The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-23
CHARTER.

y. 50 that tn" sam" NhdI hereafter I'h'
and bc a. follows. tU-wH-
ARTICLE / The nam" and tai" OF THIS
corporation shall be- Nar"aru Bros o.
and under its corporate nam" II >haIi 'uJ't
succession for the tuIl term ana Prrl"d OF
ninety nine years from and alter ia" dai"
hereof aud shall have power aud author
lty To contract, sue and be sued T." "'
rcpt and receive mortgages. pledges 81
other hNpUthrrafiou~, to make and US" q
,uTpuTat,. -,.al and the same to break ANA
alter al pleasure. TO purchase. receive.
Lease. hold or OthcTwl~" a'qulr" and CON
Ncy. a~ well H> mortgage and hNp"ihr'ai'
under its rurpurat" name. property. real
I,r>Du.l and mi Ned To- borrow money ANA
make. and issue, bonds and other evidences
OF debt and To secure the same Toy mort
gag- aud otherwise. to sub~.rIh" g" am"
hold stock in other corporations, Iu Hr.
uuIr,. hold and issue shares of H. cap.
ItaI stock. To- carry out all Of the "hJ'rl-
aud PURPOSES hereinafter set out. To name
and appoint such managers aud directors
officers ana agents, as tn" interest ami con
yruirHrr Of said corporation may require
and 10 make and establish. as well ais ali".
sud amend At pleasure. such by laws. rules
aud regulations for ia" management and
regulation OF the affairs OF The corporation
u~ may be-, necessary, proper or convenient .
and generally 10 do all such acts and
things a. trading corporations ar" or may
Toe authorized To- do under tn" laws OF TIE.
State of Louisiana.
ARTICLE II The dourlc of jhi~ cor.
poFatiuu shall h' in the city OF New or
leans. Parish of orleans State Of Louis
lama. and all citations or other legal proc
,.~S shall be-, served upon the President Of
the company. or ia al. IbS"ur" upon thu
Vice President, or ia the uhs"n,r of both
ot thr>" parties, upon the Secretary or
Treasurer.
ARTICLE Ill The objects and pur-
poses for which this corporation j. or
Gauizrd. and the nature OF the business
to be carried on by il are hereby declared
to be. to carry on the business OF planters.
farmers. aud fruit growers To engage ia
all sorts of agricultural operations. To-
drain. irrigutc. Reclaim, tOlOnlz-. develop
and improve lands. to raise. market. and
deal in live stock. to make advances for
the cultivation OF lands. TO develop. pro
ducc, markc, and deal ia minerals: to
buy, sell aud deal in a. principals. brokers
agents or OthrrW Use produce. fruits. ugrI-
cultural products. merchandise. manu-.
featured articles ana personal property OF
any and every description; to acquire. to
hold. operate. sell. alternate, rucumbrr and
deal in real. personal and mixed property
"f every description ana kind; TO con
>iruct maintain, operate and di>poS. Of
storage plants. irrigation plants canals
pumping stations. sugar mills. refining
plants. warehouses and factories OF ANY
sort or character. TO erect buildings auo
other structures and to improve. operate
lease and otherwise handle and deal there
in. to construct and operate CommiSarir~
boarding houses. hotels, Warehouses and
of shippers. brokers. importers exporters
ship owners. characters. and operators OF
ships and other vessels. carriers hy land
and sea, forwarding agents and Wharfin-
gers; 10 construct, maintain and operate
railroads. tram roads. canals. roads WAYS
wharfS and other works improvements
and C"nyrniencr> provided that the cor
pOration shall not engage in any public
service business in the State Of Louis
lanai to acquire by purchase subsrrip.
hgTWl.H sol Fl..rt -.
di>po>" Of and deal in stocks. bonds So
curitieS, notes and commercial papers OF
corporations and individuals. to carry Oh
general investment business: TO engage
in any manufacturing. mining. Coustruc-
ton, agricultural or transportation bust
ness Of any kind or character Whatsoever
10 apply for. purchase. take or lease or
Otherwise obtain or acquire licenses. fran
chl>eS, privileges or concessions for de
veloping. improving and dealing in prop
ertN real, personal or mixed. and Iur for
manufacturing, transportation. mining
construction or agricultural enterprises: to
apply for, obtain, register, purchase, lease,
or otherwise acquire and to alter, use.
own. operate and Introduce, and To sell, as
sign or otherwise dispose of trade marks.
Trad" names. patents, inventions, improve
m"ntS. licenses. concessions and the like
comforting any rights to use any inventions
or processes used in connection with OF
secured under letters patent or otherwise:
and To use, exercise, develop. grant IL
cenSeS in respect of or otherwise turn to
account any such trade marks. patents.
LICENSES, processes and the like: to issue
bonds. mortgages and hypOthecationS to-
the extent necessary or proper to its huSi-
ness: 10 acquire the property, business and
good will of any individuals. firms or cor
pOrdtlonS engaged in any of the businesses
enumerated above; to acquire and hold,
sell. cucumber or dispose of stocks and
bonds of other companies: to exchange its
entire capital stock or any part thereof
il nrf yaA
quire or to exchange its entire assets and
business or any part thereof for property
stocks. bonds or other obligations of other
companies; to subscribe to the stock of
other companies: TO guarantee the Obliga.
lions of any corporation. the stock OF
which il entirely held by il or for its ac-
count; To enter into any arrangement with
any governments or authorities, grncraI
sovereign, municipal, local or otherwise
which may appear conducive to the COM
pany'S objects or any of them. and to
obtain from such governments or author
tiles any rights, privileges and cOnces-
SlonS which the corporation may think de
Sirable to carry out and to exercise and
comply with any such rights privileL
and concessions; to do any and all sue
acts and things as trading corporations
are or may be authorized To do under TIA.
laws of the State of Louisiana; to carry
on each, any or all of the foregoing buSi-
nesses, objects and purposes in any part O
the world, whether within or without q
Stdle OF lOulSlaHa (prONlded that the com
pany shall not engage in any public serv.
Ice business within the State of Louis.
lanai.
ARTICLE IV-The capital stock of the
corporation Is hereby fixed at ten mil
lion (SlO,OU,OOOOO) dollars, to be repre-
scented by one hundred thousand shares Of
the par value of one hundred $500 OOl
dollars each to be paid for in cash or
property the equivalent thereof The
amount Of said stock may he increased to
nifty million (S5OOO0, O00.O0) dollars. No
transfer of stock Shall~be binding upon
the corporation unless made and recorded
upon Its books. No stakeholder shall
have right to transfer or convey auy
OF his or her stock in the corporation un-
less and until he or she shall have first
made written offer to the other then
stockholders of the corporation and TO the
corporation itself, to sell his or her stock
10 them at the book value thereof Book
value as used herein is hereby defined
TO mean the value at which the assets and
liabilities of the corporation have been I'm
gOod falth entered upon its books Such
written offer shall be addressed to the
other then stockholders, and to the cor
pOration itself. collectively, and shall h.
delivered to the office of the CORPORATION
not less than ten days prior to the an
phcauon for transfer of the stock. IA,
corporation shall transmit this offer 70 tho
respective then stockholders and the stock
OF the stakeholder desiring to sell shall
be distributed prorata among such of
the other stockholders as desire to pur- |
chaSe, In the proportions in which the
holdlngS OF the stockholders DESTROYS of |
purchasing bear to each other; and IL the |
'otaI winch such other stockholders de- |
sire 10 purchase is less than the total