The herald., 1917-01-25
ACT OF INCORPORATION
OF THE 'SAN-I-BAKER' CORPORATION
INCORPORATED

United States of America. State OF Louisi-
ana, Parish OF Orleans, City OF New
Orleans
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 u9HD, and OF the independence OF
the United States Of America. the one hun
dred and forty-hrst, before me, Joseph Sinai.
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
whose names are hereunto subscribed. who
declared that availing themselves Of the
provisions of the laws of this state relative
70 organization OF corporations, and more
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 as 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
II shall have and enjoy all the rights, ad-
vantages and privileges granted by law to
corporations; II shall exist for the period
Of ninety (99) years from this date: it
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.
chase, convey, mortgage, hypothecate or
pledge property, both real and personal; to
issue bonds, notes and other obligations or
negotiable instruments; to have and employ
such managers, directors, officers, agents and
other employees 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 on 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 on
by it, are declared to be as follows:
The importing and exporting of coffees,
teas, chIcorles, spices. herbs. oils, chemicals,
and all products and materials incident to
the manufacture OF favoring extracts; the
importing and exporting of groceries and
g1ocers sundries; the roasting, blending.
mixing, packing and general trading in the
prod ucts above named; the importing, ex-
porting jobbing and retailing of general
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, such
and other applied materials; the trading in
of materials and presses necessary to the
creating and printing of necessary forms
and photographic work.
And, generally to do every act, matter or
thing whatever, that NAV 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 hundred
thousand (S1OO,WOOO) dollars divided into
one thousand 1900 shares, of the par value
of one hundred $4,000 dollars each. All
shares of stock shall be full paid and non
asseSsable.
Said stock shall be paid for in cash. or the
same may be issued. at not less than par
for labor done or for services rendered 10
the said corporation, or property or rights
actually received by said corporation.
No stakeholder shall have the right to dis
pose of his shares of stock until he shall
have first offered the same to the board OF
directors at its then book value, who shall
have fifteen O5 days option within which
| to purchase same. No transfer of stock shall
| be binding upon the corporation unless made
upon its books.
| This corporation shall have the right tc
| increase its capital stock up to the further
| sum of FIVE hundred thousand $4,000 OO'
dollars. or any part thereof, 20 be divided
! into shares of hundred $4,000 dollar:
each. provided said increase in the capita
stock shall have been authorized by tn,
| stockholders at meeting held pursuant t
Il
| This corporation shall have and enjoy thu
| right to purchase shares of stock in othe
corporations, partnerships or other interests
as may be found necessary, expedient anC
| advisable.
| This corporation shall be and become
going concern when fifty per cent 5000
of its stock shall nave been subscribed ant
| paid for.
| Article V.-All the corporate powers of thi
| corporation shall be vested in, and exercised
| by, board of directors composed of not les
| than FIVE 90 and not more than nine (9
stockholders, and a majority of the direc
| tors shall constitute quorum for the trans
| action of all business.
| The board of directors herein named shall
| have the the power and authority to augmen
| its number by any addition up to the max
| imum number of nine members.
The directors shall be elected annually, b.
| ballot, by the stockholders on the first Mon
| day in January of each year.
| Each stakeholder shall be entitled, in per
| son or by proxy, to one vote for every shar
owned by him, and all elections shall b
| held under such rules and regulations as ma
| be specified by the board OF directors afte
| fifteen G0 days notice Of such election shal
have been sent to each stakeholder at hi
last known address.
| No failure to elect directors shall be RI
garded as a forfeiture of this charter.
Any vacancy occurring on such board sha
be filled by the remaining directors for tn
unexpired term.