The herald., 1913-07-17

the constitution and laws of the state OF
Louisiana.
Article 1.-THE domicile of this cOrpor-
alton shall be in the city of New Orleans In
the parish of Orleans and state Of Louisiana.
Article III.-The objects and purposes Tor
which this corporation Is formed and the
nature Of the business to be carried on by
it are hereby declared to be: To store. or to
buy and sell, and otherwise deal In, mo
lasses and sugar and TO that end TO buy,
erect. lease. or TO own and operate, such
buildings or plants as may be necessary or
of use In the storing and handling OF mo
lasses and sugar, the property OF others or
of this company and TO operate such stor-
age building as private or as pubic ware
houses: TO own, or to lease, and operate
barges or barge lines, or tank cars, or otner
means OF transporting and handling mo-
lasses and sugar; to advance or loan money
on molasses or sugar held in storage or
otherwise secured; to erect canning plants
at such points as the board OF directors may
determine for the canning OF syrup and
molasses and to dispose Of the products
thereof To spend money In experiments
as to the best methods and packages In
which to store, handle or distribute mo-
lasses and sugar; to gather and distribute
to its stockholders or customers informa-
tion as to the prices and supplies Of sugar
and mOlasses; and to make all such con-
tracts and expenditures of money, as may,
in any way, be, or become necessary Incl.
dental or useful in the accomplishment OF
the declared main objects and purposes OF
this corporation.
Article IV.-All citation and other legal
process issuing from the courts against TINS
corporation shall be served upon Its presi-
dent or in his absence, either upon Its vice
president, or it's secretary-treasurer. at the
domicile Of the corporation; or such ser
vices may be made upon any other person
who NAV be designated for that purpose by
I ie board OF directors of said corporation.
Article V-The amount Of the capital
stock Of this corporation shall nd be two 0 nun
vided into two thousand shares t2,OOOl OF
the par value of one hundred dollars C$1OO)
| each As soon as three hundred and nfty
shares (350) of its capital stock, represent
| ing thirty-fve thousand dollars (S35OOO)
| shall have been subscribed, this corporation
shall have the right to organize and com;
mence business. Certificates OF stock shal!
| not be issued unless they shall be fully paid
| for In money notes secured by stock OF the
| company, or otherwise or for property sold
said company, or services rendered to It
Stock Of this company shall be TRANSFERABLE
| only on the books of the company on sur
| render OF the outstanding certificates duly
| endorsed or with power OF attorney. Untl
such transfer the company shall be entitled
| to treat the registered shareholder as th'
owner OF this stock for all purposes.
| No stock shall be sold or transferred un
| til It Is first offered In writing TO the cor
poration at the then book value which bool
value shall be ascertained by the Board o
| Directors, at a special meeting called To
that purpose, and held within thirty day
from the date of such notice. The salt
1
stock so offered from date of said notice
and any stakeholder or stockholders shall
have the absolute right and privilege Z
purchase said stock at Its book value, a
ascertained by the Board OF Directors, upol
the corporation declining same, before sal
I stock can be sold to anyone not STOCK
holder of said corporation and no sale O
the stock of said corporation snail De el
fectiye unless said stock shall have bee
first offered for sale to the said corporation
or Its stockholders, as above set forth. an
by them declined.
The capital stock Of this corporation ma
be Increased or decreased as provided b.
law. and in the event of said capital stoc
being increased, the then stockholders shal
have the right to take the shares OF tn
increased stock In proportion TO the numbe
of shares then owned by them.
The Board Of Directors shall have tn
power to sell and reissue the shares o
stock, which shall be purchased by the col
poration, under the provisions above Sc
forth. or for any cause, by resolution OF IN
Board, at its then book value, but not les
than par and in that event same shall B
first offered to stockholders Of record, a
above provided. with regard to Increase G
capital stock. And provided, further tina
no purchase Of the stock Of said corporate
shall ever be made, except out OF such SUI
plus funds as the corporation may then owl
ARTICLE Vino stakeholder OF this co
poration shall ever be held liable for IN
, contracts or faults of this corporation
, any further sum than unpaid balance du
, for BY him; nor shall any mere Informant
, in organization have he effect of renderin
, this charter null or of exposing any stocl
holder TO any liability beyond the amour
| of his unpaid stock subscription.
| ARTICLE VII-An the powers or IN
e corporation shall be vested in, and exercise
: by a board of not less than three CD q
| rectors the directors shall be elected by Da
| lot at an annual general meeting or u
: stockholders held after notice published
: one of the daily newspapers OF New .
leans, once a week for thirty days or !
: written notice mailed to each stockhold
: at his last known address. The first or u
: said annual general meetings snail be ne
Z on the first Monday in July, 1914.
At such meetings, every stockholder sna
: be entitled to cast In person or by prox
+ one vote for each share Of Issued and GU
+ standing stock held by him, for the electl'
+ OF each director, and the candidates VINO
d receive the greatest number of votes sha
0 he elected The rules governing the annu
e election shall be fixed by the Board OF ID
0 ectors at its first meeting.
, III the annual meeting shall not be ne
= on the day fixed by the Charter, Il shall
: held as soon thereafter as possible, AT
= due notice given as above. Special me- me-
. ipgs of the board Of directors may be cali
? at any time, on the order of the presidel
: The Board Of Directors shall meet regular