The herald., 1915-07-01

.ho declared that avalling themselves VI uie
"roy;sions of the laws of this state IN sueh
80 made and provided relating to the or
ganization of corporations, and more partc.
Silly ACT 267 OF the General Assembly OF
Ionisiana, approved July 3, 1919, they have
covenanted and agreed ana 40 Wy .'ese plS.s
EMS covenant and agree, blnd, form ana con-
stitute themselves, as well as such persons
as NAV hereafter join or become associated
with them, into a corporation ana Dody poi,
tic in law for the objects and purposes ana
under the agreements anu s'P~is''o'o 'O'
SrtIcie THE name and style of this cor
noration shall be Glee MOL Company, lncoT'
porated, and under that name IL shdll nave
and enjoy all the rights, advantages and
privileges granted by law to corporations, ana
Shall continue and subsIst TOR the period OF
ninety-nine years from the date OF inns act.
It's domicile shall be IN the city OF New "
leans. +. L:.L IL.
corporation is formed are:
10 acouire the ownership Of the formula
for making Glee Mol and to acquire the
trademark and all rights OF every description
growing out of the said formula or trademark
Of Glee MOL or appertaInlng thereto.
, To manufacture and sell Glee MOL; to
make contracts and agreements ana TO grant
concesslons to others for like purpose, and to
use and employ the said formula, trademark
and trade rights in every proper business
way. -, .,
other SyTupS, extracts anu SUI o4'HrNS' N4'44NA
as owner or as agent OF others.
4 To own, construct, MAINTAIN and operate
a bottling plant for the bottlIng OF Glee MOL
and of soft drinks in general.
5 10 do all business, make all contracts,
and in general enter upon and perform all
things necessary or germane tor the accom-
plshment OF the objects and purposes herein
above set forth.
Article III-The amount of capital stock
shall be six thousand dollars, divided into
sixty (OO shares of one hundred dollars each,
all of which shall be issued full paid and non
assessable in payment OF the formula, trade
mark and trademark rights OF Giee MOI syrup
and the property hereinafter described. The
rights and property aforesaid are hereby de-
scribed and valued follows, to-wlt:
The formula for the making OF Glee MOL
syrup, the trade name thereof and the trade
mark and right to use the trademark name,
the said trademark having been duly regis
tered, are hereby valued at SIX thousand dol
lars. .,
The following property, to-wit: One roller
TOP desk; one long desk; one hler; one type
writer Remington make; one iron safe; one
electric ian; one table lamp; six chairs; one
bill of lading hle; one perfection oil heater ;
literature and advertising matter; sixteen
large barrels; FIVE small barrels; one nifty
gallon barrel with burnt sugar; SIX sacks
graduated sugar; one platform scale; one
wagon skid; two large wooden tanks; one
dynamo and machinery attached; twenty-tour
one gallon Jugs; one hve-gallon jug; one water
cooler; one sugar boiler and gas heater;
which property is hereby valued at thirteen
hundred dollars.
A note for eight hundred dollars, dated May
IS 1915 balance due for the purchase price
of certain bottling works and contents and
secured by vendors lien and privilege upon
the said bottling work outfit, which debt Sc
cured by lien and privilege and with subro-
CATION to the same is hereby valued at the
sum of eight hundred dollars.
But notwithstanding the valuations herein
above set forth, it is we'll understood that
all OF said rights, properties and debt shall
be acquired for the total issue OF capital stock
OF six thousand dollars and no more.
The board OF directors is hereby directed
to acquire the property rights and credits
aforesaid and to cause to be executed the
transfers and instruments passing proper title
TO all and singular the property hereinabove
described and to issue therefor the entire
full paid and worcestershire capital stock OF
this corporation.
No sale of the stock of this company shall
be valid unless opportunity has been hrst
given the other stockholders to acquire the
same Written notice of the intention to sell
said stock shall be given to the company and
served on the president. Said notice shall
be addressed to the board of directors and
shall state the price at which the said stock
is offered. 1t shall be the duty of the board
of directors TO meet Immediately this notice
is received and to order same transmitted at
once to the other stockholders Of record, and
said stockholders shall have the privilege to
seven days from the receipt of the notice
from the board of directors as aforesaid. The
right of the stockholders to purchase said
stock shall follow the same into the hands of
any purchaser who has 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 certificates of stock shall bear upon
their face brief reference to the rights here
inabove established in favor of the stock
holders.
The capital stock of the company may be
increased to one hundred thousand dollars.
Article IV.-All the corporate powers shall
be vested in board of directors to be COM
posed of three stockholders, elected annually
on the first Monday of October in each wear
and the first election for board of directors
shall be held on the first Monday in October,
1916.
The following persons are hereby declared
TO be the board of directors to serve until the
said election and until their successors are
appointed to-wt:
Paul Freund, whose post Office address is
coo Godchaux Building, New Orleans, Lou
isiana.
Leonard Duplessis whose post Office address
is COO Godchaux Building, New Orleans, Lou
isiana.
Benjamin w. Dart, whose post Office address
is 9O4 Canal Bank Building, New Orleans,
Louisiana.
All the powers conferred by law upon cor
porations are hereby vested in the said board
of directors. The said board, however, shall
not sell, ALLEVIATE or dispose of the formula
trademark and trademark rights of Glee Mol
without the unanimous consent of the entire
board.
The said board of directors as herein con-
stituted shall meet without notice after the
signing of this charter to elect officers, estab-
lish bylaws and to transact such other bust
ness as may be brought before it.
The board of directors elected in 1916 and
thereafter shall hold their first meeting on
he daN hat thA,, Il -
may be thereafter.
All meetings of the stockholders, save where
otherwise required by law shall be held on
forty-eight hours written notice delivered in
person or mailed to the post office address of
the said stockholders.
In case of temporary disability or absence,
any director may give his written proxy to
another director, to a stakeholder, to act for
him at meetings of the board of directors
Article V.-The names of the subscribers
to the stock of this corporation, the post Office
address of the same and the amount of stock
subscribed for by each is as follows:
Paul Freund, whose post office address is
6Oo Godchaux Building, New Orleans, Louisi-
ana, 20 shares.
Leonard Duplesss, whose post Office address
IS GOO Godchaux Building, New Orleans, Lou
isana, 20 shares.
DEIMEL
Benjamin W. Dart, whose post Office address
Is eO4 Canal Bank Building, New Orleans,
Louisiana, 20 shares
The said subscribers will pay for the said
stock by the sale, transfer and exchange of
the rights, ownership, and property, all stu.
ate in New Orleans, Louisiana, and described
in Article III nf he ,,,L:.L =. ii