The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-22
CHARTER
OF GLEN COMPANY, INCORPO-
RATED

RATED.
United States Of America, State of Louisiana,
Parish Of Orleans. City of New Orleans.
Be it known that on this 2lst day of the
month of June, in the year of our Lord one
thousand nine hundred and fifteen, before me,
Oramel II. Simpson, a notary public duly COM
missoned and sworn in and for the parish
Of Orleans and city of New Orleans, therein
residing, personally came and appeared the
persons whose names hercunto subscribed,
who declared that availing themselves of the
provisions Of the laws of this state in such
cases made and provided relating to the
ganizatiOn of corporations, and more partic-
ularly act 267 of the General Assembly of
Louisiana, approved July 9, 1914, they have
covenanted and agreed, asd do by these pres
ents covenant and agree, bind, form and con-
stitute themselves, as well such persons
as may hereafter join or become associated
with them, into corporation and body pol
itic in law for the objects and purposes and
under the agreements and Stipulations fol-
lowing, tO-wlt:
Article 1.-The name and style of this cor.
poTation shall be Glee-NoI Company, Incor-
porated. and under that name it shall have
and enjoy all the rights advantages and
privileges granted by law to corporations, and
shall continue and subsist for the period OF
ninety mine years from the date OF this act
Its domicile shall be in the city of New Or
leans.
Article 1.-THE purposes for which this
corporation is formed are:
!. To acquire the ownership of the formula
for making Glee-Nol and TO acquire the
trademark and all rights of every description
growing out OF the said formula or trademark
of Glee-N appertanrng thereto.
=. 10 manufacture and sell Gee- mol; to
make contracts and agreements and TO grant
concessions to others for like purpose, and to
use and employ the said formula, trademark
and trade rights IN every proper business
way.
3. To acquire, manufacture and sell all
other syrups, extracts and soft drinks, either
as owner or as agent of others.
:. To own. construct, maintain and operate
a bottling plant for the bottling of Glee-Nol
and of soft drinks in general.
S. To do all business, make all contracts.
and In general enter upon and perform all
things necessary geTmane for the accom-
plishment OF the objects and purposes herein
above set forth.
Article III.-The amount of capital stock
shall be six thousand dollars, divided into
sixty (oO) shares OF one hundred dollars each
all of which shall be issued full paid and non
aSsesSable IN payment OF the formula trade.
mark and trademark rights of Glee- MOL syrup
and the property hereinafter described The
rights and property aforesaid are hereby de.
scTibed and valued as follows, to-wit:
The formula for the making of Gee- mol |
syrup, the trade name thereof and the trade |
mark and right TO use the trademark name, |
the said trademark having been duly regis. |
tered, are hereby valued at six thousand dol |
lars.
The following property, to-wit: One roller |
top desk; one long desk: one filler; one type |
writer, Remington make; one iron safe; one |
electric Ian; one table lamp; six chairs: one
bill OF lading file; one perfection oil heater;
literature and advertising matter; sixteen |
large barrels; five small barrels; one ffty.
gallon barrel with burnt sugar; six sacks |
graduated sugar; one platform scale; one
wagon skid; two large wooden tanks; one
dynamo and machinery attached; twenty four
one gallon jugs; one hve-gallon jug; one water
cooler; one sugar boiler and gas heater;
wnieh property is hereby valued at thirteen
hundred dollars
A note for eight hundred dollars, dated Nav
- IBIS, balance due for the purchase price
oil certain bottling works and contents and
secured by vendors lien and privilege upon
the said bottling work outfit, which debt Sc
cured by lien and privilege and with subro-
gation to the same is hereby valued at the
sum of eight hundred dollars.
But notwithstanding the valuations herein
above set forth. it is we'll understood that
all OF SAID rights, properties and debt shall
DC acquired Tor the total issue of capital stock
OF SIX thousand dollars and ne more
The board Of directors is hereby directed i
to acquire the property rights and credits
Aforesaid and to cause to be executed the
transfers and instruments passing proper title .
o all and singular the property hereinaboye T
described and to issue therefor the entire |
ull paid and worcestershire capital stock of
his corporation.
No sale of the stock of this company shall
'e valid unless opportunity has been first
nven the other stockholders to acquire the j
anne. written notice OF the intention to sell
aid stock shall be given to the company and
erved on the president. Said notice shall
e addressed to the board of directors and
hall state the price at which the said stock
; offered 1t shall be the duty of the board ,
directors to meet Immediately this notice
received and to order same transmitted at E
nee TO the other stockholders of record. and
I'D stockholders shall have the privilege TO |,
iy said stock at the price offered within L
wen days from the receipt of the notice
ON the board Of directors as aforesaid. The
ght of the stockholders to purchase said
ock shall follow the same into the hands of
~ purchaser who has acquired the same IT
thout compliance with the foregoing pro.
sion, but said right must be exercised o
thin seven days after the transfer thereof n
on the books.
MI certificates of stock shall bear upon
ar face brief reference to the rights here
bove established in favor of the stock.
ders. =,
he capital stock Of the company nav be =,
reased 70 one hundred thousand dollars AZ
'rticle IV.-An the corporate powers shall 81