The herald., 1920-08-12
CHARTER

advisable by the Board of Directors But
nothing contained in this articl" shall u"
construed as requiring this corporation 10
manufacture the merchandise to b" sold 10y
il. the Board Of Directors being hereby
vested with full discretion and power tuu-
less formally prohibited 10y action OF ia"
Stockhuld"rS) {" a>Semhl" tn" various sun
stances and ingredients COMPOSING the
merchandise, sold. or to purCEa>" or a'-
uuir. the saline already manufactured.
ARTICLE N.Thc capital stock OF tins
corporation il hereby fixed at the sum "i
five thousand dollars ,Shhpou"l. divided
into fifty shares Of one hundred dollars
,SluO UO each. to be- paid for in cash or
for labor done or services actually rem
dcred the corporation or property actually
received. The capital stock oi TINS '"rP"r
alton may hereafter br increased to an
amount not To ,.Ncrrd tw"nty-tiE" thousand
dollars $50 900 OOD All shares of stock
shall he fully paid and non H>>c~>dni".
No transfers of stock shall hr blhdlu- on
the company. unless recorded upon It,
hooks and no transfer or sale OF stock
shall br made to any person without pre-
viouSly offering tn" same al the same
price to Ia" stockholders OF TINS corpora
lion said offer tu bc submitted in writing
TO tb, Board Of Directors, stating IN"
number of shares offered for sale, tn" prir"
bona fidr offered for ia" same. ana the
name of the person making the oiirr, 80
optiou shall he granted for period OF nor
less than twenty days, unless the h"arh
of Directors unanimously waive TINS de-
lay in writing.
ARTICLE NI.-AII the corporal" power,
If This corporation shall Ice vested IN aud
exercised by Board of Directors. com
posed of funr stockholders. 10y vote ol
The stockholders owning majority .!
the stock of this corporation. the number
1 of members constituting the Board Ol III
! rrrtors may hereafter lee Increased to iiH"
4 majority Of the Directors shall consul
| tutr a quorum for ia" transaction OF ih'
! business The Directors shall hc "l"'i''
! annually 10y the stockholders ON the Stroh,
| Monday OF January Of each year. fa'i
| Stockhuldrr shall b" entitled. III pvFNol
! or by proxy. t. u vote for every >har" -
| stock owned 10y him and all elections >hal
| hp held under such rules and regulation
as may Ice determined by IN" hoard
| Directors. The Board Of Directors lhu
elected shall continu" in Office Tor on
! wear and until their successors have De-"
| duly elected and qualified. Any Na'ah'
| occurring on the Board shall u" iliI"d u
the selection of 4 Director for the uncN
pirrd term. such selection 10 Ice made b
the remaining Directors. The Hoard d
! Directors shall, nj its first meeting Wir
its election. nominate out OF ITS hulllb'
a President. Vice President aud Il So
rctary- Treasurer of the Corporation.
ARTICLE VI.-UntiI the election to h
held In January. 1922, the following name
persons shall constitute the first BOARD {
directors: Alfred e. neiler l4Il Magaziu
street. city; John Fuchs. EOS tardy stree
rirr street, City; Guy l.. Leef". POI
| Pierce street. city. with Alfred {. Dril'
= as President. John Fuchs ~ Vie" Tres
dent. and Guy l.. Leete as Secretary -lrca
| urer.
ARTICLE VIII.-This act of incorpor;
ton may he changed. modified or altcre
or this CORPORATION may be- dissolved
Inundated in compliance with eNlNtll
laws especially Act No. 26I OF 1914. ht
general meeting convened for that purpOS
writ fNn al
of this meeting has been given through q
mail addressed To each st DckhOld"r AT II
last known place of resid nee. In case
dissolution by the eNpirat. on of TINS cha
Ter or otherwise. the stockholders Shd
elect three liquidatOrS to serve wltho
conversation. and to whom one year shi
he granted for the liquidation OF the q
fairs of the corporation. In ease OF u
death or disability OF any one OF Sa
| liuuidating commissioners. the SURVIVORS
| the remaining commissioners shall appOl
| a successor To. him.
ARTICLE IX.-No stakeholder OF IL
| cOrporptiOn shall ever be held liable I
| the contracts. Indebtedness or faults theG
| of in any further sum than the unpaid b;
ance due the corporation on IN" shares
l. stock subscribed for by him, nor shall a
-. informalitieS in organization have the
u feet of rendering this charter nun or
IS posing a shareholder to any Ianility
yOnd the amount OF the uhpalu oalai
d due on his stock.
|, ARTICLE X.-The names and postoff
4 addresses of the subscribers of these ar
cleS of Incorporation and a statement
the number of shares of stock which ga
- agrees to take in this corporation are
follows: Alfred G. Deiler. l4I4 Magaz
street City. shares: John Fuchs,
Cardv street. Tampa, Fla. shares: g.
?. tave l.. Klein. 500 Perrier street. city
shares Guy l.. Leefe, 2Ol ). Pierce str'
"a city. : shares.
s. Thus done and passed ut my office
. this city, on the day, month ana year III
j, above written. in the presence OF Al
al naide VI. Soniat and Roger Arnauld. ca
-, petent witnesses. residing IN inns q
IL who have hereuntO signed their nan
IS with appearers and me, Notary, AFTER
- | reading of the whole.
;, COriginal signedD John Fuchs. shar
A. G. Deiler. s shares; q. l.. Klein.
shares; Guy l.. Leefe, shares.
Witnesses: \. NJ. SOniat. Roger
nauld. n,.,
T. the undersigned Recorder of Nc
cages. in and for the Parish OF orlea
State of Louisiana, do hereby certlty I
the above and foregoing act OF lncOrpO
ton of the Creme Chemical Manufacture
. Co. Inc. was this day duly recorded
- my office in Book 12i2, Folio III.
New Orleans. August 9Th, 1920.
(SignedD EMILE ]. LEONARD, ID. r.
ID /. the undersigned Notary. do her
~ | certify that the above and foregoing
wv true and correct copy of the original
ool of record in my office
ed In faith whereof l have hereunto set
nd hand and affixed the impress of my @
les cial seal this 10th day of August, l92O
is NJ c. SONIAT. Not. Pu
ish fseoA
the a Con-. 10
|