The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-11
CHARTER.


deemed necessary or advisable for the
manufacture, sale and distribution of the
products manufactured and sold by the
corporation. and generally to do and per
form All things incidental or gcrmhne TO
the objects and purposes hcrcinbefore eN
pressed
ARTICLE IV.-Thc capital stock of this
corporation is hereby fixed at the sum OF
five thousand $4,000 dollars, divided into
and represented 10y fifty tIUJ shares OF the
par value OF one hundred (SlOOl dollars
each. all of which shall be common stock,
and the amount to which the capital stock
may be increased is hereby hNrd at III"
sum OF twenty-five thousand dollars. The
said stock shall be issued only for cash
or in payment of property or services
actually received 10y or rendered To
said corporation. said stock shall ne
fully paid for at the time OF lis
| issuance and thereafter be non-as>"S>-
able. Fifty per cent Of the capital sio'h
shall b" subscribed before the ming OF
this Act of incorporation and hity per
cent o;i the amount 80 subscribed Shall be
actually paid in before tn" corporation 'h e.
cages in business, and IN" remainder OF
! the amount 80 subscribed shall Toe paid
within on" wear from and after tn" dat"
! hereof. The residue of the capital Nt"rh
| shall be issued and paid for subject 10
the action OF the E0trd OF directors. ia
conformity with existing PROVISIONS OF th'
law relating thereto. The parties hereto
have subscribed for the number of shares
of the capital stock SCI opposite their re-
sp"ctivc signatures hereto. 80 that inns
Act of Incorporation shall also serve :iH IN"
original subscription list. \. Il. Meteor
mink aud u NJ Griffin. CO-partn"rS 81 III"
Crescent Creole Candy Company, nave
agreed to transfer the articles ot W'r'hah-
disc and other appliances btI"hElhl I"
said CO. partnership to tn" Crescent creole
. Candy Co Inc. in payment OF 'dIltai
stock equal 10 the sum of seven hundred
seventeen and $500 (SIlI@I dollars, aS
will more fully appear 10y reicrthr' u" ln'
rhaudi~e and appliances transferred I" Tue
corporation. which j. hcret" attached ana
made, part of this Act of incorporation.
No present or future stakeholder shall
ever vaIidly sell. assign "r transfer. oth"T
than bV Inheritance, any OF inc 'dPl'''
stock of this corporation untl IN" SAM
shall have been first offered TO iht remain
iul, stock Oldrr~ for tn" h'u"ut CT th">'
stC,EboId,rS who may desire - pur'ha>"
the same. through IN" Board Of directors.
fur a period of ten days. al me ho"N anu
of such stock rs shown On the books 81
tho CoruorJfiou on the 3l>i LAY ol I'''-
,,uib.r urccrdiu" the 'iat" If Surn o''r
II SL:n be- the duty Of Ia" Epdrd al III
rrctor>. promptly. upou receiving an "Lri
Of sale of any of I'll" capital STOCK OF 'hl>
roruoratiOu. to COmmUnirat" tn" same u"
the Stockholders. in writing. through IN"
SrGrctary of the Company. and each 81 IN"
said stockholders shall he entitled 10 phI-
chase such proportion OF me StorS :" o.
, tered for sale rs the number of shares
owned by him hears To IN" number 81
shares owned by all other stockholders
desiring 20 participate in III" purchase. N'
sail. under foreclosure. attachment or cthtt
/ I recess. or by Virtue of any Power OF at
/ trrurV Ilpdgp or hNPOth""l'lpu. Shal ht
yaIidIy mad" until the foregoing rrpulr'-
mrutS have been complied with 10y IN"
| l.,r>uu or persons. firm Or corporation
| uroyokiug such foreclosure or sale. ] b"
( BOARD of Directors shall have authority.
