The herald. [volume] (New Orleans, La.) 1905-1953, 1913-05-01


selves Of the provisions Of the laws OF the
state Of Louisiana, In such made and pro
yided, they have coyenanted ana aSreeu
and do by these presents covenant and
agree bind, form and constitute themselves
as we'll as such other persons as may mere
after join or become associated with them
into a corporation and body polite IN law,
for the objects and purposes and under the
agreements and stipulations following To-
wit:
ARTICLE l.
The name and style Of this corporation
shall be the West India Sugars Company,
and under that name IL shall have and en-
Joy all the rights, privileges and advantages
granted by law TO corporations sna!i
exist for a period OF ninety-nine years from
the date hereof; It shall have power ana
authority TO contract, sue and be SUED IN
its corporate name; TO make ana use
corporate seal, and the same TO break OF
alter at pleasure; TO hold, receive, purchase
convey, mortgage and hypOthecate property,
real personal or mixed 10 issue bonds, hOtes
and other obligations; TO have ana enpIOy
such managers, directors, agents ana VtneI
EMPLOYEES as the interest and convenience
OF said corporation may require or demand !;
and to make and establish such bylaws
rules and regulations for the corporate ma
agement and control OF the business ana ar
fairs OF the said corporation as may De
deemed necessary or expedient.
ARTICLE II.
The domIcile OF said corporation shall be
in the city OF New Orleans, state or Lou,
IsIana, but II may establish offices ana
agencies throughout the United states OF
America or foreign countries; AN CITATIONS
and other legal process shall be served on
the president and In his absence on the
vice president or secretary treasurer OF said
corporation.
IpTICTF III
The objects and purposes for which TINS
corpora tIon Is organized and the nature OF
the business to be carried on by II are here
nv declared TO be: to deal in, buy, sell or
STORE for its own account or for the &C
count OF others, all kinds OF merchanulse
and commodities, principally sugar ana mo-
lasses to lease, rent, hire, own ana operate
tank cars. water craft or any vessels, wheth-
or propelled by steam or otherwise, rugs,
barges or other craft for the transportation
OF said merchandise commodities or pas
sengers; to act as broker or agent Tor IN
dividuaIs. firms or corporations; TO con-
struct and erect or contract for the con-
struction and erection OF docks, tugs, barges,
tank cars, water craft, workshops and me-
chanlcal plants, and generally 10 90 anu
er enterprise connected with, growing out
of. germane or Incidental to any of the OBJ
jects 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
$3.50 OOO. OO) dollars, divided into five hun
dred (50O) shares Of the par value or one
hundred (S1OO.00) dollars each, which shall
be paid for in cash, or may be issued at not
less than par for services rendered TO or
property actually purchased by this corpor-
alton. i
non-assessable. No transfer Of stock shall
beblnding 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 a board OF directors to be COM
posed of seven stockholders, a majority OF
whom shall constitute quorum for the
transaction of all business. The directors
shall be elected annually, by ballot Of the
stockholders, 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 Of 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-
lions 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
tion In one Of the daily newspapers pub
lished In the city of New Orleans for at
least ten days preceding such election. The
thus elected shall continue In
shall have been duly elected and qualified.
No failure to hold an election shall be re-
garded as forfeiture Of this charter. Any
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
from among Its number president, vice
president, a secretary and a treasurer. 1t
and may even elect a secretary who Is not
, stockholder. Said board Of directors shall
have the right to appoint and dismiss such
clerks, managers and other employees Of
who Is not a director or stakeholder, as
conditions may justify or the business Of
he corporation may require. The tenure
" ONCE OF all the employees of this corpor-
stion shall be during the pleasure Of the
BOARD Of directors.
ARTICLE vi.
No stakeholder shall ever be held liable
,r responsible for the contracts, faults or
iebts of this corporation, nor shall any
mere informally in Its organization have
he effect OF rendering this charter null or
Il exposing a stakeholder to any liability be-
Tond the unpaid balance due on the shares
4 stock owned by him.
ARTICLE VII.
This act OF Incorporation may be changed,
modified or altered, or this corporation NAV
We dissolved with the assent Of the stock
folders owning a majority of the stock Of
he corporation, at a general meeting con-
Tened for this purpose, and after at least
en- days notice shall have been given to
ach stakeholder In the manner and form
Is provided for In Article OF this act Of
Incorporation. In case of the dissolution Of
his corporation by the expiration Of its
harter or otherwise, the stockholders shall
.lect from among their number three liqui-
iators, who shall have full power and au-
horfty TO liquidate and settle the business
ind affairs OF this corporation. In case of
ne death or inability Of any Of said com
nissioners, the survivors shall appoint q ,
'uccessor to him or them.
ARTICLE VIII.
Immediately after the signing of this
,harter, the stockholders shall elect from {
tmong their number president, a vice I
president, a secretary and a treasurer who
nail hold once until the election to be held {
ARTICLE TX.
This corporation shall be a going concern
Is soon as three thousand ($S, OOO.OO dol
ars, or thirty 1901 shares of its capftal
stock shall have been subscribed for. I
thus done and passed at my once in the I
NY OF New orleans, on the day, month and a
nee or Theodore A Beck and John p. Ca. I
.aie, both OF this city, competent witnesses I
vho nave hereunto signed their names with G
ne said appearers and me, notary, after
lue reading Of the whole. a
, Original signed: Jno. A woean. ten a
hares Otto F. Drewes, ten shares: "a n /
iaginnis, ten shares; Chas. B. Magfnnis. r
ga snares; Jules NJ. Wogan, ten shares 4