The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-03
CHARTER.

directors, by the payment TO the nUru enS
thereof of one hundred ana nv ~aU oc
dolIars per share, together with an ac
crned and unpaid dividends; such reuennI
tion to be in such manner ana IN nv. hcvoi "
once with such rules and regulatlonS aS |
may be provided by the boaru % % time
tors of said company from tlhe " ti bnot,
bnt fine company shall give thirty VOW
days notice to the holders OF the s toSh ~, |
tended to be redeemed of its INTENTION "
redeem such preferred stock, anu uPon
aiS-inty such notice dividends on such pre-,
ferred stock shall cease AT the uate hAe
for such redemption, unless the toinPa'
shall fail to redeem said stock IN acco.pL
anca with the notice; provided lhat hoIn
inc I'm this paragraph contained shalI pre-
vnnt or Drohibit the Board OF directors
from purchasing upon the open hihIh Ns'.r Ia
the purposes of redemption such pIe.,, ~
stock as the holders thereof may De Wins
to sslI nj less than one hundred anu yen
$40 OO) dollars per share ana accrueu anu
unpaid dividends. .
I-nop any voluntary or involuntary dls-
solution or winding up OF the cOrporalloIi
or liouidation of its affairs. or upon an!
merger of the corporation with any othe5
CORPORATION. the holders OF sald prelerrttu l
stock shall be entitled 10 fecelNe anu "a
paid the full par value OF thrlr snairs, -,
any and all dividends accrued lincludlhs
nr1portionate fractional dividend LOT any
expired portion of any dividend period nov
wholly expired) and unpaid thereon, out
of the assets of the corporation. anu W Spcb
the payment of the full par value OF SUN
nreferred stock and of any ana al uNi
bends accrued as aforesaid, ana NhPai'ui
upOn such preferred stock, any ana an
assets of the corporation theh rrHlaln IiS
md available for distribution or intended
10 he distributed. or the proceeds thertol
shall be distributed pro rata among lne
holders of such common stock accoTdlhs 70
| the number or such shares helu u! '""
of them respectively.
Shares of the preferred stock ana OF tne
common stock shall have equal voting pow
erS.
| ARTICLE VI.-The business and affairs
| of this CORPORATION shall be managed anu
| all of the corporate powers thereof Snii :
he vested in and exercised hy bo"r " Ui
| NOT less than five To-, nor more thhh
| seven IN directors. to be elected from
| among its stockholders and majority Oh
| the directors at any time IN oinCe' tInri
| present in person or represehttu .! 80
| including the President ana Other oHlCeiS'
| shall constitute quorum.
| The said Board of Directors shall elect
from among their number President one
or more Vice Presidents, Secretary anu
a Treasurer. The office OF wee reslut ,h
| and Treasurer may be combined by the
| BOARD and filled by one and the same per
| son. Neither the Secretary nor the Treas
urer need necessarily be members or the
Board of Directors
The Board of Directors shall have the
full and complete control of the propert!
of this company and they shall conduct
manage and use the same as in their ais
erection they may deem best II not Incon,
sistent with the objects OF the company
and the welfare of the same. Inc hdlu
BOARD of Directors shall have the furthei
power to make, alter and annul snch 10y
laws. rules and regulations Tor the gov,
eminent of this corporation, as the! ma!
think proper.
: Tho Roard of Directors shall have tht
further power to appoint all agents, clerks
or employees and fix their salaries ano
compensation, with term of office, WIN th'
right to dismiss them at pleasure anu 'n'
said Board shall have the further right t'
fix and determine the salaries OF the sew
eral officers herein provided for; pro
yided. however, that the Board OF Dlrec
, ltors may delegate such powers to the Presi
dent or General Manager OF the corpora
tion. or to an Executive Committee ap
pointed by said Board and consisting
not less than two directors,
| ANY vacancy occurring on the Board o
l Directors shall be filled by the remalnlh'
. members of said Board for the uneNplre'
term. at any meeting of said Board o
! Directors.
ARTJCIE yII-The first board of direc
TORS of this corporation is hereby IKE
. at seven ca in number and shall De cS 9in
: posed of: r. F. Milling. whose postonc
address is New Orleans, La: ID. W: Pipes
Jr whose postoffice address is Houm;
= La; A Lasseigne, whose postOnlce ad
! dress is LaPlace, La; simon AbTahan
y whose postoffice address Is Raceland, La
;, Emile Kahn. whose postoffice address
y Raceland, La: Emile GodcheauX, who'
II DostOffice address is New Orleans, La
Jules Godchaux, whose postofhce addre'
e Is New Orleans. La. with the 1oiloWns y
n icers who shall serve until the nrst ahhui
, meeting of this corporation on the secon
5. Monday in February, 1922, or until the
al successors shall have been elected, qual
"a fed and installed r. e. Milli9g, rresl Fmi
d. Kahn. Vice President Treasurer; Emi
p Godchaux, Secretary.
- Said Board of Directors shall serve u
"a iii the first meeting of the stockholders i
the election of Directors. or untli thelr Su
e, cessors are elected, qualified and lnstalle
e, ARTICLE vIII.-On the second Mond
P after on the second Monday of Februa
ye in each year a meeting of the stockton
of ers of this corporation shall be held az
ch domicile for the purpose OF electlng dlrt
d. tors for the ensuing year, ana at su
e. meetings the stockholders shall have I
IT. right of cumulative voting in the electl
in of directors and shall have the rlght
to electing the number of directors then
hit seven directors then in office. shall ma
the right of electing additional direct'
- so long as the full number of direct'
Of elected does not exceed seven IAN.
20 from any cause whatsoever 10 holu
"a annual meeting of the stockholders,
1ual the failure to elect directors thereat. sh
-. not dissolve this scOrporation, nut
~, directors and officers then In ONCE 81
30 remain in office until their success
shall have beenl respectively duly chos
elected, qualified and installed.
ain ARTICLE IX.-In payment of the 81
ais ! scription to fifteen hundred ana tWel
ks | u5o0) shares of its common stock, OF
or aggregate par value of One hundred I
or Fifty.two Thousand ($152OOO.OO) Dolii
Try the corporation may purchase, receive
Use take title to the equity of the pres
de- vendors in and to the sugar piahlal
nd and properties the improvements ther
to and appurtenances thereof. and all OF
res, property and assets acquired by u
fic from The l.. A. Blouin Company, Limit
ion by act before Raymond III. Saai, NOT
his Public of the City of New Orleans, on
yer 10Th day of June, 1920, as well as In
to the going business now conducted
-; | them in connection with said pr0pert
on. and in and to all assets of every chara'
Tho connected with or employed IN :
IA | business there being annexed hereto
iui accurate detailed and itemized descript
,Ia | OF the properties, rights and equities
or be acquired by this corporation IN
tho change for said stock, as to amount, II
,ass | ton, extent. character and state Oh
IA, | proyement the parties herein named
a., the Board of Directors of this corporal
a. | stating that its value as appraised
ay1 them is not less than One hundred
.iyi- Fifty-two Thousand (S152WO.OO) Doll
,sas ARTICLE X.-This charter may
COS amended. and the capital stock OF
ssid corporation may be increased or decresi
'"iu or this CORPORATION may be dissolved
-. the method and manner provided by
,apr ARTICLE XI.-NO stakeholder of
/ of corporation shall ever be held naDie