This act was signed on April 29th, 1627, and the letters patent ratifying the articles were signed on May 6th, 1628. The letters patent also ratified some other provisions made on May 7th, 1627, namely:--(1.) A capital of three hundred thousand livres, by instalments of three thousand livres each. (2.) The society to adopt the name of the Campagnie de la Nouvelle France. (3.) The management of the company to be conducted through twelve directors, with full powers to name officers, to distribute lands, establish factors or clerks, to conduct trade and dispose of the joint-stock. Of these twelve directors six were obliged to live in Paris. The names of the twelve directors who were elected are here given:--Simon Alix, councillor and king's secretary; Pierre Aubert, councillor and king's secretary; Thomas Bonneau, Sieur du Plessis; Pierre Robineau, treasurer of cavalry; Raoul L'Huillier, merchant of Paris; Barthelemy Quentin, merchant of Paris; Jean Tuffet, merchant of Bordeaux; Gabriel Lattaignant, formerly mayor of Calais; Jean Rozee, merchant of Rouen; Simon Lemaistre, merchant of Rouen; Louis Houeel, comptroller of saltworks at Brouage; Bonaventure Quentin, Sieur de Richebourg. These directors were elected for a term of two years, and six of them had to be replaced at each election. The first term of office expired on December 31st, 1629. The election was held in Paris at the house of the intendant, Jean de Lauzon, king's councillor, master of requests and president of the Grand Council. Cardinal Richelieu and the Duke d'Effiat headed the list of the Hundred Associates. We find also the name of Samuel Champlain, captain of the king's marine, of Isaac de Razilly, chevalier de St. Jean de Jerusalem, Sebastien Cramoisy, the famous printer; Francois de Re, Sieur Gand, and many important merchants of Paris, Rouen, Calais, Dieppe, Bordeaux, Lyons, Bayonne, and Havre de Grace. This association was formed under auspicious circumstances; its members possessed wealth and influence, and they were certainly in a position to remove the difficulties which had hindered the growth of New France from its foundation.[26] While these transactions were in progress Champlain was living at Quebec in want of even the necessaries of life. For the past two years Champlain had established a farm for raising cattle at the foot of Cape Tourmente. Some farm buildings and dwellings for the men were erected there, and Champlain visited the place every summer to see that the work was properly carried on. The Recollets had a chapel there in which they said mass from time to time. In 1628 this establishment was in a flourishing condition, and Champlain believed it would ultimately prove of great value to the inhabitants. The colony in the meantime had to rely upon the mother country for provisions, and for flour which could not be produced in Canada.