The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-01
Cement sidewalks and well surfaced
streets. Filled TO grade; higher than
CarroIifon Ave Electric lights. Over
seventy-ive homes built already.
CHARTERS.


lion shall be in the city Of New Orleans,
( State OF Louisiana, and all citations and
other legal processes shall be served on the
president, or in his absence, on the sec
rotary.
which this corporation j. organized and the
nature OF the business to be carried on by
it, are hereby declared 20 be, as follows,
tO-wIt:
To manufacture. buy, sell. import. export
and generally deal in all kinds, classes and
descriptions OF food products; and generally
20 do any act matter or thing whatever that
| may be necessary, Incidental, useful or ad-
vIsab!e IN the furthcranCe OF such objects
and purposes.
Article IV.-The capital stock Of this cor
poration is fixed az the sum- of SIX thousand
dollars ($6,0D00), divided into sixty shares
Of The par value Of hundred $1,000
dollars each.
OF said capital stock, 100000 or thirty
shares. shall be Preferred stock, and $5O00C0
or thirty shares. shall be Common stock
The holders Of the Preferred stock shall be
entitled 20 receive, when and a declared
from the surplus or net profits OF the cor
parAtIOn, yearly dividends II the rate OF SIX
| totgD per cent per aunum and no more.
The dividends the preferred stock shall
be cumulative, and shall he payable before
any dividend on the common stock shall
be paid or set apart; 50 that II in any year
/ dividends amounting 70 SIX (6cI) 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 years shall
have been declared. and the company shall
have paid such cumulative dividends for pre-
yious years, or shall have set aside from
its surplus or net profits. a sum sufficient Tor
the payment thereof, dividends on the COM
mon stock, and payable then or thereafter
ont 81 any remaining surplus or net proits,
may be declared.
In the event of any liquidation or dissolu-
/ ton or winding up (Shethcr voluntary or in
voluntary OF the corporation, the holders OF
the preferred stock shall be entitled 10 be
paid in full, both the par amount OF their
shares and the unpaid dividends accrued
/ thereon. before any money shall be paid to
The holders OF the common stock: and after
payment - the holders Of the preferred stock
i rs par value and the unpaid accrued div
dendS thereon, the remaining assets shall
( re divided and paid to the holders of the
'ommon stock according to their respective
shares.
All shares Of stock shall be full paid and
lon-aSSeSsable
The said stock shall be paid for in cash
the same may be issued at not less thar
ar, for labor done, or services rendered said
corporation, or property or rights actually
eceived by said corporation.
No stockholder shall have the right to
tSpose of his shares Of stock until he sha%
ave first offered the same to the board Of
Hrectors at its then book value, who shall
ave htteen days option within which time
, purchase same. No transfer OF stock shall
binding upon the corporation unless made
pom its books.
This corporation shall have the right 70
Increase its capital stock 70 the further s,,
one hundred thousand (SloOOOOC) dollars,
: any part thereof, TO be divided into shares
$1,000 each, provided said increase in the
7pital stock shall have been authorized nv
ne stockholders at a meeting held pursuan,
the provisions of this charter.
This corporation shall have and enjoy the
light TO purchase shares of stock in Other
|. operations, partnerships or interests as
visable u du
This corporation shall be and become =
going concern when fifty (5Oc,D per cent OF
paid for. anu
Article V.-All the corporate powers of this
corporation shall be vested in, and exer.
| clsed by. board of directors composed Of
,hrec stockholders, and a majority OF the
hoaij OF Directors shall constitute = Quorum
Tor the transaction of all business The di-
rectors shall be elected annually nv ba,Io,
by the stockholders on the third "wednesday
| IN September of each wear.
The common stockholders alone shall b,vs
inc voting power in all corporate affairs.
Zach stakeholder of common stock sb,rI
De entitled. by person or by proxy, 70 ore
Eo'e Tor every share of common stock owned
under such rules and regulations as NAV he
seecihed by the board of directors. after
'i'een days notice of such election shall
nave been sent 10 each of the Stockholders
! at his last known address
No failure to elect directors shall be re.
garded as forfeiture of this charter.
ANY vacancy occurring on this board shall
uneXpired term. '''e
Said board Of directors shall at its frs.
meeting after its election. nominate ont Of
| MS own number a president. and A secreta-y.
! treasurer The Offices of OBSERVATION-DISCLOSURES
I nay De separated and held by separate in
lv,dnaIS' The office OF secretary NAV he
hc "a by one not stakeholder
he said board Of directors shall have tbe
rlght 10 appoint and dismiss such clerks and
-..:IdRer' ana other employees Of the co-uo-
necessary. W ueelieu
The tenure of office of all the EMPLOYEES AZ
the corporation shall be during the nleasuTe
OF the board Of directors: any direc,or sb.Ii
| nave the right to appoint in writing anv
o.ne5 director to act as his proxy and in his
| Of directors VI 'ne ooard
Article VI.-Leon Frank. whose nost oacs
ADDRESS IS Third and Magazine streets. Neu
| prIeans: Louisiana; Julius C. Werner. who's
Tst once address is OF Carrollton Avenue
TeW 0rIeans' Louisiana: William Henry
ANA street New Orleans. Louisiana. shat
| constitute the first board of directors of tbi
ooIpoT wl,1' with Leon Frank as presiden
ana William Henry Ker as secretarv.treas
9rer to serve until the third "Wednesday q
September, 1913 or until their s,Iccessop
ShaIi nave been elected and qualified
Article EI1.-This act of Incorporation ma,
De changed, modified or altered or This CO..
p9ration may be dissolved, with the assen
.! Stockhoiders owning two-thirds of all m
sock OF the corporation. at general meet
least fifteen (l0 davs' written notice of 81;
meeting has been given personally or throug'
NE ,mali; addressed TO each stockholder, a
Iis Iast known place of address In case o
Yer or otherwise, after compliance with law
me me stockholders shall elect two liuuidatsr
ron among their number to lquidate AM
setue the business and affairs OF the co-
poraton. The said liuuidators shall b.,