The herald., 1922-10-12
CHARTER
determine in accordance with law.

determine in accordance with law.
No transfer of stock shall be binding
upon the corporation unless made upon
its books by the surrender of the out
standing certificates properly endorsed by
| the registered owner or by his duly con-
stituted agent or legal representative. In
accordance with such rules and regula-
lions as the board of directors may deter
mine.
No sale or other disposition of stock in
| this corporation shall be made without
its first being offered i'll writing for thirty
days TO the other stockholders through tno
board of directors at Il price not to exceed
the book value of said stock as OF the
date OF said Offer and all sales, pledges or
other disposition or encumbrance OF said
stock shall be made subject to this pro-
| vision of the charter and the corporation
shall not be required TO recognize any
| transfer or right acquired in violation OF
1 this provision of the charter. Should the
| stockholders fail to exercise said option
| to purchase said stock within said period,
/ the owner thereof may make such other
disposition thereof as he may desire.
This corporation may increase or de-
crease its capital stock in the manner pre-
scribed by law. The amount to which the
| capital stock may be increased is Two
Hundred and Fifty Thousand Dollars,
/ (S2JO, 10000.
/ ARTICLE VII.-Au the powers of this
corporation shall be vested in and eXer-
cised by board of four (i) directors who
! shall be elected by the stockholders at the
annual meeting which shall be held on the
| first Tuesday of September OF each year.
The first annual meeting shall be held on
the first Tuesday of September 1923, until
| which time the ofhdrs and dlrotors
named in this charter shall continue to
| act and until their successors are elected
J and qualified. All vacancies in the board
/ Of directors from whatever cause arising
shall be filled by the remainder OF the
directors. Each of the directors shall own
in his own name at least one share of the
capital stock and may be represented at
any meeting of the board by any other
director by written proxy. Immediately
| or as soon as practicable after their own
election, the directors shall elect from
among their own number, president,
vice president, secretary, and treas.
urer. The first board of directors and
Offices of this corporation and the post
Office addresses, who shall hold office until
the first annual melting or until their sue
CeSSOrs are elected and qualified, are as
follows: Bishop G. Perkins. 2O3 n. Peters
St. New Orleans, La, president; Emile A.
Rainold, Sugar Exchange Building, New
Orleans, La, vice-president; Joseph L.
LeBourgeois, CarOndelet Building, New
Orleans, La, secretary; Philip +. Na'lee'
2O4 Decatur St, New Orleans, La, treas
urer.
The stockh Olders or the directors may
at any time create or elect such other OFF,
GERS, agents, or representatives, as they
deem proper.
The Offices of secretary and treasurer
may at any time be united by the stock
holders or by the board of directors, into
the office OF secretary-treasurer.
The board of directors may make, amend
and repeal all bylaws. rules and regula'
items for the conduct OF the corporation.
All elections by the stockholders shall
. be by ballot at the office Of the company,
in accordance with such regulations as the
board OF directors may determine, and al
every such election and at all meetings OF
the stockholders, each registered share
of stock shall be entitled to one vote, to Dc
! cast by the registered owner or by mis-
agent or representative by written proxy
ARTICLE VIII.-This act of incorpora-
ton may be modified changed or altered
or said corporation may be dissolved with
: the assent of three-fourths Of the capital
stock outstanding at a meeting OF tne
1 stockholders convened for that purpose
and after fifteen days written notice mas
, been delivered in person or given by letter
mailed to the last known address or each
stakeholder. The said notices may bt
waived by the unanimous consent or al
the stockholders.
, In case of the dissolution Of the corpor'
alton its affairs shall be liquidated by one
, or more liquidators elected by majority
: vote of the stockholders with such pow
, ers. compensations and duties as the stock
holders may determine.
al ARTICLE IX-No stakeholder shall evel
! be held liable for the faults or contracts
: OF this corporation in any further sun
. than the unpaid balance due to the cor
poration on the shares subscribed by him
!, nor shall any mere informality have tn
: effect of rendering the charter null or o
exposing any stakeholder to airy liabilit!
: beyond the unpaid balance due on hi
stock
ARTICLE X-The subscribers heret
:. have respectively written opposite thei
S names the amount of stock subscribed b.
them in this corporation so that this &C
: OF incorporation may also serve as IN
J, original subscription list of the corpora
t ton, and they have stated their post ONO
: addresses, SO as to conform with Act 20
s Of 1914.
k Thus done and passed at my Office Il
the City of New Orleans, State Of Louisi
ana on the day, month and year herein
after first above written. In the presenc
5. Of Louis Rosen and b. f. Whitehead, com
jority and residing in this city, who hay
:. hereunto signed their names with sal
appearers and me- Notary, after due read
= ing of the whole. M
n. Peters St, New Orleans. La, SO shares
e. A. Rainold. Sugar Exchange Bldg
; New Orleans, La, SO shares; Philip +
!, Vallee 2O4 Decatur St., New Orleans. La
. 63 shares: J. c. LeBourgeois, Carondeie
!, Bldg. New Orleans. La, SO shares.
y Witnesses: b. E. Whitehead, Loui
!e i'O''H CHARLES RosEN.
Notary Public
10 T. the undersigned Recorder of Mort
cages. in and for the Parish Of Orlean:
, State of Louisiana do hereby certify tina
n the abobve and foregoing Act OF incorpoi
~ alton, Of the Cuban. Louisiana Sugars
e. office, in Book No. 1919. Folio
(Signed) ROBT. SCOTT,
Assistant Recorder Of Mortgage
New Orleans, La, Sept o. 1922.
ir Csean 'U' ''p' CHARLES RosEN.
:. Notary Publ
20 Sept. 14-Oct. 10.