The herald. [volume] (New Orleans, La.) 1905-1953, 1914-03-12
CHARTER
OF THE WEST INDIA MOLASSES

pe - L-r,u.r That on this sixth day OF
Eeh-,,sry nm The wear OF our Lord, one thou
- -, L,,rT-a5 md fourteen Ggl4 and
= ~. T,lauerderre Of the United States of
-. -. or-, brnS-cd and thirty-cfglth IN.
- - "a Norg7n GurIey. A notary pub
~; an M in- he Parish Of Orleans. State
t I ',;l,.-, F,,Iy COMMISSIONED. qualified and
-, az srrI and IN the presence Of the
a., ,,,,,,es.r. hereinafter named and under
~ ,...[.,,fr,. snrearcd the several per
IS Vs. - ,,.-,.s az, Errrro subscribed who
.,,,.s ii, II.r.5 ,hst avsilirg themselves
- ,tr,,,;s;.,,e 80 H. Constitution and laws
81 w p.",.9f -, IN srrh cases made
~. nv -.I r., nc contracted and
.u - Ia. ,IS.e n-r.errs do contract
81 -. ,rlycar- md hind themselves. as
I'll o III .,,rh I,,r.,,ns as may hereafter be
= - ,,.,rL Thorn ia constitute and
I'm ,,;, ~ b1fy rolitic in law. for
b.. ~ -, ard n,r-rnsr. and under the
.....,,. II s,i,.-,fl,fnrs following 10 Wit.
Ar,icIe l. The name and title Of this cor
- nj l.. ~. Ida NoIas~rs Com
Io.'..' - II ,,,rr- said ro-roratIou
ri - .,,s,e..,,r nd sorporafe existence
80 III T,ri,l,, he fr,iI terri, Of ulucty-ulue
I0., - -, IA ito the date Of this
a, -. - d5,s0ived and by said
- :. -. -C.,.,r,-t sue and he sued II
Ill ~. ,,,,,.r IN make and usr a corpor-
a., III - ~ sarrr IN alter AZ measure:
III -. Ill r,,-rbase and convey. as
Ill ~ ,,,>,r,e,,c rlrdgr and hyporhecatc un-
L. =, r,r,s'r9,s name real and pcrsoual
rrIr,-,,, II shall have mower 10 borrow
-. mi i.,1r security for the pgyueut
,,,,,,,. III d,-,r,,rs managers officers.
sgrnts and cTunIoycs as its interests and con-
,se,,,e,,-e ,r,y trcG-ire. IN make and establish
- - IL. srJ rer,larrors for the Dr0p,r
oS ,'',1,, - r,r,I1,r, ~ as business and
fs,IrS. ard sIso 10 nnsscss and exercise all
- ,oy,.rs I'D rrivileges which Corpora-
,inns II tbis Kind are. or NAV be authorized
80 r,ssess ar ev,rcIse under The Constitution
~ Luz ~ he Stste ~ Louisiana
Ar,,rie II The do-1iriIe nj This corporation
sbsil he in the civ Of New Orleans, in the
parisb of Orleans and State OF Louisiana
Art,rle III The objects and purposes for
which this corporation is formed and the ma
ture OF the business TO he carried on by It
are hereby declared to be: To import, store,
buy, sell or otherwise deal in molasses, sy.
rups and sugar and other merchandise, and
to that end to buy, erect, lease and to own
and operate such buildings or plants, tanks
and other facilities, in the United States and
elsewhere, may be necessary or OF use
in the conduct OF ITS business; to operate
suSn storage ldI'Ns anu alIui"sI ot.''eL a.
puDhc or private warehouses; 10 Leasei rehl,
nlie own anu opeIal' ann la %, h,9
or otheT wafer Cfdll LOT ue transportation
Of said merchandise for itself or TOR others
IoI I'lic' 10 duNd ui Io"II I..otT On IPs,
hloIasses' sugars OF olel Sgli'i'ou,'e "SIu ~
storage OF 'Aei"5,st SeCGIcu, 70 AZ d. JIM
oi ase'I io' illuir !uu',S' tl''.S ~ vi ;'
lions 10 erect canning pants a. suCh poIt!'s
a. 'lle p1aLu % D.,eC'ois ma ue III iul
,s VS,l'!l"s u sgIupS anu ilI'asseS Dot!I u.
