The herald., 1919-01-02
CHARTER

| S.-To purchase hold, sell and transfer the
| shares Of its own capital stock; provided il
shall not use its funds property for the
| purchase Of its own shares Of capital stock
when such would cause any impairment
| OF its capital; and provided further that
| shares OF its own capital stock belonging n
it shall not be voted upon directly or indi-
rectly.
| L. To have one or more offices. to carry
on all or any Of its operations and business
| and without restriction or limit to amount
to purchase or otherwise acquire, hold, own
mortgage, sell, convey or otherwise dispose
OF real and personal property Of every class
| and description IN any OF the States, Dis
| tricts, Territories or Colonies OF the United
States, and in any and all Foreign Coun-
! tries, subject 10 the laws Of such State, Dis
trict, Territory, Colony or Country.
! ARTICLE IV.-The capital stock of this
| Corporation IS hereby fixed at Twenty-Five
Thousand Dollars. ($25,OO0O0, to be divided
| into and represented by Two Hundred and
Fifty (250) shares of the par value of One
! Hundred Dollars tSlOO) each, which shall be
paid for cash. or may be issued Tor property
actually received by the corporation at its
fair value. The capital stock may be in.
| creased up to the sum of Five Hundred
| Thousand Dollars (S500,COO).
ARTICLE V.-All the powers of this cor
poraton may be vested in and exercised by
| a board of directors composed of not less
! than three CO more than nine (9) direc-
| tors. The precise number of directors within
said limits shall be fixed from time to time
| by the bylaws. The board shall elect from
their number a president. vlce-presldent, a
! secretary and a treasurer, and such other
officers as they may think proper or convent
ent for the carrying on OF the company 5
business, and shall have the power to unite
two or more officers and to confer the same
on one person, or 10 dispense with any Of
flee in its discretion, and to fix the salaries
OF all officers, agents and employees The
Board of Directors shall be elected annu..
ally on the second Monday of January of
each year, the first election to be held in
the year of ninteen-twenty, 600. All such
elections shall be by ballot. at the office OF
the corporation. Notice of annual meetings
as well as special meetings of stockholders,
shall be given by written notice mailed ten
(lO) days in advance of the date fixed for
such meeting. to each stakeholder appearing
as such on the books of the company, at his
last designated address, or at the general de-
livery at New Orleans, if he has not desg
mated an address. Each shareholder shall
be entitled to one vote for each share OF
stock standing in his name on the books OF
the Corporation, said vote to be cast IN per-
son or by proxy, and the majority of votes
cast shall elect. The Board of Directors shall
have the power to fill all vacancies which
may occur or in any manner arise or be ere
ated on the Board even though quorum
remain at the time such vacancies are to
be filled Failure to elect directors on the
day above specified shall not dissolve the
corporation, but the directors then in office
shall remain in office until their successors
are elected. The board OF directors shall
have the power TO make and establish, as
well as alter and amend all bylaws, rules
and regulations necessary and proper for the
support and management of the affairs and
business of the Corporation, and not incon-
sistent with its Charter. The board shall
have the power, without referring to the
stockholders, to borrow, money, execute
mortgages, issue notes, pledges, bonds or
other obligations in such amounts and on
i.
such terms as IN their judgment may be ad-
vantageous, and generally do all things rea-
sonably necessary or convenient for the
proper carrying OF the business OF the
corporation. A majority of the directors
shall constitute quorum for the transac-
ton of business. At any meeting of the
Board Of Directors, any director absent from
the meeting may be represented by any
other director who may cast the vote of the
absent director according to the written in.
structions, either general or special, OF said
absent director. Until the annual meeting
in 1920 the first Board of Directors shall
consist of the following: Hal Richard Fine,
whose postoffice address is 3l4 Hibernia
Bank Building New Orleans, La; Ebert
Munsey Whitman whose postoffice address
is 3l4 Hibernia Bank Building New Orleans,
La; L. P. Crigler, whose postoffice address
is 5l4 Hibernia Bank Building, New Or
leans, La. Joseph NJ Blache, whose postof-
Lucas, whose postoffice address is 3l4 Hi
hernia Bank Building, New Orleans, La;
with Hal Richard Fine. as President; Joseph
NJ Bache, as President; L. P Crigler,
as Secretary and Treasurer
ARTICLE VI.-This act of Incorporation
may be changed, modified and amended, or
this corporation may be dissolved in the
manner provided by law, by vote of two
thirds of the entire outstanding capital
stock of all classes present or represented at
general meeting Of the stockholders con-
vened for such purpose, after a previous
notice shall have been given in the man
ner required to be given of the annual meet
ing of the Corporation. The capital stock
OF the corporation may be increased or de-
creased by proceedings in accordance with
the laws of the State of Louisiana.
ARTICLE VILE this Corporation shall
be dissolved, either by limitation or from
dated by three commissioners to be appoint
ed at the meeting of stockholders convened
for the purpose of liquidation, and to be
elected by the vote of all the stockholders
remain in office until the affairs of said
Corporation shall have been fully settled and
liquidated, and they shall have full power
and authority to transfer and give title of
ton, and to distribute the proceeds. In
case of death. disability or resignation of
one or more liquidators, the vacancy shall be
filled by the survivor or survivors. No
stakeholder shall ever be held liable or re-
sponsble for the contracts faults of said
Corporation in any further sum than the I'M
paid balance due on the shares of stock own
ed by him, nor shall any mere informality in
organization have the effect of rendering this
Charter null or of exposing any stakeholder
to any liability beyond the amount due on
his stock.
Thus done and passed at my office in
the city of New Orleans, on the day, month
and year first written above, in the pres
ence of Charles Leblanc and Will Moss,
competent witnesses, who have hereunto SUBJ
scribed their names, together with me, No
tary, and said appearers, after due reading of
the whole.
Original Signed Chas. Leblanc, Will
Moss. JOSEPH, SINAI, Notary Public
l, the undersigned, Recorder of Mortgages
in and for the parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing Act OF Incorporation, of the
Standard Stock Farms, Incorporated, was this
day duly recorded in my office, in Book
1913
(SigneD EMILE J. LEONARD, DIV. R.
Public.
Nov. 26; Dec. 5-12-19-26; Jan. 2.
BENTLEY STnDES IN