The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-22

selves. as well as such persons as NAV bern,
titer JOIN or become associated with tneya
fHlo corporation and body polite in law
Tor the objects and purposes and md ~
wit: O"i"s' TO-
Article 1.-The name of this co-ro-,.;o,,
shall be American Molasso Meal Camn o'rUi'
incorporated, under which name IL shall ey
ISL LOT period OF ninety-nine (99) wears
rom me date OF this act, and shall have and
IenJoy all the power and authority conferred
Oy the Constitution and Laws of the State
Oh LOUISIANA upon corporations formed for the
purpose OF engaging IN the business herein
a1ter stated, as well as the power to purchase
SELL mortgage and pledge property. movable
ana lininovable, tor the purpose and require
ments of their business
| Article 1.-The domicile of this corpora
| ton shall be in the city Of New Orleans
Parish of Orleans, State of louisiana. All
citations and other legal papers shall be
served on the President Of the Company, and
| IN ms absence on the Vice President or Sec
Rotary Treasurer.
! Article llI.-The purposes for which this
corporation IS formed are TO conduct the bust
ness OF dealing IN, buying and selling at
wholesale and retail Of food and feedstuff,
and all materials necessary for mauufaCtur-
ing feed and to mix and manufacture feeding
materials Tor cattle and sroCk, and shall have
authority to do business throughout th.
United States and foreign countries and t.
| buy and sell real estate. machinery patents
patented processes and patent rights and all
other necessities having such purpose, I'm
view, and TO enter into all contracts and
| agreements necessary or cNpedient for the
carrying out OF the business Of this corpora
Article IV.-The capital stock Of this cor
poratiOn Is tXCd at the sum OF fifty thousand
dollars ($5O0mOO), divided equally in pre-.
! terrcd and common stock. Two hundred and
| nifty (2SO) shares OF the par value OF one
hundred dollars CSlOOOU each shall he non
assessable, cumulative, eight per cent tSroD
| classes: Class a. and Glass b" Each
class shall comprise one hundred and twenty
five l25l shares Of the par value OF one hun
bred dollars $4,000 each. Both classes
shall receive eight per cent $50 per anuum
dividends, cumulative and preferred. payable
| at the office of the Company on the first Gst)
| preferred stock will only receive a dividend
of eight per cent $50 per annum and al
Ilowance OF one dollar (SlOO per ton on each
and every ton of feed bought from the Com
pany by the original holder OF Class "B'
stock their legal heirs assigns, which
shall be paid unto such stakeholder until the
total allowance paid on each share OF said
stock shall equal the par value thereof. after
which time SAID Glass "B' stock shall only
receive eight per cent 500 per annum divi-
IdendS and shall not participate IN any add-
tional dividends which may be declared
special record shall be kept by the Secretary
| Treasurer OF such payments, which payments
shall also be endorsed on the certificate OF
Glass "B" stock and credited IT the time such
feed is paid for. Two hundred and fifty (25g)
shares of the par value OF one hundred dol
lars $4,000 each shall constitute the COM
mon stock OF this corporation, but the com
mon stock shall not participate in any dlvi-
dends until after the profits of this Company,
whether used for improvements or extensions
of plant or retained as surplus, shall exceed
twenty-five thousand dollars tS2oOUlN),
whether earned in one or more years. The
certificate of stock shall be signed by the
President and by the SeCretary-TreaSurer, or
in the absence or inability 10 act OF the Pres
ident bv the Vice President and Secretary
land Treasurer Said stock shall be transfer.
able only on the books of the Company. and
on the surrender or due proof OF loss OF the
lCriginal certificate. The capital stock may he
increased 10 two hundred and htty thousand
dollars (S25OOOO.OO. All subscriptions shall
be paid for in cash, property or service, a,
such time that the Board OF Directors shal'
require and the laws OF this State provide
The corporation shall begin 10 do business
when twenty-five thousand dollars tS!o.nnUOl
Of the capital stock has been SubScribed, ioT'
6ftv per cent C5OC,) thereof has been paid Tor
and the remainder of the authorized stock
shall be issued at such time, and upon sucf
terms and conditions as the bo2rd OF I''TS
tors shall determine. The stock issued by
This Cor,pauy NAV he voted Cumulauvely by
the holder thereof as provided by ACT No -o'
! of 1914 49,.
