The herald. [volume] (New Orleans, La.) 1905-1953, 1915-03-11

corporation, shall be vested in a board of al;
| lSStoIs 10 be composed of three directors two
] % Mhom snail constitute quorum for the
| transaction of business, to be elected NV the
| stockholders at a general rnee,iro 20 he baIS
on Ihe hrst Monday of January, in each wear,
" Al all meetings of elections of this cor
- oi o each stakeholder shall be entitled
10 one vote for each share of stock standing in
ms name on the books of the COMPANY which
proxy. VI ny "ii''e"
-, Gl The board of directors shall have the
power to make all bylaws, rules and regula.
tiohs necessary for the conduct of the bust
ness AFFAIRS of said corporation; shall elect
a ron their number a president, vice resident
anu secIetary-trea5urer.
20 Until the election to be held as herein
dooFe provided, the following shall constitute
me hrst board of directors, viz: William :
IeNdhn, president; George w. Boucher, vice
treasurer N'S
Article NI.--The capital stock of this cor
poration may be increased or decreased at any
time IN accordance with the laws of This
state. This charter NAV he amended. altered
or modihed, or the corporation dissolved by
d vote OF two-hfths of the stockholders voting
oy shares at meeting convened for that
purpose, after ten DAYS previous notice al
such meeting shall have been given in one of
VIC ually newspapers published in this city
anu thG personal notice required by law.
Nlcie Nll.-No stakeholder of this corpor-
aton snail ever be held liable for any of the
Indebtedness, contracts or faults thereof in
any further sum than the unpaid balance due
the corporation on the shares owned by him
nor snail any lntormality in the organization
nave the effect of rendering this charter null
OF OF exposing a shareholder TO any liability
whatever
Article VILLA failure at any time TO hole
meetings or elect directors or officers as
herein provided, shall not work a forfeiture
OF this charter or dissolve the corporation.
but the existing board of directors and Off.
GERS snail continue in office until their sue
GesSors; have been elected which election shall
De held as soon as possible.
Article lX.-At the expiration of this char.
Ter, unless sooner dissolved, its affairs shall
DC lquidated 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 or personal of this
corporation, and TO convey full and com.
plete title thereto, and TO do and perform all
acts essential to full and complete liquida-
ton OF the affairs of this corporation, and to
with law
Thus done and passed in my office in the
city OF New Orleans, aforesaid. the day,
ence of Alphonse J. Cuneo and Milton
Schmidt witnesses of lawful age, residing in
this parish, who have signed their names
with the said parties and me, notary, after
due reading OF the whole,
Alphonse Cunieo, Milton Schmidt, w. S.
McCann; for u shares; G. W. Butcher, ?
shares; NJ. F. Missing, "a shares.
4 true copy. ]. b. ROSSER, Not Pub.
|, 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 50. New Orleans, February
EMILE J. LEONARD. by. R.
Mch. 4ll-lS-25. Apr. l-s.