The herald., 1921-04-14
CHARTER.

Orleans, State of Louisiana, Only eo,,---
stoned and qualified, and in the me-.
OF the witnesses hereinafter named ana :.
dersigned. personally came and anns,. &
the persons whose names are hereunto M 6
scribed. who seyerally declared. that w.
ing themselves of the provisions N n.
laws of the State of Louisiana. reat;r, !.
the organization of corporations thev H.. 6
cOvenanted and agreed. and bind hsr
selves, as well as such other persons Nj,
may hereinafter become Associated Vis 4
them, or their successors TO form ana -.
stitute a corporation and body poitis h
law, for the objects and purposes and n.
der the agreements and stipulatiOps IA b
lowing, tO-wit:
ARTICLE 1.-The name, style and MI.
of this corporation shall be The B,or B
Sugar X MOlaSSes Company, Inc, and m
der that corporate name it shall have ,ri L
enjoy all the rights and privileges grams
by law TO corporations; it shall exist n
period of ninety-nine years from ui (
after the date hereof.
ARTICLE 1.-THE domiciIe Of said IA,
poration shall be in the City of New o.
leans, Parish of Orleans, State Of Lou.
lana, and all citations and other Iegi E
process shall be served upon the PresIdsT
of said corporation, and. in case Of n
absence, upon the Vice-Presdent, and
the case of the absence of both Of tbs F
officers, upon the Secretary thereof
ARTICLE III-The objects and Dr.
! poses for which this corporation Il q
tabllshed, and the nature of the bushes
to be carried on by it, are hereby declad
to be, to carry on a general eommissa
business, and to buy. sell, and deal i
mOlasses, sugars, syrups, merchants /
goods, wares, food commodities and put
| ucts of every sort, Kind or description
| commission merchandise brokers and con
mission merchants and brokers, and n
| buyers, sellers and dealers; 10 buy, vi
and lease plants, tank cars, tank bargA
| tank vessels; to erect storage and canng
| plants, and any and all appurtenances in
purposes of the company; to have braneha
| at any points necessary, either In N
| United States or elsewhere, for the sc
cessful operation of said business.
| ARTICLE Iy.-The capital stock Of tbs
corporation is hereby fixed at the sun 4
twenty thousand (S20,00O00) dollars, d.
vided into two hundred shares Of the IH
| value of one hundred dollars $4,000 each
| each share to be paid for In such mahnd
as the Board of Directors may determine
| rhe amount of the capital stock NAY
| increased to one hundred thousand der
lars $500, 100000, and the said eorpo'i
ton shall be authorized to begin bushes
and shall be a going concern when hW
per cent of its capital stock all have bsl
subscribed, and fifty per cent Of al sod
subscribed for shall have been paid IN
All sales and other transfers Of any Z
the stock of this corporation shall be vaa
unless said stock shall have been pre-
ously offered to the then existing 500
holders. through the Board OF pifeean
at a stipulated price, and II the Bosfe
the said stockholders, does not see " y
purchase said stock, then 1t shall Dol 4
sold at less price. or upon more iasel' \.
terms, without likewise offering u
Board at such price, and upon SAD Isi.'
} In case of sale or transfer OF stock, o. y
issue of increased capital stock, the ~
holders of stock of the company snal !. nv
the right to purchase said STOCK u -
ratio of their holdings Of stock OIL ils ~. ~
, pany. No sale or transfer OF stock snaA
binding upon the corporation uniess ~ =
, upon its books, and said transfer snsI =
, made only upon surrender or PROOF "a
or destruction of the outstanding v~
cate.
ARTICLE v.-An the corporate ~.
: and authority of this corporation "a y n
, vested in and exercised by boaru !. -,
rectors, composed of not less hah N
: stockholders, to be elected annuaiiy yg,l
d
ers on the second Monday In n na'.,us
, each year. No failure to elect pi y ~
: shall be regarded as a FORFEITURE - ~
charter. ANY vancancy occurfihs y. |.
on said Board shall be filled ~ r.
! naming Directors for the unexpusss. Al
: Said Board of Directors shall 81 .h 80 M
meeting after its election eiect Iry p..sii,5.
: its number President, VICE ~ NJ
a Secretary and Treasurer. anu shsI In
| ID af DirpffOrS
the power and authority to comblM u
or more of the above offiees, In WV
son. -
= ARTICLE Vino stockholder sh I.l,s
: be held liable for the contracts, ss,,bs
). debts of said corporation In any IA b
< sum than the unpaid balance uns 49,
y corporation on the shares OF 49, ssa,.s.sfr b
I by him. nor shall any mere iniof n..ssdr,
: organization have the effect Of Sc saS
? this charter null, or Of exposing smosf
. holder to any liability beyond 'A'
of his stock. -,
S ARTICLE yII-The foliowinY. - b
: are hereby nominated ana eoss srtI D
S first Board of Directors TO s sase ~ I'd
5 second Monday in March, 19Zz o. 81 n
n their successors shall have been ei''"'
g qualified, tO-wit: s,,st
g Charles c. Brown, 523s Camp s ss
e Charles II. Russell. Jr.. SO Fern sra
William T. Russell. Jr., lib oecvn nsil viti
all of New Orleans, Louisiana; asscers
D time the following shall DC 'H'
e this corporation, to-wt; ssrs
y Charles c. Brown, President Mv ss
= tary; Charles III. Russell, J IT, prssidsII
y Board; William T. Russeli, ~ hsrssl'
- The persons whose names az "a be D
&c subscribed are hereby deeiaIsu md bf
n incorporators of this corporalvshe r psBs
% respectfully written opposne stoek %
re scribed for by each of them, g Us Is D
y act OF inrorporation may also - st. espsl
h original subscription iist :"
- stock of this cOrporatioh' ro,sfi
Thus done and passed, n a., % stsr
4. office. in the City OF New UT Egbss
said, in the presence OF r .au,, netsnt y
@. bal and Theodore A. Beck eyaSinr % D
/ nesses of lawful age ana res tbeir psss'
;. city, who hereunto subscrlve and ne J.
II together with said appearei, forth d
Ie tary. on the day and date so.iing o.
is caption hereof after the
n whole
(ORIGINAL sIGNED): .
,e Subscribers names oml,.eu T. Btbc
n Witnesses: 7. A. Beck
bal. ulNLE
r. '" Notary Ps,Sg.,s
tho undersigned, Recorder orIss
. Cages ~" IN and for the Parish odl.,,fy y
:" State of Louisiana. do hereby IacofyS
the above and foregoing Aet ,soa ~ Cy
tion of Tife Brown Sugar q ~ ,eeordt
pany, Inc. was this day QUIZ ,,. 81.
NV office in Book 1888. ioh'
n.Ioong Mech 10Th 1921. ecoTf,