ms stare dnl tlsS".ttT' ana 10 ,u'Spose Vi
snG PIouu0' lLe!eo'' 10 guy, Du.'u' teGse 80. oi
uiHeI"'sc dNfuIc anu oPC'dle letu
pants ana 10 aisPose OF me produEt mere
or 10 CohSliuTt OF oIIeI"!se acquire, own
anu oPeId'c uICNs anu TtHeL ieiILlLa' anu PoIt
"a ,,,i IT, 49,, "a ~ -; 80 ~,
a.Lu P 80" "a ,,os 10 - =; 90 80
way uT LeeSsS''s Vi uSSiu' ~ ll.c
aC,9'' punishment 81 tne ueCiaItl mann YOJeCtS
d..u Pu "L ms Ia anu
I,a'lS, 70 aCqu-'S "nu ~ 80 800 Vi
o o, SoTboTTai,I"S as may De deemed neees
sa:S vi ne .PIu' 70 Pio"lJtI "ie 80 ol
p ~ - - - 20 W 'O'u d. '"'
"oa'u Vi DI'N'oie may uiie0''
Article ~. All citations and other legal
process against this corporation shall be
served upon its President, or in his absence.
either upon ITS Wee President or ITS Secre-
tary' at the domcIIe OF the corporations; or
such service may be made upon any other
person who may be designated Tor that pur-
pose by the Board OF Directors OF this Cor
poration.
Article V The CAPITAL stock of this cor
poration shall be five hundred thousand dol.
lars (SSOOOnOO divided into five thousand
(5,OOO) shares of one hur bred dollars CSlOlOO
each
As soon as fifteen hundred q. 5000 shares
Of the capital stock represening one bundled
and fifty thousand dollars CSl0O0O OO, shall
have been subscribed this Corporation shall
have the right 10 organiz, and commence h,,Si-
ness. Such stock Shall be paid for in cash
or may be issued at not less than par for ser.
vices rendered TO said CORPORATION or for pron-
erty or established business purchased by II
IertlnCafeS OF stock shall be issued m
less they shall be fully paid for in Nancy
notes secured bv stock ~ the Comnanv ~
otherwise, as the Board Of Directors NAV FIX
and determine PAYMENT for stock subscribed
shall be made at such time or times as the
Board of Directors NAV FIX and determine
Stock of this Company shall he transferabI,
only on the books of the ComDanv on sur
render of the outstanding Certificates dulv
Endorsed, either in person or by power of AZ
torney. Until such transfer the COMPANY shall
be entitled to treat the registered Shareholder
as the owner of his stock for ali purposes
No stock shall be sold or transferred until
il is first offered in writing 10 IN. Cornora.
ton at the then book value, which book vain.
shall be ascertained by the Board OF Direc-
tors at a special meeting called for that nur-
pose and held within thirty DAYS from m.
date of such notice The said Corporation
shall have thirty DAYS option on stocks so
offered from date of said notice: and any
stakeholder or stockholders shall have the ali.
solute right and privilege 10 purchase said
stock at lis hook value. aS asc-rta;nsd hv tb.
Board of Directors. upon the cornoratio1 de-
clining same before said stock can h, sold
to any one not a stakeholder of said corpora-
ton; and no sale of the stock of said Cor
poration shall be effective unless said stock
shall have been first offered for sale to tbr
said Corporation or its stockholders as above
set forth.
be increased or decreased as provided by law.
and in the event of said capital stock being
increased, then the stockholders shall have
the right to take the shares of the increased
stock in proportion to the number of shares
then owned by them.
The Board of Directors shall have the mower
to sell and reissue the shares of stock which