The herald. [volume] (New Orleans, La.) 1905-1953, 1918-09-05
CHARTERS.
ACT OF INCORPORATION OF
EvAN-BELLE COMPANY, INC.
State Of Louisiana, Parish of Orleans, CT


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. Fletcbinger, 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
1 the City Of New Orleans, State of Louisiana,
| and, awaiting themselves Of the laws of the
State of Louisiana and particularly of Act
| 67 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 as such persons who NAV
| 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 il shall have
| succession and enjoy existence for a period
OF ninety 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 corporate seal. the same to
| alter or break at pleasure, TO make all nee
| eSsSry rules and regulations for its corpo-
rate management and control; and il shall
have AVID enjoy. all the rights, privileges and
or may Hereafter be granted to corporations
OF tie same kinl and character
| ARTICLE 1.-THE domicile of this col
Poratlon shall be in the city of New Orleans.
State of Louisiana
ARTICLE III.-The objects and purposes
the nature Of the business to be carried on
by II are hereby declared to be: 10
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
tations, factories and refineries and to sell
and lease the same; to purchase, sell. con-
struct, lease and 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, Gull
| tivate, 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 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, promssory
| notes and to issue bonds. to sell, assign,
| transfer, mortgage, pledge or otherwise dis
pose OF bonds, securities 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
/ Tar -.
eight hundred and twenty-five thousand
| tSS25,OOOO) 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
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
Stock.
The First Preferred Stock shall be entitled
to preferred dividends at the rate of six 90
per cent per annum on the par value thereof
| 10 be paid annually, the said dividends 10
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 OF
tive CSl per cent. per annum on the pal
value thereof, to be paid annually the said
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 which
may be required to pay. during each wear
the dividends due on the first and second
preferred stock, as above provided. and after
the payment of fixed charges and operating
expenses shall be applied the first day Of
February of each year, beginning in 1919 tC
the redemption of the shares of second pre-
terred stock. at par, until the first day Of
February, 1925, when, after the payment o.
the dividends the first and second pre-
terred stock and the payment of all fixed
charges and operating expenses, the ret an
nual profits shall be applied, first. t. the
redemption or retirement of the first pre-
terred stock, and thereafter to the redemp
tion and retirement of the second pre-
ferred stock, above provided until the saic
outstanding first and second preferred share:
shall be redeemed retired down to twenty
five hundred $500 shares of the aggregate
par value of two hundred and fifty thousand
ls250,oOO) Dollars, after which dividends may
be declared on the common stock.
The entire issue Of the shares of FRS
Preferred Stock shall be redeemed or retired
on or before February !, 1925.
The shares of the Second Preferred Stock
TO be redeemed retired as above provided
shall be determined by lot, under regulation.
to be adopted by the Board of Directors, and
shall be redeemed retired in not less thar
the following amounts and on the following
dates, to-wit:
1919, February lst, $1,000; 1920. February
Isl, SlO,OU; w, February .lst $1,000; 1922
February LIST, $4,000; 1923. February LIST. Sl0
900; 1924, February lst, $4,000; 1925, Febru
airy LIST, $4,000; 1926, February lst $4,000
1927, February LIST, $4,000; 1928 February 1st
$4,000. 1929, February LIST, $4,000; 1890, Feb.
ruary lst, $4,000; 1881, February LIST, $4,000
1872 February lst. $4,000; 1888, February LIST
$4,000
No dividend shall be declared on the com
mon stock of the corporation unless and unit
all of the First and Second Preferred STOCK
shall have been redeemed or retired dowr
TO twenty-five hundred $500 shares and al
OF the cumulative dividends thereon paid.
As and when the shares of First and Sec
ond Preferred Stock shall be redeemed OF
retired, as above provided, such redeemed
or retired shares shall be deposited with tn,
Hibernia Bank and Trust Company, of New
Orleans, as Trustee, for the Evan+Bell,
Company, Inc, to be cancelled or held il
escrow until the whole issue il said shares
! of said First and Second Preferred Stool
shall be redeemed or retired whereupon tn,
said shares of first and second preferret
stock shall be delivered by the said Hiberni;
J Bank & Trust Co, Trustee, to Evan BELL
| Company, Inc, to be cancelled or converte,
} into treasury common stock, and new certifi
Gates issued therefor, accordingly, to be re
J sold or distributed among the owners of tn
J common stock, according to their RESPECTIVE
holdings
: All shares of First and Second Preferre,
! Stock redeemed and deposited in escrow wit
: the Hibernia Bank & Trust Co., Trustee, a
above provided, shall be subscribed to al