The herald. [volume] (New Orleans, La.) 1905-1953, 1914-02-12

| which this corporation is established, and the
nature of the business TO be carried on Dg
pack fruits, vegetables, agricultural products
| hsh, shrimp, crabs, oysters and otneI sea
| food and all canned merchandise OF all KINDS
| and descriptions. To manufacture ana PACK
| syrups and cordials Of all Kinds. 10 buy, sell
| and deal in all kinds OF merchandise, at
wholesale or retail, and to act as agents ana
| brokers for packers, manufacturers ana deaI-
| ers in merchandise; to act as agents, otoheI ;
| and commission merchants for planters ana
others engaged IN agricultural pursuits.
! And IN connection with SAID business 10
/ buy, sell, 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
| 10 lease, own and operate oyster BEDS ana 70
plant and cultivate oysters: Ana ior any OF
| the purposes above stated, TO purchase OF
lease hold own or sell or rent out property
| both movable and immovable, as may be nee.
| esSary or 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, 10 conduct puDIic
| or private warehouses and to issue negotiable
| warehouse receipts for products stored there
in, whether belonging to this company, or to
| others, and generally to do any and all things
| that may be necessary IN or convenient 10
| the accomplishment Of the purpose herein
| to make all contracts requisite or eNpedient
| to the accomplishment of any OF the purposes
for which this corporation IS organized.
| Article " The capital stock of this cor
pOration is hereby fixed al the sum OF nifty
| thousand dollars (S5O,OOOOO), divided into and
| represented by hye hundred shares 10000,
| Of the par value OF hundred dollars
| tSlOOUO each, which shall be paid for in cash
| or may be issued at not less than par TOR
! services rendered to, or for property purchased
! by said corporation, payment Tor such stock
! shall be payable in installments on such
| ,erms and conditions the Board OF Dl-
reCtOrS may nix.
Certificates Of shares of stock shall not be
issued until fully paid Tor; and such stock
certificates shall be signed by the president
and by the secretary, OF IN the absence or
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 for 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
it is first offered in writing to the corpora
ton at the then book value which bOok-value
shall be ascertained by the Board OF DIreC-
tors at a special meeting called for that pur-
date of such notice. The said corporation to
have thirty days option on stoc Ks 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 10 anyone
not 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 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
then owned by them.
The Board of Directors shall have the power
TO 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
gard to increase of capital stock. And pro-
of said corporation shall ever be made,
cept out of such surplues funds as the cor
pOratiOn may then own.
Article v. All the powers of this corpora.
tion shall be vested in and exercised by
Board of Directors, pursuant to such regula.
tions they may adopt, each of whom shall
own at least one share OF the capital stock
of this Company. The said Board of Direc-
tors shall be elected by ballot at annual
meeting of the shareholders, under the super
vision OF two commissioners OF election APP
pointed by the Board of Directors, which
meeting shall be held on the last Wednesday
Of November 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
notice shall be sent at least ten days prior
TO the holding of said meeting, but such no.
tices may be waived by unanimous consent.
At all meetings of the shareholders, each
shareholder shall be entitled to cast one vote,
by person OF 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 direc-
tor, who may be unable to attend the same,
may be represented by any other director,
who may cast the vote of the absent direc-
tor upon all matters coming before the meet
ing, provided the absent director has given
him written proxy. Two members shall con-
stitute quorum for the transaction of bust
ness.
The Board of Directors shall have full power
and authority to 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 for the purposes of the corporation and
shares of the capital stock of this company
without the necessity of referring to the
stockholders for authority or ratification
The Board of Directors shall have full
power and authority to employ, appoint for
such time as they may deem proper, and to
dismiss such managers, superintendent,
agents and employees as they see fit, 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
a 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-
lowing named persons shall compose the Board
of Directors, viz: Leon ii. Collet F. Rivers
Richardson, James J. O'Rourke, with Leon H.
Collet as president, F. Rivers Richardson as
vice president and treasurer, and James J.
y Rourke as secretary In case any va
cancy, either IN the above named Board of
Directors, or in any other, the remaining
mem ers shall have the power to fill the va
cancies, 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 |
sibie after the regular date, and after the
regular notice, which may be given by the
secretary, or president, or if they refuse or
are unable to act by any three stockholders.
be changed, modified or altered, or this cor |
poration may be dissolved with the assent
OF three-fourths of the stock present or rep
resented at meeting convened for that pur- |
pose after thirty days written notice mailed
to each stakeholder at his last known post
othce address, as left with the secretary, but
such notices may be waived by unanimous