The herald. [volume] (New Orleans, La.) 1905-1953, 1919-11-06
CHARTERS.


require, and may Xix their compensation,
having due regard to the nature, charac-
ter and value of their services. 1t may
make and establish bylaws, rules and
regulations not inconsistent with this
charter or any existing law, fixing or al
terlng the management of its property,
the regulation and government of its af
fairs and the manner of the certification
and registration of its stock. 1t may
wind up and dissolve itself or be wound
up and dissolved in the manner prescribed
by law. 1t may conduct business i'll this
State. other States, the Federal Districts,
| the Territories and possessions of the
| United States and any foreign country. 1t
| shall have the power to invest its Board
of Directors with all of its corporate pow
ers, subject to such restrictions as may
| be named in this charter. And it gener
! ally shall possess all the powers, rights,
| privileges and immunitieS which corpora
| lions are and may hereafter be authorized
| to possess under the constitution and laws
| of this State, and particularly under Act
| No. 267 of the Acts of the General Assem-
| bly, of the State of Louisiana for the year
1914.
| ARTICLE 1.-THE domIcile of this
| corporation shall be at the City of New
| Orleans, Parish of Orleans, State of Lou
| isiana.
| ARTICLE III-This corporation may
carry on its business and establish offices
in the State of Louisiana, any States
| or Territories of the United Staes, or any
| foreign countries, and the objects and
| purposes for which this corporation is
, formed, and the nature of the business to
be carried on by it, are hereby declared
| to be:
"a To create, apply for, obtain, register,
purchase, lease, or otherwise to acquire,
| and to hold, own, operate, distribute and
| introduce, and to sell, assign, or otherwise
| to dispose of, any trade marks trade
| names, patents, inventions, improve
| ments and processes used in connection
! with secured under letters patent of
| the United States, or elsewhere or other
wise, and to use, exercise, develop, grant
| licenses in respect of, or otherwise to turn
to account any such trademarks, patents,
! licenses, processes and the like, or any
| such property or rights.
90 To manufacture, construct and deal
| in machinery, appliances and plants of
every nature, kind and description what
| soever; and particularly, to manufacture,
construct and deal in tiltering mediums
used in the manufacture OF syrups, mo
laSseS and sugars from sugar cane, beets
or other raw products used in the manu-
facture of sugar. To acquire by pur-
chase, lease or otherwise, and to manu-
facture and construct machines of any
kind or character, and to equip, erect and
install the same for use and operation by
electricity, compressed air, oil, gas, or by
other means of motive power, and to oper-
ate, use, sell lease and hire the same.
And also to carry on gneral manufac-
turing, wholesale and retail merchandise
business.
(3) To enter into, make, perform and
carry out contracts of every kind and ma
ture not contrary to law, with any per-
son, firm, association or corporation, and
to carry on any other business which I'M
der the law it may be entitled to carry on,
which may seem to the corporation to be
calculated, directly or indirectly, to effect
the aforesaid objects or either of them,
or to facilitate 1T in the transaction of its
aforesaid business or businesses, or any
part thereof, or in the transaction of any
other lawful business that may be calcu-
lated, directly or indirectly, to enhance
the value of or to render profitable, any
Of the corporations property and rights,
and generally to hold and exercise all
such incidental powers and privileges as
relate to the objects and purposes here
inaboye Sc forth, or as may be necessary,
useful or convenient for effecting said OBJ
jects and purposes.
ARTICLE IV.-The authorized capital
stock of this corporation is hereby declar-
dollars ($20,0OO.00). The presently au-
thorized capital stock of this corporation
shall be represented by two hundred
(2OO) shares of the par value of one hun
dred dollars (SlOOOO each. The said
capital stock shall be represented by GER
tifcates. and shall be personal property,
and shall be fully paid and worcestershire
when issued. No transfer of said capital
stock shall be binding upon this corpora
ton unless made in accordance with its
charter and bylaws and recorded on the
books thereof.
OF the said capital stock of twenty thou
sand dollars $50, OO0.00), it is now agreed
among the stockholders hereof that ten
thousand one hundred dollars (S10,1OOl
of said capital stock shall be subscribed
AL M Vol rrln n
street, New Orleans, La, and that the
said L. J. Martel shall pay for said stock
by transferring to this corporation all of
the patent rights or interests which he
might have in certain patents which have
been applied for for the filtration of sugar
solutions. juices, syrups, etc, used in the
manufacture of sugars; that said patent
has not been issuer, but is in the process
of issuing, and that the caveat has been
issued by the Patent Office and Is num-
now declare that the value of said patent
rights are appraised at the sum of ten
thousand one hundred dollars (S1O.1OO.OO)
and the said stock shall be issued to the
said l.. J. Martel upon his transferring
said patent rights. and said stock shall
be considered as fully paid for.
ARTICLE y-The business of this cor
poration shall be managed and all the
corporate powers thereof shall be vested
in and exercised by a board or not less
than three 81 nor more than seven W
directors. to be elected from among its
stockholders. and a majority of the di-
rectors, either present in person or repre-
scented by proxy, shall constitute
quorum.
ARTICLE vI-The first Board Of Di-
rectors of this corporation is hereby fixed
at seven %. and shall be composed of:
Donelson Caffery. whose postoffice ad-
dress is New Orleans, La; Louis j.
Martel. whose postoffice address is New
Orleans, La: Horace Wilkinson. whose
postoffice address is Port Allen. La. !;
Will TT. Price. whose postoffice address
is Thibodaux. La: Marshall Billeaud,
whose postoffice address is Broussard.
La: John D. Minor, whose postoffice ad-
dress is Houma. La: Henry n. Pharr,
whose postoffice address is Olivier, La,
with Louis J. Martel as president, John
d. Minor as vice president and George H.
Conrad as secretary treasurer. Said
Board of Directors shall serve until the
first meeting of stockholders for the cleo
ton of officers, or until their successors
are elected and qualified.