The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-15
CHARTERS.

ton 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.
Article III-The objects and purposes for
which this corporation IS organized and the
nature OF the business to be carried on by
| it, are hereby declared TO 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
70 do any act, matter or thing whatever that
may be necessary, incidental, useful or ad-
visabe in the furtherance OF such objects
and purposes.
Article IV-The capital stock OF this cor
poration is fixed at the sum OF six thousand
dollars C$6,0oOOO, 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 S5O00O0
or thirty shares, shall be Common stock
The holders OF the Preferred stock shall be
entitled to receive, when and as declared
from the surplus or net profits OF the cor
port;ior, yearly dividends at the rate of six
lt,r) per cent per annum and no more.
The dividends the preferred stock shall
be cumulative, and shall be payable before
any dividend the common stock shall
! be paid Sc: apart; that if in any year
dividends amounting to SIX (oCC) per cent
shall have been paid thereon. the deficiency
shall be payable before any dividend shall
be 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-
v!ouS years. OF shall have set aside from
rs surplus or net profits sum sufficient for
the payment thereof, dividends on the COM
| mon stock, and payable then thereafter
ont 81 any remaining surplus or net profits,
may be declared.
In the event OF any Humiliation or dissoIu-
| non or winding up twhether voluntary in
voluntary OF the corporation, the holders OF
the preferred stock shall be entitled 10 be
| shares and the unpaid dividends accrued
,.aeISo1' oeiore any money snail be paid to
. ,IT no.ue'N 81 ,lg common STOCK; ana after
80 me "o.uT'L Oh tne preferred Stock
| o, i, par value and the unpaid accrued div.
he divided sri md 90 M Lo,ds-s s, an
common stock according 70 .te;r resnec,ive
shares.
All sL,-os -. s.,.,. -, !, r.,
~. >IdItH u soc" sAaL ne iuiI paid and
aux
me SAID stock shall be paid for. in cash
-. 'It same may ne issued at not less than
par. for labor done. or services rendered said
,o-ll,',iIn' o. property or rights actually
'a,H 'o' p'' a',""
W 20 'ENhaIuer SAaII nave the right TO
- - ltT,-oJ - u $50 ui'I ne shaIt
i;--.,- gu .ne S4ine 20 me poard OF
L,ya So, - s''Sn nI'h .S;ue' Wh3 shalI
'"lt HI'eeh GAYS "pion WITHIN which time
- GG ;I: sh.ne' 70 Tansief OF STOCK snail
- -. - ~" '"e corporation uh!ess MADE
ms oorPo-auon shall have the right 20
- 40, s'ocS 70 me further sum
n arv o.. ,La-ooF :. ~ I;;S ~ uoLldrs,
II $1,000 each. provided said inc-e i,, in t5s
,apital stock shall have been authorized NV
the stockholders AZ a meeting beId n,,~s,,,r.
to the provisions OF this charter
This corporation shall have and eniov the
right TO purchase shares OF stock in o,he-
corporations, partnerships or interests, as
ray be found necessary exendient ~ a
visabe "n
This co-no-,,;,, sL,u - -, -,
gong coUrpr, ',, ~ ft., 3soc ana become
its stock shall have bee So per oSnt Of
49,, ~ 49,,
Article N.-All the corporate p.wers OF this
cised Inv . 49, os I;, m ana eSer,
three stockhoIders a,d .3tnposeu on
Roatj Of D;recro-s' e5nIi . m.aJoIly OF me
for the transaction of al b,,s;,as. ruo'u y.
rectors shall he eIec,.J ,I,,,if re 81
bv the stockboIdars ~, ~ .t;lIy Ny py oa,lot
j., San,er,I aN''o os on me third Wednesday
The common s,ocLboIda-s .,o,o It'll -,
the voting power in ali cnTno-etn , fia.l nave
Each s.o.lho,ao- - e a"a,iS
vote , fo- e1 by person or by proxy; to one
Inv him ev arS snare am on common stock owned
Cd. nm s,;o, ana an elections shall be held
snsrifed s.. ~ ana regulations as may be
fifteen DAYS notice oor Of s 0I oiTeetGrs, after
baye ~, no'.ee OF such election shall
A. his Last -, 10 esSn OF the stockholders
duu,esS'
No failure to elect directors shall be re-
Az, a. " io'ie''ure OF ms CHARTER.
Any vacancy occurring on this board shall
ne hlied by the remaining directors for the
"ieNpireu term
Said board Of directors sba11 =, -. C..
meeting after its election. nominate out of
It's own number a president. and a secretary.
treasurer. The offices OF secretarv-treasure-
nav he separated and held bv separate in.
dividuals The office of secretary NAV he
hcrd by one not stockholder
The said board Of directors shall have the
right to appoint and dismiss such clerks and
managers and other employees of the como.
raton' as in its judgment may be deemed
necessary.
The tenure of Office of all the emplovees of
the corporation shall be during the nIee OF