The herald., 1916-08-24

| COMPANY, INC.
State OF louisiana, Parish OF Orleans, City
| al New Orleans.
| BE It known, that on mis-. the 2lst day OF
! :he month OF August, in the year OF our
| Lord, one thousand, nine hundred and SIX
| teen and OF the indcpe ndcnCe of the United
States Of America, the one hundred and
| forty first, before NE, Charles T. FletChingcr.
| a notary public, duly commissioned and quail
| med IN and Tor the city, parish and state
| Aforesaid. and IN the presence OF the wit
| UesSes hereinafter named and undersigned,
! personally came and appeared the several
| persons whose names are heteurto subscribed,
| Who declared that, ayaIling themselves Of
| the provisions OF the laws Of this state rel
| alive TO the formation and organization of
| corporations, they have Covtuauted and agreed
| and do, by these presents, covenant, agree
| and bind themselves, well those who
| may hereafter become associated with them,
| 70 form themselves into a corporation for the
! objects and purposes, with the name and I'M
der the stPulations following, to-wit:
Article The name and style OF this cor
| poration shall be The Frye Cotton Oh Pro-
| ducts Company, Inc and by said corporate
| name, II shall nave succession and enjoy tx
| istence for a period OF ninety nine years from
| the date hereof, unless sooner dissolved in
| the manner provided by law and the articles
| OF this charter; and under said corporate
| name II shall have power and authority 10
contract, and be sued to make and use
| a corporate seal, the same 10 alter or break
regulations for its corporate management and
control, and shall have and ENJOY all the
rights, privileges and Irrnunities which are
now conferred upon may hereafter be
granted 10 corporations OF the same kind and
character.
Article 1.-The domcie of this corpora
! ton shall be in the city OF New Orleans.
State OF louisiana, and all citations and
other legal process shall be served upon the
president or in his absence, upon any other
officer OF the corporation.
Article III.-The objects and purposes for
which this corporation Is formed de-
clared TO be as follows: To manufacture,
refine and deal in oils, fats, lards and their
compounds, Of all descriptions; TO acquire
lease, construct and operate plants and fac.
tories for the manufacture and refining Of
fats oils, lards and their compounds of every
kind and description, according 10 a certain
formula or process invented, discovered and
owned by George Vincent Frye; to purchase,
lease or acquire said process OF formula, or
10 contract tor the use OF same, said pur-
chase or lease, or contract TO include all i'm
prOvements in the present process, any new
processes Of ike character as may be here.
after invented discovered by the said
George Vincent Frye; to purchase, lease and
otherwise acquire real estate, and 10 hold, |
improve, mortgage and dispose of the same
TO build factories and warehouses, and con-
StruCt and operate railroads and switch tracks |
in connection herewith; to acquire stock in
other corporations, and 10 vote the same, and, |
generally; to do and engage IN any business
lnClutntdl or gernanc 10 the OBJECTS and |
purposes hereinabove set forth.
Article IV.-The capital stock of this cor
poration shall be fifty thousand G50,OO00) |
dollars, divided into five hundred $500 shares, |
OF the par value OF one hundred $4,000 dol |
lars each, all OF which shall be common stock |
and same may be issued for cash money, or |
in payment Of property or services actually |
received by or rendered 10 the corporation.
This corporation shall commence business |
and become going concern as soon as the |
-k,fa ~ 4
stock shall have been subscribed and paid |
for; said stock shall be fully paid at the |
time Of its issuance and thereafter non-as |
sesable.
No s,ockholder may offer for sale, or assign, !
or transfer his stock IN this corporation with |
out first giving 10 the other stockholders !
thirty 800 days prior notice Of such inten- |
ton, which notice shall be given IN writing |
to the secretary, and the other stockholders |
shall have the first privilege OF purchasing |
the said stock at the book value thereof for |
a period Of thirty (]0l days from delivery OF |
said notice to the secretary and the stock. |
holders, after which thirty days, II said |
stockholders do not avail themselves Of said |
privilege, said stock may be sold 10 whom |
soever the stakeholder may see TT.
The parties to this act hereby declare that
they subscribed for a number Of shares Of
the capital stock set opposite their respect.
i've signatures hereto, 50 that this &C, OF in. |
corporation shall serve as the original sub
scription.
George Vincent Frye, one Of said sub |
subscribers 10 the extent Of four hundred |
and seyentyhve (47D shares Of the capital !
stock OF said corporation, in full payment and |
liquidation Of said subscription, does hereby |
assign. set over and deliver 70 this corpora
ton, the sole and exclusive right Of use,
during the life OF this corporation, Of his
certain process, formula or method Of con-
verting cotton seed and other vegetable oils !
as the Frye Process the basis Of which |
method IS the passing OF currents Of cleo
tricity through electrodes, the composition of |
which electrodes is a secret and known solely 4
10 the said George Vincent Frye. i
Said assignment shall be further evidenced /
and supplemented by a contract between the l
Frye, providing and STIMULATING FOR the de-
safety deposit vault IN some bank IN the n
city OF New Orleans, which contract has al
ready been submitted 70 and approved by \
the said Frye and the Board 81 Directors Of
this corporation. II
And it is further understood that at the
termination OF this corporation, whether by 1
limitation, by voluntary or Involuntary DIS
solution, or for whatever cause, that no fur. /
Their rights 10 the said "Frye's Process and \
secret electrodes shall remain in this cor
creditors, but that all II the rights which
at once revert and become vested in the said /
George Vincent Frye, his heirs or assigns.
And the said A Franklin pugh. George
Vincent Frye, Oswald Ogden, Ernest J. Iar- /
Tor and J. Clifford Lyons, comprising al Of !.
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