The herald., 1920-05-13
CHARTER OF RUSSELL SUGAR COM
PANY, INCORPORATED.

\ United States Of america. State of Lou !
! i>iana Parish of Orleans. city OF New pr
leans. Be it known. That on inns mr. -
day of the month of April. in the year OF
| our Lord one thousand nine hundred ana
! twenty before me, Bernard Iitche. No
| tary Public in and for the PARISH OF VI
! leans State of Louisiana. duly commlS-
| stoned and qualified and in the presence
| of the witnesses hereinafter named anu
undersigned. personally came ana appear
| ed the several persons whose names are
hereunto subscribed. who Severally De
cIared that availing themselves OF me
laws of the State Of Louisiana, relative to
rhe organization of corporations. they nave
covenanted and agreed and bind thenl-
selves as well as such other persons WHO
,mav hereinafter become aSSoclateu WIN
, them or their successors. tn form ana con
! | stitute a corporation and body politlc IN
law. for the objects and purposes and nm
, der the agreements and StipueitlOnS iol-
lowing. town.:
{ ARTICLE The name and style of
This corporation shall be- Russell sugar
COMPANY. Incorporated. and under that
= corporate name il shall have ana ENJOY All
! ! the rights and privileges granted by law
r to corporatiOns: il shall exist for period
of ninety nine (99 years from the date
= hereof
. ARTICLE 1.-THE domicie OF said cor
I | marathon shall be the City of New orleans
= Parish of Orleans. state of Louisiana am an,
= ali citations and other legal process Shal
y he served upon the President OF the sai'
" CORPORATION. and. in the case or ms ap
sence upon the Vice President and, in III
case of the absence of both of these ofti
4 GERS upon the Secretary therot
ARTICLE III..The objects ana pubb
r. iished and the nature of the business |
5: he carried on by it. are hereby declare
" to he. to carry on general daa1
molasses. sugars. syrups. merchandlS
f goods wares food commodities ana pr
Is dncts of every sort. kind or description
AT as commission merchants ana brohtr
a and as buyers sellers and dealers; 10 bu
jy sell and lease plants. tank cars taI
d hargpS tank vessels: to erect storage an
canning plants, and any and all appurtei
ances necessary for carrying out the D.
Il. iects and purposes of the company
have branches at any points necessar
- either i'm the United States or elsewhei
for the successful operation of said bus
ARTICLE IV.-The capital stock of ii
corporation is hereby fHrd AT enc sIoo S onn
Or divided into one thousand (1.OOO) shares
nth the par value of one hundred doiia
of (S1O0O0) each, each share 10 DC P pau
md in such manner as the Board OF Dlrect'
the NAV determine. The amount or the 90
red tai stock may be increased to TO- Two Noo n.
A dred thousand dollars tS2Uo!VVOOVI, =
MS the said corporation shall be autnorl,
", to begin business. and shall be goi
I'D concern when fifty per cent or It's capl
fter stock shall have been subscribed.
ON. fifty per cent of all stock subscribed
Nor shall have been paid in. All sales Z
r;h | other transfers of any of the stock OF
III CORPORATION shall be void unless said ST.
'ital shall nave peeh Prhoidnrs tbrouph
who then eNistInS 80 ~ a st;nuIated mr.
W. and IL the Board. for the said stockhC
W ers does not see fit TO purchase said ste
81 VI then II shall not be sold at less pr
~ or unon more favorable terms. with
re, likewise offering it to the Board at $
.hnr nrice and upon said terms. In case
no sale or transfer Of stock. or the Issue
20 increa sed capital stock. the then hol'
90 W of stock of the company shall have
e. right to purchase said stock IN the
the OF the,r hoin tor 90 stock shall he b
W ing upon the corporation unless II
.h;s upon it's books. and said transfer shai
Ne, made only upon surrender or proo'
aa;d loss or destruction OF the outstanding
tbor- | tificate. .o mn,
Ihor ARTICLE V.-All the corporate pc,
nv and authority of this corporation shal
,ued Ves,eu III: e.o;rs shall he exercised
a Board of Directors. composed OF
~ stockholders. to be elected annuall!
CUE ballot at general meeting OF the 5,
pand holders on the second day OF the nom
ss directors shall be regarded as 1or1e
lNed nf This charter ANY vacancy occur
and OF inns III Pnard shall he filled by
alton on lne siu p;roctors for the uneX
SUN term. Said Board of directors sna
fe;us the first meeting after It's elecuon'
.ho of its number a President. wee
.he dent. a Secretary and Treasurer, 90
pleas- which last two officers may be com
5 cor i" ARTICIE Who stakeholder shall
VT | ha hold liable for the contracts or
L', of said corporation in any Iurtns y
,ISs than the unpaid balance due 10 lnt
~ his poration on the shares OF STOCK OWN