The herald., 1920-03-04
CHARTER
CHARTER OF THE EHRHARD BAKING

CO, M.
United States OF America, state OF Lou
lana. city of New Orleans. BE 1t known,
that on this twenty second day Oh Lne
month Of January, in the year on eH ',,
sand nine hundred and twenty DtIoEe ~.
Felix j. BreyfouS, Notary fuOHC; gu
ro+lInis.ioneG and sworn IN for the PARISH
of Orleans and City Of New OIieaTs
therein residing; personally alpsaIeu' 1 ~.
parties whose names are heI'uHlo So,
irrihsd who declared that dNalhhS th'li,
- az the uroyi~iOus OF the laws OF
rhis state relative 10 the orSanlEallOh vi
Corporations. and more paluSi!A4lg a
No 26I of the General Assembly oA III
State, approved July !" I5It, th'S -
coy,uanted and agreed ana 40 ps -,
Dr.s,nts covenant ana agree blhu' LDI 10
and constitute themselves as wei az - -,
other persons VINO ma! htI''il't -.
became associated with them iuIo - -
pOration or body poAuC IL la"; io -, .a,,
objects and purposes ana uhu'L L"' "S,,it
rpGuts and stipuldtlOns loIlpNi"H' w w.
ARTICLE The name and stSlt y,
this CORPORATION SHAH Dt- Lhc -,,, :,
EaEipr Co, Inc, and under that h".Hg ~
shall nave and ENJOY all thr t4Su''', , "a
Irgts and advantages granted u! IA"
generations. IL shall exist Tor the P'Il'',
of ninety nine years from 'iia u"' ~,
shall have the power 10 tOHI"''' - - .
be sued in its corporate nam, ~ 80
and use q corporate seal ana 'Hc Sam
4, br..k ar alter al pleasure, 10 NOM AZ
,.iyr purchase. convey, mnFtEase' HEto,
ihccate or pledge property n"th 80 -, -
Ucrsoual. to issue bonds, notes anu W" ,
obligations or negotiable Instrument, -
have and employ such managers uiIc'-
tors Officers. agests ana olher 'hIP''S =
AS the interest ani 'OhNehichSt Vi 90"
rorpOratiuu may require OF h'N"hN -
make mad establish suvh bS-ld"S' lul'S
and regulations for the corporate MahaE
Ipent and control Of the affairs OI t ne
CORPORATION as may be deemed necessary
and eNpcdient. o.,
.ETI'IE 1.-THE domiCilc Of sald
corroratiou shall be established IN the CI'E
~ kcy OrI.ugs. state OF Louisiana, ana
all citations aud other legal process, shdi'
he served on the President, in his absence
ON the Vice President, ana III the aoS'h''
OF both on the Secretary treasurer
ARTICLE HI.-Thc objects ahd PuT
moses for which this corporation Is or
pauized mad the nature OF the business
10 be carried on by II are hereoS "
clarpd to be: to engage IN ana op'rh'S
one or more bakeries ia TINS SlIS anu
elsewhere, and to purchase, SELL manu-
faCtuTe and deal in breauStuIls s'h'taii! >
and to undertake and engage IN any "'uci
ENTERPRISE or business that ma! DC III
cidcutal to- or connected with, the puI-
poses hcreinabOye set lOrth, OF NOh'''i
plated by this charter. ~;
ARTICLE IN.-The capital STOCK Oh inns
CORPORATION is fixed at the sum OF lwentS
Thousand CS20,OOOOOl Dollars, ulNln'i III IN,
TO one hundred shares of the par Naiue
of Two Hundred (S2OOOO) dollars each'
No transfer of stock shall be binding upon
the corporation unless mace upon tS
books, and all certificates Oh stoCk sHali
be signed by such officers as may De
designated by the Board OF Directors
This corporation shall have the rlSht 70
increase its capital stock 10 lhe IuTtnei
sum of fifty thousand ($5OOOOUOl DOiiars
ia he divided into shares OF Two nun
dred $500 OOD dollars each, provided Salu
increase in the capital stock shall nave
been authorized by the stockholders a.
a meeting to be held pursuant TO th'
Droyisions of Article V of this charter
No stockholder shall have the right o.
selling any of the shares held by him with
out first having offered the same, ~
writing, to the other stockholders, throus
the hoard of directors, and said STOCK
hoIders shall have the privilege of pur
chasing said shares within ten days there
after for cash at their book value, accorI
ing to the last preceding inventory. ~
person shall hold stock unless py am
with the consent of I e board of directors
ARTICLE V.-All the corporate power
of the Company shall be vested IN an'
the management and control OF It's affair
shall be exercised by Board Oh Dire
tors composed of three stockholders, IN
members of which may be increased 10
number not exceeding five by the Doar'
of directors at any OF its regular meet
ings majority of the directors shaI
constitute q quorum for the transacuoI
of ali business. The directors shall D'
elected annually, by ballot, on the thlre
Monday in January in each year. Eacl
stakeholder shall be entitled IN person OF
NV proNy to a vote for every share owned
nv him and all elections shall be held
under such rules and regulations as may
be determined by the Board OF Directors
after fifteen days written notice by maj
of such election shall have been sent q
each stockholder at his last known ad,
dress The directors thus elected shal
continue in office for one year Oh
until their successors have been duly
elected and qualified. NO failure TO eieG,
shall be regarded as forfeiture or TINS
charter Any vacancy occurring on salu
board shall be filled by the remaining
directors for the uneXpired term; the
said board shall likewise elect the aadl-
tionaI members in case they should deter
mine to increase the number OF said BOARD
Said Board at its first meeting after It's
election, nominate out OF Its NUMBER q
President, Nice-President ana Secre-
tary-Treasurer; it may divide the func-
lions of the last named officer ana may
even elect a secretary who need not be
a director Said Board of Directors shall
have the right to appoint and dismiss
such Secretary, clerks, managers ana
other employees of the corporation a.
conditions may justify or the business oil
the corporation may require. The tenure
of office of all the employees of the cor,
poration shall be during the pleasure OF
the Board of Directors. Any OF the dl'
rectors or officers shall have the right tc
appoint, by written instrument, another
director or stakeholder to act as his proxy
aud in his stead ut 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 inf0rmalty In
It's organization have the effect of render
ing this charter null, or of exposing q
stakeholder to any liability beyond the
unpaid balance due on the shares owned
by him.
ARTICLE VII.-Thls act of incorpora-
tion 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 a general meeting convened for that
purpose, and after at least ten days notice
of this melting has been given in writing,
through mail, addressed to each stock
holder, at his last known place OF resi-
dence. In case of dissolution by the eX-
piration of this charter or otherwise, the
stockholders shall elect three liquidators
from among their number. to liquidate and
settle the business and affairs of the Com
pany In case OF disability of one of said
commissioners or liquidatOrs, the sur
yiyors or remaining liquidators shall have
full power TO settle said Company's debts
and divide the remaining money and
property among stockholders. They shall
also have power to meet and act under
the bylaws of the corporation and under
regulations to be made by majority of
said liquidators; 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
bonds, secured by mortgage or otherwise,
for part of the purchase price for all or
any part Of said property, provided, how
ever, that the rights herein conferred upon
the HQuidators may be modified, changed
or denied by a majority of the shares of