The herald. [volume] (New Orleans, La.) 1905-1953, 1915-08-05

and immovable. for the purpose and require
ments of their business
Article 1.-The domicle of this corpora
ton shall be in the city of New Orleans,
Parish of Orleans, State of Louisiana. All
citations and other legal papers shall be
served on the President Of the Company, and
IN his absence on the Vice President or Sec
rotary Treasurer.
Article III.-The purposes for which this
corporation IS formed are TO conduct the bust
ness OF dealing in, buying and selling at
who!es and retail Of food and feedstuffs
and all materials necessary for manufactur-
ing feed and TO mix and manufacture feeding
materials for cattle and STOCK, and shall have
authority to do business throughout the
United States and foreign countries, and to
buy and sell real estate. machinery, patents,
patented processes and patent rights and all
other necessities having such purposes IN
view, and TO enter into all contracts and
agreements necessary or eXpedIeut Tor the
carrying out Of the business Of this corpora
ton.
Article IV.-The capital stock OF this cor
poration Is fixed at the sum OF fifty thousand
dollars tS5O,OO0OO), divided equally IN pre-.
nifty, '25Ol shares OF the par value OF one
hundred dollars (SlOOO0 each shall be non.
asSessable, cumulative, eight per cent $50
per annum preferred stock, divided into two
class shall comprise one hundred and twenty
1--we il25) shares OF the par value Of one hun
shall receive eight per cent $50 per annum
| dividends. cumulative and preferred, payable
at the office Of the Company on the first Gst
| day OF August each year Class b Of said
/ preferred stock will only receive a dividend
/ OF eight per cent tSCG) per duuum and an al
/ lowance of one dollar (Sl.OO per ton on each
| and every ton OF feed bought from the Com.
pany by the original holder OF Class "B
| stock their legal heirs assigns, which
shall he paid unto such stakeholder until the
/ total allowance paid on each share OF sand
1! stock shall equal the par value thereof, after
which time said Class 81 stock shall only
/ receive eight per cent 800 per annum divl-
bends and shall not participate IN any addi-
| tional dividends which may be declared. A
/ special record shall be kept by the Secretary
| Treasurer OF such payments, which payments
shall also he endorsed on the certificate OF
Class "B' stock and credited at the time such
| feed IS paid for. Two hundred and nifty (lSOl
! shares Of the par value OF one hundred dol
lars $4,000 each shall constitute the com
mon stock OF this corporation, hut the com
mon stock shall not participate in any dlvi-
bends until after the profits of t's Company,
! whether used for improvements or extensions
of plant, or retained surplus, shall exceed
twenty -tve thousand dollars tS25,OOONn).
= whether earned in more years. The
! certificate OF stock shall be signed by the
| President and by the Secretary-Treasurer, or
in the absence or inability, to act OF the fres-
| ident by the Vice President and Secretary
and Treasurer. Said stock shall be transfer.
able only on the books of the Company, and
on the surrender due proof Of loss OF the
! increased to two hundred and fifty thousand
dollars (S25O,OO0OOl All subscriptions shall
be paid for in cash. property or service, at
| such time that the Board Of Directors shall
require and the laws Of this State provide.
| The corporation shall begin to do business
when TWENTY-FIVE thousand dollars (S2S,HDCOl
Of the capital stock has been subscribed Tor,
! fifty per cent COct) thereof has been paid Tor
and the remainder of the authorized stock
shall be issued at such time, and upon Such
| terms and conditions as the Board Of DlrSc-
this Company may be voted CumulatIvcly hy
the holder thereof provided by Act No. 1oI
of 1914
| Article V-All the powers Of this corpora
ton shall be vested in and expressed by 4
board Of five directors, each of whom shal
own at least one share OF the capital STOCK
of this Company and three to constitute
The said directors shall be elected by. bal
lot at the annual meeting of the sharehold-
ers, under the supervision OF two ooirlssioIl-
which meeting shall be held on the third
| (5rd) Monday of January OF each year aiter
due notice given to the stockholders by the
Secretary by mail at least fifteen days PRIOR
to the date of such election. At all meetings
Of the shareholders each shareholder shall be
entitled to cast one vote, III person or by
! Droxy on each share of stock held by nm,
but no person shall vote any stock trans.
ferred within ten days prior TO the holding oil
such meeting At all elections It shall re-
quire majority OF the votes GSst 10 eieO,
director absent from said meeting may I've
represented by another director. who may
cast the vote of said absent director accord,
ing to the written instructions OF SAID atseht
director The Board of Directors shall have
the power by two-thirds vote OF all the direc-
tors TO lease. sell, mortgage or pledge any
and all Of the property, movable and imnoN-
able belonging to the corporation withonI
reference 10 the shareholders for power to do
so. and they may also purchase for cash, or
on credit. property OF any KIND required ~.
ont authority from the shareholders Inc
Board of Directors shall have the power 70
issue or confer general power or special power
on the President 10 issue promissory ho'e>
and other negotiable paper
Until the next general meeting to ne hsIu
under this charter viz. on the th mi M0ru% ~
this Company shall be composed of Chas II
O'Rourke 1912 Pension street. New Orleans
La; Anthony Wizard. Jr., Reeves. La; Jas
NJ Mvatt. 600 Camp street, New orleans
La: F. NJ Williams, Vinton, La, and Roy
p Sfandefer. o9J Calder avenue, Beaumont
Texas, with Chas. II. O'Rourke as President
and Anthony Yiz2Td IT. as Vice rTes s1,Tnt
In case of any vacancy either in the above
named Board of Directors, or in any other
the remaining members shall have the powei
70 FIJI the vacancies: and all directors ane
officers of the Company shall remain IN OIL
fee until their successors are elected am an.
qualified. Failure to hold the annual meet
ing shall not dissolve the corporation, 6u
the meeting shall be held as soon as possible
after the regular date.
Article VI.-This act of Incorporation may
be changed. altered or modified, or the cap
ital stock may he increased or decreased
with the assent of two-thirds OF ITS stock, a
a meeting duly called for that purpose arc
ten DAYS due advertisement IN one OF tn'
daily newspapers of this city, and after VIII
ten notice mailed to each stakeholder at hi'
last known address; provided. however, ina
the objects and purposes OF incorporate,
shall not he changed, and the capital stoc'
shall not be increased to more than the max
in,unn permitted in the original act OF incor
marathon nor decreased 20 an amount les
. than the corporate Indebtedness A change
in objects and purposes may, however; DC
voted by all stock thereto before issued anl
an increase of all the capital stock IN excess
of the amount originally named as the sun
70 which the capital may be increased may
be made by -fourths of all its outstand
, ing stock.
| Article VII-No stakeholder shall ever b'
held liable or responsible for the contracts OF
faults of said corporation in any further sun
than the unpaid balance dire on the shares
of stock owned by him; nor shall any mere
informality in organization have the eheC
. of rendering this charter null or exposing
| stockholder TO any liability beyond thu
amount of his unpaid stock; nor shall an,
informality or irregularity in organization
ever have the effect of rendering any STOCK
holder liable a partner.
Article VIII-Whenever this corporation Il
=, dissolved either by limitation of time or by
= the determination of the stockholders, its al
fairs shall be liquidated under the super
vision of two liquidators TO be appointed TO
that purpose at a general meeting of tn
Stockholders convened after ten days notice
: which shall have been sent by mail to tn