The herald. [volume] (New Orleans, La.) 1905-1953, 1915-09-02
CHARTER
OF THE AMERICAN MOLASSES COM
PANN OLE IOIrISIANA

fAN1 OF LOUISIANA.
United States of America, State of Louisiana
Parish of Orleans, City of New Orleans
BE IT known that on this the 2lst day of
August, 1915, before me, Watts X. Leverich,
a notary public duly commissioned and quail
| he'd IN and for the parish of Orleans State of
| 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 domicile
| shall be in the city of New Orleans, and it
date. 1t shall have and exercise for the pur-
pose of the business to be carried on by il
| 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 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 or 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 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 III.-Citation shall be served upon
the president, and in case of his absence from
the city. upon the treasurer and assistant sec.
a,,1 -. = - hi. Z
the city, upon the secretary.
Article IV.-The amount of capital stock
shall be five thousand dollars (SS0n.00 d. |
vided into fifty 500 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 as 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 $500 000.00).
Article V.-The entire powers of this cor |
poration are vested in and its business shall |
be conducted by, a board of directors, con- /
sisting of three (D stockholders elected by /
the stockholders at general meeting to be /
held on the second Monday of December of /
each year. Each share of stock shall be enti- I
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 stakeholder,
confer the same on one person. A 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 TO another stakeholder, or to another
member of the board of directors, 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 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
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 manner affect the cor
)oration. Vacancies occurring in the board
# directors shall be filled by the remaining
members of the board by selection from the
,ther stockholders.
The board of directors shall have full pow
r, without reference to the stockholders to
,uy and sell real estate at such prices and
m such terms as they see mt, and to issue
'onds, mortgages notes or other obligations
or the company and TO secure the same by
mortgage and pledge of the company's prop
rty, all without referring to the stockholders.
The first board of directors shall consist
f: 1-William H. Mason, whose postofice
ddress is Hurley. N. Y; 2-Albert Hausstin,
whose postofice address is $40 New York Ave
ue, Brooklyn, n. Y; 3-Louis Christianson,
Ihose postofhce address is Sugar Exchange,
Few Orleans, La, and they shall serve until
he first meeting of the corporation in De-
ember 1916, or until their successors are
lected and qualified.
Article VINO notice need be given Of the
nnual meeting of the stockholders, all stock
olders taking notice of the date of said
leeting from the provisions of the charter | q
Iotices of all other meetings of stockholders
hall be given by publication in a daily news
aper of the city of New Orleans for one week {
rior to the meeting, provided that publica-
on Of said notice may be waived by the
onsent of all stockholders, filed with the 0
ecretary of the company, and meetings of I
Iockholders may be held at any time with