The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-17
CHARTER.

OF BROWDER BROS, lNCORfOhaIbD
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
BE il known, that on this thirty-hrst day
of the month of August, in the year OF our
Lord. one thousand nine hundred and WE'VE
and of the independence of the United States
of America, the one hundred and thirty
seventh, before me, John Marshall Qulntero,
a notary public, duly commissioned and gualc
flied, In and for this city and the parish OF
Orleans, therein residing and in the pres,
ence Of the witnesses hereinafter named ana
undersigned personally came and appeared
the several parties whose names are herein
after subscribed who severally declared That,
awaiting Themselves of the provisions of the
laws of this state relative to the formation
Of corporations, they have covenanted anu
agreed and do, by these presents, covenant
and agree and bind themselves, as We'll as
such other persons as may hereafter be-
come associated with them, TO form ana con
stitute a corporation and body polite In
law, for the objects and purposes and under
the clauses. stipulations and articles herein
after set forth and expressed, which they
hereby adopt as their charter, to-wit:
ARTICLE l.
The name and title of the corporation
shall be "Browder Bros Incorporated" and
| ii shall exist and continue for term OF
| ninety nine years from the date hereof. II
| shall have It's domicile in the city OF New
Orleans, parish Of Orleans, state OF Lou
| isana. :,
| The president OF this corporation, or, In
his absence, the secretary, shall be the prop.
er officer upon whom all citation and other
legal process shall be served
| ARTICLE H.
The objects and purposes for which this
corporation Is organized and the nature OF
the business to be carried on by II are here
by declared to be to buy and sell -four
| grain and other merchandise; TO manutac
ture, prepare or blend -four, grain and othel
merchandise, and to act as commission mer
chants in said lines Of business in this city
of New Orleans, and to do all things con
nected with or appertaining to said bust
ness.
This corporation shall have power AM
authority under its corporate name, to SUI
and be sued contract, to make and use
| corporate seal and the same TO break o
| alter at pleasure; 10 receive, accept, pur
chase, lease, hold, mortgage and hypothecate
SELL pledge. or otherwise acquire possession
enjoy and dispose of property, both real an
personal, as the business OF said corpora
officers, managers directors, or agents a
the necessity or the convenience of sal
corporation may require; to make and es
, tablish such bylaws and rules for the prope
regulation and management of its bushes
as may be proper; and to do all things nee
essary and proper for the conduct OF II
business.
The capital stock of this corporation
hereby fixed at the sum of three thousan
/ dollars (s3,0O0.00), divided into and repr'
scented by thirty 800 shares of the pa
value of one hundred dollars (s1Oo.OO) p'
A share.
j The corporation shall be a going concer
q and shall be authorized to commence bus
ness when the entire capital stock sha
have been subscribed for and paid in.
, All transfers of stock shall be made 9
D the books Of the company, under such rui
= and regulations as the board of directo
!. may prescribe ARTICLE
), All powers of this corporation shall
vested in and be exercised by board
); directors, composed of four directors, thr
A Of whom shall constitute a quorum wi
shall elect from their number a preside
and a secretary -treasurer, and the followil
named persons shall constitute the fir
board of directors: d. II. Browder, J.
whom ID. III. Browder. shall be president a.
J. E. Dicharry, secretary-treasurer. t
said board of directors and the said office
shall hold once until the first Monday
Any failure to hold an annual electi
shall not effect forfeiture of this chart
or this act Of Incorporation. Any vacan
occurring In said board shall be filled
the remaining directors.
The election of directors shall be held 6
q nually on first Monday In September In ca
year and the directors at their first meet
~ in each year shall elect out of their o.
a. election shall be given to each stockhold
ID by the secretary, In writing. at his L
known place or residence. The election
"A directors shall be held at the Office Of
~ corporation under the supervision of
On commissioners appointed by the board Of
rectors. All elections shall be by ballot q
~ a majority of the votes cast shall elect ; I
- vote to be allowed for each share of st,
NC present, either In person or by proxy.
p. vacancy occurring In said board shall
filed by the remaining directors for the
AZ expired term. Two-thirds of the CAPT
. stock may at any time create the office o
OF vice-president to be selected from among
of directors.
m. ARTICLE VI.
This act Of incorporation may be chane
altered or amended, or this corporation y
at be dissolved by a vote of three-fourths
amount of the capital stock, at a gene
Injecting of the stockholders convened for {
purpose, after thirty days previous no
of the meeting shall have been given
the manner hereinabove provided in
election of directors.
In the event that this corporation is
solved, its affairs shall be liquidated un
az the supervision of two liquidating conn
~. sioners, to be appointed for that purr
from among the stockholders of the corr
by alton at the meeting at which time the
n, solution Is voted, or at a special meet
III convened for that purpose, after the 81
notice, given In the same manner as her
above provided.