The herald. [volume] (New Orleans, La.) 1905-1953, 1913-01-09
CHARTER

UNITED STATES OF AMERICA. STATE
OF LOUISIANA. PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Be IL known, that on this seventh day OF
the month of December, 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 ana thirty
sixth before me, Frank Edward Rainold, a
notary public in and for Orleans parish,
therein residing. and in the presence OF the
witnesses hereinafter named and undersigned,
personally came and appeared the persons
hereinafter subscribed, who declared that,
awaiting themselves of the laws of this state
relative TO the organizations OF corpora
TONS in such cases made and provided, they
constitute themselves, their associates, sue
cessors and assigns, corporation under the
stpulatiOns herein set forth, which they
adopt as their charter, to-Wit
ARTICLE |.
The name and title of this corporation
shall be Atlas Sugar Company. Ii shall en-
joy succession for ninety-nine (99l years
from this date, and shall have, for the pur'
poses of the business 10 be carried on by II,
all the powers conferred by law upon cor
porations and shall generally exercise all
the powers necessary 10 carry on said OuSi-
ness.
The dOmicile of this corporation shall be
in the city OF New Orleans, state of Louisi-
ana. and all citation and other legal process
shall be served on the president, and in case
of his absence or disability, upon the secre-
ARTICLE III.
The objects and purposes for which this
corporation is organized and the nature OF
the business to be carried on by it are here
by declared TO be as follows, tO-wit:
To conduct the business Of sugar, mo-
lasses and rice brokers and factors and
commission merchants; to buy, sell and
deal in sugar, molasses and rice or other
agricultural products as principals or agents
to make advances for the raising OF crops
whether on notes or on open accounts, Sc
cured or unsecured; to loan money on mort.
cages or otherwise; TO borrow money and
| for that purpose to pledge mortgage notes
| or other securities; to acquire and dispose
| of negotiable securities; to purchase or 9th
erwise acquire, improve, cultivate and dis
| pose of, mortgage, lease or make other con
| tracts in reference to lands and plantations
| in the state Of Louisiana to engage in
planting and raising sugar cane and Other
| agricultural crops; to manufacture, refine
| buy and sell sugar cane and its products
| TO acquire AID operate tramways, barges
| steamboats, and motor boats for the trans
portation of sugar and molasses; to run {
country store or general merchandise ousl
ness, and TO do all other things necessary
| or incidental 10 the carrying out of the
above objects and purposes.
ARTICLE ".
The capital stock of this corporation i
hereby fixed at the sum of one hundred
thousand dollars (S100,000.00), divided int
and represented by one thousand shares o
the par value Of one hundred dollars $500
right to commence business and be goin
concern when three thousand dollars Isl
100000 Of the capital stock shall have bee
subscribed for All stock subscribed 70
shall be paid for in cash or property re
ceived or labor done at such time and upo
such terms and conditions as the board o
directors shall prescribe. No transfer o
stock shall be admitted or held TO be vail
or binding so far as the company Is cor
cerned unless made on the books OF tn
company. No sale or pledge of stock sha
be valid unless said sale or pledge Is aC
companied by written certificate signe
by the president and secretary treasurer o
| the company to the effect that said stoc
was offered to the remaining stakeholder
through the board of directors at It's boo
value for a period of ten days and they ha
failed or declined to purchase same.
Stock sold or pledged in cOntravention {
this provision shall become the property o
the stakeholder first rendering, to the trans
ferree or pledges its book value.
ARTICLE V.
All the powers of this corporation shall
be vested in and the business and affair
shall be managed by board of director
consisting OF three directors who shall b
elected annually at meeting OF the STOCK
holders on the first Monday of October o
each year, except the first board OF direC
tors named in this charter, who shall hOl
Office until the first Monday of October, 1914
All elections shall be held by ballot a
the office of the company under the super
vision Of two commissioners to be appointe
| DIV the DO1T0 OF ulTeClOTS. NOllCt VI SUI
meeting shall be given by the secretary
treasurer in writing, delivered to each stock
holder in person. or mailed to his last know
address at least ten days prior to sue
election, but this notice may be waived b
all the stockholders.
At all such elections and at all meeting
of the stockholders every stakeholder shal
be entitled TO one vote for each share o
stock standing in his name on the book
of the company at the date of said electio
or meeting; said votes to be cast in perso
or by written proxy, and majority OF tn
votes shall elect.
| The failure to elect directors at the ar
nual meeting shall not dissolve or affect tn
corporation nor impair its management !
any respect but the directors in office sha
remain in office until their successors ar
elected and qualified.
The board of directors shall elect as 500
as possible after their own election and froI
their own number, president, vice-pres
dent and a secretary-treasurer and ma
grant TO each officer such power as the
deem proper.
All vacancies in the board for whateve
cause shall be filed by the remaining dire
. tors Any member of the board may appoir
any other director his proxy to act In b
|. place and stead at a meeting of the boar
, ARTICLE vi.
This act of Incorporation may be modife'
changed or altered, or said corporation ma
be dissolved with the assent OF three-fourtf