The herald. [volume] (New Orleans, La.) 1905-1953, 1914-03-05
CHARTER
OF THE WEST INDIA MOLASSES
United States Of America, State of Louisiana,
Parish Of Orleans. City Of New Orleans.

IL i, - To- ~ PEI - Orleans Stst,
! of Louisiana. duIy commissioned. qualified and
! acting as such and IN the presence OF the
| - S,irrcs.cs berr,rsffer named and fnIrr.
! .igr-J ,.r.o,-zlly snns.red the Srvr-aI re-.
! on ,,r6s. r,~Irs arc HECTIC Subscribed vyhr
sevcraIiy declared that, availing themselves
| nf The n-oyIsiors of he Constitution and laws
Of he So, nj ,-,i,Iar, IN such cases made
and rreylgrJ fhfy have contracted and
ap-rei and iv these presents DO contract
! 80 80. ..l15,,,. "a 1,5-i ,r,.rrs,r,.- .s
conn. a.s-.t,F ,,,rr rr,.. d, constitute. and
form .u~ra.-.,r.-r or BODY .g,ltF- In Law, for
rh. objects and rrr-ru,r- and under the
ar,-,,.rt. ....l -tFr..rfr.r.- F.Ff,yrry IN Mi
ArrI.l. .r. r.,r, aud ,irrr ii Inns cor
un-ari1r5 shall .. N,-r India N,las-p, Com
nary. and D., -.r.l ra.t said corporation
Shall have succession and corporate existence
for and during the lrll term Of uiueiv-utrle
t.I wars tr.-. aud after the date If this
Act miles. -..or.r- dissolved and Iv sand
name % may contact sue and be sued II
shall have r..,,~ T., make and use a rrrp.--
ate seal ana lie same to alter AZ pleasure.
,o hold Least, sell rrl-rLaS, and convey a,
well a., MORTGAGE pledge and h1parncg4tc UNI
der li- corporate Name. real and personal
property. II shall have power 10 borrow
money and Issue security Tor the rayruerr
thereof. 20 make contracts and TO name and
rpl.4frr ,u.h ffrr.'ors managers ,fr-,r-.
agents and ,.-1pIayrs as IFS interests and con-
Iy-'a,,, rules aud yag,,rsrf.-s for n, nrop,r
MANAGEMENT and conduct Of MS business and
affairs; and also TO possess and exercise al
other uoy,ers and r-,vilrgfs which ,o-nnr.9.
tIors nf I'm, Kind are or may he at,rhrrizrd
d, r..-.-s or ,y,r..,s. ,,-l,- H.. C,r-,.,,,--,-,
and ,avy- of the STATE 81 Louisiana
Article H. The domicile o. tins corporation
shall be in the civ of New Orleans, in the
Parish Of Orleans and State Of louisiana
Artrclc III The objects and purposcs for
which this corporation Is formed and the ma
ture OF the business TO be carried on by It
are hereby declared to be: To import, store.
~pI or tf de al
ruPs and sugar and other merchandise, and
TO that end 60 buy. erect, lease and to own
and operate such buildings or plants, tanks
and other facilities, in the United States and
elsewhere, as may be necessary or OF use
IN M, me conduct OF ITS business; to operate
su(R storage TANKS ana buildings either as
Puni't or private warehouses;; 10 lease. rent
"" II anu op,.a'S' 'anN Ia.S' SillpS, p"tsSs
81 Sa!l merchandise ioT itself or Tor others
to' n'ic, /" du'di.,o or Io"h money on SSTIpS'
..'IaS>eS' sugars or DINER commodities held IN
~ sSery io- 10 ",I d uiohSr
20 go ~ '.'utH .uu"IN' INNS OF No'poId-
j. - p ~ S"',...is pI"LIts a. SuDH points
T. ''o noa.H "a Dl.eS'y,s MY ueltIil"G IoI
he s -" oG.urS anu masses, pom IN
ms S'alc diI clst"htrc' ana 10 dispose OF
1.S II"uu0' tnsieoi' 70 Duy, DuiId' lease or
49,, ~, "lq"jj! L.; anu opeI1Se sloSh lctu
!. "''u 10 u'SI'o>e Ltl!e pIouuSt mere
~, N..,slL IT, Oh olhet"!Se ACQUIRE own
-; W n Gnu HlIi'I tSl'I''d' anu port
and rXHc,di,,Ires 81 49,, url CONF C's
,,t 6S ,,cnslrS ;,oTy s may IN any
y D !i'CiuJH'Sl OF uSeluI IN tle
and r,,rroscs of his Cn-Iortio, maj.
