The herald., 1920-02-12
CHARTER.

sum of twenty five thousand dollars. The
said stock shall be issued only for cash
actually received by or rendered to
said corporation. Said stock shall be
fully paid for at the time OF It's
issuance and thereafter be non-assess-
able Fifty per cent of the capital STOCK
shall be subscribed before the filing Of
this Act of INCORPORATION and fifty per
cent oil the amount so subscribed snaii De
actually paid in before the corporation en-
cages in business, and the remainder OF
the amount so subscribed shall be PAID
within one year from and after tie date
hereof The residue of the capital STOCK
shall be issued and paid for subject 70
Conformity with existing provisions of the
law relating thereto. The parties hereto
have subscribed for the number OF SHARES
of the capital stock set opposite thelr re-
sn.etiye signatures hereto, SO that TINS
Act OF INCORPORATION shall also serve as the
original subscription list. A. ID. McCor-
mick and X. NJ. Griffin, co-partners OF the
Crescent Creole Candy Company, nave
agreed to transfer the articles OF nv 20
disc and other appliances belongln1 70
said cO-partnership to the Crescent Creole
Candy Co, Inc, in payment OF capl,ai
stock equal to the sum OF seven nuhureu
seventeen and 93-lOO -t$n.oSl oolla 70 ,h h
will more fully appear by reference TO the
detailed itemized statement OF the nrr
chandise and appliances transferred 70 tns
corporation, which is hereto attached ana
made part of this Act Oh I ineELpofa shall
ever validity sell, assign or transfer. otne,
than, by inheritance, any OF the capltaI
stock of this corporation until the sanie
shall have been first offered 10 the fenuaIn
ing stockholders for the bcneht OF those
stockholders who may desire to purchase
the same, through the Board ~ directors
for a period of ten days, nj the DooA value
of such stock as shown on tne oooHn NJ ~
the corporation on the 31st day OF De
cenber. preceding the date Of such over.
IL shall be the duty of the Board OF Dl-
rectors, promptly, upon receiving an vp ~
of sale of any of the capitai STOCK vi '"is
corporation to communicate the same 10
the stockholders. in writing. through tne
secretary of the Company, and each OF me
said stockholders shall be entitled TO pur-
chase such proportion of the STOCK SO oI-
fered for sale as the number OF snares
owned by him bears to the NUMBER OF
shares owned by all other stockholders
desiring 20 participate In the purchase. NO
sale under foreclosure, Attachment OF other
rOcess, or b. virtue OF any power vi az
torney, rledsc or hypothecation, shall DE
validity made until the foregoing require
ments have been complied with oy the
Ierson or persons, firm or corporation
provoking such foreclosure or SAFE me
BOARD of Directors shall have authority,
however. to waive the above requirements
as to any particular hypothecation OF
pledge of stock. by resolution ADOPTED st
n regular called meeting OF the BOARD, OF
at n meeting attended by all the members
of the Board of Directors, such resolution
being adopted in advance OF the pledge OF
hypothecation. -. .h,s
corporation shall be vested in and De ex,
ercised by a Board Of four Directors Sald
Directors shall be bona hde stocknoiders
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. 2104 Milan street
New Orleans. who shall be President; M
l.. Jones. 1000 Canal street. New orleans
who shall be Vice President; X. Nj. Grit
fin. 2IO4 Milan street. New Orleans. VINO
shall he Secretary Treasurer; j. Calm; 81
| Magazine street. New Orleans. Inc ABOVE
named Board of Directors ana each sue
ceedine Board shall continue to hold office
| for one wear or until their successors are
I elected and qualified. Failure TO eiec. III
rectors at the annual meeting, as wei as
4 any failure to elect officers at the annual
meeting. shall not operate to dissolve the
| Company, but the Directors ana onicers
| installed shall continue to serve untli tnei'
successors are elected and qualined Ihe
persons to be hereafter elected Dlrectors
| or subsequent years shall select from theiI
own number a President, Vice president
and a Secretary Treasurer. The Board ol
| Directors may from time 10 time ana ~
| the business of the corporation may dic'
! tat. Combine any two OF the above offices
| in one and the same person; except tna'
of President and Vice President. On ths
second Tuesday Of January, 1s2l; ana eaer
year thereafter: the stocSnoiders sna,
year: the Board Of Directors. as wen al
| the officers already installed. shall con
time in office until their successors arr
elected and qualified. The election OF u
| sons receiving the majority OF votes cas-
shall be declared elected. For electing ID
/ fectors. or for any other purpose, eaci
share Of stock shall be entitled 10 on'
| nv "
| fractional share of stock shall be entitled
| to vote. majority of the Directors Not
| ing mt any one time. In person OF ID.
proxy, shall he required to pass any feso
! luton or adopt any bylaw. and when
4. when so adopted. shall become valid cor
| porate acts In case or vacancy on th'
| Board or among the ohieers. IRON an.
/ cause the remaining members OF TN
1 BOARD shall have the power to enact suci
bylaws rules and regulations as in theil
/ opiuion may b. necessary and proper To-
| the management operation and control %
the business of said corporation.
| beSsl for the election of Directors or 10
anv other purpose. shall be given In writ
ling by the Secretary and may De serses
personally or deposited In the man ad
dressed ifteen (15) days before suci
meeting is held. and directed to eaci
stockholder at his last known address, a.
the same shall appear on the books OF IN ~
| CORPORATION, unless said notice Is waived II
| Writing DIV all OF the aP''e'.
| ing upon the hooks. At all meetings o
| Stockholders a majority of the votes cas-
| shall be sufficient to elect or deciae al
auestions voted upon. except for the al
! teratiUU eamendment or the dissolution o
the corporation.
| ARTICLE yII-This act of incorpora
tior may be altered. amended or modlfieu
or the corporation dissolved. by vote o
two-t thirds In amount of the capital stoci
represented ut a general meeting Of stock
holders. called for that purpose. after no
ticr as provided in Article vi of this char
ter: and in ease of dissolution OF the cor
poration the stockholders at such meetin,
/ shall elect three (3) nquidating conmis
| sioners who shall have entire charge o
such liquidation. with authority 10 sci
and dispose of the assets OF the corpora
ton, and to I'LL yacancfes occurring IL
i their number.
ever be held liable or responsible Tor IN
contracts or faults Of this corporation II
any further sum than the unpaid balanc
due the corporation on the shares owne'
by him, nor shall any mere informanty II
| organization have the effect OF rendering
this charter oil. or of exposing STOCK
holder to any liability beyond the amour
of his unpaid stock.
Thus done and passed at my oniee IN Tn
i CITY of New Orleans, on the day, mont
and wear FIRST hereinbefore written, In tn
presence Of Francis Eisler and K. war
ringen competent witnesses, who hereunt
sign their names, together with said an
bearers and me. the Notary, after du
reading of the whole.
II Names of subscribers omitted)
witnesses: r. Eisler. Il. Warringer.
CHAS. +. FLETCHINGERs Not. Pub.
I. the undersigned, Recorder OF Mort
Tl.- ..l cfn OIL