The herald. [volume] (New Orleans, La.) 1905-1953, 1919-02-13
CHARTER OF THE NULOMoLINE COM
PANY OLE LOUISIANA. INC.


Parish Of Orleans State 90. Louisiana, ami
IN the presence Of the witnesses hercI1atter
named and undersigned; personally came AMI
appeared. the parties whose names are mere
unto subscribed: who declared that, avail
ing themselves OF the provisions OF the laws
OF Louisiana, they DO hereby form themselves
into and constitute corporation, Tor the
purposes and upon the conditions hereinafter
81 ARTICLE TIC Ire name and tile of this
corporation shall be: The Nulom0ine Com
pany OF Louisiana, Inc, its domiClle shall
be in the City Of New Orleans. and it shall
exist for ninety nine years from this date.
1t shall have and exercise Tor the purpose
Of its business 10 be carried on by II, all
Of the powers conferred by law upon corpora
tions, including the power to purchase,
lease, hold. sell, mortgage and pledge, real
and personal property; 10 contract. sue and
be sued 70 make and use, II II so desires,
a corporate seal, and the same 10 break or
alter at pleasure: 10 make bylaws tor It's
government, and the same 10 alter or amend
at pleasure; TO name and appoint such man
ayers, agents, directors and officers as ITS
! business interest and convenience may re-
quire: TO hold and vote stock in other cor
porations TO the extent permitted by law;
! and generally, 10 exercise all the powers
necessary or convenient to carry on and &C
complsh its objects and purposes.
| ARTICLE 1.-The objects and purposes
| for which this corporation is organized and
| established. and the nature OF the business
| 10 be carried by il, are hereby declared
TO be: TO engage in the manufacture, pro-
cessing. buying, selling and dealing in,
wholesale and retail, Of all kinds OF sugar
| sugar products and sugar by-producis, and
generally. to perform and do all things nee.
| essaTy proper and pertinent thereto, as well
| as TO manufactured buy, sell and deal in
| such other articles as in the judgment OF the
| Board OF Directors may seem fit and proper.
! ARTICLE III.-Citation shall be served
upon the President, and in case OF his abb
sence from the city. upon the Nice-President,
and in case Of absence OF both from the
city. upon the Secretary.
ARTICLE IN.-The amount Of capital
Dollars divided into thirty 600 shares Of
| one hundred j$1OOOO) Dollars each, which
shall be paid for in cash, may be issued
| Tor property actually received by the cor
| poration. The corporation shall begin bust
ness as soon as all OF its stock is subscribed
and paid for. The capital stock OF the cor
poratiOn may be increased up to the sum OF
Five Hundred Thousand (S5000OOO Dol
| lars.
ARTICLE V.-The entire powers OF this
corporation are vested in. and its business
shall he conducted by, Board OF Directors,
consisting OF not more than five 81 and not
| less than three 90 stockholders, elected by
! the stockholders at a general meeting TO be
held the 2nd day OF December OF each
year. Each share OF stock shall be entitled
TO one vote, cast in person or by proxy, and
! majority OF votes cast shall elect. The
Board shall elect a President, a NicePresi-
dent and a Treasurer out of its number, and
Secretary who need not be a stakeholder,
and may combine any OF said offices and
confer the person. majority
OF the Board shall constitute a quorum and
exercise all the powers OF the Board, and
any director may at any time give his pow
er OF attorney to another stakeholder or tC
another member Of the Board of Directors
or TO any other person selected by him, and
in either case the director thus represented
by proxy shall be counted for all purposes
as II personally present at all meetings Of
~ narl % s pff
and employees shall hold office only at the
pleasure OF the Board, which shall not have
power TO elect, employ or appoint for any
specified time. The Board shall have
power to make and alter at pleasure all by
laws. rules and regulations for the conduc
OF the Company's business; and also have
power to select and compensate an agent Il
manage its real estate, make leases, pay
taxes, attend 70 repairs, and generally K
manage and control the same, but this shall
be entirely discretionary with the Board
Directors and officers shall continue in Of
. flee until their successors are elected anC
qualified, and failure to elect directors a
any meeting shall in no manner affect thu
corporation. Vacancies occurring in thu
Board OF Directors shall be filled by tht
remaining members OF the Board by selection
. Directors shall have full power, withou
reference to the stockholders, to buy anC
sell real estate at such prices and on sucl
terms they fit and to issue bonds
mortgages, notes or other obligations for tn,
Company and 10 secure the same by mort
gage and pledge Of the Company's property
all without referring 70 the stockholders
The first Board OF Directors shall consis
of: u y. W. Taussig. whose postoffice ad
dress is III Wall St, New York City; q
{. W: Taussig. whose postoffce address il
; III Wall St, New York City; 90 w. II
Mason, whose postoffice address is III Wal
St, New York City; "a Wn:. Lohr, who's,
postoffice address is III Wall St, New
York City; 80 Louis Christianson, whose
postofice address is Sugar Exchange New Or
leans, La, and they shall serve until the frs
meeting of the corporation in December
1919, or until their successors are elected
and qualified. OF these y. w. Taussig
shall be President; c. w. Taussig, Vice
! President; w. II. Mason, Treasurer; VIM
! Lohr, Secretary, and Louis Christensen, As
sstant Secretary
ARTICLE Vino notice need be given O
the annual meeting Of the stockholders, al
stockholders taking notice of the date o
: said meeting from the provisions OF th
? charter. Notices of all other meetings o
stockholders shall be given by publication
: in a daily newspaper of the City of New
e Orleans for one week prior to the meeting
y provided that publication OF said notice ma,
be waived by the consent OF all stockhold
ers. filed with the Secretary of the Company
o and meetings of stockholders may be hell
at any time with such consent Meeting
e may be called by the President, and mus
I be called by him, at the request of an,
h stakeholder. The purpose for which tn
7 meeting IS called snail De stated IN IN
: call addressed by the President to the Sec
e rotary, and the purpose Of the meeting nee
: not be stated in the ao, ertisement; 1t shall
e be sufficient to state in the advertisemen
d that the meeting is called for purposes state
t in the call on file with the Secretary.
n ARTICLE VII.-At the termination G
r this charter, or on the dissolution of III
u corporation, affairs shall be lqudated by
y commissioner or three commissioners cleo
It ed by the stockholders, who shall have fu
9 power and authority TO sell and dispose {
u all the property of the corporation, real {
n personal at public or private sale, and
% distribute the proceeds.
a | NARTICLE NIII.-This act of incorporate
l. may be modified, changed or altered an
s it's capital stock increased. or the corpor;
h ton may be dissolved, in a manner an
t upon a vote provided by law.
h ARTICLE 1N.-No stakeholder shall
liable for the contracts faults or debts
IF the corporation in any further sum than II
)r unpaid balance due on his stock, nor sha
g any mere informaity in organization hay
il the effect OF rendering this charter null {
L. exposing the stockholders to any furth
ST liability. In order that this charter ma
lr also serve as the original subscription lis
ID the subscribers hereto set opposite their r
le spectve names the number Of shares OF stoC
II ssubscribed for by each of them. and the
Of postoffice address. The capital stock
Or this corporation is paid for in cash.
Or Thus done and passed in by office in Il
Of City of New Orleans, in the Parish ar
State aforesaid. on the day, month and ye
IN herein first above written, lin the presen
or of H. B. Abbott and V. H: Trailer, comp