The herald., 1916-09-28

sell and preserve fresh and salt water shrimp
and FISH Of all kinds; 20 trap, purchase and
preserve furs and ,pelts and export them to
any market for sale; to buy, sell, ship and
store butter, eggs, hsh, vegetables, poultry
and all kinds OF perishable property; and
Tor this purpose to erect, build, construct and
other bull dings; 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
other machinery and apparatus or parapher-
MALTA necessary or incident thereto.
To carry on such other business appertain-
ing 10 canning, packing, buying and selling
shrimp, oysters, hsh, fruit, vegetables, edi-
BILE grains and other commodities as may be
necessary or desirable, or such as are gen
orally engaged IN by a corporation of this
kind.
Article IV.-The capital stock of this cor
poration is hereby fixed at the sum of seven
thousand three hundred (5U0OO dollars
divided into seveuty-three (7j) shares of the
par value of one hundred (Sl0000) dollars
each, provided that the amount TO which the
capital stock of this corporation may be in
creased shall be twenty-five thousand (S25,-
Oo0OO) dollars.
Fifty $500 per cent of the capital stock
Of this corporation must be subscribed for
before the filing OF the articles Of fncorpora-
tiOu. The subscribed capital stock of this
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
ization 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
and actually paid in, either in cash, or prop
this corporation is exchanged, in whole or in
part, in that event the provisions of Section
) Of Act 267 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 a board of directors composed of
FIVE stockholders, each of whom shall own,
in his own right, during his term of office,
at least one full-paid and unpledged share OF
the capital stock, which shall be shown by
his written declaration, and three directors
shall constitute a quorum for the transaction
of business. Said board of directors shall be
elected annually on the third Monday in
September, beginning with the year 1870
They, together with the officers elected by
them, shall continue in Office for one year,
elected and indicted into Office.
The election of the directors shall be held
| in the Office OF the corporation, under the SUI
pervision OF two commissioners appointed by
the board of directors. Fifteen days previous
notice of such election shall be given &c
each stakeholder by the secretary by letter
deposited in the postofice properly addressed
to each stakeholder, as prescribed by law
All elections shall be by ballot. A major.
vote shall be allowed for each share Of
| stock represented by the holder in person
or by written proxy. Any vacancy occurring
in said board from any cause shall be hllet
| for the unexpired term by the remaining di
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 member:
| OF the board, or the same person may b'
elected both secretary and treasurer. Any
| member Of the board of directors who canno
| board, shall have the. right to be repre-
| scented by a proxy. designated in writing fo
| that purpose, who shall be a stakeholder.
Article VI-The first board Of directors
! avenue, New Orleans, Louisiana; Chin U
1 Chong, 359 Charities street, New Orleans
/ Louisiana; c. w. Fook, 359 Charities street
New Orleans, Louisiana; Chin L. Bling, IA
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 c. w. Fook, as secretary treasurer
\ and these directors and officers shall serv
\ until the third Monday in September, in tn
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 stool
| thereof decreased or increased, or this cor
poration may be dissolved with the assent o
| two-thirds Of all its stock, after prior MOTTO
] in writing to each stakeholder, or mailed {
4 him at his last known postofice address ii
\ manner and form as prescribed by law.
4 Article VIII.-At the expiration of thi
| charter, or earlier dissolution of this corpo
1 ration for any cause, its affairs shall be Ii
1 qudated by one or more commissioners, to b.
elected by the stockholders, all Of whom shall
| hold stock in said company and said com
| missioners are hereby vested with full powe
and authority to liquidate the affairs of salt