The herald., 1912-03-21

der the agreements and stipulations herein
after set forth and expressed.
ARTICLE I.
The name of this corporation shall be the
QUETZAL COFFEE COMPANY. under which
name 1t shall have corporate existence and
succession for ninety-nine years from and
after the date hereof, and shall have pow er
to contract, to sue and be sued, TO purchase,
lease, mortgage, pledge. ALLEVIATE or encum-
Der real estate or personal property of every
description, and generally to exercise, for
all purposes connected with or incidental
to its business as hereinafter set out, all
powers conferred upon corporations by the
laws OF the State of Louisiana.
ARTICLE II.
In the City OF New Orleans, State Of Lou
isiana. Citation and all other legal process
shall be served on the president OF this
company, and in his absence, on the vice
president or secretary treasurer.
ARTICLE III.
The objects and purposes for which this
company Is Incorporated and the nature of
the business TO be carried on by il are here
by declared TO be:
To conduct a general business OF import
ing coffee, and the roasting and grinding
OF. as well as to do all things incidental
thereto and connected Herewith as may
be deemed necessary and proper for the fur
therance OF the objects and purposes here
In expressed.
ARTICLE ".
The capital stock Of this corporation shall
be fifteen thousand dollars (Sl5, 100000 to
be represented by one hundred and fifty
(15O) shares Of the par value of one hun
bred (SlOO.OO) Dollars per share, which
said stock shall be full paid and non-assess-
able, and shall be paid for in cash or prop
erty before certificates therefor shall issue.
All transfers shall be made only on the
books of this corporation subject TO the
rules and regulations as the Board Of Di-
rectorS Of this company SHAH formulate.
This corporation shall be entitled TO do
business and TO enter into all contracts, and
shall be a going concern in all respects i'm
mediately upon subscription to this charter
for forty-five hundred (S4,5O0y dollars worth
Of the capital stock thereof.
ARTICLE V.
All the powers OF this corporation shall
he vested in and exercised by a Board OF
Directors consisting OF three members, which
said three directors shall be elected at the
annual meeting OF the said stockholders to
be held on the first Monday in February
each year; notice OF this meeting shall be
published for ten days prior to the holding
thereof, in one daily newspaper in the City
OF New Orleans At said meeting every
shareholder shall be entitled to one vote, in
person or by proxy, for every share stock in
his name on the books of this company, and
a majority of votes cast shall elect. The
Board of Directors shall prescribe the man
ner in which said meeting shall be held and
the votes cast and the results aScertained.
The failure to hold any annual meeting snail
not terminate this charter, but the officers
then in office shall continue in office and
shall summon an annual meeting as soon
as possible.
The Board Of Directors Of this corpora
ton shall exercise all the powers, both gen
eral and special, vested In this corporation
as fully in every respect as the same might
be exercised by the stockholders Of this
company.
The first Board Of Directors shall hold
Office until the first Monday in February,
1918, and until their successors are elected
and qualified, and shall be the following
Jacob Bloch, president; Rafael Levy, vice
president; Luis Leon Lowe, secretary treas
urer. The officers of this corporation shall
be president, yice-president and secre-
tary treasurer, which offices shan be filled at
| first, by the above named parties, as spe.
Gifted, and subsequently,, said officers shall
be elected by the board, Immediately after
election OF said board.
| At all meetings Of the directors the direc.
tors not present In the City Of New Orleans
| La, may give their proxy or power OF at
| torney TO such persons as they may see MT
\ and such proxy may be either general OF
1
| director at said meeting and otherwise
| and vote In his name on all matters that
| may come before the board and in all Other
| matters, of whatsoever kind, In such sense
as the person to whom the said proxy Is
given may deem proper, to the full extent
authorized by such procuration.
ARTICLE VI
This charter may be amended by a vote
Of the majority Of the shareholders held a.
a general meeting Of this company, held anC
convened for that purpose, after a notice
| shall have been published for fifteen day
in one of the daily papers of the City o
| New Orleans, La, and after copy OF SAIL
notice shall have been mailed to each share
holder at the address as left by said share
holder with the secretary treasurer OF thi;
company; and the corporation may be dis
| solved with the assent Of three-fourths o.
| the stock represented at such meeting Tit
capital stock of this company may be In
creased or diminished by complying with tn,
tiers.
Whenever this company shall be dissolved
| by expiration of its charter, or sooner, b!
| a vote of the shareholders, two liquidator
shall be appointed, being elected by the salt
| shareholders at a general meeting OF thu
shareholders, held after a fifteen days no
tice as above provided. These liQuidator
shall continue In Office until the full liqui
the death OF either Of them, the survive
shall act alone.
ARTICLE VIII.
No stakeholder of this corporation shall
ever be held liable or responsible for tn
contracts or faults Of this corporation II
any further sum than the unpaid balance