The herald., 1917-02-01
ACT OF INCORPORATION
OF THE 'SAN-I-BAKER' CORPORATIO,
MOOR RATED-

INCORPORATED.
United States Of America, State of Louis-
ana, Parish of Orleans, City OF New
BE it known. that on this the twentieth
day Of the month OF January, in the year Of
our Lord one thousand nine hundred and
seventeen G917), and of the independence of
the United States of America, the one hun
bred and forty-first, before me, Joseph Sinai.
a notary public. duly commissioned and
sworn, in and for the parish of Orleans,
Personally came and appeared the persons
whose names hereunto subscribed who
declared that availing themselves OF the
| provision of the laws OF this state relative
10 organization Of corporations, and more
| particularly to Act 267 of the General As
| sembly OF this State, approved July 9th.
| 1914, they have covenanted and agreed, and
| do, by these presents, covenant and agree,
| bind, form and constitute themselves, as
| well such persons who may hereafter join,
| or become associated with them, into a cor
| poratiOn and body polite in law for the OBJ
! jects and purposes and under the agreements
! and stipulatiOns following, to-wit:
! Article 1.-The name and style Of this cor
poration shall be The 'San-I baker Cor
| poration, incorporated" and under that name
it shall have and enjoy all the rights ad-
vantages and privileges granted by law TO
| corporations; it shall exist for the period
| OF ninety-nine 90 years from this date; il
| shall have the power to contract sue and
be sued in its corporate name; TO make and
use corporate seal, and the same 10 break,
or alter at pleasure; 10 hold. receive. pur-
| chase, convey, mortgage, hypothecate or
pledge property, both real and personal; 10
| issue bonds, notes and other obligations or
negotiable instruments; to have and employ
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 may be deemed necessary and
| eXpedient.
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, on 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 or
by it, are declared to be as follows:
The importing and exporting of coffees
teas, chicories, spices, herbs, oils, chemicals
i and all products and materials incident &c
the manufacture of havoring extracts; the
importing and exporting of groceries and
gnocers' sundries; the roasting, blending
mixing, packing and general trading in the
products, above named; the importing, ex
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, sucf
as tin, iron. steel, wood, fibre, paste-board
and other applied materials; the trading il
Of materials and presses necessary to The
, creating and printing Of necessary forms
and photographic work
And, generally to do every act, matter o
thing whatever, that may be necessary, in
cidental, useful or advisable in the fur
J therance of said objects and purposes.
Article IV.-The capital stock of this cor
. thousand $1OOOO.O) dollars, divided int
one thousand O,OOO) shares, of the par valu
l of hundred $4,000 dollars each. Al
, shares of stock shall be full paid and non
assessable.
Said stock shall be paid for in cash, or tn
:, same may be issued, at not less than pal
v for labor done for services rendered t
: the said corporation, or property right
: actually received by said corporation.
s No stockholder shall have the right to dis
r pose of his shares of stock until he sha
= have first offered the same TO the board
c directors at its then book value. who sha
: have fifteen G0 days option within whic
{ TO purchase same. No transfer of stock sha
be binding upon the corporation unless mad
e upon its books.
4 This corporation shall have the right
n increase its capital stock up to the furthe
8 sum of FIVE hundred thousand (S50OOOO.O
e ! dollars, or any part thereof, 70 be divide
into shares of one hundred $4,000 dollar
. | each, provided said increase in, the capt.;
y stock shall have been authorized by III
I. stockholders at a meeting held pursuant I
y the provisions Of this charter.
J. | ms corporation snail nave ana ENJOY IN
x | right to purchase shares Of stock in otht
= corporations. partnerships other interest
4 as may be found necessary, expedient an
: advisable.
II This corporation shall be and become
going concern when fifty per cent (50ot
e of its stock shall nave been subscribed an
d paid for.
d Article V-All the corporate powers of TIL
e corporation shall be vested in, and exercise
}. by, a board of directors composed of not les
} than FIVE 81 and not more than nine. 9
r stockholders, and a majority Of the dire
e tors shall constitute quorum for the tran
i action of all business.
d The board of directors herein uamsd sha
s have the the power and authority TO augmer
e its number by any addition up to the maj
s imum number Of nine members.
), The directors shall be elected annually, b
II ballot, by the stockholders on the first MOI
o dav in January of each year.
r, Each stakeholder shall be entitled, in pc
l. son or by proxy, TO one vote for every shal
owned by him, and all elections shall
v held under such rules and regulations as ma
r be specified by the board of directors aft
II fifteen G) days notice Of such election sha
" have been sent to each stakeholder at n
It last known address.
No failure to elect directors shall be
!. garded as forfeiture of this charter.
e ANY vacancy occurring on such board sha
- be filled by the remaining directors Tor Il
Ie unexpired term.