The herald., 1912-10-10
CHARTER.


OF BROTDER BROS. INCORPORATED
UNITED STATES OF AMERICA. STATE
or LOUISIANA. PARISH OF ORLEANS.
CITY OF NEW ORLEANS.
Be IL known, that on this thirty INST cay
% the month OF August, in the year OF our
Lord. one thousand nine hundred and twelve
and OF the independence OF the United States
Of America. the one hundred and thirty
seventh. before ne, John Marshall ouintero,
a notary public, duly CONN lssiOaed and Gual-
lied. IN and for this city and the parish OF
orleans. therein residing and in the pres
ence Of the witnesses hereinafter named and
undersigned. personally came and aPpea red
the several parties whose names are herein
after subscribed. who Seyersly declared that,
ayAiIing themselves % The provisions Of the
laws Of this state relative 10 the formation
Of corporations. they have cOyensnJed and
agreed. and do. By these presents, covenant
and agree and bind themselves. as wei as
such Other persons as may hereafter -
cone associated with them, 20 form and con
sI.tute q corporation and body polite in
llw, 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 % tie corporation
shall Dc "B7owdsr Bros. Incorporated and
II shall exist and continue for a term OF
nineTy-nine years from the date hereof. IL
shall have lis domiciie in the city Of New
orleans, parish OF Orleans, state Of Lou
isiana.
The president OF this corporation. or. in
his absence, the secretary, shall be the prop
er off ser upon whom al citation and other
legal process shall be served
ARTICLE IL
The objects and purposes for which this
corporation Is organized and the nature Of
the business 10 be carried on by il are here
by declared 10 be: 10 buy and sell -four,
grain and other merchandise; 10 msnufac-
Iure. prepare or blend -four. grain and other
merchandise and 70 act as commission mer-
izAa n Of in ges-
Of New Orleans. and 10 Do all things con
nected with or spPertaining 10 said bust
ness.
This corporation shall have power and
authority under its corporate name. 20 sue
and BE sued contract, 10 make and use a
corporate seal and the same 10 break or
alter at pleasure: 20 receive. accept. pQr-
chase. lease, hold. mortgage and hypoIhecate
sell pledge. or otherwise acquire possession.
enjoy and dispose Of property. both real and
PERSONAL. ss the business OF said CORPORA
tiOH ma! require; 10 name and appoint such
officers. managers. directors. or agents as
the necessity or the convenience Of said
corporation may require: 10 make and es-
regulation and management Of its business
as may be proper: and 10 do all things nee-
essay and proper for the conduct OF its
business.
The capital stock OF this corporation Is
hereby fixed at the sum Of three thousand
| dollars ,s3. 0-D00Ol, divided into and repre-
sented by thirty 1907 shares Of the par
value Of one hundred dollars (sl0o.Ool Per
share
The corporation shall Be a going concern
and shall b authorized 10 commence bust
ness when the entire capital stock shall
have been subscribed for and paid in.
All transfers Of stock shall be made on
/ the books Of the company. under such rules
and regulations as the board Of directors
| - ApTTCyr vs
| All powers Of this corporate shall Be
vested in and be exercised by q board Of
directors. composed OF four directors, three
/ Of whom shall constitute q quorum who
shan elect from their numhsr president
| and secretary-treasurer. and the following
| named persons shall constitute the first
board OF directors: D. Fl. Browder. ]. E
| Bailey, J. z Dichsrry and F. Z Wilson. Of
whom y. II. Browder shall be president and
! J. E Dich2rry. secretary-treasurer The
said board OF directors and the said officers
shall hold ofice until the first Monday in
Any failure to hold an annual election
| shall not effect forfeiture of this charter
or this act OF Incorporation. Any vacancy
occurring y said board shall be filed by
the remaining directors
The election Of directors shall be held an.
nually on first Monday in September in each
year and the directors at their first meeting
| IN each year shall elect out Of their owl
number the officers Ten DAYS noti6e OF such
election shall Be given 20 each stOckholder
by the secretary. in writing. at his last
known place OF residence. The election OF
directors shall Be held al the Office OF ths
corporation under the supervision of two
commissioners appointed By the board OF d.
rectors- Ali elections shall be BY ballot ana
majority Of the votes cast shall elect on.
vote 10 BE allowed for each share Of stool
present., either In person or by proxy. AM
vacancy occurring In said board shall b
filed By the remaining directors for the IN
expired term Two-thirds OF the capita
stock may AZ any time create the Office Of
vice-president 20 be selected from among tn
directors
ARTICLE VI
This act OF Incorporation may be changed
altered or amended or this corporation ma
be dissolved by a vote Of three ourths Il
amount Of the capital stock. at q genera
injecting Of the stockholders convened for tina
purpose. after thirty days previous motto,
! Of the meeting shall have been given Il
the manner hereinaboye provided in th,
election Of directors
In the event that this corporation Is dis
| solved It's affairs shall Be iiquidated unde
the supervision Of two iquidating commits
siOne-s, 20 be appointed for that purpos,
from among the stockholders Of the corpor
alton 1t the meeting 81 which time the dis
solution Il voted. or at q special meetin.
convened for that purpose after the SAM
notice, given In the same manner as herein
above provided