The herald., 1918-08-29
CHARTERS.
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 eigh-
teen, and Of the Independence of the United
States of America the one hundred and
forty third,
Before me, Charles F. Fletchinger. a No
tary 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
nesses hereinafter named and undersigned,
Personally came and appeared the several
persons whose names hereunto sub
scribed, all OF lawful age and all residents Of
the City Of New Orleans, State Of Louisiana,
and, awaiting themselves OF the laws of the
State OF Louisiana and particularly of Act
2o7 OF the General Assembly of the State
! OF louisiana, for the year 1914, relative to
! the organization of corporations, state that
| they have cOvenanted and agreed and do
! hereby covenant and agree to form them
! selves. as well such persons who may
| have become associated with them or sue
| coed them, into a corporation, for the OBJ
jects and purposes and under the following
| Articles. to-wlt:
| ARTICLE 1.-The name of this corpora
| ton shall be Evan Belle Company, Inc, -
| and by said corporate name it shall have
! succession and enjoy existence for a period
| o. n:uety-nne years, unless sooner dissolved
| IN the manner provided by law, and under
said corporate name ii shall have power and
! authority 10 contract, and be sued, 10
| make and use a corporate seal. the same TO
| altti or break at pleasure, to make all nee
| essay rules and regulations for its corpo-
! rate management and CONTROL. and il shall
have AVID enjoy all the rights, privileges and
| iminun ties which are now conferred upon
| or may rtreafter be granted TO corporations
| Ut t.c same kin and character.
! ART ICLE 1.-THE domicilc Of this COZ.
Poration shall be in the city Of New Orleans,
! 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 It are hereby declared to be: to
own, lease, buy and sell lands and real
estate and to hold, improve and mortgage
the same; to improve lands for general or
| special purposes; to acquire and operate plan
tatons, factories and refineries and to sell
and lease the same; to purchase, sell. con
! struct, lease ard operate saw mills grain
| elevators, canning factories and warehouses
and 10 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 by-prOductS thereof; and to deal
| IN all food products generally; to plant, cul-
! tiyate, produce and raise sugar cane, corn.
oats, rice and other food crops; to 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, promiss
| notes and TO issue bonds to sell, assign,
| transfer, mortgage, pledge 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
lTprnnratInn - II
eight hundred and twenty-five thousand
| t$S25OCO.OO Dollars, divided into twenty two
hundred and fifty shares of the par value OF
One Hundred CSlOO) Dollars each, which shall
be First Preferred Stock; five thousand
5000 shares of the par value of One hun
dred (SlOO Dollars each, which shall be Sec
ond Preferred Stock, and one thousand 1000
shares of the par value of One hundred
(SlOO) dollars each, which shall be Common
Stock
The First Preferred Stock shall be entitled
to preferred dividends at the rate of six Co
per cent. per annum on the par value thereof
to be paid annually, the said dividends tc
be 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 o
five 80 per cent per annum on the pa
value thereof, to be paid annually, the sale
dividends to be payable out OF the net pro
, fits which may be realized by the corpora
lative.
The net annual profits realized by the cor
poration over and above the amount whicl
may be required to pay. during each year
the dividends due the first and secOn,
1 preferred stock, as above provided. and afte
the payment of fixed charges and operatin
expenses shall be applied on the first day 0
> February OF each year, beginning in 1919, I
i the redemption of the shares Of second pre-
ferred stock. at par, until the first day 0
February, 1925, when, after the payment o
t the dividends on the first and second pre-
! ferred stock and the payment of all fixe
charges and operating expenses, the net an
nual profits shall be applied, first. to til
redemption retirement of the first pre-
feryed stock, and thereafter to the redemp
I ton and retirement of the second pre-
3 ferred stock, above provided until the sal
outstanding first and second preferred share
t shall be redeemed or retired down to twenty
/ five hundred $500 shares of the aggregat
4 par value of two hundred and fifty thousan
/ (S250,OO0) Dollars. after which dividends ma
E be declared on the common stock.
= The entire issue of the shares Of FRS
Preferred Stock shall be redeemed or retire
. on or before February /, 1925.
The shares of the Second Preferred StOcl
TO be redeemed or retired above provided
A shall be determined by lot, under regulation
TO be adopted by the Board of Directors, an
shall be redeemed or retired in not less tina
the following amounts and on the followin
dates, to-wit:
1919, February lst, $1,000; 1920. Februar
|
I February LIST, $1,000; 1928 February LIST. $40
d 600; 1924, February lst, $4,000; 1925, Febru
airy LIST, $4,000; 1926. February LIST. $1,000
. 1927. February LIST, $4,000; 1923. February Is
{ $4,000 1929, February LIST, $4,000; $780, Eel
: ruary lst. $4,000; 1881, February LIST, 5000
1882 February 1st, 10000; 1888, February Is
- $4,000
> No dividend shall be declared on the con
" mon stock of the corporation unless and unit
. | all of the First and Second Preferred Stoc
shall have been redeemed or retired dow
. to twenty five hundred (25O0) shares and a
: of the cumulative dividends thereon paid.
- As and when the shares of First and Sc
ond Preferred Stock shall be redeemed
n retired, above provided, such redeeme
II or retired shares shall be deposited with ii
e Hiberna Bank and Trust Company, of Ne
# Orleans, as Trustee. for the Evan-Bel
l. Company, Inc, to be cancelled or held
d escrow until the whole issue if said shar,
If of said First and Second Preferred Stoc
IT shall be redeemed retired, whereupon Il
& said shares of first and second preferrC
e stock shall be delivered by the said Hibern
IS Bank & Trust Co.. Trustee, to Evan-d3el
n Company, Inc, to be cancelled or convertt
70 into treasury common stock, and new certif
l. Gates issued therefor, accordingly, to be r
rs sold or distributed among the owners of Il
rs common stock, according to their RESPECTIVE
A. holdings.
y All shares Of First and Second Preferrt
n Stock redeemed and deposited in escrow wi
y the Hibernia Bank & Trust Co., Trustee
n above provided shall be subscribed to a
l. outstanding unredeemed or unretired DIT