The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-24

/ h"COrueu, IarIsu OF orleans, NJ. ~. u.
! .1DS. folio 491.
/ \ true copy:
(SeaD: WILLIAM J. GUSTE.
Notary Public.
July 2T-Aug. 81
CHARTER OF
GOLDSMITH COFFEE AND RICE
CO., INC.
/ United States of America. State Of
| Louisiana, Parish of Orleans, City of
New Orleans. Be it known that on
! this 9TH day of the month of July, in
| the year of our Lord one thousand
nine hundred and twenty-five, and OF
! the independence of the United States
of America, the one hundred and forty
sixth, before me, William J. GuSte, a
/ Notary Public duly commissioned and
qualified in and for the above parish
and state, therein residing, and in the
presence of the witnesses hereinafter
named and undersigned, personally
| came and appeared the several parties
whose names are hereunto subscribed
who severally declared that, awaiting
/ themselves of the laws of the state
Of Louisiana, in such cases made and
! provided, and more particularly of Act
267 of the General Assembly of The
state of Louisiana of 1914 relating to
| the creation, organization and forma-
! ton of corporations, they have coTen-
anted and agreed, and by these pres
| entS 90 hereby covenant, agree and
| bind themselves, as well as all other
persons as may hereafter become asSo-
ciated with them, to form corporation
| for the objects and purposes under the
articles and stipulationS following,
which they hereby adopt as their
charter, to-wit:
ARTICLE /. The name and title of
| this corporation shall be Goldsmith
Coffee and Rice Company, Incorporated,
and under its corporate name it shall
have power and authority to have and
ENJOY corporate existence for a period
of ninety-nine years from date hereof,
unless sooner dissolved by liquidation
or otherwise 1t shall have power to
contract, to sue and be sued; to make
and use corporate seal, and to alter
and break the same at pleasure; to
hold, receive, lease, purchase, transfer,
assign, mortgage, hypOthecate. pledge
or otherwise dispose of property, real,
corporal; to issue bonds and, if de-
sired, to secure same by mortgage; to
hold stocks in other companies; to
make and elect officers and directors:
TO make and establish, alter and amend
bylaws. rules and regulations for its
proper government, as may be deemed
necessary and proper for the extension
of the business in which the corpor-
ARTICLE II. The domicile of this
corporation shall be in the city of
New Orleans, Louisiana. and service or
process shall be made upon the Presi-
dent, or, in his absence, upon the
Secretary-Treasurer
| ARTICLE III The objects and pur-
poses for which this corporation is
organized and created. and the nature
| of the business to be carEied on by
1t are declared to be as follows:
To engage In and conduct a general
merchandise, produce commission, and
exporting and importing business; to
buy. sell, export, import and otherwise
deal in groceries. foodstuffs, raw and
finished agricultural products, mer-
chandiSe and manufactured articles of
any nature whatsoever; to manufacture,
store, refine, transport and otherwise
deal in agricultural products, manu-
featured articles or merchandise of any
do and perform all things pertinent
to and incidental to the carrying out
and proper execution of the objects
ana 7, PVT! purposes hereinabove mentioned:
this corporation is hereby fixed at
the sum of Fifty Thousand Dollars
S5O,0e0.oO), and shall be divided into
and represented by five hundred shares
of common stock of the par value of
One Hundred Dollars each
SAID stock shall be paid for IN cash.
or for property, or services actually
rendered to the corporation, or other
equivalent of cash as provided by law.
and in such manner and at such time
and In such installments as may be
prescribed by the Board of Directors.
This corporation shall become a
going concern and shall be authorized
to commence business as soon as fifty
per cent $500 of it's capital stock
per cent of all stock subscribed for
shall in fact have been paid for, either
in cash or its equivalent.
ARTICLE V. The capital stock of
TINS corporation may be increased to
the sum of One Hundred Thousand
Dollars (s100.000.00) by vote of two
thirds of all the stock present or rep
resented at a special meeting called for
that purpose. or at a regular annual
meeting of the corporation.
ARTICLE vi. All certificates OF
stock issued by this corporation shall
be signed and counter-signed by the
President or Secretary-Treasurer.
The stock of this corporation can
be transferred only on the books OF
the corporation, and subject to such
regulations and formalities as may be
| by the Board of Directors from time
to time prescribed. No stakeholder
shall be permitted to sell or otherwise
ing the same in writing to the other
stockholders. through the Board of
directors, at a price not exceeding the
book value thereof: and said stock
shall have an option and first right
to purchase, at the book value of such
stock on December 81. last preceding.
all the shares of stock to be thus dis
posed OF by sale or otherwise of any
of the stockholders, and shall have u
period of ten days in which to accent
or decline said offer. Should the stock
holders decline to purchase said stock
then such stockholder is at liberty to
sell or dispose of the stock, and may
do so in any manner and at any price
he may deem fit.
Each share of stock is issued herein,
upon the condition and understanding
that no stockholder shall sell or other
wise transfer his stock in violation
hereof, and any such sale or transfer,
| IL made, shall be void. and this cor
poration shall be under no obligation
to list said stock on it's books or to
regard the holder of the certificate
thereof.
ARTICLE VII. The corporate pow
ers of this corporation shall be vested
in and exercised by a board of not
less than three nor more than six direc-
tors. at the option of the stockholders.
two to constitute quorum when there
are three directors. three to constitute
a quorum when there are more than
three and less than six directors. and
four to constitute a quorum should
there be six directors. for the trans
action of business. The directors of
the corporation may vote in person or
by written or telegraphic proxy at any
of the meetings of the Board Of Direc-