The herald. [volume] (New Orleans, La.) 1905-1953, 1914-05-07
CHARTER
OF DREWES SUGAR COMPANY

! -. OF DREWES SUGAR COMPANY.
! | nIted States OF America, State Of Louisiana
| Parish OF Orleans, City of New Orleans
BE II known, that on this twenty-sixth DAY
| Of the month of March, in the year of on,
| Lord one thousand nine hundred and four.
teen and OF the Independence Of the United
states OF America the one hundred and thirty
seventh, before me, Henry G.. Mccall, a no.
tary public, IN and for Orleans Parish, there
IN residing, and in the presence OF The wit.
nesSes hereinafter named and undersigned,
personally came and appeared the persons
hereinafter subscribed, who declared that
awaiting themselves of the laws Of this State
relative to the organization of corporations,
IN such cases made and provided they con-
Sutute themselves, their associates, success
SorS and assigns, corporation under the
stIpulations herein set FORTH which they
adopt as their charter, to-wit:
Article !. The name and title of this cor
pOratIon shall be Drewes Sugar Company
and It shall enjoy succession for ninety nine
years from this date, and shall have, for the
purpose OF the business to be carried on by
It, all the powers conferred by law upon
corporations and shall generally exercise all
the powers necessary TO carry on said bust
ness.
Article II. The domicile of this corpora.
ton shall be In the city OF New Orleans
State OF Louisiana, and ali citation and other
legal process shall be served on the presi-
dent, and in case of his absence or disabil.
lty, upon the SeCretary-treaS
Article Ill. The object; and purposes for
winch this corporation Is organized and the
nature OF the business to be carried on by
1t are hereby declared to be to conduct the
business OF sugar, molasses, rice and coffee
J0Obcrs, brokers, factors and commission mer-
chants; TO buy, import, sell and deal in sugar
molasSes, coffee, rice and other agricultural
products, as principals or as agents; to Dor
row money for that purpose and to pledge
bills OF ladlng and other securities; to ac-
quire and dispose OF negotiable securities,
and generally to do all things incidental to
the objects herein stated.
10 II
poration is hereby fixed at the sum of one
hundred thousand dollars (SlOO.0OOOO), d.
vlded into and represented by one thousand
shares OF the par value Of one hundred dol.
have the right TO commence business and be
going concern when three thousand dollars
lSS,DOOOl OF the capital stock shall have
been subscribed for. All stock subscribed
tor shall be paid for in cash or property re-
ceIved or labor done at such time and upon
such terms and conditions as the board of
directors shall prescribe. No transfer of
stock shall be admitted or held to be valid
or binding so far as the company is con.
cerned unless made upon the books of the
company. No sale or pledge of stock shall
be va nd unless said sale or pledge is accom-.
panied by 4 written certificate signed bv Tie
president and secretary treasurer of the com
Pany, TO the effect that said stock was Of
tered to the remaining stockholders through
me board OF directors at its book value for
a period of ten days, and they had failed
or declined to purchase same
Stock sold or pledged in contrayention "a
ms provision shall become the property OF
the stockholder hrst rendering to the trans
ieree or PLEDGE its book value
Article T. All the powers Of this corno-.
alton shall be vested in and the business
and AFFAIRS shall be managed by board
Of directors consisting Of three directors.
VINO shall sc elected annually at a meeting
II the stockholders on the first Monday in
April OF each year, except the first board
u directors, who shall be elected by tbr
subscribers 10 this charter at a meeting TO
De held immediately upon the Incorporation.
All elections shall be held by ballot at the
'thce OF the company under the supervision
u two commissioners TO be appointed bv the
BOARD OF directors. Notice Of such meeting
shall be given by the secretary-treasurer in |
NrI M deivered to each stakeholder in per- |
'on or mailed 10 his last known address at |
east ten days prior to such election, but this |
holders.
At all such elections and at all meetings
Il the stockholders every stakeholder shall |
'e entitled to one vote for each share M |
tock standing in his name on the books of |
ne company at the date Of said election or
meeting; said votes to be cast in person or /
Y w%rltten proxy and majority of the votes |
The failure to elect directors at the annual /
Meeting shall not dissolve or affect the cor.
oration nor impair its management in any
aspect; but the directors in office shall re.
d and qualified
Each board of directors shall elect az soon
5 possible after their own election a n-esi.
emf, vice president and a secretary-treas.
e'er ana general manager, and may grant
roper my u'e"'
All vacancies in the board for wbatrve-
ause shall be filled by the remaining IL.
eetors. Any member Of the board NAV an.
O'H' any other director his proxy to act in