The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-05
CHARTER.


In. blend, manufacture and refine, moiasses,
syrup, glucose and sugar or either y,
them and other products or artcies, anu
to do a general merchandising ana paeH
ing business either wholesale or retail or
both, to buy, sell, lease, acquire, by pur.
chase license or otherwise, use, take out
or obtain trade marks, trade names anu
labels useful, necessary or ADVANTAGEOUS
in the conduct of its business, and gen
orally to do all and everything necessary
or proper In order to carry out and exc
cute any or all of the foregoing objects
and purposes.
stock of this corporation is hereby fixed at
the sum Of ten thousand dollars $1O,OOOOo)
divided into and represented by one nun
dred (10O) shares of the par value or one
hundred dollars (S10OO0) each, and shall
be paid for in cash, or may be issued at
par in payment for property actually pur-
chased by, or services rendered to this
corporation, at such times and in such
installments as the Board Of Directors may
direct.
The amount to which the capital stock
OF this corporation may be increased is
hereby fixed at fifty thousand dollars
$3.50. 900. 0O) divided into and represented by
five hundred (5OO) shares Of the par value
of one hundred dollars (S1OO.O0) each. and
said stock, or any part thereof, may be
issued on complying with the requisites
| of law, and said stock so issued shall be
paid for in cash, or may be issued at par
| in payment for property actually pur-
| chased by, or services rendered to this
| corporation. as such times and in such
| installments as the Board of Directors
may direct.
This corporation shall be authorized to
| commence business, and be n going con-
| Germ, as soon as One-half of its authorized
capital stock of ten thousand dollars is
/ subscribed and one-half thereof shall have
been actually paid in.
| ARTICLE Iv.-The domicile Of this cor
poration shall be in the City Of New Or
| leans, State OF Louisiana. Citation and all
| legal process shall be served on the Presi-
| dent, and in his absence or inability to act,
upon the VicePresident. and in his alb
| sence or inability to act, upon the Secre-
tary- Treasurer
ARTICLE VAN Of the powers of this
corporation shall be vested In and eaer-
| posed Of three stockholders, to be elected
| annually on the first Monday OF January
| of each year, and majority OF whom
shall constitute quorum Tor the trans
action Of business, and majority OF votes
cast shall decide all questions; all such
elections shall be conducted at the office
of this corporation in the City OF New
l Orleans, under the supervision OF three
commissioners appointed by the President
Notice of such election and Of all other
meetings of stockholders whatsoever, un'
less waived in writing, shall be given by
depositing in the United States Post Ofmce
in New Orleans, not more than fifteen
days nor less than five days prior to the
date of such election or such meeting, a
notice Of the holding thereof. enclosed In
a postpaid wrapper, addressed to each
stockholder at the last address furnished
to this corporation by said stakeholder
and in the event no address is furnished
then addressed General Delivery" New
Orleans, La. At said election, and at al
other meetings of the stockholders, the
voting shall be by ballot, and each stock.
holder shall be entitled to one vote fol
each share of stock standing in his name
on the books of the company, to be cast
in person or by written proxy.
| Five per cent of the outstanding capital
stock of this corporation shall constitute
a quorum at any and all meetings fol
the transaction of any and all business
, except as otherwise provided by law. TIL,
majority of stock voting shall decide al
questions, except as otherwise provided
by law, or by this charter.
The Board Of Directors shall have tn,
right to fill for the unexpired term any
; death, resignation or otherwise, eveI
though the number be by said couses Of
either of them reduced to less than
quorum.
. The failure to hold an annual election
, or to elect Directors as above provided
shall not dissolve the corporation, but tn,
Directors and Officers then in office shall
cause an election to be held as soon a
e be given as above provided for the hold
z ing OF the annual meeting of stakeholder
+ pending which election the then Director
Q and Officers shall remain as such unit
a their successors are duly elected and shall
have qualified.
The Board of Directors, shall, within
8 thirty days after each annual election
r elect from their number a President,
Z vice-Ppresident, and shall also elect
n Secretary Treasurer. The Secretary Treas
b urer need not be a member Of the Boar
e Of Stockholders, and the Board of Di
rectors shall have the power to cleo
4 from their number such additional Vice
Presidents and also such Assistant Secre
tary-Treasurers, as In their judgment seer
best, and such Assistant Secretary Urea.
q urers need not be stockholders or mem
Y bers Of the Board Of Directors.
The Board Of Directors shall have tn
X power Of delegating all or any of its pow
= ers In the transaction Of the business
&c this corporation to a committee or con
=. mittees Of its own body or to officers an
!. agents Of this corporation.
y Any and all directors and officers sba
a hold Office at the pleasure of the stool
~ holders, who may. at any general mestin
To- convened for that purpose on notice ,
~ above provided for the holding Of the al
81 81 dictatorship or office vacant, and seie
a, successor or successors to such direct,
- or oficer, and 1t shall be the duty of ii
IA secretary and the President to call NEE
'e writing of ten per cent of the CAN'T
nr ing. A'''" 'ne" 'u's'an
$. The Board of Directors shall have pow
90 to adopt bylaws for the government
ul this corporation, and to alter, amend
ee abolish the same at pleasure at any sp
b. cial or general meeting Of the Board
A. Directors, and no previous notice of
be intention to alter, amend or abolish 4
80 bylaws shall be required.
b. The first Board Of Directors shall
composed Of: Edwin l.. Powell, whose pc
Office address is 1855 Tchoupitoulas Sire
New Orleans, La; w. Scott Bryan, who
&c. post Office address Is 1855 Tchoupitoul
Street, New Orleans, La, and William
Purves, whose post office address is II
&C. Tchoupitoulas Street, New Orleans, 1
Who shall hold office until the annu
meeting In 1921, or until their successo
90 are duly elected and qualified, and Edw
70 l.. Powell, shall be President; w. Sec
Bryan, shall be Vice-President, and w
/. liam II. Purves, shall be Secretary Tres
=, urer.
~. ARTICLE vI.-This act OF incorporate
in may be modified, added to or changed.
No said corporation may be dissolved IN I
10. manner provided by the law Of the Sts
"a Of Louisiana, at the time such action
"a taken, at a meeting of the stockhoies
10 convened for such purposes and called
"a the same manner as is provided here,
;s- above for he calling Of the meetinS
20. the annual election Of the Board OF
nS rectors, and whenever this corporation
"a dissolved, either by limitation or by VI
a Of its stockholders, its affairs shall
o,- liquidated by three iQuidating comm