The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-17
CHARTER
OF THE WEST INDIA SUGARS w"
pA\I.
April II, 1913. OH,

OF THE WEST MA oC"-
April II, l9l3. on, An, |
UNITED STATES OF AMERICA; l., S y iII |
or LOUISIANA PARISH OF oRlihANS'
CITY OF NEW ORLEANS d
Re n known, that on this eleventh day OF
rho month OF April, in the year one thou-
sand nine hundred and thirteen before liIe'
Robert Legier, notary pubic uuay fnr
mIssioned. qualified and sworn In ana Ior
tbe parish of Orleans, state OF lOulsldhd'
aforesaid. therein residing, and IN tne pres
once of the witnesses hereinafter haiheu anu
undersigned, personally came ana aPpedIeGi
the Oarsons whose names are hereunto SUD
scribed who declared that awaiting them
selves of the provisions of the laws OF tne
state. of louisiana, In sucn naue anu rrr pa
yIded. they have cOvenanted ana asreeu;
and do by these presents covenant ana
agree. bind, form and constitute themselves
as well as such other persons as may neIe
sfter toIn or become associated with them,
into a corporation and body polite In law,
for the objects and purposes and under the
agreements and stipulations following TO-
wit:
The name and style of this corporation
shall be the West India sugars company
and under that name II shall nave anu en-
Ioy all the rights, privileges ana adVanta t,s
Srrsnted by law 10 corporations; 1t SHAH
exist for a period Of ninety mine years IRON
the date hereof; II shall have power ana
authority TO contract, sue and be sueu III
Ire cornorate name; 10 make and use a
corporate seal, and the same TO break or
alter at pleasure to hold, receive purchase
convey. mortgage and hypothecate propers,
real personal or mixed 10 issue bonds, notes
and other obligations; TO have ana employ
such managers. directors, agents ana otheI
employees as the interest and convenience
OF said corporation may require or denanu'
and To make and establish such bylaws,
rules and regulations for the corporate man
agement and control of the business ana ar
fairs of the said corporation as may DE
deemed necessary or eXpedlent.
ARTICLE IL
The domicile of said corporation shall be
In the city of New Orleans, state OF Lou
isisna hut Il may establish offices and
agencies throughout the United states OF
America or foreign countries. AN citations
and other legal process shall be served on
the president, and in his absence on the
ytce.president or secretary treasurer OF said
corporation. -
The objects and purposes for which TINS
CORPORATION Is organized and the nature or
the business TO be carried on by II are mere
by declared TO be: to deal in, buy, sell or
store for its own account or for the &C
count of Others, all kinds of merchandise
and commodities principally sugar and mo-
kasses TO lease rent, hire, own and operate
tank cars water craft or any vessels, whetn-
err propelled by steam or otherwise tugs,
barres or other craft for the transportation
OF said merchandise, commodities or pas
sengers TO act as broker or agent Tor IN
dividuals firms or corporations TO con-
struct and erect or contract for the con-
struction and erection Of docks, tugs, barges,
tank cars, water craft, workshops and me-
chanical plants, and generally to do and
engage in any other business, undertaking
or enterprise connected with, growing out
of germane or incidental to any of the OBJ
jects and purposes herenabove set forth or
contemplated by this charter.
ARTICLE Nv.
The capital stock Of this corporation Is
hereby fixed at the sum of fifty thousand
1850, 00O.O0) dollars, divided into five hun
bred (5O0l shares OF the par value OF one
hundred (S1OO.OO) dollars each, which shall
be paid for in cash. or may be issued at not
less than par for services rendered TO OF
property actually purchased by this corpor
alton.
All shares Of stock shall be full paid and
worcestershire. No transfer Of stock shall
bebnding 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 shall BE-
exercised by a board of directors to be com
posed of seven stockholders a majority OF
whom shall constitute a quorum for the
transaction of all business. The directors
shall be elected annually. by ballot Of the
stockholders, on the first Monday of April
IN each year. Each stakeholder shall b'
entitled, either in person or by written
proxy, 20 one vote for each share OF stock
owned by him and standing in his name or
the books of the corporation. All elections
shall be held under such rules and regula
lions as may be determined by the board OF
directors. but, after at least ten days motto,
Of such election shall have been given ir
writing to each stakeholder sent to his
last known address by mail. or by publica
tion In one OF the daily newspapers pub
lished In the city of New Orleans for a
least ten days preceding such election. Th'
directors thus elected shall continue II
ONCE for one year or until their successor
shall have been duly elected and qualified
No failure 10 hold an election shall be re
garded as forfeiture of this charter. An,
vacancy occurring on said board of direc
TORS shall hp allied nv tho rerna lining
tors for the unexpired term. Said boar,
OF directors shall ut its first meeting cleo
from among Its number president, vice
president, secretary and a treasurer.
may combine the two last mentioned Office
and may even elect secretary who is no
stockholder Said board OF directors sha
= have the right TO appoint and dismiss sue
"a clerks, managers and other employees q
this corporation. including the secretar
who Is not director or stakeholder. a
conditions may justify or the business Z
the corporation may require The tenur
OF ONCE of all the employees of this cOrpo
alton shall be during the pleasure OF III
board OF directors.
ARTICLE vi
No stakeholder shall ever be held lab
or responsible for the contracts faults {
debts of this corporation, nor shall an
the effect of rendering this charter null {
OF exposing a stakeholder to any liability b
yond the unpaid balance due on the shar,
of stock owned by him.
This act OF Incorporation may be change
modified or altered, or this corporation ma
be dissolved with the assent OF the stocl
holders owning a majority Of the stock {
the corporation, at a general meeting co,
yened for this purpose. and after at lea,
ten days notice shall have been given
each stakeholder In the manner and for
as provided for In Article of this act {
Incorporation. In case OF the dissolution {
this corporation by the expiration OF II
charter or otherwise, the stockholders sha
elect from among their number three liou
dators, who shall have full power and al
thorfty 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 fror
among their number a president, vice
president, a secretary and a treasurer VIII
shall hold Office until the election to be he'll