The herald., 1919-12-11
CHARTER.
PALFREY-vILLE:EEEE Be- Ex
MABTEko VI INCORPORATED.

ssus. Be october in the year Oh our
,isbtb dsy, onsand nine hundred anu - nin {
Lord one ~ the Independent y, and {
ieen sn Of America the me one James zacharie
sssty- fourth >-otarv Public, in ana 1or tne
Soaring. a,aons State of Louisiana, ouIy
parish OF oOad and qualihed, anu named
copnnlssss Of the witnesses isII came and an
Undersigned; per wSo names are here
nsared the pihod who seyerally ueclaIeu
INTO subscI themselves of the provisiV.hs
hat availllis Of this State relative 10 ate
Of the a h Of corporations 10 there
srganizaiorna anization and formation a ah end
Il md the organ organ coyenanted and agreed anu
n. they nav nresents covenant, agree anu
AZ by tines, ros as well as such other PEI
bind themS nav hereafter become fosn, and
sons VIM WIN, or their successors, ~ nnljtic in
With them a corporation or pouy po md nm
Institute eobiects and purposes ana un-
- for the out and stipulations foiioW-
ser the agree"
,re. tOwit; Tho name and style Of this
| ARTILE lhoil he Palfrey- where EAPoIo
eorporau'I Incorporated, ana Wy 90 list
COMPANY, ve mower and authornns .aru and
| u ssII ,oS succession Tor enr ' commencing
ss,iod OF nih no9 nuted from and AFTER the
and to be co,npf
date ana u"' ~ The domicile Of this cor
ARTICLE no in the City or New VI
| oaration shsii uonisiana. All citations anu
| Vans, stasII process shall De seanu or In
ether .mss;dent of said c1 hiI;ty 70 act, upon
pse of his aDseIht mr.. in the absence or
ne vice 18th the President ana W.
liability OF o 90 then upon the Secretary
3 his Company. oil no the executive ofi-
The n corporation; ne shaii
eef Of VIE of the Stockholders; hall nreside
The Cnali Of the Board of directors,
At meeting ITI.-The objects anu p ui
Ak iih this corporation Is 10 he ear
for when IRE of the business TO ot %
and the nat a. ore hereby declared 10 De aS
RED on py IL. To represent persons, ~
follows, 'oornorations, firms ana o'nei e. M
dyidual,, other country as astn's aos;rod
this =, or in any ,,.ad nf every de-
to buy ana domestic distribution or Iof
scription lo,.couire and undertake an ,U "a
export; W tha husiness, assets anu hooi
any par, ,v nerson firm, assoclalion oineSs
ties 81 oion IN the same or siilIaai a;snnse of
70 purchase aea moneys or other obHga-
the stocks, corporation or goSerh,ieniii,
tons OF ar' freien; to do any anu a.. az
domestr al set forth in this artlcie ~
things nU and as fully as any na rarts
sams might do and IN any carry out or
person ,~o1id: to enter into, cary NJ
Of the woi,u To accounts contracts OF
otherwise tu n have and maintain OFFICES
every kins uitbout the State, and IN SCUM
within anu Central America, uba ana o'ner
Ame s.r;ss. in general to carry On a. oT snch
spstions and enterprises er r as may be
things IN ~ the laws of Louisiana, any
pernltteu mr. convenient In the conuI n,.
be Comnany's business, ana s emoi
o. AZ oil things necessary y, of This
y, ~ nroperly conduct the ouSine
cO,poTTSItGlgIE Iv-This corporation may So SSt
AN M sned In its corporate naiiIe h ond
sha receiye. purchase, convey, nI and
nav nav sase and enjoy rear, pe nnav and
mixed property; sa als and Tissue issue notes and
lenu hiVm nota contracts; receive grants u, ~
bonus, Of personal property, ana in ita,
lahu a corporate SEAL the SAM -; " r.
anu h.ost ut pleasure, but tne iariu nf tbs
S ~ a seal shall not invahaa'e o an
nav q, proceedings OF TINS cur pp:nootors
acts y, nd pannoint such managers, dlrec.ol s
name a"u clerks and agents as the ih'eIeS
o nI conveniepce of said corpora,ioe M
anu and through Its boaru
rsctors make and estabils H. su nroner man
rs,es and regulations for the propsss a;rs q
ruies ant and regulation OF the analrs -
age"e enn..norat;on as may be necessary am
s slu sne IN alter and change at pieasui.
.na shall possess all the rights, -" :
ana privileges to when eorp ,'D az laws a
st n s;ate authorized and entitled TO pos
Wis Soid CORPORATION may eAercisS
sess mowers within any other ot on;
J, territory in the United states, OF ioieie
eounry that shall permit tne san Of This co,
.n.ian "a hereby fixed at the sum 0, We
pasond and 0O-lOO (S10,0OO.OO) doilar
an,esented by one hundred snares vi o
hnndred and OO-100 ($100.O0) dollars eab
All stock subscribed for shan DC ap pd' cor
a. such time and on such terms anu 80 -,
st,,"ns as the Board of Directors may ITO,
.;rao 70 time fix and determine In each pa
ticular case or by general resolu'iom,, al
the Roard of Directors may Issue go ra,
Gates Of paid-up stock in paymen. o y, pt cn
srtv ar goods actually delivered TO inns eo
un,.t;on or for services actually renGert
y n AZ for right, privileges or franchis =
conferred to it. the valuation IN eacn n ~
stsnee 10 be agreed to by the Board Oh u
recors which shall have fun ana IN
s.,a csnital stock may be increased
ths sum Of two hundred thousand al
0O.100 $500, 0O0y00) dollars In the nnS sna,
provided for by the laws OF TINS St So
Whenever an increase of said capitai sto'
shall have been authorized OF In not;
sbau he given to each stockholder Win
which time persons holding stock IN u
corporation shall have the right TO su
scribe for said increased stock or au.
tOnai issue OF STOCK III pIopoh 49, :,
rrmher Of shares Of stock then held
Them. and which additional shares snail
naia for as the Board of Directors m
direct. After the expiration of said III J
the Board of Directors may dispose oi
shares not taken: for the peheht OIL sn .
Company, In such manner and on su
terms and conditions as they may Uni
proper. ,
Dividends shall be declared on
amount actually credited on the capl
stock without regard TO the amount su
scribed for. Dividends accruing TO $40.
holders who owe any portion of any ste
subscribed for by them shall be credited
such unpaid subscription until the /
amount Of all stock subscribed for by 81
stockholders shall be paid in full. 81
credit Of dividends shall not in any mi
ner relieve such stockholders from the y,
ment Of calls on such subscription, put
credit Of such dividends shall be in exc
Of the calls on such subscription to sto
Interest at the rate of eight per cent
annum shall be charged on the unpaid ?
ton Of calls on stock subscribed Tor 1T
the maturity Of each call.
II any installment or installments
stock subscribed for should not pc p
within thirty days after the same snail
come due. such stock and the subscrlpt
thereto, together with all insallments p
thereon may be forfeited to the Comps
BY resolution Of the Board Of Direct
without further notice or proceedings;
the Board Of Directors may hold the s
seribef to said stock personally respons1
therefor and take legal proceedings to
lect the installment or installments
thereon. The Company shall begin opt
ton as soon as fifty shares of the cap
stock are subscribed for or disposed
At all elections by or meetings of
stockholders, each share Of stock, whet
paid for In full or not shall be entitled
one vote, to be east either by the per
10 whose name the stock appears on
books Of this corporation at the time
the voting NV hts oOant nr ur0yy- q