The herald. [volume] (New Orleans, La.) 1905-1953, 1919-11-13
CHARTER.
OF PALFREY-yILLERE En-
~aRTEk vpaNY, INCORPORATED.

vsps. pc Of october, in the year OF our
Sfhth ga; ,ousand nine hundred ana niue
Jsrd one ~ the independence OF the Chi.e1
10 anu :, America the one hunur Euoha anu
wtJ fourth Notary Public, in and for the
ssesring, 6o-iesns. State of Louisiana, duly
nfsh Of o ia and qualified, and in the
supisslon.hh o witnesses hereinafter named
sesenee ols;gued. personally came and APP
I'D n'he narties who names are mere
ysred ,hscribed who seyerally declared
lsto ssaiIing themselves OF tne pro- lsiV ti,o
| Ast avsliine of this State relative TO the
4 the laws CORPORATIONS in his state
rssnizslon AVIATION and formation there
"a the OF sra coyenanted and agreed ana
a. they n sa nresents covenant, agree ana
| 10 By theset ,ies AS well as such other per-
Spd then nav hereafter become associated
eons VIZ VIZ, or their successors 10 IoIni anu ~
siib , ar corporation or Douy poii5iI I'm ~
sens1s or the objects ana p uIpi foIIow-
y, Vine s agreements and S'ipuia'ioHS i'i''"
sse towit: r,o name and style of this
| ARTlbh hall he Palfrey Villere Export
esrporatlonI ncorporated, and by that name
COMPANY, mower and authority to exist
| Il sail ps' s,rcession for the full term ana
md enJo;t ninety mine years coihhlehcihs
F.a TO be computed lroih anu "i'ei ''
and day hereof. ,.,,o 90 .bis cor-
,ARTlCLha he In the City of New Or
porstion snn az Louisiana. All citations and
hsns, stasI nrocess shall be served upon
sber Rs.aant of said corporation; or, In
be Presio ahsence or inability to act, upon
ase o. III president; or, in the absence or
he Ny of both the President ana wee
nsp'iasnt 10 act, then upon the SecretarS
= his Company. =, In +bo oxacptive off
| The rI,eHsanrnoratiOn: he shall preside at
of .s;,ss Of the Stockholders
. neeiingss s,rman of the Board shall preside
ihe .ings of the Board of Directors.
msTr,TE UI-The objects and purposes
Ana,h;ch this corporation is established
pf ~ nature of the business 10 De car
~ "a an BY 1t are HEREBY u ectir . " ue a"
nea VI towit: To represent persons, IN
fclomsis corporations. firms and others in
dNiuuar other country as agents or rep
nn y, .ir:s mr. in any capacity desired !;
rsen.a IA soil commodities of every de-
p.pai Tor domestic distribution or for
np,t. TO acquire and undertake. an OF
nsrt Of the business, assets ana haDlil-
~, N any person. firm, ASSOCIATION or cor
p..;on in the same or similar business /,
pol."base acquire. hold and dispose OF
P.oSts bonds, moneys or other oDllga-
ne W any corporation or government,
upo.tic or freign; to do any ana all
aomesN not set forth in this article to the
nss .ytent and as fully as any natural
s..son might do and in any ana all parts
y tSs world; to enter into, carry out or
.thsrwise turn to accounts contracts Oh
oInel lind. m have and maintain offices
an; and without the State and in South
sns,ics Central America, uba and other
a.n.t,,es. in general to carry on such OPP
.s,c6s and enterprises and to do all such
As.gs IN connection Herewith as may be
uss,,,sd nv the laws of Louisiana, and
= necessary or convenient in the conduct
n the Company's business, and generally
"a DO all things necessary or convenient
~ nroperly conduct the business of this
eorporati0n. "
article Iv.-This corporation may sue
,ad be sued in its corporate name; hold,
AVE receive purchase, convey, lease ana
nh. lease and enjoy real, personal and
mired property; also borrow money and
lind money; make and issue notes and
bsnds: make contracts; receive grants of
j,nd or of personal property, and make
saS use corporate seal. the same to alter
A. break at pleasure. but the failure to
isre a seal shall not invalidate any of the
ats or proceedings of this corporation
nme and appoint such managers. directors,
ssjeers. clerks and agents as the interest
and convenience of said corporation may
reouire; and through its Board OF Di-
,setors make and establish such bylaws,
,eement and regulation of the affairs of
,,id corporation as may be necessary, and
IN same to alter and change at pleasure.
and shall possess all the rights, powers
spd privileges to which corporations are
u may be by any general law or laws of
Ills State authorized and entitled to pos
sss Said corporation may exercise It's
corporate powers within any other State
uierritory in the United States, or foreign
tounry that shall permit the same.
ARTILE V-The capial stock of this cor
perstion is hereby fixed at the sum of ten
thousand and 00-100 (s10,00000) dollars,
represented by one hundred shares of one
hundred and 00-100 ($100.00) dollars each.
All stock subscribed for shall be payable
1t such time and on such terms and con-
titions as the Board of Directors may from
tine to time fix and determine in each par
ticular case or by general resolution, or
the Board of Directors may issue certtf1-
Gates Of paid-pp stock In payment of prop
srty or goods actually delivered to this cor
poration or for services actually rendered
TO II. or for right, privileges or franchises
transferred to IL, the valuation in each in
stance to be agreed to by the Board of Di-
rcors which shall have full and final
power to do so.
Said capital stock may be increased to
the sum Of two hundred thousand and
Mloo S200000.00) dollars in the manner
provided for by the laws of this State,
Whenever an increase of said capital stock
shall have been authorized or unsold stock
issued, ten days written Tor printed notice
shah be given to each stakeholder within
Which time persons holding stock in this
corporation shall have the right to sub
erlbe for said increased stock or addi-
nonsl issue Of stock in proportion to the
number Of shares Of stock then held by
mem and which additional shares shall be
pad for as the Board of Directors may
direct After the expiration of said time
TIE Board Of Directors may dispose of the
mares not taken, for the benefit of the
oempany, in such manner and on such
efns and conditions as they may think
proper
dividends shall be declared on the
amount actually credited on the capital
aosk without regard to the amount sub
snoed for. Dividends accruing to stock
s ss VINO owe any portion of any stock
subscribed for by them shall be credited ia
aen unpaid subscription until the full
sMyuht OF all stock subscribed for by such
s1sheiders shall be paid in full. Such
ssaN Oh u1yfdends shall not i'm any man
~ relieve such stockholders from the pay.
80, oI calls on such subscription. but the
ssh OF such dividends shall be in excess
me esis on such subscription to stock
mum shall be charged on the unpaid nor
uon o. calls on stock subscribed for from
- maturity Of each call.
~. any lhstailment or installments or
ma. subscribed for should not be paid
49, ..a tnirty days after the same shall be.
Hsss,aa ue such stock and the subscription
$3.50 together with all insallments pai6
y ,sss, may be forfeited to the Company
siis,s e e Of the Board of Director.
H. Ros, iaultner notice or proceedings; OF
e uOsr to said stock. personalIy resnnns;hI,
; ,ef and take legal proceedings to col
49,. ,nstallment or installments du,
q. ~ Inc Company shall begin opera
asrt soon as fifty shares of the capita
Il A, subscribed for or disposed of
asiho s,ecuons by or meetings of tn,
M -, a. each share of stock. whethe-
~ yota \. iI III or not, shall be entitled {,
: vAoss n. oe cast either by the person