The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-08
CHARTER.

in the manufacture OF SyrupS, mOlaSSes
and sugars, from sugar cane beet and
other raw products used in the manufac-
ture of sugar To acquire by purchase.
lease or otherwise. and to manufactur"
and construct machines of any kind or
character. and to equip, erect and install
the same for use and operation by cleo
tricity compressed air. oil. gas or by
other means of motive power, and to OPP
crate use. sell, lease and hire the same
ANA TO carry on any business necessarily
connected with incidental to, or compli-
mentary to the objects stated. t3) To
enter into make. perform and carry out,
contracts of every Kind and nature. nor
contrary to law. with any person, hrm'
association or corporation, ana 10 carry
ON any other business which. under the
Inv il may Ice entitled TO conduct, which
may seem to the corporation to he cal
,.uI,trd directly or Indirectly, 10 eject
the aforesaid objects, or the either OF
them. or to facilitate il in the transaction
of its aforesaid business or businesses
or amy mart thereof or in the TRANSACTION
of any other lawful business that may ne
calculated, directly or indirectly. 10 en-
Lanc. the value of, or to render prohtabl",
any of the corporations property ana
ri,.lts and generally to hold and cNcrciS"
all such incidental powers and privileges
IS relate to che objects aud purposes mere
/ ;uYhoy,, set forth. or ~ may b" necessary
useful or convenient, in ch"ctinS Sald CD
/ jcctS and purposes.
A liz
| -,oE of This corporation is hereby De
rI.rrd to be- the sum of four huhdr'd
Thousand dollars. The presently autn"I
lid ,apital stock of this corporation Sh"Il
he represented by four lhous'h1 ShI,
I AZ mar value of one hundred uoIlaFN
/ .,rb The said capital stock shall De rep
resented hy certificates, and shall DE per
sonaI property, and shall be fullN Palu l"r
in cash or property. and nol-aSSSNS'ti'r ~
] whom issued No transfer of STOCK Sh;,ii
mad. in accordance with its charter ana
,by-IlwS and recorded on the books thtr'-
of OF the said capital stock, OF TOUR nun
dred thousand dollars. 1t Is now aErt'I
/ . Uour the stockholders, that Louis .
N,rtal of New Orleans, La, snail sun
srrihr for one hundred one thousand dol
lars of The capital stock, ana ln' s"i"
LouiS J. Martel shall pay Tor sara S'o,N
by transferring to this corporation o",
hundred and one shares. held 10y MN. o'
,b,, r,uital stock in the Martel Filter
IToulpanv Inc. which stock, according u
the charter OF said corporation, i oil Il PAL
value of one hundred dollars Ana Il ma
iority of the Board OF directors ol nn'
Nartpl Apparatus Company. Inc slshln-
his charter hereby appraiSe ana Nalu'
tLt one hundred and one shares OF 'h'
capitaI stock of the Martcl tllter CoHI
many Inc. 10 be transferred by LOUIS =
Martrl. NJ the sum OF one hunuIeu o''
tLouSuud dollars And il is further agreed
and simulated that Louis J. Martel Shal
sell transfer and assign 10 the Martel AP
paratus Company, Inc, the rlght ana P'l,
iIprr which he as inventor. has. 10 patent
in all foreign countries and possessions
otbrr than the United States of America
i'm his inventions for the hltratloh u
sugar solutions. juices, syrups etc.' uS''
in the manufacture of sugars, syrups 1 I'
mol,sscs And he shall transfer, IN auul
ion all nntents and rights he has ac
Iuuired with regard to inventions anu us
royerirs above described. 1t beng th'
intention aud purposes of the parties mere
IN that Louis J. Martel shall assign, trans
for Ind deliver all patents. trade marks
, and all rights he has to patent ana Oh
, rain trade marks. in foreign countries, 10
, his Invention for the filtration OF suSa
solutions. juices, syrups' etc, useu a" NO
, manufacture of sugars, syrups ana mo
I,sSeS IL is further agreed ana s'pu
