The herald., 1920-04-29
CHARTERS

found desirable for the management of
the business and affairs of this corpora
ton. and generally to do every other act,
matter or thing necessary or desirable for
the complete and proper carry ing out OF
said business.
ARTICLE 1.-THE domicile OF this cor
porHtiOn shall hc ia the City OF New or
leans, State of Louisiana. where all eta
ti"ns or other legal process shall Ice
served upon thu President. or. in his ali
Scncc. on the Vice President. or. in the
absence ct both. upon the Secretary.
ARTICLE Ill. The objects and pur-
poses for which This corporation j. or
gahIzcd. and the uatur" of the business
TO be carried on 10y it. are hereby de
ClIr"d to To. To purchase and deal in
10y whnl"sal" or retail and to mauufar-
turc candy. nuts. rpuf,ctioH~ and special
tics. and generally to manufacture pur-
chase. S'li and deal in al the usual in
Cid'ntS OF the candy business and 10 do
all things incident thereto.
ARTICLE IV.The capital stock ,of
this corporation i hereby fixed at seven
Thousand tNI,ouv.uuD dollars. divided into
seventy ttul shares Of the par value Of
on" hundred tHlOU.uOI dollars each: pro
vid"d, that ia" amount 10 which the cap
ital stock of this corporation may hc in
creased shall bc Twenty-Five thousand
tN2JOuuOUl dollars TEirty-right G.Ni
shares, or thirty eight hundred t:;~Uu Uuy
dollars of the capital stock of TIL, cor
subscribed before
tlllnE ot the articles of interpretations The
subscribed capital stock of this corporH-
non NhaII b" payable in cash. property
irt'I or PERSONAL. or Tor labor and spr,-
!'"s r"nd' red aud performed. No stock
holder shall ever bee held liable or re-
>r"h>ihl" for ia" faults contracts or
debts ni this corporation in any further
sum than the unpaid balance due the cor
r"rdil"u on the shares ct stOck sub
>'rlh"d h\ him. nor shall any mere in
IL.
az rendering This charter null or of ,.y-
posing any STAKEHOLDER to any liability
whatever Ihi> corporation shall not en-
gag" ~ business until thirty-right hun
area iH'>h"Wp dollars. or thirty eight t.;Nl
Shares 81 II" capital stock shall hay,
been ISSUED and actually paid in ,irhrr
~ east. property ,r services rendered -
Aforesaid. II any OF the stock of mis-
corporation - exchanged either in wLoI.
or III part FOR property or goodwin rL.
provisions %! Section Of Act 2i1 of 1911
snail u" complied wiki strictly.
ARTICLE '. All the corporate mowers
OF inns corporation shall he vested i'm and
exercised 10y Board of Directors com
P"N.!h of TOUR Stockholders each of whom
snail own in his own right durinr hi,
term OF Office at least one fun paid share
OF stock. thrc" of whom shall constitute
Il quorum for III" transaction of an buSi.
hr>S. tn" Officers Of this corpor,tion
Shall consist Of - President Vice PreSf-
~ NJ anu Il 'NiN'TtIIFA treasurer all az
whom shall l." members Of ne Hoard
OF directors. The following named nor
suns SNAIL constitute Tia" first Board of
directors. to-Uit: T. Percy Richardson
Ne. l"l' Ihird street. New Orleans. La !.
Element Il. ponrnSr No G3O NuJuhon
Street. New ORLEANS La: William y
III, harrison. No. 1923 Calhoun Street Nov
Orleans. La: Gerald $. Kennedy No 1871
General P"r~hih@ Street. New Orleans
Ia Win 1. Percy richardson PreSi-
Il
dent. ana Clement T.. Panro>o Secretary
treasurer. and thcS" Directors and Off
Gers shall hold office until the first Thurs
day of March. 1921. or until their sue
'>N'rS UT" any elected and qualified
thereafter the Directors shall b, elected
annually on the first Thursday of March
OF each year. be"innin. with 1920. all
elections of Directors shall be by balIot
ana each Stockhold"r shall be entitled to
one vote for each share of stock StanJing
in his name on the books of tho cornorn
non this vote to he cast in person or nv
written proxy. and il shall require n ma
Jority of the stock present or represented
To elect.
Failure to hold an election fon Directors
Oh lhr nrSt Thursday of March, 1920 or
annually thereafter. shall not work for
lrltnr" of this charter. but the old BOARD
OF directors shall remain in office until
thlr successors are duly elected and
qualified.
ARTICLE NI.-The Board of Directors
snail hnId regular meetings at such times
as snail tie fixed in the bylaws of this
corporation. These meetings shall he held
at IN" domicile of this corporation. hut
IN" Pr"Sidcnr may call special meetings of
tn" Board of Directors at such times as
Il" may ""em advisable. and he shall be
required Ia call such meetings nj the re-
quest OF member of the Board of hi
re'torS. Three days written notice of
such special meetings shall be given to
me directors. unless waiver of such no
tice il signed by the Directors ANY va
cancy occurring in the Board of Directors.
,lther from death, resignation. or inabiI-
ltN TO serve, shall be filled by the re-
manning BOARD of Directors at its next
regular meeting after such vacancy shall
nave occurred. The first Board of Direc-
tors OF this corporation shall be required
10 draft suitable bylaws for the govern
heht OF this corporation. which NAV he
altered. amended or changed as the ext
Srn"ies Of the caes may require
ARTICLE VII.-The stock of this cor
P"ratlon may be transferred. provided
such transfer shall be recorded upon the
books Of the corporation before il shall
De 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 tS3>OOOO) dollars. or thirty-eight
C'Sl shares. which is hereby authorized
10 u" issued fully paid and non assessabIe
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
sam" to the remaining Stockholders in
proportion TO their respective holdings at
ITS book or market value. This offer IL
10 be made 10 appear by letter written
ana addressed {" each stakeholder at his
Eist known address, giving him thirty
days option. vt 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 VIII-ThiS charter NAV be
modified or altered. the capital stock
thereof increased or decreased. or tho
corporation may be dissolved with the
assent of two-thirds of the capital stock
present or represented at any meeting of
the stockholders held for that purpose
after prior notice in writing TO each stock
holder. mailed TO him ut his last known
pOStOnice address. all i'm accordance with
the terms of Act 26I of 1914.
At the expiration OF this charter or
the earlier dissolution of this cor
poration. for any cause its affairs
shall he liquidated by one or more
hquidators 20 be elected by the stock
holders. all of whom shall hold stock in
this corporation. and said liquidators are
hereby vested with full power and author
ity TO liguidate the affairs OF said corpor-
aton. with full power to act under the
terms Of Section 10 of Act 267 of 1914.
ARTICLE IN.-The appearers hereby
declare that they have subscribed to the
Following number of shares of the capt.
tai stock If this corporation to-wit: IT.
Percy Richardson. eighteen shares: Glenn
ent II. Penrose. sixteen shares; Gerald s
Kennedy, two shares: William p. Rich
ardSon. two shares. The Subscriptions
OF element II: PenroSe, Gerald s. Kennedy