The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-26
Of INCORPORATION OF 4. L
AC' Young COMPANY. INC.

..,. n Louisiana, Parish Of Orleans,
state ~ Orleans. BE IL known. That
CITY ~ 18th day of the month Of jan
% this;c c M and Of the Independence Of the
uafy, ~Ssates of America the one hun
unssc "A forty fourth, before me, Charles
dredrstehinger, a Notary PUBLIC duly
esumissssS and State aforesaid, therein
city. and In the presence Of the wit
rsioihk, .s;nsfter named and undersigned,
$685. came and appeared the several
pefsas whose names are herennto sub
riSsd who deeIared 1na' 81 aV tSs ssws nf
selu.. relative TO the formation and
his g.s,on of corporations, they have
sfgsnted and agreed, and DO, oy these
eevensss covenant, agree and bind them
I've. as well as those wnS may pay mere,
sffe .SsnseIyes into a corporation for the
forn and purposes, with the name and
so the stipulations following, to-wt
snanTr,cIE 1.-The name and style of
AZ cerporstion shall De y. !; aouhg Som.
psny. have and enjoy existence and sue
ea Tar n period of ninety-nine years,
eese ass sooner dissolved, and shall have
ID n. rights, privileges and immunittes
nns,rb are now or may hereaiter De grant
snrs law to corporations of the same
Ind character, and under said cor
nne name IL shall have the power and
Pess,ity TO contract, sue and be sued, 10
ssre and use q corporate seal, the same
- hreak or alter at pleasure; ana 10 make
vns~.ssary rules and regulations Tor Its
tnnsste management and control.
"prIct.v 1.-THE domicile Of this cor
A,ian shall be in the city Of New Or
afate of Louisiana, and all citations
"a cther legal processes shall be served
-, the President, or, in event OF his
.Ssence or inability TO act; tnen UPON any
eag e,o,ided by the laws of this State.
N.pTICI,E iII-The objects and pur-
a. lar which this corporation Is organ
- and the nature Of the business to be
srried on by i are hereby declared an 70 Dc
hresd. pies, cakes and other confec-
ns,s and to buy and sell and generally
"a desl In such manufactured articles,
IN, AZ wholesale or retail; to acquire,
s liz and operate in the city of New Or
~n I'VE. one or more bakeries and other es-
,saiishments for the manufacture, sale
"a distribution of its products, and gen
s,si,v TO do and perform all things incl
a.assi or germane to the objects and pur-
noses hereinbefore expressed;
rIRTICLE IV.-The capital stock or this
.n,noration is hereby fixed at the sum OF
W thousand ($l0O0O) dollars, divided
;sto and represented by one hundred
nm shares of the par value OF one nun
dred $500 dollars each, all OF which shall
~ n.
Sheh the capital stock may be Increased
!. hereby fixed at the sum of twenty-five
,honssud dollars. The said stock shall be
,ssued only for cash or In payment or
property or services actually received Dy
=, rendered to said corporation; said stock
xsI be fully paid for at the time OF its
;ssnsuce and thereafter be n-assessable.
rStv per cent of the capital stock shall
~ subseribed before the filing of this act
a Incorporation and nifty per cent OF the
= had ShaI ha
osd IN before the corporation engages in
badness, and the remainder Of the amount
a subscribed shall be paid in In one year
from and after the date hereof. The resi-.
due Of the stock shall be issued and paid
for subject to the action of the Board Of
directors. In conformity with existing
provisions Of the law relating thereto.
fAe parties hereto have subscribed for
the number of shares set opposite their
respective signatures hereto, so that this
sct Of Incorporation shall also serve as
the original subscription; the balance OF
the capital stock shall be issued and paid
70, as may be hereafter provided for by
he Board Of Directors.
ARTICLE VAN the powers Of this
corporation shall be vested In and be ex-
srciSed by a Board of three Directors.
aid Directors shall be bona fide stock
holders and shall each own, at all times,
II least one full paid, non-pledged share
Il stock. The first Board of Directors, as
hall consist of b. Palmer Hardie, 2l7
Audubon Boulevard, New Orleans, who
IAN be President; Vim. T. Hardie, 141l
Jsckson avenue, New Orleans, who shall
y Vice President; Elmer l. Young. 1926
LSverline street, New Orleans, who shall
& Secretary-Treasurer rhe above named
Beard Of Directors and each succeeding
Bard shall continue to hold Office for one
ysos, Or until their successors are elected
m qualified. Failure to elect Directors
q the annual meeting, as well as any fall
ne 70 elect officers at the annual meeting,
sail oct operate to dissolve the Company,
hul the directors and officers installed
hall continue to serve until their success
mu are elected and qualified. The per-
ssss 10 be hereafter elected Directors Tor
subsequent years shall select from their
ssn number a President Vice Presi-
dsat and q Secretary Treasurer. The
beard Of Directors may from time to time
M o. the business of the corporation
nly dictate, combine any two OF the above
s6ices In one and the same person, ex-
opt that Of President and Vice President.
o. The second Tuesday Of January, 1927,
nd each year thereafter, the stockholders
Axll elect Board Of Directors for the
ssesing year; the Board Of Directors; as
web q The officers ALREADY Installed. shall
tsatinue In Office until their successors
AZ elected and qualified. The election Of
Directors shall be by ballot, and the per-
80 receiving the majority OF votes cast
vii U6 0ecidreu erected. TUT eicttiuS
nirecten, or for any other purpose, ench
iAafs Of stock shall be entitled to one vote,
vAftAer present or by proxy, but no frac-
uoaal share Of stock shall he entitled to
veee. A majority Of the Directors voting
q any enc time, In person or by proxy,
Aah be required TO pass any resolution
= adopt any bylaw, and which. when
adopted, shall become yalid corporate
IA In case of vacancy on the Board or
auoog the officers. from arr cause. the
WINNING members of the board shall
h,ve the power to enact such bylaws,
ules and regulations as in their opinion
nay Be necessary and proper for the man
ssement operation and control Of the bus
hes Of said corporation.
ARTICLE vI.-Notice of all meetings
ned for the election Of Directors, or for
eny other purpose, shall be given In writ
ng ~ the Secretary and may be served
easenally or deposited in the mail. ad-
qeesed, fifteen (l5) days before such
Icing u held, and directed to each stock |
1oooef ct his last known address, as the
ne snail appear on the books of the cor
W1uon, unless said notice is waived In
sn1ng By all Of the stockholders appear
- epea The books. At all meetings OF
ssssseiders majority of the votes cast
asl oe sufficient to elect or decide all
snoes voted upon, except for the al
1911, amendment or the dissolution of
~ esfporation.
ARTICLE vIL-This act Of incorpora-
- nay be altered, amended or modified,
ue corporation dissolved, by q vote Of