The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-27
CHARTERS.

porations. 1t may name, appoint and employ
| such managers, directors, officers, agents and
other employees as its business and conve-
nience may require. and may FIX their COM
| character, and value of their services. 1t
| may make and establish bylaws, rules and
| regulations not inconsistent with this char
| ter or any existing law, fixing altering
| the management OF its property, the regula-
| ton and government of its affairs, and the
| manner of the certhcation and registration
| OF its stock. 1t may wind up and dissolve
itself or be wound up and dissolved in the
manner prescribed by law. 1t may conduct
business in this State, other States, the Fed
eral District, the Territories and possessions
OF the United States, and any foreign coun-
try. 1t shall have the power TO invest its
Board of Directors with all of its corporate
powers, subject to such restrictions as may
be named in this charter. And it generally
shall possess all the powers, rights, privi-
leges and immunities which corporatious are
and may hereafter be authorized to possess
under the Constitution and laws Of this
State, and particularly under Act No. 267
OF the Acts OF the General Assembly of the
State OF Louisiana for the year 1914
Article 1.-The domicle of this corpora
| ton shall be at the City of New Orleans,
Parish of Orleans, State Of Louisiana, and
all citations or other legal process shall be
served upon the President of this corpora
ton, or in case Of his absence, upon the
Vice President, in the absence Of both of
these officers, upon the Secretary of this
corporation.
Article III-rhe objects and purposes for
which this corporation is formed and the
nature of the business TO be carried on nv
II are hereby declared to be:
Section /. To manufacture, produce adapt
ouy, sell, import, export, and generally deal
and trade, either at wholesale or retail, in
real and personal property of every kind and
description, and particularly all vegetables
and other products, compounds and deriva-
lions carrying high percentages of sugars,
starches and oils, including rehners wastes
and by-products and manufacture therefrom
denatured alcohol and other SPIRITS and oils,
together with foods fertilizers and other by
products incident to and arising from such
manufacture, and by-products and any and
all ingredients, products and compounds of
any OF the foregoing substances, and any
ana all machinery, materials and articles
that may be now hereafter used or re-
CURED in or in connection with the manu-
facture or handling thereof
Seetion 2. To store, transport and sell all
and any OF the said products above specified
and tor the convenient conduct of the same,
to maintain such central and branch offices
as may be found necessary and desirable
Section $40 apply for, purchase or other
wise acquire and use, operate, sell, assign
transfer and otherwise dispose Of processes
formulas patents, licenses and other rights
IN any and all inventions or improvements
whether secured or not, under letters patent
domestic foreign.
Section 4. To survey, subdivide, and plat
lands for the purpose of lease or sale, and
to improve and develop the same by the
erection of houses or buildings thereon and
to do such other lawful acts as NAV be need
ful or desirable in and about the improve
ment and development thereof for any pur-
pose; to plan, grow and cultivate all kinds
OF fruits, plants and vegetables; to raise
buy, sell and deal in horses mules, cattle
live stock and poultry of all kinds and
generally to engage in the business of a
Section 5. To carry on all allied and asso.
Grated lines of business which NAV be d.
rectly connected with or may further and
assist the conduct of its main business as
above specified.
Section g. To construct, purchase. lease
or otherwise acquire and own, maintain and
operate, steamboats,, sailing vessels, barges
ana other water craft, piers, docks, wharves
and such lines of tramway or railway as
may be convenient Necessary or incidental
to any business enterprise of the corpo-
ration, with all necessary side-tracks, loco
nlotiVes, cars, depots, round houses and other
equipment necessary to the operation of said
vessels, piers, docks, wharves, tramways or
railways and the traffic thereon; provided
tnat TINS corporation shall not, without an
amendment OF this charter, be a common
carrier or have the right to exercise the
power of eminent domain.
section ]. 10 enter into, make, perform
and carry out contracts of every kind not
contrary to law, with any person, firm assoc
Grafton or corporation, and to carry on any
other business which under the law it NAV
De emitted TO carry on, which NAV seem
10 the corporation to be calculated, directly
or indirectly, to effect the aforesaid objects
or either of them, or to facilitate il in the
transaction of its aforesaid business or bus.
lnesses or any part thereof, or in the trans.
action OF any other lawful business that
may be calculated, directly or indirectly. TO
enhance the value of or to render pro6fable
any OF the corporations property and rights |
and generally to hold and exercise all such
incidental powers and privileges as relate
and
forth or as may be necessary useful or |
convenient for effecting said objects and
purposes.
Article V.-The authorized capital stock Of
this corporation is hereby declared to be the |
sum OF One Hundred Thousand (slOOOOO O0) |
dollars, which capital stock may be increased
In the manner provided by law, to the sum
OF FIVE Hundred Thousand (s5OO,0OOOO Dol |
lars. Inc presently authorized capital of this |
corporation shall De represented by one thou |
sand (lOOO) shares of the par value of one hun. |
bred $4,000 dollars each. The said capital |
STOCK shall be represented by certificates and |
shail be personal property. No transfer of |
SAID capital stock shall be binding upon this |
corporation unless made in accordance with |
ITS charter and bylaws and recorded on the |
books thereof
Article V.-The capital stock of this cor. |
poration shall be fully paid and non-assess- |
aole when issued, and shall be issued only
Tor labor done or services rendered or for |
property actually received or for cash to be |
AFTER such notice as may be determined by |
the Board of Directors
Article Vl.-All the powers of this corpo- |
ration shall be vested in and exercised by |
Board OF not more than seven C) and not
less than 90 directors, each of whom shall |
mold, IN his own name, at least one ~ !
snare OF stock. Said Board of Directors shall |
De elected annually the Second Tuesday |
IN January of each year, the first election |
10 oe held IN the year 1919. All such cleo |
tons shall be by ballot, at the Office of the |
corporation, under the supervision of two
" commissioners, to be appointed by the
Board OF Directors, and in the absence of |
any commissioner, the President shall have
power to NIL the place by appointment, and |
OF all such elections, as well as of all meet
ings OF stockholders, except for the purpose /
OF INCUBATION or dissolution, or as otherwise
required by law, ten C0) days notice shall |
De given by mailing to each stakeholder who
appears as such on the books of the corpo-
ration, at his last designated address. or at
the general delivery at New Orleans, If he
mas not designated an address, an announce
ment stating the time and place of the meet
ing. Each shareholder shall be entitled TO |
one vote for each share of stock standing in
ms name on the books of the company. TO
De cast in person or by proxy, and a ma
Jority OF the vote shall elect The Board
OF Directors shall have power to fill all va.
az