The herald., 1916-10-05

sell and preserve fresh and salt water shrimr
anu nsn OF al kinds; to trap, purchase and
preserve furs and pelts and export them tC
any market for sale; TO buy, sell, ship and
store butter, eggs, hSh, vegetables poultry
and all kinds Of pershable property; and
loI tnis purpose 10 erect, build, construct and
contract tor the erection OF dwellings and
other buildings; to construct, maintain and
operate plants and houses for earning and
packing and ice and cold storage plants and
factories; to build. own, lease and operate
tor 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
10 carry on such other business appertain.
ing. TO canning, packing, buying and selling
SHRIMP oysters, hSh, fruit, vegetables edi.
Die grains and other commodities as NAV be
NECESSARY OF desirable, or such as are gen.
kind. u ''i''
Article Iv.-The capital stock of this cor.
poratlon IS hereby fixed at the sum of seven
thousand three hundred (S7,3OOOO) dollars,
divided into seventy-three (75) shares OF the
par, value Of one hundred $4,000 dollars
each, provided that the amount 10 which the
capital stock OF this corporation may be in.
SGeaSed snail be twenty-five thousand (S25,-
Fifty 5000 per cent of the capital stock
OF this corporation must be subscribed for
before the filing Of the articles of incorpora-
'ioH' AC SUBSCRIBED Capical stock of this
corporation shall be payable in cash and in
property, real or personal
NO stakeholder 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,
lzation have the. effect of rendering this
smarter null or OF exposing any shareholder
to any liability whatsoever.
This cornora,;nr
ness until four thousand ($40OOO dollars
OF the capital stock shall have been issued
and actually paid in, either in cash, or prop-
erty' as aforesaid. If any of the stock Of
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
ton at its office in the city of New Orleans
Article V.-All the corporate powers of
this corporation shall be vested in and ex-
creased by board of directors composed of
hve 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
MS 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 1920.
They, together with the officers elected by
them, shall continue in Office for one year,
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 SUI
pervlsion of two commissioners appointed by
the board of directors. Fifteen days previous
notice Of such election shall be given to
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
lily OF the votes cast shall elect, and one
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 filed
Tor the unexpired term by the remaining di-
their first meeting each year, elect from
heir own number president, a vice.presi-
dent and shall also elect a secretary and
TeaSurer, who may or may not be members
y the board, or the same person may be
member OF the board of directors who cannot
De present in person at any meeting of the
board; shall have the right to be repre-
' e by proxy. designated in writing for
Article VL-The first board of directors
hall consist of Chin Chow Foo, ll20 Tulane
venue, New Orleans. Louisiana: Chin U.
n9sIsuS cR W Foot street New Orleans
New Orleans, louisiana; Chin L. Bing, l47
south Basin street, New Orleans, Louisiana
-um Di Ten, Grand Island, 2. o., Louisiana,
With the said Chin Chow Foo as president,
md said Chin Y. Chong as vice president,
md said {. w. Fook, as ary-treasurer,
md these directors and officers shall serve
Until the third Monday in September, in the |
ear 1920, or until their successors are elected |
nd indicted into Office
Article VII.-'This charter may be modified. !
hanged, altered or amended, the capital stock |
hereof decreased or increased, or this cor
Grafton may be dissolved with the assent of |
wo-thirds of all its stock, after prior notice |
a writing to each stakeholder, or mailed to |
i'm at his last known postoffice address in |
tanner and form as prescribed by law.
Article VIII.-At the expiration of this
harter,. or earlier dissolution of this corpo-
alton for any cause, its affairs shall be Ii.
Undated by one or more commissioners, to be
leeted by the stockholders, all of whom shall
old stock in said company and said com.
.ssioners are hereby vested with full power
nd authority to liquidate the affairs az aid