The herald., 1920-02-05
- OF INCORPORATION OF E. l.
Az Young COMPANY, INC.


Unnea al forty fourth, before me, Charles
dreyv,stchinger, Notary Public, duly
f..;ssioned and qualified in and for the
con nsrish and State aforesaid, therein
.ns;ding, and in the presence Oh the VIII
nesn.jIy came and appeared the several
peIoas whose names are hereunto sub
peiI,Sed who declared that, availing them
seDs of the provisions of the laws OF
seNeS ,ste relative to the formation and
tins I.ation of corporations, they have
orssnsnted and agreed, and do, by these
e.nts covenant, agree and bind them
pre- as well as those who may here
s. become associated with them, to
sarm themselves into corporation Tor the
IeIscts and purposes, with the name and
ooEsr the stipulations following, to-wit !:
un.pTICLE 1.-The name and style of
uca,noration shall be u. /. Young Com
tnis Inc and by said corporate name
Iii have and enjoy existence and sue
u I for a period of ninety nine years.
$780, sooner dissolved, and shall have
w ,he rights, privileges and immunities
ah,ch are now or may hereafter be grant
" nv law to corporations of the same
lind and character; ana under said cor,
.s,e name IL shall have the power and
po,soritv to contract, sue and be sued, to
I've and use corporate seal, the same
~ nreak or alter at pleasure, and to make
W " necessary rules and regulations for its
so,norste management and control.
ARTICLE 1.-THE domicile of this cor
.sstion shall be in the city of New Or
p.as state Of Louisiana, and all citations
"a other legal processes shall be served
10, the President, or, In event Of his
sbseuce or inability TO act, then upon any
sfaer officer or agent OF the corporation.
w provided by the laws of this State.
.PTICLE II-The objects and pur-
,.sss for which this corporation is organ
"a and the nature of the business to be
csrried on by 1t are hereby declared to be
"a engage in the business of manufactur-
- bread pies, cakes and other confec-
,ie.s and to buy and sell and generally
- deal in such manufactured articles,
si,ber nj wholesale or retail; to acquire,
avn and operate in the city Of New Or
,.sus one or more bakeries and other es-
Adjustments for the manufacture, sale
and distribution of its products, and gen.
orally to do and perform all things incl
Ssntsl or germane to the objects and pur-
noses hereinbefore expressed.
rLRTICLE IV.-The capital stock of this
corporation Is hereby e hNed "a Sa the sum OF
ints and represented by one hundred
mo-, shares of the par value of one hun
dred (y1OO) dollars each, all of which shall
he common stock, and the amount to
which the capital stock may De Increased
is hereby fixed at the sum of twenty five
thousand dollars. The said stock shall be
issued only for cash or in payment of
preperty or services actually received by
or rendered to said corporation; said stock
sbsll be fully paid for at the time of its
issuance and thereafter be worcestershire.
Fifty per cent of the capital stock shall
no subscribed before the filing of this act
Of Incorporation and fifty per cent of the
amount so subscribed shall be actually
maid In before the corporation engages in
business, and the remainder of the amount
50 subscribed shall be paid in I'm one year
from and after the date hereof. The resi-
due of the stock shall be issued and paid
for subject to the action of the Board Of
directors, in conformity with existing
provisions of the law relating thereto.
The parties hereto have subscribed for
the number of shares set opposite their
4 respective signatures hereto, so that this
act of incorporation shall also serve rs
the orr yinal subscription; the balance OF
the capital stock shall be issued and paid
for rs may be hereafter provided for by
the Board Of Directors.
ARTICLE V.-AH the powers OF this
corporation shall be vested in and be ex-
ercised by Board of three Directors.
said Directors shall be bona fide stock
holders and shall each own, at all times,
Of least one full paid, non pledged share
Of stock. The first Board of Directors, as
well as the officers of the corporation,
shall consist of Il. Palmer Hardie, 2lI
Audubon Boulevard. New Orleans, who
shall be President; VIM. T. Hardie, 1il1
Jackson avenue, New Orleans, who shall
be Vice President; Elmer i. Young, 2326
Lowerline street. New~<Arleans, who shall
be Secretary Treasurer. The above named
Board of Directors and each succeeding
Board shall continue to hold Office for one
year, or until their successors are elected
and qualified. Failure to. elect Directors
al the annual meeting, as well as any fail
ure to elect officers at the annual meeting,
shall not operate to dissolve the Company,
but the directors and officers installed
shall continue to serve until their success
sors are elected and qualified. The per-
sons to be hereafter elected Directors for
subsequent years shall select from their
own number a President a Vice Presi-
dent and Secretary Treasurer. The
Board Of Directors may from time to time
and a the business of the corporation
mag dictate, combine any two of the above
Offices In one and the same person., ex-
crpt that Of President and Vice President.
On the second Tuesday Of January, 1921.
and each year thereafter, the stockholders
shall elect a Board of Directors for the
ensuing year; the Board of Directors. as
well ~ the officers already Installed, shall
continue In office until their SUCCESSORS
are elected and qualified. The election of
Directors shall be by ballot, and the per-
sons receiving the majority OF votes cast
shall be declared elected. For electing
directors, or for any other purpose, each
share Of stock shall be entitled to one vote,
uonal share Of stock shall be entitled to
vote. majority of the Directors voting
q any one time, In person or by proxy,
shan be required TO pass any resolution
or adopt any bylaw, and which, when
30 adopted, shall become valid corporate
acts In case Of vacancy on the Board or
among the officers. from any cause, the
remaining members Of the Board shall
nave the power to enact such bylaws,
rules and regulations as In their opinion
NAY be necessary and proper for the man
sgement, operation and control of the bus
hess Of said corporation.
ARTICLE .vI.-Notice of all meetings
hela for the election Of Directors, or for
ing BY the Secretary and may be served
personally or deposited in the mail, ad-
dressed, fifteen (l5) days before such
meeting 10 held, and directed to each stock
neloer at his last known address, as the
nme shall appear on the books of the cor
poiaton, unless said notice is waived In
.nung by all Of the stockholders appear
ING upon the books. At all meetings Of
sosshoiders a majority of the votes cast
sssn De sufficient to elect or decide all
sussuons voted upon, except for the al.
..sisuon, amendment or the dissolution of
.AkTicLB vII.-This act Of incorpora-
" nay be altered, amended or modified,
~ ccrporation dissolved, by a vote Of
ss talrcs IN amount Of the capital stock
aycated at q general meeting of stock
,ssseeel called for that purpose, after no.
~ w - provided in Article vi Of this char
ano IN case Of dissolution of the corr
nuee the stockholders at such meeting
49, -. esect three go liquidating commits
no VINO shall have entire charge Of
"a p LIQUIDATION, with authority to sell
tsss dispose OF the assets Of the corpora
uo., and to all vacancies occurring in
ne1f number.
.ANIlCLE vIII.-No stakeholder shall
esss oe neid liable or responsible for the
sux , or faults Of this corporation in
dps t ,S sum than the unpaid balance