The herald. [volume] (New Orleans, La.) 1905-1953, 1917-03-29
CHARTER

Or loKkEL OEkEAL NoMIAN1, IN
CORFORATED."
United States OF America, State OF louisiana,
Parish Of Orleans, City OF New Orleans.
BE II known, that on this day, the twenty
third OF the month Of February, in the year
Il or Lord one thousand nine hundred and
seventeen, and OF the independence OF the
United States Of America, the one hundred
and forty first; before me, Bussere Rouen,
a notary public in and for the parish OF Or.
leans, State of Louisiana, duly commissioned
sworn ard qualified, and in the presence
Of the witnesses hereinafter named and IN
ierslgued. personally came and appeared:
| The persons whose names are hereunto sub
SCribed; all OF the full age OF majority and
residents of the city OF New Orleans; who
declared that awaiting themselves OF the
| provisions OF the laws OF the State OF Lou
siaua relative TO the organization OF cor
p1rations and more particularly OF Act No.
| -57 OF the General Assembly OF this State,
approved July g 1914, they have covenanted
| and agreed, and do, by these presents, COW
cnant and agree, and bind themselves, TO
| form and constitute themselves, as well as
| such persons as may hereafter become asso-
| body polite in law. for the objects and pur-
poses, and under the agreements and stIpu-
| ations following, to-wit:
| Article The name and style OF this
| corporation shall be "Torrel Cereal Company,
| incorporated" and under that name 1t shall
| have and enjoy all the rights, advantages
| and privileges granted by law 10 corpora
tons; it shall exist for the period of ninety,
1
| have power to contract, sue and be sued IN
| is corporate name; to make and use cor
| porate seal and TO break and alter same al
| pleasure: 10 hold. receive, purchase, convey,
| ease, mortgage, hypothecate or pledge prop
| erty, both real and personal; to sign and
| ssue bonds, notes and other obligations or
| negotiable instruments; 10 have and employ
| such managers, directors, othcers, agents and
| other employees as the interest and conve-
| nience of the said corporation may require
or demand and to dismiss them at pleasure !;
| 10 make and establish such bylaws rules
| and regulations for the corporate manage
| ment and control of the affairs OF the corpo-
ration as may be deemed necessary and expe-
| dent.
| poration shall be established in the city OF
| New Orleans, Louisiana, and all citations
| or other legal process shall be served on the
president; in his absence on the vice-presi-
| dent: and in the absence OF both upon the
| secrctary-treasurer.
| Article UI-The object and purposes for
| which this corporation IS formed and the
| nature of the business to be carried on by
| II, are hereby declared TO be: The manufac-
| ture and sale OF cereals, cereal foods, coffee
! filters and compounds, chlcory and artlhcial
| chcory; roasting of cottees, cereals, etc.
| and to that end to use any necessary ma
| chinery. tools, appliances, etc, and to do
| any other business incidental to, or needtul
| IN carrying out the foregoing purposes.
Article IV.-The capital stock OF this cor,
poration is fixed at the sum OF five thousand
| dollars (S5,U0OO, divided into fifty (5Ol
| shares of one hundred dollars each (Sl000C
each) All shares of stock shall be full paid
and non assessable.
upon the corporation, unless made upon It's
books, and all certificates OF stock shall be
| signed by such officers as may be designated
| BY the board OF directors.
| This corporation shall have the right to
increase its capital stock up TO the further
| sum Of twenty-five thousand dollars CS25,OOl
| 10 be divided into shares OF one hundred
i I IL cd
capital stock shall have been authorized by
the stockholders at meeting to be held
pursuant to the provisions OF Article Sew
ARTICLE V--Ail the corporate powers
| Of this corporation shall be vested IN and
he management and control OF its aftairs
shall be exercised by board OF directors
composed of four az stockholders A major
itv of the directors shall constitute a quo
rum for the transaction Of all business.
The directors shall be elected annually by
ballot, BY the stockholders at meeting held
on the second Monday in March, beginning
with the year 1918. Each stockholder shall
| be entitled, in person or by proxy, to vote
! for every share owned by him, and at all
be necessary to elect. Said elections shall
| be held under such rules and regulations as
may be determined by the board OF direc.
tors. after fifteen days notice by mail Of
such election shall have been sent TO each
| stakeholder at his last known address.
The directors thus elected shall continue
in office for one year Except theshrst board
| hereafter mentioned until their success
sors shall have been duly elected and quail
fed. No failure TO elect shall be regarded
as a forfeiture Of this charter.
Any vacancy occurring said board shall
be filled by the remaining directors for the
unexpired term; the said board shall like
wise elect at its first meeting, after its
election, out of its number a president, q
vice. president and a secretary-treasurer and
an assistant secretary-treasurer, who shall
also be manager. Said board of directors
shall have the right to consolidate any two
Of the said Offices into one, or 10 segregate
said Offices, as also the right to appoint
employees of the corporation as condition.
may justify or the business of the corpo
ration may require. The tenure of Office Of
all the employees of the corporation shall be
at the pleasure of the board of directors.