The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-12
CHARTER.

as shall be fixed in the bylaws of this cor
pOratien. These meetings shall be held nj
the dOmicilc of the corporation, but IN"
president may call special meetings of the
board of directors at such times as h"
/ may deem advisable. and he shall be re-
quircd to call such special meetings when
ever requested To do 50 by three members
| Of the board of directors. Three days no
! tice of such special meetings shall he given
in writing to the directors unless waiver
| of notice il signed by the directors. Amy
| vacancy occurring on the board. either
from death. resignation. or inability I"
serve. shall Ice filled 10y tn" board OF
directors at its next regular meeting after
such vacancy shall have occurred. Tn"
first board of directors of this corporation
shall Ice required to draft suitable bylaws
for the government of this corporation.
which may be altered amended or changed
a. the "NigcucicS of the cas-" may require.
ARTICLE NII-Thr stock Of this cor
poratiou may h" transferred. provided
such transfer shall he recorded upon III"
| books of the corporation before II shall b"
rruuircd to recognize the transfer or an"
new holder of said stock. The total
amount of the subscribed stock. rs herein
set forth is tn" sum of >"veuty-tiFe thou
sand $50 600 OOl dollars. which i hereby
authorized To be issued fully paid ana
n-aS>cSSablc for cash. or in eNchanE"
for property, according to law. That. save
as hereinafter provided, n" share or in
tcrcSt in the company shall ut any time
be transferred to any person not already
| a shareholder. so long as any Sharch older
, ! est at the prescribed price That in order
to ascertain whether any shareholder l.
willing to purchaS" any such share or m
p tcr"St the person, whether shareholder
of the company or not. proposing to
transfer the same. hereinafter called the
retiring shareholder shall Civ" notice IN
, writing to the company that he desires to
: transfer the same. and such notice shall
! constitute the company his agent for the
: sale of the share or other interest to any
! shareholder of the company m the pre-
Scribed price. That If the company shall
: within the space OF thirty days after such
notice find Il shareholder desiring To pur-
p chase such share or interest. hereinafter
called the purchasing shareholder and
D shall give notice thereof to the retiring
shareholder. he shall he bound at such
n time within fifteen days thereafter. as the
g company shall appoint. upon payment of
II the prescribed price, to transfer such ~hJr"
or interest to the purchasing shareholder.
u That if in any ease the rcurlHS share
. holder. after becoming bound as aforesaid.
9 makes default in transferring such share
or interest. the company may receive the
:. purchase money and shall th"r"upOn cau~"
| the name of the purchasing shareholder to
| be entered upon the register a. the holder
of such share or interest. and shall hold
the purchase money in trust for tn" re
firing Shdrch OldcT. his executors, admins
traitors or assigns. and the receipt Of the
- company for the purchase money shall be
:, | a good discharge to the purchasing share
I holder and he shall not be bound to see
% to the application thereof. and after the
a name of the purchasing shareholder has
y been entered in the register i'll purpOrted
exercise of the aforesaid power the val
idity of the proceedings shall not be queS-
toned by any person. and the purchasing
| shareholder shall be deemed and taken 10
be- the owner of the said share or interest
| That the prescribed price shall mean the
amount paid in on such share or interest
plus the prOpOrtionate part OF undivided
- profits provided that if. instead of there
| being undivided profits. there exists an
impairment of capital of the said com
pany. then the prOpOrtionate part of such
+ impairment shall he deducted from the
\ | amount paid in upon such shares or IN
- terest in aScertaining such prescribed
!, price. That the company shall in all cases
on receiving notice of desire TO sell stock
y as aforesaid allow the other shareholder
5 the opportunity to take same in proportion
d to their respective holdings of stock in tn,
J. company. making all necessary adjust
ments to avoid fractions of shares, anC
= for that purpose giving the preference il
ar all cases TO shareholders who have the
= largest holdings.
=, ARTICLE .VIII.-This charter may b,
IN modified altered, the capital stock thereO
70 increased or decreased, or the corporation
10 may be dissolved with the assent of two
80 thirds of the capital stock present o
$ represented at any meeting OF the stock
ps holders held for that purpose, after prio
m notice in writing to each StOckholder o
Iy mailed to him at his last known postOffic
I'd address. all in accordance with the term
81 of Act 267 of 1914.
ARTICLE IN.--At the expiration of thi
is charter or the earlier dissolution or TIM
R corporation for any cause. Its attalrS shal
or be Iiquidated by two or more liquidator
= 70 be elected by the stockholders. all q
m whom shall hold stock in said company
u and said commissioners are hereby NtSte
Ike with full power and authority to liquidat
to the affairs of said company, with fuI
H. power to act.
&c ARTICLE N.-The appearerS hereby de
- clare that they have subscribed TO the fol
~ lowing number of shares OF the capta
Id stock of this corporation. tO-wlt:
eS John T. GibbOn. Jr.. 2OO6 Canal Stree
is New Orleans. Louisiana. two hundred an
nd thirty (23O) shares; f. J. Domcrgue. S0ut
ct CarrOlltOn Avenue, corner CShn street, Ne'
KS Orleans Louisiana. one hundred an
its eighty (iSO shares: David Sivewright IS2
y Elm St. New Orleans. Louisiana. fifty (JC
he shares; f.. VI. Schlegel. SOIL Hickory Stree
n New Orleans, Louisiana. fifty tjO) share
IN, and Henry II. FlaSpoller, 1923 State Stree
u New Orleans. Louisiana, two hundred an
'le forty Gao shares.
,r- the City of New Orleans, on the da!
'r- month and year first above written In u
u presence of st. Clair Adams and J;
.al Swing, competent witnesses, who nav
Mt. | signed these presents. together with u
on said appearers and me, Notary, after d.
of reading of the whole.
,es Join I. GIBBONS. JR..
nd Two hundred and thirty (23O) shares
f. J. DOMERGUE.
of One hundred and eighty shares.
is DAVID SIVEWRIGHT.
us Fifty shares.
p- f. NJ. SCHLEGEL,
Id Fifty shares.
le- HENRY II. FLASPOLLER,
ID Two hundred and forty shares.
Iu- FRANCIS 7. BURNS,
Notary Public.
Nj Witnesses: st. Clair Adams, j. y. SWIM
Of l. the undersigned Recorder of Mort
a CAGES in and for the Parish of Orlean
m State of Louisiana, do hereby certify tn;
me the above and foregoing Act of lncOrpor'
led ton of the Pelican Cracker Factory. IL
,ct corporated was this day duly recorded
ali my office in Book 1912, folio -. Ne
Orleans July -, 1920. -
L., (Signed) EMILE j. LEONARD
his by. Il.
pre- truo conv
on. FRANCIS p. BURNS,
or Notary Public.
PIX July o. Aug. &c.
BILE CHARTER OF NATIONAL IMPORT
or EXPORT COMPANY, INC.
her
or United States of America state OF 10
bed isiana Parish of Orleans, City of New q
ity | leans. Be il known, that on this 81