The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-21
CHARTER.

Orleans, State of Louisiana, Only CO.
stoned and qualified, and in the n, -.
of the witnesses hereinafter named ~ =
dersigned, personally came and ana
the pt rSCnS whose names are herepnts :.
scribed, who severally declared. ths, ~
ing themselves of the provisions A. 4
laws Of the State of Louisiana. reLt;,,
the organization of corporations. theT u.
and agreed, and bind ~.
selves, as well as such other persOus =
may hereinafter become ASSOCIATED -
them. or their successors. to form ana -
stitute Il corporation and body pOTtis
law, for the objects and purposes and n
der the agreements and stipulatiOus
lowing, tO-wit:
ARTICLE 1.-The name. STYLE ana =.
of this corporation shall be The R,s-
Sugar * MOlasses Company, Inc, ana :
der that corporate name it shall have !,
enjoy all the rights and privileges sr,,,s
by law 10 corporations; it shall exit \
a period of ninety-nine years from d
after the date hereof.
ARTICLE 1.-THE domicile Of Sid A. b
poratiOn shall be in the City Of New q
leans, Parish of Orleans, State Of Ian, +
lana, and all citations and other IA
process shall be served upon the PresilH &
of said corporation, and, In case Of NJ
absence, upon the Vice-Presdent, and n
the case of the absence Of both Of d
officers, upon the Secretary thereof
ARTICLE III.-The objects and N
poses for which this corporation i 81
tablished, and the nature Of the busss
to be carried on by it, are hereby dehs
to be, TO carry on general. eommixs
business, and to buy, sell, and deal
mOlasses. sugars, syrups, merchlnts
goods, wares, food commodities and El &
uctS of every sort, kind or descriptim
commission merchandise brokersand 50
mission merchants and brokers, and
buyers, sellers and dealers; to bur Il
and lease plants, tank cars, tank hfrs b
tank vessels to erect storage and eahlz
plants. and. any and all appurtenanca u E
purposes Of the company; to have brantts 3
at any points necessary, either IN D 8
United States or elsewhere, for taF "
cessful operation of said business.
ARTICLE IV.-rhe capital stock Of d \
corporation is hereby fixed at the sun I
twenty thousand S20,000.00) dollas 3 E
vided into two hundred shares Of tie !
value of one hundred dollars $4,000 al T
each share TO be paid for in such nanx \
as the Board of Directors may detGHln
! The amount of the capital stock NAY
! increased to one hundred thousans n .
1 lars $500. 0O0.00), and the said coipaa
| ton shall be authorized to begin buSla
and shall Le a going concern when ny
per cent of its capital stock all have VI F
! subscribed, and fifty per cent Of al so
subscribed for shall have been paid n
All sales and other transfers Of ng
| the stock of this corporation shall N "
| unless said stock shall have been prn (
| ously offered to the then existing va
| holders, through the Board OF Dfeun
at a stipulated price, and IL the boafa
the said stockholders, does not see
purchase said stock, then II SHAH ha
sold at a less price, or upon more iA'Vas
terms, without likewise offering
Board at such price, and upon sala ~
In case of sale or transfer OF STOCK
issue of increased capital stock, ne
holders of stock of the company snsa
the right TO purchase said stoek
ratio of their holdings OF stock Oh us
pany. No sale or transfer OF stock ~
binding upon the corporation unless y
upon its books, and said TRANSFER ~
made only upon surrender or proof
or destruction of the OUTSTANDING '"
cate.
ARTICLE V.-All the corporale ~
and authority of this corporaIon ~ y
vested in and exercised by posu n
rectors, composed OF not less ,ns, :,
stockholders, to be elected amman.
!, lot at a general meeting Of the aes 4
ers on the second Monday IN MI LIS
each year. No failure TO eject pss 4
shall be regarded as a forfeiIss !. !
charter. Any yancancy occuirns 4. q
-, on said Board shall be filled .,
manning Directors for the unek =. &
Said Board of Directors shall a. M -
: meeting after its election elect ifg n.. ~
its number a President, VICE y. a
a Secretary and a Treasurer, ana y. vi nd
beers of said Board Of Directors M w.. n
: the power and authority to eon.s =
or more of the above ofnces' IN W.
son. =.
ARTICLE Vino stockholoer % ia \
! he held liable for the contracts, ~
? debts of said corporation In ag ny. 4, d
sum than the unpaid balance ~ ~
!, corporation on the shares Oh sIc.Is, i
by him, nor shall any mere ihI'' 49,
: organization have the effect o. III
|, this charter null, or Of exposing -
holder to any liability beyono w
of his stock. -
Il ARTICLE yII.-The following ~
are hereby nominated and cohs.n s,t1 y
I. first Board of Directors TO ss ass n 3.
> | second Monday in March, w. -,.,tS D
p their successors shall have peeh
@ qualified, tO-wit: sr<
2 Charles c. Brown, 523s CAMP ~;
e Charles III. Russell, Jr.. go fs sns ~
v William T. Russell, Jr., lIlv ce. .ss1 ~
all of New Orleans, Louisiana; nsesn
o time the following shall DC the
e this corporation, to-wr' 40
# Charles C. Brown, Presidens vvsabs
% tary: Charles III. Russell, IL ... prsiit
J. Board: William T. Russell, ~. hrte
If The persons whose names "a y
Ie subscribed are hereby deciaI and y
incOrpOrators of this corpora.iysshs ir -
n respectfully written opposhe stoek 2
le and addresses the amount " "a thf
re scribed for by each Of them. IRE . :
~ act of incorporation may ai:o rs a.;
10 original subscription nst
n stock of this corporation. sss5
er Thus done and passed, ID n,, % y
office. in the City Of New vs"T ~
u. said. in the presence OF snnn,rpetssl Z
bal and Theodore A. Beck, ey aSiue b
- nesses of lawful age sha .iss thsir ~
= city, who hereunto supsc and ns (,
:, together with said appear - forth
AZ tary. on the day and date sesdIng
NC caption hereof after tne
a. whole
III (ORIGINAL SIGNED
Il Subscribers names omit.,k 7. -
Sc witnesses: T. A. Beck, Franz u
>" bal. w n HANlE,s
II. '" notary !, 'jI1t
T. the undersigned. Rec seaS q or
cages in and for the Par aSr certt
lc' State of Louisiana, do het =, n Inccs.
the above and foregoing AZ q 'sclssss
= ton of The Brown sugar = Sujy rscs'
lie pany, Inc, was this , dag u folio ~
my Office. in Book lzD os,
0sioans March 10th, 19zl. cc1f