The herald. [volume] (New Orleans, La.) 1905-1953, 1919-11-20
CHARTER.
Of PALFREY-yLLERE EA-
1EE6oMpANY, INCORPORATED.

Tshth day Oh md nine hundred and nine
Iord one tno po Independence of the united
ten anu America the one huhurso ana
states ,ourth, before me; a. and for the
eneariDg, iaons State of Louisiana, duiy
parish OF "a and qualified, ana III tne
eomnls ~ the witnesses herelnal.ei I'm IN
presencss arsigned, personally cant anu be %p
and uII the parties VINO na,.a declared
peareu ,hsrribed who several! isinns
INTO suD.'ss.,,, them selves of the proVlslohs
hat avalnne ~ this State relative 10 tne
Of the ION of corporations III us +bora
erganIilaorr anization ana lorIha nlr.nad ond
ana NOV have covenalee oronant agree and |
40 by thee, as well as such other PEI,
hind the nav hereafter become asso , n,,S
sons NJ Nh or their SUCCESSORS, " nnI;tie in |
with In, my, a corporation OF pouS and nm
eonsIto Tor the objects anu limitations follow
Ing toWiIE 1.-The name ana yS S1yre ~
ARIi.;nn shall be Palfrey- Nllie ~ npme
eorponnv Incorporated anu os 70 exist
COMPANY, 1--WE power and authority u e nd
Il sail ha'e,,rpcession for the full term anu
and ENJOY ninety nine years cohii. ILL the
period, " " he computed from anu ai'eA Inv
On al and day hereof so,,ic,,a of this cor
date anr 1.-THE domIcIe o Nv Or
AKIN shall be in the CiI f e G and
poration, 20 Of Louisiana: All eltatloiS am
bans, state rocess shall be served upon
ether legai Of said corporation; OF, III
the Presioehh sence or inability to act, upon
case o. a. President; or, IN the nnd vice
thes, n Of both the rre nn the Secretary
resident to act 'n'"
Of this e.os;dent shall be the eXecutlVe on =,
the his corporation; he shaii preSiN' "'
Ger Of ss Of the Stockholders; ou nros;da
neeunss b airman of the Board shaii pi
The Cna 81 the Board of Directors.
At meeting' III-The objects and purposes
ARTil;D tbis corporation is estabhsheu
for WI nature of the business W no as
and tne nv il are hereby deeiareu rs ~ in
RED on " ,s,;t. To represent persons, IA a.
folows. town, firms and others In
diyiduals, n,ber country as agents OF rep
this OF a.! or in any capacliy uesirS a.
resentan5 sell commodities OF eNeLs c.
to psf ,n for domestic dlstrlouttaII1n al, of
scripuoh 90 acquire and UNDERTAKE ,:h;H
export; y, The business, assets ana hapIn
any part VI narsou. firm, association OF coL
ties OF any Tho same or similar business:
poraI.ohase. acquire, hold anu .bar nhIipa.
70 p.octs bonds, moneys OF .n,rornment
the stoch, anr corporation or go'eIhien iii
tons Oh M freirn; to do any anu ~. an
domestic " cot forth in this article TO tn1
things w. and as fully as any na.ui t a,
same light do and in any anu al, ~ "a ar
persSo world; to enter INTO ntyyocts of
Of the wot mn to accounts contracts u
otherwise 70 have and MAINTAIN oiIic .t
every hln S without the State, and IN SCUM
within anu rantraI America, uba anu o'hei
Amei. in general to carry on SUI un snch
eouhtii and enterprises ana 70 uo az 49, no
e ersans in connection therewItn and
things IA nv the laws of Louislana, at at
permltteu ~ or convenient in the cohuu i,
be ceSssnneny's business, ana geherant.
OF tne eli things necessary OF ". oe This
70 uuuonerly conduct the Dusihes'
eo rPsTTaItr1YYIE Iy-This corporation may o SHe
Ak ha sned in its corporate name; ho ond
anu receiye. purchase, convey, onoi and
ma lease and enjoy rear p,nnav and
s SUI property; also borrow Notes Notes and
mheu pner. make and issue NOUS ant Of
lend monty contracts; receive grants VI
bonus, ~ personal property, anu ne ne.
