The herald., 1916-02-03
ACT OF INCORPORATION

bf q. OABlKO, lNIORPOKAlED.
United States of America. State of Louisiana
Parish of Orleans, City of New Orleans.
BE it known, that on this, the 18th day Of
the month OF January, IN the year OF oui
Lord one thousand nine hundred and sxteer
O9l6). and Of the independence of the United
States Of America, the one hundred and for
tieth, before me, Joseph Sinai, a notary pub
lie, duly commissioned and sworn, in and
for the parish of Orleans, State of Louisiana
and therein residing. personally came and
appeared the persons whose names are here.
unto subscribed, who declared that, awaiting
themselves of the provisions of the laws o;
this state relative to organization of cor.
porations. and more particularly TO Act 26l
of the General Assembly Of this state, ap.
proved July g. 1914, they have COvenanted and
agreed, and do, by these presents, covenan,
and agree, bind, form and constitute them
selves, well such persons who may here
after Join, or become associated with them,
into a corporation and body polite in law,
for the objects and purposes and under the
agreements and stipulations following to-wlt:
Article 1.-The name and style Of this cor
poration shall be SC. Cabro, Incorporated. -
and, under that name, it shall have and en-
JOY all the rights, advantages and privileges
granted by law to corporations; II shall
exist for the period of ninety-nine (99) years
from this date; it shall have the power to
contract sue and be sued in its corporate
name; to make and use a corporate seal, and
the same to break, or alter, at pleasure to
hold, receive, purchase, convey, mortgage,
apOthecate, or pledge property both real and
personal; to issue bonds notes and other obi
cations or negotiable Instruments; to have
and employ such managers, directors, Off
GERS, agents and other employees, the inter
est and convenience OF said corporation may
require, demand; to make and establish
such by laws, rules and regulations for the
corporate management and control of the af
fairs of the corporation as may be deemed
necessary or expedIent
Article 1.-THE domicie Of this corpora
ton shall be in the city Of New Orleans,
State of Louisiana, and all citations and
other legal processes shall be served on the
president, or. in his absence, on the vice
president. and in the absence Of both, on
the secretary -treasurer.
Article III.-The objects and purposes for
which this corporation Is established, and
the nature of the business to be carried on
by it, are declared 10 be follows:
To buy, sell, trade, or deal, in sugars and
molasses, and all kinds Of commodities dealt
in upon the Sugar Exchange Of New Orleans,
forwarding and export business, and gener-
ally, to do any and all things which may be
germane, or connected with the objects and
purposes above set forth.
Article IN-The capital stock Of this cor
poration is fixed at the sum Of twenty-five
thousand dollars (S25,OOO), divided into two
hundred and fifty shares (25O Of the par
value of one hundred dollars (SlOOD each. All
SHARES OF STOCK sndIl Dc luli ld4a ana non
assessable No transfer Of stock shall be
binding upon the corporation unless made
upon its books.
Article V-All the corporate powers Of the
company shall be vested in and exercised by
A board Of directors composed OF three 90
stockholders. and a majority Of the directors
shall constitute a quorum for the transaction
of all business The directors shall be elect
ed annually, by ballot, by the stockholders,
on the second Tuesday OF January, IN each
wear. Each stakeholder shall bc entitled, IN
person or by proxy, to one vote for every
Share owned by him, and all elections shall