The herald., 1919-04-24
CHARTER.

sists and others in like trades; in manutac
turing and distributing syrupS and soft
drinks and supplies of like kind and char
acter; and further, OF dealing generally IN
all kinds of merchandise handled by druggists
and by dispensers OF soft drinks; the buy
ing and selling OF various formulas used IN
the manufacture and, compromising of drugs,
medicines, and OF syrupS used in the manu-
| facturc Of soft drinks.
ARTICLE IN.-The amount OF capital stock
IS hereby fixed at the sum OF one million
| SlO,o.OppOO) Dollars, divided into ten thou
| sand l0,OIOl shares, Of the par value Of one
| hundred $4,000 Dollars each, with the
privilege Of increasing same to two million
| five hundred thousand tS2,5OD00cO Dollars,
| in the manner provided by law. said stock
| u be both preferred and common. There
| shall be five hundred thousand (S5J0pp0p)
| Dollars OF preferred and five hundred thou
| sand tS5t0,GOOO Dollars OF common. The
| preferred stock shall be entitled to vote in
all stockholders meetings and IS preferred
As to both dividend and asset and a cumu-
Iative rate OF ten per cent shall be paid
thereon. Net earnings Of the company in
excess Of the guaranteed dividend pre-
ferrcd stock shall be distributed between
preferred and common stock. The common
stock shall contain voting rights but shall
not participate in the net earnings Of the
company until all preferred stock dividends
shall have been paid
ARTICLE N.-Ihe management of the
/
in and exercised by a board OF not less than
three nor more than five Directors. The
number elected at first annual meeting shall
constitute the number for the year, all Of
whom shall be stockholders, to be elected
| at the annual meeting OF stockholders, held
on the second Wednesday in February Of
each year, beginning with the year 1920
SAID election shall be held upon ten days
notice duly mailed to each s;ockholde- at
his last known place Of residence. The
election OF directors shall be by ballot, and
eal., stakeholder will be entitled to one vote
Tor each share Of that class Of stock owned,
and majority Of all votes cast shall be
necessary to an election. Any vacancy oc-
| curing in the board shall be filled by the
remaining members thereof. Immediltely
| following the adjournment Of the first an
| nual election, said board shall hold a meet
| ing and organize by electing a president,
| or more presidents; and all such Of
| icerS shall hold for one year, and until
| their successors are elected.
| ARTICLE NI.-The board of directors TO
manage the business OF this corporation for
| the first year follows: II. p. Everett
whose post Office address Is Americas, Geor-
| gla; W. b. Stewart whose post office adj
| dress is New Orleans, La; and r. A
| Clark, whose post office address is Moultry
| Georgia. They shall hold office until the
| second Wednesday Of February, 1920 or un-
| til their successors are elected.
| ARTICLE NII.-These articles may be
modified or amended, or this corporation NAV
| be dissolved when vote of three fourths OF
| the capital stock represented at a general
| meeting held for that purpose, after thirty
| days previous notice shall have been given
| IN two or more newspapers published in the
| City OF New Orleans and the City OF Shreve-
port. said State, shall so direct
ARTICLE WILTON the dissolution of this
corporation by any method known TO law,
| its affairs shall be liquidated by three com
m'ssIoners, elected by the stockholders at
| a meeting sailed for that purpose, after thirty
days previous notice shall have been given
by advertising in two or more newspapers
published both in the City Of New Orleans
and the City of Shreveport. said State;
majority amount of the capital stock OF the
corporation shall be required to elect. each
snare being entitled to one vote in person
or proxy. Said commissioners shall remain
IN office until the affairs of said corporation
shall have been fully liqudated and in
case OF death OF one or more of said COM
PENSIONERS, the vacancy shall be filled by
the votes Of the surviving commissioners
ARTICLE lN.-No stakeholder shall ever
be held liable for the contract fault or de-
iauIt, OF this corporation in any manner or
N any further sum than the unpaid balance
que on the shares OF stock owned by him;
any mere infOrmalities in its organization
snail not render this charter void nor shall
It expose any stakeholder to any liability
beyond the amount due on this stock
ARTICLE N.-Ihis corporation shall have
power and authority to enjoy succession
by ITS corporate name Tor the period of
ninety-nine years; and il shall commence its
business operations soon as five thousand
loOo shares OF the capital stock shall have
been subscribed for, and fifty per cent. of
that subscribed for shall have been paid in
ARTICLE NI.-The boar. of directors shall
nave power to establish stock transfer agen.
cIes IN the City OF New York. New York.
and III the City OF San Francisco. California.
under such reasonable regulations as NAV
be prescribed.
mus done and passed in the City of New
Orleans, said State, in the presence of George
H. lerrlberry, and Frazier L. Rice, witnesses
OF lawful age, residing in New Orleans.
LOUISIANA, who hereunto sign their names
together with those of the incorporators and
my own name, as Notary on the date and
year first mentioned
Witnesses: Geo. II. Terriberry, Frazier
Original Signed (Names of subscribers
omitted)
w. W. YOUNG,
Notary Public
l. the undersigned Recorder of Mortgages.
| IN and tor the Parish OF Orleans, State of
Louisiana, do hereby certify that the above
ana foregoing act of Incorporation of The
Nlnnsco Company, Incorporated, was this
Gay duly recorded in my office, in Book 1928,
New Orleans. March 18th, 1919.
tSIgneD EMILE J., LEONARD, DIV. r.
| A true copy.
w. W. YOUNG,
March %; Apr, g. May l. ''~