The herald., 1919-11-27
CHARTER.
-.TER OF PALFREY-VILLERE Ex-
HAnn COMPANY, INCORPORATED.

raabth day Of OCTOBER, IN tne year III gu
sseerd one thousand nine nundreu h hnd I-n nn
teen = of America the one Hundred ant
state nrtb. before me, James Zachar1'
forty.ing A Notary Public, in n Tor TN
SpearnStf orleans, State of LOUISIANA, dulJ
rssnmissioned and quailhed, ana IN .n'
eomlnnce of the witnesses hereinafter named
presen.ddorsigned, personally came and ap'
and " The ~parties who names are here
pealeu subscrib6d. who seyerally declared
unlo calling themselves of the provision
ina. laws of this State relative 10 tnt
organnhn organjzation and formation there
and the have coyenanted and agreed and
Of, tne;;hese presents covenant, agree and
90 themselves as well as such other per,
binu ,.bo NAV hereafter become associated
sons rem or their successors, TO form and
with lnem a CORPORATION or body polite in
consuIur The objects and purposes and un
Law, Iu .areements and stipulations follow
der the agreen
ing, towit: u .h;s
AkIu;an shall be Palfrey-Villere Export
corpora incorporated, and by that name
Com lm have power and authority 10 eAls,
II s y succession for the full term ana
and enJo; ninety nine years commencing
perioa " " he computed from and after the
s ss,s and day hereof.
.nrrcIE 1.-THE dOmicile OF TINS cor
AMI shall be in the City of New Or
pora STATE of Louisiana. All cltauohs anu
kans' ieaal process shall be served upon
etneip president of said CORPORATION; OF, IN
the rth;s absence or inability to act, upon
case yioa president; or, in the absence or
the 'itv Of both the President and Vice
mmsnsidsnt to act, then upon the secretary
o this COMPANY. n no tho executive Off
lns tbis corporation; he shall PRESIDE at
Ger u,ss of the Stockholders.
neetlhssb o;rman of the Board shall preside
Ineeings of the Board of Directors.
M.mpTfIE m.-The objects and purposes
nhich this corporation is estaDIshed
l 81 he nature of the business 10 pc car
sna - nv il are hereby declared to be as
nen vs towit: To represent persons, IN
fonoMst corporations, firms and others IN
asiuuan v other country as agents or rep
misntstiyes. or in any capacity desired T;
Inv and sell commodities OF every de-
s%eriptiOn for domestic dis SIdsrtapa all of
eAPvn ~ of the business, assets and haD1l-
~, anv person, firm, association or cor
uss.tion in the same or similar business,
!" nnrchase, acquire, hold ana dispose OF
ne stocks. bonds, moneys or other oDIlga-
u ~ any corporation or government,
u ons or freign; to do any and all
G july not set forth in this article to the
u IL oytent and as fully as any natural
sa.son might do and in any ana all parts
y he world; to enter into, carry out or
otbsrwise turn to accounts contracts OF
VIZ kiud. to have and maintain off1ces
r,,h;n and without the State. and in South
snarics Central America, uba and other
nnntr,es. in general to carry on such OPP
evs,ions and enterprises and to do all such
sh;ngs in connection Herewith as may be
nermitted by the laws or LOUISIANA, ana
X nacessary or convenient in the conduct
v he Company's business, n generally
~ 40 ali things necessary or convenient
!" nronerly conduct the business or this
"IgRTICLE V.-This corporation may sue
and be sued In its corporate name; mold;
Nave. receive, purchase, convey, iease ana
mh. lease and enjoy real, personal ana
m;ysd nroperty: also borrow money and
Ind money: make and issue notes and
hands: make contracts; receive grants or
land. or Of personal property, make
md use a corporate seal, the same to alter
:, hreak at pleasure, but the failure TO
have 4 seal shall not invalidate any of the
80 ar proceedings Of this corporation;
ssme and appoint such managers. directors,
s6icers. clerks and agents as the interest
md convenience OF sa1d eoTpora,ion may
rvouire; and through its Board OF D1-
rsrtors make and establish such bylaws,
yules and regulations for the proper man
ssement and regulation of the affairs of
sSid corporation as may be necessary, and
IN same to alter and change at pleasure,
md shall possess all the rights, powers
ma privileges to which corporations are
q may be by any general law or laws of
fhis state authorized and entitled to pos
-. Said corporation may exercise Its
corporate powers within any other state
g ssrritS s! y sGs nni1ea states sSe ss1 or f0relsh
ARTILE v.-The capial stock of this cor
peration Is hereby fixed at the sum of ten
iAousand and 00-1OO ($10, o .00) dollars,
represented by one hundred shares OF one
Kindred and 00-100 ($100.00) dollars each.
a n ~k~~S ~uh~owihaa fnp shall he nQuQhIo
d such time and on such terms and con-
liions as the Board Of Directors may from
tme to time FIX and determine in each par
tculaf case or by general resolution, or
the Board Of Directors may issue certth-
Gates Of paid-up stock in payment Of prop |
sFfy or goods actually delivered to this cor
poYstion or for services actually rendered
10 II, or for right, privileges or franchises
transferred to 1t, the valuation in each in
stance to be agreed to by the Board of Di- |
feors, which shall have full and final
pswef to do so.
Said capital stock may be increased to !
Tie sum Of two hundred thousand n
MOO 1890 0OO.00 dollars in the manner /
provided for by the laws Of this State.
Whenever an increase of said capital stock
hall have been authorized or unsold stock
tsued, ten days written or printed notice
shall be given to each stakeholder within
Which time persons holding stock in this
eRperaticn shall have the right to sub
sfibe for said increased stock or addi-
tsnal issue Of stock in proportion to the
number OF shares of stock then held by
hen. and which additional shares shall be
pud for as the Board of Directors may
enect. After the expiration of said time
ue Board Of Directors may dispose of the
mares not taken, for the benefit of the
Cenpany, In such manner and on such
prsper.
Dividends shall be declared on the
mount actually credited on the capital
aock Without regard to the amount SUBJ
S,lped Tor. Dividends accruing to stock
neldefs who owe any portion of any stock
sucn unpaid subscription until the full
smCunt OF all stock subscribed for by such
1ocanolders shall be paid In full. Such
sreulL OF dividends shall not in any man
~ teIeve such stockholders from the pay
nest Of calls on such subscription, but the
seuit o. such dividends shall be in excess
.ne calls on such subscription to stock
s-.lsst ~ the rate Of eight per cent per
snaum snau be charged on the unpaid por-
~ on calls on stock subscribed for from
~ maturity Of each call.
any installment or installments on
- ssescfiDed Tor should not be paid |
snnm thirty days after the same shall be-
49, - we. such stock and the subscription
Hssssso, together with all insallments paid
x sson. nay be forfeited to the Company
vt,sN Nscmtcn Of the Board of Directors
y asIoes further notice or proceedings; OF
~yh 1sara o. Directors may hold the sub
H6.oef 70 said stock personally Responsible
SSS - Z and take legal proceedings to col
6~~s : ,sstallment or installments due
n. - me Company shall begin opera
~ soon as nifty shares of the capital
n an .s subscribed for or disposed OF.
nselS.,SsesHuons BY or meetings of the
~ ss.users each share Of stock. whether
j Ier in full or not. shall he entitled to
~. 70 be cast either by the person
koexs - name the stock appears on the
a. vstss this corporation at the time of
nik"s4ns' o. by his agent or proxy. duly