The herald., 1919-11-06
CHARTER.
,TyR OF PALFREY-yILLERE En-
CHAknT COMPANY, INCORPORATED.

AQV
eighth ua; ;bousand nine hundred and nine
Lord one ~ the Independence of the United
teen anu " America the one Hundred ana
states ~ before me, James Zacharie
ironlansripg. Notary PUBIC IN ana Ior une
spesef orleans, State of Louisiana, duly
PARISH oioned and qualified, and in the
commlso "a tho witnesses hereinafter named
archaeological. personally came and ap-
and u the parties who names are here
pea, subscribed, who seyeraliy declared
unto sizing themselves of the provisions
that H dau,s of this State relative to the
Of inc %on of corporations in his State
orgahata oroanization and formation there
and tne have covenanted and agreed and
o. nv these presents covenant, agree ana
90 y! Lamselyes as well as such other per-
bino sn NAV hereafter become associated
sons W., or their successors, to form and
with an a corporation or body polite in
eonst or the objects and purposes ana un-
law, .he agreements and stipulations follow
ing tT DHrE 1.-The name and style of this
MILAN shall be PalfreyVillere Export
eolposny. Incorporated, ana by that name
COMP bava mower and authority to exist
nnioy succession for the full term and
sn .,od Of ninety nine years commencing
~ and to he computeu lroli anu dllei INC
~ w." and day hereof
da.snTIcTE 1.-THE dOmicile of this cor
Az ~ shall be in the City of New Or
pofauSt state of Louisiana. All citations and
ksns Iapal process shall be served upon
etne,p.as;dent of said corporation: or, in
the - his absence or inability to act, upon
case y ~ President: or. in the absence or
he ,,uty M both the President and Vice
InLnstdent 10 act. then upon the Secretary
=, This Company. .. ~.
~ This corporation; he shall preside at
,usetings of the Stockholders.
ns~.n cbajrman of the Board shall preside
=. imeetings of the Board of Directors.
h.pTIJE III-The objects and purposes
hhicb this corporation is established
pi .ho nature of the business to be car
~ ~ a. nv il are hereby declared to be as
iTws tnwit: To represent persons, in
sr,duals. corporations, firms and others in
.1;s or any other country as agents or rep
resentatives, or in any capacty desired;
y INV and sell commodities of every de-
wD-,ntion for domestic distribution or for
nprt. TO acquire and undertake all of
~ mart of the business, assets and liabili-
49, of any person, firm, ASSOCIATION or cor
norstion in the same or similar business;
y nnrrhase acquire, hold and dispose of
The stocks bonds, moneys or other obliga-
.i,s az any corporation or government |
Smastir or freign; TO do any and all
,Sinvs not set forth in this article to the
same extent and as fully as any natural |
1srSon might do and in any and all parts |
~ the world to enter into, carry out or |
Stbsrwise turn to accounts contracts of |
syery kind; to have and maintain offices |
xi,hin and without the State, and in South |
america. Central America, uba and other |
couutries; in general to carry on such OPP |
eratiOns and enterprises and to do all such |
,bings in connection Herewith as may be |
permitted by the laws of Louisiana. and |
be necessary or convenient in the conduct |
Of the Company'S business, and generally |
10 do all things necessary or convenient |
to properly conduct the business of this |
corporation.
ARTICLE Iv.-This corporation may sue |
and be sued in its corporate name: hold, |
have, receive, purchase, convey, lease and |
sub.lease and enjoy real, personal and |
mixed property; also borrow money and |
lend money; make and issue notes and |
bonds make contracts; receive grants of |
land or of personal property. and make |
and use a corporate seal, the same to alter |
ar break at pleasure. but the failure to |
have seal shall not invalidate any of the |
acts or proceedings of this corporation; |
name and appoint such managers. directors, |
officers clerks and agents as the interest |
and convenience of said corporation may |
require; and through its Board of Di-
rectors make and establish such bylaws,
rules and regulations for the proper man
agement and regulation of the affairs of |
said corporation as may be necessary, and |
the same to alter and change at pleasure.
and shall possess all the rights, powers |
and privileges to which corporations are
tor may be by any general law or laws of |
this State authorized and entitled to pos
~ss. Said corporation may exercise its
| corporate powers within any other State
or territory in the United States, or foreign
eounry that shall permit the same
| ARTILE V.-The capial stock of this cor
| porstion is hereby fixed at the sum Of ten
thousand and 00-1O0 ($1O.OO0OO dollars,
represented by one hundred shares of one
hundred and O0-100 ($10O00) dollars each.
All stock subscribed for shall be payable
Il such time and on such terms and con-
ditiens as the Board of Directors may from
time to time fix and determine in each par
ncular case or by general resolution. or
the Board Of Directors may issue certifi-
Gates Of paid-up stock in payment of prop
erty or goods actually delivered to this cor
porstion or for services actually rendered
70 II, or for right privileges or franchises
transferred to it, the valuation in each in
stance to be agreed to by the Board of Di-
fecors. which shall have full and final
power to do so.
Said capital stock may be increased to
ne sum Of two hundred thousand and
wiW tS20OO00.O0) dollars in the manner
PROVIDED Tor by the laws of this State.
whenever an increase of said capital stock
1an nave been authorized or unsOld stock
Issued, ten days written or printed notice
sai be given to each stakeholder within
Nhlch time persons holding stock in this
~rporauon shall have the right to sub
nribe for said increased stock or addi-
uonsi issue Of stock in proportion to the
|
mem and which additional shares shall be
Ma Tor as the Board of Directors may
gieSL After the expiration of said time
ne BOARD OF Directors may dispose of the
Maies not taken, for the benefit of the
eompany, in such manner and on such
proper. may 'ii"N
usidends shall be declared on the
sMoent actually credited on the capitai
sss;s.s wnnout regard to the amount SUBJ
sal hpsu lot Dividends accruing to stock
aoioers who owe any portion of any stock
subscribed for by them shall be credited to
sna. unpaid subscription until the full
s %yunt OF all stock subscribed for by such
s,sas ae shall be paid in full. Such
NJ " alvldends shall not in any man
men. e ~ s such stockholders from the pay
49,. VI calls on such subscription but the
~ ~. ot such dividends shall be in excess
ia,.,e.se alis on such subscription to stock |
INTEREST al the rate of eight per cent per
NJ. sam !. snsii be charged on the unpaid por-
~ , y. calls on stock subscribed for from
maturity Of each call
Al any installment or installments on ,
vi,h;, subscribed for should not be paid {
ss~n tnirty days after the same shall he
as,s,aa ue. such stock and the Subscription I
As,sss ugetner with all insallments paid {
| h reso,n NAY De forfeited to the Company
sithort S OF the Board of Directors
A. pu further notice or proceedings. or .
k,hss st OF Directors may hold the sub
Nsssss 70 said stock personally responsibIe
kf tSs a ar take legal proceedings to COL
. thereon mrsst s or installments due
| iss =. Inc Company shall begin onera- ,
s~s soon as fifty shares of the canital
Il Il, subscribed for or disposed of.
Rsrla.sss,e etions by or meetings OF the
| MD fer H. sacn share Of stock, whether
| ~ yets :. 'ul or not shall be entitled to
49, es name the stock apnesrs on tbn {
g. s..sa THIS corporation at Tho t;n,o 80 q