The herald. [volume] (New Orleans, La.) 1905-1953, 1915-09-09
Charter
OF THE AMERICAN MOLASSES COM
PANN OLE IOI-ISIANA

OF THE AMERICAN MOLASSES COM.
PANY OF LOUISIANA.
| United States of America, State of Louisiana
Parish of Orleans, City of New Orleans.
Be 1t known that this the 2lst day OF
August, 1915, before me, Watts K. Leverich
| a notary public duly commissioned and quail
| hed in and for the parish of Orleans, State oil
| Louisiana, in the presence of the witnesses
| hereinafter named and undersigned, person.
| ally came and appeared, the parties whose
| names are hereunto subscribed, who declared
| that, availing themselves of the provisions OF
the laws OF Louisiana, they do hereby form
| themselves into and constitute a corporation
| for the purposes and upon the conditions here
matter set forth.
Article 1.-The name and title of this cor.
poration shall be The American Molasses
| Company of Louisiana, Inc" Its domcile
shall be in the city of New Orleans, and il
| shall exist for ninety-nine years from this
date. 1t shall have and exercise for the pur-
pose of the business to be carried on by ii
all of the powers conferred by law upon cor
porations, including the power to purchase,
| lease, hold, sell, mortgage and pledge, real
and personal property; TO contract, sue and be
sued, to make and use, if it SO desires, a
corporate seal, and the same to break or alter
at pleasure; to make bylaws for its govern
ment, and the same to alter or amend at pleas
ure; to name and appoint such managers,
agents, directors and officers as its business
interest and convenience may require; to hold
and vote stock in other corporations to the
extent permitted by law; and generally TO
exercise all the powers necessary conve-
nient to carry on and accomplish its objects
and purposes.
Article 1.-THE objecst and purposes for
which this corporation is established and the
nature of the business to be carried on by it,
is hereby declared to be: to carry a general
| commission business and to buy, sell and deal
in as commission merchants, merchandise,
goods, wares, food products and commodities
of every sort, kind or description.
Article III.-Citation shall be served upon
the president, and in case of his absence from
the city, upon the treasurer and assistant sec
the city, upon the secretary.
Article IV.-The amount of capital stock
shall be FIVE thousand dollars CSS,000.00) di-
vided into fifty (50) shares of one hundred
dollars $4,000 each, which shall be paid for
in cash, may be issued for property actu-
ally received by the corporation. The corpo.
ration shall begin business soon as all OF
its stock is subscribed, and paid for. The
capital stock of the corporation may be in
creased UP to the sum of five hundred thou
sand dollars $500, 10000.
Article V.-The entire powers of this cor
poration are vested in and its business shall
be conducted by, a board of directors, con-
ssting of three (O stockholders elected by
the stockholders at a general meeting TO be
held on the second Monday of December of
each year. Each share of stock shall be enti-
tied to one vote, cast in person or by proxy,
and a majority of votes cast shall elect. The
board shall elect a president and secretary
out Of its number. and treasurer and assist
ant secretary, who need not be a stakeholder.
and may combine any of these Offices and
confer the same on one person. majority
of the board shall constitute quorum and
exercise all the powers of the board and any
director may at any time give his power OF
attorney to another stakeholder, or TO another
member of the board of directors, or to any
other person selected by him, and in either
case the directr thus represented by proxy
shall be counted for all purposes as If person.
ally present at all meetings of the board OF
directors. All officers, agents and employees
shall hold Office only at the pleasure OF the
board, which shall not have power to elect,
employ or appoint for any specified time.
The board shall have power to make and
alter at pleasure all bylaws, rules and regu-
lations for the conduct of the company's bust
ness; and also have power to select and COM
pensate agent to manage its real estate,
make leases, pay taxes, attend to repairs, and
generally to manage and control the same, but
this shall be entirely discretionary with the
board Directors and officers shall continue
in Office until their successors are elected and
qualified, and failure to elect directors at any
meeting shall in no manner aHect the cor.
poration. Vacancies occurring IN the board
Of directors shall be filled by the remaining
members of the board by selection from the
other stockholders.
The board of directors shall have full pow
er, without reference to the stockholders, to
buy and sell real estate at such prices and
bonds, mortgages, notes or other obligations
for the company and to secure the same by
mortgage and pledge of the company's prop
erty, all without referring to the stockholders.
The first board of directors shall consist
of: l-William H, Mason, whose .postofice
address is Hurley, N. Y; 2-Albert Hausstin.
whose postofice address is $40 New York Ave
nue., Brooklyn, N. Y; LLouis Christianson.
whose postoffice address is Sugar Exchange,
New Orleans La, and they shall serve until
the first meeting of the corporation in De-
cember, 1916, or until their successors are
elected and qualified.
Article Vino notice need be given of the
annual meeting of the stockholders all stock
holders taking notice of the date of said
meeting from the provisions of the charter.
Notices of all other meetings Of stockholders
shall be given by publication in a daily news
paper of the city of New Orleans for one week
prior to the meeting, provided that publica-
ton OF said notice may be waived by the
consent of all stockholders, filed with the
secretary of the company, and meetings of
stockholders may be held at any time with