The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-26
CHARTER
OF -IAGUSA GROCERY CoMPANl- IN
CORVORATED.
UNITED STATES or AMERlCA; S y n.

OF Atrl SA ApAi All -
CORlORATEll
UNITED STATES OF AMERICA; SIA AZ
OF TOV-ISIANA. PARISH OF ORLEANS
CITY or NEW ORLEANS
Know all men by these presents. that on
ths twenty-sixth day OF the month Of Au,
gust. in the year nineteen hundred anu
twelve (I9l2l. before NE L,-~ls kSs>he5
Graham q notary public duly ocnmlss fSaeo
and qualified in and for the city OF New
orleans parish and state Aforesaid and IN
the presence Of the witnesses herelnaller
named and undersigned. personally came
and appeared the several persons 49,
narseS arr herpuniO subscribed who declared
that. availing themselves % The Laws OF ne
state Of Louisiana. in such CASES made anu
provided and more particularly OF act No
as OF 1904. they have ooyenanted ana a-rcr1-
and 40 hereby agree and mutually covenant
for themselves their SUCCESSORS ana tnose
who nav hereafter become associated VIA
them. 10 form corporation Tor me oo1ects
and ourvso<-S and under the conditions ana
SfipsjatSons contained in the following char
Ter. viz:
The name and STYLE Of this cOrDOra1l bon
shan 10 The -Ragasa Grocery Company. In
cOrx,orzted- and under thst name II sh2h
have and enjoy all the rights adVanIsSte
and pri-ile<es granted by law TO eoT1oTa-
tions II shall exist for period Of ninety
nine years from the date hereof: II shA y
have power TO contract. sue and Be sued
under its said corporate name: 70 MAKE sno
Sse q corporate seal and the same 20 break
or alter Al pleasure: 20 have and employ
such mana gers. directors. ofncers- agents ara
other employees as the interest and eonIe-
nieaoe Of said corporation. and 10 make
and establish sneh bylaws. rules ana reSu,
hsrtons for che corporate management ana
control Of the affairs Of said corporation IS
may Be de~med necessary and expedeot
said corporation shall also have po~ef 20
hold. receive purchase, hypotheeste- con
vey sell. lease OF pledge such real OF per
sonal property as pertains 10 the Objects
and purposes for which this corporation L
ARTICLE IL
The domicile of said corporation shall q
in the city Of New Orleans state Of D0uisi-
ana and all citations and all other Legal
process shall b served on the orncers OF
the corporation as the law directs
ARTICLE Ill
The object and purposes for which this
csDrrsornrion j. ORGANIZED. and the nature oil
the business 20 he carried on by il, are here
by declared 20 BE: To carry on the grocery
business both wholesale and retail: 10 buy
and sell all merchandise that pertains e
said grocery business: TO establish branch
stores: and to receive and handle goods and
merchandise on commission and generally
to do and engage in any other business. IN
growing out of gerznane or Incidental q
any Of the purposes herein above set out OF
contemplated By this charter
ARTICLE ".
\ The capital stock Of this corporation 1;
hereby declared 10 Be the sum Of ten thou
Of one hundred dollars each said stool
may be paid for In cash or In property
merchandise. labor or services made or ren
dered TO this eorporstsss' cash s'cSS sun
and AZ such times the board Of director
may prescribe The capital stock Of thu
company may be Increased or decreased By
vote of the stockholders in accordance Will
the laws governing Increasing or decreasing
the eapksl stock OF corporations. This cor
porzti0n shall begin its business and becom'
dollars Of its stock shall have been sub
ARTICLE V.
All the corporate powers Of this corpora
lion and the mana cement and control of III
Affairs shall he vested In and exercised b.
hoard OF directors. composed Of thre'
stockholders. a majority OF whom shall con
stitate quorum for the Transaction OF Al
Annually By the stockholders At meerin.
10 he held at the domieile OF the corporation
on the hrst Tuesday Of January OF ezcl
year Each stakeholder shall be entitled
each share OF stock owned BY him and al
elections shall he held under such rules ans
regulations as may be determined by tbs
board Of directors The directors thu
elected shall continue IA once for one veal
or until their SUCCESSORS shall have beer
elected and have qualified No failure g
elect shall be regarded rs forfeiture Of
this charter. Any vacancy occurring in th'
board shah be hlled by the remaining direc
fors for the unexpired term The board Of
directors shall at their frst meeting after
their election. by viva yoce vote. elect from
among It's number q president yice-presi
dent and q Secretary-treaSurer- The said
board Of directors shall have power 10 make
and from time TO time. amend. bylaws
rules and regulations for the conduct Of th<
Affairs Of the corporation and % employ
and dismiss Managers, clerks and other EN-
pioyees Of the corporation as the interest
and bushes Of the same may require; Ths
board shall also have full power and au-
thority 90 borrow money. issue notes and
other OBLIGATIONS. and generally 70 do al
things necessary for the proper carrying on
OF the business Of the corporation Any OF
the directors shall have the right 20 ap-
point by q written Instrument, another dt
rector or stockhoider 10 act as his proxy
Snd In his stead at any and al meetings Of
the board Of directors
The first board OF directors Of this cor
pcrx<fOn shall consist Of Joseph Rax1sa,
Safvedcre Rsgusa and Alfred Rzguse. with
Jo<eph Rs<uss as president. Salvatore Rs-
xuSa a. rice-pre<idenf and Alfred Raggs2 as
secretary treasurer. said directors 10 re
main In once until the election 90 BE- held
IN January. nineteen thirteen or until their
SUCCESSORS are elected and qualified. said Of
fcers however holding their Offices oaly af
the pleasure OF the board
ARTICLE VI
No stock holder shall ever be heId iish2e
or responsible for the contracfx faults or
dezts Of this corporation nor shall any mere
inforEsiifr In organization hare the tkect