The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-08
ACT OF INCORPORATION
OF THE 'SAN-I-RAkER' CORPORATE
INLAE nlR ATED

INCORPORATED.
United States of America. State Of Louis
ana. Parish Of Orleans, CITY OF Ne"
Be !, known. tina, on this the twentieth
iay u the month Of January, IN the wear Of
1-r Lord one thousand nine hundred and
seventeen Eyi7D. and Of the Independence Of
he United States ~ America, the one hun
bred and iortv-hrSt, before ne, Joseph Sinai.
notary public. duly C1wm,-- stoned and
sworn, ~ and ior the parish Of Orleans,
state 4 Louisiana. and therein residing
Personally came and appeared the persons
whose names are he-cuut1 subscribed. who
declared that ayallIug themselves % the
r- Va .r-S Of The laws Of tins state relative
80 organization Il corporations. and more
particularly . Act 7h7 Of the General A.
-enblv Of this STATE. approved July oh.
.tll. they have covcrantcd and agreed, and
10. by these presents. covenant and agree,
! bind. form and constitute themselves. as
well such persons who may hereafter join,
n~ beCous associated with them, into a cor
o3-ation and body b0l',Ic in law, for the OBJ
| lccts and purposes and under the agreements
and stipulati0ns following. ;o-wit:
| Article The name and style Of this cor
! oo-ation shall be The 'San-l -Baker. Cor
| oo-a,ion, Incorporated" and under that name
| :: shall have and enjoy all the rights. ad-
| vantagcS and privileges granted by law -
| corporations: Il shall exist FOR the period
| Il rinety-nIne ga years from this date; i
| shall have The power - contract, sue and
! 2e sued III It's corporate name; TO make and
| use 4 corporate seal, ard the same 10 break,
| " alter at pleasure; to hold. receive, pur-
| chase. convey, mortgage. hvpothccate or
pledge property. both real and personal; t.
| rssuc bonds notes and other obligations or
| negotiable instruments: 10 have and employ
| such managers, directors, officers, agents and
| 1.her employees as the interest and COnve-
| 1iencc Of said corporation may require, or
| demand; 20 make and establish such by
| Avs, rules and regulations for the corporate
| management and control Of the affairs Of the
| corporation as may be deemed necessary and
| expedient
Article 1.-THE domic;le Of this corpora
| ton shall be in the city Of New Orleans:
| State OF Louisiana, and all citations and
| other lega! processes shall be served on the
president, or. in his absence. on the vice
| president, and, in the absence OF both, on
| The secretary.
Article IU.-The objects and purposes for
| which this corporation IS established, and
the nature Of the business TO be. carried or
by it, are declared to be as follows:
The importing and exporting OF cofees
| eas, chicorics, spices, herbs, oils, chemicals
and all products and materials incident {
the manufacture OF favOring extracts; the
importing and exporting OF groceries and
| C1pcers' suudries; the roasting. blending
mixing, packing and general trading in th'
products above named; the importing, ex
porting, jobbing and retailing OF genera
merchandise; the buying. selling and trad
ing in of materials and machinery neces
Sary for the manufacture OF containers suit
! able to the wants of this corporation suci
|
md other applied materials; the trading il
Il materials and presses necessary TO tn
: creating and printing Of necessary form
and photographic work.
And. generally 70 do every act. matter o
hing whatever, that may be necessary, in
-idental, useful or advisable in the fur
S herance Of said objects and purposes.
! Article IV.-The capital stock OF this COT
. thousand 3as.T Csi66.0o6oO) dollars, divided int
= one thousand Q,OO0 shares, OF the par valu
A 4 one hundred (SlGOOO dollars each A
!, shares Of stock shall be full paid and nor
| assessable.
+ Said stock shall be paid for in cash, or III
:, same may he issued, at not less than pa
" for labor done or for services rendered
: he said corporation, or property or rgh
: actually received by sid corporation.
s No stakeholder shall have the right TO d
II pose of his shares of stock until he sha
5, have first offered the same to the board
e directors at its then book value, who sha
y have fifteen 05) days option within, whit
e to purchase same. No transfer of stock sha
5c binding upon the corporation unless mat
e upon its books
d This corporation snail have the right
Il increase its capital stock up TO the turth
IS sum Of FIVE hundred thousand (S50O.0O00
&c dollars. or any part thereof, TO be divid,
INFO shares Of one hundred $4,000 dolla
" each. provided said increase in the capt.
y, stock shall have been authorized by 4
of stockholders at a meeting held pursuant
|
* This corporation shall have and enjoy .
IF right 10 purchase shares Of stock in 9th
m corporations, partnerships or other interes
,e as may be found necessary, exPedient al
IN advisable.
This corporation shall be and become
>. going concern when fifty per cent (50G
4 Of its stock shall nave been subscribed al
"A paid for.
- Article V-All the corporate powers Of h
n corporation shall be vested in, and exercis
~ by. a board Of directors composed OF not le
~ than FIVE 81 and not more than nine
rr stockholders, and a majority Of the dire
al tors shall constitute a quorum for the tTar
IA action Of all business.
as The board Of directors herein named sh;
~ have the the power and authority TO augme
90 its number by any addition up 10 the ma
> imum number Of nine members.
q, The directors shall be elected annually.
~ ballot BY the Stockholders on the hrst Mo
- dav in January of each year.
~ Each stockholder shall be entitled. in p
- son or by proxy, to one vote for every sh.
owned by him, ard all elections shall
ay held under such rules and regulations as n
", be specified BY the board Of directors az
OF fifteen O5 days notice Of such election sh
or have been sent TO each stakeholder at
al last known address.
No failure 10 elect directors shall be
be parded as a forfeiture OF this charter
IT'S Anv vacancy occurring on such board ST
Ter be filled by the remaining directors for
he unexpired term.