The herald., 1918-09-19
CHARTERS.
ACT OF Incorporation OF
EvAN-BELLE COMPANY, INC.
State of Louisiana, Parish of Orleans, City
OF New Orleans.


State of Louisiana, Parish of Orleans, City
Of New Orleans.
Be it known, That, on thse:he 18th, day of
the month of August, in dhe 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,
tary Public, duly commissioned and quail
I 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 are hereunto sub
scrlbed, all of lawful age and all residents of
the City of New Orleans, State of Louisiana,
and, avaihng 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-wit:
| 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
OF n:nety-nine years, unless sooner dissolved
\ IN the manner provided by law, and under
said corporate name it shall have power and
authority TO contract, sue and be sued, to
| make and use a corporate seal. the same TO
| alter or break at pleasure, to make all nee
| essay rules and regulations for its corpo-
| rate management and control; and il shall
have ard enjoy all the rights, privileges and
| Immun- ties which conferred upon
| or may Hereafter be granted TO corporations
| OF tie same kinl and character
| ARTICLE 1.-THE domicile of this col.
Poraton snail be IN the city OF New Orleans,
State Of Louisiana
| ARTICLE III.-The objects and purposes
Tor which this corporation is organized and
TIE nature OF the business to be carried on
by II are hereby declared to be: Il
own, lease, buy and sell lands and real
| estate and TO hold, improve and mortgage
| the same; to improve lands for general OF
! special purposes; to acquire and operate plan.
| tatIons, factories and refineres and TO sell
and lease the same; to purchase, sell. con.
| Struct, lease and operate saw mills, grain
elevators, canning factories and warehouses
and to operate switch tracks, railroads, barge
and boat lines in connection Herewith; 10 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, Gull
tlvate, 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, elsewhere; to engage in the
| business OF public warehouseman; to draw
make, Endorse bills OF exchange, promissor
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 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 thi;
corporation is hereby fixed at the sum OF
eight hundred and twenty-five thousand
(SS25 10000 Dollars, divided into twenty two
hundred and fifty shares of the par value Of
One Hundred (SlO0 Dollars each, which shall
be First Preferred Stock; five thousand
5000 shares OF the par value of One hun
bred $500 Dollars each, which shall be Sec
ond Preferred Stock, and one thousand QOOO
shares OF the par value Of One hundred
$500 dollars each, which shall be Common
Stock.
The First Preferred Stock shall be entitle,
to preferred dividends at the rate of six %
per cent. per annum on the par value thereof
to be paid annually, the said dividends t
be payable out Of the net profits which ma!
be realized by the corporation, and the SAT-
dividends shall be cumulative.
The Second Preferred Stock shall be en-
: titled to preferred dividends at the rate o
: five (sl per cent. per annum on the pa
, value thereof, to be paid annually, the sal
l dividends, to be payable out of the net pro
fits which may be realized by the corpora
iron, and the said dividends shall be cumu
lative.
The net annual profits realized by the cor
!, poration over and above the amount whic
! may be required to pay. during each year
the dividends due or the first and secon
preferred stock. as above provided. and afte
the payment of fixed charges and operatin
expenses shall be applied on the first day O
E February OF each year, beginning in 1919, I
the redemption of the shares Of second pre-
S ferred stock. at par, until the first day G
| February. when. he r
the dividends on the first and second pre-
ferred stock and the payment of all fixe
charges and operating expenses, the net ar
: nual profits shall be applied, first, to tn
redemption or retirement of the first pre-
{ ferred stock, and thereafter to the redemI
ton and retirement of the second pre-
ferred stock, as above provided, until the sal
outstanding first and second preferred share
shall be redeemed retired down to twenty
five hundred $500 shares of the aggregat
! par value of two hundred and fifty thousan
! (S25O,O0) Dollars, after which dividends ma
be declared on the common stock.
The entire issue of the shares of Firs
Preferred Stock shall be redeemed or retire
e on or before February l, 1925.
J, The shares of the Second Preferred Stool
:. to be redeemed or retired above provided
d shall be determined by lot, under regulation
to be adopted by the Board of Directors, an
S shall be redeemed or retired in not less tina
: the following amounts and on the followin
1919, February lst, $1,000; 1920, Februar
: LIST, $1,000; 1921. February lst, $1,000; 1872
i February 1st, $1,000; 1928, February 1st $40
600; 1924, February lst $4,000; 1925, Febry
AIRY LIST, $4,000; 1926. February lst. $1,000
1927. February lst. $4,000; 1928, February Is
v $4,000. 1929, February lst, $4,000; 1880. Eel
c ruary LIST, $4,000; 1881, February 1st, $4,000
y, 1872 February 1st, $4,000; 1888, February Is
!, $4,000
/. No dividend shall be declared on the con
= mon stock of the corporation unless and unit
s all of the First and Second Preferred Stoc
: shall have been redeemed or retired dow
= TO twenty-five hundred $500 shares and a
r of the cumulative dividends thereon paid.
As and when the shares of First and Sc,
:, ond Preferred Stock shall be redeemed
= retired, as above provided, such redeeme
. or retired shares shall be deposited with ii
6 Hibernia Bank and Trust Company, of Ne
!. Orleans, as Trustee, for the Evan-Bel
a Company, Inc. to be cancelled or held
g escrow until the whole issue If said shar,
= of said First and Second Preferred StoC
:, shall be redeemed or retired, whereupon Il
!. said shares of first and second preferre
: stock shall be delivered by the said Hibern
h Bank & Trust Co.. Trustee, to EvanlBel
n Company, Inc, to be cancelled convertt
!; into treasury common stock, and new certif
g Gates issued therefor, accordingly, TO be T
3 sold or distributed among the owners of Il
l. common stock, according TO their RESPECTIVE
" holdings.
n All shares of First and Second Preferrt
v Stock redeemed and deposited in escrow wi
Z the Hibernia Bank & Trust Co., Trustee,
i above provided, shall be subscribed to a
al roI ~