The herald. [volume] (New Orleans, La.) 1905-1953, 1914-02-19

that may now or hereafter be granted by
lax to eofTPoTatIISpns Of this eha! .s
ton shall be in the City Of New Orleans
! Parish Of Orleans, State of Louisiana, and
all citations and other legal process shall be
served on the president, or in his absence on
Article III. The objects and purposes for
which this corporation is established, and the
nature OF the business 10 be carried on by
Il are hereby declared 10 be: To can and
pack fruits, vegetables, agricultural products
nsh, shrimp, crabs, oysters and other sea
food and all canned merchandise OF all kinds
Syrups and cordlals Of all kinds. To buy, sell
. ard deal IN all kinds OF merchandise, al
wholesale or retail and to act as agents and
. brokers Tor packers, manufacturers and deal
ers IN merchandise; to act as agents brokers
/ and commission merchants Tor planters and
. others engaged IN agricultural pursuits.
. And an connection with sand business 10
BUY, sell, own and operate and lease boats
and ashIng crafts, and all appliances used IN
. connection Herewith.
To buy, sell, lease, improve, drain, reclaim,
I lrrigate. plant and cultivate real estate IN the
State OF Louisiana and elsewhere; TO plant,
cultivate, buy and sell agricultural products
/ 10 lease, own and operate oyster beds and 10
plant and cultivate oysters. And Tor any OF
the purposes above stated 10 purchase or
/ lease, hold own or sell or rent out property,
. both movable and lnm0vab.e, as may be nee
+ essa-y or convenient To purchase, hold and
. sell stocks and bonds Of other corporations
. To own, conduct and operate general meT-
/ camille ard supply stores, 20 conduct public
/ or private warehouses and 70 issue negotiable
/ warehouse receipts Tor products stored there
/ IN, whether belonging 20 this company. or to
others, and generally 10 do any and all things
/ that may be necessary IN or convenient 10
I the accomplishment OF the purpose herein
above set forth. and IN connection herewith
/ 10 make all contracts requisite or eNpedIent
| 10 the accomplishment of any Of the purposes
/ for which tins corporation IS organized
Article N. The capital stock OF this cor
porat.on Is hereby fxed at the sum Of fifty
| thousand dollars 100000, divided into and
I represented by i've hundred shares 5000,
! Of the par value Of one hundred dollars
or may bc issued at not less than par Tor
services rendered TO, or for property purchased
( by Sald corporation, payment Tor SUCH stock
| shall be payable IN Installments on such
terms and conditions as the Board Of Dr.
reCtors may fN.
Certificates Of shares Of stock shall not be
issued until fully paid foT; and such stock
certificates shall be signed by the president
and by the secretary. or IN the absence or
inability Of the president or secretary to act
by the vice president. Said stock shall be
transferable only on the books OF the COM
pany, and on surrender OF due proof OF loss
Of the original certificate, and until such
transfer on the books Of the corporation, the
corporation shall be authorized to treat the
recorded owner as the owner TOR all pur-
poses.
This corporation shall be organized and be-
come a going concern as soon as three thou
sand dollars shall have been subscribed to
the capital stock.
No stock shall be sold or transferred until
II is first offered in writing TO the corpora
tion at the then book value which boOkvaluc
shall be sscertaired by the Board OF Direc-
tors at a special meeting called for that pur-
pose and held within thirty days from the
date Of such notice. The said corporation TO
have thirty days option on stocks so offered
from date of said notice; and any stock
holder or stockholders shall have the absolute
right and privilege TO purchase said stock at
its book value, as ascertained by the Board
Of Directors, upon the corporation declining
same, before said stock can be sold to anyone
not a stakeholder Of said corporation; and no
sale Of the stock Of said corporation shall be
effective unless said stock shall have been
first offered for sale to said corporation or its
stockholders, as above set forth, and by them
declined.
The capital stock of this corporation may be
increased or decreased provided by law,
and in the event OF said capital stock being
increased, then the stockholders shall have
the right 10 take the shares Of the increased
stock IN proportion OF the number OF shares
then owned by them.
The Board Of Directors shall have the power
10 sell and reissue the shares OF stock, which
shall be purchased by the corporation, under
the provisions above set forth, or for any
cause, by resolution Of the board at its then
book-value. but not less than par, and in
event same shall be first offered TO stock
holders OF record, as above provided, with re-
gard to increase OF capital stock. And pro-
vided further, that no purchase Of the stock
Of said corporation shall ever be made, ex-
cept out OF such surplues funds the cor
poration may then own.
Article v. All the powers of this corpora
ton shall be vested in and exercised by
Board OF Directors, pursuant to such regula;
tons as they may adopt, each OF whom shall
own at least share of the capital stock
of this Company. The said Board of Direc-
tors shall be elected by ballot at an annual
meeting OF the shareholders, under the super
vision of two commissioners OF election ap-
pointed by the Board of Directors, which
meeting shall be held on the last Wednesday
OF Noyember OF each year, beginning with the
year 1914, after due notice Of said meeting
shall have been sent by mail to the last
known address of each stakeholder, as left by
him with the secretary of the Company, which
TO the holding OF said meeting, but such no
tees may be waived by unanimous consent
At all meetings of the shareholders, each
shareholder shall be entitled TO cast one vote
by person or by proxy, on each share of stock
held by him, but no person shall vote any
stock transferred to him within ten days
prior to the holding of the election. AT any
meeting of the Board OF Directors, any drec-
tor, who may be unable to attend the same
may be represented by any other director,
who may cast the vote of the absent direci
tor upon all matters coming before the meet
ing, provided the absent director has given
him a written proxy. Two members shall con-
stitute quorum for the transaction Of bust
ness.
The Board of Directors shall have full power
and authority 10 sell, lease, mortgage or
pledge any and all OF the property, movable
or immovable, belonging to the Company
without referring to the stockholders for pow
er so to do, and they may also purchase or
lease for cash or on credit, property of any
kind tor the purposes OF the corporation, and
10 pay for the same by issuing full paid
shares of the capital stock of this company
without the necessity of referring 20 the
stockholders for authority or ratification
The Board Of Directors shall have full
'epwer and authority TO employ, appoint for
such time as they may deem proper, and to
dismiss such managers. superintendent
agents ana employees as they see mt, and to
NIX their compensation.
The officers Of. this Company shall be a
President, a Vice President and Treasurer
and Secretary, the Secretary need not be
stakeholder or director
Until the next general meeting of the stock
holders TO be held under this charter, viz: on
the last Wednesday of March, 1915 the fol.
OF Directors, viz: Leon III. Collet, F. Rivers
Richardson, James J. ORourke, with Leon ii.
COllet as president, F. Rivers Richardson as
vice president and treasurer, and lanes T.
Okourke as secretary. In case any va
eaney, either in the above named Board OF
DIRECTORS, or IN any other, the remaining
meUbers shall have the power to fill the va.
eancies, and all directors and officers OF this
company shall remain in Office until their
successors are elected and qualified Failure
TO hold the annual meeting shall not dissolve
the corporation, but the then directors shall
cause the meeting to be held as soon as pos
siole after the regular date, and after the
secretary, or president, or if they refuse or
are unable 10 act by any three stockholders.
. Article vi. This act of incorporation NAV
DC changed, modihed or altered, or this cor