tion shall be vested in and expressed ny I
hoard of FIVE directors, each of whom Shai
own at least one share OF the capital s'oCF
of this Company and three to constitute
The said directors shall be elected by bal
! lot al the annual meeting OF the sharehol"
ers under the supervision OF TWO n;rac,ore
, which meeting shall be held on the thru
| C3rdO Monday Of January Of each year. aitc
] due notice given to the stockhoIueIs ny - Sio
Secretary bv mail at least fifteen days pro
| 10 the date of such election. At all meeting
r Of the shareholders each shareholder shal p'
entitled TO cast one vote, IN person OF ",
proxy, on each share OF stock held Oy nun
hut no person shall vote any stock trans
Z ferred within ten days prior TO the hoiuing 0
= such meeting. At all elections II shalI re
quire majority OF H. ,h Roo v9Ie Of Directors an,
director absent from said meeting may d.
Represented by another DIRECTOR VINO n,aI
cast the vote OF said absent director aG Idr
inc 10 the written instructions OF Said aIseH
d;Tector The Board of Directors shah nav
the power by two-thirds vote OF all me uiIso
tors 10 lease, sell. mortgage or pledge an:
E and all of the property, movable ana m;.Ion
abia baIonging to the corporation, withou
! Teference 10 the shareholders for power 10 Il
r 60 and they may also purchase Tor casn' =
on credit property OF any hln ruorat;on viii,
e 80 ortbority from the sharehol ders IN
= BOARD OF Directors shall have the p9"e I,.o
issue or confer general power or speClai PU ote
on the President TO issue proiHissoiS NV
d and other negotiable paper -, ., J.. baI
5 Until the next general meeting TO ne NJ
under this charter, viz on me 'iI m;r.c'ors
of January, 1916, the Board OF DireStoIS II u
= his Company shall he composed OF Ch2s. u
a 0'Ponrket 12l2 Pension street. New Orle3r,
e Ia: Anthony Wizard, Jr, Reeves, Ia; "a,
NJ Myatt, C02O lamp StlSS'' d .
i La; E. NJ. Williams; Vinton La p anu on
e Texas with Chas. II. O'Rourke, as PreS;;d1e s,
y "a Anthony Wizard. Jr., as Vice preslden
d nd lanes NJ Wyatt, Secretary i easnre
d In case of any vacancy either IN the aJor
+ III Road of Directors, or in any othe
d ual'e -a,,a;n;ng members shall have the powt
W eli the vacancies; and all directors an
Y uyr;ce-s Of the Company shall remain IN q
l. | See until their successors are eleCteu a
d nnaI;Ged Failure to hold the annual ny g.
# INC shall not dissolve the corporauom, III
Il tbs meeting shall he held as soon as Possio
!. after the regular date. .-,,r,.io, ma
S Articie VI.-This act OF lncoTpora'pn ~, W.,
&c he changed. altered modihed' OF tIle edl
l. ;tal stock may he increased or ue.IeILS'
y ;tb the assent of two-thirds OF ITS STOCK
10 meeting duly called for that purpose 't ~
{. a., days' due advertisement IN one OF u
" Ill, rewsnapers of this city, and after WI
r &C., notice mailed TO each stockholuer a' IL
$, iast Lnown address; provided howeveL, ~ -;
lie the objects and purposes OF lG.I stoC
lie shall not he changed, ana the ~ ma,
&c iii not he increased to more than tte I.ia
lie ns,I ~ -r,;tted in the original act OF inSo
in Ilnu,i nor decreased 20 an amount le
E. ~, tbe corporate indebtedness Chdi',
10 nh;ects and purposes may, however;
l. o,oJ Nv all stock thereto before issueu di
T. ", ;,crease of all the capital stock IN eNee
% .bc amount originally named as us su
o. % ub;cb the capital may be increased nI'
lie ~ ,,ade nv three fouTths OF all us ou's'"'
IN ing stock. ,,lo- sb,,l ever
ID held liable or responsible LOT tne Sr,hsr e.,
In faults of said corporation IN any H. char
TO ln f.t oyyned by him; nor shall any me me
4 81 S-I:.,, =, accumulation have the eHe