The herald., 1921-04-07
CHARTER.

CHARTER.
law, for the objects and purposes, and N.
der the agreements and stipulations n.
lowing. tO-wit:
ARTICLE 1.-THE name, style aud IN.
of this corporation shall be The Brew
Sugar & MOlasSeS Company, Inc. and m \
der that corporate name it shall have an (
enjoy all the rights and privileges grsrd
by law TO corporations; it shall exist ~ {
a period of ninety-nine years from an :
after the date hereof.
ARTICLE 1.-THE dOmicile Of said co.
poration shall he in the City Of New o. 2
leans, Parish of Orleans, State Of LOds .
lana, and all citations and other bU
process shall be served upon the Presidr /
of said corporation, and, In case Of Ii {
absence. upon the Nice-President, and b
the case of the absence of both Of tss
officers, upon tha Secretary thereof.
ARTICLE III.-The objects and pR +
poses for which this corporation Is y \
tablished. and the nature Of the bushes .
to be carried on by il, are hereby deSH
to be, TO carry on a general eOmnisia
business, and to buy, sell, and deal h
molasseS. sugars, syrups, merchantS
goods. wares, food commodities and prod.
ucts of every sort, kind or description d
commission merchandise brokers and epn.
mission merchants and brokers, and q
buyers, sellers and dealers; TO buy, 81
and lease plants, tank cars, tank bargz
tank vessels; to erect storage and canail;
plants, and any and all appurtenances aHi
purposes of the company; to have brancls
at any points necessary, either IN De
United States or elsewhere, for the soc
cessful operation of said business.
ARTICLE IV.-The capital stock Of tbs
corporation is hereby fixed at the sun u
twenty thousand ($20,000.O0) dollars, d.
yided into two hundred shares OF the pa
value of one hundred dollars $4,000 ead-
each share to be paid for in such name
as the Board of Directors may determine
The amount of the capital stock may =
increased to one hundred thousand dF
lars $500. 10000, AID the said eorpoff
| ton shall be authorized to begin business
and shall be a going concern when my
| per cent of its capital stock all have bel
subscribed, and fifty per cent OF al sea
subscribed for shall have been paid II
All sales and other transfers Of any 2
the stock of this corporation shall be Vs
unless said stock shall have been pie,f
ouSly offered to he then existing $50
| holders. through the Board OF Director
at a stipulated price. and IL the Board, ~
| the said stockholders, does not Sc II '
purchase said stock, then IL SHAH mol Z
sold at a less price, or upon more ia'Oass
terms, without likewise offering II 70 "
Board at such price. and upon said terms
In case Of sale or transfer Of stock, eiE
issue of increased capital STOCK ths u-
holders of stock of the company shal ~
the right to purchase said stock N
ratio of their holdings OF stock Oh tIs ~
pany. No sale or transfer OF stock sEan
binding upon the corporation unless l.
upon its books, and said transfer sal !
made only upon surrender or PROOF
or destruction of the OUTSTANDING 'a-
cate.
ARTICLE v.-All the corporate posIn
and authority of this cerporatioh va n n
vested in and exercised by a Board W.
rectors, composed of not less tnah II
stockholders. I be elected annually 20
lot at a general meeting OF the stvss'rJ
ers on the second Monday in NanIs
zach year No failure to elect DIT, a.
shall be regarded as a FORFEITURE ~ al
charter. Any v%ancancy occurring ~ !
on said Board shall be filled py -
naming Directors for the unehplf.S !. ss
Said Board of Directors shall az y 80,
meeting after its election elect lrvm .sSsr
its number a President, a Vice-Presns-
a Secretary and n Treasurer. ana ,ns q ~
beers of said Board Of Directors slsn 8
the power and authority to comvns =.
or more of the above ofnces' IN
son. -
ARTICLE Vino s~tockholder sna "a, Z
be held liable for the contracts, srrths
debts of said corporation In any ~ N
sum than the unpaid balance uus marrS
corporation on the shares OF stoca .,,, j
by him, nor shall any mere na.Ssrhi
organization nave the effect o. stet
this charter null. or OF exposisss ~ AMOS
holder to any liability beyend INC
90 hfG CfnnE -naf
ARTICLE VII.-The following " n
are hereby nominated and conse rsdl 81
first Board of Directors to serse !, md
second Monday in March: w, c ~ al
their successors shall have been e"~
qualified, to-wit: o., strsi
Charles e.. Brown, oZ5o Sa%r sfr;
Charles H. Russell. Jr., 20 le,S sired
William Il. Russell, Jr., 1Il9 seeon ns vkks
all of New Orleans, Louisiana, naesr 4
time the following shall be the om's''
this corporation. to-wit: -, md ser
Charles C. Brown, President naanhsf 4
tary; Charles II. Russell, u; presiatsi
Board; William T. Russell VIZ hersaD'
The persons whose names a1e N b,
subscribed are hereby declared "sas hp'
incorporators of this corporatioI, .sr nspe
respectfully written opposipe stoek 80
and addresses the amount VI q fiat y
scribed for by each OF them, 80 A ~
| dtI OI lnCoT pOIdAiVh "H the CtfN-
original subscription list 10 W.
stock of this corporation No no1rt
Thus done and passed, IN asr
Office, in the City of New o,'eT9' Echen'
said. in the presence of franh netept "
bal and Theodore A. Beck, comf IA ts
nesses of lawful age and resia ,hslr nsrs
city, who hereuntO subscribe nd me. y
together with said appearers Sorth IN .
tary, on the day and date sc. iine d y
caption hereof after the reaui'e
whole.
ORIGINAL SIGNED):
Subscribers names omitted. e EtheS
Witnesses: T. \. Beck. Franz
bal. usMLIN.
W. Notary Pa, W.
I. the undersigned. Recorder orIss
cages in and for the Parish c"er,ify D.
!, State Of Louisiana, do HEREBY ~Jueorpsr
the above and foregoing ACT a,ssses o.
ton of The Brown Sugar 4 rseordH ,
pany, Inc, was this day Gun 81. "
my office. in Book 12sS, iohO
. Orleans. March 10th, 192l; SCOTT,
(sTGNEDJ RoBf. py. re-
4 true copy.
SEAL N UANLEss.
j W. Notary PuSS
Mch. 24-Apr. rs.