The herald., 1913-05-22

VI ll.L Nl-HA 49, SSNhNS I'm
April II, 1913.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
lie il known, that on this eleventh day Of
the month Of April, in the year one thou
"a ud nine hundred and thirteen, before me,
Robert LegieT, notary public, duly com
missloned qualified and sworn in and for
the parish Of orleans, state OF Louisiana,
aforesaid therein residing, and In the pres
euCe OF the witnesses hereinafter named ana
undersigned, personally came and appeared
che persons whose names are hereunto sub
scri6ed, who declared that ayailing them
selves OF the provisions Of the laws OF the
state OF Louisiana, In such made and pro
viled, they have cOvenantcd and agreed,
and do by these presents covenant and
agree, bind, form and constitute themselves,
as well such other persons as may mere
after join or become associated with tAen'
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 It shall have and en-
JOY all the rights, privileges ana adEahlastSS
exist for a period OF ninety-nlne years from
the date hereof; II shall have power ana
authority TO contract, sue and be sueh IN
its corporate name; 10 make and use a
corporate seal, and the same 10 break or
alter at pleasure to hold, receive. purchase,
convey. mortgage and hypOthecate property
real personal or mixed TO issue bonds, notes
and other obligations to have and employ
such managers, directors. agents and other
employees as the interest and convenience
OF said corporation may require or deHahd
and to make and establish such bylaws
rules and regulations for the corporate man
agement and control OF the business and ar |
fairs OF the said corporation as may De
deemed necessary or e1pedient.
ARTICLE II.
The domlcIIe Of said corporation shall be
In the city OF New Orleans, state or Lou,
isiana hut Il may establish ot0ceS ana
a agencies throughout the United States or
America or foreign countries. All CITATIONS
and other legal process shall be served on
the president, and in his absence on tne
vice-presldent or secretary-trelsuFer OF sd'u
corporation.
ARTICLE III.
The objects and purposes for which this
corporation is organized and the nature On
the business TO be carried on by IL are mere
by declared TO be: 10 deal In, buy, sen OF
store for Its own account or Tor the &C
count Of Others, all kinds OF merchandise
and commodities, principally sugar ana mo-
lasses TO lease, rent, hire, own ana opeIate
tank cars water craft or any vessels Wnetn-
or propelled by steam or otherwise, tugs,
Ia rges or other craft for the transportation
of said merchandise, commodities or pas
eengcrs to act as broker or agent Tor H.
dividuals, firms or corporatalohs' 20 CON
struct ard erect or contract for the con
structOn and erection OF docks, tugs, Darges'
tank cars, water craft, workshops ana me-
charlcal plants, and generally to do ana
IN
or enterprise connected with, growing out
Of germane or incidental to any OF the OBJ
iects and purposes hereinabOve set forth or
contemplated by this charter.
ARTICLE ".
The capital stock OF this corporation Is
hereby fixed at the sum OF fifty thousand
1850 0OOOO) dollars, divided into five hun
dred (5OO) shares OF the par value OF one
hundred (S100.0O) dollars each, which snail
be paid for In cash, or may be issued at not
less than par for services rendered to or
actually purchased by this corpor-
All shares Of stock shall be full paid and
No transfer OF STOCK shaiI
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 board OF directors to be com.
whom shall constitute quorum for the
transaction OF all business The directors
shall be elected annually, by ballot OF the
on the first Monday Of April,
in each year. Each stakeholder shall be
entitled, either In person or by written
proxy, TO one vote for each share or stock
owned by him and standing In his name on
the books OF the corporation. All elections
shall be held under such rules and regula-
tions as may be determined by the board OF
directors, but, after at least ten days notice
Of such election shall have been given In
writing to each stakeholder sent to his
last known address by mall, or by publica-
ton In one Of the daily newspapers pub
lished In the city OF New Orleans for at
least ten days preceding such election. The
directors thus elected shall continue In
ONCE for one year or until their successors
shall have been duly elected and qualified.
No failure TO hold an election shall be re-
vacancy occurring on said board Of direc-
tors shall be filed by the remaining direc-
tors for the unexpired term. Said board
Of directors shall at Its first meeting elect
president, a secretary and a treasurer. 1t
may combine the two last mentioned offices
and may even elect secretary who Is not
a stakeholder. Said board OF directors shall
have the right to appoint and dismiss such
clerks, managers and other employees OF
this corporation. including the secretary
who Is not a director or stakeholder, as
conditions may justify or the business Of
the corporation may require. The tenure
OF office OF all the employees Of this corpor-
alton shall be during the pleasure Of the
board OF directors.
ARTICLE VI.
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts OF this corporation, nor shall any
mere informalHy in Its organization have
the effect of rendering this charter null or
Of exposing a stakeholder TO any liability be-
yond the unpaid balance due on the shares
OF stock owned by him.
ARTICLE VII.
This act OF Incorporation may be changed,
modified or altered, or this corporation may
be dissolved with the assent of the stock
holders owning a majority of the stock of
the corporation, at a general meeting con-
vened for this purpose, and after at least
ten days notice shall have been given to
Zach stakeholder in the manner and form
as provided for In Article V OF this act of
In case OF the dissolution of
his corporation by the expiration OF Its
charter or otherwise. the stockholders shall 2
.lect from among their number three liqui-
iators. who shall have full power and au-
-hority TO liquidate and settle the business ,
Ind AFFAIRS OF this corporation. In case Of
he death or inability Of any Of said COM {
nissioners, the survivors shall appoint q ,
to him or them.