The herald., 1913-04-24

sand nine hundred and thirteen, DeloIe nv
Robert Iegier, a notary public, duly com
missioned, qualified and sworn In ana TOT
the parish OF Orleans, state OF LOUISIANA
aforesaid therein residing, and IN the pres,
ence of the witnesses herelnalter na ,'aa rao
undersigned, personally came and appeared
the persons whose names are hereuhto SUI
scrlbed who declared that aValllhs theI |
selves Of the provisions OF the laws OF tLle
state OF Louisiana, in such made anu pro
yided they have covenanted and agreed;
and do by these presents covenant anu
agree bind, form and constitute thethsetNes'
as well as such other persons as may neie
aS+er toin or become associated with them,
into a corporation and body poIitlc III ia"
for the objects and purposes ana unneE tne
agreements and stipulations loAO"i"s w.
wit:
ARTICLE /.
Tho reme and style OF this corporation
shall be the West India Sugars company
and under that name II shall nave anu M ',as
ioy all the rights, privileges ana "a bsII
granted by law to corporations II s"n
syIst for a period Of ninety-nine years IRON
the date hereof; 1t shall have power ah 10
authority TO contract, sue ana De sue Sn a.
dc cornorate name; TO make ana use
cornorafe seal, and the same to break OF
alter at pleasure to hold, receive, purchase'
convey mortgage and hypothecate propeIy,
real personal or mixed 10 issue bonds, notes
and other obligations; TO have and employ
such managers, directors, agents anu VtneL
EMPLOYEES as the interest ana cohSenienII
Of said corporation may IcpulA1 ~. DC
and to make and establish such bylaws
TnIes and regulations for the corporate man
agement and control of the business ana az
fairs OF the said corporation as may De
deemed necessary or eXpedlent'
ARTICLE II.
Tho domIcIle OF sale corporation shall be
in the city OF New orleans, state OF Lou,
islana, but IL may establish onces anu
agencies throughout the Inltea SIaue Cts
America or foreign countries. All citations
and other legal process shall be served on
the president, and in his absence on IHs
vice president or secretary treasurer OF sdIu
corporation.
ARTICLE III.
The ohiocts and purposes for which this
cornoyatIon IS organized and the nature OF
the business to be carried on by II are neIe-
nv declared to be to deal in, buy, sen OF
store for its own account or TOT Lhe "a, a.
connt OF Others, all kinds of merchandlse
and commodities, principally sugar and mo,
Iasses 10 lease rent, hire, own ana operate
tank cars water craft or any vessels, Whetn-
err propelled by steam or otherwlse, t ~,
barges or other craft for the transporIatloh
of said merchandise, commodities OF pas
sengers /; to act as broker or agent lor oo M
djyiduaIs firms or corpOratalOns' 10 con-
struct and erect or contract Tor the con
structlon and erection OF docks, tugs, barges'
tank cars, water craft, WORKSHOPS anu 9 m nd
chanical plants, and generally 10 90 anu
engage In any other business, undertaking
or enterprise connected with, growing our
OF, germane or incidental to any OF tne Cd.
iects and purposes hereinabOye set lortn OF
Contemplated by this charter.
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum OF nifty Thousand
$3.50 00O.O0) dollars, divided into nVe nun,
dred C5OO( shares OF the par value OF one
hundred ($1O0.00) dollars each, when shall
be paid for in cash, or may be issued at nor
less than par for services rendered 10 vi
property actually purchased by TINS eorpor'
All shares Of stock shall be full paid and
worcestershire. No transfer OF stock snail
beblnding on this corporation unless MADE
upon its books.
ARTICLE v.
All the corporate powers Of this company
shall be vested In, and the management and
control of Its business and affairs snail De
exercised board or darec'ors m 10 OF
whom shall constitute quorum for the
transaction of all business. The directors
shall be elected annually BY ballot q, o tn 1Hf
in each year Each stakeholder shall be
entitled, either In person or by written
proxy, to one vote for each share OF s.o OK
the books Of the corporation. All elections
shall be held under such rules and regula
lions as may be determined by the board OF
Of such election shall have been given II
writing to each stakeholder sent to hi
last known address by mail, or by publica
ton In one Of the daily newspapers pub
lished In the city of New Orleans for a.
least ten days preceding such election. INT
directors thus elected shall continue II
office for one year or until their successor
No failure to hold an election shall be re
garded as a forfeiture Of this charter. An!
vacancy occurring on said board of direc
hall 1a lad hv fhn m N
tors for the uneNpired term. Said boar
OF directors shall at its frss meeting cleo
from among its number a president vice
president, secretary and treasurer l
may combine the two last mentioned Office
and may even elect a secretary who Is no
a stakeholder Said board of directors shal
clerks, managers and other employees o
this corporation, including the secretar
who is not a director or stakeholder, a
conditions may justify or the business
the corporation may require. The tenur
OF Office OF all the employees Of this corpol
alton shall be during the pleasure Of tn
board OF directors.
ARTICLE vi.
No stakeholder shall ever be held liabl
or responsible for the contracts, faults o
debts of this corporation, nor shall an
mere informality In Its organization hav
the effect Of rendering this charter null o
OF exposing a stakeholder to any liability b
yond the unpaid balance due on the share
Of stock owned by him.
ARTICLE VII.
This act OF Incorporation may be changed
modified or altered, or this corporation ma
be dissolved with the assent OF the stoci
holders owning a majority Of the stock o
the corporation, at a general meeting cor
vened for this purpose, and after at leas
ten days notice shall have been given I
each stakeholder In the manner and forr
as provided for In Article of this act O
Incorporation. In case of the dissolution O
this corporation by the expiration Of II
charter or otherwise, the stockholders sha
elect from among their number three liqu
dators, who shall have full power and al
th6rity to liquidate and settle the bushes
and affairs OF this corporation. In case
the death or inability OF any OF said con
missioners, the survivors shall appoint
successor to him or them.
ARTICLE VIII.
Immediately after the signing of til
charter, the stockholders shall elect frol
among their number a president a vic
president, a secretary and treasurer VIII
shall hold ONCE until the election to be he
IN April, 1914.
ARTICLE TX.
This corporation shall be a going concel
as soon as three thousand (S3 O00.O0) dc
lars, or thirty (30) shares OF its capit
stock shall have been subscribed for.
Thus done and passed at my once in Il