The herald. [volume] (New Orleans, La.) 1905-1953, 1915-04-08

which this corporation is organized, and the
nature of the business TO be carried on by
it - hereby declared to be; to engage in the
business of buying, canning, refining and
selling molasses, sugar and rice, and in
furtherance thereof, TO buy, lease or acquire
such real property may be necessary to
properly conduct and prosecute such business,
in the establishment of factories, plants or
otherwise; and generally to all such things as
may be necessary to the prosecution OF such
business.
Article IV.-The capital stock of this cor
poraton is hereby declared to be the sum OF
FIVE thousand ($5,000.0O dollars, divided into
shares of one hundred dollars each, the
amount of each share shall be paid for &C
cording to law, and this corporation, shall be-
come operative and go into business and be,
come a going concern, when thirty (SU)
shares of the capital stock, shall have been
subscribed and paid for, to-wit: at the exc.
cution of these presents. No transfer OF
stock shall be binding upon this corporation,
unless same appears on the books thereof.
No stakeholder, shall have the right to as
| sign transfer any share or shares held by
him, unless he shall have hrst offered same
\ in writing to the board of directors, which
| will have the right to purchase same WITHIN
| ten days thereafter at the valuation deter
/ mined by the board; and in case OF dissatis'
faction as to price the matter shall be ar0i'
trated one arbitrator with the powers of ami
cable compounders to be appointed by eacn
/ side and an umpire to be selected by those
two, who shall take oath and whose decision
Il II,
be hereafter allowed. And all the shares o.
stock when SO purchased may be reissueC
| at not less than par value.
! Article V.-D The corporate powers OF TIM
corporation, shall be vested in a board OF oil
| rectors to be composed of three directors, tw'
of whom shall constitute quorum tor tn
transaction of business, to be elected by TN
| stockholders at a general meeting 10 De hel'
the first Monday OF sn Of
poration, each stakeholder shall be entiue'
| TO one vote for each share of stock standing. u
his name on the books OF the company, wnlc
vote shall be cast IN person OF ny "'e
US The board of directors shall have tn
power to make all bylaws, rules and reguIa
tons necessary for the conduct OF .rG oIsr
/, from their number a president, vice-presioeh
| and a secretary-treasurer.
8 (0 Until the election to be held as herein
, | above provided, the following shall constitut
the first board of directors, viz: William
Mccain, president; George W. Boutcher, wee
president, and William F. Mysing, secretary
, treasurer. e ..;s m,
. noration NAV be increased or decreased at an
time in accordance with the laws, OF TN
state This charter may be amendeo, a,ere
or modified, or the corporation h usS yotiD
| by shares at meeting convened for tns
, purpose, after ten days previous notice
such meeting shall have been gwen IN one
: | the daily newspapers published IN tnis GU!
and the personal notice required by law.
. Article VII.-No stakeholder Of this corpo
. alton shall ever be held liable for any OF u
:.Sahte5ness contracts or faults thereof, i
any further sum than the unpaid balance gu
the corporation on the shares owned oy mn
nor shall any informality in the oIganizar ~,
/ have the effect of rendering this charteI nu
: or of exposing a shareholder to any liaDiht
: whatever. 49,. 20 boI
\ to make and establish bylaws 'aes an
!. reyulations for the management OF the ous
4 ness affairs of said corporation as may
: requisite and necessary. -. ,,-
Article 1.-The dOmisile Of N this S 51Ipor
d ton shall be in the CITY OF OH r ci,st;ons ar
!. other legal process shall be served upon 4 T
/ oresident and in case of his absence upon u
!. yice. president. and in case OF the absence
+ the vice-president, upon the secfe'ars-ue"'0
4 Ger thereof.