The herald., 1916-10-12
CHAR

CHARTER
OF Fou 10y and Company. incorporated.
State Of Louisiana, Parish OF Orleans, City
| OF New Orleans.
| Be il known. that on this 9th day of the
| month OF September, in the year OF our Lord,
| one thousand nine hundred and sixteen, be-
! fore me, John X. Upton, a notary public in
| and for the Parish OF Orleans, State Of Lou
| isiana, duly commissioned and qualed, and
| IN The presence OF the undersigned witnesses,
| personally came and appeared: the several
! persons whose names are hereafter subscribed,
/ OF the full age OF majority, who declared to
| me that availIng themselves of the laws OF
| this state relative to the organization of
| corporations, and more especially Of Act 267
| IF 1914, page 81, OF the legislative acts of
/ ,hiS state. they have covenanted and agreed,
| and by these presents do covenant and agree
| for themselves and their successors and as
| signs TO form themselves into a corporation
! and body polite, for the objects and pur-
! poses and under the stipulatiOns hereinafter
4 set forth, to-wit:
Article 1.-The name and title Of this cor
| poratiOn shall be "Fou Low and Company
| Incorporated" and under such title it shall
| have and ENJOY succession for a period of
| nInety-nInc (S9D years from date hereof and
| shall have power and authority to contract,
| sue and he sued, make and use a corporate
seal, the same to break and alter at pleas
| ure; to hold, sell, lease. mortgage, hypO;he-
| cate, or pledge property, real personal or
| carrying on Of its business; to buy and hold
| stock IN any other company or companies
| that may assist this company in its objects
| and purposes; TO make and issue notes and
| certificates of indebtedness; to name elect
| and appoint managers, directors and clerks
| or other employees TO properly conduct its
| corporate business and TO make such bylaws
| rules and regulations as may be found nee
| esSary or desirable for the MANAGEMENT and
| business affairs Of this corporation, and gen.
| orally 10 do every other act, matter or thing
| necessary for the complete and proper car
! rying out OF said business.
! Article 1.-The dOrnicIle of this cornOra.
ton shall be in the city of New Orleans,
nparlsh of Orleans, State of Louisiana, where
all citation and other legal process shall be
| served upon the president, or in the absence
! Of the president upon the vice president, or
in the absence of both upon the secretary.
! Article ll1.-The objects and purposes of
this corporation are hereby declared and
| stated TO be:
To take and deal in. acquire. purchase.
! sell and preserve fresh and salt water shrimp
and fish of all kinds: to trap purchase and
| preserve furS and pelts and export them TO
! any market for sale; 10 buy, sell, ship and
! store butter, eggs, FISH, vegetables, poultry
| and all kinds OF perishable property; and
| for this purpose 10 erect, build, construct and
contract for the erection of dwellings and
| other buildings; to construct, maintain and
| operate plants and houses for canning and
packing and ice and cold storage plants and
| factories; to build, own, lease and operate,
| for the purposes OF its business, canals, tram
ways, railroads, boats, barges or other con-
veyanceS both freight and passenger, and all
| MALTA necessary or incident thereto.
To carry on such other business appertain-
ing to canning, packing, buying and selling
| SnTImp' oysters, nsh. fruit, vegetables, edi-
| bic grains and other commodities as may be
| necessary or desirable, or such as are gem
orally engaged IN by a corporation OF this
Article IV.-The capital stock of this cor
porstion is hereby fixed at the sum of seven
thousand three hundred (s7,SOOOO dollars,
divided into seventy-three G5l shares of the
par value OF one hundred $4,000 dollars
each, provided that the amount to which the
! capital stock OF this corporation may be in
| creased shall be twenty-five thousand (s25,-
0o00O dollars.
Fifty $500 per cent of the capital stock
Of this corporation must be subscribed for
| before the filing OF the articles of incorpora-
ton. The subscribed capital stock of this
| corporation shall be payable in cash and in
property, real or personal.
| No stockholder shall ever be held liable
or responsible for the faults, contracts or
debts OF this corporation in any further sum
| than the unpaid balance due the corporation
on the shares of stock subscribed for by him,
! nor shall any mere informality in the organ
| ration have the effect of rendering this
charter null or OF exposing any shareholder
to any liability whatsoever.
This corporation shall not engage in bust.
| ness until four thousand (S4,00OO) dollars
| of the capital stock shall have been issued
l and actually paid in, either in cash, or prop
erty, as aforesaid II any Of the stock OF
i
| part, in that event the provisions of Section
) Of Act 20 of 1914 shall be strictly COM
| piled with.
| All transfers of stock of this corporation
! shall be made on the books OF this corpora.
| tion at its Office in the city of New Orleans.
| Article Vail the corporate powers of
this corporation shall be vested in and ex.
| ercised by board of directors composed of
4 five stockholders. each of whom shall own,
| in his own right, during his term of office,
| at least one full-pad and unpledged share of
I the capital stock, which shall be shown by
his written declaration, and three directors
| shall constitute quorum for the transaction
of business. Said board of directors shall be
| elected annually on the third Monday in
| September, beginning with the year 1920.
| They, together with the officers elected by
| or until their successors shall have been
elected and indicted into Office.
| The election of the directors shall be held
in the office of the corporation, under the su.
| the board of directors. Fifteen days previous
| notice of such election shall be given TO
| each stockholder by the secretary by letter
deposited in the postoffce properly addressed
All elections shall be by ballot. A major.
| ity OF the votes cast shall elect, and one
| vote shall be allowed for each share of
stock TX Te2,esrnisd by she holder in person
| IN said board from any cause shall be filled
| for the unexpired term by the remaining d.
| rectorS. The board OF directors shall al
| their first meeting each year, elect from
their own number a president, vice-presi-
| dent and shall also elect a secretary and
| treasurer. who may or may not be members
| Of the board the same person may be
| elected both secretary and treasurer. Any
member of the board of directors who canno,
| be present in person at any meeting of the
| board. shall have the right to be repre-
| sented by proxy, designated in writing for
| that purpose, who shall be stakeholder
Article VI.-The first board of directors
| shall consist Of Chin Chow Foo, 1l2O Tulane
avenue, New Orleans, Louisiana: Chin u.
| Chong, 33 Charities street, New Orleans
| Louisiana; c. w. Fook, 33o Chartres street
South Basin street, New Orleans, Louisiana
| Lum Di Ten, Grand Island, p. O., louisiana
| with the said Chin Chow Foo as president
| and said Chin U. Chong as vice president
| and said {. w. Fook, as secretary treasurer
and these directors and officers shall serve
/ until the third Monday in September, in the
year 1920, or until their successors are elected
and indicted into Office.
| Article VII.-This charter may be modified
| changed, altered or amended, the capital stock
4 thereof decreased or increased, or this cor
/ poration may be dissolved with the assent oil
| two-thirds of all its stock, after prior notice
| in writing to each stockholder, or mailed to
him at his last known postofhce address in
| manner and form as prescribed by law.
| Article V11I.-At the expiration of this
l ration for any cause, its affairs shall be Ii.
1 quidated by one or more commissioners, to be
elected by the stockholders, all of whom shall
hold stock in said company and said COM
1 missioners are hereby vested with full power
and authority to liquidate the affairs of said