The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-04
CHARTERS
CHARTER OF CONCESSION PLANTING
COMPANY, INC.

COMPANY, INC.
United States of America, State of Louis
lana, Parish OF Orleans, City OF New Or
| leans.
BE it known, that on this thfrtieth da,
OF July, A. D., 1919, before me, Vim. A. Bell
| a Notary Public, duly commissioned an,
| qualified, in and for the Parish of Orleans
State OF Louisiana, aforesaid, and in TIT
and undersigned, personally came and ap
peared the several persons whose names ar,
| hereunto subscribed, who declared that they
are OF the full age of majority, and tha
| aVdihhg themselves OF the provisions of the
| laws OF the State of Louisiana, relative t
| the organization OF corporations, particularly
| the provisions of the Act of the Legislature
| OF Louisiana being known as Act No. 2oz
OF l9I+ they do by these presents, covenant
| and agree and bind themselves as well a.
any and all such person or persons as NAV
| become hereafter associated with them. II
| order 10 form and constitute a Corporation
| or body polite IN law, for the purposes and
objects, and under the terms, conditions and
supulauons following, to-w!t:
| ARTICLE 1.-The name of this corporation
| Inc"
! ARTICLE 1I-This Corporation shall exist
ana have succession for a period of ninety.
nine years from date hereof, unless sooner
Iiquldated or dissolved according TO law
ARTICLE III.-The capital stock of thi
corporation shall consist of common stock
only, and same is hereby fixed at $5O.OJO
and shall be divided into or represented by
five hundred shares of a par value of One Hun.
dred Dollars each. The capital stock NAV
be increased TO 100000 under tins charter
SAID increase to be represented by shares OF
STOCK OF the same par value as those lust
above provided.
ARTICLE IN.-The domicile Of this cor
poration shall be in the City of New Orleans.
louisiana. Service of process may be made
upon any officer OF the Corporation, or in
their absence, upon any emplovee thereof
over the age of is years, at the place of brsi
ness OF the Corporation.
ARTICLE V.-The object and purposes Of
TINS corporation are hereby declared to be:
10 buy, hold, own, lease acquire and i'm
prove real estate, or all kinds of pronertv
real, personal or mixed; and TO sell rent
mortgage and hypothecate and exchange. or
otherwise dispose of all property of every
nature and kind; and to engage in the
planting, cultivation and sale of all kind
OF crops and agricultural products and to carry
on a general agricultural business; to buy
sell, barter and exchange cattle and live
stock and to conduct a cattle and livestock
business IN all its branches; including,
garry, poultry, and general farm products
and to these ends, to acquire the holdings Of
the present owners OF the plantation known
as Concession Plantation in the Parish of
FIaqlemines, louisiana, about II miles below
inc inc lily OF New Orleans, together with all
the growing crops thereon, and all nipple
ments, live stock, mules, machinery. tractors
syphons and pumps, carts, gear harness
iced, etc, now located thereon and used ON
said plantation.
ARTICLE V1-Al the corporate powers of
this corporation shall be vested in and ex
ercised by Board of Directors, consisting
three CtCCEhpl1ars Of f,. NJ
Board OF Directors shall be elected annually
az the stockholders meeting to be held on the
third Friday in January of each year. be.
ginning IN the year 1920. These Directors
snail Immediately elect from their number
PRESIDENT, a Nice-President and Secretary
treasurer Directors and officers shall hold
office until the next annual meeting follow
ing their election, and until their successors
are elected and qualified. If no Annual
meeting IS held in any year. the incumbent
directors and officers shall hold over until
such meeting is held by order of the Pres.
dent, or at the instance of holders and
owners OF more than fifty per cent of the out
standing stock. Ten QO DAYS notice TO all
stockholders, at their last known address. is
required tor all meetings of stockholders Va
cancles in the Board of Directors shall be
titled for the unexpired term by the remain.
ing Directors on the Board. Directors NAV
be represented and vote at any meeting b.
written proxy given in favor of any other
Directors on the Board Stockholders NAV
vote at all meetings in person or by written
proxy. AT all stockholders meetings, the
vote OF a majority of outstanding stock shall
prevail, except where otherwise required by
law.
ARTICLE VII.-Until the annual meeting
and election in January, 1870, or until their
successors shall have been elected and quail
fled the Board of Directors and Officers of
this corporation shall be: Alfred O. Hero,
President; Roland Russell Vice. President;
an A 'T-a.
ARTICLE VIII.-No stock of this corpora
ton shall ever be sold, transferred or assign
ed by any stakeholder without first offering
said stock to the corporation. with option to
same to purchase such stock for cash at the
book value thereof. after thirty days written
notice TO the Corporation. No sale other
transfer or assignment of stock in this cor
poration shall be valid until and unless op-
portunty to purchase such stock has first
been given in the manner hereinabove pro
vided 10 this corporation.
ARTICLE IX-Tms corporation shall be
considered a going concern as soon as SIS.
10000 of its capital stock. figured at par
value shall have been subscribed for and
paid.
ARTICLE N-The incorrorators of this cor
poration have hereto annexed an accurate
detailed and itemized description OF certain
property formerly owned by Alfred O. Hero
Charles o. W Halsey, Spencer Turner and
Roland Russell, which is to be conveyed 10
the corporation in payment of their respective
subscriptions as indicated TO the Capital
stock, showing the amount. location. extent
character and value of said property as ap-
praised by the Directors of this corporation,
and in order that this charter may serve also
as the original subscription list, the sub
scribers hereto have indicated opposite their
respective signatures the number of shares
OF stock subscribed for by each of them.
ARTICLE N.-This corporation shall be
llquIdated by three 81 liquidators elected al
meeting Of stockholders held for the pur-
pose and called and held according to exist
ing law, which meeting shall fix the terms
and conditions of such liquidation.
ARTICI Z NII-Th;. oo-,.-a.:... -. l.