The herald., 1920-02-19
CHARTER
CHARTER OF THE EHRHARD BAKING

CO., INC.
tinted States OF America, State OF Louis
lana. City Of New Orleans. Be II known,
that on this twenty second day OF the
month Of January, in the year one thou
sand nine hundred and twenty; before me,
Felix J. Dreyfous, a Notary PUBIC, uuiy
commissioned and sworn In Tor the Larlsn
of Orleans and City OF New orleans,
therein residing: personally appeared, the
parties whose names are hereunto SUB
scribed, who declared that, awaiting theni-
selves of the provisions OF the laws y.
this state, relative TO the organization or
corporations, and more particularly ACT
No 267 of the General Assembly OF TINS
State, approved July o. 1914, they nave
covenanted and agreed and do, by these
presents, covenant ana agree, bind, FORM
and constitute themselves as well as such
other persons who may hereafter join or
become associated with them into n cor
poratiOn or body polite in law; Tor tne
objects and purposes and under the agree
ments and stipulatiOns following. to-wit'
ARTICLE 1.-The name and style OF
this corporation shall be: The Ehrhard
Baking Co., Inc, and under that name II
shall have and enjoy all the rights, PRIV
leyes and advantages granted by law TO
corporations; IL shall exist for the period
OF ninety nine years from this day; II
shall have the power to contract, sue anu
be sued In its corporate name; TO MAKE
and use n corporate seal, and the same
10 break or alter Ut pleasure; TO hold, re-
ceive, purchase, convey, mortgage, hypo-
thecate or pledge property, both real ana
personal; to issue bonds, notes and other
obligations or negotiable instruments; TO
have and employ such managers, direc-
tors, officers, agents and other employees
AS the interest and convenience OF said
corporation may require or demand; 10
make mad establish such bylaws, rules
and regulations for the corporate manage
ment and control of the affairs of the
corporation as may be deemed necessary
ana expedient.
ARTICLE 1.-THE domicile of said
corporation shall be established in the City
Of New Orlenas, State of Louisiana. and
all citations and other legal process, shall
be served on the President, in his absence
on the Vice President. and in the absence
OF both on the Secretary Treasurer.
ARTICLE lII.-Tbe objects and pur-
poses for which this corporation Is or
ganized mad the nature of the business
TO be carried on by IL are hereby de-
clared TO be: TO engage In and operate
one or more bakeries In this City and
elsewhere. and to purchase, sell. manu-
fscture and deal In breadstuffs generally,
and to undertake and engage in any other
enterprise or business that may be in
eidental to, or connected with, the pur-
poses hereinabove set forth, or contem-
plated by this charter.
ARTICLE lv.-The capital stock Of this
corporation Is fixed at the sum of Twenty
thousand ($20,OOOO0 Dollars, divided in
10 one hundred shares of the par value
OF Two Hundred ($200.OO) dollars each.
No transfer of stock shall be binding upon
the corporation unless made upon its
books, and all certificates of stock shall
be signed by such officers as may be
designated by the Board Of Directors.
This corporation shall have the right to
increase its capital stock to the further
sum Of fifty thousand $50 100000 Dollars,
to be divided into shares Of Two Hun
dred (S200.00) dollars each, provided said
Increase In the capital stock shall have
been authorized by the stockholders at
a meeting to be held pursuant to the
provisions OF Article Of this charter.
No stakeholder shall have the right of
selling any Of the shares held by him with.
out first having offered the same, in
writing, to the other stockholders, through
the board Of directors, and said stock
holders shall have the privilege of pur-
chasing said shares within ten days there
after for cash at their book value, accord
ing to the last preceding inventory. No
person shall hold stock unless by and
with the consent OF e board Of directors.
ARTICLE v.-All the corporate powers
Of the Company shall be vested in and
the management and control Of its affairs
shah be exercised by Board OF Direc-
tors composed of three stockholders, the
members Of which may be increas ed to a
number not exceeding five by the board
OF directors at any Of its regular meet
tngs. A majority Of the directors shall
constitute a quorum for the transaction
Of all business. The directors shall be
elected annually, by ballot, on the third
Monday In January In each year. Each
stakeholder shall be entitled In person or
by proxy to a vote for every share owned
by him. and all elections shall be held
under such rules and regulations as may
be determined by the Board OF Directors,
81 such election shall have been sent to
each stakeholder at his last known ad-
dress. The directors thus elected shall
continue In office for one year or
until their successors have been duly
al N IN oil
shan be regarded as forfeiture Of this
charter. Any vacancy occurring on SAID
board shall be filled by the remaining
directors for the unexpired term; the
said board shall likewise elect the add
tional members In case they should deter
mine 70 increase the number Of said Board.
Said Board. ut its first meeting after its
election, nominate out OF its number.
President, vice-President and a Secre-
tary Treasurer; II may divide the func-
tons Of the last named officer and may
even elect secretary who need not be
director. Said Board Of Directors shall
such Secretary, clerks, managers and
other employees of the corporation as
conditions may justify or the business Of
the corporation may require. The tenure
poration shall be during the pleasure of
the Board Of Directors. Any OF the d.
rectors or officers shall have the right 10
appoint. BY written instrument, another
and IL his stead at any and all meetings
OF the Board OF Directors.
ARTICLE VINO stockholders shall
ever be held liable or responsible for the
contracts, faults or debts OF said corpora
ton, nor shall any mere informality In
It's organization have the effect of render
Ing this charter null, or Of exposing a
stockholder to any liability beyond the
unpaid balance due on the shares own4i
ARTICLE vII--This net Of incorpora-
ton may be changed, modified or altered.
or this corporation may be dissolved with
the assent Of the stockholders owning two
thirds Of all the stock of the corporation,
at general meeting convened for that
purpose. and after ut least ten days notice
Of this netting has been given I'm writing
through mall, addressed to each stock
holder. at his last known place of resi-
piration OF this charter or otherwise, the
stockholders shall elect three liquidatofs
from among their number, to liquidate and
settle the business and affairs OF the CON-
.pany. In ease OF disability Of one Of said
commissioners or liquidators, the sur
>vivors or remaining liquidators shall have
full power to settle said Company's debts
and divide the remaining money aud
property among stockholders. They shall
the by laws Of the corporation and nndei
regulations to be made by a majority of
said Regulators; to fix the price and
prescribe the terms OF sale Of said prop
erty and the manner In which the sale
shall be made. and to take notes and
honda, secured by mortgage or otherwise,
TOR part Of the purchase price for all or
nay part Of said property. provided, how
ever. that the rights herein conferred upon
q ma "A NM I'D nh