The herald. [volume] (New Orleans, La.) 1905-1953, 1913-01-16
CHARTER


CITY OF NEW ORLEANS.
BE it 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 and 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,
ayailing themselves of the laws of this state
relative to the organizations of corpora
tionS, in such cases made and provided, they
constitute themselves, their associates, sue
ceSSOrs and assigns, a corporation under the
StipulatiOns 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 (99) years
from this date, and shall have, for the pur
all the powers conferred by law upon cor
porations and shall generally exercise all
the powers necessary to carry on said busi-
ness.
ARTICLE II.
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-
tary-treasurer.
ARTICLE III.
The objects and purposes for which this
corporation Is organized and the nature OF
the business TO be carried on by II 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
o uaS mr. nt hnr p-ic 70 hos a
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 and operate tramways, barges,
steamboats, and motor boats for the trans
portation OF sugar and mOlasses to run a
country store or general merchandise bust
ness, and to do all other things necessary
or incidental to the carrying out of the
above objects and purposes.
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum Of one hundred
thousand dollars (S100,000.00), divided into
and represented by one thousand shares of
the par value Of one hundred dollars $1,000
per share. This company shall have the
right to commence business and be a going
concern when three thousand dollars (S3-
100000 OF the capital stock shall have been
subscribed for. All stock subscribed for
shall be paid for in cash or property re-
ceived or labor done at such time and upon
such terms and conditions as the board Of
directors shall prescribe. No transfer of
stock shall be admitted or held to be valid
or binding so far as the company is con-
cerned unless made on the books of the
company. No sale or pledge of stock shall
be valid unless said sale or pledge Is &C.
companied by written certificate signed
by the president and secretary treasurer of
the company to the effect that said stock
was offered to the remaining stockholders
through the board of directors at its book
value for period Of ten days and they had
failed or declined to purchase same.
Stock sold or pledged in cOntraventiOn to
this provision shall become the property Of
the stakeholder first rendering to the trans
ARTICLE V.
All the powers of this corporation shall |
be vested in and the business and affairs |
shall be managed by a board of directors
consisting OF three directors who shall be |
elected annually at a meeting of the stock |
holders on the first Monday Of October Of
each year, except the first board OF direc- |
tors named in this charter, who shall hold |
'fiice until the first Monday of October 1914.
All elections shall be held by ballot at
he office of the company under the super
5isiOn of two commissioners to be appointed |
by the board Of directors. Notice of such |
Meeting snail De given Dy the secretary
treasurer in writing, delivered to each stock
holder in person, or mailed to his last known
address at least ten days prior TO such
election, but this notice may be waived by
Ill the stockholders.
At all such elections and at all meetings
II the stockholders every stakeholder shall
,e entitled to one vote for each share of
took standing in his name on the books
II the company at the date of said election
IT meeting; said votes to be cast in person
II by written proxy, and a majority Of the
otes shall elect
The failure to elect directors at the an
Iual meeting shall not dissolve or affect the
nor impair its management in
ny respect; but the directors in Office shall
emain in office until their successors are
lected and qualified.
The board of directors shall elect as soon
s possible after their own election and from
heir own number, a president, a vice-presi-
ent and a secretary-treasurer and may
rant to each officer such power as they
eem proper.
All vacancies in the board for whatever
ause shall be filed by the remaining direc-
Ors. Any member Of the board may appoint
ny other director his proxy to act In his
lace and stead at a meeting Of the board |
ARTICLE vi.
This act OF Incorporation may be modified,
hanged or altered, or said corporation may
e dissolved with the assent Of three-fourths