The herald., 1919-12-04
-. OF PALFREY-vILLERE Ex-
CHAHIIESS COMPANY, INCORPORATED.

Lord one ~ the independence OF the united
teen anu " America the one Hundred anu
sta.~ fourth, before me ' AN end Sor The
spearing, S,ieens. State of Louisiana, duly
parish o o. and qualified, and IN the
eomnlssiS tho witnesses hereinafter named
preseneSS arsigued, personally came anu APP
and unus he parties who names are mere
pe subscribed, VINO se ef the provisions
that aval,,ne of this State relative to the
of TIE Ia ~ Of corporations in MS state
erganlisaore Examination and formation mere,
snd tns have covenanted ana agreed anu
Of these presents covenant H. ther , nnu
bind tnen snay hereafter become associated
sons VIZ or their successors, TO form ana
with them " CORPORATION or body polite in
eonstitu, be objects and purposes ana I'M
bv, Ioi .sreements and stipuiations 1oiio"-
ing, town.. r,o name and style of this
ARTln.an, shall be Palfrey- Where export
cosporatloIr ncorporated, and by that name
company, nower and authority to exist
II sail nav s,rcession for the full term ana
and en'vf ninety nine years cohiIaeho. .n
perfod " he computed from ana aIter 'he
On ,n,s and day hereof.
a.nr1cLE 1.-THE dom1eiie % N S Or
Aki .n shall be in the CITY OF New On
po, .s state of Louisiana; a., al an Served mon
other les; Md of said corporation or, IN
the Presio ahsance or inability to act, upon
ease Of niS prasident: or, in the absence or
the VIZ VIZ ~ both the President ana We
iusoiasnt to act, then upon the eecrs'a''
= this Company. .o ,bo axacutiye Off
the III corporation: he shall PRESIDE Ut
Ger e y, of the Stockholders; .;ao
meesunSb airman of the Board shaii presiue
Ihe.t,ngs of the Board OF Directors.
a.RTiI.E I1.-The objects anu st ppIIphd
Aki.oh this corporation is estaDnshed
for wncn nstnre of the business to De car
and tne ~ are hereby declared to De as
Red on ~ ts,uit: To represent persons, III
fcIosms,s corporations, firms ana otners III
dislauasn y other country as agents OF rep
.sssntatives, or In any , Uapa Of every de,
buy sr %, domestic distribution or lot
eripuoh -. acouire and undertake all OF
efpo,s,, NJ the business, assets ana hapIh-
any 70 any person, firm, association or cor.
ue s,tion in the same or similar business
!" purchase, acquire, noia ID anu otber obIiga-
the s'o snv corporation or government;
tons y. ~ freign; to do any ana All
domesar Mt set forth in this article TO the
hlns' arteyt and as fully as any naturaI
same might do and in any ana an paris
pefssso n worid. to enter into, carry out or
Of the .m,n to accounts contracts OF
otner"ti nd. TO have and maintain offlces
ever! .na without the State. and in South
vit nlh Central America, uba and other
ann,r;es. in general to carry on suCh OPP
eOs,;ons and enterprises and TO 90 an SUN
things in connection therewItn ; as may onS
sa.mtted by the laws OF Louisiana, anu
p erm or convenient in the conduet
oe nc Comnany's business, and generaily
u ~ eli things necessary or convenient
~ uuSonerIy conduct the business OF this
coipDvT1cyE Iy.-This corporation may sue
a he sned in its corporate name; hold,
s sas recejye. purchase, convey, fease ana
s ;.sse and enjoy real, personal ana
s,yed property; also borrow money anu
,ssS money; make and issue notes ana
bonds; make contracts; o reeerve and make
"a rse a corporate seal, the same to after
h-ssr ut pleasure, but the failure 10
s.xs seaI shall not invalidate any OF the
rs ar proceedings Of this corporation )
ssme and appoint such managers, directors,
.Scsrs clerks and agents as the interest,"
srJ convenience of said corporation may
sscr,re. and through its Board OF Dr.
sscto,s make and establish such by-iaWs'
niles and regulations for the proper man.
SEGMENT and regulation of the analrs OF
aid corporation as may De nee ~ ,,isnsnre
md shall possess all the rights. powers
.rS privileges to which corporations are
A. NAV be BY any general law or laws OF
this state authorized and entitled TO pos
sess Said corporation may exercise s.a its
ssrnorate powers within any other state
!, territory in the United States, or foreign
seunry that shall permit the same:
ARTILE V.-The capial stock OF this cor
psrs.ion Is hereby fi1e ed at the sum OF ten
thousand and 00-100 ($10, 0OOOOl dollars,
ruresented by one hundred shares Of one
Suadred and oo-iOO (s1O0.OD dollars each.
An stock subscribed for shall be payable
n auch time and on such terms ana con-
ditieus A the Board Of Directors may from
ume to time fix and determine in each par
ncular case or by general resolution, or
he Board of Directors may Issue certin-
Gates Of paid-up stock In payment OF prop
erty or goods actually delivered to this cor,
pefatiou or for services actually rendered
70 a. or for right, privileges or franchises
transfefred to 1t, the valuation in each In
stasce to be agreed to by the board OF e III,
rcsrs, which shall have full and maj
Said capital stock may be increased to
he sum Of two hundred thousand and
ML1o0 $500 000.00) dollars in the manner
provided for, BY the laws Of this STATE STATE
hall have been authorized or unsold stock
hsued, ten days written or printed notice
Shall be given to each stockholder WITHIN
vhieh time persons holding stock In this
eorpention shall have the right to SUD
sribs for said increased stock or addi-
number Of shares Of stock then held Dy
hen, and which additional shares shall be
paid for AZ the Board Of Directors may
direct After the expiration of said time
he Bard Of Directors may dispose of the
sAares not taken, for the benefit Of the
Company, in such manner and on such
terms and conditions as they may thini
proper.
Dlvidends shall be declared on tht
amount actually credited on the capital
stock Without regard to the amount sub
s Sss isr Dividend. aesruing to stee
Mbscribed for BY them shall be credited to
nch unpaid subscription until the full
ameunt Of all stock subscribed for by sucf
9ockhslders shall be paid in full. Such
credit Of dividends shall not In any man
Aef relieve such stockholders from the pay
meht Of calls on such subscription, but thu
credit sf such dividends shall be in excess
me calls on such subscription to stock
interest 1t the rate Of eight per. cent pei
snaum shah be charged on the unpaid por
uoa q calls on stock subscribed for from
us maturity Of each call.
any instaIlment or installments OF
~! subscribed for should not be paid
0n thirty days after the same shall be
aue' such stock and the subscription
49,. to8ethef viii all insallments PAID
Hesea may be forfeited to the Company
noemton Of the Board Of Director,
xnsst further notice or proceedings; o.
noafd q Directors may hold the sub
NsS y said stock personally responsible
sf and take legal proceedings to col
- ~ installment or installments du,
~ The Company shall begin opera
= seen % fifty shares Of the capita
a = e moscribed for or disposed OF
- Secuons BY or meetings Of thu
sssS Sluefa, each share Of stock, whethel
~ " null or not, shall be entitled I,
~ 70 be cast either by the persoI
sssss name the stock appears on tn,
~ this corporation at the time O