The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-31
ACT OF INCORPORATION OF THE
BROWN SUGAR h MOLAssEs COM
PANY, INC, MARCH 10th, 1921.

United States of America. State OF Lou
iSi"na, Parish of Orleans, City OF New OF
leans BE il known. That on this tenth uaE
of the month of March, in the year OF our
Lord one thousand, nine hundred ana
twenty one; before me, Walter - hanlih:
notary public. i'll and for the farlsh Ol
Orleans State of Louisiana, duly commits
stoned and qualified. and in the presence
of the witnesses hereinafter named ana uh,
dersigned. personally came ana appearSu
the persons whose names are herruhtO sup
scribed, who Seyerally declared. that' aNail-
ing themselves of the provisions OF the
laws of the state of Louisiana, relative 10
the organization of corporations. they nave
covenanted and agreed. ana blhd them
selves as we'll as such other persons VINO
may hereinafter become associated with
them. or their successors, to form and con
Stitute a corporation and body pOntlc III
law. for the objects and purposes. ana un-
der the agreements ana stlpulatLohs ioi-
lowing. tO-wit:
ARTICLE 1.-The name, style and title
of this CORPORATION shall be The Brown
Sugar & MOlasses Company, Inc, ana uh,
der that corporate name II shall nave anu
enjoy all the rights and privileges Srahleu
by law to corporations; it shall exist for
a period of nnety-nine years from anu
after the date hereof.
ARTICLE 1.-THE domicile of said cor
poration shall be in the City of New pr
leans, Parish of Orleans, state OF LOUIS
lana. and all citations and other Legal
process shall be served upon the president
of said corporation, and. in case of his
! absence upon the Vice President and. in
the case of the absence of Doth Oh THESE
! officers upon the Secretary thereof.
! ARTICLE III-The objects and pur-
poses for which this corporation is es-
| tablished and the nature of the business
| to be carried on by ii, are hereby declared
| to be, to carry on general commission
| business, and TO buy, sell, ana deai III
| molasses. sugars, syrups, merchandise,
| goods, wares, food commodities ana prod
ucts OF every sort, kind or description as
| commission merchandise brokers ana com
mission merchants and brokers, and as
| buyers sellers and dealers; to buy, sell
and lease plants, tank cars, tank barges
! tank vessels; to erect storage ana canning
plants, and any yand all appurtenances and
| purposes of the company; to have branches
at any points necessary, either IN tht
| United States or elsewhere, for the sue
| cessful operation of said business.
ARTICLE Iv.-rhe capital stock of thi:
corporation is hereby fixed at the sum OF
| twenty thousand ($20O00.00) dollars, di
yided into two hundred shares of the pal
value of one hundred dollars ($1O0OO) each
each share to be paid for in such manner
as the Board of Directors may determine
| The amount of the capital stock may b'
Increased to one hundred thousand dol
lars 1O000000), and the said corpora
ton shall be authorized to begin business
and shall be a going concern when mt!
per cent of its capital stock all have beef
subscribed for shall have been paid In.
All sales and other transfers of any o
the stock of this corporation shall be Volt
u unless said stock shall have been Prev
ously offered to the then existing stock
! holders through the Board of Directors
at a stipulated price, and IL the Board, TO
, the said stockholders, does not see mt Z
! purchase said stock, then IL shall not D
, sold at a less price. or upon more favorabl
terms, without likewise offering il to tn
| nj
E In case of sale or transfer OF stock, or Tn
, issue of increased capital stock. the the
} holders of stock Of the company shall nav
E the right to purchase said stock in tn
e ratio of their holdings of stock Of the com
pany. No sale or transfsS-1f stock snail o
I binding upon the corporation unless mao
upon its books, and said transfer shall D
e made only upon surrender or PROOF or los
4 or destruction OF the outstanding eertli
T cate.
ARTICLE V.-All the corporate power
! and authority of this corporation shall :
vested in and exercised by Board OF ID
rectors, composed of not less than tnrt
I stockholders. to be elected annually by ba
d lot at a general meeting Of the stockholt
+ ers on the second Monday in March,
n each year. No failure to elect Director
n shall be regarded as forfeiture OF IN
charter. Any yancancy occurring IN an
v on said Board shall be filled by the r
' naming Directors for the unexpired teri
! Said Board of Directors shall at the mr.
e meeting after its election elect from anon
!. its number a President, a Vice-Presiden
+ a Secretary and a Treasurer, and the men
n bers of said Board of Directors shall ha'
the power and authority to combine oil
or more of the above Offices, in one pc
son.
h ARTICLE VINO stockholder shall ev
D be held liable for the contracts, faults
vi debts of said corporation in any iurth
~ sum than the unpaid balance due to &
m corporation on the shares of stock own
h. by him, nor shall any mere informally.
% organization have the effect of renderil
this charter null. or Of exposing stoe