The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-22
CHARTER.
FARM AND INDUSTRIAL
pfER ", EMENT CO., INC.

rs,ed s'aI'1N View Orleans. Be Il knoW W.
y CITY Oh tweutieth (2Jthl Day OF Ine
On tbs in the year o, our Lord; , one
h Of MAJ hundred and nineteen 1 4lyly,.
s~rrd nrigs e J. Rivet' a E-,afS ruo-i pa
s.iss &c, :a.;oned and qu2..i!ea IN anu
81 s'psrsh of Orleans S'@ AZ. VI o;,n r,ya
De n the presence o. ,..n n r,srs
- az %, named and upuE' sa - persons
<, csne snu apF hereunto subscribed. VINO
~ nsnes .vailing themselves Of the
EJ,vd, ina. laws Of the State OF LOUIS
/ esIssns Of w the formation OF corpora,
y. elstFe " narticnlarly Of Act 4o| OF
and more ppbiv of the State Of LOUIS,
Z. (enefai A ssr 1914, they have coFenanled
"a 10 TIE "a do by these presents cove,
a ,rtea' Cd hind thems=lyts IS wen
-. agree nersons as may hereafter pc
:. scb ONE with them, 20 constitute ana
~ ASSOCIATION and body p9!:ue IN law
ga fClp rs and purposes ana u.i;lel NV
+ ts ,, sHi and stipulation ''-''" ms
sf.r,crE 1.-The name and "a" Ga5 Z, Ti
Hlh shall be Farm an. ~. rorno-sfe
ssss1t Co., Inc, ana - 1y - srrccssion for
\ = saan stv-nine 90 year, and shau
wscd Of mn nn',,borities generally vested IN
- al INC aJsr the law, and, more par
sspfations nn sH he authorized to contract;
salsfly, SID to male and use cor,
= and be SUE r,,ke and issue bonds and
.s1r seal; ~, and lend money; TO ac
-; 70 pOb nv grant, gift purchase deVlse
&c pfaPeiv, - sell, mortgage, piedge', lease
: kqussi, rroperty in any OF us FORMS,
a rsnsie, cents, clerks. suPeHntenaents
srsloy employees as the interest -, o. Tn, ane
n o'hsf .y REQUIRE; to make bylaws:
arpsay EQUATIONS for the mardse'.e',r "
ne a Y, and to possess az! .hS ~ cn-,
y u and intended to De S aaIor % carry
f.;ss. in general ana ~ Of lis organi.
r's &c objects and purposes Of It's 0'SA"',
rssa 1.-THE domicile Of this cor
MfkLI n he in the City of New Or
sstca sns AZ Orleans, State OF LOUISIANA,
hnt fs .s,;ons or other legal process shalI
ii u s'As on ;ts President, or in MS ADJ
nnon its Vice-Pres!dent' ,,,-,oses
ess uPyrr III-The objects and purposes
HihL.s H. corporation is formed ana the
n shiea ~, -. business to be carried on oy
4 rrre o. ~ declared to be: To buy sell
80 49, .,oe store, repair, manufacture
k,R tas.;se deal in tractors, trucks, motor
pt ~. farm implements OF all desct lP'ionSi
r,'e H. carts, equipments accessories 81 Snu
sa ,.sn.nces; to operate gaIasss, IL
"a III gasoline, ~, r. engage in
d Oh 80 80 capable Of being conveniently
~ easihe Connection with the foregoing
pnsa I. directly or indirectly, to en-
s.,,e or render more protitaDle
- oronerty or rights and interests
n lns a,st;on' And generally, to do
! n1n n things appertaining to, growing
~ ana - anv way related TO the nature
o. t,resaid objects and purposes,
kxTT TV-The capital stock OF TINS
AI ME-, IL hereby fixed at the sum OF
/ Mga.m sa,..nd Dollars (s5O0OoW, divided
bV rscsesented by five thousand I5OoOl
y A. oar value OF ten dollars i$lo.oo'
"A M said five thousand shares twenty
g hsudred shares amounting 10 NGntS
~ ,sOusand dollars (S29'ooO.oo) snali ue
~.I,red stock; and the other .Men.y -f f,.
