The herald. [volume] (New Orleans, La.) 1905-1953, 1917-04-05

F "TORREL CEREAL COMPANY,
CORPORATED."

l
CORPORATED."
United States OF America, State OF LOUISIANA
Parish OF Orleans, City OF New Orleans.
Be il known, that on this day, the twenty
third OF the month of February, in the year
OF our Lord one thousand nine hundred and
seventeen, and Of the independence OF the
United States Of America, the one hundred
and forty first; before me, Busslere Kouen'
a notary public in and for the parish OF W.
leans, State Of Louisiana, duly commissioned
sworn and qualified. and in the presence
of the witnesses hereinafter named and un-
dersigned. personally came and appeared:
The persons whose names are hereunto sub.
scribed; all Of the full age OF majority ana
residents Of the city Of New Orleans; who
declared that, avaIllng themselves OF the
provisions OF the laws OF the State OF Lou
isiana relative to the organization OF cor
porations and more particularly OF Act NO
267 Of the General Assembly OF this State
approved July 9, 1914, they have covenanted
and agreed, and d. by these presents, COW
enant and agree, and bind themselves, to
form and constitute themselves, as well as
such persons may hereafter become asso:
ciated with them into a corporation ana
poses. and under the agreements and stiPu-
lations following, to-wit:
Article 1.-The name and style Of this
corporation shall be "Torrel Cereal Company,
Incorporated" and under that name it shall
have and enjoy all the rights, advantages
and privileges granted by law 20 corpora
tions; it shall exist for the period OF ninety,
have power to contract, sue and be sued IN
its corporate name; to make and use cor
porate seal and TO break and alter same al
pleasure; TO hold. receive, purchase, convey
lease mortgage, hypOthecate or pledge prop
erty. both real and personal; 10 sign and
issue bonds, notes and other Obligations or
negotiable instruments, TO have and employ
such managers, directors, officers, agents and
other employees as the interest and conve-
nience OF the said corporation may require
or demand and 10 dismiss them at pleasure;
10 make and establish such bylaws, rules
and regulations for the corporate manage
ment and control Of the affairs OF the corpo-
ration as may be deemed necessary and expe-
dent.
Article 1.-THE domicile Of the said cor.
noration shall be established in the city OF
New Orleans, Louisiana, and all citations
or other legal process shall be served on the
president; in his absence on the vlce-presi-
dent; and in the absence OF both upon the
secretary treasurer.
Article III.-The object and purposes for
which this corporation IS formed and the
nature OF the business to be carried on by
il. are hereby declared to be: The manutac-
,ure and sale of cereals, cereal foods, coffee
filters and compounds, chicory and artificial
chicory: roasting Of cofees, cereals, ETC.,
and 20 that end to use any necessary ma
chinery, tools, appliances, etc, and TO DO
any other business incidental TO, or needtul
in carving out the foregoing purposes.
Article IV.-The capital stock OF this cor,
poration is fixed az the sum OF tlve thousand
dollars tSo,UAuO), dlvded shlo MY ~
shares Of one hundred dollars each $1,000
EACH. All shares of stock shall be full paid
and non-assessable.
No transfer Of stock shall be binding
upon the corporation, unless, made upon us
books, and all certificates Of stock shall De
signed by such officers as may be designated
by the board Of directors.
This corporation shall have the right 10
increase its capital stock up 10 the further
sum Of twenty-five thousand dollars Cs25,Oool
TO be divided into shares OF one hundred
dollars each; provided said increase in the
capital stock shall have been authorized oy
the stockholders at a meeting 20 be heId
pursuant TO the provisions Of Article Sew
enth Of this charter.
ARTICLE V.-All the corporate powers
Of this corporation shall be vested an and
shall be exercised by board Of directors
composed OF four az stockholders A major
itv of the directors shall constitute quo
rum for the transaction OF all business.
ballot. by the stockholders at a meeting held
on the second Monday in March, beginning
with the year 1918 Each stakeholder shall
be entitled, in person or by proxy, 10 vote
for every share owned by him, and at all
elections a majority OF the votes cast snaii
be necessary 10 elect Said elections shall
be held under such rules and regulations as
may be determined by the board OF direc,
tors, after fifteen days notice by mail OF
such election shall have been sent TO each
stockholder at his last known address.
The directors thus elected shall continue
in office for one year Except the hTst board
hereafter mentioned) or until their success
sors shall have been duly elected and quail:
fed. No failure to elect shall be regarded
as a forfeiture Of this charter.
ANY vacancy occurring on said board shall
be filled BY The remaining directors for the
unexpired term; the said board shall like
wise elect al its first meeting, after its
election, out of its number president,
vice president and secretary-treasurer and
an assistant ACKNOWLEDGEMENT, who shall
also be manager Said board of directors
shall have the right to consolidate any two
Of the said Offices into one, or TO segregate
said Offices, as also the right to appoint
and dismiss such clerks, managers and other
employees of the corporation as conditions
NAV Justify or the business of the corpo:
ration may require. The tenure of ofhee OF
ali the employees of the corporation shall be
AZ the pleasure Of the board of directors.