The herald., 1914-01-29
CHAR TER

CHARTER
OF LOUISIANA CANNING COMPANY.
United States of America. State Of Louisiana
Parish OF Orleans, City Of New Orleans.
BE II known, that on this 18th day OF the
month of January, IN the year OF our Lord
one thousand, nine hundred and fourteen, and
OF the Independence of the nlted states ol
| America the one hundred and thirty-cighth
before me, Frederic Charles Marx, a notary
public, daily commissioned and qualIhed, m
and for the Parish and State aforesaid, there
in residing and in the presence OF the wit
| neSSes hereinafter named and undersigned
personally came and appeared, the several per
sons whose names hereunto subscribed
who declared: That awaiting themselves OF
the provisions of the Constitution and laws
of the State of Louisiana relative to the for
nation OF corporations, they do by these pres
entS form themselves, their successors and as.
signs into a corporation under the laws OF
the State of Louisiana, and under the stipu-
lations hereinafter set forth, to wit:
Article /. The name of this corporation
| shall be Louisiana Canning Company, under
which name 1t shall have and enjoy corpor.
ate existence and succession Tor a period of
ninety nine years from the date OF this act,
with full power in the prosecution and for
| the purposes of its business, as hereinafter
defined to contract, sue and be sued, to ac-
quire, lease, use, hold, ALLEVIATE, mortgage,
pledge or otherwise cucumber, any property,
| movable or immovable, in and out of the State
of louisiana to issue notes, bonds or other
| evidences of Indebtedness and to secure the
| same by pledge, mortgage or otherwise; to
! appoint or elect such directors, officers, man
| ayers or agents. as its business may require
| to make, amend or repeal at pleasure bylaws
for the management of its affairs and gen.
| orally to exercise all the rights and powers
| that may now or hereafter be granted by
law to corporations OF this character
Article III. The domicile OF this corpora
! tion 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, in his absence on
| the vice president.
Article Ill The objects and purposes for
| which this corporation is established, and the
nature of the business to be carried on by
it hereby declared TO be- To and
pack fruits, vegetables, agricultural products,
FISH, shrimp, crabs, oysters and other sea
food and all canned merchandise of all kinds
| and descriptions. To manufacture and pack
syrups and cordials of all kinds. To buy, sell
| and deal in all kinds of merchandise, at
| wholesale or retail, and to act as agents and
| brokers for packers, manufacturers and deal
| ers in merchandise; TO act as agents, brokers
and commission merchants for planters and
others engaged in agricultural pursuits.
/ And in connection with said business to
buy, sell, own and operate and lease boats
and fishing crafts, and all appliances used in
connection Herewith.
To buy, SELL lease, improve, drain, reclaim,
irrigate, plant and cultivate real estate in the
State of Louisiana and elsewhere; to plant,
cultivate, buy and sell agricultural products
to lease. own and operate oyster beds and to
the purposes above stated, to purchase or
lease, hold, own or sell or rent out property,
both movable and immovable, may be nee
essary convenient. To purchase, hold and
sell stocks and bonds of other corporations ;
TO make loans and advances to its customers.
To own, conduct and operate general mer-
camille and supply stores, TO conduct public
| or private warehouses and to issue negotiable
warehouse receipts for products stored there
| in, whether belonging TO this company, to
others, and generally to do any and all things
that may be necessary in convenient to
the accomplishment of the purpose herein
| above set forth, and in connection Herewith
to make all contracts requisite expedent
to the accomplishment of any of the purposes
for which this corporation is organized
| Article w. The capital stock of this cor
pOration is hereby fixed at the sum of fifty
thousand dollars (S50,OO0.O0), divided into and
| represented by FIVE hundred shares (5O0OO)
Of the par value of one hundred dollars
| $4,000 each, which shall be paid for in cash
| or may be issued at not less than par for
services rendered to, or for property purchased
] by said corporation, payment for such stock
| shall be payable in installments on such
terms and conditions as the Board of Di-
| rectors may TX.
| issued until fully paid for; 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 the books Of the corporation the
corporation shall be authorized to treat the
recorded owner as the owner for all pur-
poses.
This corporation shall be organized and be.
come going concern as soon three thou
sand dollars shall have been subscribed 10
the capital stock.
No stock shall be sold or transferred until
II is FIRST offered in writing to the CORPORA
ton at the then book value which book-vaiue
shall be ascertained 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 10
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 stakeholder of said corporation; and no
sale OF the stock of said corporation shall be
enectiye unless said stock shall have been |
hrst offered for sale to said corporation or its
declined
The capital stock of this corporation NAV 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 of the number Of shares
The Board of Directors shall have the power |
10 sell and reissue the shares of stock ehich /
shall De 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-
viued further, that no purchase of the stock
OF said corporation shall ever be made ex-
cept out of such surpues funds as the cor
poration may then own
Article V; All the powers of this corpora
ION shall be vested in and exercised ~ |
Board of Directors, pursuant to such reS,I,a
ions as they may adopt, each of whom shall
'wn at least one share of the capital stock
II this Company. The said Board of Direc-
ors shall be elected by ballot at an annual
Meeting of the shareholders, under the SUPER
Tision of two commissioners of election an
'ointed by the Board of Directors. which
Meeting shall be held on the last Wednesday
November of each year, beginning with the