80 shares amounting to twenty-llve
dollars Cs25.6OO0O) shall be com,
u s.a,t The holders of the preferred
Isu n. entitled to receive, when and
1900 from the surplus or, net pro
2 = he corporation, yearly dividends at
=. AZ twelve per centum per annum,
a. rnnthly, or quarterly, or yearly as
Ss,,d N directors may decide. The
i,sS. an the peferred stock shall be
.i.s,e and shall be payable before
"a E.;d.nd on the common stock shall be
"a = al apart; so that, If in any year
E:s.ras amounting to twelve per centum
;.1 al have been paid on said preferred
- the deficiency shall be payable before
- dividends shall be paid on or SET apart
" - eorynon stock Whenever all cumulas
d,v;dends on the preferred stock for
{ 4 s,visus years shall have been declared,
"A AN have become payable, and the &C,
- d;v;dends for the current year snail
- hen declared and the company shall
. r,;d such cumulative dividends Tor
~.~~,s wears. and such accrued dividends,
2 Ar have set aside from its surplus or
z. ,rafts sun, sufficient for the payment
$3.50 ne Board of Directors may declare
1900 on the common stock, payable then
: AeIe,fter, out of any remaining surplus
: ~ xofits. In the event of any hqui-
hfioa Of dissolution or winding up (whether
viurtzry or Involuntary of the corporation
3 hlders Of the preferred stock shall be
misled 10 be paid and receive, in tull'
~ a. mar amount Of their shares and the
md dividends accrued thereon, the re-
m;a;nr assets and funds shall be divided
= paid to the holders of the common stock
nunirtionately, according to their respec-
~ shares.. The capital stock of this cor
mzl;pa NAV be increased TO One Hundred
h,1and Dollars (Si00,OO000). No transfer
~ suck Of this corporation shall be ad-
~ q held valid or binding, so far as
~ roporation is concerned, unless made
~ Is books This corporation may,
y / hereby reserves the right, to purchase,
Z hhnI retire and cancel any and all or all
- Aen outstanding preferred stock OF
= upuration al any time after January
y 10 In such amounts from time to time
y b such manner as the Board OF Diree-
- nay determine, by paying TO the re-
4 III Il H.
h &positiug to the order of said holders
4 office Of this corporation, sum or
~ equal to the par value of the preferred
~ % retired plus five per cent OF the
~ thereof, together with all accumulated
~ nnpaid dividends thereon, il any. In
~ 4 such deposit written notice thereof
- forthwith be given TO the respective
No 81 the stock SO retired, redeemed,
Iuthssed. or cancelled. by mailing such
no b such holders at their last known
~ d business or residence, and as II
80 y the corporate records.
&HIcLE V.-No stakeholder shall ever
nd personally liable for the faults or
1a,tfs Of this corporation in any fur
- nm than the unpaid balance due to
separation on the shares of stock owned
sabscribed for by him, nor shall any
~ informality in this act Of Incorporation
ne effect Of rendering it null, or OF
ing any stakeholder to any personal
ably beyond the unpaid balance due for
\ stock.
<MIlCLE Vf-Ali the corporate powers OF
eperstiou, not reserved by law to the
neiders shall be vested in and exer-
by Board Of Directors to be COM
It not less than three nor more than
nockhoders holding common stock; a
laq Of said directors shall constitute a
5.s g transact business. The directors
elected annually by ballot by the
4 ;. 49, e. the common stock, at meeting
80 Tor that purpose after fifteen days
S notice TO each stakeholder mailed
lsss address shown on the books of
!. "a paration. The preferred stock shall
= voting power.
~ esecsors at their first meeting and at
E su9uAi meeting thereafter shall elect
~. ueg number President, Vice-Presi-
: Secretary and a Treasurer, which
Me named offices, however, may be
'.s g q the pleasure of the Board The
mn meeting for the election of directors
acid on the third Tuesday in
~ each year. and until the meeting
= 80 IN 1870 the following shall serve
of ~.