The herald. [volume] (New Orleans, La.) 1905-1953, 1917-08-02
CHARTERS.

70 elect. Al, elections and meetings shall
De held after the notices and delays pro-
vided by law.
Said board Of directors. acting for said
cooperation, shall have power to buy or 9th /
crwlse acquire, or to sell or otherwise alien |
ate, and 10 mortgage or otherwise hypothe- |
cate, all property movable or immoyable .
tangible or intangible; 70 borrow money and
20 issue notes, bonds or other evidences OF
debt and generally 10 exercise all the DOW.
ers generally exercised by boards of direc.
Article Fifth.-The capital stock of this
corporation IS hereby fixed at the sum of
twenty thousand dollars (S2O,U0OO), divided
into and represented by two hundred 900
lars tSlOO each, which shall only be issued
IN the manner and form and for the con-
siderations provided by law.
SAID capital stock shall be divided int
preferred stock and common stock There
shall be one hundred and twenty shares OF
preferred stock and eighty shares OF common
stock. The preferred stock shall be subject
20 redemption out OF any net profits or
earned surplus, at a price of not less than
par, and the holders thereof shall receive
dividends thereon not 10 exceed seven per
cent, cumulative. thereon, as declared by the
board Of directors, after which dividends,
not to exceed fifteen per centum, shall be
declared by said board OF directors and paid
% the holders Of the common stock. Out of
any additional earnings or surplus the said
board Of directors may declare extra dIvi-
dends to the holders OF the preferred and
common stock. provided such extra dividends
shall be Of an equal amount or percentage.
The capital stock OF this corporation may
[ be increased 10 the sum OF fifty thousand
/ dollars lS5oOOO0O represented by shares OF
one hundred dollars each, OF which increase
/ II made, there shall be one hundred thirty
/ shares OF preferred stock and one hundred
! seventy shares OF common stock
/ Article Slxth.-At the dissolution OF this
! corporation is affairs shall be lIqu.dated by
! the then existing board Of directors Any
] -, -. -. q
| am member - serve as a liquidating COM
missioner, shall be filled by appointment OF
! stcckhOlier by the remaining commission
! ers All powers vested by Act 2o7 of 1914
. relative 10 NQudatlng comm sS,oners OF cor
pora,lorS, shall be vested in said liquldatlng
. commissioners. SAID COMM SIOuerS shall
hold office until the final liquidation OF said
/ corporation.
Article Seventh-The names and post Office
. addresses Of the subscribers % the capital
stock and the amount subscribed by each,
I are:
?. Percy Vi0sca, J-.. New Orleans, twenty
! shares Of preferred stock and twenty shares
. Of common stock, 10 be paid for by he
/ property etc, transferred 70 said corporation
a, mentioned IN the attached list, which Is
| TO be read into and form part OF this charter;
! Robert Glenk, New Orleans, forty shares
Of preferred stock, 10 be paid for by the sale
! and transfer % this corporation OF the real
estate mentioned and described in the al.
| tached list, which is 10 be read into and
form part OF this charter:
T. p. Thompson, New Orleans, forty shares
Of the preferred stock to be paid for by the
sale and transfer to this corporation OF the
real estate mentioned and described in the
attached list, which Is 70 be read into and
form part Of this charter;
Justin F. Denechaud. New Orleans, one
share Of preferred stock. 10 be paid FOR in
cash AZ the time o: subscriptions one share
common stock;
Henry l. Sarpy. New Orleans one share
Of preferred stock, 70 be paid FOR by service:
L.. MAJ de 40 aT
i,emized statement attached, which is 20 be
read into and form part OF this charter;
Nelson Constant, D-s Alemandes, ter
shares Of preferred stock, 70 be paid for II
cash al the time Of subscription; ten share:
common stock.
thus done. passed and incorporated, in ny
. office, at the City OF New Orleans, on th'
7 day. month and year herein first before writ
ten. in the presence OF Messieurs Joseph VI
Gore, j., and Louis A. Duc-os, competen
witnesses, domici.ed in this parish. who sigi
with said appeare-s and me, notary, afte
Original Signedj: Percy yiosea, -Jr.., T
P. Thompson. Robert Glenk. Justin F. Den
echaud. Henry L. Sa-py. Nelson Constant
. by Percy Niosca, Jr, J. NJ. Gore, Jr., L. a
: ''' HENRY L SARPY. Not. Put
= (Amount OF subscription 10 stock omitted.
|. the undersigned recorder OF mortgages
Q in and for the Parish OF Orleans do hereb
5 certify that the above and foregoing act @
| Incorporation OF the Southern Biological SUP
ply Co, Inc. together with the lists al
), tached thereto was this day. duly recorde
i in my Office in book l2l2, folio -.
E New Orleans. June p. 1917.
|, (Sgred) EMILE J. LEONARD, D. r.
v |. the undersigned. do hereby certify, thu
]. the above and foregoing is a true and col
rect copy OF the original on file and extar
in my current notarial archives.
In witness whereof | hereunto set my han
and seal at New Orleans. this 9th day
June, a d. 1917.
= (Signed) HENRY L. SARPf,
(SEAD Not. Pub.
y June % July u 70 % aug 2
June 4th, 1917.