/ however. TO waive the above requirements
rs to any particular hypoth"'4tlon or
/ l,,r lfff i'm ado tod
| "A regular called mrofiug of the EOdrd. or
~ 4 meeting attended 10y all the members
of the EOard of Directors such resolution
| hring adopted in advance OF the pledge or
hypoth"cation-
/ ARTICLE V.-An the powers of this
| CORPORATION shall Ice vested in and he "N-
| rrci>rd by q Board Of four Directors said
| Directors shall he bona hde stockholders
and shall each own. at all times. AT least
one full paid. non pledged share OF stock
! The first Board of Directors, as Wen aS
| the officers of the corporation. shall con
! siSt of A. u. Mccormick, 2l0i Milan street,
! New Orleans who shall bc President: VI.
! L. Jones 1000 Canal street. New Orleans
| who shall h" Vice President: X. VI. Grlt-
/ fin 21Oi Milan street. New Orleans, VINO
| shall be rcretHry-Trcasurer: j. Calm: 81
| Magazine street. New orleans. The above
named Board of Directors and each sue
cccdin- Eoard shall continue to hold ohic"
| for one year. or until their successors are
! elected and qualified. Failur" TO elect III
| q
any failure to elect officers at the annual
| meeting. shall not operate to diSSolv" the
| COMPANY. but the Directors and onlcerS
| installed shall continue 10 serve until th"lr
| successors are elected and qualihcd. Thr
! persons to be hereafter elected Directors
! or subsequent years shall select from their
| own number PreSidcnt Il Vice President
! and Secretary-TreaSurer. The Board OF
| Directors may from time to time and as
| the business of the corporation may die
tate. combine any two of the above offices
! in one and the same person, except that
of President and Vice President. ON the
| second Tuesday of January, 1921. and each
| wear thereafter. the stockholders shall
! elect a Board of Directors for the ensuing
| year The Board OF Directors, as well as
/ the officers already installed. shall con-
/ tinup in Office until their successors are
| elected and qualified. The election of Di-
/ rectors shall he by ballot, and the per
| sons receiving the majority of votes cast
| shall be declared elected. For electlng Dl-
| rectoIs or for any other purpose, each
| share of stock shall he entitled TO one
vote. whether present or by PROXY, hut no
| fractional share of stock shall be entitled
| to vote. \ ma iority OF the directors NOt-
| ing at any one time. in person or by
| proxy, shall he required to pass any reSo-
! luton or adopt any bylaw, and which.
when so adopted. shall become valid cor
! pOrate acts In case OF vacancy on the
| Board or among the officers, from any
cause. the remaining members of the
| Board shall have the power to enact such
I bN-ldWS. rules ana TeIuldlloHS as III lhflI
opinion may he necessary and proper for
the management OperatiOn and control OF
the business of said corporation.
ARTICLE IN.-Notice Of all meetings
held for the election of Directors or for
any other purpose. shall be given in writ
ing bv the Secretary and may he served
| personally or deposited in the mail ad
! dressed tiftecn GJ) days before such
meeting is held. and directed to each
| StOckholdCr ut his last known address. as
the same shall appear on the books of the
corporation, unless said notice is waived in
| writing by all of the stockholders appear
ing upon the books At all meetings OF
! stockholders majority of the votes cast
| shall be sufficient 10 elect or decide al
| questions voted upon. except for the al
tcratiOn. amendment or the dissolution OF
the corporation.
ton may he altered. amended or modified
or the corporation dissolved. by a vote OF
| two thirds in amount of the capital stock
| represented ut q general meeting of stock
holders. called for that purpose, after no
ticr as provided in Article VI of this char
ter: and in case of dissolution of the cor
pOration the stockholders at such meeting
| shall elect three CD hquidating commits
SionerS. who shall have entire charge OF
such liquidation. with authority to sell
| and dispose of the assets of the corpora
ton, and 10 fill vacancies occurring in
their number.
ARTICLE VIII-No stakeholder shall
| ever be held liable or responsible for the
| contracts or faults of this corporation in
any further sum than the unpaid balance
due the corporation on the shares owned
| by him, nor shall any mere infOrmality in
7 +ho nf dor inf