The herald. [volume] (New Orleans, La.) 1905-1953, 1921-10-06
CHARTER OF THE ORLEANS hi'h
AND COFFEE CO, INC.

leans. BE II known that Oh ms - ~
day of the month Of August. III the Scot
Nineteen Hundred and Twenty -Ohc, "nN
of the Independence of the Inlteu stu
of America the One hundred anu 49,
NTH Before me. Herbert W. hhls'r'
notary public duly sworn, tomIilSSto"m.u
and uualificd in and for the ParlSn OF vi
leans State of Louisiana, ana III the pr,
rnce of the witnesses hereinafter h1'lI"
and undersigned, personally came anu ar
pcarcd the several persons MhuNe I,
are hprruuto subscribed, who declared Indt
awaiting themselves of the laws OF tnlH
state relative To tn" organization OF COZ
poration>, they have 'olSn"", .,'i.,.,,,,'t
agreed and by these presents covenant
agrc,.. bind. form and constitute IH'lH
selves as well as such persons as na"i
hereafter become associated WIN 'I'II''
into corporation or body pohtic III Jaw.
for the objects and purposes, aud uhutl
the agreements an dstipuldtionN loli'"H'-
tU-Wit.
ARTICLE The name aud title Of thi~
roruuratiOu shall bv Orleans l'lce an" VI
fee Co. Inc, and under Its corporIlv n".a'
il shall enjoy succession for the luI term
and prriod of ninety nine years from ""u
after the date hereof. ana shall haE' Po"5i
and authority to contract, sue anu uT SUI
fn accent and receive mortgages pledges.
and other hypothcCHtiUnS, 10 m"N' an"
u-,. "A corporate seal and the same 10 hI,'"
and alter AT pleasure, TO purchase ~ ~,
lease. hold or otherwise acquire anu ''.'
y,.y rs well as mortgage and hyPOtht'dl'
under it, corporate name, property p"I"
real. personal and mixed, to borrow MoH'H
and make and issue bonds aud oth'r 'Il
d"urv> of debt aud TO secure the SAM pE
mortgage aud otherwise, to SubStrlbr "
and mold STOCK in other corporations. {"
acquire. hold and Reissue shares OF IL
capital stock, 10 carry out all Of the on
Jp.ts and purposes hereinafter sci loI'h
10 name and appoint such managers anu
directors. officers and agents As TN" M
tyTr~t and convenience of SAID corporation
may require. and to make and establish.
H. well rs alter and amend az pleasure
such bylaws. rules and regulations i"E
the management of the corporation a. may
he necessary proper and convenient ana
generally 10 do all sue hactS ana thlHE~
- trading corporations are authorZ'u I"
10 under the laws Of the state Of Louis
lana.
ARTICLE IL The domic!lr Of this cor
unratiou SHAH be the Parish Of Orleans
stat" of Louisiana. and all Citations 81
other LEGAL process shall be served on the
president of the company, or IN MS an
~.uce upon the vice president
ARTICLE II-The purpose, Of TINS
corporation are. generally, - prlhriPai
or uanditary, 10 engage in the buying ana
selling rs principal or broker, At who're,
sale or retail. Of rice, coffee, sugar anu
other products. and generally 20 do all
things necessary or incident 70 the proper
conduct OF its affairs, whether SPe'Ih't!I\
enumerated herein or not.
