The herald., 1920-08-19
CHARTER.

as shall be fixed in the by laws of this cor
| pOration. These meetings shall be held at
| the dOmicile of the corporation. but the
| president may call special meetings of the
( board of directors ut such times as TIE
/ NAV deem advisable. and he shall Ice re
| quired to call such special meetings when
| ever requested to do 80 by three members
! Of the board Of directors Three days no
| tice of such special meetings shall Ice given
| in writing To tn" directors unless waiver
! of notice il signed 10y tn" directors. Any
| vacancy occurring on the board. either
| from death. resignation. or inability To
! serve. shall be- filled 10y the board OF
| directors at its next regular meeting after
/ such vacancy shall have occurred. Tn"
! first board of directors of this corporation
/ shall be required to draft suitable by laws
| for the government of this corporation.
! which may be altered, amended or changed
| AS the oNigcnci"~ of the cas-" may require.
ARTICLE NII-Th" stock Of this cor
! pOratiOn may b" transferred. provided
! such transfer shall hc recorded upon the
| books of the corporation before II shall be
| required to recognize tn" transfer or tho
! new holder Of said stock. The total
! amount Of the subscribed stock. as herein
set forth. is the sum of Seyeuty-tiyc thou
sand $50 OuO.OoI dollars. which Is hereby
authorized to Ice issued fully paid and
| non a sscsSahIc. for cash. or in exchange
for property. according TO law. That, save
| as hereinafter provided. no share or in
tcrpSt in the company shall at any time
be transferred to any person not already
| q shareholder, so long AS any shareholder
! 10 willing to purchase said share or inter
est at the prescribed price. That in order
| to ascertain whether any shareholder l.
willing to purchase any such share or in
tcrcSt. the person. whether a shareholder
Of the company or not. proposing to
transfer thu. same. hereinafter called the
retiring shareholder" shall give notice in
writing To the company that he desires 10
transfer the same, and such notice shall
constitute the company his agent for the
sale of the share or other interest to any
| Shareh older of the company at the pre-
| scribed price. That if the company shall
within the space of thirty days after such
notice find a shareholder desiring to pur-
chase such share or interest, hereinafter
called the purchasing shareholder and
shall give notice thereof To the retiring
| shareholder, he shall he bound at such
time within fifteen days thereafter. as the
. company shall appoint. upon payment of
the prescribed price to transfer such Shar"
| or interest to the purchasing shareholder.
That if in any case the retiring share
. holder after becoming bound as aforesaid.
makes default in transferring such share
or interest. the company may receive III"
purchase money and shall thcrcupOn Cau>'
the name of the purchasing shareholder To
Ice entered upon the register as the holder
| of such share or interest, and shall hold
the purchase money in trust for the re
firing shareholder. his executors. admins
TRAITORS, or assigns. and the receipt of the
company for the purchase money shall be
a good discharge to the purchasing share
holder, and he shall not be bound TO see
to the application thereof and after the
name of the purchasing shareholder has
been entered in the register in purported
exercise of the aforesaid power. the val
idity of the proceedings shall not be qucS-
toned by any person. and the purchasing
| shareholder shall be deemed and taken to
be the owner OF the said share or interest.
| That the prescribed price shall mean the
amount paid in on such share or interest,
| plus the prOpOrtiOnate part of undivided
p profits. provided that if. instead of there
being undivided profits. there exists an
impairment Of capital of the said COM
pany. then the prOportionate part OF such
b. impairment shall be deducted from the
amount paid in upon such shares or in
p terest in aSccrtaining such prescribed
= price. That the company shall in all cases
on receiving notice of desire to sell stock
: as aforesaid. allow the other shareholders
the opportunity to take same in proportion
to their respective holdings of stock in the
% company, making all necessary adjust
ments TO avoid fractions of shares and
for that purpose giving the preference III
r all cases to shareholders who have the
largest holdings.
ARTICLE VIII-This charter may b,
o modified. altered. the capital stock thereof
p increased or decreased, or the corporation
Q may be dissolved with the assent of two
g thirds of the capital stock present oil
T. | represented at any meeting of the stock
: holders held for that purpose. after priol
n notice in writing to each stakeholder. OF
' mailed to him at his last known postoffic'
4 address. all in accordance with the terms
4 of Act 267 of 1914.
ARTICLE IX--At the expiration of thi
: charter or the earlier dissolution of thi
L corporation for any cause, its affairs Shal
r be liquidated by two or more liquidator
! to be elected by the stockholders. all o
II whom shall hold stock in said company
and said commissioners are hereby veSte'
q with full power and authority to lquidat
o the affairs of said company, with 1ul
], power to act.
e ARTICLE N.-The appearcrS hereby de
3 clare that they have subscribed to the fol
z lowing number of shares of the capita
q stock of this corporation. tO-wit:
: John 4. Gibbon. Jr.. 2O06 Canal Street
5 New Orleans. Louisiana. two hundred an,
d thirty (23Ol shares +. J. DOmergue, SOut
= CarroIltOn Avenue. corner Cshn Street, NeN
IS Orleans Louisiana. one hundred am
Is eighty 1SO) shares; David Svewright, Isl
: Elm St, New Orleans. Louisiana, fifty 600
10 shares: f.. VI. Schegel. SOIL Hickory Street
d New Orleans. Louisiana, fifty (jO) shares
A. and Henry II. Flaspoller, 1923 State Street
New Orleans. Louisiana. two hundred an
u forty GAO shares.
Thus done and passed, In my ottlce;
r the City of New Orleans, on the day
r month and year first above written, IN TN
/ presence of st. Clair Adams and j: \
al Swing, competent witnesses, VINO nav
[. signed these presents together with tn
IN said appearers and me, Notary, after du
Of reading of the whole.
(Original signed
IS JOHN r GIBBONS. JR..
ID Two hundred and thirty (230) shares.
+. j. DOMERGUE,
Of One hundred and eighty shares.
s. DAVID SlN IL hlbhl,
Is Fifty shares.
D. +. NJ. SCHLEGEI..
d. Fifty shares.
o. HENRY II. FLASPOLLER,
D. Two hundred and forty shares.
D. FRANCIS y. BURNS,
Notary Public.
il Witnesses: st. Clair Adams, ]. n. Sw;nl
NJ l. the undersigned Recorder of Mort
| cages in and for the Parish of Orean:
n State of Louisiana, do hereby certify tina
10 the above and foregoing Act of lncorpora
"A ton of the Pelican Cracker Factory. In
X corpOrated, was this day duly recorded !
N my office in Book 1912, folio -. Me-
Orleans, July Is, 1920.
8; (Signed) EMILE j. LEONARD,
is by. Il.
n. FRANCIS T. BURNS.
r Notary Public.
K July 22-Aug. &C.
le CHARTER OF NATIONAL IMPORT
or EXPORT COMPANY, INC.
r United States of America. State Of LOT
I'd isiana, Parish of Orleans, City Of New Oh
ty leans Be il known, that on this sil