The herald. [volume] (New Orleans, La.) 1905-1953, 1915-10-28

corporeal and incorporeal: 10 issue bonds ant
ueslred, secure the same by mortgage, buy
ana mold stock in other companies incident
70 the objects and purposes or to the expan-
sion OF the business interests of the corpor.
alton; to name, elect and appoint such man.
ayers, agents, directors or officers as its bust.
ness interests may require, and to make and
es'dblish, alter and amend its by laws rules
ana regulations for its proper government as
may De deemed necessary and proper and
generally to do any and all things incident
- VI necessary and proper tor the extension
engaged.
Article lI.-This corporation shall be domi-
Cied at the city OF New Orleans in the State
process shall be served upon the president Of
the corporation and in the event OF his alb
sence, a. provided by law
Arucle lll.-Ihe objects and purposes for
when inns corporation IS organized and Gre
. ated and the nature Of the business 10 he
lows:
10 export or import, buy. sell or otherwise
| uedi IN or handle grains, feed stuffs and other
products or articles Of all kind. To manufac-
| ture teed stuits and by-products Of all kinds
10 act as agent for shipper or buyer or other
! "'sG IN import or export business, and gen
. eIaIly 10 carry on anything relating to i'm
P",uhS or exporting business buying and
selling, manufacturing or otherwise dealing
III or handling grain, feed stutfs and other
I products or articles.
'
ing or similar plants in connection there
WIN; to hold, own, lease or operate ware
houses Tor said purposes to issue bonds and
secure the same by mortgage or otherwise for
inc carrying on OF ITS business or incidental
10 us general purposes; to mortgage pledge
exchange or otherwise secure or dispose of
STOCK, bonds or other evidence of indebted
ness OF other corporations or associations, do
/ nestle or foreign, engaged in similar business
B 10 tins corporation that will extend the pro-
greSs OF the business hereby sought to be
conducted; TO issue Its own stock, bonds and
otheT obligations IN payment thereof. To
purchase plants, warehouses and other prop
cTty necessary and incidental to the business
ana to maintain and operate the same. To
conduct and carry on business in all states
throughout the United States and in the
/ territories thereof. and in foreign countries,
and generally to do and perform anything in
cldental to or necessary and proper TO or
which may carry out the purpose of or extend
Z the interests Of this CORPORATION in the de-
Veiopment and growth Of its business.
Article lN.-Ihe capital stock of this cor
poratlon Is hereby fixed at the sum of
SlU,Oo0O and shall be divided into and rep
. resented by one thousand shares of The par
value OF $4,000 each. Said stock shall be paid
tor IN cash or its equivalent as provided by
law, and IN such manner and at such time
and IN such inStallments as may be pre-
scrlbed by the board of directors.
This corporation shall become a going con-
Germ and shall be authorized to commence bus
mess as soon as S5O,OOO.0O Of its capital stock
shall have been paid for either in cash or its
equivalent as provided by law and all Of
. said 100000 of capital stock has in fact
been subscribed for at the time of the passing
Of tins act OF Incorporation, and is to be
paid tor in cash or its equivalent as in ac-
CordanCe with the laws of the State of Lou
isIana, a description and value of the prop
erty given in exchange for the stock being
/ hereto attached as in accordance with the
! provisions Of Act 267 OF the Session of the
General Assembly Of Louisiana for the year
1914
Article V.-The capital stock of this cor
poratlon may be increased. to the sum of
S25OOOO0O by vote Of twothirds Of all of
| the stock at a special meeting called for that
/ purpose or at a regular annual meeting of
the corporation.
Article VI.-All certificates of stock issued
| by this company shall be signed by the pres
! Idcnt and COuntersigned by the secretary or
treasurer by a director of the company.
| The stock of this corporation can be trans
! ferred only the books of the corporation
and subject to such regulations and formali-
I ties as may be by the board of directors from
time to time prescribed. No stakeholder shall
be permitted to sell otherwise dispose of
his stock without first offering the same in
writing to the other stockholders through the
| board OF directors, at a price not exceeding
! the book value thereof, and said stockholders
shall have option and first right to pur-
chase all the shares of stock to be thus dis
posed of by sale, death, resignation or other
wise of any of the stockholders, and shall
have a period of ten days in which to accept
or to decline said offer. Should the board of
directors or the stockholders decline to pur-
chase said stock, then the stakeholder Tor
stockholders who made the offer to sell or
otherwise dispose of the stock may do so in
any manner and at any price he may fit ;
but each share Of stock is issued herein upon
/ the condition and understanding that no
stakeholder shall make a sale or transfer his
stock in violation thereof, and such sale or
transfer if made shall be void, and this COM
pany shall be under no obligation to list said
/ stock on its books to regard the holder
of the certificate thereof.
Article NII.-Thc corporate powers of this
corporation shall be vested in and exercised
/ by board of directors composed of three
/ stockholders, two OF whom shall constitute
quorum for the transaction of business, but
said board of directors may be increased to
| five by a majority vote of the outstanding
stock at any annual meeting or at any spe-
/ cial meeting of the stockholders called for
said purpose, and without the necessity of
any further amendment or alteration of this
charter. The directors of this corporation
may vote in person or by proxy at any of the
meetings of the board of directors, and the
board of directors may delegate any of its
I powers to any officer officers or other rep
/ reSentative of the company by appropriate
resolution to thai effect The first board of
directors of this corporation shall be COM
posed of Karl NeumOnd, Ludwig Eisemann
and Ralph ]. Schwarz, who shall serve until
the second Wednesday in January, 1917, or
until their successors are elected and quail
/ ned. The directors snail be elected annually
/ by the stockholders at a meeting held on the
second Wednesday in January in each year
after date hereof. Notice of said meeting
shall be given fifteen days prior to the date
of the meeting in writing sent to each of the
stockholders at his last known place of resi-
dence The board of directors may change
the date of said annual meeting to any other
/ date in January by written notice to that
| effect sent at least fifteen days before the
/ date to which said annual meeting has been
changed, directed to each stakeholder at his
| last known place of residence. Each stock
! holder shall at such annual meeting or other
| meeting, general OF special, be entitled IN
person by proxy to one vote for every
share of stock owned. The elections shall be
| held under such rules and regulations as may
| be from time to time determined by the board
! of directors.
The directors when elected shall hold Office
/ for one year or until their successors shall
/ have been elected and qualifd and failure to
/ hold the annual meeting of stockholders or to
/ elect annually the directors shall not operate
| the forfeiture of this charter any rights
/ hereunder.
! The first officers of this corporation who
/ shall hold office until the second Wednesday
/ in January, 1917, or until their successors
are elected and qualified, shall be Ludwig
/ Eisemann as president and Fritz Marx as
ANY vacancy occurring in the board of dI-
rectors may be filled by the directors for the
! unexpired term.
! The first board of directors shall hold Office
until the second Wednesday in January, 1917,
/ or until their successors are elected and quail
/ flied.
! Article VIII-This charter or act of incor-