The herald. [volume] (New Orleans, La.) 1905-1953, 1916-06-01

of its issuance and non-assessable; all Ger.
| tihcateS Of stock shall be signed by the pres
| treasurer OF the corporation. The capital
| stock OF this corporation may be increased
| 20 the sum Of fifty thousand dollars.
| Article N.-All the corporate powers 81 said
| corporation shall be vested IL and exercised
! by a board Of directors 10 be composed OF
! three stockholders. a majority 4 whom shall
! Go 's'tH;e q quorum Tor the Transaction q,
! business. The first board Of directors shall
| be composed Of: William ". Nc,;erucli. @JJ
/ iennru Bldg, New orleans, La; G"0-Ec J.
| RiCau. lO5 North Peters Street. New Orleans,
Street. New Orleans, L., OF which William
| ". WcstcrHeld shall zoe president, Maurice J..
/ DcNfo~scS, vic".Prc~deut, and George !.
K.Sau, 'csrera-y-r
The said officers and directors shall hold
| office until the second Monday IN January,
I l'il, Or until Their successors are duly
elected and installed
On The second Monday in January, and
annually thereafter. "a meeting of the stock
h"llsrN Shall be held for the purpose Of
rie.uu- 's0cc.r-, {ag The ensuing year
such election shall be by ballot and 81 the
torrg..c # the cooperation, and the stock
H1lt,-, .c-eIv.-E the votes Of 'Lc majority
! Of ,hc shares cast shall he declared elected.
! tt''lrg % hold an election "a the day sPe-
-'.rI shall not dissolve the corporation bat
sine directors ~ ONCE shall hold over until an
election shall hg held Neither shall failure
30 hold an annual meeting cause forfeiture
% this act at Incorporation. The directors
/
a pes dent. yIcc-prc-'acut and secretary
treasurer; they shall appoint such officers.
agents. managers. and employees 81 they
may deem necessary % the proper C8niact
shall hold utu,c or employment subject 10
J the pleasure ~ the board. In case Of Va
| cauey IN the board Of directors, from death,
resignation, removal or any other cause, the
remaining members i the board shall act as
| a full board until the next annual meeting
| In case Il such vacancy among he officer,
| The board shall have the power % Ell such
vacancy from among the Stockholders OF the
| corporation.
| All promis,o-y notes, drafts, check. ac-
| ccptauyeS, contracts. and other evidences OF
! Indebtedness, A. Ncl IS obligations Of every
! nature binding upon this cooperation, SHALL
/ he signed by the secretary-,rea,ure- and IN
/ the event OF has absence, or inability 20 act,
, by the resident.
! Article EI-No,icc Of all meetings OF stock.
/ holders for election ui directors Or for any
! other purpose, shall be given by the sccre-
/ taIy- treasurer, y write. or printed notice,
/ by drpos'tlng IN the mail, postage prepaid,
! aud directed 70 each stakeholder al hrs or
/ her last known address as shown by the
! books OF the corporation. SAID notice shall
J. be mailed fifteen lO days before the datc
! set Tor the next meeting, unless the same IS
waived IN writing by all the stockholders ap-
| pearIng on the books. At least two days be-
| lore said meeting complete list Of stock
| SpeCtiOn by the stockholders a. the place OF
| said meeting Al all such meetings every
| stakeholder shall hc entitled 20 one vote for
| each share Of stock standing in his name on
| the books Of the corporation to be cast IN
| person or by written proxy; and the major
! Iy of all the votes east shall be sufficient
| 70 decide all questions voted upon except
| for the alteration, amendment or modification
| OF this charter, or the dissolution Of the cor
| poratIOn.
| Special meetings Of stockholders may be
| held when ordered by the board OF directors
| OF by the holders OF twenty-five per cent OF
| the outstanding capital stock, and the pres
| Ident may, shall. call such meeting by
| giving at least two days notice 10 all stock.
| holders OF record, IN person or through mail,
| # such notice be not waived by unanimous
| consent Of all stockholders.
| Article EII.-No stakeholder shall ever be
held liable or responsible for the contracts
| or faults OF this corporation any further than
the unpaid balance, due to the corporation
| on the shares owned by him.
| Article NIlI.-Thi> act Of Incorporation may
| be altered, modified or amended, the cor
| poTatIon dissolved by the vote OF two-thirds
| OF the capital stock present or represented
| al general meeting of the stockholders
called for that purpose and notice thereof
| shall be given, a provided in Article Six
| OF this charter, and in case OF dissolution, al
| least a majority Of the entire stock must be
| present or represented at such meeting and
| the stockholders at such meeting shall elect
two liquidating commissioners who shall have
entire charge OF the assets of the corporation
and who shall have power TO I'LL vacancies
occurring IN their number. At the termina-
ton, the business and affairs shall be like
wise wound up by two liquidatorS, appointed
as above set forth.
The subscribers hereto have set opposite
| their names the amount OF stock subscribed
! by each of them:
[ George J. Ricau one hundred and one NOD
J shares; William ". Westerheld, five 81
, shares; Maurice Dcsforges, three 90 shares;
/ Paul Best, one % share.
| The subscription of William W Wester-
field, Maurice Desforges and Paul Best shall
| be paid for in cash, III such installments and
At such times, as the board of directors may
! elect. The subscription of George ]. Ricau
shall be paid for by the transfer TO this cor
poration Of all OF the assets and good will
| name Of New Orleans Sugar Company, which
| assets are more particularly described as
| follows:
| Cash in bank. three thousand seven
hundred thirty nine and H/l0O
dollars SS,I3 IL
Gsanulated sugar in barrels, four thou,
s4HoO dollars -. 4.744s4
Standard fine granulated sugar in
bags, one thousand six hundred IF.
teen and 99/lOO dollars.--..-----------. 1859
Total. ten thousand one hundred
| dollars -.-....-..-.......- - SO. 100 90
which assets. the board of directors of this
corporation have appraised and do hereby
| appr3Ise at the sum of ten thousand one hun
bred sl0l0o0O dollars.
Thus done and passed at my office in the
| city of New Orleans OIL the date hercinabove
| first written, in the presence Of Philip II.
Mentz and Louise J. Guidry, competent wit
| nesses, who have hereunto subscribed their
names, together with the appearers and me,
notary, this twenty day OF April, 1916.
| Names of subscribers omitted.
Witnesses: Philip H. Mentz, Louise J.
| Guidry.
(Signed) A. ". COOPER, Not Pub
!, the undersigned recorder OF mortgages
| in and for the parish OF Orleans, State of
| Louisiana, do hereby certify that the above
and foregoing act of Incorporation Of the
! New Orleans Sugar Company, Inc, was this
| day duly recorded in my office in book ll9S,
4 folio =. New Orleans, April %, 1916.
EMILE J. LEONARD, by. r.
1 A true copy Of the original, with the ex-
| ception OF the names OF the subscribers
! thereto.
| u. :. Int. Rev.
} Stamp duly CAM
A. ". COOPER. Not Pub.
apr y may II 10 25 june
CHARTER
lOF THE LAND TRUST COMPANY, IN
CORPORATED.
State Of Louisiana, Parish OF Orleans, City OF
! New Orleans.
| BE il known, that on this eighth day of
| the month of May, in the year of our Lord,