The herald. [volume] (New Orleans, La.) 1905-1953, 1915-03-04

eoIporatlon, shall be vested in a board of di-
80 70 De composed of three directors two
-. whom snail constitute a quorum for the
transaction of business, to be elected nv the
stockholders at a general meeting 10 he bsid
oii the hrst Monday of January, in each wear
W Al all meetings of elections of this cor
=, poidtloli, each stakeholder shall be entitled
70 one vote for each share of stock standing in
MS name on the books of the comnanv which
proxy. -
IO The board Of directors shall have the
power to make all bylaws rules and regula-
tiohs necessary for the conduct of the bust
ness affairs of said corporation; shall elect
from their number a president, yice-president
ana secretary treasurer.
ca Until the election 10 he hold ~ bo-.;,,
ABOVE provided, the following shall constitute
me hrst board of directors, viz: William =
McNahn, president; George w. Boucher, vice
treasurer o. ''
Article NI.-The capital stock of this cor
porauon may be increased or decreased at any
l.ihe IN accordance with the laws of this
STATE Inns charter may he amended, altered
Ut modihed, or the corporation dissolved. by
a vote OF two-hfths of the stockholders voting
ny shares at meeting convened for that
PuIPose' aiter ten days previous notice OF
suSh meeting shall have been given in one OF
lhe DAILY newspapers published in this city.
ana the personal notice required by law
Artlcie Nll.-NO stakeholder of this corpor-
alton shall ever be held liable for any of the
any further sum than the unpaid balance due
the corporation on the shares owned by him.
nor shall any iniormality in the organization
nave the effect OF rendering this charter null
whatever
Article VILLA failure at any time TO hold
meetings or elect directors or officers as
herein provided, shall not work forfeiture
OF this charter or dissolve the corporation.
but the existing board of directors and otfi-
GERS shall continue in Office until their sue
cesSors, have been elected which election shall
be held as soon possible.
Article lN.-At the expiration of this char
ter, unless sooner dissolved, its affairs shall
be hquidated by one or more commi ssioners
TO be appointed by the stockholders in meet
ing assembled for that purpose and who are
invested with full power TO sell all the as
sets and property, real or personal of this
corporation, and to convey a full and COM
plete title thereto, and to do and perform all
acts essential to full and complete lquida-
ton OF the affairs OF this corporation, and TO
distribute the proceeds, if any, in accordance
with law.
Thus done and passed in my office in the
city OF New Orleans, aforesaid, the day.
month, and year first aforesaid, in the pres
ence of Alphonse J. CuneO and Milton
Schmidt, witnesses of lawful age, residing in
this parish, who have signed their names
with the said parties and me, notary after
due reading of the whole
Alphonsc J. Cunieo. Milton Schmidt. W. $.
Mccain. for Il shares; &. W. Butcher.
shares; NJ. +. Mysing, Il shares
y true copy. J. b. ROSSER, Not. Pub
|, the undersigned, recorder of mortgages,
in and for the Parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing act of Incorporation, of the
Southern Molasses Co., Ltd. of New Orleans
was this day duly recorded in my office. in
Book llS7, folio 80 New Orleans, February
EMILE J. LEONARD, by. r.
Mich. 4-ll-lS-25. Apr. Is.