The herald., 1915-03-18

corporation, shall be vested in a board of d.
rectors to be composed of three directors, two
OF whom shall constitute quorum for the
uansacton OF business, to be elected by the
stockholders at general meeting to be held
on the hrst Monday of January, in each year.
W AT all meetings of elections of this cor.
poratlor, each stakeholder shall be entitled
to one vote for each share of stock standing in
his name on the books Of the company, which
proxy.
(0 The board of directors shall have the
power to make all bylaws, rules and regula
tons necessary for the conduct of the bust
ness affairs of said corporation; shall elect
from their number a president, vice president
and secretary treasurer.
90 Until the election to be held as herein
above provided, the following shall constitute
the FIRST board of directors, viz: William s.
Mccain, PRESIDENT George w. Boucher, vice
president, and William F. Mysng, secretary
treasurer.
Article VI.-The capital stock of this cor
poratlon may be increased or decreased at any
time IN accordance with the laws of this
state. This charter may be amended, altered
or modified, or the corporation dissolved by
a vote of two-tIfths of the stockholders voting
purpose, after ten days previous notice of
such meeting shall have been given in one OF
the daily newspapers published IN this city,
and the personal notice required by law.
Article Nll.-No stakeholder of this corpOr-
alton shall ever be held liable for any of the
Indebtedness, contracts or faults thereof, in
any further sum than the unpaid balance due
the corporation the shares owned by him,
nor shall any informalty in the organization
have the effect Of rendering this charter null
or of exposing shareholder to any liability
whatever.
Article VILLA failure at any time to hole
meetings or elect directors officers as
herein provided, shall not work a forfeiture
of this charter dissolve the corporation,
but the existing board of directors and ottl-
GERS shall continue in office until their sue
cessors: have been elected which election shall
be held as soon as possible.
Article IX.-At the expiration of this char
ter, unless sooner dissolved, its affairs shall
be lIquidated by one or more commissioners
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 OF personal OF TINS
corporation, and to convey full and COM
plete title thereto, and 10 do and perform all
acts essential to a full and complete lquda-
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,
ence of Alphonse J. Ounce and Milton
Schmidt witnesses of lawful age, residing IN
this parish, who have signed their names
with the said parties and me, notary, after
Alphonse !. Cunieo, Milton Schmidt, w. S.
Mccain. for IA shares; G. W. Butcher,
shares; VI. F. Mysing, "a shares;
\ true copy. J. B. ROSSER, Not Pub.
I, 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 ll57, folio 81. New Orleans February
% ''''' EMILE J. LEONARD, by. R.
Mich. 4-ll.ls-25. Apr. l-S.