The herald. [volume] (New Orleans, La.) 1905-1953, 1920-09-30

United States of America State Of Lou
lSlana, Parish of Orleans city Of New or
leans. Re it known. That on this TWEEN
tIcth day of the month Of August in the
year of our Lord one thousand nine hun
drrd and twenty. and of the Independence
o fthe United States of America the one
OF the United States of America the one
thur \. MurenO.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
or their respective subscriptions to the
capital stock of the corporation to be
formed. who spyerally 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 cOv"nanted and agreed. and by
these presents covenant and agree. and
bind and Ohligate themselves, as well as
such other persons as may hereafter be
come associated with them or their sue
c"SSorS. to form and constitute themselves
into corporation and body polite in
law. and for the objects and purposes and
under the agreements and stpulations
following, to-wit:
! ARTICLE 1.-The name and title of this
Corporation shall be Longino 4 Collins.
I Inc. and by that name this Corporation
! shall have power and authority to have
| and enjoy succession for the full term of
ninety min" years from the date hereof
! 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. as well as mortgage and
| hypOtheCate. property. real, personal and
/ mixed, to build on and improve any prop
| "rty or real estate: TO name and appoint
| such Officers and agents as the interests
| or said corporation may require; TO make
and establish such by laws and regulations
1 a ~ rlpf inr,
| OF its affairs as may be deemed necessary
and the same to alter. change and amend
! at pleasure.
| ARTICLE 1.-THE dOmiciIe 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 Prcsi-
| dent. or. in case of the absence of both
OF these officers, upon the Secretary there
| of
! ARTICLE l1I.-The objects and pur-
! poses for which thiS Corporation is cstab-
| liSh"d, and the nature Of the business to
be carried on by it are hereby declared to
be to do general commission and brOk-
eragc business in produce farm products
and foOdStuffs of all kinds. to act rs
agent for others in the sale and distribu-
ton of farm products and fOOdStuffS: to
engage in the manufacture and sale of
SausaCeS. hams and various kinds of meat
products. and generally to do each and
every act and thing done in connection
with the operation of general produce
business and TO manufacture fOOdStuffs.
ARTICLE IV.-The capital stock of this
Corporation shall be fifty thousand $50
OOOOO) dollars divided into five hundred
tl0Ol shares of the par value of one hun
dred (SIOOOO) dollars each. and NAV he
increased to the sum of two hundred
fifty thousand (S25O OOO.OO) dollars. di-
Vtded into twenty-five hundred (25OO)
shares of the par value of one hundred
dollars
tion is to be going concern when one
half of the capital stock has been sub
Scribed for and one-half thereof paid for
Each share of the stock shall be entitled
10 one vote either in person or by proxy.
at all general elections or meetings of
ftOckhOlderS. Should the capital stock
of this Corporation ever be increased over
the sum of fifty thousand $50 900 OOD dol
lars. then such additional shares of stock
that may be issued shall first be offered
to the holders of stock at the time of isSu-
ance at the book value Of said new stock
in the proportion in which the said stock
holders shall at the time of issuance hold
stock in this Corporation. and should any
stakeholder not purchase his proportion
ate share. then said share shall be offered
to the other stockholders in proportion to
the number of shares held by them mt the
time of the Issuance of the new stock
Part Of tn" stock has been paid for in
property. as per annexed inventory.
ARTICLE V.-Thc capital stock of this
Corporation may he 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
tn" property described in the inventory
attached hereto. the corporation has given
and transferred to the said commercial
firm Of LONGING x Collins two hundred
fifty t250l shares of the capital stock of
this Corporation in payment of the prOp-
erty described in said inventory and has
granted full discharge and acquittanCe 10
Longino < Collins and the individual
members thereof for two hundred fifty
900 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 informalitv
IN the organization OF the Corporation
have the effect of rendering the charter
null or OF exposing the stockholders TO
any liability beyond the unpaid balance. IL
any, on his stock subscription. Should
any stakeholder desire to sell his stock he
shall 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 10 purchase the same in the proper
tion to their respective holdings of stock
in the Company. Should any stakeholder
not wish to purchase his proportionate