The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-03
CHARTER.


UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Be it known, that on this thirty-irst 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 Qulntero,
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 covenanted and
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 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, Incorpora ted" and
1t shall exist and continue for a term of
ninety-nine years from the date hereof Ii
shall have its 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 he served.
ARTICLE III.
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 -four,
grain and other merchandise; to manufac-
ture, prepare or blend flour, grain and other
merchandise, and to act as commission mer-
chants in said lines Of business in this city
4 l.
nected with or appertaining TO said bust
ARTICLE Ill.
This corporation shall have power and
and be sued, contract, to make and use a
corporate seal and the same to break OF
| 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 and
personal, as the business of said corpora
| tioh may require; to name and appoint such
officers, managers, directors, or agents a:
the necessity or the convenience Of SAID
corporation may require: to make and es
| tablish such bylaws and rules for the, proper
| regulation and management of Its bushes:
as may be proper and to do all things nee
essary and proper for the conduct Of Its
| business.
| ARTICLE ".
| The capital stock of this corporation |,
| hereby fixed at the sum of three thousand
|
scented by thirty 800 shares of the pa
value of one hundred dollars (S100.00) pc
| share.
The corporation shall be a going concern
and shall be authorized to commence bust
ness when the entire capital stock shall
have been subscribed for and paid in.
All transfers of stock shall be made OF
| the books of the company, under such RUE
and regulations as the board of direction
may prescribe.
ARTICLE V.
All powers of this corporation shall b
vested in and be exercised by a board o
directors, composed of four directors, tire
of whom shall constitute a quorum, VIII,
shall elect from their number a presiden
and a secretary-treasurer, and the following
named persons shall constitute the frs
board of directors: ID. III. Browder, ].
Bailey, ]. f. Dicharry and F. E. Wilson, o
whom ID. H. Browder shall be president an
j.. Il. Dicharry, secretary-treasurer. Tn
said board of directors and the said officer
shall hold ofice until the first Monday 1
Any failure to hold an annual electio
shall not effect 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 ar
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
election shall be given to each stockholdel
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
filled by the remaining directors for the III
expired term. Two-thirds of the capits
stock may at any time create the office of
vice-president to be selected from among tn
directors.
| ARTICLE vi.
This act OF Incorporation may be changes
altered or amended, or this corporation ma
be dissolved by a vote Of three-fourths
amount Of the capital stock, at a geners
Injecting Of the stockholders convened for tina
purpose, after thirty days previous motto
of the meeting shall have been given
the manner hereinaboye provided In tn
election Of directors.
In the event that this corporation Is di.
solved, Its affairs shall be liquidated undo
the supervision Of two liquidating commi.
sioners, to be appointed for that purpos
from among the stockholders Of the corpol
alton at the meeting at which time the di.
solution Is voted, or at a special meetfn
convened for that purpose, after the sam
notice, given In the same manner as herein
| above provided.