The herald., 1920-08-19
CHARTERS.

manufacture and market syrups and ex
tracts; to manufacture and market drinks
of various kinds; to hold and lease build
ings and operate stands for the sale of soft
drinks: to buy, own or lease real estate
for the purposes of the business and gen
orally to do each and every act and thing
done in connection with the manufacture
of syrups and extracts and their sale to be
used in making all soft drinks; to buy
otherwise acquire formulate for syrupS an'
extracts for the manufacture of soft drinks
and generally to engage in the business
and manufacture and sale of all articles
usually manufactured and sold in cOnnec-
ton with soft drinks.
ARTICLE IV.-The capital stock of this
corporation shall be one hundred thousand
| (SlOO, 900 OO) dollars. divided into ten thou
sand shares of the par value of ten (SlO.Oo'
dollars each, and may be increased 10 the
sum of two hundred fifty thousand (S2JO,
| OOOOOD dollars, divided into twenty five
hundred shares of the par value of one
hundred tSlOOOO dollars each, and this
corporation is to be going concern when
one half of the capital stock has been 81
| scrbed and One-half of which subscription
| has been paid for.
Each share Of stock shall be entitled to
| one Cd vote, either in person or by proxy
| at all general elections or meetings of the
| stockholders Stock for so OOO.OO has been
| given for the formula described in the
| document annexed.
| ARTICLE V.-NO stakeholder shall ever
| be held liable or responsible for the in
| debtedncss faults or defaults of this cor
| poratiOn. nor shall any mere informally
| in the organization of the corporation have
| the effect of rendering the charter null oi
| of exposing the stockholders to any labil
| ity beyond the unpaid balance, II any, OF
| their subscriptions.
| ARTICLE VI-ThiS corporation shall
| have all powers granted to such corpora
| tiOnS by law and shall have the power L
contract, sue and be sued. in its corporate
! RniN N
| lease. purchase, sell and convey or mort
| gage any and all of its effects. or 1,
| hypOtheCate its property and TO do any
and all acts and things of any other kind
nature or description as may be necessary
| to carry out the objects and purposes o
! said business as its interests and cOnYen
! fences may require.
corporation shall be directed by and veSte,
| in a board Of directors of five members
| three of whom shall constitute quorum
| for the transaction of business, and tn
said board of directors as first constitute,
shall be composed of George l. Barnes
| Duncan Nrcclaud and DIR. John G.. llarZ
and two others to be selected by the frs
named. and they shall hold office until tn
first Monday in July, 1921, and on tina
day. and on the same day thereafter eaci
| year. elections shall be held for director
at the principal office of the corporation
and the election shall be held between tn
hours of ten and twelve a. N.
| specified shall rot dissolve the corpora
ton. but the directors shall hold their re
| SpeCtive offices until an election shall b.
| held after thirty days notice of the tlm
and place thereof given TO each stock
holder.
The said board of directors at their frs
meeting shall elect from among their mum
Der president, vice-president and secre
tary-treaSurer, provided, however. that tn
secretary need not be a stakeholder o
member of the board of directors, and an.
vacancy in that office shall be filled b.
the board.
Directors may act either in person or b.
proxy.
| ARTICLE VIII-Whenever this corpora
ton is dissolved, either by limitation o
for any other cause, its affairs shall b
liQuidated by the board Of directors, VIII
are hereby vested with full power to sci
any or all assets of the corporation, eithe
separately or in a mass, and to conve
full and complete title thereto. and shaI
have full power to do and perform all act
necessary and proper to fully and com
pletely liQuidate the affairs and distribut
the proceeds. If any, among the stockhold
ers of the said corporation TO the amour
of stock held by each.
| ARTICLE IX-This act of incorporate
may be amended, altered and modified. q
this corporation dissolved in the name
provided by law.
Thus done and passed. in my notaria
/ office in the City Of New Orleans. on III
, day. month and year first above writer
in the presence o. Ruth NJ. Seller an
. Gladys +. Rider. competent witnesses, VIII
r hereunto sign their names, together wit
, the parties hereto and me, Notary, after
reading of the whole.
George |. Barnes, 1900 shares, 1881 Ger
eral Taylor St, New Orleans. La.
Duncan Nrceland. 800 shares 1881 Ger
eral Taylor St, New Orleans. La.
; John G.. Harz, 200 shares, 800 Nashvil
P Ave. New Orleans, La.
P Witnesses:
Ruth NJ. Seller, Gladys f. Rider
, 4. \. MORENO.
O., Notary Public.