The herald., 1922-02-23
CHARTER.

| TO and a part of the tobacco business
| And generally to do and perform any ana
all other acts and things necessary ana
incident to the carrying of and operating
] OF a general tobacco business in all Its
| forms and with all its necessary incidents
and concOmitants.
ARTICLE Iv-An citations and otl0
legal process shall be served upon the
president of the corporation, or, in MS
| absence upon the secretary -treasurer, or,
in the absence of both these officers, upon
! the vice-president. at the domicile OF SAID
corporation, as herein fixed
ARTICLE V-The capital stock OF this
! CORPORATION Is hereby fixed at the sum or
ten thousand dollars (SlO.O0OO0l, TO be
represented by one hundred lloo) SHARES
! Of the par value of one hundred dollars
(S100O0) each: provided that the corpora
ton may become a going concern, and be-
gin to transact business, as soon as one
half of its said capital stock has been
subscribed for. No stock shall issue uhtil
fully paid for in cash, in property, IN
valuable services, for other valuable
consideration; and all property transferred
to the corporation in payment of stock
issued by il shall be listed and appraised
as required by law.
ARTICLE VI-An powers of the cor
poration shall be vested in n board OF d.
rectors, composed of three stockholders
, go. except that the officers OF said cor
poration shall have and exercise the
powers granted to corporate officers by
Section l6 of Act No. 261 of 1914. \ ma
2 jority of the board of directors shall con.
srituie a quorum for the transaction of all
) business, and a majority vote OF the
. quorum present at any meeting shall be
), valid and corporate acts.
: Said directors shall be elected annual
A " on the first Monday Of January of each
: wear. except when said date shall fall on
= a Sunday or other legal monday, III "hlch
i event, said election shall be held on the
= day following. or as soon thereafter rs
e practicable, and they shall hold office FOL
: a term of one year or until their success
sors shall be elected and qualified.
Each stakeholder of record on the books
of said corporation shall be entitled Il
;, cast at such meeting, either In person oi
: by proxy. one vote for each share OF stocl
n held by him, and a majority OF the Sots
- east nj such meeting shall elect, or decide
!, any question before 1t. All meetings o
. said stockholders or directors shall b.
- held AT the domicile of the corporation
except with the written consent Oh pa, a.
i of directors may be held outside the state
a. or in the state, elsewhere than at IL
" domicile.
'r Any vacancy occurring, for any cause
a in the board of directors, between IN
p dates of the annual meetings herein pro
10 vided for. shall be filled by the remain
ing members OF the board OF directors
r Immediately after the election of the oil
D. rectors they shall meet and elect froI
OF their number a president, vice-preslden
u and a secretary treasurer, provided ina
q anN TWO OF more OF sdlu MAJ
Or consolidated and held by the same direc
u tor. The duties of the said officers sha
u he such as usually pertain TO the position
~, to which they are elected. and as sue
Id may be provided for in the bylaws: {
~ as may he designated by the board
Oh directors at any regular or special mee'
- ing.
a shall be held on the first Monday In Jai
" uary, 1923. subject to the foregoing Pre-
visions Until that time, the fOllowin
On shall act as the board of directors; \
,e Truman Woodward. Emile L. Suarez' an
ee until their successors are elected. the sal
y VI. Truman Woodward shall be presiden
eu the said Emile L. Suarez. vice-presiden
~, and the said Frank ID. Franklin. seer
al ARTICLE vII-The capital stock Of tn
u corporation may be increased up TO OF
tsu hundred thousand dollars tSlOO.ooo.oo
ne and to such amounts, from time TO tim
no as NAV be deemed necessary by the dire
tors TO carry on the business, provide
a, that any increase shall be made by vo
IT, of not less than two-thirds or all GU
~ standing stock; and provided further IN
an notice Of such meeting to increase
on CAPITAL stock or decrease the same, in a
~ cordance with law. shall be given as pr
"a vided by law. This charter may
~ ~. amended. or altered, in any respect
MS complying with the laws of the state
m, Iative TO the amendment of charters,
"a force at such time such amendment is CO
n, templated.
M ARTICLE vIII-This corporation m
iss be dissolved either by limitation or 9th
NJ wise and when dissolved. its affairs sh
u be liquidated by two commissioners. elet
NJ ed from the stockholders, which liquid
n. tors shall If required by the holders
-, not less than twenty hve per cent 60
o. of the outstanding stock. furnish DO
oil not greater than the appraised value
al the assets of the corporation. Said iq
~ dators shall remain in office until the
sn . fairs of the corporation shall he fully s
~ tied and liquidated, with full power a
ali authority to do any and all acts or thi1
20, necessary or proper. or conferred by Ia
NJ to wind up the affairs Of the corp'
,aI ton
naii ARTICLE IX-No stakeholder shall
10, held liable or responsible for the fau
RAJ or contracts of this corporation. or
ia any other matter or thing, for any furtl
'ses sum than the unpaid balance. II any.
~ upon the stock subscription, or vi
~ stock owned by him, nor shall any m
10 informality of the organization herr
~. have the effect of rendering this char
null. or of exposing any stockhoider
any liability or responsibility beyond
unpaid balance, IL any, of his stock 81
/, Thus done and signed by the part
N;o hereto this the 10Th day of January.
$50 II. 1922. in the presence OF me. nota
100 Witnesses: Ross +. Breazeale, tn
60 dore Roehl.
s nn ORIGINAL SIGNEDl:
+. II ,.s saS Ta,che1
u0" 10 shares; f. l.. Suarez. 24O2 Bourbon
ort- 81 shares. w >,opc,N crrpJE,
ans. W. Notary put
thatt A., ,., pooordar 10 NJ
o cages in and for the Parish Of Orlei
flee. SIate Oh Lou s sna,o ~ Act ~ Incorn,
Feb. me aoe'e a., anu naInses C;oar 20 Inc
~ this day duly recorded in my office.
der. bcoh iI G; toio d. ao,, 1000
In ROBT. SCOT
~ Deputy Recor
t III l. the undersigned notary. do her
o"'' certify the above and foregoing act to
true and correct copy.
W. MORGAN GURLE
GAR Notary Pull
Ieb. 16-Mch. %.