The herald., 1920-02-19
CHARTER
Of INCORPORATION OF Il. !
Bi yoUNG COMPANY. INC.

On 100 and Of the lndepehdenee OF tn'
ualy,a states Of America the one nun
trsS and fOrtyfOar'SS ot DGlSfe Pubic dull,
7. fasioned and qualified In and for the
c0mmis.;sb and State aforesaid, therein
cit, ~ and in the presence OF the wit
resioa Hereinafter named ana Undersigned
nessosIly came and appeared the severa
persona" chose names are hereunto sub
persons u'bo declared that, availing them
eflpeu the provisions Of the laws OF
Nlsess " relative to the formation and
tbs EATON of corporations, they have
ofgahn,sd and agreed, and do, by these
cessnts. covenant, agree ana olha mem
pfecn well as those who may here
elves' ename associated with them, To
dfef Sen selves into corporation for the
form and purposes, with the name and
objees the stipulations following, to-wit
unaertCIE 1.-The name ana style OF
.,s. corporation shall be II. 1. 1oung Com
pany, have and enjoy existence and sue
u snsn FOR a period of ninety nine years,
cessloA sooner dissolved, and shall have
unR ne rights, privileges and immunities
-, ~ are now or may hereafter be grant
"a by law to corporations Oh tne same
nne name il shall have the power and
pelas IN contract, sue and be sued, 10
atas and use corporate seal, the same
DE- ss.sk or alter at pleasure, and TO make
" necessary rules ana regulatiohs TOT It's
s.,norate management ana eontroi.
aRTICLE 1.-THE domicile Of this cor
.,sian shall be In the city Of New Or
pclset state Of Louisiana, and all citations
ks' ,,ber legal processes shall be served
DC che President or, In event Of his
spnee or inability to act, then upon any
spr asf,cer or agent of the corporation
" provided by the laws OF this State.
w.pTICI,E III.-The objects and pur-
AZ Tor which this corporation is organ
"a and the nature of the business to be
49,. - On by IL are hereby declared to be
~ angaee an the business OF manufactur-
y. bread, pies. cakes and other confec-
Ans and to buy and sell and generally
" dsal In such manufactured articles,
- n, wholesale or retail; to acquire,
san and operate in the city of New Or
80 one or more bakeries and other es-
sahi,sbmeBts for the manufacture, sale
"a distribution of its products, and gen
rally to do and perform all things incl
Ssafsl or geymane 10 the oDJects ana pur-
ssss bereinbefore expressed.
pIPTICLE Iy.-The capital stock of this
..rnorstiop is hereby fixed at the sum OF
,sr thousand (s10,000) dollars, divided
s.ta and represented by one hundred
fioQ) shares Of the par value OF one nun,
~ lf1OO) dollars each. all Of which shall
~ cannon stock, and the amount to
rsteb the capital stock may be increased
!, hsrpby fixed at the sum of twenty i've
,bsusapd dollars. The said stock shall be
;swed only for cash or In payment or
property or services actually received oy
q rendered to said corporation; said stock
shsll be fully paid for at the time OF Its
i.nsuce and thereafter be worcestershire.
INV per cent of the capital stock shall
= subscribed before the filing Of this act
Il Incorporation and fifty per cent OF the
amount so subscribed sbail De actually
ssid In before the corporation engages in
kssIpess, and the remainder of the amount
. subscribed shall be paid in In one year
5yom and after the date hereof. The resi-
Srs AZ the stock shall be issued and paid
for subject to the action Of the Board or
Directors. In conformity with exisung
proyisions of the law relating thereto.
m PARTIES hereto have subscribed for
IL number of shares set opposite their
s,spectiye signatures hereto, so that this
II Of Incorporation shall also serve as
ihe original subscription; the balance OF
~ capital stock shall be issued and PAID
n a. may be hereafter provided for by
he Board Of Directors.
ARTICLE v.-All the powers of this
esrpoFation shall be vested In and be ex-
eciped by a Board of three Directors.
az Directors shall be bona fide stock
d least one full paid, non-pledged share
d stock The first Board of Directors. as
telI as the officers of the corporation,
uAall consist of Il. Palmer Hardie, 2i1
ludubon Boulevard. New Orleans, who
Aall be President; VIM. T. Hardie, l4li
Jackson avenue, New Orleans, who shall
y Vice President; Elmer i. Young. 2326
LsWerline street, New Orleans, who shall
u Secretary Treasurer. The above named
Bard Of Directors and each succeeding
Bard shall continue to hold Office for one
yesr, Or until their successors are elected
and qualified. Failure to elect Directors
a he annual meeting, as well as any fail
uR to elect officers at the annual meeting,
: 6kall not operate to dissolve the Company,
hi the directors and officers installed
skall continue to serve until their success
rFs are elected and qualified. The per
Do1s to be hereafter elected Directors for
nbseQuent years shall select from their
een number a President Vice Presi-
III and Secretary Treasurer. The
lard Of Directors may from time to time
~ Is the business of the corporation
M dictate combine any two of the above
eIkes In one and the same person., ex-
ept that Of President and Vice President.
q The second Tuesday Of January, 192l,
~ each year thereafter, the stockholders
shall elect a Board of Directors for the
oQing year; the Board Of Directors. as
v1 a. the officers already Installed, shall
ssniinue in office until their successors
se elected and qualified. The election OF
Dkectors shall be by ballot, and the per-
~ receiving the majority OF votes cast
4ell be declared elected. For electing
nfectors or for any other purpose, each
aae Of stock shall be entitled to one vote,
y9ether present or by proxy, but no frac-
uual share OF stock shall be entitled to
wle A majority Of the Directors voting
an{ one time. In person or by proxy,
~ b required 10 pass any resolution
seept any bylaw, and which, when
= adopted, shall become valid corporate
~ n case Of vacancy on the Board or
uo19 the officers. from any cause, the
winning members Of the Board shall
~ ne power to enact such bylaws,
~ and regulations as In their opinion
~ b necessary and proper for the man
yEnent operation and control Of the bus
- q said corporation.
N!icLE vI.-Notice of all meetings
fof the election Of Directors, or for
ether purpoee. shall be given In writ
~ the Secretary and may be served
oesny or deposited in the mail, ad-
- fifteen (lh) days before such
1ng 70 held, and directed to each stock
- u his last known address, as the
- shan appear on the books of the cor
ea unless said notice 10 waived In
~ all OF the stockholders appear
spss the books. At all meetings Of
~ sssders majority Of the votes cast
~ Be- sufficient to elect or decide all
1911 yeted upon, except for the al.
49,, amendment or the dissolution Of
ssxpefAtion.
akIlCLE yIL-This act Of incorpora-
ny be altered, amended or modified,
cefperation dissolved. by vote OF
afes IN amount Of the capital stock
at general meeting Of stock
eel!ed for that purpose, after. no.
provided In Article vi of this char
nc n case Of dissolution of the COR
IN me stockholders at such meeting
e'ex three (Sl liquidating commits
S-< VIE shah have entire charge Of
~ - nYeldat1on, with authority to cell
~ 1--we 81 the assets Of the corpora
~ 80 70 hll vacancies occurring In
ktSLE yIus-No stakeholder shall
~ neld liable or responsible for the
49, % faults Of this corporation in
er sum than the unpaid balance