The herald., 1920-03-18
CHARTER.

and sugars, from sugar cane, beet and
other raw products used in the manufac-
ture of sugar. To acquire by purchase.
lease or otherwise, aud to manufacture
and construct machines of any Kind or
character. and to equip, erect and install
the same for use and operation by cleo
tTicity, compressed air, Oil gas or 10y
other means of motive power, and to Op-
crate use, sell, lease and hire the same.
And to carry on any business necessarily
connected with. incidental to, or cumph-
meutary to the objects stated. 90 To
enter into. make. perform and carry out.
contracts of every Kind and nature. not
contrary to law. with any person, firm,
association or corporation, and to carry
on auV other business which, under the
law. il may be entitled to conduct. which
may seem TO the corporation to he cal
culatcd. directly or Indirectly, to effect
th, aforesaid obl'vtS. or the either OF
them or to facilitate il in tn" transaction
of lis aforesaid business or businesses.
or any part thereof. or in the transaction
of any other lawful business that may u"
calculated directly or indirectly. to en-
haurp the value of. or to render profitable,
any of the corporations property ana
rights. and generally TO hold and cNcr"i>"
all such incidental powers and privileges,
- relate to che objects and purposes here
iunboy,. set forth. or - my be- necessary.
useful or convenient. III erecting N'ld Oh
iertS and purposes
y
stock of this corporation i hereby de
cI.rrd to Ice the sum of four hundred
Thousand dollars. TIL" presently author.
iz,.d rapital stock OF this corporation shall
Ice represented by four thousand shares
at = par value of one hundred dollars
zach The said capital stock shall u" rep
resented by certificates, and shall 10" per
sougl property. and shall br fully paid Tor
in cash or property. ana knH -aNN'N>""l,,
when issued No transfer OF stock SHAH
made i'm accordance with its charter ana
hy-Ilw> aud recorded on the books tn'r'-
of OF the said capital stock, OF -FOUR nun
drrd thousand dollars. it Is now agreed
;mong the stockholders, that LOUIS .
\I,rtpI af New Orleans. La, snail sun
.,rih. for one hundred one thousand DOL
lars of the capital stock, and the >aId
Louis J Martel shall pay for >ald STOCK
by transferring to this corporation oi'"
hundred and one shares. htlu bN nun, W
The CAPITAL stock in tn" Mart"l fiIrr
company. Inc, which stock, according 10
the charter of said corporation. l. OF Il par
value of one hundred dollars. Ana ma
iority of the Board of directors OF lh'
Nartrl Apparatus Company. Inc, signing
tbis charter hereby apprai>" ana Naiu"
,ht ON. hundred and one shares of III"
roDitaI stock of the Mart"l Filter C"Hi
paI.v. Inc. to Ice transferred ny LOUIS -
Martrl. at the sum of Oh" hundred Oh"
thousand dollars. And il l. further agreed
sell. transfer and assign 10 the MarteI up
uoratuS COMPANY. Inc, the right ana PRIV
ilpyr which he rs inventor. has, TO patent
in all foreign countries ana POS>'>>loh>'
other than the United States OF America
in his inventions for the nltrauOh OF
sugar solutions. Juices syrupS. etc, uS"d
i'm the manufacture of sugars. Syrups ana
moI1SSrS And hr shall transfer. IN audl-
ton. all patents and rights h" has a'-
nuir.d with regard TO inventions ana as
4l...
intention and purposes of the parties Mere
70 that Louis j. Mart"l shall assign, trans
fer and deliver all patents, trade MARKS
and all rights he has 10 patent ana on
tain trade marks in foreign countries. Tor
his invention. for the filtration OF sugar
solutions Juices. SyrupS. etc. USED III the
manufacture Of sugars. >NrupN anu NV
lnsseS 1t is further agreed and Stlru-
lated that Louis J. MaTtel shall subscribe
for one hundred and twenty-five thousand
dollars stock in consideration of the trans.
fer by Louis J. Martel OF his rights and
p?tcntS and rights to patent ana OBTAIN
trade marks, for his aforesaid invention.
in foreign countries that he shall be given
one hundred and twenty-five thousand uol
lars of the capital stock OF the Mlrtcl Ap-
uYratu> COMPANY Inc, and a majority OF
The Board of Directors of the Martel APP
paratuS Company. Inc. signing tins char-
ter hereby dppTaiSe and value the Salu
patents and rights at one hundred tweh-
ty-fiye thousand dollars. 1t Is furthor
greed and stipulated THAI the capltal StoIA
subscribed for by Louis j. Martel shall he
issued to him upon his transferring ms
aforesaid one hundred one shares OF stock
in the Martel Filter Company. Inc ana
his aforesaid patents, and rights 10 PAT :
ents in foreign countries, and that Sald
! stock shall be considered as fully paid for.
The total subscription and total amount
of stock to he issued 10 Louis J. Martel
| is is follows: Subscription S22oOoO.oo
| stock to he issued. S226.O0OOO. 1.-TWO nun
| a nd Thousand }
| ARTICLE V.-The business of this cor
poration shall he managed, and all cor
porate powers thereof shall be vested IN.
| and exercised by Board OF DIRECTORS OF
not less than seven stockholders nor more
| than fifteen, and majority OF Directors,
either present. in person. or represented
| by proxy, shall constitute a quorum.
ARTICLE VI.-The first Board of Di
| rectOrS of this corporation is hereby nNed
at seven. and shall be CONF oScd of: Louis
j. Martel. whose pOstolilce ADDRESS Is Ifol
ValmODt street. New Orleans. La; Don
| elsOn Gallery. whose pOstOffice address Is
$40 Maison blanche Annex, New Orleans
| La: Frank Bcthun", whose postonlce ad-
dress is sos PerdidO street. New Orleans,
| La: George ii. Conrad, whose postofice
address is jO05 Dauphine street. New Or
leans. La Horace Wilkinson. whose post
Office address is Port Allen, La; john ~.
Minor whose pOStoffice address is Biloxi.
| Miss: Charles Wilbert whose pOStOffice ad-
dress Is Plaquemine, La; with Louis j.
| Martel as President: John ID. Minor. as
| Vice President and George ii. Conrad. as
| Secretary Treasu Said Board of Di-
| rcctOrs shall serve until the first meeting
| Of stockholders. for the election of Direc-
tors, or until their successors are elected
or qualified.
| ARTICLE VII.-On the first Monday in
January, 1920. and annually thereafter, on
the first Monday in January in each year.
! a meeting of the stockholders of this cor
pOration shall be held at its domicile, for
| the purpose Of electing Directors for the
ensuing year. A failure, from any cause
| whatsoever. to hold the annual meeting of
stockholders, or the failure to elect D-
| rcctorS at the time stipulated above, shall
not dissolve this corporation. nor affect
the business of same. but the Directors
Office until their successors shall have been
respectively duly chosen, elected, qualified
and installed.
ARTICLE VIII.-This Charter may be
amended and the capital stock of this cor
poratiOn may be increased or decreased, OF
this corporation nay be dissolved in the
method and manner provided by law.
| ARTICLE IX.-No stakeholder of this
corporation shall ever he held liable or
responsible for the contracts or faults OF
this corporation in any further sum tran
the unpaid balance on the stock, for which
he has subscribed. nor shall any informal
| ity in organization have the effect of rem
dering this charter null or of exposing a
stakeholder to any liability than as above
provided.
| Thus Gone and passed at my Office, in
| the City of New Orleans, Louisiana on
the day. month and year hereinfirst above
written, in the presence Of Percy f. Brown
and Paul A. Sompeyrac, competent wit