The herald., 1922-10-05
CHARTER
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 SUR, udcr of the out
standing certificates properly endorsed by
the registered owner or 10y his duly con
stituted agent or legal representative, IN
accordance with SuCh rules and reEuId-
tons as the board Of directors may deter
mine.
No sale or other disposition Of stock in
this corporation shall bc made without
its first being offered in writing for thirty
days To the other stockholders through the
board of directors at Il price not TO exceed
the book value OF said stock as of the
date OF said offer, ana all sales, pledges or
other disposition or remembrance OF >ald
stock shall he made subject to this pro-
vision OF the charter ana the corporation
shall not be required TO recognize any
transfer or right acquired III violation 81
this prov !>IOn 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 III the manner pre-
Scribtd 10y law. Tn" amount TO which the
capital stock may Ice increased l. Two
Hundred and Fifty Thousand Dollars,
,N2Jc uuU 90.
ARTICLE VII-Au the powers of this
corporation shall Ice vested i'll and cAer-
ris,d 10y a board OF four ca directors who
shall be- elected 10y the stockholders 1T the
annual meeting which shall be held Oh the
iir>t Tuesday of September Of each year.
The first annual meeting shall be held on
the first Tuesday OF September, 1913, until
which time the .OIItrrs ana dlrve'ra
naIurd in this charter shall continue To
act aud until their successors are elected
and qualified. All vacancies in the board
of directors from whatever cause arising
snail be hllcd 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 al
any meeting Of tn" board by any other
director by written proxy. Immediately
or is soon as practicable after their own
election. the directors shall elect from
among their own number, president, q
icy-pIc~idrut Il secretary, and treas
urcr The first board of directors and
offices OF this corporation ana the post,
office addresses. who shall hold Office until
the first annual netting or until their sue
rc~>urS are elected and qualified, are as
follows: Bishop G. Perkins 2U3 y. Peter
st. New Orleans, La. president; Emile y
Raiuold, Sugar Exchange Building, New
Orleans. La, vice president, Joseph {
LcI:ourgroiS, Carondclct Building, New
, Orleans La. secretary: Philip +. Vale"
2Ut Decatur St, New Orleans, La, treas
ur"r.
The stockholders or the directors may
at any time create or elect such other ON
GERS. dLtllSr VI itl'AfS' iiNdAA'No ~ A'4N
deem proper.
The Offices Of secretary aud treasurer
may at any time be united by the stock
holders or by the board of directors lhJ'
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- bv ballot at the Office Of the company
4 in accordance with such regulations as tn
/ board of directors may determine, and u
every such election and at all meetings U
I the stockholders, each registered shar
of stock shall be entitled to one vote to o'
least by the registered owner or by hi
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 Wit
the assent of three-fOurths of the capita
! stock outstanding at a meeting OF IN
/ stockholders convened for that purpose
I and after fifteen days written notl'e ma
/ been delivered in person or given 10y lettt
mailed to the last known address of eac
/ stockholder The said notices may =
waived by the unanimous consent Oh ~
TIA, stockholders.
In case of the dissolution of the corpor
alton its affairs shall be liquidated by on
or more liquidators elected by maJorit
vote of the stockholders with such pow
ers compcnSationS aud duties as the stOcB
holders may determine.
4 ARTICLE IN-No stakeholder shall eve
be held liable for the faults or contract
of his corporation in any further SUI
than the unpaid balance due to the COZ
poration on the shares subscribed by mn
nor shall any mere informality have u
effect of rendering the charter null or
aXpoSfng any stakeholder to any liabilit
: beyond the unpaid balance due on h
stock.
ARTICLE N-The subscribers here
have respectively written opposite me
names the amount of stock subscribed |
them in this corporation so that TINS a
% Of INCORPORATION may also serve as u
. original subscription list of the cOrpor
{ ton. and they have stated their post-oih
= addresses, so as to conform with Act :
: of 1914.
( Thus done and passed at my office
the civ Of New Orleans. State of Louis
ana. on the day, month and year herel
after first above written, in the presen
l.; of Louis Rosen and Il. +. Whitehead, cor
petent witnesses of the full age of m
iority and residing in this city, who ma
;. hcreunto signed their names with sa
appearers and me, Notary, after due rea
= ing of the whole. q
y Peters St. New Orleans. La. 60 share
T. 4. Rainold. Sugar Exchange Bid
: New Orleans, La, 63 shares; Philip,
: VaIIee 204 Decatur St. New Orleans, L;
y 63 shares: J. c. LeBourgeOis, Carondel
g Bldg. New Orleans La. 63 shares.
y Witnesses: Il. f. Whitehead, LOT
: | ROSen. ,,os,,,>-
: Notary Publ
% 7 the undersigned Recorder of Mo-
/ cages in and for the Parish of Orleal
> State of Louisiana. do hereby certify II
/ the abobve and foregoing Act of 1ncorpC
n alton. of the Cuban-Louisiana Suga
10 Inc. was this day duly recorded in ]
= Office. in Book No. 1879. Folio
IS (Signed) ROBT. SCOTT.
J. Assistant Recorder of Mortgag
l. New Orleans. La, Sept. 0, 1872
4 true copy:
Notary Pub