The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-28


Notary Public.
Dec. 1927 Jan. 4-11-1S.
CHARTER OF THE FORsT PRODUCTS
CO., INC.
State of Louisiana, Parish of Orleans
City of New Orleans. Be il known, that
on this End day of the month of Deem
Der. 1922, and of the Independence of the
United States of America. the One Hun
dred and FOrty-seventh, before me. Her
bert W. Kaiser. notary public duly
sworn. commissioned and qualified, IN
and for the Parish and State aforesaid
and in the presence OF the witnesses mere
matter named and undersigned, person
ally came and appeared the several par
ties whose names are hereunto subscribed.
who severally declared that availine
themselves of the laws of the State of
Louisiana in such cases made and pro-
vided.the have covenated and agreed, ana
do by these presents covenant and agree
and bind themselves, as well as all other
persons who may hereafter become asso-
ciated with them, to form corporation
and body polite in law for the objects
and purposes and under the articles and
stipulations following, to-wit:
ARTICLE 1.-The name of this cOrpor-
alton is hereby declared to be "torst
Products Co, Inc.," and under its cor
porate name IL shIl have power and au-
thority TO enjoy corporate existence ana
succession for the full term of ninety
nine years. from and after the date hereof,
to contract, sue and be sued, to make and
use a corporate seal, and to alter and
break the same at pleasure; to acquire
by grant gift or otherwise hold, receive,
hypothecate, convey, sell, lease, pledge
and mortgage and dispose OF property
real personal and mixed; to issue nego-
table bonds and notes, or other evidences
of debt; to name and appoint such man
ayers. agents, directors and officers as its
bu siness interests and conveniences may
reQcire, to make and establish, as Wen
as to alter and amend. from time TO time,
such bylaws, rules and regulations Tor
the proper management of the affairs OF
this corporation as the same may be nee
essary and proper; said corporation shall
have further power to acquire, sell anu
dispose of the capital stock in other cor
all the rights and privileges and grants
under the laws of this State. and more
particularly under Act 261 of the Louis
lana Legislature Of 1914.
ARTICLE 1.-THE objects and purposes
for which this corporation is organized
and the nature of the business to be car
ried on by ii are hereby declared to be:
to conduct and carry on the business OF
buying and selling and manufacturing
syrup, concentrates, extracts, colorings,
chemicals, toilet preparations and bot
tiers supplies, as well as to transact any
other business in any other commodities
incidental to or connected with the gen
eral objects and purposes OF this corpor-
alton.
ARTICLE III-The capital stock Of this
Is hereby fixed at the sum
of Twenty five Thousand Dollars (s25,000)
divided into go shares of the par value
of One Hundred Dollars ($1OO.OO) per
share, which shall be paid for in cash,
for services rendered, merchandise, prop
erty or other valuable consideration enur-
ing to this corporation, according to the
exclusive Judgment of the Board Of Di-
rectors. This corporation shall be going
and authorized to do business as
soon as 500 of it's authorized capital
stock shall have been subscribed and paid
for. The capital stock of this corpora
ton may be increased to the sum OF Five
Thousand Dollars (S5OO,OOOOOl.
ARTICLE Iv-In the event of any
holder or owner of stock, as well as his
widow, estate or heirs, wishes to sell or
dispose of the same such holder or
owner as well as his widow, estate or
heirs, must first tender such stock to the
other stockholders, through the Board OF
Directors, for purchase, for a period OF
thirty days, in writing, at the price OF
said stock on the books Of the corpora
ton, and during said period Of thirty
days the said stockholders shall have the
exclusive right ia accept or reject the
and in the event said stockholders,
through said Board, shall fail to make
said purchase within the said period at
the price offered, under the conditions
tneu, anu tHdt the
or stockholders. desiring to
dispose of his or their stock, may sell
the same to such person or persons as he
may see fit. All stock in this corporation
issued. or to be issued. shall be subject
to the provisions Of this article.
ARTICLE v. The domicile of this cor
poration shall be in the city of New
Orleans, state OF Louisiana, where all
meetings of the stockholders or directors
must be held; provided that with the
written consent Of all the directors, valid
meetings Of the directors may be held
outside Of the state or within the state
elsewhere than at its domicile. Citation
shall be served upon the President; or,
In his absence or disability, upon the
Vice President.
ARTICLE vi. All the corporate pow
srs of this corporation shall be vested
in and exercised by the Board of Direc-
tors, three in number, all Of whom shall
be stockholders, to be elected on the
second Monday in January Of each year.
the second Monday in Janu-
Try, 1923, with the understanding that
he first Board of Directors selected by
he stockholders and named in this char
Ter, as well as the first set Of officers.
Is hereinafter name. shall hold office
Until the second Monday Of January.
1923. or until their successors have been
elected and qualified.
After the election Of said Board of
by the stockholders, as herein
provided, there shall be elected by said
directors. from their own number, the