The herald., 1917-10-25
CHARTERS.

10 -cqulrc and 10 usanuiactuTc tand f-hht
chemicals, uleta.s, alloys, oI.S, dye suns aid
all kinds gt chemical products. and IN order
10 accomplish The SAID purposes or any OF
.hem Il shall have power and authority 20
establish branches II the Stale OF LOUISIANA
" e.seW here, and 10 engage IN any business
Complementary OT incidental 70 rs primary
purposes, Il shall have the power - sue and
ne sued IN It's corporate name; 10 make and
use a corporate seal and the same 10 break
lr dl:cr al pleasure, % acquire ~ purchase,
lease or o;herW se, and 70 receive. hold, I'M
prove, use and operate, and - sell, lease or
otherwise ALLEVIATE OF cucumber both re2. and
persona. property; 10 incur debt and issue
ev deuCc thereof and secure the PaymeI; OF
same. to issue bonds and secure the same
any legal manner; TO elect, appoint and
employ such officers, agents and employees as
the interest OF convenience OF the corpora
ZION may require and 10 dismiss or discharge
The same when deemed exped;ent; 10 make,
amend and repeal such by laws, rules and
regulations as may be deemed proper Tor the
management OF the business and affairs Of
;hIS corporation, and in general, to DO any
act or thing not contrary TO law which may
be necessary and proper TO the conduct OF
ITS business.
Ar.icle IV.-The capital stock Of this cor
p1ra:.on is hereby liked a. thirty thousand
dollars. divided into three hundred shares OF
the par value Of one hundred dollars each,
! # which said stock fifty $50 shares shall he
| preferred stock and Two hundred and hity
| '25ll shares shall be cmomon stock. All
!
| accessible, and no certificate shall 'e .->9ed
| for stock until sang has been paid t1r IN tu.l
/ n money, property or other thing OF value
/ No transfer Of stock shall be binding upon
! this corporation until made It's books, and
| he Board Of Directors may TX time, not
/ exceeding two weeks prior 10 any dividend
| period during which no transfers Of stock
! shall be made Certificates Of stock shall
| ne signed By the President and Secretary
| " such other officers as may be designated
| by the Board OF Directors. Preferential DIV
| iieuds shall Ne paid on the said preferred
! stock at the rate Of eight per cent per an
| On the ms; day Of January, April, !u.y and
| October in each calendar year. and any div
| .dend payment omitted or. passed either n
| whole or m part shall subsequently be paid
| ceive any dividend, but the dividends on
| The preferred stock shall be limited abs2-
| lutely TO eight per cent per annum regard
| .c-S OF what the net earnings ~ the corpo-
ration may be, and the preferred stock shall
| have no voting power Or privilege n any
| case whatever. The Board OF Directors may
| retire the preferred stock al any quarterly
| iividenpd period by giving the holder thereof
written notice ten days previously at his
| last known post office address and by paying
| - the holder thereof the full par value there
| Il plus bonus Of FIVE dollars per share and
| by paying the dividends thereon in full up
70 the date Of retirement, including any
| dividends passed in whole or in part. In
| he event of the dissolution ~ liquidation
! Of this corporation for any cause or IN any
| manner the preferred stock then outstanding
together with any unpaid or accumulated
| dividends thereon shall first be paid in full
| and by preference out OF the monies or
| assets Of the corporation before any distribu-
| ton shall he made TO the common stock,
| but the preferred stock shall not particlp pate
| further in the distribution OF money or as
| sets. Subject TO proper payment in full OF
| all dividends up TO that time on the pre-
ferred stock, the Board of Directors shall
declare ont Of net profits properly applicable
| thereto a dividend on the common stock on
| each quarterly dividend period above men
| toned, or oftener if the Surplus earnings be
| sufficient TO authorize such payment pro-
| vided that the Board OF Directors shall have
| the authority TO set aside portions OF the net
| earnings for the establishment OF separate
| funds for amortization, extensions ard such
| proper purposes and in such proper amounts
| as shall be 10 the best interest Of the
| corporation. At all meetings OF the stock.
| holders OF this coropration each holder OF
| common stock shall be entitled 20 cast one
| vote for each share OF common stock standing
in his name the books OF the corporation
and may vote by proxy. Except other
wise provided by law, subscriptions to the
capital stock of this corporation shall bt
paid az such times and in such instalment'
as the Board OF Directors may direct. Pre-
| ferred stock which has been retired may bt
| again re-issued but never for less than it
| par value The capital stock of this cor
| poration may be increased in the name
. provided by law 10 an amount not exceeding
| total of FIVE hundred thousand dollars.
Article N.-Except as otherwise provided
| by law or by this charter. all corporate pow
ers Of this corporation shall be vested in an
exercised by a Board OF Directors compose'
| Of not less than three nor more than sevei
stockholders who shall be elected by ma
, | jority vote of the common stockholders a
the general or annual meeting which shall
. be held on the fourth day of January o
! each year or If that date fall on dies no
| .ka, tha As10 lPu1
, which meeting each stockholder shall be en-
titled TO cast one vote either IN person o
! by proxy for each share of common stoc
standing in his name on the books of III
corporation, and a majority Of the votes cas-
shall determine all elections or questions
The directors shall in all cases hold offc
until their successors have been duly electe
and qualified, and failure TO elect director
. shall not dissolve this corporation. An
vacancy in the Board of Directors shall b
! filled by the remaining directors by electlo
for the unexpired term
Notice Of said annual meeting OF stock
holders shall be given by mail 10 each stock
holder al his last known postofice address
' not less than ten nor more than ten day
prior to the date of the meeting II les
{ number than the maximum be elected IN
Board Of Directors may elect others, nc
. exceeding the maximum number, for the ur
+, expired term. The said board shall, amt
ally, al their first meeting after election
elect one of their number as President, on
|
E as Treasurer, provided that the Offices .
A Secretary and Treasurer may both be hel
? by the same person. Any director Office
| shall have the right to appoint by write
q | instrument another director to act h
: | proxy, at any and all meetings Of the dire
A tors.
!. Article Vino stakeholder shall ever
A held liable or responsible for the contract
q faults or debts Of said corporation, sha
II any mere informalty in organization haS
n the effect of rendering this charter null
| of exposing any stockholder TO any liabilii
J., beyond the unpaid balance due on the shart
:. of stock owned by him.
: Article Vl1.-This act of Incorporation ma
"a be changed, modified or altered. this co
E. poration may be dissolved with the asse
!, of two-thirds Of all the outstanding commC
stock of the corporation at a general meetii
~ convened for that purpose after notice Civ,
~ in the same manner as above provided I
:, | the annual meetings In case the dissol
tion of the corporation be determined, q
w stockholders shall at the same or an a
,. journed meeting, elect by majority vol
y | three of their number to liqudatc and set
= | the business and affairs of the corporate
"A In case Of the death, disability or resign
ton Of any one or two of said commissions
or lipudators the survivor or survivors shi
4 | appoint his or their successor or successc
The said liquidators shall remain in off
C until the business and affairs Of the corr
nj ration are fully and finally settled and hq
.. dated; they shall have full power TO me
~ and act under the bylaws of the corpo'
v ton and such rules shall be establish
nv by a majority Of their number; 90 FIX {
price and terms Of sale of the property a
all assets Of the corporation, to collect de-
due TO il and take and collect notes, bon