The herald., 1921-06-30
CHARTER.

mower and authority TO exist ana en?oSS
succession for the full term ana peLioGd
of ninety nine years, commencing on AM
to he computed from and after, the GATE
hereof.
ARTICLE 1.-THE domicile Of this cor
noration shall be in the City OF New Ut
leans State of Louisiana. Al Ci' au-,,n5
and other legal process snall oe et;on
upon the President of this corpoIa'ion'
or in case of his absence or tnaolllty' OF
absence of both the President and ,ne
Vice President, upon the Treasurer Oh 'nis
corporation.
ApTJCIE Iu.-The objects ana pur
noses for which this corporation
ranized. and the nature OF the
to be carried on by it, are IN neI state of
clare to be: To engage in the Sta.e %
Louisiana and within any other otate
Territory or possession OF the Shl.eu
States. or foreign country that WI" nPina
nit the same, the business Oh .s
packing and preserving shrimp, os ,;,h
fish and all other sea-foods, to9ethet WIN
vegetables and fruits Of all KINDS, anu anu
such other foods and ike artlcIe5
corporation may desire TO can, pacA VI
preserve; to engage in and carry on a,, inc
business of fishing for, buying, seinns
and dealing in shrimp, oysters anu iieu,
and such other sea-foods, either raw y.
canned or preserved; to plant anu eio"
oysters and to operate beds tnereIol s
buyIng. selling and dealing In vegetaoles;
frnits and other foods. either raw, cahheu
or preserved; to engage In anu saIts
all such business. whether related tnsres 49,
or not. which this corporation may Of
necessary and proper for the purposes VI
carving into effect the objects OF thls
CORPORATION; to own, hire, lease anu opel
ate such factory or factories, poats, uie
geS, railroads. plants cahdis, "a
telegraphs and transportation hnes anu
such other appurtenances and applances
and to own such other property, ana 40
such other acts as this corporation may
deem advisable to carry into erect inc
object for which this corporation is OF
Canined and this corporation shall nave
all other rights, privileges ana poMeths
necessary for the purposes herein SET Iorin,
and not repugnant to the Laws .. t
State OF Louisiana or such otner S..s
| Territories or possessions OF the Cniteu
| States or foreign countries in when thes
engage in business.
ARTICLE Iy.-It shall have all the
rights and privileges granted py Jaw ~
| such corporations; shall have the Dow
| TO contract, sue and be sued In It's coIpst
| ate name to make and use a corporate
| ssol and the same to break and after at
| Measure; to buy, own, hold. lease rtVehe'
| convey, mortgage hypothecate 0. Pieus'
property. both real personal ana miAeu'
| to issue bonds. notes ana other opiis ts;nors
! TO have. engage and employ such olIicers.
| managers and employees as the business
| interests and convenience OF the corpoT-
alton may require; TO make, ADOPT OF 70
tablish such bylaws, rules ana reguia
| lions in the corporate name, not repuS-
| nant TO the laws of the State OF Loulslaha
or other States, Territories or possessions
of the United States or foreign countI ~
in which they engage in business or the
charter of this corporation, or the manage-
men of this corporations affairs. as the
stockholders and Board of Directors ma!
deem necessary and expedient.
ARTICLE V-The capital stock OF this
company shall be Forty Thousand Dol
lars $40 OO0.0O). represented by -FOUR nun,
dred shares of stock of the par value OF
One Hundred Dollars ($1OO.OO) per share
The stock shall be paid for in cash when
subscribed for. or 1t may be issued at MOI
less than par in payment Tor property
actually received.
ARTICLE vI.-This corporation shall
| begin business and be a going concern a
soon as Twenty Thousand Dollars (S2O
/ 600 OO) of stock shall have been subscribed
for. Said capital stock may be increased
up to the sum of Forty Thousand Dollars
in any manner provided for by the laws o.
this State. and whenever an increase o.
said capital stock shall have been au
thorized, fifteen days written notice shal
be given to each stakeholder within whicf
time the present stockholders in the cor
pOratiOn shall have the right to subscribe
to said increase of stock in proportion u
the number of shares of stock held b!
! them and which shares shall be paid fol
at such time and in such manner as I'M
Board of Directors may direct. After tn
expiration of the said subscription anC
payment. the Board of Directors may dis
pose of the shares not taken, for the ben
eft Of the corporation, in such manner al
they think proper, at not less than par
ARTICLE vII.-All transfers of stool
/ shall be made on the books of the corpor
alton by surrendering the certificate there
i of to the presiding officer, who shall writ
the word cancelled" prominently acros
the face thereof. and erase the President
signature therefrom before issuing new
certificate.
ARTICLE vIII-At all elections by. o
meetings of. the stockholders, each shar
: shall be entitled to one vote. to be cas-
either by the person in whose name tn
stock appears on the books of this cor
an attorney holding said stakeholder
, written proxy.
ARTICLE IX.-The business and col
2 porate affairs of this corporation shaI
be transacted by a Board of Directors o
not less than three directors, nor NOR
than five Directors. to be composed G
= stockholders thereof. and they, and eac
of them. shall be elected at a meeting {
be held for that purpose. Any vacancie
. lin the Board of Directors so elected sha
be filled by the said Board of Directors
/ Messrs. f. Desporte, Jr.. T. J. Desport,
Edgar Beale, whose postoffice addres
! shall be sos Godchaux Building. New Or
/ leans. La. shall constitute the first Boar
Q of Directors. and shall hold office unit
first Monday in January. 1922, or unit
II their successors are elected and Qualifie
: and each subsequent board shall hay
a their seats Immediately following the
/. lection, or as soon thereafter as pract
cable, and shall hold their office unit
1 | their successors shall have been electe
;. and qualified. The Directors hereinaboy
[ named shall elect their own officers. TIL
stockholders may at any time appoir
- the two additional directors provided fC
in this charter to serve concurrently wit
: the other directors herein named o
!, January End, 1922, and annually Their,
- after. an election for directors by IL
{ stockholders shall be held at the Off,
: OF the corporation. after fifteen DAYS M
tice thereof shall have been given by n,
r tice mailed to each stakeholder at h
last known address. Every Board of d
= rectors shall, at its first meeting aft,
r its election or as soon thereafter as pra
e ticable, elect from their own number
O President. Vice-President. and a Trea
II urer. The Board of Directors shall ais
II eject Secretary who may, or NAV no
v be a member of the Board. The office ,
II the Secretary and Treasurer may be file
II Dy one and the same person, at the di
erection of the Board. A failure to eIe-
= directors on the date above specified sha
e not dissolve the corporation but the the
lie existing Board of Directors shall contint
IN office until their successors are electe
II tifteen days prior notice shall be give
n In the manner hereinabove provided, whiC
: notice shall be full and complete noti
n 10 all stockholders of such meeting. Ar
; director shall have the right to be repr
:. sented at any meeting of the BOARD
!. directors of this corporation, by an a
torney holding the Directors writ,