The herald., 1915-08-12

purpose of engaging in the business herein
after stated, as well as the power to purchase,
sell, mortgage and pledge property, movable
and immovable, for the purpose and require
ments of their business.
Article 1.-THE domicie of this corpora
ton shall be in the city of New Orleans:
Parish Of Orleans, State Of louisiana, All
citations and other legal papers shall be
served on the President of the Company, and |
IN his absence on the Vice President or Sec
retary-Treasurer.
corporation is formed are to conduct the busi- |
ness Of dealing in, buying and selling at |
wholesale and retail of food and feedstuffs |
and all materials necessary for manutactur- |
ing feed and TO mix and manufacture feeding |
materials for cattle and stock, and shall have
authority to do bus ness throughout the |
United States and foreign countries, and to |
buy and sell real estate. machinery, patents,
patented processes and patent rights and all
other necessities having such purposes IN
view, and 10 enter into all contracts and
agreements necessary or expedient for the
carrying out of the business OF this corpora
| ton.
Article IV-The capital stock of this cor.
poration is fixed at the OF fifty thousand
dollars (SSO,0O0O0), divided equally IN pre-.
! ferred and common stock. Two hundred and
| fifty ESQ shares of the par value OF one
| assessable, cumulative, eight per cent (SIol
per annum preferred stock, divided INTO two
classes: Class a and Class ''B Zach
class shall comprise hundred and twenty
| five O2SD shares of the par value OF one hun
bred dollars $4,000 each. Both classes
shall receive eight per cent $50 per annum
dividends. cumulative and preferred. payable
at the office of the Company on the hrst list,
day of August each year Class "B OF SAID
preferred stock will only receive a DIVIDEND
iowance OF one dollar ($l.OO per ton on each
and every ton OF feed bought from the ON,
pany by the original holder of Class II
. / stock or their legal heirs or assigns, which
shall be paid unto such stakeholder until the
total allowance paid on each share of said
stock shall equal the par value thereof; aiter
which time said Class b stock shall only
receive eight per cent 500 per annum div
bends and shall not participate IN any addi-
tional dividends which may be declared.
special record shall be kept by the Secretary
Treasurer of such payments. which payments
. shall also be endorsed on the certihcate OF
Glass "B" stock and credited at the time such
feed is paid for. Two hundred and hity ESQ
shares of the mar value of one hundred dol
lars $4,000 each shall constitute the COM
mon stock of this corporation, but the com
mon stock shall not participate IN any ulVl-
dends until after the profits of this Company,
whether used for improvements or extensions
of plant, or retained as surplus, shall exceed t
; twenty-five thousand dollars CS2S'On ~
r. certificate of stock shall be signed by the
5 President and by the Secretary Treasurer, or
: in the absence or inability to act OF the fres.
ident by the Vice President and secretary
and Treasurer Said stock shall be transfer,
able only on the books of the Company, ana
5 on the surrender or due proof OF loss OF me
Increased TO two hundred and fifty thousand
5 dollars (s2SO,OOOO0). All subscriptions shall
be paid for in cash, property or service, a
= such time that the Board Of Directors shall
a REQUIRE, and the laws of this State provide
e The corporation shall begin 10 do business
y when twenty-five thousand dollars CS2S,UOO)
] of the capital stock has been subscribed LOT
= ffty per cent (SOo5) thereof has been paid tor
{ and the remainder of the authorized STOCK
y shall be issued at such time, and upon suen
q terms and conditions as the Board OF LIZ 6,
Ill he
/ his Comnany NAV be voted cumulatively by
the holder thereof as provided by Act NO 90
y Article V-AIl the powers of this corpora
/. tion shall be vested in and expressed oy (
q board of FIVE directors, each OF whom shd
u own at least one share OF the Capitdi SUI
II of this Company and three to constitute
5 The said directors shall be elected by bal
e lot at the annual meeting OF the shateholu
/ ers, under the supervision OF two commission
y ere Amounted by the Board of Directors
to which meeting shall be held on the thir'
{. C3rd) Monday of January OF eacn year, dite
r Secretary by mail at least fifteen days PRO
5, TO the date of such election. At all meeting
lie ~ the shareholders each shareholder shall %
=. &c entitled to cast one vote IN hsId nv him
lie hut no person shall vote any stock trans
IN ferred within ten days prior to the hoidIns
{. such meeting At all elections ~ elect
IL A. auv meeting of the Board OF Directors al
IL director absent from said meeting may
represented by another director, H"o oocn o,1
lie inc To the written instructions OF sara aDsen
On director The Board Of Directors shan nav
&c the power by two-thirds vote OF al tne uiIr'
