The herald. [volume] (New Orleans, La.) 1905-1953, 1915-08-19

ments of their business.
Article 1.-THE domicile of this corpora |
T por;ss shall be in the city Of New Orleans;
rarlsh OF Orleans, State of louisiana All |
citations and other legal papers shall be !
served on the President of the Company, and
IN his absence on the Vice President or Sec |
Article III--The purposes for which this
corporation IS formed to conduct the bust
ness of dealing in, buying and selling at
wholesale and retail of food and feedstuffs
and all materials necessary for manufactur
ing iced and to mix and manufacture feeding
materials for cattle and stock, and shall have
authority to do, business throughout the
buy and sell real estate, machinery, patents,
patented processes and patent rights and all
other necessities having such purposes in
view, and TO enter into all contracts and
agreements necessary or expedent for the
carrying out OF the business OF this corpora
tion.
Article IV.-The capital stock Of this cor
poration is fixed at the sum of fifty thousand
dollars (S5O,OOOOO, divided equally in pre-.
TERED and common stock. Two hundred and
htty. (2SO) shares Of the par value OF one
hundred dollars $4,000 each shall be non.
assessable, cumulative, eight per cent 800
per annum preferred stock, divided into two
classes: Class a. and Class "B." Each
1--WE Q25l shares Of the par value OF one hun
dred dollars $4,000 each. Both classes
shall receive eight per cent 800 per annum
dividends. cumulative and preferred. payable
d. ONCE OF lUt company on lllt IlNl NlSl'
day of August each year. Class "B' OF said
preferred stock will only receive dividend
OF eight per cent $50 per annum and an al
lowanCe 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 Class "R' stock shall only
receive eight per cent go per annum diiyi-
bends and shall not participate in any add
tional dividends which may be declared. A
special record shall be kept by the Secretary
Treasurer OF such payments, which payments
shall also be endorsed on the certihcate OF
| Class "B" stock and credited at tn time such
feed is paid for. Two hundred and nifty (ZcJ)
shares of the par value OF one hundred dol
lars CSlOOO0 each shall constitute the COM
mon stock of this corporation, but the com
mon stock shall not participate in any divi-
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 tS25,OOOOOl,
! whether earned in one or more years. Inc
| certificate Of stock shall be signed by the
| President and by the Secretary Treasurer or
| in the absence or inability TO act of the Pres
| ident by the Vice President and Secretary
and Treasurer. Said stock shall be transfer.
able only on the books of the Company, and
On the surrender or due proof OF loss OF me ne
| original certificate. The capital stock may be
| increased TO two hundred and fifty thousand
dollars (s25OOOO.00D. All subscriptions shall
be paid for in cash, property or service, al
such time that the Board of Directors shall
require, and the laws Of this State provide.
| The corporation shall begin 10 do business
when twenty-five thousand dollars C2o,pD!O)
of the capital stock has been subscribed tor,
| fifty per cent C5Oc1) thereof has been paid for
| and the remainder of the authorized stock
shall be issued at such time, and upon such
| terms and conditions as the Board oil BirSc-
this Company may be voted cumu atlvely by
the holder thereof as provided by Act No. 2o|
of 1914.
Article V.-All the powers of this corpora
ton shall be vested in and expressed by a
hoard of FIVE directors, each of whom shall
own at least one share of the capital stock
of this Company and three to constitute
The said directors shall be elected by. bal
lot at the annual meeting OF the shareholu'
ers under the supervision of two commission
which meeting shall be held on the third
Ord Monday of January of each year after
due notice given to the stockholders by the
Secretary by mail at least htteen DAYS Itiol
10 the date of such election. At all meetings
of the shareholders each shareholder shall oe
entitled to cast one vote, in person or Dy
proxy, on each share of stock held by MN
but no person shall vote any stock trans
fer-ed within ten DAYS prior TO the hold ding oil
isuch meeting At all elections 1t snail re
ouire majority of the votes cast 10 erect
At any meeting OF the Board OF 3lre'to.S an Il.
represented by another director, VINO MAY
cast the vote OF said absent director accord
ing TO the written instructions OF SAID anseh
director. The Board of Directors shall have
the mower by two-thirds vote OF all the dlrec
tors to lease, sell, mortgage or pledge an,
and all Of the property, movable ana lfnI io'
able, belonging to the Sorpo s1 - 70 a
So and thew may also purchase Tor casn' %
on credit. property of any kind required Il! o
anv of the purposes of this corpoT3tion' VIII VIII
| ont authority from the shareholders. IN
Road OF Directors shall have the power I
! issue or confer general power or speclal pow
, on the President to issue promlssory note
and other negotiable paper, o.;,o 70 he he'll
under this charter viz, on the thIrd Monud
| of January, 1916. the Board OF DIRECTORS :, y
this Company shall be composed OF mas. II
la; Anthony Wizard, Jr., Reeves, Ia; ia,
N Mvatt. 6n2O Camp street New Or
!: La; E. NJ Williams, .Vinton. La and 10
+ P Standefer. o93 Calder avenue. Beaumon
e Texas, with Chas. H. ORourke. as Presiden
and Anthony Wizard. Jr., as Vice Tresiden
n and James NJ. Myatt Secretary treasure
In case of any vacancy either IN tne au Io
named Board of Directors. or in any otne
a IN, remaining members shall have the po"t
I TO FIJI the vacancies; and all directors an
!, officers of the Company shall remain IN o
fee until their successors HS ar, are a e,T NEE
inc shall not dissolve the corporation %. pi
the meeting shall he held as soon as possio
after the regular date ..;,, ma
| Article VII MS dSl VI
= he changed. altered or modified. or the ca
;tal stock may be increased or decrease
with the assent of two-thirds OF its STOCK
+ a meeting duly called for that purpose ait
ten days' due advertisement IN one Oh !;
daily newspapers of this city, and after WI
, Ten notice mailed to each stakeholder at n
= Let Lnown address; provided. however, tn
the objects and purposes OF lncorpor d.I.
=. shall not ne changed. and the capital stoC
= shall not be increased to more than the ma
Il imum permitted in the original act OF inSo
Il noratior. nor decreased 20 an amount lie
: than the corporate Indebtedness. chah,,
{. in objects and purposes may: howeveti; ..
:, voted by all stock thereto before issued al
!, , su Increase of all the capital stock in exec
= of the amount originally named as the su
p | TO which the capital may be increased M
!. he made BY three-fourths of all its outstan
70 ing stock. III 1890
~ Article VII.-No stockholder shall ever
: IbeId Eahl. or responsible for the contracts
II faults of said corporation in any turther su
"A than the unpaid balance due on the shar
# of stock owned by him; nor shall any me
\. informality in organization have the enc
3 OF rendering this charter null or exposing
!, | stakeholder to any liability beyond I
" amount of his unpaid stock; nor shail az
" informality or irregularity in organizatl'
n ever have the effect OF rendering any stoe
holder liable a partner
m Article VIII.--Whenever this corporation
v dissolved either by limitation of time or
<. the determination of the stockholders, its {
RS fairs shall be liquidated under the supt
Id vision of two liquidators to be appointed
d that purpose at a general meeting OF
te Stockholders convened after ten days notlt
1e which shall have been sent by mail to I