The herald. [volume] (New Orleans, La.) 1905-1953, 1922-10-19
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 surrender of the out
standing certificates properly endorsed by
the registered owner or by his duly con
stituted agent or legal representative, IN
accordance with such rules and regula-
tiOns as the board of directors may deter
mine.
No sale or other disposition of stock in
this corporation shall be made without
its tirst being offered in writing for thirty
days to the other stockholders through the
board of directors at price not to exceed
the book value of said stock as of the
date OF said offer, and all sales, pledges or
other disposition or encumbrance OF said
stock snail be made subject TO this pro-
vision OF the charter ana the corporation
shall not be required TO recognize any
transfer OF right acquired i'll violation OF
this provision 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 i'll the manner pre-
scribcd by law. The amount to which the
capital stock may be increased Is Two
Hundred and Fifty Thousand Dollars,
$3.50 10000.
ARTICLE YII.-All the powers of this
CORPORATION shall be vested in and eAer-
i
shall be elected by the stockholders at the
| annual meeting which shall be held on the
nrst Tuesday of September OF each year.
The first annual meeting shall be held on
the first Tuesday OF September, 1923, until
which time the OfhJlrs and dlrStOrS
named in this charter shall continue to
act and until their successors are elected
and qualified. All vacancies in the board
/ of directors from whatever cause arising,
shall be fllcd by the remainder Of the
directors. Each of the directors shall own
| in his own name ut least one share OF the
capital stock and may be represented at
| any meeting of the board by any other
director by written proxy. Immediately,
| or soon as practicable after their own
election, the directors shall elect from
among their own number, a president, q
| vice president. secretary, and treas
urer. The first board of directors and
Offices of this corporation and the post
! office addresses. who shall hold office until
| the first annual melting or until their sue
cessors are elected and qualified, are as
! follows: Bishop e. Perkins, 2O3 y. Peters
St. New Orleans, La, president; Emile a.
Rainold, Sugar Exchange Building, New
| Orleans, La, vice-president; Joseph L.
! LeBourgeois. CarOndelet Building, New
4 Orleans, La, secretary: Philip +. Na'lee.
204 Decatur ST., New Orleans, La, treas
urer.
| The stockholders or the directors may
| at any time create or elect such other OIL
GERS, agents. or representatives, as they
| deem proper.
! The Offices of secretary and treasurer
may at any time be united by the stock
holders or by the board of directors, into
i 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 by ballot at the office of the company,
in accordance with such regulations as the
board of directors may determine, and AT
every such election and at all meetings OF
! the stockholders, each registered share
of stock shall be entitled to one vote. to be
cast by the registered owner or by his
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 win
the assent of three-fourths of the capital
stock outstanding at meeting OF the
stockholders convened for that purpose,
and after fifteen days written notice has
! been delivered in person or given by letter
mailed to the last known address of each
stakeholder. The said notices may be
waived by the unanimous consent OF all
the stockholders.
/ In case of the dissolution OF the corpor-
alton its affairs shall be liquidated by one
or more liquidatOrs elected by majority
vote of the stockholders with such pow
ers, cOmpensations and duties as the stock
holders may determine.
i ARTICLE IX-No stakeholder shall ever
be held liable for the faults or contracts
than the unpaid balance due to the cor
pOraton on the shares subscribed by him
nor shall any mere informality have th'
effect Of rendering the charter null or Of
exposing any stakeholder to any liability
beyond the unpaid balance due on nj
stock.
ARTICLE X-The subscribers heret'
have respectively written opposite thei
names the amount of stock subscribed b!
them in this corporation so that this &C
of incorporation may also serve as TN
original subscription list OF the corpora
. ton. and they have stated their post ONO,
addresses, so as to conform with ACT 20
] OF 1914.
Thus done and passed at my office II
the City of New Orleans, State OF Louisi
ana. on the day, month and year herein
after first above written. In the presence
. Of Louis Rosen and Il. +. Whitehead, com
petent witnesses of the full age Of ma
jority and residing in this city, who hay
bereunto signed their names with sail
appearers and me, Notary, after due reau
ing Of the whole. 49,
1Original signed) Bishop c. Perkins. 20
n. Peters ST., New Orleans. La, SO shares
r. A. Rainold. Sugar Exchange Bldg
VaIlee, 2O4 Decatur St. New Orleans. La
| 63 shares; J. c. LeBourgeois. Carondele
,, Bldg. New Orleans, La. 63 shares.
Witnesses: b. E. Whitehead, Loui
, "''eA' CHARLES RosEN.
: Notary Public
I. the undersigned Recorder Of Mort
cages. in and for the Parish of Orleans
State Of Louisiana, do hereby certify tina
the abobve and foregoing Act Of Incorpor
alton, of the Cuban Louisiana Sugars
Inc. was this day duly recorded in m,
office. in Book No. 1870. Folio
(Signed) ROBT. SCOTT.
Assistant Recorder Of Mortgages
New Orleans, La, Sept. Q, 1922.
, A true copy:
(SeaD CHARLES ROSEN
Notary Public