The herald. [volume] (New Orleans, La.) 1905-1953, 1914-03-12
CHARTER
OF THE UNITED COFFEE COMPANY.
January, 1914

.'... ..-.t-.d ari fourteen, before Gr, kOO,
irrt l,gIe-, notary puyHD' dIy 1o"-..'7s ~
Ir-f qIallu,d 10 and Tor the pa'ls1' -,
..- state II louisiana, aforesaid $500 80
.t'rg and IA the presence oI the Witnesses
hereinafter named and Undersigned Pc 2o '..
ally l4-c and appeared. the persons "oI
names are nvIriuHiJ suysSI4Jl-' W. - ~
that ayaa.IEg themselves o. lAc prov a
the law Is this state, they have CoNe'a''.1u
and agreed, and do, by these pTts,"F ~
uaut, agree, bind, form and constitute 't -.
selves. as Acll as such other persons . nay
r.rg.frfT lg.u OF become associated VIII. '.'S1A
INTO a corporation and body py.i'.- 10 'tH ,
10. the objects and purposes anu N--tI '..S
agreements and supuIatIUUs IOi!O"lLs' '''"4''
| 7Arrtrg, The name and style q TINS cor
pgrat.uu shall be the United Nohcc No..'t1.ts'
and uud,r that name II shat! nave anu t'yyS
al. the nights, advantages ana y ~ -.
cd by Law 10 corporations; IL sHdh SN'9' az
a pcTigd u ninety nine years from me 4aIe
hereof, II shall have power ana a-'"oi''! -
contract, sue and be sued IN us N"'P''1'S
name; to make and use a corporate Sta!' anu
the same to break OF alter al pIeasu.c' u
hold, receive, purchase, convey, MOI ss"se
and hypJthcCdtc property zeal. PERSONA anu
mixed: to issue bonds, notes and o'AIT ou'
iLyatiOus: To have and employ such mana
| gers. Ufnycrs, directors OF other employ StS
as the interest and convenience OF sala COT
pyratIgu may require, ana 10 MAKE ono %
taUlIsh such bylaws, rules ana res a'a'!oL2
for the corporate management and coh'IoI OF
the business and affairs OF the SAID corpoT-
alton as may be deemed necessary VI expo
dent.
Article 1.-The domicile OF sand corpora
non shall be IN the city OF New Orleans,
state OF Louisiana, but II may cstab4ish OF,
noes or agencies throughout the OHiteq
! States OF America or foreign countries. Al
citations and other legal process saaA DC
served on the president and III ms absence
| on the viCe-prcsIdent Of the corporation. IN
the event Of the absence OF both OF sald Oh
! nCeTs then sand process shaIi De SeI'eu Oh
| the secretary.
Article HI.-The objects and purposes for
| which this corporation IS organized and the
nature Of the business 10 be carried on Dy
| It are hereby declared 10 be: 10 purchase
| and sell coffee, tea, mOlasSCs, grams, CtTe-
ais and any and every other kind VI mcTchdn-
disc OF commodities, whatsoever 10 roast,
grind and pack Coftecs and teas, and 10 pre-
pare in any manner all kinds OF meTChaI-
| disc which said corporation may uteEl al
| visable Tor the carrying on OF ITS BUSINESS
| to engage IN any and all commercial or Plan
| tatIOn pursuits, without any TtSuiSilohs
| whatever, and generally TO do and engage
| IN any other business, undertaking or en-
tcrpriSe connected with, growing out OF, ger
name or incidental to any OF the objects and
purposes hereInabOve set forth or contem'
Article V-The capital stock OF this cor
poration IS hereby nxed at the sum OF one
hundred and fifty thousand tSloluUuO dol
lars, divided into one thousand, I'VE nun
bred CISCO shares OF the par value OF one
hundred $4,000 dollars, each, one hundred
| thousand (SlOOOU0) dollars, or one thousand
|
stock with guaranteed annual dividend OF
| seven per cent q pct) cumulative, and nifty
| thousand (SO,UO.OO) dollars or hve hundred
$500 shares OF which shall be common stock.
