The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-12
CHARTER.

are hereby declared to be to buy. sell, deal
in, blend manufacture and refine, molasses
syrup, glucose and sugar or either Of
them and other products or articles, and
to do a general merchandising and pack
ing business, either wholesale or retail or
both to buy, sell, lease acquire, by pur-
chase, license or otherwise, use, take out
| or obtain trade marks, trade names ana
labels useful, necessary or advantageous
| in the conduct of its business, and gen.
orally to do all and everything necessary
or proper in order to carry out and exc
cute any or all Of the foregoing objects
and purposes.
ARTICLE III.-The authorized capital
stock Of this corporation is hereby fixed at
| the sum Of ten thousand dollars (S10,0O0.OO)
divided into and represented by one hun
dred 400 shares of the par value of one
hundred dollars ($1O0.00) each, and shall
| be paid for In cash, or may be issued at
par, in payment for property actually pur-
chased by. or services rendered to this
corporation, Mt such times and in such
instalments as the Board Of Directors may
direct.
/ The amount to which the capital stock
| Of this corporation may be increased Is
| hereby fixed at fifty thousand dollars
| $50 600 00) divided into and represented by
five hundred (J00) shares Of the par value
Of one hundred dollars ($100.OO) each, and
said stock, or any part thereof. may be
issued on complying with the requisites
| Of law, and said stock so issued shall be
paid for in cash, or may be issued at par
| in payment for property actually pur-
chased by, or services rendered to this
| corporation. as such times and in such
installments as the Board of Directors
may direct.
This corporation shall be authorized to
commence business, and be n going con-
| Germ, as soon as one-half Of its authorized
capital stock of ten thousand dollars is
subscribed and one half thereof shall have
been actually paid in.
| ARTICLE IV-Tha domfofIa nf
poration shall be in the City Of New Or
| leans, State OF Louisiana. Citation and all
legal process shall be served on the Presi-
dent and In his absence or inability to act,
upon the Vice-President, and in his alb
sence or inability to act, upon the Secre-
tary- Treasurer.
| ARTICLE v.-AH Of the powers Of this
corporation shall be vested in and exer-
cised by Board of Directors to be COM
posed Of three stockholders. to be elected
annually on the first Monday of January
Of each year. and majority Of whom
shall constitute quorum for the trans
cast shall decide all questions; all such
elections shall be conducted at the office
Of this corporation in the City of New
Orleans, under the supervision Of three
commissioners appointed by the President.
Notice of such election and Of all other
meetings Of stockholders whatsoever, un-
less waived sin writing, shall be given by
dep0siting in the United States Post Office
new OrlednS, not more tndn n1teen
days nor less than five days prior to the
date of such election or such meeting, a
notice Of the holding thereof, enclosed in
a postpaid wrapper, addressed to each
stakeholder at the last address furnished
to this corporation by said stakeholder,
and in the event no address Is furnished
then addressed General Delivery" New
Orleans, La. AT said election. and at all
other meetings of the stockholders, the
, voting shall be by ballot. and each stock
holder shall be entitled to one vote for
; each share of stock standing in his name
on the books of the company, to be cast
in person or by written proxy.
! Five per cent of the outstanding capital
stock Of this corporation shall constitute
quorum at any and all meetings fol-
. the transaction OF any and all business
, except as otherwise provided by law. The
majority OF stock voting shall decide all
questions, except as otherwise provided
by law. or by this charter.
The Board of Directors shall have the
right TO NIL for the unexpired term any
vacancy occurring among the Directors by
death, resignation or otherwise. ever
though the number be by said couses OF
either of them reduced to less than s
. quorum.
; The failure to hold an annual election
. or TO elect Directors as above provided
shali not dissolve the corporation. but tn,
directors and Officers then in Office shall
I cause an election to be held as soon N,
possible thereafter notice of which shall
De given as above provided for the hold
Z ing or the annual meeting of stockboIder,
+ pending which election the then Director,
e ana omcers shall remain as such upti
have qualified. IN" S""i
The Board Of Directors, shall, within
8 thirty days after each annual election
+ elect from their number President. [,
Z lvice-Ppresident, and shall also elect .
\ secretary Treasurer. The Secretary-Treas
h urer need not be a member of the Boar
e Of Stockholders. and the Board Of Di
: rectors shall have the power to cleo
from their number such additional Vice
tary -Treasurers, as in their Judgment seen
. best, and such Assistant Secretary Treas
urers need not be stockholders or mem
! oers OF the Board Of Directors.
y The Board Of Directors shall have tn
< power Of delegsting all or any Of its now
: ers In the transaction of the business O
this corporation to committee or com
!. mittees Of its own body or to officers an
y agents OF this corporation.
Amy and all directors and officers sha-
= noid once ut the pleasure Of the stock
noIoers, VINO may, at any general meetin
convened for that purpose. on notice q
n aDoye provided for the holding Of the an
nual meeting of stockholders. declare .nc
!, directorship or office vacant, and seIee
l. successor or successors to such directo
OF omcer, and 1t shall be the duty of IN
d sSecretary and the President to cali a meet
- ing Tor that purpose ut the reouest i
writing Of ten per cent of the can't,
II ing. '"en outstaho
s.. The Board of Directors shall have powe
o. to adopt bylaws for the government Z
Al this corporation, and to alter, amend q
e abolish the same at pleasure at any sps
,e ciai or general meeting of the Board
\. Directors, and no previous notice of a
,e intention to alter, amend or abolish III
IS bylaws shall be required.
D. The first Board Of Directors shall b
composed Of: Edwin l.. Powell, whose pc.
Office address is 1855 Tchoupitoulas Stree
New Orleans La; w. Scott Bryan, who.
c. post ONCE address is 1850 Tchoupitoula
Street, New Orleans, La, and William
Purves, whose post office address Is IN
c. Tchoupitoulas Street, New Orleans, l.
Who shall hold office until the annui
meeting in 1921. or until their successor
% are duly elected and qualified, and Edwi
- l.. Powell. shall be President; w. SEQ
Bryan, shall be vice-President, and Wi
liam Fl. Purves, shall be Secretary -Trea
y urer.
=. ARTICLE vI.-This act Of incorporate
IN tmay be modified, added to or changed, I
!. said corporation may be dissolved in Il
- manner provided by the law Of the Sta