The herald. [volume] (New Orleans, La.) 1905-1953, 1920-10-07
CHARTER OF LONGING COLLINS
INC.

United states of America. State Of Lou
tSiaua, Parish of Orleans city of New Or
leans. he il known, That on this TWEEN
leth day of the month Of August in the
year OF our Lord one thousand nine nun
dr"d and twenty. and of the Independence
% fihe United States of America the one
NJ the United States Of America the one
thur 4. Moreno,a Notary Public. duly com
mi>siOned and qualified. in and for this
City and the Parish of Orleans therein
residing. and in the presence of the here
matter named and undersigned witnesses
personally came and appeared the follow
ing named persons. whose names are here
unto subscribed. together with the amounts
of their respective subscriptions to the
capital stock of the corporation to be
formed. who severally declare that, avail
ing themselves of the provisions of the
general laws Of the state of Louisiana rel
ative To the organization of corporations
they have covenanted and agreed. and by
these presents covenant and agree. and
bind and Obligate themselves as well As
such other persons as may hereafter be
come associated with them or their sue
into a corporation and body polite i'm
law. and for the objects and purposes and
under the agreements and StipulationS
following. tO-wit:
ARTICLE 1.-The name and title of tbne
Corporation shall be LOngino & Collins
Inc. and by that name this Corporation
shall have power and authority to have
and enjoy succession for the full term of
to contract. sue and be sued: TO borrow
money; to make and issue its negotiable
debts: to make and use a corporate seal !:
to purchase and receive. lease. hold. sell
and convey. well as mortgage and
hypOthecate. property. real. personal and
mixed to build on and improve any prop
ertN or real estate; to name and appoint
such officers and agents as the interests
| of said corporation may require; to make
and establish such bylaws and regulations
Tor the proper management and regulation
| of its affairs as may he deemed necessary.
and the same to alter change and amend
at pleasure.
ARTICLE 1.-THE dOmicile of this Cor
! poration shall be in the City of New Or
| leans. State Of Louisiana, and all citation
and other legal process shall be served
upon the President of this Corporation. or.
in case of his absence upon the Vice Presi-
dent. or, in case Of the absence of both
Of these officers. upon the Secretary there
of.
ARTICLE III.-The objects and nur-
poses for which this Corporation is estab-
| liShed. and the nature of the business to
he carried on by it are hereby declared to
be to do general commission and brok-
erage business in produce. farm products
and fOodstuffS of all kinds to act as
agent for others in the sale and distribu-
ton of farm products and foOdstuffS; to
engage in the manufacture and sale of
SausageS, hams and various kinds of meat
products. and generally to do each and
with the operation OF a general produce
business and to manufacture foodstuffs
ARTICLE IN.-The capital stock of this
Corporation shall be fifty thousand $50
O00O0l dollars. divided into five hundred
l5OOD shares of the par value OF one hun
dred Sl0O.GOl dollars each. and may be
Increased sis,T to tn" sum o Of two hundred
rided into twenty-five hundred (25OOl
shares of the par value of one hundred
lSloo.O0 dollars each. and this Corpora
non is to be going concern when one
hair Of the capital stock has been sub
Scrihed for and one-half thereof paid for
Each share of the stock shall be entitled
10 one vote either in person or by proxy
NJ al general elections or meetings of
stockholders. Should the capital stock
OF this Corporation ever be increased over
the sum of fifty thousand $50 O0OOO dol
lars, then such additional shares of stock
That may he issued shall first he offered
to the holders of stock at the time of issu.
ance at the book value of said new stock
IN the proportion i'm which the said stock
holders shall ut the time of issuance hold
STOCK IN this Corporation. and should any
stakeholder not purchase his proportion
ate share. then said share shall he offered
to the other stockholders in proportion to
the number of shares held by them at the
time of the issuance of the new stock
Part Of the stock has been paid for in
property. as per annexed inventory
ARTICLE N.-The capital stock Of this
Corporation may be paid for either in
money. property or labor done and in CON
sideratiOn of the transfer by the CONNER
cial partnership of Longino & Collins of
the property described in the inventory
attached hereto, the corporation has given
and transferred TO the said commercial
firm Of LONGING & Collins two hundred
fifty (25O) shares OF the capital stock of
this Corporation in payment of the prop-
erty described in said inventory and has
granted full discharge and acduittance 70
Longino K Collins and the individual
members thereof for two hundred fifty
l2JO shares of the capital stock of this
Corporation.
ARTICLE VINO stakeholder shall eyer
be held liable or responsible for the in
debtedness. faults or defaults OF this cor
poration. nor shall any mere informaIitv
In the organization of the Corporation
nave the effect of rendering the charter
null or OF exposing the stockholders TO
any liability beyond the unpaid balance. if
any, on his stock subscription. Should
any stakeholder desire to sell his stock he
snail first offer the same to the stock
holders of the Company at its book value.
through its Secretary. and the stockhold-
ers who desire to purchase shall have the
right to purchase the same in the proper
tton TO their respective holdings Of stock
in the Company. Should any stakeholder
not wish to purchase his proportionate