The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-24
CHARTER.
with or used in the handling of the
business herein;

or other securities or evidence of in
| debtednesS or any shares of capital
stock of any other corporation or cor
pOrationS, association or associations,
whether foreign or domestic, and while
/ the owner of said stock, to exercise all
| the rights, powers and privileges OF
| ownership, including the right to vote
| thereon to the same extent as a natural
person might do.
! And generally to do and perform and
| carry on any and all business in any
| manner connected with, gcrmane or in
| cidetanl to any one or all of the fore
! going objects and purposes.
| The foregoing clauses shall be con-
strsed both as objects and powers but
! no recitation, expressed or declaration
| of specific or special powers OF purposes
! herein enumerated shall be construed
as exclusive: but it is hereby express
! ly declared that all other lawful powers
not Inconsistent herewith. and such as
a natural person might have or exercise
are hereby included.
ARTICLE IV-The capital stock of
! this corporation is hereby declared To
be one hundred thousand tSlUOUOO.OOD
dollars, divided into one thousand
G.OoOJ shares Of the par value of one
hundred tSlUO.O0D dollars each, all OF
which shall be common stock and shall
bc paid for either in cash. for labor
done. or for money or property actually
received.
The capital stock of this corporation
may be Increased from time To time TO
any amount not exceeding two hundred
and fifty thousand CS=5O.00OO0D dol
lars, in accordance with the provisions
of law apDertalnlnS thereto.
The shares of stock Of TINS corpora
ton shall be transferable on the books
Of the corporation only and no transfer
shall Ice binding on the corporation or
have any effect unless and until made
upon said books.
! ARTICLE N-Au of the powers Of
| this corporation shall he vested IN ana
exercised by a board of directors com
I4n al
more than five shareholders Il majority
Of whom shall constitute a quorum Tor
the transaction OF all business. y ma
| iCrity of the board of directors voting
at any time shall be required to pass
any resolution or adopt any bylaws.
when SO passed, shall become NaIld cor
porate acts
The first board of directors who shall
hold office until the second Tuesday IN
September 1923. the date Of the annual
meeting of the corporation as her"ih-
after fixed. shall consist Of: Charles
f. Cormicr. VINO shall be president. i"9
Iowcrliuc Street. New Orleans, l.st-.
Philip f.. Vallee. who shall be vice
president go Broadway Street. New
orleans. La; William + Patterson!
vino shall I've Secretary-t treasurer, loo
st Andrew Street, New Orleans. La, j
O. Broussard. Beaumont Texas.
The board Of directors. except as
hcreinaboVe provided for shall he elect
ed annually at a general meeting "i
the stockholders to he held on TIN
/ second Tuesday in September. 1913. ana
on the same date and month in each an"
every succeeding year thereafter. aitrr
fifteen DAYS notice in writing malltu 10
. | each shareholder at his last known al
dress appearing upon the books of thr
lcorpora ton unless said notice Is waived
, in writing by all the shareholders "p-
pearing as such upon the books.
Special meetings Of shareholders may
always be called by the board of dircc-
tors. subject to the f"rmaliutS as |"
p notice or waiver Of notice as htr"lh-
above provided in regard to general
| meetings
failure. however. from any cause
whatsoever. to hold the annual meeting
Of stockholders. OF the failur" to elect
directors thereat. shall not operate IN"
. forfeiture of this charter, nor impair
= its corporate management. but the III
rectors then in office shall remain III
office and shall serve until their sue
. cessors have been duly elected, Puah-
fled and installed.
Any yaeaney the ,,S SSaT@ OF d shai
no fi1Ied for the uneXpired term 10y the
= remaining directors. And the said boaro
{ Of directors shall have power anu au
thority to make all necessary rules am am
Z, regulationS for the operation ana con
trol of the business of the corpora ton
as well as to make, alter and amend al
l. necessary rules and bylaws.
| ARTICLE VI-This act of incorp"ra
zion may he changed. altered or amend
| cd or this corporation may he dlSSolNe'
Inv and with the assent Of the holders
Of two-thirds in amount OF Its thth en-
,ire outstanding stock. AT genera
: ! meeting convened for that purpos'
d after thirty 800 days o'tice in writ
ing mailed to each shareholders laS
# known address. and after tiltseh a.
# days' publication in one or the naI /.
: nawsnapprS in the City OF New UT
I. leans and as prescribed by law:
e Whenever this corporation Is dissolve
l. nv ilimitation or otherwise. its affair
q 10 under
c. sion of three commissioners. 10
d elected at a general meeting OF snare
# holders convened for that purpose. arc
e notice as above provided TOT IN I'm t.I
l. article. and they shall remain IN oiIlc
y until the affairs of the corpora no
81 shall have been fully iquldated: ana !
= case of the death or disabliity 10 dc
l. of one or more of the said llquldatorS
h the survivors or survivor shall con
r tinue to act, under the provisions am
~ i'm accordance with the terms OF SCI
" zion 20 of Act 267 of 1914.
IS ARTICJE VII-No shareholder o
$, this corporation shall ever he mel
E. liable or responsible Tor the collrac .
IN or faults of this corporation IN an
a. further sum than the unpaid balthc
he due upon the shares of stock owned .
he him. nor shall any informality in IN
I: organization have the erect OF rehue'
Ill ing this charter null or eNposlhs d. an
er shareholder to any liability beyond IN
as unpaid balance due upon ms STOCK. u.
IN shall any informality or irregularlty
SIS Organization have the eject or rende'
er ing any shareholder liable as a parthe
&e ARTICLE NIII-The subscriber
ne hereto have respectively written opp'
CT sire their names, the amount OF StoC
RS in this corporation subscribed for !
r. each of them. together with their po'
Ill office addresses. so that this act or II
a CORPORATION shall serve as an orlglh'
Is subscription list. -.
nd And here the said Charles r.. 90
to mier. declared that whereas he mas IL
d. many yearse past been conducting nus
r. ness i'm the City of New orleans. as
Ir- dealer in rice and rice products,
said Charles f. Cormier, in payment
lis his subscription to the extent or M
Of I5O) shares only. however. of the cap
re tai stock of this corporation, hereby a
or | signs sets over and delivers to tn
he CORPORA ton, the good will of his nan
he and influence in the rice trade IN u
ST. City of New Orleans and elSewhere' al
on here. the said Philip T.. Nallee ana w,
Ter liam f. Patterson, acting as TWO OF U
he incorporating directors OF TINS corpor
re ton declared that they have apprals
and do hereby appraise and value l
good will, name and influence or s;i
II Charles f. Cormier in said rice IRA
IL and business at the sum OF ilNe thou
ol and CS5OOO. O0) dollars. .r
ire Thus done and passed IN my ON
in the CITY of New Orleans. Parish
is Orleans State of Louisiana. on the a
SIS; and date hereinabove first written,
or the nresence of Gus Methe and HS
en- riet Spickert competent witnesses, w
lie, have hereunto affixed their signatur