The herald. [volume] (New Orleans, La.) 1905-1953, 1917-07-26
MONEY TO LOAN

A-..s.e II.-Th.s corporation shall be DO
@le..ei n The ti.y 81 New Orleans il the
sac OF L'a''.an4' 1"i al citations o. other
. .eSa. process shall e served upon the P-es..
teSt o. the corporation. and in he even: Of
. ms absence, upon the v.ce-pres.den..
. :A-::e.e III.-The objects and purposes for
"aigA ms cooperation : organized and ere
l'ed and the nature @: the business 10 be
earned on ~ II, are declared 70 be as i3l-
4 lows.
. - To acquire by purchase or otherwise
. and N turn 90 sell and transfer real estate
ana land Of any character; % build, con-
and % sell or otherwise dispose Of buildings,
machinery, and other apparatus t0- refining
sugar, tlreShsns "- polishing grains or Other
+ use preparing sugar and gains t3- market,
produced by this corporation Or by other
/ separation, Or persons. and % refine or man
utactu-e the 5y-p-9dlc's pt sugar cane. sugar
. Or gram, and % operate the said plant Or
factories and make. .he product, or ~
products to the.- best advantage
G1 To produce. harvest, buy and sell
/ sugar cane, grain and other agricultural pro-
. ducts; % manufacture, refine and generally
deal m such products 20 make mo.asses,
syrup and Al. by products OF sugar cane.
syrup, mo.aSSeS and grams, and tD- the pur-
pose aforesaid, 90 acquire by lease, purchase
/ Or otherwise, own and operate plantations,
" factories, d,scIl,e-.es and reICerles and other
/ works ard properties necessary therefor; %
/ engage IN agricultural operations OF all kinds,
anu A.s9 tlE Eta~4LS. Dlk4aS ana NC.44LS OF
. all form, OF 1--we stock; 20 own and operate
/ hotels. stores and warehouses and 70 do
. general merchandise business. 20 acquire and
I operate canning factories or factories TO- The
storing and packing Of any Of the products
or by-p-oducts manufactured or deal; IN by
. This corporation.
80 To acquire by purchase or otherwise,
hold own, pledge. sell and dispose OF stocks,
bonds. mortgage securities Or other evidences
u deb; Of any Individual, h-1, association,
or corporation, political or otherwise and
while the owner thereof. 20 exercise a..
rights, powers and privileges legally incident
. 20 ownership. including me right 20 vote
upon any shares Of the capita. stock 50
owned
~ To engage in The transportation Of
sugar sugar cane, MOI asses, syrup. grains
and other agricultural Prvdlcts and me by.
products thereof or OF any machinery or 1--we
stock produced by, teal- N, utilized by or
incidental to the corporations business, and
20 import and export the same N raw or
finished form. and for This purpose 20 acquire
BY sale or otherwise, % construct and oQc'-
ate water craft OF any character and also
such railways. tram ways d, may oc necrn-
sa-y 70 any business enterprise Of SAID com
pary together with all necessary rolling stock
and equipment necessary 20 the operation
thereof
50 To engage IN a genera! sugar, o. grain
Brokerage business.
business a. may be found necessary or CON
veu.en. for properly ettec-uatlug the a!o-e-
said purposes or enhancing the value OF the
properties. rights and privileges OF said cor
Article IV-The capital stock Of this COZ.
porltron IS hereby fixed At the sum OF ten
thousand $1,000 DO dollars. and shall be
divided into and represented by one hundred
; 900 shares o: the par value Of one hundred
$1,000 dollars each. SAID stock shall be
paid for IN cash or It's equivalent as pro
vIdei by law, and m such manner and az
such time, and N such Iusta.ImentS as may
: De prescribed by the board OF directors. ms
co-r5ratiou shall become going concern,
and shall be authorized 20 commence bust
ness A. soon as nye thousand ,S''I"O ao.,
lars u its capital stock shall. have been
pad for either IN cash or ITS equivalent, as
provided by law. and all OF SAID ten thou
s.uG lSl0OIpD dollars capital stock has n
fact been subscribed for.
