The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-22
ACT OF INCARCERATION

y
INCORPORATED.
United States Of America, State of Louis-
ana, Parish OF Orleans, City OF New
Orleans.
Be il known. that on this the twentieth
day OF the month OF January, in the year OF
our Lord one, thousand nine hundred and
seventeen Q9l,), and OF the independence OF
the United States of America, the one hun
notary public. duly commissioned and
sworn, in and for the parish of Orleans,
state of Louisiana, and therein residing.
Personally came and appeared the persons
declared that availing themselves of the
provisions OF the laws Of this state relative
20 organizatio of corporations, and more
particularly to Act 267 of the General As
sembly of this Sta.e, approved July 9th.
1914 they have covenanted and agreed, and
do, by these presents, covenant and agree,
bind, form and constitute themselves, as
yell as such persons who may hereafter join,
or become associated with them, into cor
poration and body polite in law, for the OBJ
jects and purposes and under the agreements
and stipuations following. to-wit
Article 1.-The name and style of this cor
poration shall be The 'San-l- Baker Cor
poration, Incorporated" and under that name
II shall have and enjoy all the rights, ad-
vantages and privileges granted by law 20
corporations; it shall exist for the period
of nnety-nine (oo) years from this date; it
shall have the power TO contract. sue and
be sued IN its corporate name; 20 make and
use a corporate seal, ana the same 10 Dredk,
or alter at pleasure; to hold, receive. pur-
chase, convey, mortgage, hypOthecate or
pledge property, both real and personal; 20
issue bonds. notes and other obligations or
such managers. directors, officers, agents and
other employees as the interest and conve-
nienCe OF said corporation may require, or
demand; to make and establish such by
laws, rules and regulations for the corporate
management and control OF the affairs Of the
corporation as may be deemed necessary and
expedent.
Article 1.-THE domicile of this corpora
| ton shall be in the city OF New Orleans.
| State of Louisiana, and all citations and
other legal processes shall be served the
| president, or. in his absence, the vice
president, and. in the absence of both. on
| the secretary.
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 follows:
4 The importing and exporting OF coffees,
teas, chicories, spices, herbs, oils, chemicals,
| and all products and materials incident to
the manufacture of favoring extracts; the
importing and exporting OF groceries and
mixing, packing and general trading in the
products above named; the importing, ex
porting, jobbing and retailing OF general
merchandise; the buying: selling and trad
sary for the manufacture of containers suit
able to the wants Of this corporation, sucf
| as tin iron, steel, wood, fibre, paste-board
and other applied materials; the trading II
| Of materials and presses necessary TO TIT
creating and printing of necessary form
and lithagraphic work.
And, generally to do every act, matter o
thing whatever. that may be necessary, in
cidental useful or advisable in the fur
therance of said objects and purposes.
Article IV.-The capital stock of this cor
: poration is fixed at the sum of one hundre
thousand (slOOOOOOO dollars, divided int
| chare Of he val n
of one hundred $1,000 dollars each: A
shares of stock shall be full paid and nor
, assessable.
said stock shall be paid for in cash. or til
. same may be issued, at not less than pa
for labor done or for services rendered I
! the said corporation, or property or right
actually received by said corporation.
: No stakeholder shall have the right to dit
! pose of his shares of stock until he sha
have first offered the same to the beard {
directors at its then book value, who sha
! have fifteen Q5) days option within whic
to purchase same. No transfer of stock sha
: be binding upon the corporation unless mad
r upon its books.
This corporation snail have the right I
increase its capital stock UP to the furth,
suA of five hundred thousand $500 0.0
t dollars. or any part thereof, 10 be divide
, into shares of one hundred $4,000 dollar
/, each, provided said increase in the capt.;
: stock shall have been authorized by tn
stockholders at a meeting held pursuant
This corporation shall have and enjoy n
right to purchase shares Of stock in othe
I corporations, partnerships or other interest
. as may be found necessary, expedient an
advisable.
This corporation shall be and become
going concern when fifty per cent (S0T
Of its stock shall ave been subscribed an
! paid for.
: Article v.-All the corporate powers Of III
corporation shall be vested in, and exercise
5 by, board Of directors composed OF not lie:
, than FIVE 80 and not more than nine. 9
] stockholders, and a majority OF the dire
! tors shall constitute a quorum for the tran
action of all business.
The board of directors herein named sha
!; have the the power and authority to augmei
its number by any addition up to the ma
: imum number of nine members.
{ The directors shall be elected annually, I
|, ballot, by the stockholders on the first Mo
< day in January of each year.
Fab s.ockholder shall be entitled, in pc
8 son or by proxy, to one vote for every sha
: owned by him, and all elections shall
& held under such rules and regulations as m;
!. be specihed by the board OF directors ait