The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-11
CHARTER.

ate land and marin" machinery, buildings .
and other accessories appcrtaiuing 10 such /
business in any wiSr
- To iehydratr vegetables fSh or any
marine products Nhr"ddiug or mauUiar'ur.
iuG sam" in any form. 20 manutartur" cans.
print labels or other matter. and to do
every hing that the u1tuT" of IN" business
may require whether or not herein set ont.
l. 70 own trade names and trademarks.
patent ri-ht~ aud any privileges usual 10
such business. To lease fishing rights
ami grounds or waters thereto required. 10
provide for any manner of transportation
of its projects. coming OF going. 10 own
refrigerator plants or cars. warehouses. To
msrnutactur" IT," aud any other products
>uch business may nj any tim" require. IN
GENERAL. lev have unlimited right TO "~tah-
liSh. operate. prOmot" and increase its
business. in any branch. relating to the
packing. canning or fishery business.
". The capital stock Of this corpora
ton il hereby fixed AT the sum Of twenty
ty" thousand dollars divided into shares
as follows. Gr"go Antioch. Biloxi Miss,
~ shares: T. II. Clark. Biloxi. Miss. 20
shares. Lukd kUlji>. Biloxi Miss. ~
shares: Peter Sk"rm"ita, Biloxi. Miss, ~
shares; MarSO Sk"rmrtta, Biloxi. Miss. -
shares. fully paid in in cash aud property,
being the property purchased 10y IurOrpOr-
atOr~ from American Packing Co. the can
Mug plan. ana apUurtcnan"">, camp build
iug~. and tn" fishing >"hoon"rS Henry
|Cllrk. Ocean Queen. Lily Rose Wonder AMI
Marvel. for which the sum of twenty -nye
thousand dollars WAS paid and which Is
appraised and inycutOri"d 10y app"HrcrS. as
they declare at the fun value OF twenty
five thousand dollars and is accepted in
pay mont OF all stock 10y them subscribed.
An transfer of stock shall be- made only
on the books of the corporation. with its
consent. and according to IN" rules To h"
IproI idrd therefor by the board of directors.
I hal lac .
~to, X for sale. first to III" corporation and
il shall have thirty days from date of offer
in which 20 purChaS" or reject same. Any
sal, without such option, shall b" invalid
and no ploig" of stock shall b" binding
urnu the CORPORATION. Tn" Board of hi
rertors or any member thereof, when prop
| rrly authorized by tn" corporation, shall
sell or purchase for il, any Kind of prop
crty. Tn" board shall i>Su" stock TO sub.
! >crih"rs and any new issues of stock shall!
| br first offered to IN" old stockholders in
| the proportion of their holdings
| Y All the powers of this corporation
shall b." vested in and exercised by its
board of directors. who shall have all tn"
IpowcrS usual to their offices. and who shall
manage its business. Tn" board Of dire
| tors shall consist of not less than three.
nor more than five stockholders. a majority
| Of whom shall constitute quorum for tn"
| transaction of business. They shall be
| rlt ted annually. at a meeting of the
4
lowing dat": ON the third Monday Of
| February of every year. And, until the
| clc,t lion one year from said date, in the
wear 1921 II" officers hereinafter named
| shall manage its business. until their sue
ccSSors have been elected and qualified and
| All directors shall. in any event. hold Of
ice and continue management until legal
" displaced I'pon due call and by ma
! iority vote. stockholders shall have power
to remove directors and fill vacancies. The
/ first board of directors shall be- the fol
low ing together with their official titles
land every succeeding board shall be sim
ilarIy titled: Gregg Antioch, president ;
= IL CIark secretary and treasurer: Luka
| KuIiiS. virr-prcSident. all residents Of
! Biloxi. Miss. and annual meetings shall
| hc held 1t Gl2 lberVillr street. New Or
leaES. subject to Art. ii of this charter.
The board Of directors. may AZ pleasure,
elect or <ppoint other officers and deSig-
nate their duties. or combine the duties of
any office and fix. raise or reduce the sal
airy thereof. All elections shall he by bal
lot at the office OF the corporation. under
the ~uperv iSiou of two commissioners
named by the president and notice of all
meetings shall be given to all stockholders
in writing and in person or by mall at
least fifteen days prior thereto. At such
meetings every shareholder shall vote one
vot, for each share of stock in his name on
the books on that day. and a proxy shall
similarly vOt" for every share. Failure TO
elect officers or directors will not dissolve
this corporation. Vacancies on the board
may be filed by the directors ad interim.
Every power granted by law to corpora
tions are taken hereto. whether or not
herein set out and the directors shall eN-
erciSc all such lawful powers.
VI This act of incorporation may be
amended upon majority vote. by nOtarial
act. The corporation may be prematurely
dissolved. upon majority vote, and the
stockholders shall name three liquidatOrs
and define their powers and compensation
who shall liquidate its affairs, pay its Obli-
cations and prorate its assets among the
shareholders according 10 shares.
VII Legal service shall be made on tn,
president. or in default on any member OF
the board of directors.
VIII. This corporation may acquire by
purchase or exchange, hold, own. pledge
and sell stock. bonds. shares or mOrtgag,
securities or other property in other cor
pOratiOnS, or from any individual, firm, as
/ SoriItiOn. political or otherwise, and eN
. ercSc all the rights, powers and privilege,
[ legally incident to such ownership, includ
ing voting rights in any other corporation
And similarly, other corporations shall
! legally own property in this corporation
! No stakeholder shall ever be liable for tn
: faults or contracts of this corporation, ii
, any greater sum than the unpaid balance
D du" on shares, or other evidences of in
debtedneSS thereto. such as mortgages q
:, notes or ordinary debts nor Will any infOr
mality in this act invalidate it or expos
StOC holders to any liability This act con
I Stitutc> an original subscription list AM
the subscribers hereto. have written OPP
pO>ite their names their addresses and tn
number of shares by them SUBSCRIBED, am
declare that they have, in their capacit.
ms appraisers. justly and truly APPRAISED
| the value of the property hereinbefOre Sc
out and which they have. accordingly ac
cepted as the property of this cOrporatiO
L in exchange for its stock. and as equiva
lent TO the full value of said stock an
| that same is an accurate and detailed de
lScriptiOn of the property, valued, appraiSe
; and accepted by them.
IN. This corporation shall have powe
n to issue stock for all property or Othc
. stock and for services rendered and TO
: any legal consideration and with power t
n sell same on terms or prOmiSSOry note
a but only after such consideration sha
y have been received by the corporation.
S y. This corporation reserves the powe
:, and privilege, after due mandatory act,
S tinCraSe the capital stock to the sum G
= one hundred thousand dollars.
: Thus done and incorporated at my offc
: date aforesaid. in the presence of Osca
s Pilman and John Pierce, two cOmpetcn
o resident witnesses, who with said appear
y ers, and me, notary sign hereto in witnes
a whereof
, Witness, o. Pimer. John fierce. IncOl
4 pOratOrs. Gregg Antioch, Biloxi. Miss
- fifty shares: L. II. Clark. Biloxi, Miss
" shares. Peter Skprmpttn Biloxi Miss