The herald., 1917-10-18
CHARTERS.

ton shall be in the city Of New Orlcan,
State of Louisiana. and all citation, an
other legal processes shall De served on III
president, OF IN his absence, on the sec
4 rotary.
I Article ITI-Thc object, and purposes T.
which tnis corporation j. organized and tn
nature OF the business 10 be carried on b,
II. are hereby declared 2, be, d, follow,
to-wIt:
To manufacture. buy. sell. import. expor
and generally deal IN all kinds. classes auc
descriptions Of food products: and generally
10 do any act, matter or thing whatever tina
may be necessary, Incidental. useful or ad
v>able IN the fur,herance OF such object:
and purposes.
Article IN.-Thc capital stock OF this cor
poration is fixed at the sum- Of six thousand
dollars (S6,OmcUJ. divided into sixty shares
OF the par value OF one hundred $4,000
dollars each
OF said capital stock. $4,000 or thirty
shares. shall be Preferred stock and $4,000
or thirty shares, shall be Common stock
The holders Of the Preferred stock shall be
entitled 10 receive. when and a declared
from the surplus or net profts OF the cor
p5rition. yearly dividends AZ the rate OF six
o. per cent per annum and no more.
The dividends on the preferred stock shall
be cumulative. and shall lie PAYABLE before
any dividend on the common stock shall
be paid or set apart; SO that if in any year
dividends amounting 10 SIX t6cCl per cent
shall have been paid thereon. the deficiency
shall be payable before any dividend shall
he paid upon or set apart for common stock
Whenever all cumulative dividends on the
preferred stock for all previous wears shall
have heen derIa-e1 ard tLa r,,,,,,,, 81
- - ~ S'a.eu' aIiu ING COMPANY sinai!
v,ouS years. or shall have set aside from
rs surplus or net profits. sum sufficient for
the payment thereof dividends on tho 90,
mon stock. and payable then or Thereafter
ont OF any remaining surplus or net profits.
may be declared
In the even, Of any ,io,,;d,,io, ~ d;s.,,,,
ton or winding IN Cwhe,hr- voI,,,,a-,,
voluntary Of the corporation, the holders Of
the preferred stock shall be entitled ~ he
paid IN full, both the par amount OF their
thereon. before anv r1orev sbaII >. a., ~ u
me holders 81 the compon stock; and after
psy,.e, 20 NE holders % the preferred stock
idendS thereon. the remaining assets shall
common stock according 10 aT ,5 noile[s OF the
a.
NJ >""'eS 81 STOCK sha! be full paid and
a''e'
ne sand stock shall be paid for in cash
par, for labor done. or services rendered snid
corporation, or property or rights actually
received by SAID corporation.
No stockholder shall have the right to
49, e. ~ sJdItN o. STOCK until he shall
di-ecto-s A. ;,s ,L me zane 10 me board OF
49, -. d IL thet. DOCK value, who shall
70 nurrb9se ia, Jay SPt'on within which time
10 f L;i sdlne' No transfer OF stock shall
-, .'' ~. upon the corporation unless made
r,
inns corporation shall have the right n
increase It's capital stock to the further sum
or anv nar, ,Sn-oas tSlUo;'noO) dollars,
Of 500 On each orn,,; a. De divided INTO shares
capital stock shall have been a,,tbor;, IA Inc
to the provisions 90 .bie lR ne'd pursuant
right TO purchase sb,-os ~ anu enjoy the
PARTNERSHIPS mr. ;nte-s..s o'ie.
may he found necessary. exend;a,, 80 a
visable VI "u
This co-norat;or sh,u J.
going cn,,ca-, - Sif.I ne ana become a
;,s 60 vJ'e,m when MY ''O%ol per cent of
paid for. '" Subscribed and
-, ,
cornor.,;,,' Al, me corporate powers of this
three stockbo I5srI o, directors composed of
Board Of Directors shall const;tn.e o., ale
for the Transaction ~ al L.: Huo' uiH
rectors shall he eIec,ed ,nIfS' Inc di-
by the stocLboIdars -. Oy ballot
in September of each ro,r e '"'rd wednesday
the voting nower in ali LION, alone Sha'l have
Each stoclho,5o- :. ""alrs.
De entitled by person. or by proxy, to one
by him. and ai ei %i common stock owned
inutf snch rules and regulations as may be
ifteen d, wy rne board OF directors, after
ave been sou, no' IL. OF such election shall
,f L;s oT zen. sem TO each OF the stockholders
LAST Nno"n address.
No failure to elect directors shall be re. |
''rued as forfeiture of this charter.
Any nv, vacancy, occurring on this board shall
'e hIied by the remaining directors for The
'neNpired term.
Said board of directors shall .. =.
Meeting after its election ' ma.r; al ITS hrst
IS own number president, and a secp U": oi
reasurer. The offices Of s.nr ,c a Secretary-
nay be separated and Ja1S SeGretary-treasurer
iyiduals. The office Of secrst, Svpara,e IN IN
eId by one not stockboIder ND! De
The said board Of directors st,,, ,,
ight to appoint and dismiss snc5 1', o, nave the
nanagerS and other employees 81 ,ted KS ana
alton, as in its Judgment -n,, VI .ne corpo,,
Necessary. may DC deemed
The tenure of office Of al the s,no,o,.
he cornoratior sbaii az the EMPLOYEES Of
8 ~ dt,on snalI be during the pleasure