The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-27
CHARTERS.

to do business as a public warehouseman
under the laws of the State OF Louisiana,
or any other State, Territory country in
which 1t may operate, and to carry on or
undertake any business transaction oper-
alton commonly carried on or undertaken by
warehousemen, or any other business which
may from time to time be conveniently car
rIed on in connection with the above and
as an incident thereto; 10 erect tanneries,
Jefrigerating plants canneres and cold stor-
age plants.
Seton 40 purchase, hold, sell, improve
and lease real estate, and mortgage and en-
cumber the same, and to erect, manage, care
for and maintain, extend and alter build
Ings thereon.
Section $40 open and maintain agencies,
branches Offices throughout the United
States or in any foreign country, TO carry
out any of fthe aforesaid objects and pur-
poses.
Article IV.-The authorized capital stock
Of this corporation is hereby fixed at the
sum Of One million dollars, divided into and
represented by ten thousand shares at the
par value of one hundred dollars per share;
but the capital stock of this corporation may
be increased, in the manner provided by
law, to the sum of two million dollars. The
capital stock when issued shall be full paid
and non-assable, and shall be issued either
for cash, or for such property, real, per-
onal or mired as shall be acceptable to
The Board of Directors and stockholders. And
this corporation shall have the right to COM
mence business when fifty per cent of the
amount of its capital stock is subscribed and
nifty per cent of the amount of stock so
subscribed is actually paid for in cash, or
its equivalent in other property.
Article V.-The business of this corpora
ton shall be managed by, and all the cor
porate powers thereof shall be vested in and
exercised by Board of Directors composed
of not less than three, nor more than eight
directors, to be elected from the stockhold-
ers; and three directors present at the domi-
cile OF the corporation at any time during
the life of this corporation, shall constitute
a quorum, provided that so long as there
only three directors, constituting the
tull board, either present in person rep
resented by poxy, shall constitute a quorum.
Article VI.-The first Board of Directors
Well, Harris S. We'll, Joseph H. We'll, E.
Marian We'll, Meyer s. Dreifus and Paul
Frankfurther, with Samuel We'll, President
Jacob We'll, Vice President and General
Assistant Treasurer, Harris S. We'll, Treas
urer. Said Board of Diectors, to gether with
said officers, shall serve until their success
sors are elected and qualified.
Article VII-On the second Monday in JAM
uary of 1919 and annually thereafter, a meet
ing of the stockholders of this corporation
shall be held at the office of the company,
tor the purpose of electing directors for
the ensuing year; and at such meetings the
stockholders shall have the right of cumu-
ldIiNe voting IN the election OF directors, ana
shall have the right of electng the number
OF directors, then in office, and if there are
not as many as three directors then in Office,
shall have the right of electing additional
directors SO long as the full number of d.
rectorS elected does not exceed eight. A
failure from any cause whatever to hold the
annual meeting of stockholders, or the fail
ure to elect directors, shall not dissolve this
corporation, but the directors then in Office
shall remain in office until their successors
shall dulv
sen, elected, qualified and installed.
Article villa meeting of the stockhold-
ers may be called at any time by the Pres
ident, after ten days notice shall have been
given, by sending through the mails such
notice, and the certificate of the Secretary
that such notice has been sent through the
mail shall be sufficient evidence that notice
of said meeting has been given.
Article lX.-This charter may be amend
ed and the capital stock of this corporation
may be increased or decreased, or this cor
poration may be dissolved in the manner
provided by law.
Article X.-No stakeholder of this cor
Poration shall ever be held liable or respon-
sible for the contracts faults of this cor
poration IN any further sum than the unpaid
balance on the stock for which he has SUBJ
scribed, nor shall any mere informality in
organization have the effect of rendering
| this charter null, or of exposing stock
| holder to any liability other than as above
| provided.
Thus done and passed in my Office, at the
City of New Orleans, louisiana, on the day,
! month and year herein first above written, in
| the presence of Edward B. Ellis and Mar
guerite G. Stein, competent witnesses who
| have hereunto signed their names with said
| appearers and me, Notary, after due read
| ing of the whole.
Names of Subscribers.
Witnesses: NJ. G. Stein, E. B. Ellis
MARTIN H. MANION, Not. Pub.
/, the undersigned Recorder of Mortgages,
| in and for the Parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing act of Incorporation of The
Nicaraguan Fruit and Steamship Company,
| Inc, was this day duly recorded in my
office in book 1912, folio -.
New Orleans, November "A, 1917.
EMILE ]. LEONARD, D. r.
A true copy.
MARTIN H. MANION, Not. Pub.
Nov o Dec Is 20 u Jan 3-l8