The herald., 1920-03-25
CHARTER.

struct and deal in fltering mediums used
in the manufacture of syrups, molasseS
and sugars. from sugar cane, beet and
other raw products used in the manufac-
ture of sugar. To acquire by purchase
lease or otherwise, and TO manufacture
and construct machines of any kind or
character. and To equip, erect and install
the same for Use and operation by cleo
tricity. compressed air, oil, gas or 10y
other means of motive power, and to OPP
crate use. sell lease and hire the same.
Ana to carry on any business necessarily
connected with. incidental to, or cOmpli-
m'ntary to the objects stated. 90 To
enter into. make, perform and carry out.
contracts of every kind and nature, not
contrary to law. with any person. firm,
association or corporation. and TO carry
on anV other business which, under the
law. il nav ho entitled to conduct. which
may seem tn the corporation to be cal
ruIatcd directly or indirectly, TO effect
the aforesaid objects, or the either of
them or TO facilitate il in the transaction
of its aforesaid business or businesses,
or any part thereof. or in the transaction
of any other lawful business that may he
calculated directly or indirectly. 10 en-
hanra the value of. or TO render profitable.
auN of the corporations property ana
rights. and generally To hold and exercise
all such incidental powers and privileges
rs relate to che objects and purposes here
inahovc set forth. or aS may he necessary,
useful or convenient in cHecting said oh
Jets and purposes.
ARTICLE IV-The authorized capital
stock of this corporation is hereby De
rl:r,d TO be- the sum of four hundred
thousand dollars The presently author
i'd ,apital stock of this corporation shall
h. reprrsrntpd by four thousand shares,
AZ a mar value of one hundred dollars
each The said capital stock shall b" rep
resented by certificates, and SHAH be per
sonal propprty and shall be- fully paid for
nd nan = - =
when issued No transfer of stock shall
Ice binding upon this corporation unless
made in accordance with its charter ana
bylaws and recorded on the books ther'-
of OF the said capital stock, OF Tour nun
dr,d Thousand dollars, il is now agreed
imonr the stockholders, that Louis j.
Nart.l of New Orleans, La, shall sub
scribe for one hundred one thousand DOL
lars of the capital stock, and the salu
Louis ! Martrl shall pay for said stock
by transferring to this corporation Que
hundred and one shares. held by him. OF
th, caUitaI stock i'll the Martel flIter
company. Inc. which stock, according 10
the chart of said corporation, IL OF par
y.lue of one hundred dollars. And ma
inrity of the Board of Directors OF IN"
Martpl Apparatus Company, Inc. signing
this charter hereby appraise and value
the one hundred and one shares OF the
cauitaI stock OF the Mart'l Flter 'ohI-
paLV Inc to be transferred by LOUIS d.
Mlrtpl. at the sum OF one uuHuI'u Vh'
tbousnnd dollars. And il l. further agreed
and simulated that Louis J. Nartel shall
sell. transfer and assign TO the MaTtel APP
paratuS Company. Inc, the right anu PEW
ilpgr which he. as inventor. has, 10 parent
in all foreign countries ana possessions
other than the United States of America.
in his inventions for the filtration OF
sugar solutions. juices. Syrups, etc. usei
in the manufacture OF sugars, sErups anH
moIasSrs. And he shall transfer, in add
-s.vE.N h.a hAG
uuired. with regard to inventions and dis
roycrirs above described. 1t beng the
intention and purposes of the parties mere
TO that Louis J. Martcl shall assign, trans
fer and deliver all patents. trade MARKS
and all rights he has to patent, and OBJ
tain trade marks in foreign countries. Tor
his invention for the filtration OF sugar
solutions, juices, sNrups, etc, used IN Tue
of sugars, SyrupS 2hd mo
lasSeS Ii is further agreed and stlpu-
lated that Louis J. MarteI shall subscribe
for one hundred and twenty five thousand
dollars stock in consideration OF the trans.
fer by Louis j. Martel of his rights ana
patcnts and rights to patent and obtain
trad. marks. for his aforesaid invention.
in foreign countries that he shall be given
one hundred and twenty-five thousand dol
lars Of the capital stock of the Martel APP
paratuS Company Inc, and majority OF
'he Board of Directors of the Martei Az
pargtus Company. Inc. signing this char
ter hereby dppraiSe and value the SAID
patants and rights at one hundred twen-
ty-fve thousand dollars. Ii is further
greed and stipulated that the capital stock
subscribed for by IOuis j. Martel shall be
issued to him upon his transferring his
aforesaid one hundred one shares OF stock
i'm the Martel Filter Company, Inc, ana
his aforesaid patents. and rights 10 pat,
ents. in foreign countries, ana that sald
stock shall be considered as fully paid Tor
The total subscription and total amount
Of stock to be issued 10 Louis J Martel
is as follows: Subscription S226WOOo;
stock to be issued. S226,OOOOO. 1.-TWO nun
dred and twcnty-six thousand each.)
ARTICLE V.-The business of this cor
poratiOn shall he managed, and all cor
pOrate powers thereof shall be vested IN,
and exercised by Board of Directors, OF
not less than seven stockholders nor more
than fifteen, and a majority OF Directors,
either present. in person. or represented
BY proxy, shall constitute a quorum.
ARTICLE VI.-The first Board of Di
rcctOrS of this corporation is hereby hNed
at seven, and shall be comp osed OF: Louis
j. Martcl. whose poStohice address Is Zf5l
ValmOnt street. New Orleans, La; Don
elson Gallery. whose postofice address is
620 Maison Blanche Annex, New Orleans,
La: Frank Bethun", whose postoffice ad-
dress is sos PerdidO street, New Orleans,
La: George H. Conrad, whose postofice
address is JOO5 Dauphine street, New Or
leans. La. Horace Wilkinson, whose post
office address is Port Allen, La; John ID.
Minor, whose pOStOffice address is biloxi,
Miss; Charles Wilbert. whose pOstOffice ad-
dress is Plaquemine, La; with Louis j.
Martel. as President; John ID. Minor. as
Vice President ana George ii. Conrad, as
Secretary Treasurer. said Board OF Di-
rectors shall serve until the first meeting
of stockholders. for the election of Direc-
tors or until their successors are elected
or qualified.
ARTICLE VII-On the first Monday in
January, 1920. and annually thereafter, on
the first Monday in January in each year,
a meeting of the stockholders of this cor
poratiOn shall be held at its domicile, for
the purpose of electing Directors for the
ensuing year. A failure, from any cause
whatsoever, to hold the annual meeting of
stoc khOlders, or the failure to elect Di-
rectOrs at the time stipulated above, shall
not dissolve this corporation, nor affect
the business of same. but the Directors
office until their successors shall have heen
duly chosen, elected, qualified
and installed.
ARTICLE VIII.-This Charter may be
amended and the capital stock of this cor
poration may be increased or decreased. OF
this corporation nay be dissolved. in the
method and manner provided by law.
ARTICLE IX-No stakeholder of this
corporation shall ever be held liable or
for the contracts or faults of
this corporation in any further sum than
the unpaid balance on the stock. for which
he has subscribed, nor shall any informal
ity in organization have the effect of rem
dering this charter null or of exposing a
to any liability than as above
provided.
Thus Gone and passed at my Office, in
the City of New Orleans. Louisiana. on
the day, month and year hereinfirst above