The herald., 1912-06-13
OF PEOPLES PRODUCE COMPANY

STATE OF LOUISIANA, PARISH OF Or
LEANS, CITY OF NEW ORLEANS.
Be 1t known, that on this third day Of the
month Of May, In the year one thousand
nine hundred and twelve, before me, Mark
Mayo Boatner, a notary public, duly COM
missioned and qualified In and for the city
Of New Orleans, parish and state aforesaid,
and In the presence of the witnesses herein
after named and undersigned, personally
came the persons whose names are hereunto
subscribed, who severally declare that they
do hereby agree and bind themselves and
their successors, to form corporation for
and stipulations contained in the following
charter:
ARTICLE I.
The name of the corporation hereby form
ed shall be Peoples Produce Company, with
its domicile in the City Of New Orleans the
term Of its corporate existence shall be
ninety-nine years from the date hereof and
it shall have all the rights, powers and priv
conferred upon like corporations by the laws
Of the State of Louisiana, or of any state or
country In which II shall do business. Ser
vice of citation and other legal process shall
be made on the president, or in his absence
on the vice-president.
ARTICLE ii.
The objects and purposes for which this
corporation is established, and the nature
Of the business to be carried on by 1T are de
clared TO be to conduct, within the state OF
Louisiana or elsewhere, a general merchan
disc and produce business to buy, sell and
receive, on consignment and otherwise, deal
In all sorts Of produce, fruit and other com
modities Of all sorts.
ARTICLE ILL.,.
The capital stock of this corporation shall
be fifty thousand $3.50 ,OO0) dollars, divided
into five hundred shares of one hundred dol
lars (s100.OO) each. Said stock shall b.
paid for in cash, when issued, or In such in
stallments, payable at such times as tn,
board Of directors may direct, or it may b
Inv ho of fha hos ri n
no less than par, for property or services &C
tually received by said corporation. Tit
said stock may be increased or diminished
| according to law. No stock certificate shall
be issued until the stock represented thereby
shall have been fully paid for. and no trans
fer shall bind the corporation unless and un
| til recorded on its books.
ARTICLE Nv.
The powers of this corporation shall b,
| vested in and exercised by a board Of di
| rectors, composed, until otherwise provided
| as hereinafter set out of three stockholders
| but the said board may. by law or resolution
| said board. After the second Tuesday o
January, 1915. the said directors shall b
elected annually on the first Tuesday Of Jan
uary of each year. Such election shall be b,
! ballot and shall be conducted at the ofic
| Of the corporation, under the supervision o
| two commissioners to be appointed by tn
| board, of which election notice shall b.
mailed to each stakeholder not more thai
twenty, nor less than ten days, prior to tn
| date of election. Each share of stock shall
| be entitled to one vote to be cast either II
| person or by written proxy. and the major
ity of the votes cast shall elect. Any vacan
cies occurring among the directors BY death
| resignation, Increase Of membership of tn
| board, or otherwise, shall be filled for tn
| remainder OF the term by the other directors
Failure to elect directors or officers shat
not dissolve or affect the corporation, Blu
| the directors and officers then In Office shall
| hold over until their successors shall b
elected. At its first meeting after election
| the Board of Directors shall elect fron
among their plumber, the following officers
| one to be president, another to be vice-presI
dent and third to be secretary treasure
and general manager. The said board shall
| have power to make and establish and fron
time to time, amend any and all bylaws
rules and regulations for the control of tn
business and affairs Of this corporation. l
shall have power to borrow money, receiv
| mortgages and pledges, issue bonds, note
and other obligations, and generany all othe
| things reasonably necessary or convenient 70
the carrying on Of the business Of the COZ
poration, without the necessity for refer
ence to; or consent or ratification BY tn
day Of January 1915, the following shal
| compose the Board of Directors l.. b. Hal
entos Thomas Sweeny and John A. Hillery
OF whom L. B. Hakenjos shall be president
| Thomas Sweeny shall be vice-president an
John A. Hillery shall be secretary-tre
and general manager.
| ARTICLE v.
This charter may NE amended or the col
poratiop be dissolved by vote Of three-fourth
Of the capital stock Of said corporation, r,
presented at any general meeting Of tn
stockholders, or at a special meeting Their,
Of convened after fifteen days notice, pull
lished three times In one of the daily new.
papers of New Orleans, and on the disst
luton of this corporation, the same shall
liquidated by its Board of Directors at ths
time in ofhce. Said corpora tion may be di
solved at any time, without publication Q
notice, by the unanimous consent Of all til
stockholders.
No stakeholder shall ever be held lab
for any Of the contracts, debts or faults (
this corporation In any further sum than th
unpaid balance due on shares Of stock owne
by him. nor shall any mere informality
Denomination have the effect Of rendering tn
charter null. or Of exposing any stockholds