The herald., 1912-10-17
scribed for.
ARTICLE v.

al
All the corporate powers of this corpora
tion and the management and control of Its
affairs shall be vested in and exercised by
board of directors, composed of three
stockholders, a majority of whom shall con-
stitute a quorum for the transaction of all
business. These directors shall be elected
annually by the stockholders at meeting
to be held at the domicile OF the corporation
on the first Tuesday of January OF each
year. Each stockholder 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 la office for one year
or until their successors shall have been
elected and have qualified. No failure 70
elect shall be regarded as forfeiture OF
| this charter. Any vacancy occurring In the
| board shall be filled by the remaining direc-
| tors for the unexpired term. The board or
| directors shall at their first meeting after
| their election, by viva vOce vote, elect from
among its number president ylce-presl,
dent and tary,treasurer. Inc salu
board of directors shall have power TO make,
and from time to time, amend, bylaws,
| rules and regulations for the conduct OF the
affairs of the corporation, and 10 employ
| and dismiss managers, clerks ana otner EN-
| plOyees of the corporation as the interest
| and business of the same may require. Inc
board shall also have full power and au.
thority to borrow money, issue notes ana
other obligations, and generally to do all
| things necessary for the proper carrying on
OF the business of the corporation. Any of
| the directors shall have the right to APP
| point by written instrument, another d.
rector or stakeholder to act as his 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 IA
, gusa as vice-president and Alfred Ragusa as
secretary-treasur said directors h, 20 ba I'd
| in January nineteen thirteen, or until their
successors are elected and qualified, said Of
fcers. however, holding their Offices only at
| the pleasure of the board.
ARTICLE vi.
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts Of this corporation, nor shall any mere
| informality In organization have the effect
of rendering this charter void or or expos
| ing a stockhOlder 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 OF the capltal
! stock of the corporation present or repre-
scented 10y written proxy at general meet,
ing convened for that purpose after legal
notice in writing shall have been given ven
through mail to each stakeholder at MS
| last known place of residence. In case OF
dissolution by the expiration of this char
| ter or otherwise the stockholders snail elect
4 one liauidator from among their number TO
| settle and wind up the affairs and business
| of this corporation.
| ARTICLE VIII.
| In order that this charter may act as the
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 num-
her Of shares subscribed by each.
| Thus done and passed, In my once IN the
| city of New Orleans, state OF louisiana
aforesaid on the day and the month and year
| Nessieurs VOORHEES, and Geo. Wolfe, com.
petent witnesses, who have hereunto signed
| their names with the said appearers, and
me- notary after due reading of the whole
Nv LEWIS r. GRAHAM,
Not. Pub
| New Orleans. La.
| /. the undersigned recorder OF mortgages
| In and for the parish Of Orleans, state Oh
Louisiana, do hereby certify that the above
and foregoing act of Incorporation OF the
| Ragusa Grocery Company, 1ncorporated, was
/ this day duly recorded In my ONCE In 0oos
| 1855, folio =. ~
/ New Orleans, La. Sept. q, 1912.
| (Signed) EMILE LEONARD, by. X
/ hereby certify that the above and fore
going is a true copy Of the original act on
i file and extant in my notarial records.
| New Orleans, Ia, Sept. u, 1872.
LEWIS X. GRAHAM, Not. Pub.
sept &c oct 8 10 IL "a 81