The herald., 1915-03-18
CHARTER
OF SOUTHERN MoLASSES COMPANY,
LIMITED.

State of Louisiana, Parish of Orleans, City
of New Orleans.
Be it known that on this. seventeenth day of
the month of February, A. D., 1915. Before
me, James Barley Rosser, Jr., a notary pub.
lie, duly commissioned and qualified, in and
for the Parish and State, aforesaid, therein,
residing and in the presence OF the witnesses
hereinafter named and undersigned, person
ally came and appeared, the persons whose
names are hereunto subscribed, all of the full
age of majority and residents OF this city,
who severally declared, that availing them
selves of the provisions OF the act of the legls-
lature of this state, being known as act No
267 of the session acts of 1914 they do, by
these presents, covenant and agree and bind
themselves, as well as all other such persons
as may become hereafter associated with
them, in order to form and constitute a cor
poration or body polite in law, for the OBJ
jects and purposes and under the stipulations,
Article 1.-The name and title of this cor
poration, shall be Southern Molasses Com.
pany, Limited" of New Orleans, and 1t shall
have and enjoy succession and existence tor
a period of ninety nine years from date mere
of. 1t shall have the power and authority
TO sue and be sued in its corporate name IN
any court of competent jurisdiction; 10 con,
tract; to make and use common seal ana
alter the same at pleasure; to acquire prop
erty by grant, gift, purchase and to devise OF
| beGuest; to lease, hold and dispose OF, and
| to mortgage and pledge the same, all supJec'
/ to limitations as may be prescribed oy Jaw
Il
officers and agents as the business OF the cor
| poration may require, and to nix their compen
| sation to name directors and managers ahC
to make and establish bylaws, ruLes am an;
| regulations for the management OF the ousi
| ness affairs of said corporation as may %
requisite and necessary.
| Article 1.-THE domicile of this corpora
ton shall be in the city OF OF, New ories ans
| other legal process shall be served upon IN
president and in case of his absence upon tn
vice president, and in case OF the absence Q
the vice-president, upon the secretary''feas"f
Article III-The objects and purposes 10
which this corporation is ORGANIZED, ana IN
nature of the business to be carried on o.
II are hereby declared to be; to engage IN IN
business of buying, canning, refining an
selling moasses, sugar and rice, ana u
fprtherauce thereof, to buy, lease or acquir
such real property as may De Necessary ;.
nroperly conduct and prosecute such business
IN the establishment of factories, plants Q
otherwise; and generally to all such things
NAV be necessary to the prosecution Oh sue
business. ,. e ,h;s RI,
,oration is hereby declared to be the sum :
Ave thousand ($SOO0.0O dollars, divioea III, n,
shares of enc hundred dollars eacn, On
amount of each share re. snail ne shall 5,
come operative and go into business anu f ~
come a going concern, when tnirty "
. shares of the capital stock, shall nave pee
subscribed and paid for, to-wit; t AZ ,n
stock shall be binding upon this corporation
unless same appears on the books thereof e, :,
No stakeholder, shall have the rignt 20 a !,
s;an or transfer any share or shares held 3
S ssn OF uneS he shall have first offered sam
in writing to the board Of directors WINS WINS
will hare the right to purchase same T Sete
rem al y the board; and in case Of dissatl
faetion 0 as to price the matter shall be arb
trated one arbitrator with the powers :, OF am
cable cOmpOunders to be appointed by oy ,so.
sw su who shall take oath and whose dec,sic
shall be final, and no resource to the courts !
be hereafter allowed, And all the shares sr.
stock when so purchased may be reissue
At not less than par value. =. .h
aATt;ele V.-D The corporate powers OF IN