The preferred stock OF this corporation
| shall be paid for in cash when issued, or
| in Installments may be directed by the
| board Of directors Of this corporation, or may
| be issued at not less than par Tor property
purchased by or services actually rendered
| to said corporation.
The common stock of this corporation shall
be paid for in cash when issued, or IN IN
| stallments as directed by the board OF d-
rectors OF this corporation, or may be issued
at not less than par for property purchased
by or services actually rendered to said cor
poration.
All shares of stock shall be full paid and
| worcestershire and all certificates OF stock
! shall be signed by such officers of the cor.
poration as may be determined by the board
| of directors.
The preferred stock of this corporation,
| except as hereinafter provided shall be
'non-voting," and shall be so marked across
| the face of all certificates of preferred stock
in appropriate lettering
| Article VAN 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 d.
| rectors to be composed of not less than
| three nor more than seven stockholders, each
| one of whom must be holder Of not less
than ten shares of the common stock of this
| corporation in his own name on the books
of the company. A majority of the direc-
tors shall constitute quorum for the trans
| action of all business. The directors shall
be elected annually on the first Wednesday
| of October Of each year, unless a legal holt
day, and in that event on the next succeed
ing day not legal holiday, by ballot of the
| owners OF record OF the common stock of the
| corporation, and majority of the votes
cast shall elect. Each owner of common
stock shall be entitled in person or by writ.
ten proxy to 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
regulations as may be determined by the
board of directors, but after at least ten
days notice of such election shall have been
given to each owner of common stock by
mail sent to his last known address or by
publication in one of the daily English
newspapers published in the city of New
Orleans for at least ten days preceding such
election. The directors thus elected shall
successors shall have been duly elected and
qualified. No failure to hold an election
shall be regarded as a forfeiture of this
charter Any vacancy occurring the board
directors for the unexpired term The said
board of directors shall likewise elect the
additional members in case they should de.
termine to increase the number of the board
as above provided. Said board of directors
shall, at its first meeting elect from among
ITS number, president, a vice-president a
secretary and treasurer. 1t may combine
the two last mentioned Offices into one and
may even elect secretary who need not be
a stockholder. Said board of directors shall
have the night TO appoint and dismiss such
clerks, managers and other EMPLOYEES of
the corporation, including the secretary who
is not stakeholder or director, as condi-
tons may Justify the business of the
corporation may require. The tenure of Of
nee OF all the employees of the corporation
shall be during the pleasure of the board of
| directors.
Article Vino stakeholder shall ever be
held liable or responsible for the contracts
faults or debts OF this corporation nor shall
any mere intormality in its organization
have the effect of rendering this charter
null or OF exposing a stakeholder to any liza.
pihty beyond the unpaid balance due on the
| shares OF stock owned by him.
Article VlI.-This act of incorporation NAV
be changed. modified or altered, or this cor.
poratlon may be dissolved with the assent
OF the stockholders owning three.fourths of
the preferred and common stock of this cor
| pofauon, at general meeting convened for
| that purpose after notice shall have been
| gwen 10 each holder of said common and
preferred stock OF this corporation in the
| manner and form prescribed in Section V
| oissoIution OF this corporation by the expir.
| auon OF It's charter or otherwise the hold.
eIS OF common and preferred stock shall
| eiect IRON among their number three lioui.
| Gators, who shall have full power and an.
| thority TO hquidate and settle the business
ana AFFAIRS OF the company. In the event OF
the death or inability Of any Of said com.
nllssioners or liquidators, the survivor or
Survivors shall appoint a successor or Gu
cessoIs to him or them.
Article NllI.-In the event of III. I;,r;
dation OF this corporation, by the expira.
non OF IT'S charter or otherwise the nre
ierred stock, then outstanding, shall he frst