The herald. [volume] (New Orleans, La.) 1905-1953, 1912-06-06
OF PEOPLES PRODUCE COMPANY.


STATE OF LOUISIANA, PARISH OF Or
LEANS. CITY OF NEW ORLEANS.
Be it 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, 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 a corporation for
| the objects and purposes and under the terms
and stipulatlons contained In the following
charter:
The name Of the corporation hereby form
ed shall be: PEOPLES Produce Company, with
| its domitile in the City Of New Orleans the
| term OF its corporate existence shall be
ninety-nine years from the date hereof and
ii shall have all the rights, powers and priv
| ileges which are now or may hereafter be
conferred upon like corporations by the laws
| or 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-pres!dent.
| ARTICLE III.
The objects and purposes for which this
corporation Is established, and the nature
of the business to be carried on by it 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 III.
The capital stock of this corporation shall
| be fifty thousand $3.50, 000) dollars, divided
into five hundred shares Of one hundred dol
lars (s10OO0) each. Said stock shall be
paid for In cash, when issued, or In such in
| stallments, payable at such times as the
| board OF directors may direct, or Ii may be
issued by the direction Of the said board, at
no less than par, for property or services ac
| tually received by said corporation. The
said stock may be increased or diminished
according to law. No stock certificate shall
shall have been fully paid for, and no trans
| fer shall bind the corporation unless and un
til recorded on its books.
| ARTICLE w.
| The powers of this corporation shall be
| 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
| Increase or decrease the membership of the
| said board After the second Tuesday OF
| January, 1915, the said directors shall b.
elected annually on the first Tuesday Of Jan
| uary of each year. Such election shall be by
| ballot and shall be conducted at the Office
| Of the corporation, under the supervision OF
| two commissioners to be appointed by the
board, of which election notice shall bt
| mailed to each stakeholder not more thar
| twenty, nor less than ten days, prior to the
date of election. Each share Of stock shall
| be entitled TO one vote to be cast either In
person %. or by written proxy; and the major
Giles occurring among the directors by death
| resignation, increase of membership of the
board, or otherwise, shall be filled for tn,
| remainder of the term by the other directors
| Failure to elect directors or officers shall
| not dissolve or affect the corporation, bu
the directors and officers then in office shall
hold over until their successors shall b,
Ar.CN H.. ~
the Board of Directors shall elect from
among their number, the following officers
one to be president, another to be vice-presi
dent and third to be OBSERVATION-DISCLOSURES
and general manager. The said board shall
have power to make and establish and from
| time to time, amend any and all bylaws
rules and regulations for the control of tn,
business and affairs Of this corporation. Il
shall have power to borrow money, receiv,
mortgages and pledges, issue bonds, note.
and other obligations, and generaIy all othel
| things reasonably necessary or convenient foI
the carr carrying on OF the business Of the cor
ence to, or consent or ratification BY tn.
stockholders hereof. Until the first Tues
day OF January, 1915, the following shall
compose the Board of Directors J.. r Hak
enios, Thomas Sweeny and John A. HiiIery
of whom t. B. Hakenjos shall be president
| Thomas Sweeny shall be vice-president anC
John A. Hillery shall be secretary Treasures
and general manager.
ARTICLE v.
This charter may Ne amended or the cor
poration be dissolved by vote Of three fourth
of the capital stock Of said corporation. re
presented at any general meeting of tn
stockholders, or at a special meeting there
OF convened after fifteen days notice, pub
lished three times In one Of the daily news
papers OF New Orleans, and on the disso
luton of this corporation. the same shall b
liquidated by its Board of Directors at tina
! time In office. Said corporation may be dis
solved at any time, without publication o
notice, by the unanimous consent Of all tn
stockholders.
No stakeholder shall ever, be held liabl
for any of the contracts, debts or faults o
this corporation In any further sum than tn
unpaid balance due on shares Of stock owne
by him, nor shall any mere informality 1,
organization have the effect of rendering thi
charter null. or OF exposing any stockholde