The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-11
CHARTERS
CHARTER OF CONCESSION PLANTING
COMPANY, INC.

CHARTER OF CONCESSION PLANTING
COMPANY, INC.
United States of America. State of Louis
lana, Parish of Orleans, City of New Or.
leans.
Be it known, that on this thirtieth day
of July, A. D., 1919, before me, VIM. A. Bell
Notary Public duly commis sioned and
qualified, in and for the Parish OF Orleans
State OF Louisiana, aforesaid, and in the
presence of the witnesses hereinafter named
and undersigned, personally came and ap,
peared the several persons whose names are
hereunto subscribed, who declared that they
are of the full age of majority, and that
availing themselves of the provisions of the
laws of the State of Louisiana, relative to
the organization OF corporations, particularly
the provisions of the Act OF the Legislature
of Louisiana being known as Act No. 367
of 1914, they do by these presents, covenant
and agree and bind themselves, as well as
any and all such person persons as may
become hereafter associated with them, in
order to form and constitute a Corporation
or body polite in law, for the purposes and
objects, and under the terms, conditions and
stlpulations following, to-wit:
ARTICLE 1.-The name of this corporation
shall be Concession Planting Company
Inc"
ARTICLE II.-This Corporation shall exist
and have succession for a period of ninety.
nine years from date hereof, unless sooner
liqudated 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 $4,000
and shall be divided into represented by
five hundred shares OF a par value of One Hun.
bred Dollars each. The capital stock may
be increased to S500,0O0O0 under this charter
said increase to be represented by shares OF
stock OF the same par value those just
above provided
ARTICLE IV.-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 employee thereof
over the age of Is years, at the place of bust
ness of the Corporation.
ARTICLE V.-The object and purposes OF
this corporation are hereby declared to be
10 buy, hold, own, lease or acquire and i'm
prove real estate, or all kinds of property.
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 kinds
OF crops and agricultural products and to carry
on 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.
dairy, 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
Plaquemlnes, Louisiana, about u miles below
the City OF New Orleans, together with all
the growing crops thereon, and all imple-
ments, livestock, mules, machinery, tractors.
syphons and pumps, carts, gear, harness,
feed, etc, now located thereon and used on
said plantation.
ARTICLE VI.-All the corporate powers OF
this corporation shall be vested in and ex.
ercised by a Board of Directors, consisting
OF three stockholders of the corporation. This
Board of Directors shall be elected annually
at the stockholders meeting to be held on the
third Friday in January of each year. be
ginning in the year 1920 These Directors
shall Immediately elect from their number a
President, a Nice-Presdent 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 a meeting is held by order of the Presi.
dent, or at the instance of holders and
owners Of more than fifty per cent of the out
standing stock. Ten Q0) days notice to al
stockholders, at their last known address, is
required for all meetings of stockholders. Va
cancles in the Board of Directors shall be
filled for the unexpired tern. by the remain
ing Directors on the Board. Directors may
be represented and vote at any meeting by
written proxy given in favor of any other
Directors on the Board. Stockholders may
vote at all meetings in person or by writer
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. 1920, or until thei1
successors shall have been elected and quail
fled the Board of Directors and Officers o
this corporation shall be: Alfred 0. Hero
Presidents; Roland Russell, Vice President
and George A. Hero. Secretary Treasurer.
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 t
same to purchase such stock for cash at thu
book value thereof, after thirty days writer
notice to the Corporation. No sale or othe
transfer or assignment OF stock in this col
poraiion shall be valid until and unless op
portunity TO purchase such stock has frs
been given in the manner hereinabove pro
vided 10 this corporation.
ARTICLE IX-This corporation shall b.
considered a going concern soon as SIS,
10000 of its capital stock, figured at pa
value shall have been subscribed for an,
paid
ARTICLE N.-The incorporators Of this cor
poration have hereto annexed an accurat
detailed and itemized description of certain
property formerly owned by Alfred o. Hero
Charles o. w. Halsey, Spencer Turner an
Roland Russell, which is to be conveyed t
the corporation in payment of their respective
subscriptions as indicated to the Capita
stock, showing the amount. location, exten
character and value of said property as ap
praised by the Directors of this corporation
and in order that this charter may serve ais
as the original subscription list the sub
scribers hereto have indicated opposite thei
respective signatures the number of share
Of stock subscribed for by each of them.
ARTICLE XI-This corporation shall b
liquidated by three 81 liquidators elected a
meeting OF stockholders held for the pur
pose and called and held according to exist
ing law, which meeting shall fix the term.
and conditions OF such liquidation.
ARTICLE XII.-This corporation may b