The herald. [volume] (New Orleans, La.) 1905-1953, 1915-09-23

agents, directors and officers as its business
| interest and convenience may require; to hold
J and vote stock in other corporations to the
extent permitted by law; and generally to
exercise all the powers necessary or conve-
| hient to carry on and accomplish its objects
| and purposes.
| Article 1.-THE objecst and purposes for
winch this corporation is established and the
4 nature OF the business to be carried on by it.
Is hereby declared to be: TO carry on 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 lll.-Citation shall be served upon
| the president, and in case OF his absence from
| the city, upon the treasurer and assistant sec
| rotary and in case Of absence Of both from
| the city, upon the secretary.
! Article lN.-Ihe amount of capital stock
| shall be five thousand dollars CS5OOOOO d.
/ yided into nifty $50 shares OF one hundred
| dollars (SlO0U each, which shall be paid for
| IN cash. or may be issued for property actu-
| ally received by the corporation. The corpo-
| ration shall begin business 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 N.-Ihc entire powers OF this cor
Poration are vested in and its business shall
| be conducted by, board of directors, con-
| SlStng OF three 90 stockholders elected by
the stockholders at a general meeting 10 be
held on the second Monday OF December Of
| each year. Each share OF stock shall be emit
tied to one vote, cast in person or by proxy,
| ana majority OF votes cast shall elect. The
| board shall elect a president and secretary
out OF ITS number, and a treasurer and assist
ant secretary, who need not be a stnCkhoder,
and may combine any OF these offices and
confer the same on one person. \ majority
OF the board shall constitute a quorum and
exercise all the powers Of the board and any
director may at any time give his power of
attorney 10 another stakeholder or to another
!, member Of the board OF directors or to any
1f NHwT -. i II
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-
latlons for the conduct Of the company's bust
, ness; and also have power to select and Com<
r pensate an 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
I 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 affect the cor.
poration. Vacancies occurring in the board
= of directors shall be filled by the remaining
members OF the board by selection rom the
T other stockholders.
4 The board of directors shall have full pow.
er, without reference to the stockholders &c
S buy and sell real estate at such prices anC
= on such terms they see fit, and TO issue
= bonds, mortgages, notes or other obligation:
: for the company and to secure the same b,
\ mortgage and pledge of the company's prop
E erty, all without referring to the stockholders
d The first board of directors shall consis
. of: William II. Mason, whose postofic'
e address is Hurley. ~ Y; 2-Albert Hausstin
whose postoffice address is $40 New York Ave
: nue., Brooklyn, n. Y; 3-Louis Christensen
T whose postoffce address is Sugar Exchange
!, New Orleans, La, and they shall serve unit
o the first meeting of the corporation in De
s cember, 1916 or until their successors arr
= elected and qualified.
z Article Vino notice need be given of tn
d annual meeting of the stockholders. all stock
: holders taking notice of the date of salt
meeting from the provisions of the charter
y Notices of all other meetings of stakeholder
!, shall be given by publication in daily news
d paper of the city OF New Orleans for one weel
II prior TO the meeting, provided that pubica
(, ton OF said notice may be waived by tn
/ consent of all stockholders, filed with tn
= secretary of the company, and meetings o
j. stockholders may be held at any time witt
5, such consent. Meetings may be called b.
h the president and must be called by him
/ at the request of any stakeholder. The pur
e pose for which the meeting is called shall b
e stated in the call addressed by the presi
h dent to the secretary, and the purpose O
W the meeting need not be stated in the ad
vertisement; it shall sufficient to state i
r the advertisement that the meeting is call
,r for purposes stated in the cali on file wit
d Article ViI-At the termination of thi
It charter, or the dissolution of the corpo1
e alton, affairs shall be liquidated by CON
,e the stockholders, who shall have full powt
A. and authority to sell and dispose OF all III
lie property of the corporation, real or PEI
sonal, at public or private sale, and to di:
Id tribute the proceeds.
Or Article VIII.-This act of incorporate
m may be modified, changed, altered, an
a. its capital stock increased, or the corpOr;
II ton may be dissolved in a manner, an
le upon a vote, provided by law.
<. Article IX.-No stakeholder shall be lab
he for the contracts, faults, debts OF the co
poratiOn in any further sum than the unpai
ne balance due on his stock, nor shall any ii
Id formality in organization have the effect
s. rendering this charter null or exposing Il
n stockholders to any further liability.
ir In order that this charter may also ser,
e, as the original subscription list, the SUI
| SCrbiers hereto have set opposite their r
S; spective names the number of shares of stoC
/ subscribed for by each of them, and the
v. postoffice addresses. The capital stock
this corporation is paid for in cash.
Thus done and passed, in my Office in Il
in city of New Orleans, in the parish and sta
81 aforesaid, on the day, month and year her
e. in first above written, IN the presence
nd Messrs. Harold Rolls and John T. Dahme
81, these presents with the said apPearers al
me- notary, after due reading of the whole.
Signed: William II. Mason, by Lou
Christianson, Ast. s Atty; in fact HTr lie
Christanson, Agt. & Atty. in fact, $40 Ne
ic. York Ave-, Brooklyn, n. Y, "a share
Louis Christensen, Sugar Exchange, N.
2 shares.
= Witnesses: Harold Rolls, John T. Da
CSigneG WATTS X LEvERICH, Not. Pu
|, recorder of mortgages, in and for I
parish of Orleans, State of Louisiana,
;. hereby certify that the above and foregoi
ID act of Incorporation of the American M
.. lasses Co. of La, Inc, this day du
u recorded in my office, in book ll57, folio Il
H. New Orleans, August q, 1915.
of (Signe0 EMILEIJ. LEONARD, by.
les A true copy.
m WATTS X LEVERICH,
,se CRevenue stamp) Not. Pub
ed sept 2 10 q 30 oct
re-, CHARTER