Article V-The capital stock OF this cor.
. r3rat.o1 NAV be increased to the sum OF
, ,eyen-v-ive thousand lT5.GOUO dollars by
a two-thirds vote OF all the stock at spe'
cIal meeting called for that purpose, or at
/ A regular annual meeting Of the corporation.
. Article Vial certificates OF stock IS
sued by this company shall be signed by the
. president aud C0unteTsig1et by the wee
. president or II authorized by resolution, by
= The board Of directors, shall be signed by the
7 president and cOun;ers Ened by the secretary
, treasurer. The stock Of this co-Poratlo1 can
be transferred only on the books OF the cor,
. poratlou and subject 10 such regulation and
/ ;ornaIities a. may be by the board OF di-ec'
tors from time 10 time prescribed. No stock
{ holder shall be permitted 70 sell or other
: wise dispose Of his stock without hrSt oter
. ing the same IN writing to the other stock
' holders through the board Of directors a.
|. 4 price NOT exceeding the book value thereof
/ and said stockholders shall have an opt'oT
and first right 20 purchase a.! the sh4Tss o
s-orL n be thus disposed Of by sale, death
resignation NJ otherwise OF any Of the stock
holders, and shall have a period OF ten day
IN which 20 accept or decline said G1e'
Should the board OF directors or stockh0ldeT
. / decline TO purchase said stock, then th
stockholde- or stockholders who made IN
,Fe- To sell or otherwise dispose OF N
, stock may do 50 in any manner and al an.
price he or they may see NJ but each shaT
:, II stock IS issued herein upon the Condltio
{ and understanding that no stocNho.aer sla.
/ make a sale Or transfer OF ms stock IN '9
{ alton thereof. and such sale or transfer.
:, made shall be void and this company slaI
l. 5e under no obligation to list said stock o
? - books or to regard the holder OF the GET
n ;hcate thereof
: Article NII-The corporate powers OF IN
J; corporation shall he vested in and exercise
l. 5y a board OF directors composed OF thTe
} stockholders, two Of whom shall conSti'i'
= F., quorum for the transaction OF business
% The directors OF this corporation may Vot
: IN person or by proxy at any OF tAe nee
e rrvS Of the board OF directors, and the boar
= Il directors may delegate any OF rs i'weI
: % any officer Or oHlcers or any one. ,eP. %.
l. sentative OF the company by appropriate res
; ,lu,ron II that effect The hrst board 81 q
y -ec,o-s OF his corporation shah be compose
q 7 sam Israel. president. Leon Israel wee
5 president, and Karl VI. Gutman1. secretary
n rcasurer, Who shall serve until the seI cor
: wednesday in January, 1912 or until tlei
l. .r,C,rs.a-s are elected and qualified; tn
directors shall be elected annually by tn
= ,,1cL9o,ders AZ a meeting held on the seoo1
g Wednesday OF January in each year ate
late hereof. Notice Of SAID meeting sha" o
:, y.ve7 ten days prior 20 the da;e OF :,
{ meeting IN writing sent 20 each OF the s'ocS
{ FOLDERS n MS las: known place OF address
n "a IN srockhg,dcr shall A; such annual Eee'
! NJ OF other messing general or special b
( ,-.it'ed in person or by proxy 70 one vot
K or every share OF stock owned. The e'et
e IONS shall he held u1ie- such rules ard re.
:, ,'q,yo-s as NAV be from time % time deter
y mined by the board Of directors.
4 The directors when elected shall hold o.
>. ;-e Tor one year or until their successor
:, sail have been elected and qualified an
- allure 20 hold the annual meeting OF ssi
= -.7ckh,rde-s or 70 el-ct annually the dire
i o-s. shall not operate the forfeiture Of III
!, .har,er or any rights the-eu1de-.
q The first o1icers Of this corporation VII
: hall hold Office until the second Ned1esda
, I January. 1919. or until their successors a.
d ec;ed and qualified. shall be sam Israe
/ resident, Leon Israel, vice-p-eside1t an