The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-22
CHARTER
OF CHARLES II. HOWARD IMPORT
l. L


United States OF America, State OF Louisiana.
Parish Of Orleans, City OF New Orleans.
Be it known, that On this 10Th day OF the
month OF January, 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, John 2. Sullivan, notary public,
duly courmi ssioned and qualified. in and for
this city, parish and state, therein residing,
and IN the presence OF the witnesses here
matter named and undersigned, personally
cam and appeared: The following persons
whose names are hereunto subscribed to-
gethe- with the amounts Of their respective
subscriptions TO the capital stock OF the cor
pOration to be formed who severally declare
thai availing themselves Of the provisions
of the general laws of the State OF Louisi-
ana relative 20 the organization of corpora
/ tons they have Covenanted and agreed and
do. by these presents, covenant and agree,
and bind and obligate themselves, as well as
such other persons as may hereafter become
associated with them, or their successors, TO
form. and constitute themselves into cor
poration and body polite, and for the OBJ.
jects and purposes and under agreements and
stipulatiOns following, tO-wIt:
Article 1.-The name and title OF this cor
poratiOn shall be Charles II. Howard I'm.
/ port Company. Inc" and by that name said
corporation shall have power and authority
/ 10 have and enjoy succession for the full
/ term OF ninety-nine years from the date
I hereof; TO contract; sue and be sued; TO
make and use corporate seal; TO purchase,
.
/ property, real, personal or mixed.
Article 1.-THE domicile Of the said cor
poration shall be in the city of New Orleans.
State of Louisiana, and all citations and
! other legal process shall be served upon the
/ president OF said corporation, and in the
case of his absence, upon the vice-president,
and in the case Of the absence of both OF
these officers, upon the secretary-treasurer
! thereof.
Article III-The objects and purposes for
which this corporation is established, and
/ the nature OF the business to be carried on
/ by il are declared to be as follows: To pur-
chase, sell and conduct general wholesale
coffee, rice and general merchandise busi-
ness.
Article IV.-The capital stock of this cor
poration shall be twenty-five thousand dollars
/ S25,OO0.00. divided into two hundred and
fifty (250) shares OF the par value of one
hundred dollars $4,000 each, payable when
vices rendered or actually performed as
decided by the board of directors. Each
share of stock shall be entitled to one vote
at all general elections. The company shall
have the right 10 increase its capital stock
to one hundred thousand dollars $4,000.
Article V.-No stockholder shall ever be
held liable or responsible for the indebted
ness, faults, or defaults of this corporation
ganization OF the corporation have any effec
of rendering the charter null or of exposing
the stockholders to any liability beyond thu
unpaid balance, il any, Of his stock subscrip
ton.
|, Should any stakeholder desire to sell hi
stock, ne shall first offer the same to tn
stockholders of the company. through IT
board of directors, and the stockholders VIII
desire 10 purchase shall have the right I
purchase the same, in proportion TO thei
holdings of stock in the company. Shout
, said stockholders IN seventy-two hours afte
! notice having been given, fail or refuse
purchase the stock offered for sale. sue
l stock may be sold to any one.
5 No transfer of stock shall be made or hel
L IL.
books of the company, and unless made
pursuance of the provisions of this charte
: Article VI.-The business of this corpors
ton shall be directed by and vested in
: holders, and they shall hold Office until tn
T first Tuesday in January, 1919, ar4 thu
day elections shall be held annually for d
r rectors at the office of the corporation. Fai
:. ure to hold an election the day specific
/; shall not dissolve the corporation. but the d
(; rectors in Office shall hold their respectiv
, offices until an election shall be held aftt
: ten days notice of the time and place there
d of given to each stockholder. The annu;
/; election shall be held on the first Tuesday
:, January, 1919, and thereafter the fr:
Tuesday of January of each succeeding yea
and the directors shall be chosen by ballo
y and the election shall be held between tn
hours of p. m. and 4 p. All vacancie
on the board Of directors for whatever csus
, shall be filled by the remaining director
! Charles H. Howard shall be the first pre-
+ vice president, and P. L. Keaghey shall
$ the first secretary-treasurer, and they sha
5 hold Office until the first Tuesday. of Jar
uary, 1919, and each succeeding board.
directors thereafter shall elect its princip;
5 officers for the term of their election, an
only stockholders shall be eligible for ele'
/. tion as a member of the board of directors.
! Article VII.-Whenever this corporation
z dissolved. either by limitation or otherwis
T its affairs shall be liquidated by the boar
I of directors, who are hereby vested with fu
= power to sell any and all assets Of the CO
poration. either separately or in mass, an
to convey full and complete title theret
c and shall have power to do and perform a
acts necessary and proper to fully and con
q pletely liquidate the affairs and distribu
c the proceeds, if any. among the stockholde
8 of the said corporation to the amount of stoc
held by each.
o Article VIII-This act of incorporate
l. may be amended, altered or modified, or tn
e corporation dissolved by a vote Of tire
( fourths of the shares of the total amount
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