The herald. [volume] (New Orleans, La.) 1905-1953, 1911-11-09
DEALER IN THE choIcEsT
St. Johns Market.

processes shall be served upon the president
OF said corporation, or in the event of his
absence upon the vice-presdent or acting
president thereof and in the absence of
both OF said officers, upon the secretary OF
ARTICLE III.
The objects and purposes for which this
corporation Is established. and the nature
Of the business 10 be carried on by it are
declared and specified 10 be TO buy and sell
chice in its various forms. TO buy, sell or
manufacture chicle products or by-prOducts,
to own. lease or operate chicle groves or
forests and any or all appurtenances per-
tanning to the extraction, cleaning, drying
or manufacture OF chicle, its products or by
products. To buy, sell or manufacture can
dies and all that pertains thereto and gen
orally to do all acts and to make all con-
tracts necessary, convenient or in any man.
ner appropriate for the carrying on of said
business.
ARTICLE w.
The capital stock of said corporation is
hereby fixed at fifty thousand $50, OO0Ol
dollars. divided into or represented by fifty
thousand (50,000) shares Of one (S1.O0)
dollar each.
The whole OF said STOCK or such part
thereof as may be necessary, may be issued
for the assignment and transfer TO this
corporation for any formula or formulas
or recipe or recipes also in payment, settle
ment and adjustment of the costs, fees
for services rendered in the formation and
organization Of this corporation: likewise
for cash or in settlement Of such amounts
and at such times as the board Of directors
may determine.
The board hereinafter created is especially
authorized TO dispose of the stock for any
and all of the purposes above stated, as In
its judgment seems fair and proper.
ARTICLE V.
All the powers of said corporation shall
be vested in and exercised by a board of
directors to be composed of not less than
five 90 nor more than seven "a stock
holders, to be elected annually on the sec
ond Monday in December in each year. All
such elections shall be by ballot and con-
der the SUPPLEMENTARY of two (2) COM
miSSiOners appointed by the board of direc-
tors. or shall it fail to act, by the presi-
dent. and of such elections as we'll as Of all
meetings of stockholders. except for the pur-
pose of liquidation or dissolution or as 9TH
erwise required by law. notice shall be given
by publication for not more than ten and
not less than seven consecutive days prior
to and including the date of such election,
in one or more newspapers published in the
city Of New Orleans. Each stakeholder
shall be entitled to one vote for each share
of stock standing In his name on the books
Of the company to be cast in person or by
proxy, and the majority of the votes cast
shall elect The board of directors shall
have the power to fill all vacancies that may
occur on the board. A failure to elect di-
rectors on the date specified shall not dis
solve the corporation, but the directors then
in office shall remain in Office until their
successors are elected; due notice of an
other election shall be given as above pro-
vided, and such notices shall continue TO be
given until an election Is held. The major
ity of the directors shall constitute q quo
rum for the transaction of business and the
board of directors at its meeting following
each annual election shall elect a president
one or more vice presidents, a secretary and
treasurer, and such other officers as II
shall deem necessary. The board shall have
the power. in its discretion, to unite two OF
more offices, and the same to confer upon
one person. The board of directors may ap
point from time to time such officers, clerks
agents and other employees as they may
deem necessary for the business and the pur
poses OF the corporation. All officers
clerks, agents or other employees shall hold
Office only at the pleasure of the board
| Said board shall make and establish, as vel
as alter and amend all bylaws, rules and
| regulations necessary and proper for tht
| support and management OF the business
and affairs of the said corporation not in
| consistent with the charter, and generally
TO DO all things reasonably necessary for tn,
carrying on Of the business of the corpora
| ton.
ARTICLE VI.
| Whenever this corporation may be dis
| solved, whether by limitation or from an!
other cause whatsoever, its affairs shall b.
| liquidated by three stockholders, TO be ap
pointed at the general meeting Of the stock
| holders convened for the purpose OF liquida
ton as hereinafter provided, each share be
| ing entitled to one vote, in person or b!
proxy. Such commissioners shall remain II
office until the affairs Of the corporation
shall have been fully settled and liquidated
and shall have full authority and power t
transfer and give title to all assets an,
property Of the corporation. In case o
death, disability or resignation of one o
more of said commissioners, the vacapc.
shall be filled by election by the surviving
commissioner or commissioners.
ARTICLE VII.
This act of Incorporation may be modified
changed or altered, or said corporation ma
no diSsnlvnd with The asSnnt ~ trro rd