The herald., 1921-04-14
CHARTER.

The stock of this corporation can be
transferred only on the books OF the cor
pOration, and subject TO such resulatIoIlSS
and formaitieS as may be by the BOafu
of Directors from time to time prescribed;
No stakeholder shall be permitted to sell
or otherwise dispose of his stock without
first Offering the same, in writing. 10 the
other stockholders. through the Board OF
Directors. at price not exceeding the
book value thereof. and the stockh0lders
shall have an option and nrSt right 10
purchase all the shares of stock 10 De thus
disposed of by sale or by the death,
resignation or otherwise of any OF the
stockholders of the corporation, and shall
have a period of ten days in whlch TO
accept or decline such offer of stock.
should the Board of Directors or the
stockholders decline to purchase said stock,
then the stakeholder or stockholders VINO
made the offer TO sell or otherwise dispose
of the stock may sell or otherwise dispose
of il, in any manner and at any price that
he or they may see ft. But each share OF
stock is issued under the condition and I'M
Outstanding that no stakeholder shall make
a sale or transfer of his stock in violation
of this provision; and such sale or transfer
| if made. shall be void. and this company
shall be under no obligation to list said
stock on its books or TO regard the holder
of the certificate thereof.
ARTICLE VII.-The corporate powers of
| this corporation shall be vested in and
| exercised by a Board of Direcorts COM
posed of five directors, majority OF whom
/ sndli CONSTITUTE quOAuAh AOA
The directors of this corporation may
vote in person or by written proxy, at any
| of the meetings of the Board of Directors,
and the Board of Directors may delegate
any of its powers to any officer or Officers,
! or any other representatives of the com
pGny, by appropriate resolution TO that
! effect.
The first Board of Directors of this cor
poratiOu shall be composed of o. ID. Cleve-
/ land. Neville Levy. Lester Sel0enDacn,
Edward Marx, Adolph Diefenthal, with o.
ID. Cleveland, as President; Neville Levy,
Seidenbach, Treasurer: and they shall
serve until the second Wednesday in Feb
ruary. 1922, until their successors are
elected and qualified.
The directors of this corporation shall
be elected annually by the stockholders,
at a meeting held on the second Wednes-
day in February of each year thereafter.
Notice of such meetings shall be given
fifteen days prior to the date of the meet
ing. in writing, and sent to each stock
holder at his last known address.
Each stakeholder, shall, at such annual
meeting or other meeting, general OF
special, be entitled, in person or proxy
to one vote for each share of stock owned
by him. Elections shall be held under
such rules and regulations as may from
time to time be determined by the Board
of Directors.
The directors, when elected, shall hold
office for one year, or until their sue
! cessOrs shall have been elected and quail
fed and failure to hold the annual meeting
of stockholders, or to elect annually tn,
directors, shall not operate the forfeitur,
of this charter or any rights Hereunder.
Any vacancy occurring in the Board OF
, Directors may be filled by the Directors
for the uneXpired term. Any director may
give his proxy to vote at directors meet
, ings, to any stakeholder.
ARTICLE yIII.-This Charter or Act o
/ Incorporation max be changed, modified
altered or amended by and with tn
: consent of two-thirds of all the stool
I present at any meeting, general or special
. held for that purpose; and such amend
p ment may be material or immaterial, sub
t Ject only to limitations as may be by Law
: provided; and this corporation shall hav
the power to increase or decrease its capita
stock, as hereinbefOre set out and any in
5 crease in the capital stock, in excess o
/ the amount named herein as the amour
. to which it may be increased may be mad
= by three-fOurths vote of all outstanding
, stock.
ARTICLE IX.-Notice of any and a.
q meetings referred to in this Charter o
y required by law shall be given in tn
r manner provided in giving notices in cas-
n of elections, unless the same shall hav
n been waived.
!. In case of the dissolution. liquidation o
| termination of this Charter by limitatio
or otherwise. the affairs of this corporatio
, shall be lquidated by one or more liquidat
u ors elected by the stockholders, who ma
. provide the number of said liquidasor
e and vest them with such power and author
= lily as may by law be permitted. and fl
Z the terms and conditions upon which the
Il shall serve, and their COMPENSATION. an
II provide that in case of disability of an
Q one of said liquidators, the remainin
> hquidators may fill the vacancy or continu
;, to act on behalf of the corporation.
p ARTICLE X.-No stockholder of TIL
u corporation shall be held liable or r.
y sponsible for any costs. contracts. debt
or faults of this company, or any of II
ofhcers, nor shall any mere informality /
!, organization have the effect of renderin
Il this charter null and void. or of exposin
q a stakeholder to any liability beyond II
= unpaid balance due on the stock held b
him.
y ARTICLE xI-The subscribers heret
d have written opposite their names IL
al NUMBER OF shares subscribed to by each
20 them, and their pOstoffice addresses,
l. that this charter may serve as the sui
Of scrlptfon list of the corporation: all .
l. which subscriptions are payable in Il
lie manner and form set out herein.
l. inns cone and passed. at my office,
n the City OF New Orleans. Louisiana, on Il
IS day, month and year herein first abo,
IT written In the presence of Paul +. Chas,
ID ana A. Holland competent witnesses, wi
lie nave hereunto signed these presents wit
he dne sald appearers and me, Notary, aft
que reading of the whole.
js witnesses. Paul +. Chasez. A. HolIan
Of HERMAN l.. BARNET L,
l. A.. Notary Publ
cages In and for the Parish of Orlean
,r state Of Louisiana, do hereby certify thu
in tne above aud foregoing Charter Of Il
IN Equitable Equipment Company, Inc, W.
" tnls DAY duly recorded in my office,
y Book 1858, folio 2S9.
% In faith whereof. have signed the
: presents, at New Orleans, Louisiana, {
this 18th day of March 1921
II ROBT. SCOTT, by. Recorde
- A true copy.
d HERMAN L. BARNETT,
III March "a to April %. ''''
N AT OF INCORPORATION OF TIL
l. bhOwN SUGAR MOLAssES COM