The herald., 1922-10-26
CHARTER.

,
, 1t shall have and enjoy corporate exist
ence and succession for the full term
and period of ninety nine 500 years from
and after the date hereof; to contract, sue
and be sued to make and use a corporate
seal, and the same to alter and break ut
pleasure to hold, receive. lease purchase
and convey, as well as mortgage and
hypOthecate property, real, personal or
mixed, corporal and incOrpOreal; TO own
and hold stocks and bonds of other cor
pOratiOns; to name and appoint such man
ayers, agents. directors and officers as
its business or convenience may require.
and to make and establish, as well as
alter and amend. from time to time, such
bylaws, rules and regulations for the
proper government of the affairs of said
corporation as may be necessary ana
proper.
ARTICLE 1.-THE domicile of said cor
poratiOn shall be in the City of New Or
leans. State of Louisiana, and all citation
and other legal process shall be served
upon the President of said corporation
| or in his absence upon the Vice President
! thereof. or in the absence of said of
ficrrs, upon the Secretary Of said cor
! pOratiOn.
! ARTICLE III-The objects and pur-
poses for which this corporation is or
ganized and established and the nature
of the business to be carried on by it
ar" hereby declared To be:
To carry on the business of manufac-
turing. refining and processing of min
eral, vegetable and animal oils and fats
and their various by-prOductS.
To engage in the TRANSPORTATION of min
eral. vegetables and animal oils and fats
and their various by-prOductS either pro
duCed by this corporation or other persons
or corporations. by means of pipe lines.
tramwayS railroads. boats. bargpS or
other conveyanceS or to lease or suitcase
all or any part thereof to other persons
or corporations for the like purpose, and, /
in order to fully carry out said objects and |
purposes, to purchase. lease, or otherwise |
acquire. pipe lines. tramways. railroads. :
boats. barges tank cars. locomotives, /
pumping stations, steam plants, air plants |
and all other machinery, apparatus and /
paraphernalia necessary or incidental .
thereto.
To build construct lease. purchase or
otherwise acquire buildings. machinery
and other apparatus for refining. Smelt-
ing. manufacturing or otherwise working
up the products of mineral vegetable and
animal oils and fats either produced by
this corporation or other persons or cor
pOrations. and to refine. smelt, manufac-
animal oils and fats and their by-productS
OF said oils and TO operate the said plant
and market the products or by-prOductS
as manufactured TO the best advantage.
To carry on such other business per
tanning to the manufacturing, refining and
processing of mineral. vegetable and
animal oils and fats ad thei by-poducts
rs may be found necessary or desirable
n such as is generally engaged in by a
corporation Of this kind.
ARTICLE IV-The capital stock Of this
corporation Is hereby fixed at the sum ,
II Forty Thousand Dollars (si0.O00) :
divided into and represented by Four :
Hundred (4O0l shares of stock Of the !
var value of One Hundred Dollars (slO0OOl ,
aCh. Said stock shall be paid for in cash :
t such time. in such amounts and after !
uch notices to the subscribers may he ;
iX"d by the board of directors and the
anne may he issued Mt not less than par
or labor done or property actually re- I
cived by the corporation.
The amount to which the capital stock
{ this corporation may be increased 4
hall he the sum of two hundred thOus-
nd dollars (S2O0OO0).
This corporation shall become going =
oncern and shall be authorized To do a
usineSs as soon as one-half (l3) of its b
apital stock shall have been subscribed h
ARTICLE v-All of the corporate pow
RS of this corporation shall be vested in
nd exercised by a board Of directors II
imposed of three (3l stockholders. two =
~ of whom shall constitute a quorum. -
aid directors shall be elected annually on az
he first Monday in January of each year III
a general meeting of the stockholders. =
lcept the first board of directors which ~
,all be elected at the first meeting of ~
ockhoders to be held on October 9Th, VI
'as at 1000 a. m. at 1901 Hibernia al al
no shall hold their offices until the first ~
onday in January. 1924. or until their az
lccessOrs shall have been duly elected GO
nd qualified q'
All such elections shall be held by bal az
and conducted at the office of the cor c.
'ration under the supervision of two (2l or
to be appointed by the at
'ard of directors. Notice of such meet tn
9 and of all other stockholders meet tn
gs shall be given in the manner pre-
ribed by law, and when not so pre- 20
ribed. then written notice of such meet ar
g shall be deposited. at least fifteen O5) 60
ys prior to the date of such meeting in r.,
2 post office of the City of New Or nj
ans. postage prepaid, properly addressed nr
each stakeholder at his last known ot
sidence or place of business oo
At all such elections and at all corpo- an
te meetings every stakeholder shall be ha
titled to one vote for each share of phi
ock standing in his name on the books let
the corporation, to be cast by him in to
rson or by his written proxy, and a sci
njority of the votes cast shall elect fir,
Any vacancy or vacancies occurring pm
nong the directors by death, resigna- gu
IN or otherwise. shall be filled by cleo ma
On for the unexpired term by the re- col
aiming directors. ge
The failure to elect directors on the day sal
owe specified shall not dissolve the cor u
ration. nor impair its corporate ex-
ence or management, but the directors ste
on In office shall remain In office until ella
elr successors are elected and qualified dol
Inc board OF directors shall annually DIRE
Its first meeting after election. elect hui
,n IT'S own number a president vice sto
esident and a secretary and a treasurer for
II may elect one % person who shall or
poth secretary and treasurer who need 10
De member of the board of direc- Di
IS; The office of president may also be yes
nDlned with the office of treasurer so pa.
it the person elected to president of acc
. corporation may perform the func- del
ms or both president and treasurer The wit
ice OF vice president may be also com +
led with the office of secretary, so that be
person elected vice-president NAV per art
IN Ine duties OF both vice-president and sui
rotary. The board of directors NAV in
90, one w OF more assistant sec bus
aries neither of whom need be members mo
! ne board or stockholders in this corpo-
ION The board of directors shall have a
such other officors amo,. anu appoint lar.
!ees as may be deemed necessary for ny
, purposes and business of this corno A
ION. Said board shall have power and of
norlty TO nix the compensation and Boa
me the duties of every officer and en- Die
zee; and all officers and employees MOI
IL hold office and employment at the WHIT
assure of said board '"e nua
aid board may make and establish os vac
as after and amend. any and all nv VIM
I, rules and regulations necessary and the
fer In It's Judgment for the conduct ma!
affairs of said cornorotion "usiness and
4 oil ,,oo,; -, the
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