The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-28
CHARTER

mis- charter or any existing law, fixing or
altering the management OF It's property
the regulation and government OF It's al
fairs and the manner OF the certihcatloh
and registration of its stock. 1t may wind
up and dissolve itself, or be wound up
and dissolved in the manner prescribed
by law. 1t may conduct business IN thi>
state. other states. the Federal DiSfTl'tS
tive Territories and possessions Of the
United States, and in any foreign country
1t generally shall possess all the powers,
rights, privileges and immunitleS when
corporations are and may hereafter be au-
thOrized to possess under the Constitution
and laws of this state, and particularly
under Act No. 26I of the Acts OF the
General Assembly of the State of Louis
lana for the year 1914. And il shall have
the power to invest its board of directors
with all of its corporate powers, subject
TO such restrictions as may be named IN
this charter.
ARTICLE 1.-THE domicile of this cor
pOratiOn shall be in the City of New Or
leans, Parish of Orleans. State of Louis
lana, and all citations or other legal pro
cess shall be served upon its president. or
IN the event of his absence, upon the vice
president. or in the event of the ab>elce OF
Dotn of said officers, upon the secretary.
ARTICLE III-This corporation shall
have the power TO conduct its business in
all of its branches in any of the States,
Territories, or possessions OF the nlJrd
states as well as in foreign countries, and
may have one or more Offices outside of the
State of Louisiana.
The objects and purposes for which the
said corporation Is formed, and the nature
oI tnr business to be carried on by II are
i-UE declared TO be:
| SETON l. To plant, cultivate, grow. pro
| duce. manufacture refine, buy, Sell, I'M
.urt. export, ship, transport, and generally
Iral IN sugar cane, sugar, molasStN, SAihp@
| ANA all Ine products thereof, and TO carry
hui iYsi Al %
| the purpose aforesaid, to acquire, con
| stTuct. lease, own, maintain, and operate
| sugar or other plantations, sugar or Other
| rennerieS, and any buildings, mills, lac
| tories. diStillcries, and other works, neccs
| sary therefor; to raise, buy, sell and dea
| in horses, mules, cattle, livestock anC
| poultry OF all kinds, and generally to en-
| -aGr IN the business or a planter; 10 build
Uuy, rent, sell, establish, maintain, Operat,
ana conduct sawmills, hotels, stores, ware
houses, depOts, etc, and to do genera
merchandise business.
Section = To bid in, buy, sell, acquire
| lease, sublet or farm for its own accoun
| or for the account of others, real estate
| lands and tenementS, and to survey, sub
divide and plat such lands for the purpOs
OF sale or otherwise, and to improve ant
develop the same by the erection of house
Jr Uulidings thereon, and to do Such Othe
| 'p.pI >, ments as may be needful o
desirable in and about the improvement
or development thereof for any purpOS
whatever, and particularly to drain am
reclaim lands, and for that purpose 10 form
or subdrainage districts, or to ii
any act which AN individual might lawful
ly do.
Section g. To purchase, acquire, receive
hold, own, pledge, sell and dispose q
stocks, bonds, mortgages, debenture'
; notes and other security or evidence q
Indebtedness of any firm, association, IL
dividual or corporation, or of any stat'
parish, county, ward, drainage or sui
drainage district, or any political sub d
vision in the State of Louisiana or else
| where.
Section 4. To construct, purchase, leas
or otherwise acquire and own, maintai
and operate steamboats,, sailing vessel
barges and other water crafts, piers, dock
or wharves, and such lines of tramway q
. railway within the State of Louisiana q
elsewhere as may be convenient, necessar
, or incidental to any business or eEterpris
of the company, with all necessary sid,
+; tracks, locomotives, cars, depOts. roun
houses and other equipment necessary I
) the operation of salu piers. docks, wharve
h tramways, or railway, and the tran
thereon; provided, that this corporate
shall not, without an amendment of th
4 charter, have the right to exercise powt
$ of eminent domain
Section 3. To carry on any other bus
: ness which under the law il may be eI
Q uIled to carry on which may seem TO Il
Q corporation to be calculated directly or Al
0 directly TO eIiectuate the aforesaid object
or either of them, or to facliitat" 1t III IL
q transaction Of its aforesaid business
: businesses, or any part thereof, or i'll Il
= transaction of any other lawful bushes
that may be calculated directly or inuiI &c
| ly to enhance the value or to render prom
e able any of the company's properties al
d rights, and generally to hold and eNerci
L all such incidental powers anu privileg
e as relate to the objects and purposes her
inbefOre set forth, or as may ~. necessar
It useful or convenient for eflectfhg said u
d Jects and purposes.
n ARTICLE Iv-The total authorized ca
J. itaI stock of this corporation is herel
n declared to be the sum Of Two Million Iii
u hundred Thousand ($2,5OO,OOO.OO) Dollar
y and may be increased as provided by Ia
70 the sum of Three Million Five HUI
10 bred Thousand ($3,5O0,OOO.OO) Dollars.
D. the presently authorized capital of Il,
!; Million Five Hundred Thousand ($2,JO
10 UUV.UU) Dollars, eleven thousand fv. hu
9, dred Q1,5OO) shares shall be PREFER
). stock of the par value of one huhdr
10 ($1O0.00) Dollars per share, amounting
l. aggregate to one million one hundred ff
K, thousand Isl, 150,OO0OO) Dollars, and tn
.. teen thousand five hundred (13,JOO) shar
u shall be common stock OF the par val
t, of one hundred ($10O.0O) Dollars per sha
amounting in the aggregate to one mill
r. three hundred fifty thousand Isl, $50, "
Dollars. The said capital stock shall
r fully paid and non assessable when issue
-. ana snail be represented by certificates a
I. shall be personal property. No transi
>, of said capital stock or shares shall
a. binding upon this corporation unless ma
!, In accordance with its charter and b
~ laws and recorded on the books thereof.
ARTICLE V-The holders Of the pl
ferred stock of the company are entitled
receive, and the company is obligated
pay thereon out of its profits or earn
r. surplus, cumulative dividends at the rs
p of eight per cent $50 per annum from
Ne date of issue, and no more. payable a
ID nually on the fifteenth day of March, su
80 dividends to be payable before any di'
L dend is paid or set apart on the comm
stock. Should the net profits or earn
ct surplus accumulated at the time of payi
s. dividends on said preferred stock be
sufficient for such purpose, the unpa
part of such dividends shall be paid out
C. the future net profits or earned surplus
the company, and no dividend shall at a
- time be payable, paid or set apart on
$, common stock until all accrued and 4
cumulated dividends on the PREFER
stock shall have been declared ana paid,
set apart for such purpose. Whenever
accrued dividends for previous years
- said preferred stock shall have been pa
80 and the dividend payable thereon for
"a current dividend period declared and eitf
LII.