The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-21
CHARTER
.ermine in accordance with law.

ueterH1ne IN accordance WIFI 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 first being offered i'll 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
Otner disposition OF encumDrance 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 or right acquired i'll violation oil
TINS 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 in the manner pre-
| scribed by law. The amount to which the
capital stock may be increased Is Two
! hundred and Fifty Thousand Dollars,
I $3.50. OOC .OO).
| ARTICLE VII-An the powers of this
| corporation shall be vested in and eNer-
cised by IL board OF four "a directors VINO
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 officers and dlree Ors
| 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,
! snail be filled by the remainder OF the
directors. Each of the directors shall own
in his own name at least one share of the
| al represented
any meeting of the board by any other
director by written proxy. lmmeulately
| or as soon practicable after their own
election, the directors shall elect from
among their own number, a president, a
| vice III esident. Il secretary, and treas
urer. The first board of directors anu
offices of this corporation and the post
Office addresses, who shall hOld once untli
the first annual netting or until their sue
cessOrs are elected and qualified, are as
follows: Bishop e. Perkins, 2O3 \. Peters
St. New Orleans, La, president Emile A
Rainold Sugar Exchange Building, New
orleans, La, yice-president; Joseph T.
! LeBourgeois. CarOndelet Building, New
(, Orleans, La. secretary; Philip f. Nallee
204 Decatur St, New Orleans, La, treas
urer.
The stockholders or the directors may
| at any time create or elect such other ON
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, lnto
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 snail
be by ballot at the office OF the company,
in accordance with such regulations as the
board of directors may determine, ana a,
every such election and at all meetings OF
the stockholders, each registered snare
Id vnf
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 aitereu
or said corporation may be dissolved WITH
the assent of three-fourths Of the capita
stock outstanding az meeting OF th'
stockholders convened for that purpose
and after fifteen days written notice ma
been delivered in person or given by letter
mailed to the last known address or eaci
stakeholder. The said notices may b.
waived by the unanimous consent OF al
the stockholders.
In case of the dissolution of the corpOr
alton it's affairs shall be liquidated by on
or more liquidators elected by maJorlt!
vote of the stockholders with such pow
J ers. compensations and duties as the STOCK
: holders may determine.
, ARTICLE IX-No stakeholder shall eve
be held liable for the faults or contract
of this corporation in any further sun
. than the unpaid balance due to the cor
DOratlOn on the SHARES SALES.--FUTURE ny
. nor shall any mere infOrmality have TN
: effect of rendering the charter null or 0
exposing any stakeholder to any liabilit
beyond the unpaid balance due on nj
stock.
ARTICLE X-The subscribers heret
have respectively written opposite thei
$ names the amount of stock subscribed D
them in this corporation so that this &C
: of incorporation may also serve as IN
], original subscription list of the corpora
: tion and they have stated their post Offic
: addresses, so as to conform with Act -
s OF 1914. =,
< Thus done and passed at my Office l
the City Of New Orleans, State Of Louisi
ana. on the day, month and year herein
after first above written, In the presenc
!. of Louis Rosen and B. Z. Whitehead, com
petent witnesses Of the full age Of ma
jority and residing in this city, who nav
bere1nto signed their names with sal
appearers and me. Notary, after due read
= ing of the whole. ~
Original signed Bishop G. Perkins. 20
f. A. Rainoid. Sugar Exchange Bldg
: New Orleans. La. SO shares; Philip I
: Vallee, 2O4 Decatur St., New Orleans, La
y SO shares; J. c. LeBourgeois. Carondele
: Bldg. New Orleans, La; 6S shares Ion,
9 ''O'e"' CHARLES ROsEN.
: Notary Publi
o T the undersigned Recorder Of Mort
: cages. in and for the Parish Of Orleans
J. State of Louisiana, do hereby certify this
! the abobve and foregoing Act Of lncorpol
h alton. of the Cuban Louisiana Sugar
a dnf was ia Book soos q Ny q 1s7s Folio
s (Signed) ROBT. SCOTT. .
! Assistant Recorder Of Mortgage
New Orleans. La, Sept. Q, 1922.
: A true copy:
IL (SeaD CHARLES koSE y,
= Sept. 14-0ct. 10.