The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-10
CHARTER.


sists and others in like trades; in manufac-
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-
iaciure OF soft drinks.
ARTICLE IV.-The amount Of capital stock
IS hereby fixed at the sum OF one million
Isl 60 10000 Dollars, divided into ten thou
sand $4,000 shares, OF the par value OF one
hundred (SlOOW Dollars each, with the
five hundred thousand (S2.S00,OO0O) Dollars,
in the manner provided by law. Said stock
IS to be both preferred and common. There
shall be five hundred thousand (soouOOO)
Dollars OF preferred and i've hundred tnOu-
sand ($SOOO-DOO 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 cumn
lative rate of ten per cent, shall be pad
thereon. Net earnings of the company in
excess of the guaranteed dividend on pre-
ferred 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.-The management of the
business of this corporation shall be vested
in and exercised by board of not less than
three nor more than five Directors. The
number elected at first annual meeting shall
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 stakeholder at
his last known place of residence. The
election OF directors shall be by ballot, and
| each stakeholder will be entitled to vote
for each share of that class OF stock owned,
and a majority of all votes cast shall be
necessary TO election. Any vacancy oc-
curing in the board shall be filled by the
remaining members thereof. Immediately
| following the adjournment OF the first an
nual election, said board shall hold meet
| secretary and treasurer, and may elect one
or more vice. presidents; and all such Of.
| Ulcers shall hold for one year, and until
| their successors elected.
| ARTICLE NI.-The board of directors to
| manage the business OF this corporation for
whose post office address is Americas, Geor-
| ga; w. b. Stewart, whose post office adj
| dress is New Orleans, La; and X. A.
| Clark, whose post office address is Moultry,
| Georgia. They shall hold office until the
| second Wednesday OF February, 1920, or I'M
| til their successors are elected.
| ARTICLE VII.-These articles may be
| modified amended, this corporation ma
/ be dissolved when a vote of three-fou OF
| the capital stock represented at a general
| meeting held for that purpose. after thirty
| days previous notice shall have been given
| in two more newspapers published in the
City of New Orleans and the City of Shreve-
port, said State, shall direct.
| ARTICLE NIII.-On the dissolution of this
| corporation by any method known to law,
| its affairs shall be liquidated by three com
| missIcners. elected by the stockholders at
| meeting called for that purpose, after thirty
| days previous notice shall have been given
| by advertising in two or more newspapers
| publ shed both in the City of New Orleans
i and the City of Shreveport, said State a
| majority amount of the capital stock of the
| corporation shall be required to elect each
| share being entitled to one vote in person
| or proxy. Said commissioners shall remain
in office until the affairs of said corporation
| stall have been fully liquidated and in
| case OF death OF one or more of said COM
| rissioners, the vacancy shall be filled by
| the votes of the surviving commissioners.
| ARTICLE IX.-No stakeholder shall ever
be held liable for the contract fault or de-
| fault, OF this corporation in any manner, or
| n any further sum than the unpaid balance
| due on the shares of stock owned by him;
| any mere informalities in its organization
| shall not render this charter void, shall
it expose any stakeholder to any liability
| beyond the amount due on this stock
ARTICLE A.-Ihis corporation shall have
| power and authority TO enjoy succession
/ by Its corporate name for the period OF
| ninety nine years; and it shall commence its
/ business operations as five thousa nd
| 5000 shares of the capital stock shall have
| been subscribed for, and fifty per cent. OF
| that subscribed for shall have been paid in
| ARTICLE M.-The boara of directors shall
| have power to establish stock transfer agen.
| cies in the City of New York, New York
| and in the City of San Francisco, California
under such reasonable regulations as may
| be prescribed.
Thus done and passed in the City of New
Orleans, said State, in the presence of George
| II. Terriberry, 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
| L. Rice.
Original Signed Names of subscribers
| omtted)
| w. w. YOUNG,
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
| Winnsco Company, Incorporated, was this
day duly recorded in my office, in Book 1928
| Folio l9o
New Orleans. March 18th, 1919
| .(signeG EMILE J. LEONARD, by. R
true copy.
W. w. YOUNG,
Notary Public.
March %; Apr. 3; May /.