The herald. [volume] (New Orleans, La.) 1905-1953, 1915-10-07

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-
nlent 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 lII.-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 IN.-The amount OF capital stock
| shall be five thousand dollars CS5,OOOOO) di-
| vlded into fifty $50 shares of one hundred
| dollars (SlCOW) 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
| IT'S stock Is subscribed, and paid for. The
! capital stock OF the corporation may he in.
| creased up to the OF FIVE hundred thou
| sand dollars S5O0,OOOoOl.
| Article \.-lhe entire powers OF this cor
| ppration are vested in and its business shall
| be conducted by, a board OF directors, con-
| NiSting OF three 90 stockholders elected by
| ,hG st"ckhoIderS At general meeting TO be
| ltip On we second Monday OF December OF
| edCh year Zach share OF stock shall be emit
| tied to one vote, cast in person or BY proxy,
and 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,
ana may combine any Of these Offices and
confer the same on one person 4 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 stockholder, or to another
member of the board Of directors, or to any
other person selected by him, and in either
case, the drrectr thus represented by proxy
snail be counted for all purposes as If person
ally present at all meetings Of The board of
directors. All officers, agents and employee
shall hold Otrce only at the pleasure O. 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 regl-
lations for the conduct of the company's bust
ness ana also have power to select and cons
pen>dte 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 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 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
on such terms they see fit, and to issue
bonds, mortgages. notes 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: William II. Mason, whose postofict
: address is Hurley, n. Y; 2-Albert Hausstn
whose postoffice address is $40 New York Ave
tynV,a I. y "
r whose poStofiice address is Sugar Exchange
, New Orleans, La, and they shall serve until
the hrst meeting OF the corporation in De
) Cember, 1910, 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 saiC
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 weeI
l 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 O.
= stockholders may be held at any time with
, such consent. Meetings may be called by
! the president, and must be called by him
| at the request OF any stakeholder. The pur
2 pose for which the meeting is called shall b,
stated in the call addressed by the presi
4 dent 10 the secretary, and the purpose o
the meeting need not be stated in the ad
= the advertisement that the meeting is callc
r for purposes stated in the call on file will
Y the secretary
] i Article ViI.-At the termination of th
t charter, the dissolution of the corpor
: alton, affairs shall be liquidated by a com
: missioner or three commissioners elected b,
e the stockholders, who shall have full powe
: and authority to sell and dispose of all tn
e Nproperty of the corporation, real or per
sonal, at public or private sale, and to dis
q tribute the proceeds
r Article VIII.-This act of incorporation
n may be modified. changed, or altered, an
i tion may be dissolved in a manner, an
e upon a vote, provided by law.
: Article IX.-No stakeholder shall be liabl
e for the contracts, faults, or debts OF the cor
pOratiou in any further sum than the unpai
e balance due on his stock, shall any in
fOrmality in organization have the effect O
! rendering this charter null exposing tn
l. stockholders to any further liability.
II In order that this charter may also serv
:, as the original subscription list, the sui
| Scrbiers hereto nave set opposite their re
;; spective names the number of shares of stoc
! subscribed for by each of Them, and thei
| postoffice addresses. The capital stock
| this corporation is paid for in cash
Thus done and passed, in my office in tn
n city of New Orleans, in the parish and stat
j. aforesaid, the day, month and year here
= | in first above written, in the presence
d Messrs. Harold Rolls and John T. Dahmer
IS Jr., competent male witnesses, who sgne
7, these presents with the said appearers an
me, notary, after due reading of the whole.
Signed: William H. Mason, by LOU
Christianson, Agt. & Atty. in fact Hurle,
n. v, "a shares; Albert Hausstin, by Lou
Christensen, Agt. & Atty: in fact, $40 Ne
c. York Ave, Brooklyn, n. ", "a share.
Louis Christianson, Sugar Exchange, n. Q
shares.
= Witnesses: Harold Rolls, John T. Dial
CSigneG WATTS X. LEvERICH, Not. Pu
l. l, recorder of mortgages, in and for II
parish of Orleans, State of Louisiana,
, hereby certify that the above and foregoir
- act Of incorporation of the American M
e lasses Co. of La, Inc, was this day dul
= recorded in my Office, in book ll5, folio 40
= New Orleans, August %, 1915
Of (Signed) EMILE J. LEONARD, by.
IS A true copy.
n WATTS X LEVERICH,
e (Revenue stamp Not. Pub.
d sept 9 10 q 30 oct