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

The stock of this corporation can be
transferred only on the books OF the cor
pOration. and subject to such reSulauohS
and formalities as may be by the boaIu
of Directors from time TO time prescrlDeu;
No stock holder shall be permitted 10 sell
or otherwise dispose of his stock without
first Offering the same, in writing, 10 the
other stockholders, through the BOARD OF
Directors, at a price not exceeding the
hook value thereof. and the stockholders
shall have an option and FIRST right TO
purchase all the shares OF stock 10 De mus
disposed of by sale or by the ueaih,
resignation or otherwise of any OF the
stockholders of the corporation, and shall
have a period of ten days in which to
accept or decline such offer of stock.
Should the Board of Directors or the
stockholders decline to purchase sald stOck'
then the stakeholder or stockholders VINO
made the offer to sell or otherwise dispose
of the stock may sell or otherwise dispose
of it, in any manner and at any price that
he or they may see fit. But each share OF
stock is issued under the condition ana I'M
derstanding 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
of the certificate thereof.
ARTICLE VII.-The corporate powers OF
this corporation shall be vested IN ana
exercised by Board of Direcorts COM
posed of five directors, majority of whom
shall constitute a quorum for transaction
of business.
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
pany, by appropriate resolution to that
effect.
The first Board of Directors of this cor
land. Neville Levy. Lester Seidenbach
Edward Marx, Adolph -Diefenthal, with o.
ID. Cleveland, as President; Neville Levy,
Vice-president and Secretary; Lester
Seidenbach. Treasurer; and they shall
ruary. 1922, or 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 annua
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 unde
such rules and regulations as may from
! time to time be determined by the BoarC
i of Directors.
The directors, When elected, shall hol,
| office for one year, or until their sue
| ceSSOrS shall have been elected and quail
fed and failure to hold the annual meetin,
| 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 o
| Directors may be filed by the Director
for the unexpired term. Any director ma,
give his proxy to vote at directors meet
ings, to any stakeholder.
ARTICLE VIII.-This Charter or Act @
. Incorporation max be changed, modified
altered or amended by and with tn
consent of two-thirds of all the stoc
present at any meeting, general or specia
held for that purpose; and such amend
ment may be material or immaterial, sui
Ject only to limitations as may be by la'
provided; and this corporation shall hay
the power to increase or decrease its capt.;
stock, as hereinbefOre set out, and any il
crease in the capital stock, in excess {
the amount named herein as the amour
to which it may be increased may be mad
by three-fOurths vote of all outstandin
stock.
ARTICLE IX.-Notice Of any and a
, meetings referred to in this Charter
required by law shall be given in Il
manner provided in giving notices in ca
, of elections, unless the same shall ha,
, been waived.
In case Of the dissolution. liquidation
termination of this Charter by limitatio
; shall be liquidated by one or more liquida
l Ors elected by the stockholders, who ms
5 provide the number of said liquidato
E and vest them with such power and autho
, ity as may by law be permitted, and 4
:, the terms and conditions upon which tn,
!: shall serve, and their compensation, al
u provide that in case Of disability of al
Q one of said liquidators, the remainir
J, liquidators may fill the vacancy or contin
!, to act on behalf Of the corporation.
ARTICLE etoclbaJdar af fh
y corporation shall be held liable or
!, i sponsfble for any costs, contracts, deb
!, or faults OF this company, or any of
: officers, nor shall any mere informality
y organization have the effect of renderil
a this charter null and void, or of exposil
y a stakeholder to any liability beyond I
unpaid balance due on the stock held
him. .
y ARTICLE xI.-The subscribers here
d have written opposite their names
Al number of shares subscribed to by each
% them, and their postoffice addresses,
!. that this charter may serve as the su
l. which subscriptions are payable in I
ie manner and form set out herein.
l. Tins oone and passed, at my Office
n the City of New Orleans. Louisiana, on I
1T written, in the presence Of Paul Il. Cha.
ID and A. Holland competent witnesses, W
he nave hereunto signed these presents W
he the said appearers and me, Notary, af
due reading of the whole.
is witnesses. Paul f. Chasez, A. Hollal
Of HERMAN L. BARNET I
l. Notary Pub
on 1, the undersigned, Recorder Of Me
cages In and for the Parish of Orlea
or state of Louisiana, do hereby certify Il
in the above and foregoing Charter of
i'm Equitable Equipment Company, Inc, v
Nv this day duly recorded in my office,
Book 1858, folio 2S9
lg In faith whereof. I have signed tn
10 presents, at New Orleans Iouisiana
D. this 18th day of March, 1921.
all ROBT. SCOTT, by. Record
nv A true copy.
nd HERMAN l.. BARNET
March "a to April %.
m ACT OF INCORPORATION OF II
H. BROWN SUGAR MOLASSES COM.