- uh ms 80 ana ihClr
-, y, ~ t:NtGiiS anu 'Glu SuIh S'oCh OF
49,, ~ ~ 1872. a. ..ay Oe ueeneu heceS,
his co+rora,io- ~ s,D ne l.eIesls on
~ = Tto"' 80 80 10 Oe 'VISu % 'De
'oaiu VI DHe''o'S may ulieCt'
Article ~. All citations and other legal |
process against this corporation shall be |
served upon ITS President, or in his absence. |
Il
larry, at the domlclle Of the corporation; or /
'uch service may be made upon any other |
person VINO may be designated for that pur- |
pose by the Board OF Directors OF this Cor |
'oTation.
Article V. The capital stock of this cor /
,oration shall be FIVE hundred thousand dol |
airs (S5OOOOOOO divided into five thousand |
5000 shares of one hundred dollars ISI00 an /
zach. >f'1'''0)
As soon as fifteen hundred q son shares |
# the capital stock Representing one brrJ+ed I
md fifty thousand dollars CSl5OOOO OOI. shall !
ave the RIGHT n orcs,;,a IA P 49, .!d!I
less. Such stock Shall be paid for in Casb
" may be issued at not less than par for ser.
'ices rendered 10 said corporation or for prop /
rty or established business purchased nv =
Certificates of stock shall not he issued ,,n.
ess they shall be fully paid for in money.
totes secured nv stool ~ tbe Co,,-,,,,,. :, |
otherwise as the Board OF Directors ~ -
md determine. Payment for stock subscIibed
hall be made at such time or times as the
Board of Directors NAV FIX and detern,ine
Stock of this Company shall be transferabl.
My on the books of the Company on sur
ender of the outstanding certifcates div
ndorsed, either in person or by power Of az
orney. Until such transfer the Company shall
,e entitled to treat the registered shareholder
is the owner of his stock for ali nurnoses
No stock shall be sold or transferred until |
I is first offered in writing 10 the Cornora
ion at the then book value which book ILL.
hall be ascertained by the board Of D;recS
ors, at a special meeting called for that pur.
lose, and held within thirty days from Nh.
late of such notice The said Cornora+;nn
hall have thirty DAYS option on stocks so
fered from date of said notice: and anV
tockholder or stockholders shall have tb. al.
dilute right and privilege 10 purcbas. sid
took at its book yalur ss asce-ts;oaJ = ~
Board of Directors, upon the cornoTatio11 Je-
lining same, before said stock can be sold
o any one not a stakeholder of said cameo
ION; and no sale of the stock of said Cor
oration shall be effective unless said stock
hall have been first offered for sale to thu
aid Corporation or its Stockholders as sboye
ct forth.
The capital stock of this corporation NAV
e increased or decreased as provided bv Law
nd in the event of said capital stock being
increased, then the stockholders shall have
took in proportion to the number of sbares
hen owned by them.
The Board of Directors shall have the nower
, sell and reissue the shares of stock which
nall be purchased by the Corporation under
ne provisions above set forth or for any
ause, by resolution OF the board, at its then
ook value, but not less than par and in that
vent same shall be first offered 10 the stock.
olders OF record, as above provided with re-
ard TO the increase of capital stock And
royided further that no purchase of The
lock OF SAID Corporation shall ever be made