: lated that Louis J. Martel shall suoscrlo
FOR one hundred and twenty-five thousah'
dollars stock in consideration OF the lran l
natrnts and rights to patent ana ODtall
, trudC marks. for his aforesaid Invention
in foreign countries, that he shali De give
! one hundred and twenty-five Thousand uol
| lars of the capital stock of the Martel ap
. uaratus COMPANY Inc. and majority o
! The Board of Directors of the Martei Ap
pargtus Company, Inc, signing this Guar
ter hereby appraise ana Naiue tIe san
natents and rights at one hundred TWEEN
ity-fye thousand dollars. 1t is 1urthc
greed and stipulated that the capital stoc
subscribed for by l ouis j. Martel shalI =
}. issued to him upon his transferring III
aforesaid one hundred one shares OF stoc
in the Martel Filter Company, Inc, an
+ his aforesaid patents, and rights to pa,
!. ents in foreign countries, ana that sal
= stock shall be considered as fully pald 10
+ rho total subscription and total amour
@ Of stock to be issued TO Louis J. Mart'
Il is rs follows: Subscription s22o'OVON
!. stock to be issued. S226 100000. CTwo hui
V bred and twenty-siX thousand eachJ
!. ARTICLE V-The business of this CO.
$ poration shall be managed' anu an co
q norate powers thereof shall be vested 4
q and exercised by q Board of directors,
? not less than seven stockholders nor mo-
e than fifteen and majority of Director
> either present. in person. or represent
lie by proxy, shall constitute quorum.
l. ARTICLE yI.-The first Board of d
he rectors of this corporation is hereby hXt
r at seven and shall be CONF Osed OF Lou
J. l. Martrl whose pOstOffice address Is "a
y Valmont street, New Orleans La; dol
lr eIson Caffery. whose postofice address
y GOO Maison Blanche Annex, New Orlean
l. La: Frank Bethune, whose postoitlce "a
10 dress is sos Perdido street. New oriean
d Ia: George ii. Conrad, whose postohl
n address is 5000 Dauphine street, New "
ii leans La: Horace Wilkinson, whose pos
l. office address is Port Allen, La. john
/: Minor. whose postOffice address is BiloN
Is Miss; Charles Wilbert whose postoffice az
Is dress is Plaquemine, La; with Louis
"a Nartel as President: John ID. Minor.
- Vice President, ana George ii. conrad
Is Secretary Treasurer. SAID Board OF II
n | rcctors shall serve until the first meetlI
"a | of stockholders. for the election of Dire
~ tors or until their successors are elect'
. or qualified.
n ARTICLE VII.-On the first Monday
- January. 1920 and annually thereafter,
3 the first Monday in January in each yea
: n meeting of the stockholders of this co
poration shall be held at its dOmicile. T.
NJ the purpose of electing Directors Tor u
- ensuing year. A failure, from any eau
y, whatsoever to hold the annual meeting
:, stockholders, or the failure to elect J.
". rectors at the time stipulated above, shs
VI not dissolve this corporation, nor aie
II the business of same. but the Directo
VI and officers then in Office shall remain
IL office until their successors shall have he
" respectively duly chosen, elected, quallh
Us and installed.
y. ARTICLE VIII-This Charter may
~ amended and the capital stock of this CO
~. poratiOn may be increased or decreased,
III This CORPORATION nay be dissolved IN
~ method and manner provided by law.
nd ARTICLE IX.-NO stakeholder of Il
rs CORPORATION shall ever be held liable
GO RESPONSIBLE for the contracts or faults
nv this corporation in any further sum IN
- the unpaid balance on the stock, for viii
~ he has subscribed. nor shall any informs
- ity in organization have the effect OF r.
= dering this charter null or of exposing
-, =. stakeholder to any liability than as abe
IT, provided.
mr. Tnus Gone and passed at my office,
~ the CITY of New Orleans, Louisiana,
II the day, month and year hereinfirst abe
or written in the presence of Percy T. Bro