The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-31
CHARTER.

M I'M UnTT NJ I
~ ir 49, nv the payment TO the holders
thereof of one hundred and hye SLVo'Vo'
dollars per share, together Win an a"
rrued and unpaid dividends; sucn reuenIP
ton to be in such manner ana III aCtoIu-
nee yyith such rules and regulations as
may be provided by the Board Oh bleC
tors of said company from tlHls " I'm
but the company shall give thlrt! HU'
days notice to the holders OF the sto.h N
tended TO be redeemed of its intention 10
redeem such preferred stock. anu uPo"
giving such notice, dlNIdenus on ~ ,iryea |
ferred stock shall cease at tLt H"te 49,
Cor sucg redemption, unless the company
shall fail to redeem said stock IN a'Co.u
ouca with the notice: PROVIDED that NO. ~
ing in this paragraph cohtdihcu e t,I.ttar.s
vent or prohibit the BOaru Vi 80 IN, Co.
from purchasing upon the open IlaLh t ~
The purposrS of redemption such prtlg,IIiieu
sI.rk as the holders thereof ma! De Mi''!n.
10 sell at less than one huhirtu anu nj
tSllOUOD dollars per snare anu "'Oi
unpaid dividends. n.
Ion any voluntary or involuntary DIS
.,Irtion or winding up of the corppFalOh
ar UduidatiOn of its AFFAIRS or upon ~ JmS
merger of the corporation WIN aug ,Crr.,d
corporation, the holders oil salG ,nd ha
shock shall be entitled to receive anu ~
ia tho full par value of their shares, anu
any and all dividends accrued EIn' iuutm7
nr1uortiouate fractional DIVIDEND LOT an!
expired portion Of any DIVIDEND p radD nUt
wholly eNpircdD and unpaid thereon, guy
of tbr assets of tbs corporation anu upohh
IN. payment of the full par NaIGe 81 s sG.
nr.f,rr4d stock. and OF any ana All NV NV
bends accrued as atoresaid' "n" MI
unou such preferred stock, any anu ~
.t.at. of the corporation then TtHtdihiHT
and available for distribution OF ntenu'I t
10 b,. distributed. or the pfoteeuS -
shall be distributed pro rata I. o'',,pdin,, TO
holders OF such common stock aSToIuln- ~
rha number OF such shares held .! cav"
of them respectively.
shares of the preferred stock anu Oh IN
common stock shall have equal Young P'"
crS.
! ARTICLE VI.-The business anu 3lla ,,,S
of this corporation shall be lhall'SSu' III
| all of the corporate powers thereof shait
! Lt ,.,srad in and exercised by Board OF
| NOT less than five To-. HOr more tLnm
! seven "a directors, to De cl''Itu OF Of
among its stockholders ana Il Li"J'lNs "
| ~. directors at any time i'll once tlIitI
| present in person or represented ny pIVNH >
| inrludinp the President and other oIlveIS'
! shall constitute quorum
The said Board of Directors Shaii elSo nee,
! from among their number a ire>lutnI' On
! nv more Vice Presidents, = Stcretar! anu anu
| . Treasurer The office of Vice freslueht
! and Treasurer may be combined u! Inv
| Board and filled Ey one ana tne S'li; -
| son. Neither the Secretary nor the Iie a.
urer need necessarily De HicihD'i' "
| Board Of Directors.
| The Board of Directors shall nave tne
| full and complete control OF lhS Propytt!
of this company ana the! sHah - ii -
manage and use the same as III tn'iL W
rrrt;on they may deem best II not lhSoh-
| siStrnt with the objects OF the tVlAPanS
ana the welfare OF the same. ne saIu
Board of Directors shall nave Ihe lIi ~ NJ
| power to make, alter ana ahnul sun ~
laws rules and regulations for the GOV,
eminent of this corporation, as lheE may
think proper.
