The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-08

Z
Who declared that awaiting themselves ~ the
provisions OF the laws o! TINS state IL sl-a
rases made and provided relating 10 the or
raulzation Of corporations, ana more parii-.
Ely srt 1t7 OF the General Assembly OF
louisiana approved July 9, lSl-, they have
coyenanted and agreed, and DO by these pres
erts covenant and agree, u.rG, form ana con
stitute themselves, IS wen a. s-~H lr-s.-s
Is may hereafter JON or become associate
with them, into a corporation and body poi
INC N law foT the objects ana purposes az
under the agreements and suPulstions to-
lowing, 70 VII: ,-
poratlor shall be GIee MOL Company, 4cco:-
norated and under that name II shall have
and enjoy all the nights, advantages and
PRIVILEGES granted by law 70 corporations, ana
Shall continue and su5slst Tor the ItT!Jd o.
rlne,y.nlne years from the date q ms act.
lis dOu.cl!e shall be n the city 81 New W
Article 1.-THE purposes to- which this
corporation Is formed are.
l. To acquire the ownership Of the formula
for maxim. Glee No! and 10 acquire the
Trademarks and al nights Of every descr4I t-J1
growing out Of the said formula OF trademark
Vi Glee No! or appeTtsIning thereto.
= To manufacture and sell O.ee mol; 70
make contracts and agreements ard - G-aE;
concessions 10 others Tor Ike purpose, aad -
use and employ the SAID formula, trademark
and trade nights n every proper business
way. o..
Other sy-ups, extracts and soft drinks, e.tae.
- owner or - agent o. others
! To own. construct, maintain and operate
q bo,tIlng plant for the bott.l1g OF Oiee No
and OF soft drinks n general.
; 10 do al business, make al contracts,
and IN general enter upon and perform a.
things necessary or geTMaIe Tor the accom-
p.lshmeut OF the objects and purposes herein
Artleie III.-The amount Of capital stock
shall be SIX thousand dollars, DIVIDED into
sixty co shares o! one hundred dollars esc1,
all OF winch shall be issued Tu.l paid and non
assessa0le II payment Of the formula, trade
mark and trademark rights OF Gee No. syrup
and the property hereinafter described. Inc
rights and property aforesaid are hereby de-
scrIoeG snd valued as follows, to-Hlt:
The formula Tor the making OF G4ee No.
syrup, the trade name thereof and the trade
mark and night 10 use the trademark name,
the sad trademark having been duly regis
tered, are hereby valued al SIX thousand dol
lars.
The following property, to-wi;: One roller
top desk; one long desk; one h!eT; one type
winter, Remington make; one ITon safe; one
electric ian; table lamp; SIX chars; one
bill OF ladIng nile; one perfection o.! heater
literature and advertising matter; sixteen
large barrels; I'VE small barrels. one Efty-
gallon barre! with burnt sugar, SIX SACKS
gTanu!sted sugar; one platform scale; o1e
wagon skid, Two large wooden tanks; one
dynamo and machinery attached tweEiy-toa-
one-Eall0n Jugs; one i've gallon jug; one water
cooler; one sugar boiler and gas heater;
which property IS hereby valued a. thirteen
hundred dollars.
Is, 1918, balance due for the purchase pTile
Of certain bottlIng works and contents and
secured by vendors lien and privilege upon
the SAID DottlIng work outnt, which debt Sc
cured by lien and privilege and with su5ro-
cation to the same IS hereby valued at the
sum OF eIght hundred dollars.
But notwithstanding the valuations herein
above set forth, II Is well understood that
all OF said nights, properties and debt shall
be acquired Tor the total issue OF capital stock
OF siN thousand dollars and no more.
The board OF directors Is hereby directed
TO acquire the property nights and credits
aforesaid and TO cause TO be executed the
transfers and instruments passing proper title
70 al and singular the property hereinabove
described and 10 issue therefor the entire
ful paid and non-assessable capital stock OF
this corporation.
No sale Of the stock OF this company shall
be valid unless opportunity has been FIRST
given the other stockholders 10 acquire the
same. Written notice Of the intention 10 sell
SAID stock shall be given 10 the company and
served on the president Said notice shall
be addressed 10 the board OF directors and
shall state the price az which the said stock
is offered II shall be the duty Of the board
Of directors to meet Immediately this notice
IS received and 10 order same transmitted az
once 10 the other stockholders Of record, and
said stockholders shall have the privilege 70
buy said stock az the price offered within
seven days from the receipt OF the notice
from the board OF directors as aforesaid. The
right Of the stockholders 10 purchase said
stock shall follow the same into the hands OF
any purchaser who Ia. acquired the same
without compliance with the foregoing pro-
vision, but said right must be exercised
within seven days after the transfer thereof
upon the books.
All certihca.es OF stock shall bear upon
their face hrirf reference 10 the .ats here /
nabove established IN favor Of the stock |
holders.
The capital stock Of the company nav be |
increased 10 one hundred thousand dollars
Article lN.-All the corporate powers shall /
be vested in board Of directors TO be COM
'osed OF three stockholders, elected annually |
IN the first Monday Of October in each year.
and the FIRST election for board Of directors 1
'hall be held on the first Monday in October, |
el6.
The following persons are hereby declared |
% he the board Of directors 70 serve until the /
'aid election and until their successors are |
appointed. to-wit:
Paul Freund, whose post Office address is /
90 Godehaux Building, New Orleans, Lou
Leonard Duplessis, whose post Office address
$ 6Co Gcdchaux Building, New Orleans, Lou
siana.
Benjamin W. Dart, whose post Office address
$ @4 Canal Bank Building, New Orleans.
All the powers conferred by law upon cor.
'orations are hereby vested in the said board |
4 directors. The said board. however, shall |
rot sell, ALLEVIATE or dispose Of the formula
trademark and trademark rights Of Glee mol 1
without the unanimous consent OF the entire
,oard.
The said board of directors as herein con.
tituted shall meet without notice after the
lgning Of this charter 10 elect officers estab-
ish bylaws and 10 transact such other bust
less as may be brought before it.
Inc board OF directors elected in 1916 and !
hereafter shall hold their first meeting on
ne day that they are elected or as soon as
nay be thereafter.
All meetings Of the stockholders, save where
therwise required by law shall be held on
orty-eight hours written notice delivered in
eTson or mailed 70 the post Office address OF
be said stockholders
In case Of temporary disability or absence |
ny director may give his written proxy 70
nother director, OF 10 stockholder, TO act for
I'm al meetings Of the board of directors
Article N.-Ihe names of the subscribers
the stock OF this corporation, the post Office
oaTess OF the same and the amount of stock
uDscTioed for by each is as follows:
Paul Freund. whose post Office address is
% GodchauI Building, New Orleans, Lou;si-
na, % shares.
Leonard Duplessis. whose post Office address
siana. % shares
)EIMEL
Benjamin w. Dart, whose post Office address
y4 Canal Bank Building, New Orleans.
ouisiana, 20 shares
The said subscribers will paw for the said
toek by the sale, transfer and exchange Of
ne nights, ownership and property, all stu
te IN New Orleans, Louisiana, and described