The herald., 1914-03-19
CHARTER
OF TIE WEST INDIA MOLASSES

America, the one hundred ana tnlEtN clEILl,
before me, W. Morgan Guriey, a notary pub
lie, IN and for the Parish OF Orleans, State
OF Louisiana. duly commissioned, QualIued and
acting a. such. and IN the presence Of the
Two witnesses hereinafter named and under
signed personally appeared the several per
sons whose names arc hereto subscribed, who
,eyerally declared that, avalIng themselves
|uf the provisions Of the Constitution and Law $
! u the State OF Louisiana m such cases made
and provided. they have contracted and
agreed, and by these presents. do contract
= IA agree. u5lrgatc and bind themselves, as
well as all ,uch persons as may hereafter he
come associated With them, To constitute and
form 81 corporation or body polite IN law, flT
/ the objects and purposes, and under the
/ agreements and ~tsIulatlous following, TO wit
/ Article l. The uaruc aud title 81 tins cor
/ poTat.ou shall be West India Molasscs Com
. paUy, and hy such name SAID corporation
/ shall have Succession and corporate existence
! Ns%J years from and after the date OF Tins
: ACf, unless sooner dissolved. and by said
/ name 70 may contract, sue and be sued II
] shall have power 20 make and use cnEr1T-
/ ate seal and the same Co alter al pleasure,
/ 20 hold, lease, Sell, purchase and convey, a.
. well a. mortgage. pledge and hyppthcCatc uE-
7 der IT, corporate name. real and personal
/ property. Il shall have power To borrow
/ money. ard issue security Tor the payment
thereof; TO make contracts, ard 10 name and
/ appoint such directors, managers, officers,
yeIlcuCc may require; 10 make and establish
! bylaws, rules and regulations for the proper
management and conduct OF ITS business aud
affairs; and also 20 possess ana exercise all
other powers and privileges which corpora
I tons OF tins KIND are, OF may be authorized
I 90 possess "r exercise under the Constitution
and laws OF the State OF LOUISIANA.
ATuc!e H. The domcile OF ths corporation
shall be IN the City OF New Orleans, IN the
PARISH OF Orleans and State OF Louisiana.
ALtl'.e III l-r me "oJee'S anu purposes Tor
m, H. - ."' ,eu anu ,'T IA
/ lu.e ~ me business I" be carried on by II
a., "S,T'H us.taleu 70 pc 20 Il"PoI', s'o'e'
NY SCI OF "'i'' &c 90 III I"oIaiS>eS' ~,
~ ~, an. 90 t anu @ r. ana e, H,u
J b b ~; pi'S.S ami
| anu IlHtf Id,'IitIeH' IN INC OhNed states ana
in the conduct Of ITS business; To- oper.f.
such storage tanks and buildings either a,
hire. own and operate. tank cars. ships. bargcs
of said merchandise for itself. or for ofbers
for hire: TO advance or loan money on syrupS.
molasses. sugars or other commodities held in
storage or otherwise secured: TO act $ brrkcr
or agent for individuals firms or corpnra.
tions; to erect canning r'auts at such points
As the Board of Dir-rfo-s may der-rrr,Irr f,- .
the canning Of syrrIps and r6lsssrs bntb IN
this State and elsewhere and to disu,sr ~
the product thereof: 10 buy buiId lease or
Otherwise acquire and operate ,tock-feed
Of: To construct or otherwise acrIiTe 0Y,r
and operate docks and other terminal and non
facilities: and 10 make all such contracts |
= INV
way be necessary. incidental ar us.f,I !, ~ /
accomplishment, II the declared main nbierts /
and purposes Of this corporation. and Incl /
dr1taliy' T., ,.o,,;-a M balJ - -.
Other c1rroratioIs a. nv he J.er.S -. "a
sary or helpful TO promote the intrreste ~ /
this corporation. such stock IN he y"tej ,s ,b,
Board OF Directors NAV direct
A,;-1 ~ Al i
49, - C.'"'IoIs anu o'hGr 'egal
L.r,.Cd "s"';>' p .nlS S.'PoI"uon ShaL De
either npon its Vice President or az, s Senrs
-, ~. 4.,'.ISi = ,tHS''1 Vi I's StNre-
such servre T, he ut isie cor oo[poIat.on or
80, ',aS oe il;aue upon any oiheT
bose bv The RSar5 81 6-crls lof th3t R[
porStioy '''N u D'''0'''S u 'h's 'of-
Po.''io''
AncIe y. me capital stock Of this cor /
PoTdtlon snail be hve hundred thousand dol
lars iS90oUOOOl divided into five thousand .
No'UO shares OF one hundred dollars (SlUpUJ +.
edch'
AS soon as fifteen hundred Q,5OO) shares
oil the capital stock representing one hundred
have been subscribed this Corporation shall
have the right to organize and commence bust
ness. Such stock shall be paid for in cash
OF ., may oe ISSUED at not less than par for ser
eeTty or established business purchased by it.
CeItihcates OF stock shall not be issued IN
less they shall be fully paid for in money,
h2tes secured by stock of the Company or
otherTise, as the Board OF Directors may fix
ana determine. Payment for stock subscribed
ShalI De made at such time or times as the
S~tC!S may HN anu determine.
Ttock OF ms company shall be transferable
ony on the DOCKS OF the Company on sur
eIuer OF tne outstanding certificates duly
, ,liuoa seui ei!neI IN person or by power OF at.
toiney: ChuI such transfer the Company shall
oe cntitIeu 10 tre2t the registered shareholder
d. inc owner OF MS stock tor all purposes.
NO STOCK shalI be sold or transferred until
!! Is nlSt onered IN writing to the Corpora
Ioh AZ the then book value, which book value
'n-h oe asCertained by the Board of Direc-
.ois, DIT Z sPeSial meeting called for that pur
49, anu HeIu Within Ihirty days from the
SI, u suCH notce. Inc SAID Corporation
e.. 'hIrly Gays option on stocks SO
D,it I'm uHte OF Sald nouce; and any
49,, or stockholders shall have the alb
solutc Tlght and privilege to purchase said
80 Ao us oook value, as ascertained by the
-I;-;r, eItofs, upon the corporation de.
- Ii.ins saHe, before sSld stock can be sold
,;or. - IL no, etoShnoluer OF Sald corpora
, -,UI, anu no sale OF the stock OF said Cor
~ III III s"SII DC eHeCtIVe unless said stock
Ia Cn ase oeen hrst ohered tor sale to the
-. ooIPoid'oh or It's stockholders as above
m .o' c ~ ..,. .
n. ;ro-.apaJ ' ~ OF ms corporation may
- =, - eu oL INCREASED as provided by law,
,na IN me event OF SAID capital stock being
~. e -t' men me STOCKHOLDERS shall have
toll g., ~ taSc Ihe sna1es OF the increased
ben o,,,ipd ~ H., nm 10 inc NUMBER OF shares
tn. "a D tcHI. 4,
= Ill .! directors snail nave the power ,
hill h. ni,iI INC Shares OF stock which
he oo Pulehdseu Dy the corporation under
ne, a. ~ tsIonS ABOVE ser FORTH or for any I
,ooL ysIys b., W. oI ',e BOARD at ITS then {
yent $50 Lri II. rs hdn par ana IN that 4
,oIders IS -on ii Oe hISt oHered TO the stock c
ard 70 tba ;.oL as dpoVe provided with re. a
AnA !