The herald., 1912-09-26
CHARTER.

Ot DhONDth bhoo, i->NOhi Ois-Aih<D
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 twelve
and of the independence of the United States
Of America, the one hundred and thirty
seventh, before me, John Marshall Quintero,
a notary public duly commissioned and quail
flied, 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 appeared
the several parties whose names are herein
after subscribed, who severally declared that,
availing themselves of the provisions of the
laws of this state relative to the formation
Of corporations, they have coyenanted aud
agreed and do, by these presents, covenant
and agree and bind themselves, as well as
such other persons as may hereafter be-
come associated with them, to form and 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 /.
The name and title of the corporation
shall be "Browder Bros. Incorporated and
ninety nine years from the date hereof. IL
shall have it's domicile 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
err officer upon whom all citation and other
legal process shall be served.
ARTICLE ii.
The objects and purposes for which this
corporation is organized and the nature OF
the business to be carried on by 1t are here
| by declared to be: to buy and sell Hour
| grain and other merchandise; to manufac
| ture, prepare or blend -four, grain and Other
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 ant
/ authority under its corporate name, to su,
and be sued. contract, to make and use |
| corporate seal and the same to break Oh
alter at pleasure; to receive, accept. pur
| chase, lease hold, mortgage and hypothecate
| sell, pledge, or otherwise acquire possession
enjoy and dispose of property, both real ant
personal, as the business of said corpora
ton may require to name and appoint sucl
| officers, managers, directors, or agents a:
the necessity or the convenience Of salt
corporation may require; to make and es
tablish such bylaws and rules for the prope
| regulation and management Of Its business
| as may be proper ; and to do all things nee
essary and proper for the conduct Of 1T
business.
The capital stock Of this corporation |
| hereby fixed at the sum of three thousan,
dollars ($3 ,O0O00), divided into and repre-
scented by thirty (30) shares of the pa
| value Of one hundred dollars ($100.O0) pc
| share.
The corporation shall be a going concerl
and shall be authorized to commence busi
ness when the entire capital stock shal
| have been subscribed for and paid In.
All transfers of stock shall be made OF
the books of the company, under such rule
and regulations as the board Of director
may prescribe.
All powers of this corporation shall
vested In and be exercised by a board o
directors, composed of four directors, thre
Of whom shall constitute a quorum, VIII
and a secretaryItreasurer, and the foilow f
named persons shall constitute the frs
board of directors: ID. II. Browder, J. I
Bailey, ]. E. Dicharry and f. e. Wilson, Q
whom ID. III. Browder shall be president an
j. Il. Dicharry, secretary-treasurer. Tn
said board of directors and the said officer
shall hold ONCE until the first Monday
September, 1913.
shall not effect a forfeiture of this charter
or this act Of Incorporation. Any vacanc
occurring in said board shall be filled b
the remaining directors.
The election Of directors shall be held al
nually on first Monday in September in eac
year and the directors at their first meetin
In each year shall elect out Of their ow
number the officers. Ten days notice Of sue
citCllOu sudil Dt given 10 e8Cl SIOcklOl0e
by the secretary, In writing, at his las
known place of residence. The election Q
directors shall be held at the Office Of tn
corporation under the supervision of tw
commissioners appointed by the board Of d
| rectors. All elections shall be by ballot an
a majority of the votes cast shall elect on
vote to be allowed for each share Of stoc
present, either In person or by proxy. An
vacancy occurring In said board shall b
| filed by the remaining directors for the III
expired term. Two-thirds Of the capita
| stock may at any time create the offce Of
vice-president to be selected from among th
directors.
| ARTICLE vi.
| This act Of Incorporation may be changet
altered or amended, or this corporation ma
be dissolved by a vote of three-fourths 1
amount of the capital stock, at q genera
meeting Of the stockholders convened for tina
purpose, after thirty days previous motto
| Of the meeting shall have been given 4
the manner hereinabove provided In tn
election Of directors.
In the event that this corporation Is dis
solved, its affairs shall be liquidated unde
the supervision Of two liquidating commits
sioners, to be appointed for that purpos
from among the stockholders Of the corpor
alton at the meeting at which time the dis
solution is voted. or at special meeting
convened for that purpose, after the sam
notice, given IN the same manner as herein
above provided.