ed FOR, to lease, sell, mortgage or ple9ge a
in and all of the property, movable ana ln mn,
lis abI. belonging to the corporation, witnoi
TO reference to the shareholders for power 70
X. so and thew may also purchase Tor cash.
w on credit, property of any kind required !,
in snv of the purposes of this corporation VIII t
OF out authority from the shareholders.
m Road Of Directors shall have the power
gn ssh. or confer general power or special pow
ne, On the President to issue promissory ho'
and other negotiable paper. 90 r. n.
Until the next general meeting 10 ne hs
,,rd er' this charter. viz, on the third Mond'
~ January. 1916 the Board of DIRECTORS
this Company shall be composed OF I 0Ilear
oROu,k. l2l2 v Pensdion1 r stree Reeves, La; j.
. Ia IA Mxatt GOO Camp street, New Orlear
es; La; E. NJ Williams; ,Vinton. La p ana ~
OF p. Standefer 993 Calder avenue, P Prse;de,
Es- and Anthony Wizard. Jr., as wee Tesi .,'-
in and lanes NJ. Wyatt, Secretary reasnSr
In case of any vacancy either IN ,me o oIO
:. named Board of Directors, or IN any olI
a tb, remaining members shall have the pc"
of 20 eli the vacancies; and all directors
ed, officers of the Company shall remain IN =,
der Sce until their successors are elected
file n,eI;Sed Failure to hold the annual me
GnS shall not dissolve the corporation
the meeting shall be held as soon as poSs'
:. after the regular date. .------..:o, ~,
Article VI-This act OF incorporai11n
. be changed, altered or modihed, OF IN. e
;tal stock may be increased or deereas
,,.;,h tbc assent of two-thirds of its stock,
M meeting duly called for that purpose al
t.n Savs' due advertisement IN one OF
daily newspapers of this city, and aiter WI
M tsn notice mailed to each stockholder al
"' iest known address: provided. however, u
The objects and purposes OF incorPora.
The shall not be changed and the caPtdl ss'
On. shall not be increased to more than inc III
nf ;rnrm nermitted in the original act OF IN,
81 norat;on nor decreased to an amount
fore Than the corporate Indebtedness chA'
liz IN objects and purposes may. however;
60, voted by all stock thereto before issued =
10 ~ an Increase of all the capital stock IN exc
~ a9 tbs amount originally named as the
Ia % wh;ch the capital may be increased n
-. he made by three-fourths of all its outsta
in.o IA ,t;cIe VII.-No stakeholder shall ever
,s beId liable or responsible for the contracts
- fsuIts of said corporation in any TURNER )
"a than the unpaid balance dre on the sns
ant Of stock owned by him; nor snail any ~
EN-. informality in organization nave inc gu
60 az rendering this charter null or exposin
- stockholder to any liability beyond,
i.w amount of his unpaid stock; nor snaiI
,be informality or irregularity in organiza'
10. ever have the effect of rendering any SIC
holder liable as a partner
tion Article VIII.-Whenever this corporation
any. dissolved, either by limitation OF time or
ex- the determination of the stockholders, It's
ears fairs shall be liquidated under the 81
and vision of two liquidators to be appointed
rred that purpose at general meeting OF