The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-28
CHARTER.

T-ritad States or elsewhere, for the SUI
cessfuI operation of said business
ARTICLE IV.-rhe capital st3ch Vi 'n of
corporation is hereby hXed at .nv sum al;
twenty thousand (S2O,OOOOO) uoIiS > -
yided into two hundred shares Oh oo 1he III pI'
vaIne of one hundred dollars (SloOOO) each,
eoch share to be paid for In sucn l hahiiei
as the Board of Directors ma! ue 80 ba
The amount of the capital stoch ma! -
Increased to one hundred thOusahH WI
Lars Is1OO 600 OO) AID the said corpora
ton shall be authorized to begin pusln nf,
and shall be a going concern when H. NJ.
per cent of its capital STOCK All nav .ooi,
subscribed, and fifty per cent Oh al, e'oeA
subScribed for shall have been paid IN
An saIes and other transfers of any OF
tho stock of this corporation shall De Nolu
unless said stock shall have Deeh PIe'i
ously offered to the then existing s.oc nN
holders, through the Board Oh p.S FOR
nj a stipulated price and If the Board ioI
the said stockholders, does not see NJ ~
purchase said stock then 1t snail not , Ie
sold at a less price, or upon more ia vi ~
terms, without likewise onerlhB II " ae
Hoard Mt such price, and upon saiu terms
In case of sale or transfer of stock, or the
issue of increased capital STOCK the men
holders of stock of the company shaii nj az y
the right to purchase salu stoch III ~
ratio of their holdings of stock or the COM
many No sale or transfer of stock snail De
binding upon the corporation uhIesS nia t
upon it's books, and sald TRANSFER sns s -
made only upon surrender OF PIooI Va
or destruction of the outstanding ceruh
cate.
ARTICLE V.-AH the corporate powers
and authority of this corporation shall De
vested in and exercised by a boaru oi III
rectorS composed of not less IMAM thISe
stockholders to be elected ahhualf " ia
lot at a general meeting of the stockhoius
erS on the second Monday III March, VI
each year No failure to elect directors
shall be regarded as a forfeiture Oh .ni S
charter. Any vancnnGy occurring ny t im an" ra-
naming Directors for the uneXplred term
Said Board of Direct0rs shall at the hrst
meeting after its election elect from among
its number President, vice ~
Secretary and Treasurer. and the mem
beers of said Board of Directors shall nave
the power and authority to combine one
or more of the above offices, in one per-
son.
ARTICLE Vino stakeholder shall ever
be held liable for the contracts, faults or
debts of said corporation in any further
sum than the unpaid balance due TO the
corporation on the shares of stock owned
by him, nor shall any mere intormality IN
organization have the effect OF rendering
this charter null. or of exposing a STOCK.
| holder TO any liability beyond the amount
of his stock.
ARTICLE yU-The following persons
are hereby nominated and constituted me
| first Board of Directors to serve until the
second Monday in March. 1922 or untli
| their successors shall have been elected and
| qualified, to-wit:
Charles c. Brown, 523s Camp Street ;
| Charles II. Russell, Jr., 625 Fern street
William Il. Russell, Jr., 1119 Second Street
all of New Orleans, Louisiana, until when
| time the following shall be the officers or
this corporation, to-wit:
Charles c. Brown, President and Secre-
| tary Charles III. Russell, Jr., Member OF
Board: William Il. Russell, Vice President.
| no hpreuntO
| subscribed are hereby declared to be the
| incorporators of this corporation, and nave
| respectfully written opposite their names
and addresses the amount of stock sub
| scribed for by each of them, SO that the
| act of incorporation may also serve as the
! original subscription list to the capital
| stock of this corporation.
Thus done and passed. in my notarial
/ Office. in the City of New Orleans, afore-
| said in the presence of Frank Il. Echeza-
bal and Theodore A. Beck, competent Wit
nesses of lawful age and residing in this
| city, who hereunto subscribe their names
together with said appearers and me, NO
| tary, on the day aud date set forth in the
| caption hereof after the reading or the
whole
ORIGINAL sIGNED):
| Subscribers names omitted.
Witnesses: I. a. Beck, Frank I. Echeza-
| bal.
W. b. HAMLIN.
Notary Public.
I. the undersigned. Recorder of Mort
cages in and for the Parish of Orleans,
| State of Louisiana. do hereby certify that
| the above and foregoing Act of lncOrpora-
| ton Of The BrownASugar & MOlasses Com
pany, Inc, was THIS day duly recorded in
my office. in Book 1853 folio 267. New
| Orleans. March 10th, 1921.
(STGNED) = ROBT. SCOTT.
by. Rec.
| A true copy.
| SEAL
| W. B. HAMLIN.
Notary Public.