The herald., 1920-08-19
CHARTER OF PI-FINNE FEED CO.,
INCORPORATED.

! United States of America. State of Lou
| iSiana, Parish of Orleans, City of New Or
| leans. Be il known. that on this thirteenth
! day of the month of July. in the year of
| our Lord, one thousand nine hundred and
| twenty: Before me, Charles Schneidau, a
| Notary Public, duly commissioned and
| qualified. in and for the Parish of Or
| leans. State of Louisiana therein residing
| matter named and undersigned. personally
| came and appeared the several persons
| whose names are hereunto subscribed, who
declared that, ayailing themselves of the
laws of this State, relative to the organiza-
| tool of corporations. they have covenanted
| and agreed. and do, by these presents COW
| enant, agree, bind, form and constitute
| themselves, as well as such persons as may
| hereafter join or become associated with
| them. into corporation and body polite
| in law. for the objects and purposes and
| under the agreements and stipulations fol-
| lowing, tO-wit:
| ARTICLE 1.-The name and title of this
| corporation shall be "Pi-Finne Feed Co.,
| Incorporated" and under its corporate
| name IL shall enjoy succession for the full
| term of ninety nine years from and after
| the date hereof; it shall have the power
and authority to contract, sue and be
sued, and make and use a corporate seal.
| the same to break and alter at pleasure !;
! to hold, purchase, lease. sell. mortgage.
hyPothecate, or pledge property. real. per
Sonal or mixed, necessary, incidental or
proper for the carrying on of its business :;
notes, bonds and other evidences of in
debtedness therefor, and to secure the
same by mortgage or otherwise; to hold
stock in other corporations; to name and
appoint such managers and directors
officers and agents as the interest and
convenience of said corporation may re-
quire; to make and establish, as well as
alter and amend. at pleasure. such by
laws, rules and regulations for the man
agement and regulation of the affairs of
the corporation as may be necessary,
proper or convenient.
ARTICLE 1.-THE domicile Of this cor
poration shall be in the City of New Or
leans, Parish of Orleans, State of Louisi-
ana, and all citations or other legal pro-
cess shall be served upon any of the
officers of the corporation.
ARTICLE III.-The objects and pur-
poses for which this corporation is organ
lied, and the nature of the business to be
conducted by it, are hereby declared to be:
list. To purchase the patent rights for
machine to dry hay and other food prod
ucts; to manufacture, sell. lease and oper-
ate, or to permit the manufacture, sale,
lease and operation of said patented ma
chimes on royalty basis or otherwise.
End. To buy, lease, own and operate
plantations, for the purpose of growing
paille finne hay and other food products.
and to erect, own, lease and operate fac
tories to manufacture paille finne hay in
combination with other substances into
food for stock.
3rd. To hold, purchase, lease, SELL mort
gage, HEpotneCdte or ple0ge property, real,
personal or mixed; to borrow money and
make and issue notes, bonds and other
evidences of Indebtedness therefor and to
secure the same by mortgage or otherwise;
and to buy and sell stock and bonds.
ARTICLE 1V.-The capital stock of this
corporation shall be fixed at the sum of
two hundred and fifty thousand dollars
CS25O, 100000, which shall be divided into
two classes of stock, known as preferred
stock and common stock.
OF the total capital stock one hundred
OOOOO) shall be classed as preferred stock.
divided into and represented by twelve
hundred and fifty 12J0) shares of the par
value of one hundred dollars (S10000) each,
to be paid for in cash or its equivalent in
property.
The preferred stock of this company
shall be entitled to dividends at the rate
of eight per cent $50 per annum, which
dividends shall be paid by preference and
be cumulative. The dividends upon said
preferred stock accruing in any one year
together with all the accumulatiOns of div
idends or parts thereof remaining unpaid
from preceding years, shall be paid in full
before any dividends whatever shall be
paid on the common stock.
After the payment of the dividends due
on the preferred stock, as above provided
in any one year, the remainder of the net
earnings OF the company, after the Board
of Directors, in their discretion, shall have
provided for any surplus to be set aside,
shall be applied to payment of dividends
upon the common stock of this company,
then outstanding, not to exceed eight per
cent tS%l on such common stock, before
further distribution; aid after eight per
cent (S%) shall have been paid on the