The herald. [volume] (New Orleans, La.) 1905-1953, 1913-05-08
CHARTER
OF THE SEARS FEED MILLING COM
pANY
CHARTER

CHARTER
OF THE SEARS FEED MILLING COM
United States OF America, State of LOuis-
ana, City Of New Orleans, Parish of Or
leans.
Be It known, that on this thirtieth day
OF the month of April, In the year one thou
sand nine hundred and thirteen, before me,
Robert Degier, notary public duly COM
misslOned and qualified In and for the par
ish of Orleans, state OF Louisiana, afOre-
said, therein residing, and in the presence Of
the witnesses hereinafter named and under
signed, personally came and appeared: the
persons whose names are hereunto sub
scribed, who declared that, availing them
selves of the provisions of the laws of this
state, in such cases made and provided they
have cOvenanted and agreed, and do, by these
presents. covenant, agree bind, form and
constitute themselves, as well as such other
persons as may hereafter join or become as
ISOLATED with them, into corporation and
body polite in law for the objects and pur-
poses and under the agreements and stipu-
latiOns following, tO-wit:
Article 1.-The name and style of this
corporation shall be 1.-The Sears Feed Mill
Ing Company" and under that name II shall
have and enjoy all the rights, advantages
and privileges granted by law, to corpora
ti0ns: IL shall exist for a period Of ninety
nine years from the date hereof; IL shall
have p&Eer and authority TO contract, sue
and be sued In its corporate name to make
and a corporate seal. and the same to
break or alter at pleasure; to hold, receive,
purchase, convey, mortgage, hypothecate or
pledge property, real, personal or mixed;
to issue bonds, notes and other obligations
to have and employ such managers, direc-
tors, officers, agents and other employees
the interest and convenience of said cor
poration may require or demand: to make
and establish such bylaws, rules and IcglI-
latiOns for the corporate management and
control of the affairs Of the said corpora
ton as may be deemed necessary or expe-
dent.
Artf cIa \ oil 90 n
tlon shall he in the city of New Orleans,
state of Louisiana, but II may establish
offices and agencies throughout the United
States Of America or foreign countries. All
citations and other legal process shall be
served on the president and in his absence
on the vice-president. In the absence of
both Of said officers then said process shall
be served on the secretary treasurer.
Article III-The objects and purposes for
which this corporation Is organized and
the nature OF the business 10 be carried on
by IL are hereby declared to be: to deal in
buy and sell for its own account or for the
account OF others, all kinds of grain feed
molasses or other commodities: to manufac-
ture said grain, feed, molasses and other
commodities; TO extract oil and other sub
stances from any products to buy and sell
any and all products necessary for the man.
ufacture thereof TO own, purchase, sell
lease, operate, construct or contract for the
construction and operation of mills, rein.
cries and distilleries for the production and
manufacture OF said feed. grain, molasses or
commodities; 10 construct and erect or con-
tract for the construction and erection Of
workshops, mechanical plants tank cars
tugs barges. water craft or any vessel
whether propelled by steam or otherwise
for the transportation Of freight or passen.
gers to act as broker or agent for individ
uals, nrms or corporations; to carry on
general and bonded public warehouse and
tank storage business to issue and grant
negotiable warehouse or storage receipts or
eertlncates In connection and for the pur-
poses OF said warehouse business; to advance
ana lend money ION merchandise to be sold
by said corporation on commission broker
age or otherwise and generally, TO do and
engage In any business undertaking or en-
.erprise connected with. growing out Of,
germane or incidental TO any of the objects
and purposes hereinabove set forth or con.
templated by this charter.
Article IV.-The capital stock Of this cor
poration Is hereby fixed at the sum of two
hundred thousand 5000 600 OOl dollars al
vlded into two thousand (2OOO) shares OF
the par value OF one hundred (SiOO OOD dol
lars, each, one hundred thousand $500 OOOI
dollars or one thousand 10000 shares Of
which shall be preferred stock with a guar
anteed annual dividend of seven per cent
va cumulative. and one hundred thou
sand (S10O,OOOO0) dollars, or one thou
sand ll,ooO) shares OF which shall be COM
mon stock. The preferred stock of this cor
poration shall be non-voting and shall no
reasonable at any dividend paving neriod
AFTER nve years from the date hereof by the
payment OF one hundred and five (S1O5. OOl
dollars, plus whatever dividends NAV he due
theeron. for each and every share thereof
redeemed The manner and foru~ of redeem
ing said preferred stock shall be Determined
Dy the board OF directors Of this corporation.
All shares or stock shall be paid for in
casn, or may be issued by the board OF az
rectors or this corporation at not less than
par lot property purchased by or services
sSSIualE rendered to said corporation. All
shares OF stock shall be full paid and non
assessahie. No transfer of stock shall ha
Dlndlng upon the corporation unless made
upon It's books and all certificates OF stock
dasi,,,o. s'sne1 py such officers as may be
designated by the board OF directors
Article V.-All the corporate povars n,
thls company shall be vested in and tho
management and control of its business and
analrs snail be exercised by board OF Al.
ree.Srs 10 De composed OF three stockholders.
wnich number may be increased to no moro
tnan nine, at the discretion of the hoa rd
OF directors. majority OF the directors
snaH constitute quorum for the transac.
uon OF All business. The directors shall be
eIected annually on the fifteenth day OF the
month or July OF each year. unless a legal
holiday or Sunday, and in that event on tba
next succeeding day not a legal holiday or
SUNDAY, by ballot OF the owners OF record
OF the common stock of this corporation
and majority OF the votes cast shall elect
Each owner or common stock shall be emit.
Sled IN person or by written proxy TO one
vote Tor each share OF common stock owned
49,. :. ~ stauulng IN MS name on the
BOOKS OF this corporation. All elections shall
De heid under such rules and regulations a
may De determined by the board OF direc
Tors, out after at least ten DAYS notice az
such election shall have been given TO each
owner or common stock by mail sent to his
last known address. or by publication in
one OF the English newspapers published
DAILY In the city Of New Orleans for at
least ten days preceding such election, The
directors thus elected shall continue in OF.
nee Tor one year or until their successors
snail have been elected and duly qualified
NO nature 10 hold an election shall be re-
vacancy occurring on the said board of nj.
rectors shall be filled by the remaining fiirec.