The herald., 1920-04-01
CHARTER.


4" b" carried "I 10y II, ar" hereby de
cared T." he !" purha~" and deal in
10y Wh"I'NdI" or rriah. "hd 10 mHnuiar-
iur" candy, NUT rpni"rtI"n> ana special
Us. aud generally 10 mInuid'lur". Fur-
cid'n OF III" candy business. aud to do
all things incident thereto.
Nix y H. " Inc capital stock '"i
I'M corporation J., h,frhA ny" al seven
'n"u ,,''" -,H""",u"l H"iIIr~' divided mt"
seventy ,'", >hi!'> 81 The par value Of
"H' n'u"t'n lHi"'""l dollars each, pro.
N'u'"' 'iI'I me amount 10 "EI'h ia" cap
Ii'I STOCK 81 I'M corporation may hc IN
'I, ,,'. H"a'I 10" '"rmtl NV" thousand
B 'N-''"'''"' ""'ldfN. ihlfIA -"I-hl t"NJ
~hlI'>' or ihlri\-' eight huuar"d r'>uWUuj
I n"Ii'i~ "i ia" capital stock of this cor
p"railoh must b" subscribed before tn.
ilii"- 81 ID" Jf'iri"~ "i Incorporation. Thu,
~'h>'i l"rN capital stock ot this corpora
mon ~'aIi b" pa}Hhl" Ia |l~h, property
F'Hi or E"r~"uI'. or Tor labor and ~rry-
. i''N F'hd' rel 1'd performed y" Stock
h"!H"r >"iI ever hr held liable or re-
. ,p"h~IhIr Tor lh" faults. contracts or
d""ir II thi~ corporation ia any further
sum IMAM the unpaid balance du" the cor
r"rIii"H on ia" shares of stock sub
>rrh'd 10y him. nor shall any mere in
inTmaht\ in or~auizaiI"n hay" the effect
. 81 rendering ms charter null. or of "N-
/ posing any kh"ld"r to amy liability
7 Whatever. rus corporation shall not On
gag ~ hu>lur>~ until thlrty-ri-ht hun
- 't'''t'i - VI tI4Ii -lt i-b>t
Shares "i IL" capital stock shall have
. h''h issued ANA actually paid in. rithcr
. IA 'i>h. property or services rendered a.
. aforesaid u any of the stock OF this
/ rort"Fa'nh Is exchanged either in whole
or ~ part Tor property or good will the
' PROV l>l"hN ~ -" ton . Of Net pa of 1914
. >EaiI b" COMPLIED with strictly.
ARTICLE v All The rorpor,r. povars
. OF tLi, rnrpor.tinu .I,aII La ,..tt h. ,,I
"N"rri>"d by Board Of Directors com
"a I'm mi It..1.t 81
shall own in ms own right. during his
term Of Office. ~ least on" fun paid share
OF stock, tire" of whom shall constitute
pn"Fun TOR IN" transaction Of all bust
shall consist Of President Vice Pr.>f-
| drht, ana SecrctHry-Tre all of
| whom shall h" members of the Board
| OF directors. III" following named per
sous shall C"n>titut" tn" first Board of
/ directors. tn-wit. T. Percy Richardson
Ne. I'I' Ihird street. New Orleans La.
clement l.. P"nro~". No. $50 Audubon
! Street. New Orleans La: William T.
/ l'l'hard>"n. No. l!'2I Calhoun Street New
: orleans. La: Gerald :. Kennedy. No 1917
/ General P"r>htaG street. New Orleans
! La. with i. Percy Richardson. PreSi-
/ dent William y. Richardson, Vice PreSi-
/ lent ana element u. PenroSe. Secretary
| treasurer. aud th">" Directors and Off
| GERS shall hold office until the first Thurs
| day Of March. 1921 or until their sue
c''>SorS ar" duly elected and qualified
H'I''ll'T lIf directors snail he elected
| annually on the first Thursday of March
| OF each year beginning with 1920: all
! electors OF Directors shall he by ballot
ana each stockhold"r shall be entitled to
/ one vote Tor each share of stock standing
/ in his name on the books of the CORPORA
! ZION. this vote to he east in person or nv
] written PROXY, and il shall require a ma
| lority OF the stock present or represented
| 10 eject.
! Failure to hold an election for piractors
! on the first Thursday of March Iono mr.
! annually thereafter shall not work a for
I fixture of this charter. hut the Old Hoard
| Of Directors shall remain A, office until
their successors are duly elected and
! qualified
| ARTICLE V. The Board of Directors
| shall hold regular meetings at such times
| as shall be fixed in the bylaws of this
corporation. Th"S" MEETINGS shall be- held
AT IN" dOmi"il" of this corporation. but
the President may call special meetings of
tn" Board of Directors ut such times as
he may deem advisable and he shall be
required To call such meetings ut the re-
| quest OF Il member of the Board Of Di-
rectorS Three DAYS written notice NJ
such special meetings shall be given 10
the Directors. unless waiver of such no.
tse is signed by the Directors. Any va
cancy occurring in the Board Of Directors
either from death. resignation or inabil-
ity to serve shall he filled by the re-
naming Board of Directors at its next
regular meeting after such vacancy shall
nav o''uIreh' ne HrSt Board OF DireC-
tors Of this corporation shall be required
10 draft suitable bylaws for the govern
neht> OF this corporation, which may he
altered. amended or changed as the ext
gehCleS or the c3eS may require.
akilCLE Nll.-The stock of this cor
pofatlon may be transferred, provided
such transfer shall be recorded upon the
books Of the corporation before it shall
be required to recognize the transfer or
the new holder of the stock. The total
amount OF the subscribed stock as here
in set forth. is the sum of thirty eight
hundred tS3SOOOO) dollars, or thirty eight
(JSl shares, which is hereby authorized
TO he issued fully paid and non assessable
Tor cash, and in exchange of property or
both, according to law. In the event that
any stakeholder desires to sell his stock.
or any part thereof, he shall first offer
same 10 the remaining stockholders in
proportion to their respective holdings Mt
us Dook or market value. This offer is
10 De made TO appear by letter written
ana addressed to each stakeholder at his
last known address, giving him thirty
Gays option. At the expiration of which
time the stakeholder desiring to sell his
STOCK shall be at liberty TO do so at what
ever price and to whom he shall please
ARTICLE EIII.-Thls charter NAV he
modified or altered. the capital stoct
thereof increased or decreased. or the
corporation may be dissolved with the
assent OF two-thirds of the capitaI stack
present or represented at any meeting 81
the stockholders held for that purDose
aiter prior notice ia writing to each stock
holuer mailed to him at his last known
postonice address all in accordance with