The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-08
CHARTER OF KOHINANN RRoS 4
SlGARMAN INC

~ y
SUGARMAN, INC
BE it known, that on this Doth day G
the month of May. 1922, before me- Scot
+. Beer. notary public in and for ia
iarlsh OF Orleans; State of LOuisian;
therein residing. duly sworn. commits
miSSioned and qualified. and in the pres
! ence OF the witnesses hereinafter nance
ana Undersigned. personally came and ap
! peared' the several persons whose name
| are hereuntO subscribed. who Severall
! declared that. availing themselves of tn
laws OF the State of Louisiana relative t,
| the organization of corporations. the,
| have consented and agreed and do, b!
: these presents, contract, agree and bin,
themselves, as well as all other persons
| who mag hereafter become associated
| with them. To form and constitute cor
! pOratiOn and body polite in law for tn,
! objects and purposes and under the agree
ments and stipulatiOnS hereinafter set
! out and expressed.
! ARTICLE THE name and style of thi.
| corporation shall be "Kohlmann Bros &
Sugarman, Inc, and its dOmicile shall
! be the city of New Orleans. State of Louis.
lana. Under its corporate name the said
corporation shall have power and author
lty 10 exist and enjoy succession for the
| full term of ninety nine years from and
AFTER the date hereof; to contract, sue and
De sued; 10 make and use a corporate seal
and the same to break or alter at pleas
ure to purchase. own. hold. lease, re-
celve. sell and mortgage or pledge, under
lts corporate name, property, real, per-
sonal and mixed, corporal and incorpO-
real including stocks bonds and securi-
Ties OF other corporations: TO elect and
appoint such directors, officers and agents
as the interest and convenience of the said
corporation may require; to make and
establish by laws, rules and regulations
Tor the management of the corporation as
may be necessary and proper and the
same to change or alter at pleasure; to
DO and perform all acts and things re-
qulslte ana necessary to carry out the OBJ
Jects and purposes of this corporation.
ARTICLE 1I-All citations or other le-
gal process shall be served upon the presi-
dent of this corporation and. in case OF his
absence, upon the yice-president of this
corporation. and in case of the absence of
Doth president and vice-president upon
ton.
ARTICLE III-The objects and mr.
poses for which this corporation is or
ganized and the nature of the business 70
De carried on by IL are hereby declared
10 ne to engage in trade and commerce in
an its Iorms; to import and export. and to
ueal ana operate at wholesale and retail.
as principal. agent. on commission or
Otherwise. in groceries, food and feed
stuHs, fruits, vegetables can goods pro.
nuce and all other articles of commerce
commonly carried and dealt in In said
businesses and generally TO handle trade
N, purchase and sell all goods and wares
md merchandise of every nature or kind
Incidental to the said businesses aforesaid
Or In any wise connected Herewith And
o acquire the good will and business of |
'tner persons or corporations as the in
crest and advantage of this corporation |
nay dictate, and specially the business |
ormerly conducted in the name of Kohl
nam BROS. Sugarman, or any part i
hereof that may be acquired by this cor
'oration; to establish branches in and out |
" the State of Louisiana, or foreign
ountrles. And generally to do all things
Incidental to the business aforesaid or in
IN way related thereto or connected
ARTICLE w. The capital stock of this
orpOratiOn is hereby fixed at one HIM |
red and twenty five thousand (S125. OOO)
oilars TO be divided into and represented
alue of one hundred dollars 1S1OOOM
er share, which shall be paid for i'm |
ASH, or which may be issued for pro-
erty actually received by the corpora
lon at its fair value.
Inc capital stock Of the corporation
lay De increased to two hundred and
iIty thousand dollars ($25OOOO).
NO transfer of stock shall be binding
u ms corporation unless made and re-
orded on the books thereof.
All stock of the corporation is issued
no shail always be held hereafter under
ne irrevocable contract, condition and
greement - "N
~ That before any sale. gift or trans
n Is made thereof. 1t shall be first Of
ered 10 the other stockholders of record
u the DOCKS OF the corporation at the
TIC, OF one hundred dollars per share
Jus the pro rata share of said stock in
he surplus account and in the undivided
ro1lt account of the corporation as
,own by the last audit proceeding sucb
Ter. The surplus and undivided profits
a. a' ne kept IN one or separate accounts;
&c pro rata OF each share shall be esti- ;
ated by dividing the total number OF '
lares issued and outstanding into the !
nance TO the credit of said account or !
counts. The sum thus ascertained plus
e sum OF one hundred dollars. aforesaid
All De the total value and price of each
are, and no other evidence shall be con-
Tered In fixing the same. The said
Mount shall be paid in cash within thirty c
ptance of such offer. Stock shall no o
Ken and the books of the Corporation r
All De audited as of January LIST and
~ lst OF each year and as soon as pos ,
5 30, aIter the expiration of said date.
" In case of the death of n stock p
lder; the remaining stockholders shall
We the right to purchase the stock hold n
owned by him at his death. for the o.
zee and upon the same terms accorded
the preceding paragraph of this ar
lie, but said right shall lapse at the ex j.
alton Of go days from the date of such =
lth. VI c
stock purchased under the foregoing
,slslons shall be allotted to the stock +.
idings and, on failure of any stock r.
der to take and pay for his portion. q;
u snare may be taken by the other OF
ckholders in the same proportion. ~
mould the capital stock of this corpora IN
n he increased. the right is accorded HI
stockholders of record to subscribe to -
same. at par, in proportion to their 10
erai holdings, payable as may be pre- Ia
lDed In the resolution increasing such an
OK, which right shall be exercised with In
zen days after written notice. to be al
EN- by the secretary, mailed TO the pa
registered address upon the books OF Al
corporation. vi c.
my stockhOlder shall have the right TO N
scribe TO more than his proportionate tn
re- SUBJECT to the distribution thereof OF
er the exercise of the rights of tbe la
er stockholders as prescribed in the an
'seeding paragraph. And such stock er
DER snail pay for said stock within i've TO
Is after written demand from the Soc tn
ary OF the corporation. an
stock not taken by the stockbolders ag
Ter the previous provision shall he sold su
m time to time as ordered by the board co
directors. co
he board Of directors is hereby con- in
uted the agent and attorney in fact of un
stockholders for the purpose of receiy- me
offers and to otherwise carry out the
visions Of this article. A brief refer col
: to this article shall be written or me
cd IN | h.,