The herald., 1917-10-25
Cement sidewalks and we'll surfaced
streets. Filled to grade; higher than
Carrollton Ave. Electric Hshfs. Over
SEVENTH five homes built already.
CHARTERS.

ton shall be III the city OF New Orleans,
State of Louisiana, and all citations ana
other legal processes shall be served On .le
president, or in his absence, on the sec
Article III.-The objects and purposes for
which this corporation Is organized ana the
nature of the business 10 be carried on by
il. are hereby declared TO be, as follows
To manufacture. buy, sell, import. export
and generally deal in all kinds, classes and
descriptions Of food products; and generally
to do any act, matter or thing whatever that
NAV be necessary, incidental, useful or ad-
visable in the furtherance OF such objects
and purposes.
Article IV.-The capital stock OF this cor;
poration is fixed at the sun. OF six thousand
dollars (S6ODOO, divided into sixty shares
OF the pa- value OF one hundred SlW.Oo)
dollars each.
OF said capital stock $4,000 or thirty
shares. shall be Preferred stock. and S5o0O
or thirty shares. shall be Common stock.
The holders Of the Preferred stock shall be
entitled 10 receive, when and as declared
from the surplus br net profits Of the cor
porltion, yearly dividends al the rate OF SIX
I6C,D per cent per annum and no more.
The dividends on the preferred stock shall
be cumulative, and shall be payable before
any dividend on the common stock snail
be paid or set apart: SO that If in any year
dv;drnds amounting 10 six (6cc) per cent
shall have been paid thereon, the deficiency
shall he 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-
vious ycafs, or shall have set aside from
its surplus or net prohts, sum suincient tor
the payment thereof, dividends on the COM
mon stock. and payable then or thereafter
ont OF any remaining surplus or net prohts.
may be declared.
In the event Of any liquidation or dissolu-
ZION or winding up Cwhether 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
pav,nen, TO the holders Of the preferred stock
4 OF its par value and the unpaid accrued div
! !iendS thereon. the remaining assets shall
/ be divided and paid 70 the holders Of the
! common stock according to their respective
| shares.
Al shares OF stock shall be full paid and
| 1on-assesSable
The said stock shall I've paid for in cash
or the same may be issued at not less thar
pl:, irr labor done. services rendered SAID
| corporation. o. property rights actually
! received by said corporation.
No stakeholder shall have the right tc
d.spose - his shares Of stock until he shall
have first offered the same 10 the board o.
directors al its then book value, who shall
have fifteen days option within which time
| - purchase same. No transfer OF stock shall
J be binding upon the corporation unless mad,
upon its books
This corporation shall have the right Il
increase its capital stock u the further sun
Of one hundred thousand tSlO0,OooG) dollars
or any part thereof, 70 be divided into share
Of $1,000 each, provided said increase in IN
capital stock shall have been authorized b,
the stockholders al a meeting held pursuan
| 10 the provisions of this charter.
This corporation shall have and enjoy tn
right 20 purchase shares of stock in othe
corporations, partnerships interests, a
may be found necessary, exepdent or at
T. visable.
This corporation shall be and become
going concern when fifty C0cC) per cent
its stock shall have been subscribed an
paid for.
Article N.-All the corporate powers of tn
y | corporation shall be vested in, and exc
. cised by, I board of directors composed
three stockholders, and a majority of II
: Board OF Directors shall constitute a quoru
A for the transaction OF all business The d
> rectors shall he elected annually BY ball
: by the stockholders on the third Wedne sda
! in September of each year.
The common stockholders alone shall ha,
III" voting power in all corporate affairs.
Each stakeholder of common stock sha
n be entitled, by person or by proxy, to OF
i vote Tor every share of common stock own
10 by him; and all elections shall be he
'e under such rules and regulations as NAV
r specified by the board of directors, aft
le fifteen days notice Of such election sha
have been sent TO each OF the stockholde
"a at his last known address.
No failure to elect directors shall be !
= garded as a forfeiture of this charter.
A~v vacancy occurring on this board sh:
- be flled by the remaining directors for I
uneXpired term.
D Said board of directors shall at its fiji
i: meeting after its election, nominate out
Vs. its own number a president, and 4 secretar
treasurer. The Offices of secretary-treasur
r'av be separated and held by separate
OF div'duals. The Office of secretary may
u held by one not stakeholder.
y, The said board of directors shall have {
es right TO appoint and dismiss such clerks a
I'D managers and other employees of the cor,
&C. ration. as in its judgment may be deem
or necessary.
IA; The tenure of office Of all the EMPLOYEES
~ the corporation shall be during the pleas,
70 OF the board of directors: any. director sh
- have the right to appoint in writing a
Va other director to act as his proxy and in
Of S,ead at any and all meetings of the bo
"a Of directors.
nd Article VI.-Leon Frank. whose pos. of
mt address is Third and Magazine streets. \
m Orleans. Louisiana; Julius C. Werner. VIII
lay post office address is OH Carrolton Aver
it'll New Orleans. louisiana: William He
in NtT- whose posi- ONCE address So14 I
der tania street. New Orleans. uisiana, s.
constitute the first board of directors of
or corooratior, with Leon Frank as presto
In. and William Henry Ker as secretary tr
lall urer TO serve until the third Wednesday
ges September, 1918, until their success
lra- sAalI nave been elected and qualified
Ety. Article VII-This art NJ ;,co-ro-,.;o
ave be changed, modified or altered or this
ITS poration may be dissolved. with the as
por- NJ stockholders owning twothirds of all
Ter stock Of the corporation, at a general II
rop- least fifteen 00 dave n-;ttao - -
mas meeting has been given personally or thr
IN the mail: addressed to each stockholder
ma his last known place of address In cas-
EN-. dissolution. by the expiration of this c
OF ter or otherwise, after compliance with
70 the stockholders shall elect two LIQUID,
an9 rom among their number to liuuidate
and settle the business and affairs Of the
as noration. The said liduidators shall