The herald., 1916-09-21

sell and preserve fresh and salt water shrimp
and fNh OF all kinds: TO trap, purchase and
preserve turs and peltS and export them to
any market Tor sale: to buy, sell. ship and
store butter. egg, fish, vegetables, poultry
and all kinds OF perishable property: and
for this purpose 20 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 let and cold storage plants and
factories; 10 build, own, lease and operate
Tor the purposes Of its business. canals, tram
ways. railroads, boats, barges or other con-
yeyances 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-
bic grains and other commodities as may be
necessary or desirable, or such as are gen
kind
Article IV-1he capital stock of this cor.
porat'on Is hereby fixed at the sum OF seven
thousand three hundred (S7,SO0OO) dollars
divided into seventy-three GO shares of the
par value OF one hundred (slU.OO dollars
each. provided that the amount TO which the
capital stock Of this corporation may be in
O0GOI dollars.
Fifty Gocc) per cent of the capital stock
OF this corporation must he subscribed for
before the filing of the articles of ncorpora-
tion. The subscribed capital stock of this
corporation shall be payable III 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 tho 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
mes tfyf fur md InI1
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
this corporation - exchanged in whole or in
part, IN that event the provisions Of Section
) OF Act &7 OF 1914 shall be strictly COM
piled with
All transfers of stock of this corporation
shall be made the books of this corpora
tion at its office in the city of New Orleans.
Article N.-All the corporate powers of
this corporation shall be vested in and ex-
ercised by 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 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 i'll 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
pervision Of two commissioners appointed by
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 postoffice properly addressed
to each stockholder, as prescribed by law.
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
or by written proxy Any vacancy occurring
IN said board from any cause shall be filled
tor the unexpired term by the remaining d.
rectors. The board Of directors shall a;
t their hrst meeting each year, elect from
their own number a president a vice-presi-
dent and shall also elect a secretary and
treasurer, who may or may not be members
OF the board, or the same person may be
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 a stockholder.
Article VI.-The first board of directors
shall consist OF Chin Chow Foo. il20 Tulane
avenue, New Orleans, Louisiana; Chin u
Chong. 3S Charities street, New Orleans
New Orleans, Louisiana; Chin L. Bing, Ia
South Basin street, New Orleans, Louisiana
Lum Di Ten, Grand Island, p. o., louisiana
with the. said Chin Chow Foo as president
Sdlu NulIl y. NnOnB dS NICc-pIcSlOcut
and said C. 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
thereof decreased or increased, or this cor.
poration may Sc dissolved with the assent Of
two-thrds of all its stock, after prior notice
in writing to each stakeholder, or mailed to
him at his last known postofhce address in
manner and form as prescribed by law.
Article VIII.-At the expiration of this
charter, or earlier dissolution of this corpo-
ration for any cause, its affairs shall be Ii.
quidated by one or more commissioners, TO be
elected by the stockholders, all Of whom shall
hold stock in said company and said com.
missioners are hereby vested with full power
and authority to liquidate the affairs of said