The BOARD of Directors shall have tht
further power TO appoint all agents tlerhs
or employees and nix their saiarles ~ ~
! condensation. with term OF ONCE, WIN ~
! right to dismiss them at pleasure anu tI'
lid BOARD Shall have the further rlSht u
fix and determine the salaries OF the sen'
rral officers herein provided lot rIo
yided. however that the Board Oh iII't
: tors may delegate such powers 10 the fre>i
dent or General Manager OF the corpora
| tion, or to an Executive COmhittee az
pointed by said Board ana consisting .
not less than two directors. =
Anv vacancy occurring on the Board o
Directors shall be filled by the remalnlh1
members of said Bpard for the uneNplre'
form. at any meeting of said Board
Directors.
ARTICLE VT.-The first board of direc
, tors of this corporation Is hereby hAe'
, at seven "a in num6er ana shali oe an az.
. posed of: X. +. Milling, whose nostoHlc
address is New Orleans, La; D. W; flPes
Jr.. whose pOstOtfice address Is no houi ~
La: A. LaSseigne, whose pOstoulCe su
La
whose postofice address is RaCeiand, La;
T, Emile Kahn, whose pOstOfiice address
Raceland. La; Emile GodcheauA, "IoS
r nostoffice address is New Orleans, La
i Jules GodchauX, whose pOstothce adures
g is Now Orleans. La. with the following o1
I fcers who shall serve until the nrst ahhu'
= meeting of this corporation on the seCon
!, Monday in February. 1872 or uhtll thtl
u successors shall have been elected iuai
d fed and installed II. +. Milling, president
/ JuIes GodchauX president; Eml
Kahn, President Treasurer; Eml
; GOdchauX, Secretary
, Said Board of Directors shall serve VI
iii the first meeting of the stockholders II
tho election of Directors. or until their su
{, cessors are elected, qualified and lnstaile
. ARTICLE Wilton the second Mondf
D in February 1922, and annually ther
r after on the second Monday of Februal
Te in each year, meeting OF the SUI Nn M.
Of ers of this corporation shail pe helu az
n domicile for the purpose of electlng are
A. TORS for the ensuing year. ana at SUI
g. meetings sthe stockholders shall nave Z
r right of cumulative voting in the electl'
in of directors and shall have the rlght
to electing the number of directors then
or office and if there be not as many
ht seven directors then in office, snail ma
the right of electing additional dlrecto
o. so long as the full number OF alreGt '.
% elected does not exceed seven. 1allu
as from any cause whatsoever TO hold |
A annual meeting OF the stockholders,
al | the failure to elect directors thereat, sb
" not dissolve this corporation put
- | directors and officers then in Once sh
no remain in office until their success
" shall have been respectively duly chos'
elected, qualified and installed.
in ARTICLE IX-In payment OF the 81
Is, | ScriDtion to fifteen hundred ana tWeI
IS, 152OD shares of its common stock, OF.
or aggregate par value of One hundred a
or Fifty-twO Thousand (S152,OOU.OO) Dolla
~ the corporation may purchase, receive Il
Use take title to the equity OF the pres,
le- vendors in and to the sugar plantatl
ID and properties, the improvements ihet ,,
10 and appurtenances thereof, and all OF
es property and assets acquired by IN
Tic from The l.. A. BlOuin Company, Limit
on by act before Raymond II. Saal, NOtt
his Public of the City of New Orleans, on
Ter 10Th day of June. 1920, as well as IN 0
to the going business now conducted
10; them in connection with said propert1
~ and In and TO all assets of every charac
+bo connected with or employed IN
"a. business, there being annexed hereto
or accurate detailed and itemized descrlpt
the of the properties, rights ana equltles
n be acquired by this corporation in
~ | change for said stock. as to amount, 10
oss ton, extent. character and state or
al provement, the parties herein named
a. the Board of Directors of this corporal
- stating that its value as appraised
~, them is not less than One hundred
~ Fiftv-two Thousand ($152,OOO.O0) DOLL
W. ARTICLE X.-This charter may
g amended, and the capital stock of
oid corporation may be increased or decreai
or this corporation may be dissolved
the method and manner provided by
lpl ARTICLE ZI.-No stakeholder of