The herald., 1918-08-22
ACT OF INCORPORATION OF
EVAN-BELLE COMPANY, INC.


State OF Louisiana, Parish Of Orleans, City
Of New Orleans.
BE It known, That, on this, the 18th, day Of
the month OF August, IN the year Of our
Lord one thousand, nine hundred and egh-
teen. and OF the Independence OF the United
States OF America the one hundred and
forty third,
Before me- Charles F. Fletchinger, No
iary Public, duly commissioned and quail
fled in and for the City of New Orleans,
Parish OF Orleans. State of Louisiana, there
IN residing and in the presence OF the wit
ncsses hereinafter named and undersigned,
Personally came and appeared the several
scrIbed, all OF lawful age and all residents OF
the City Of New Orleans, State of Louisiana,
and avallIng themselves OF the laws of the
State OF Louisiana and particularly of Act
267 Of the General Assembly OF the State
u Louisiana, tor the year 1914, relative TO
the organization Of corporations, state that
they have oovenanted and agreed and do
hereby covenant and agree to form them
selves as wei! as such persons who may
have become associated with them or sue
coed them, into corporation, for the OBJ
jects and purposes and under the following
Articles tO-wit:
ARTICLE 1.-The name of this corpora.
non shall be Evan Belle Company, Inc, :"
and by said corporate name II shall have
succession and ENJOY existence for a period
o. ninety nine years, unless sooner dissolved
III INC manner PROVIDED by law, and under
Said corporate name II shall have power and
authority 10 contract, sue and be sued TO
make and use a corporate seal the same to
dItei or break at pleasure, TO make all nee
esstTy rules and regulations for its corpo
fdte management and control; and il shall
have ard enjoy all the rights privileges and
lminun ties which now conferred upon
or may Hereafter be granted 10 corporations
OF ;-e some kinl and charact-r
ARTICLE 1.-The domicile Of this COT
m - oil h..
State Of Louisiana.
ARTICLE III-The objects and purposes
tor which this corporation is organized and
the nature OF the business TO be carried on
by II are hereby declared to be: to
own. lease, buy and sell lands and real
es'ate and to hold, improve and mortgage
the same; to improve lands for general or
special purposes; to acquire and operate plan
tations, factories and refineries- and TO sell
and lease the same; to purchase, sell CON
sruct, lease and operate saw mills, grain
elevators, canning factories and warehouses
and TO operate switch tracks. railroads barge
and boat lines in connection Herewith; TO pur.
chase, sell, manufacture, produce, refine pre-
pare, import, export and, generally. to deal
IN sugar sugar cane, molasses, syrups and all
products or oy-products thereof; and to deal
IN all food products generally; TO plant Gull
tivate, produce and raise sugar cane, corn
oats, rice and other food crops; 10 purchase
sell, breed and deal in cattle and live stock
OF all kinds; to conduct a general mercantile
business, wholesale and retail, in the State
OF louisiana, or elsewhere; to engage in the
business OF public warehOuseman; to draw
make, indorse bills OF exchange promissory
notes and to issue bonds. TO sell. assign
transfer, mortgage, pledge or otherwise dis
pose Of bonds, securities or shares of capital
stock IN other corporations; to own stock
IN other corporations. to vote the same, and,
generally, TO do any and all things inciden-
tai or germane TO any of the objects and
purposes above specified.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
elght hundred and twenty-five thousand
lSS25,OOGOO Dollars, divided into twenty-five
hundred and fifty shares of the par value OF
One Hundred (Sl0O) Dollars each, which shall
be First Preferred Stock; five thousand
bred $500 Dollars each, which shall be Sec.
ond Preferred Stock, and one thousand QOOOl
shares of the par value OF One hundred
SSlU) dollars each, which shall be Common
The First Preferred Stock shall be entitled
to preferred dividends at the rate of six (6
per cent. per annum the par value thereof
to be paid annually, the said dividends to
De payable out OF the net profits which may
be realized by the corporation, and the said
dividends shall be cumulative.
The Second Preferred Stock shall be en-
titled to preferred dividends at the rate of
Ilve W per cent per annum on the par
value thereof, to be paid annually, the said
dividends to be payable out of the net pro-
fits which may be realized by the cornprs.
tion, and the said dividends shall be cumu.
lative.
The net annual profits realized by the COR
poration over and above the amount which
may be required TO pay. during each year
the dividends due on the first and second
preferred stock as above provided. and after
the payment of fixed charges and onerat;n0
expenses shall be applied on the first day Of
February OF each year, beginning in 1919, to
the redemption Of the shares of second pre-.
ierred stock. at par. until the first day of
February, 1925, when, after the payment of
the dividends on the first and second pre-
ferred stock and the payment of all fixed
charges and operating expenses, the net an
nual profits shall be applied, first. to the
redemption or retirement of the first pre-
ierred stock, and thereafter to the redemp-
ton and retirement of the second pre-.
TERED stock, as above provided, until the said
outstanding first and second preferred shares
shall be redeemed or retired down to twenty
par value of two hundred and fifty thousand
tS2SO,OO) Dollars, after which dividends may
De declared on the common stock.
The entire issue of the shares of First
Preferred Stock shall be redeemed or retired
on or before February /, 1926
The shares of the Second Preferred Stock
TO be redeemed or retired as above provided
shall be determined by lot, under regulations
to be adopted by the Board of Directors. and
shall be redeemed or retired in not less than
the following amounts and on the following
dates, to-wit:
1919. February 1st $1,000; 1920. February
LIST, $1,000; 1921. February lst, $1,000: 1922
February lst, $1,000; 1923. February lst SO.
600; 1924, February LIST. $4,000; 1925, Febri-
ary LIST. $4,000; 1926 February LIST, $4,000
1872. February lst, $4,000; 1923. February LIST,
$4,000 1923, February LIST, $4,000; 1890. Feb
ruary lst. $4,000; 1881, February LIST, $4,000;
$4,000.
No dividend shall be declared on the COM
mon stock of the corporation unless and until
all of the First and Second Preferred Stock
shall have been redeemed or retired down
10 twenty five hundred $500 shares and all
OF the cumulative dividends thereon paid
As and when the shares Of First and Sec
ond Preferred Stock shall be redeemed or
retired, as above provided, such redeemed
or retired shares shall be deposited with the
Hibernia Bank and Trust Company, of New
Orleans, Trustee, for the Evan-Belle
escrow until the whole issue If said shares
Of said First and Second Preferred Stock
shall be redeemed or retired. whereupon the
SAID shares of first and second preferred
stock shall be delivered by the said Hibernia
bank * Trust Co. Trustee. TO Evan Belle
Company, Inc, TO be cancelled or converted
into treasury common stock, and new certifi-
Gates issued therefor, accordingly, to be re-
sold or distributed among the owners Of the
common stock, according to their respective
holdings
Stock redeemed and deposited in escrow with
the Hibernia Bank & Trust Co.. Trustee, as
above provided. shall be subscribed to all
outstanding unredeemed or unretired pre-
ferred stock until the total issue of said
Preferred Stock shi II be cancelled or redeem