ARTICLE IV-The capital stock Of thI>
:
thirty thousand dollars tS&0ODwD divided
into and represented by three hundred
shares Of the par value of one hundred
dollars ,SlOOOOt per share. IN" amount
of said stock may he Increased 20 $500,
np0npl i've hundred thousand dollars. No
transfer Of stock shall h. binding upon
the corporation unless made ana recorded
unnu is hooks No stakeholder shall
have. the right 10 transfer Or convey any
If his or her stock in the corporation un-
..~S and until h. or she shall nave lf>'
made written offer 10 the other thrh
stockholders Of the corporation or 10 th"
CORPORATION itself, 10 sell his. or her sio'k
To- them At the valuation 70 10" determined
rN -" board and in case Of diSNatl Sih'-
rIOu Is 20 the price set by the board, ~"
matter shall b. arbitrat"d one arbitrator
with the power Of amicdhlr "omPpuHdeT
10 p. appointed by the board. and one by
fhn party desiring ct sell his stock. and IN
umpire 70 be selected by those Two. VINO
,hlll take oath. and whose decision Sha!
he final and no recourse to the courts 4"
hH thereafter allowed. And all shares OF
stock when 50 purchased may be r. iS~ue'
II not less than par.
such written offer shall he addressed ="
rh, other then stockholders. aud 20 tn"
corporation itself. collectively. and shall
hn delivered to the Office Of the corpora
riop not less than ten DAYS prior 10 the
application for the transfer OF the stotk
The corporation shall then transmit 'hiN
offer to the RESPECTIVE" then stockholders.
and the stock Of the stakeholder desiring
- sell shall be distributed prOrata among
such " the other stockholders as desire
20 purchase. in the proportions IN which
the stockholders DESTROYS Of purchasing
bear - each other; and II the total which
such other stockh OferS desire to purchase.
is less than the total offered for sale, then
after each Of the other stockholders shall
have and taken and paid for the amount OF
stock which he or she, desires 10 buy. and
10 which he. or She. Is entitled, then the
remainder untaken shall be open for pur-
chaS" by the corporation itself. and unless
prob ibitpd by law, the corporation may it
self Use cnd apply its surplus earnings or
accumulated profits 70 the purchase Of
any stockholders desiring to sell Of any
portion Of that stOCkh Older'S stock which
/ none Of the other stockholders may de
sire 70 acquire. provided that the corpora
ton shall not apply any of its capital 70
IN" purchase Of such stock but shall al
ways maintain its capital uRimpaired.
The corporation shall have the right TO
refuse ia transfer any stock 50 long as the
stakeholder demanding the transfer Is in
any way indebted to the corporation. and
the corporation shall have a lien. pledge.
and privilege on each share of stock to Sc
cure any indebtedness by the shareholder
to the corporation. Should any Of the
stock offered for sale be not desired by the
other stockholders, and should the cOrpO-
ration itself b. unwilling or unable to pur
chase any Of the same out Of its surplus
earnings. within ten days from receipt at
the corporations Office Of the written offer
TO sell. then and then only shall the stock
holder desiring to sell be entitled to trans
| fer such undesired portion of the stock to
such person or persons. and ar such price
as he or she may see fit.
Article V-The corporate powers of
this corporation shall be exercised by q
board Of three directors. who shall be
stockholders in this corporation, and who
shall be elected by the stockholders an
nually at a general meeting to be held on
the 9TH day of January and the said board
shall have, and is hereby vested with all
the corporate powers of this corporation
subject only to such restrictions as may be
hereinafter mentioned. Not less than two
directors shall constitute a quorum for
the transaction of any business by the said
board of directors
From the said directors there shall he
elected annually president. ice-preSi-
dent, and secretary treasurer. The fol
lowing persons, each of whom are and
each declare to be bona fide owner of at
least one unpledged share of stock in this
corporation, shall constitute the first board
of directors: Arthur A. Hitler, Horace s.
Gumbel. Horace S. Gumbel. Jr. The said
board of directors named above. shall con-
tinue in office until their successors are
elected. Each board of directors, at the
first meeting after their election, shall
elect officers for the corporation as here
inabove provided, who shall likewise hold
Office for one year.
The president of this corporation is
Arthur A. Hitler, whose address is 1900
Birch street, New Orleans, La; the vice
president is Horace s. Gumbel, whose ad-
dress is 4432 CarOndelet street; the sec
rotary is Horace S. Gumbel, Jr
whose address is 4432 Carondelet street,