The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-03

dollars of its stock shall have been sub
ARTICLE V.
All the corporate powers Of this corpora
tion and the mana cement and control of its
affairs shall be vested in and exercised by
board of directors, composed or three
stockholders, n majority of whom shall con,
stitute q quorum for the transaction OF all
business These directors shall be elected
annually by the stockholders at meeting
to be held al the dOmicile of the corporation,
on the first Tuesday of January OF each
wear Each stakeholder shall be entitled.
in person or by written proxy, to vote Tor
each share of stock owned by him and all
elections shall be held under such rules and
regulations as may be determined by the
board of directors. The directors thus
elected shall continue In Office for one year
or until their successors shall have been
elected and have qualified. No failure 10
elect shall be regarded as forfeiture OF
this charter Any vacancy occurring in the
ard shall be filled by the remaining dlrec,
tors for the uneXpred term. The board or
directors shall at their first meeting AFTER
their election, by viva yOce vote. eject from
among it's number a president, a yiceIpreSl-
dent and a secretary-treasurer. The said
board of directors shall have power TO make,
and from time to time, amend, bylaws,
rules and regulations for the conduct or the
affairs of the corporation. and to employ
and dismiss managers, clerks and other EN-
plOyees of the corporation as the interest
and business of the same may require. Inc
thority TO borrow money, issue notes and
other obligations, and generally 10 DO all
things necessary for the proper carrying on
of the business of the corporation Any or
the directors shall nave the right 70 az
point, by a written instrument, another d.
rector or stakeholder to act as MS proxy
and In his stead. at any and all meetings OF
the board of directors.
The first board of directors of this cor
poration shall consist of Joseph Ragusa.
Salvatore Ragusa and Alfred Ragusa, with
Joseph Ragusa as president. Salvatore Ma
g1lsa as vice-president and Alfred Ragusa as
main in Office until the election to be held
in January, nineteen thirteen. or until their
successors are elected and qualified, said Of
ficers, however, holding their offices only al
the pleasure Of the board.
ARTICLE vi.
No stakeholder shall ever be held liable
or responsible for the contracts, 1aults OF
debts Of this corporation nor shall any mere
informality in organization have the eject
of rendering this charter void or of expos
ing a stakeholder to any liability beyond the
unpaid balance due on the shares OWNED by
him.
This act Of incorporation may be changed
modified or altered, or this corporation may
be dissolved with the assent OF Its stock
holders owning three-fourths or the capital
stock of the corporation present or repre-
sented by written proxy at general meet
ing convened for that purpose after lega
notice In writing shall have been given
through mail to each stockholder at us
last known place of residence. In case oil
dissolution by the expiration OF this cnar
ter or otherwise, the stockholders shall elec'
one liauidator from among their number &c
settle and wind up the affairs and business
of this corporation.
ARTICLE VIII.
In order that this charter may act as me
original subscription list made for the pur
pose of organizing this corporation, the In
corporators have signed their names hereto
and placed opposite to their names the mum
her OF shares subscribed by each.
Thus done and passed, In my ONCE In tn'
city of New Orleans, state OF LOUISIANA
aforesaid on the day and the month and yea
Nessieurs VOORHEES, and Geo. Wolfe, com
petent witnesses, who have hereunto signed
their names with the said appearers, ant
me- notary, after due reading OF the whoie
NV LEWIS X. GRAHAM.
Not. Pub
New Orleans, La.
/ the undersigned recorder OF mortgages
in and for the parish OF Orleans, stare o.
Louisiana, do hereby certify that the aDov'
and foregoing act of Incorporation OF I'M
Ragusa Grocery Company, Incorporated, wa.
this day duly recorded in my office In boo'
1858, folio =. - ,o,o
New Orleans, Ia. Sept. u, 1917.
(Sigued) EMILE LEONARD, by.
I hereby certify that the above and fore
going is a true copy OF the original act oi
file and extant In my notarial records.
New Orleans. Ia, Sept. II, 1917.
LEWIS r. GRAHAM, Not. Pub.
Sant % OFT 2 10 IL "a 81