The herald. [volume] (New Orleans, La.) 1905-1953, 1917-07-19
CHAR TSk
OF HONDURAS-LOCISIANA SUGAR
COMPANY, INC

State OF LOUISIANA laT!sA VI orleans, Nlt.
Be it know that on this 9Th day Of June
in the year 1917 before me Scott +. Beer
notary public in and for the Parish o
Orleans, State Of LOUISIANA, therein Te.id
ing duly sworn, comm, STONED aud qua!lhed
and in the presence oi the witnesses here
matter named and uuders! gncd; Personally
came and appeared: The peEsors hereinaite
subscribed who declared that awaiting them
selves OF the laws OF the State OF LOulSiAn.
relative 10 the organization OF corporations
in such cases made and provided, they con
stltute themselves, their successors and as
signs, a corporation under the stipulation!
herein set forth, which they hereby adopt Il:
their charter, tO-wlt:
Article 1.-The name OF this corporation
shall be Honduras Louisiana Sugar Iom
pany, Inc" under which corporate name q
shall have corporate existence and successor
for the term OF ninety nlne years from ant
after the date hereof. Il shall have power
to sue and be sued, 10 contract, purchase
lease, mortgage, pledge, ALLEVIATE and encua!,
Der real estate and personal property, and
generally TO exercise all power and author
ity connected with the purpose OF ITS organ
izatiOn or incidental thereto, and all the
power and authority conferred on corpora
tionS by the laws OF tins state.
Article 1.-The purposes Tor wA!cl inns
corporation is organized are to buy, Jesse,
and otherwise acquire. as well as TO sell ana
lease to others land Of all kinds; to plant
cultivate and grow sugar cane anu otAef
re6neries warehouses and other structures
required for its business; 70 operate sugar
mills and rehneries and all such other aCiLF-
tiles as may be necessary 10 prepare the
products OF its own fields and those OF others
Tor market; TO buy and sell sugar cane and
other agricultural products; to construct ana
operate railroads, Tamways, Telegraph ana
telephone lines and vessels Of all kinds ana
generally TO do all things necessary ana
proper and incident to the business OF the
corporation, and it shall have authority TO
carry on all or parts OF its business IN other
states territories and possessions OF the
United States, well as all foreign couh-
tries.
ton shall be in the city OF New orleans,
Louisiana. Citation of all legal process, and
other legal notices shall be served upon the
president OF this corporation, and IN ms
absence on the vice president.
Article IV.-The capital stock OF this cor,
poration is hereby fixed al the sum OF
twenty-f thousand tS25,OOO) dollars, dIVid-
ed into two hundred and fifty ESQ shares
of the par value of one hundred dollars
$500 each But the corporation shall De 2
going concern as soon as hlty per cent o.
the said capital has been subscribed ana
twenty-five per cent Of the said capital mas
The capital stock may be increased 10 not
exceeding ose million dollars CSl,Oo'"c) and
the increase of the capital stock may De oy
preferred stock or common stock, or partly
one and partly the other, and the terms OF
the preferred stock shall be hXed by the
board of directors which may be IN exist
ence at the time of the proposed increase
in the capital stock.
ton shall be vested in a board OF directors
composed Of not less than five stockholders;
and power and authority IS hereby vested IN
the said board of directors 10 increase the
number of directors to any number not ex-
ceeding nine ~; and the said board OF di-
rectors may fill vacancies in their number,
however caused, by election from among Inc
stockholders. -,..I
annually on the first Tuesday after the hrst
Monday in the month OF July, OF each year,
except the first board of directors which IS
provided in this charter
At the annual meeting held for the cleo
ton of directors, each share OF stock shalI
be entitled to one vote which may be cast
in person or by written proxy III
The failure to hold such meetings snalI
not terminate the corporation, but the oihcers
then in office shall hold over until their sue
cessors are elected and qualified.
The first board of directors shall consist
of: Samuel Zemurray, 49ll St, Charles
Street, New Orleans, La; Clark Lebersuth
Donaldsonville La; Ferdinand katz. Audi
don Place New Orleans. La; solomon Volt
1922 Alne Street. New Orlenas, La; Jacob
Lebermuth, Donaldsonville. Louisiana.
Each board of directors shall elect annu-
ally from their number a president vice
president, treasurer and secretary, and II
NAV combine the Office of treasurer with that
of the president, vice president or the sec
retary; and il may elect secretary who
need not be a director. stakeholder, but
such secretary cannot he treasurer.
The first ofioess shall be the following:
Samuel Zemurray, president; Clark LeOer-
muth, vice president; Ferdinand katz, sec
rotary and also treasurer, which said othceTs
shall hold their Offices until their successors
are elected and qualified.
Article VI-Not less than fifteen 00 days
notice shall be given for all regular stock
holders meetings. and not less than 1--WE
(S days notice for special meetings. The
board of directors shall hold regular and
SclRl meetings at such times and upon
no,ice to time which the board may
III notices Of meetings Of all kinds
be by written notice through the post
addressed to the respective stock
pholders at the address given to the secrc-
tary by each stakeholder, or the notice may
be delivered by messenger.
Article vII.-This act of Incorporation may
be changed, altered or amended, or this
corporation may be dissolved with the assent
of two.thirds of the stock present or repre-
scented at a meeting convened tor that pur'
pose.
Ar,;c,. yIII-No s,ockholder shall ever
be held liable or responsible for the CON
tracts or faults of the said corporation IN
any further sum than the unpaid balance
due on the shares of stock owned by him;
shall any mere luiOtndllNN III " ea'
tion have the effect of rendering this char
ter nall or Of exposing the stockholders TO
any liability beyond the amount OF has I'M
paid stock.
Article IX-Whenever this corporation IS
dissolved whether by limitation OF time or
by the determination OF the stockholders, It's
affairs shall be liquidated under the super
vision of two liquidators to be appointed Tor
that purpose at a general meeting OF the
stockholders convened after ten days, no.
tice At such meeting to consider the Iiqui-
dation of the corporation, the result shal DC
determined by the consent OF two-thirds OF
the stock present or represented at sueh
meeting. In case of the death or inability TO
act of one of the lquidators, the survivor
shall act alone.
Thus done and passed in my office, in the
City of New Orleans, on the day, month and
year first above written. in the presence OF
Messrs. f. NJ Robert and Jules r; Award
competent witnesses, residents OF New Ut /
cans, La. who have hereunto signed their |
James with the said appearers and me, no.
ary, after a due reading of the whole:
(Signed: Samuel Zemurray. 80 shares
n. Solomon Wolff, n. o., La; solomon
Wolff, QO ten shares, N O., La; Ferdi'
and Katz, (N) shares, n. o., La; Jacob
eberrnuth, by Adolph Katz, Donaldson
lille, La, 5000; Clark Lebermuth, by AdolPh
.a,z, Donaldsonville, La. 5000.