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

manufacture and market syrups and eN-
tracts; to manufacture and market drinks
of various kinds :, to hold and lease build
ings and operate stands for the sale of soft
drinks; to buy, own or lease real estate
for the purposes of the business and gen
orally to do each and every act and thing
done in connection with the manufacture
of syrups and extracts and their sale to be
used in making all soft drinks TO buy
otherwise acquire fOrmulae for SyrupS ano
extracts for the manufacture OF soft drinks
and generally to engage i'll the business
and manufacture and sale of all articles
usually manufactured and sold in COnnec-
ton with soft drinks.
ARTICLE IV.-The capital stock of this
corporation shall be one hundred thousand
$500, 900 O0) dollars, divided into ten thou
sand shares of the par value of ten (SlOOOl
dollars each. and may be increased to the
sum of two hundred fifty thousand tS2IO,-
OOO.00D dollars, divided into twenty -fiNc
hundred shares of the par value OF one
hundred (SlOO0O) dollars each, and this
corporation is to be "A going concern Wheh
one half of the capital stock has been SUI
scribed and One-half of which subscription
has been paid for.
Each share of stock shall be entitled to
one % vote, either in person or by proxy.
at all general elections or meetings OF the
stockholders. Stock for S2J.GOO.OO has been
given for the formula described i'll the
document annexed.
ARTICLE V-No stakeholder shall ever
be held liable or responsible for the IN
debtedncsS faults or defaults of this cor
poration. nor shall any mere infOrmality
| in the organization of the corporation have
! the effect of rendering the charter null or
| of exposing the stockholders to any liabil-
| ity beyond the unpaid Dalare, II any, on
| their subscriptions.
| ARTICLE VI.-ThiS corporation shall
have all powers granted to such corpora
| tiOnS by law and shall have the power "a
! contract. sue and be sued, in its corporal,
| n. 4rfra N
! lease. purchase, sell and convey or mort
| gage any and all of its effects, or To
hypOtheCate its property and TO do any
| and all acts and things of any other kind
nature or description as may be necessary
| to carry out the objects and purposes Ol
said business as its interests and conyen
! fences may require.
| ARTICLE EH-The business of thi,
corporation shall be directed by and vested
in "a board of directors of five members
! three of whom shall constitute quorum
| for the transaction of business, and The
| said board of directors as first constituted
shall be composed of George |. Barnes
Duncan Nrecland and Or. John q. IlarZ
and two others to be selected by the frs
named. and they shall hold office until thu
first Monday in July, 1921, and on tha
day. and on the same day thereafter eacl
year, elections shall he held for directors
at the principal office of the corporation
and the election shall be held between th'
hours of ten and twelve a. III.
Failure to hold an election on the day
| specified shall not dissolve the corpora
ton. but the directors shall hold their re
| Spective offices until an election shall b'
held after thirty days notice OF the tlm'
and place thereof given to each stock
holder.
The said board of directors at their frs
meeting shall elect from among their mum
Der a president. vice-president and secre
tary treasurer: provided, however. that TIN
| secretary need not be n stakeholder o
member of the board Of directors. and an!
vacancy in that office shall be filled b.
the board.
Directors may act either in person or b!
proxy.
ARTICLE VIII-whenever this corpora
ton is dissolved. either by Limitation o
for any other cause. its affairs shall b
liquidated by the board of directors, VIII
are hereby vested with full power to sci
any or all assets of the corporation, eithe
separately or in a mass, and to conVe
full and complete title thereto. and sha
have full power to do and perform all act
necessary and proper to fully and com
pletely liquidate the affairs and distribut
the proceeds. if any, among the stOckhOld
: ers of the said corporation to the amour
of stock held by each.
ARTICLE IX.-This act of incorporate
may be amended, altered and modified Q
this corporation dissolved in the manne
provided by law.
Thus done and passed. in my notari;
office. in the City of New Orleans. on I'll
day. month and year first above writer
: in the presence o. Ruth VI. Seller an
Gladys +. Rider, competent witnesses, VIII
! hereunto sign their names, together wit
r the parties hereto and me, Notary, after
reading of the whole.
! George l. Barnes, 5000 shares, 1881 Ger
! eral Taylor St, New Orleans. La.
/ Duncan Vrceland. 1,S00 shares, 1881 Gel
eral Taylor St, New Orleans. La.
John G.. Harz, 200 shares, 800 Nashyil
D Ave. New Orleans, La.
| Witnesses:
4 Ruth VI. Seller, Gladys F.. Rider.
\. \. MORENO.
- Notary Public.