The herald., 1920-08-19
CHARTER OF PELICAN CRACKER
FACTORY, INCORPORATED.

isiana. Parish of Orleans. BE it known,
That on this twelfth day Of July. in the
year of Our Lord one thousand, nine nun
dred and twenty,
BEFORE me. Francis T. Burns. a Notary
Public in and for the Parish of Orleans,
State Of Louisiana, duly commissioned and
qualified. and in the presence OF the I'M
dersigncd witnesses,
Personally came and appeared: the sew
eral persons whose names are hereinafter
subscribed. of the full age Of majority,
who declared to me that, availing them
selves of the laws of this State relative to
the organization of corporations, and more
especially of Act 26I of 1914. p. 52l. OF the
legislative acts of this state. they have
coyenannad and agreed. and by these pres
ents do covenant and agree for themselves
and their successors and assigns. TO form
themselves into corporation and body
polite for the objects and purposes and
under the stipulationS hereinafter set
forth. tO-wit:
ARTICLE 1.-The name and title of this
corporation shall be "PELICAN CRACKER
FACTORY. INCORPORATED" and under
such title il shall have and enjoy success
sion for a period of ninety-nine years from
date hereof. and shall have power and au-
thOrity to contract. sue and be sued, make
and use a corporate seal. the same 10
break and alter at pleasure: to hold, sell,
lease, mortgage. hypothecate or pledge
property, real. personal, or mixed, neCeS-
sary. incidental or proper fo- the CARRYING
on Of its business; TO buy and to hold
stock in any other company or companies
that may assist this company in its objects
and purposes: to make and issue notes and
certificates of indebtneSS, to name, elect
and appoint managers, directors and clerks
or other employees to properly conduct its
corporate business, and to make such by
! laws, rules and regulations as may be
| found necessary or desirable for the man.
agement and business of this corporation
| and generally to do every other act, mat
| ter or thing necessary for the complete
and proper carrying out of said business.
| poratiOn shall be In the City of New Or
| leans, Parish of Orleans, State of Lou
| isiana. where all citation and other legal
! process shall be served upon the president
| or in the absence of the president. upon
| the vice president. or in the absence OF
| both. upon the secretary.
| ARTICLE III.-The objects and purposes
Of this corporation are hereby declared and
stated to be:
| To carry on business as manufacturers OF
| and dealers in crackers, bread, flour. bis
cults. cakes, pies, pastry and farinaceouS
compounds and materials of every descrip-
| ton. To construct, acquire. hire, hold
work let and sell mills factories, bake
| houses shops. buildings. machines and ap-
planes suitable for such baking, manu-
featuring and dealing.
ARTICLE Iv-Ths capital stock of thi:
| corporation Is hereby fixed at the sum OF
| one hundred and fifty thousand ($l5O.-
OOOOO) dollars, divided into fifteen hun
dred (l500D shares of the par value OF ont
hundred (slO0.OO) dollars each, provided
| that the amount to which the capital stocF
of this corporation may be increased shall
be one million (s1,OO0O00o0) dollars.
Fifty per cent of the capital stock Of thii
| corporation must be subscribed for before
the filing OF the articles OF Incorporation
| The subscribed capital stock OF this cor
poration shall be payable in cash or in eN
change for property, real or personal.
No stakeholder shall ever be held LIABLE
or responsible for the faults. contracts Of
debts of this corporation in any furthe
| sum than the unpaid balance due the cor
poration on the shares of stock subscribed
for by him, nor shall any mere informalit!
in the organization have the effect OF rem
dering this charter null or Of exposing an!
| shareholder to any liability whatsoever.
This corporation shall not engage il
business until fifty thousand (S5O,OOOOO
dollars of the capital stock shall have beef
issued and actually paid in either cash o
property, as aforesaid. IL any OF the stocI
of this corporation is exchanged. in Who'll
or in part, for property or good viii, Il
that event the provisions OF Section thre
(3) of Act 267 of 1914 shall be strictly com
piled with.
ARTICLE VAN the corporate power
of this corporation shall be vested in an
exercised by q board of directors, com
posed of five 90 stockholders. each o
whom shall own, in his own right. durin
his term Of office. at least one fuH-pai
and unpledge share Of the capital STOCK
which shall be shown by his write
declaration, three (3) of whom shall con
stitute a quorum for the transaction o
business.
The officers of this corporation shall con
sist of a president, a vice-preSident. secre
tary and treasurer, all of whom shall b
members of the board of directors. III
offices of president and treasurer may b
held. IL desired, by one and the sam
person.
The following named persons shall con
stitute the board of directors of this cor
poration, tO-wit:
Henry II. Flaspoller. John T. Gibbons
Jr. E. J. Domergue, David Sivewr1ght an
E. NJ Schlegel. with Henry II. Flaspolle
as president and treasurer, John Il. Gin
hons. Jr as vice-president, and r.
! Domergue as secretary, and these director
and officers shall serve until the secon
Monday in July in the year 1921. or unit
their successors have been duly elected an
qualified.
Thereafter the directors shall be electe
annually on the second Monday in July
! each wear beginning with the year 192l
, all elections of directors shall be by ballt
and each stakeholder shall be entitled
: one vote for each share of stock standin
in his name on the books Of the corpor'
ton, this vote to be cast in person or
proxy, and il shall require majority
, the stock present or represented TO eject
. . Failure to elect 4 board Of directors {
: the second Monday of July, 1921, or a.
nually thereafter, shall not work forfel
: ure of this charter, but the old board
: directors shall remain in office until the
successors are elected and qualified.
s ARTICLE vI.-Ths board OF directo
o shall hold regular meetings at such tim