The herald. [volume] (New Orleans, La.) 1905-1953, 1917-10-11
CHARTERS.

non shall be III 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 sec
rotary.
Article II.-The objects and purposes for
which this corporation IS organized and the
nature OF the business To be carried on by
it, hereby declared 10 De, as follows,
. to-wit:
To manufacture. buy. sell. import. export
and generally deal in all kinds, classes and
descriptions Of food products; and generally
. 20 do any act, matter or thing whatever that
I may he necessary, incidental, useful or ad-
visable in the fur;herance OF such objects
and purposes.
Article IV.-The capital stock OF this cor
poration Is fixed at the sum- OF SIX thousand
dollars (S6.ODCO). divided into sixty shares
Of the par value OF one hundred $4,000
dollars each
OF said capital stock, $4,000 or thirty
shares. shall he Preferred stock, and S5DCO0O
or thirty shares, shall he Common stock.
The holders OF the Preferred stock shall be
entitled to receive. when and as declared
from the surplus or net profits OF the cor
porl;ion, yearly dividends AZ the rate Of six
(6cr) per cent per annum and no more.
The dividends the preferred stock shall
be cumulative, and shall be payable before
any dividend on the common stock shall
be paid or set apart; 50 that II IN any year
dividends amounting 10 SIX (6CT) per cent
d
shall he payable before any dividend shall
be paid upon set apart for common stock.
Whenever all cumulative dividends the
preferred stock for all previous years shall
have been declared, and the company shall
have paid such cumulative dividends for pre-
vious years, or shall have set aside from
its surplus net profits, a sum sufficient for
the payment thereof. dividends on the COM
Non stock. and payable then or thereafter
ont OF remaining surplus or net profits,
may be declared
! In the event of any liquidation or dissplu-
/ tion or winding up twhether voluntary or in
! voluntary OF the corporation, the holders Of
! the preferred stock shall be entitled 10 be
| paid in full, both the par amount Of their
/ shares aud the unpaid dividends accrued
/ thereon, before any money shall be paid n
] he holders of the common stock; and after
payment 20 the holders of the preferred stock
! OF It's par value and the unpaid accrued div.
iderds thereon, the remaining assets shall
, he divided and paid to the holders of the
| common stock according to their respective
| shares.
All shares of stock shall be full paid and
| worcestershire
The said stock shall be paid for in cash
ar the same may be issued at not less thar
var. fnr labor done. or services rendered said
! corporation, or property or rights actually
| received by said corporation.
No stakeholder shall have the right tc
4 S01sn n HIS shares Of stock until he shall
nave ITSt OfeTed the same to the board NJ
directors at its then book value who shall
, have fifteen days option within which tim,
| = purchase same. No transfer of stock shall
We h'-d'ro unon the corporation unless made
upon its books.
This corporation shall have the RICH, tc
| increase its capital stock 10 the further sun
| NJ one hundred thousand $500 moon dollars
or any part thereof 10 be divided into share.
! IT 500 m rach. n-ov;drd said increase in tn,
capital stock shall have been authorized b,
ytnfI
TO the provisions of this charter
This corporation shall have and eniov tn,
right to purchase shares of stock in othe
corporations, partnerships or interests, a.
nav, he found necessary, exepdient or ad
visable.
This corporation shall be and become :
"0inc concern when fifty tS0ct) per cent O
IS stock shall have been subscribed anC
paid for
Article N.-All the corporate powers of thi.
corporation shall be vested in, and exc
c,sed by. board of directors composed o
Road of Directors shall constitute a oro-,,r
for the transaction of all business The III
rectors shall be elected annually bv ballo
by the stockholders on the third Wednesda,
n September of each wear.
The common stockholders alone shall hav,
the voting power in all corporate affairs.
Each stakeholder of common stock shall
vote for everv share Of common sock ow-eC
by him: and all elections shall be brIc
under such rules and regulations as NAV n,
snecihed by the board of directors. af'er
hfteen days notice of such election sbal
have been sent TO each Of the stakeholder.
At his last known address
| No failure TO elect directors shall be re
0arded as a forfeiture of this charter.
| Arv vacancy occurring on this board shall
be hlied by the remaining directors for tn,
| unexpired term.
Said board of directors shall at its frs
! meeting after It's election, nominate ont o.
rs own nu-r.her president and A secretary
treasurer. The Offices Of northumberland
-,7v he separated and held bv separate in
1'y,duaIs. The office of secretary may b,
N"-f bv ore not stockh0lde-
The said hoard ~ directors shall have 81,
-iOht 20 appoint ard dismiss such clerks an,
managers ard other ernIovees OF the co-no
ration, as IN its judgment may be deemet
necessary.
The tenure Of Office Of all the EMPLOYEES n
we corporation shall be during the p,easi-
NJ the board Of directors: arv director sb al
! Nove the richt to appoint in WHITING an
'ther director 70 act as his proxy and in hi
sod ~ ANY and all meetings OF the boar
, of directors.
1 A-''cle VI ! con F-ark. whose nos, of6c
: address IS Third and Magazine streets Ne,
orleans. Louisiana; Julius G We-ner who's
Est Office address is or Ca--orI.on Avaru,
\ New Orleans, Louisiana: William Herr
n her whose post Office address Is sor4 Pr,
T tania street. New Orleans Louisiana. sLa
constitute the first board ~ d;rec.o-s NJ III
= cor,o-at'or. with Leon Frank as p-es;dor
: and William Henry Ker as snc-e'a-v.t-ea
] urer to serve until the third Wednesday ,
$ SAntember. 1918. or until their successo,
= snail have been elected and qualified
: Article VII.-This act Of Incorporation ma
We CHANGED. modified or altered or this CO
"arato1 nav be dissolved. with the asse-
: ~ Stockholders OWNING two-thirds of all II
SOCK OF the corporation, at a general NEE
i ,nV convened FOR that purpose. and after
) ~'Sf hfteHn vs. davs written ro.ice nf IL
> meeting has been given personally or throuq
i me mail: addressed to each stoctholde-.
i HIS last known place Of address l. case
!. dissolution. by the expiration of this cha
u ter or otherwise. after compliance with l-y
Q the stockholders shall elect two lnuidato
q rom amono their number n lior;da'e az
settle the business and affairs Of The CO
noration. The said lnudators shall h.,
| full power to settle the corporation's debt