Mn' a corporate seal, the SAM 49, m
ana ,noet at pleasure, but the laIiu nt ,bo
Sa,e seal shall not invanea'e nnorotion
nav nav a. proceedings of TINS COT 9;roctors
acts OF pannoint such managers, dlrectors
namf anu .,arks and agents as the lnleres.
s convenience of said corporasionf N M
anu ,.s. and through its boaru Vi Tvs
reetors make and estaniis tha nroper man.
rules rules. ra and regulation of the analrs -,
age en.noration as may be necessary an ~
ssn same TO alter and change a. pnwars
.md shall possess all the rlgn.s.,, pU" or.
anu n,iv;,eges to which corporatl0ns ar =,
and prthm s nv any general law or laws o.
m Sac authorized and entitled TO pos
.n III. said corporation may eHelS .at.
sesNo-ate mowers within any otheF St ST.,
a. territory in the United states, OF i'iee'
arr that shall permit the same;
eo unT,I .r vWThe capial stock of this cor
..n,inn "a hereby fixed at the sum OF .s,
ssausand and 00t100 ($lO,OoO;oVl 20 an,
sssnresented by one hundred shares y. a ""
hundred and 00-10o l$loo.oTl mo ha nayabl
All stock subscribed for shall De pas nnn
:. ar .rch time and on such terms ana con
ss,;sns az the Board Of Directors may Iron
time 70 time Ak and determine IN eaen pa q
| sirular case or by general reso.u'i oa-,,f;
he Board Of Directors may ,sn Of nrop
s,.v 4, goods actually delivered to TINS coa
n.s.t;nn ar for services actually renGere'
"a II. or for right, privileges OF Iran ant an
Transferred to 1t, the valuation III eaef IN m
stance to be agreed TO by 'n s,i, and ina
recors which shall nave iuh anu
ssia capitai stock may be increased
,hs snm Of two hundred thousand an
0-1O0 $500, 0O000) dollars In tne HS Stat.
nroyided for by the laws of TINS SAY SAY
WSsrsve, an increase of said capital stoc
shaiI have been authorized or unsoid stoc
,ssnsd ten DAYS written or printed hu,l1
shall be given to each stockholder Will IN;
which time persons holding stock IN I'll,
corporation shall have the right TO SUI
scriha for said increased stock or addl
uouai issue of stock in proportion 20 On
number Of shares of stock then helu
them, and which additional shares shaiI U
paid for as the Board of directors t hm
direct, After the expiration OF SAID tinl
the Board Of Directors may dispose Oh tn
shares not taken, for the beneht OF tn
Company, In such manner and on sue
terms and conditions as they may thin
proper. =.
Dividends shall be declared on u
amount actually credited on the eaPitI.
stock without regard to the amount su,
scribed for. Dividends accruing TO stocl
holders who owe any portion OF any stoe
subscribed for by them shall be credited
such unpaid subscription until the III
amount OF all stock subscribed for by sue
stockholders shall be paid In full. sue
credit Of dividends shall not In any ma
ner relieve such stockholders from the pa a;
ment Of calls on such subscription, but Il
credit Of such dividends shall be in exce
Of the calls on such subscription to stoc
Interest at the rate of eight per cent p'
annum shall be charged on the UNPAID po
tion Of calls on stock subscribed for 1ro
the maturity Of each call.
II any installment or installments
stock subscribed for should not be pa
within thirty DAYS after the same shall b
come due, such stock and the subscr1pti'
hereto. together with all insallments pa
mefeon, may be forfeited to the CompaI
~ resolution Of the Board of Directo
Without furthes notice or proceedings;
ne Board Of Directors may hold the su
uefefof and take legal proceedings to &C
ect the installment or installments d
mereon. The Company shall begin oper
uon % soon as fifty shares Ct the capt.
eock are subscribed for or disposed
- al elections by or meetings OF I
Nockholders, each share Of stock, wheth
pe1d for in full or not, shall be entitled
whose name the stock appears on
oeoke Of this corporation at the time