 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 con-
venent in connection with agricultural OPP
erations; to %sin. irrigate. Mpreclaim and
raise. market and deal in live stock and
operate dairies; to build. lease and operate
trari roads. bridges, canals and telephone
and telegraph lines. lighting plants. water
ways and other means of transportation
necessary convenient in prosecuting the
bus ness of the company; to erect buildings
and other structures, and to operate, lease
or otherwise handle them and deal therein /;
to construct and operate commissaries,
boarding houses. 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 dispose of stocks
and bonds of other companies to the extent
permitted by law: to hold stock in other
con. :.anies; to exchange its entire capital
stock, any part thereof, for property
which it is authorized to acquire, or to
exchange Its ent;re assets and business, or
any part thereof. for property, stocks. bonds.
or other obligations of other companies; to
dea! in agricultural commodities of all kinds !;
and generally to do all such acts or things
as nay be necessary, proper or convenient
for The accomplishment of any of the fore
going objects and purposes.
ARTICLE ".
The capital stock of this corporation is
hereby fixed at the sum of two hundred
thousaHu~. % 90. 000) dollars. dividsss7into two
thousand 10000 shares of the par value
This stock may be increased to the sum Of
Eve hundred thousand t$5o0,oo0) dollars.
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
directors hereinafter created is specially au-
thorized to issue and dispose of the stock for
any and all purposes assin its judgment may
seem fair and proper.
ARTICLE v
All the powers Of this corporation shall be
vested in and exercised by a board COM
posed of not less than three nor more than
five directors. The precise number Of di-
rectors 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 boardsof directors shall
be elected annually by ballot. at stock
holders meeting called for that purpose on
the second Monday in February Of each year
Cor the next legal day. IL that be holiday,
after 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 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-
reetors shall have the power to I'LL all va
caneies which may occur or in any manner
arise OF be created on the board. even
though no quorum remain at the time such
vacancies are to be filled. Failure to elect
directors on the day above specified shall
not dissolve the corporation, but the di-
rectors then in Office shall remain in office
until their successors are elected and qualify.
The board shall elect from their number a
president, vice president and secretary;
provided that the board may dispense with
any of said Offices and or may combine any
of ther,. and or may elect such other officers
as they think proper or convenient Cor 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-
cial. of said absent director. The board of
directors shall have authority to make and
bylaws, g9ales and regulations neesssary 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 bor-
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. or
until their duly qualified successors are elect
h a eu 81 Mnsr faroann nostoff;ca ad-
dress Donaldsonville Louisiana: Percy A.
Lenaann. postotfice address Donaidsonvilie,
Louisiana; and Leo Fellman. postoHlce ad-
Ore % si6 barohne street, new orleans Lou
isiana Of the foregoing, Myer Lemann
shall be president and Percy A. Lemann,
vice Notwithstanding.
ARTICLE VI.
This act of ;neornorat;on NAV be chanyed
modified ~ smendad m III. cornorat;on dis.
solved by a vote of two thirds Of the entire
capital stock present or represented at
veporaI n,eatn0 of she stock holders con.