The herald., 1912-05-09


Be 1t known. that on this third day Of the
month Of May, in the year one thousahd
nine hundred and twelve. before me, Mark
MAYO ROatner, a notary public, duly com
mssiOned and qualified in ana Tor 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 anu
their successors To form a corporation Tor
the objects and purposes and under the terms
and stipulatiOns contained in the following
charter: |
ARTICLE l.
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 shal Ds
ninety-nfne years from the date hereof ana
il shall have all the rights, powers ana PRIV
ileges which are now or may hereafter be
conferred upon like corporations by the laws
of the State of Louisiana, or OF any state or
country in which 1t shall do business. Ser.
vice Of citation and other legal process snail
be made on the president, or in his absence
on the vice-presldent.
ARTICLE H.
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 10 be to conduct, within the state OF
Louisiana or elsewhere, general merchan,
disc and produce business TO buy, sell ana
receive on consignment and otherwise, deal
in all sorts of produce, fruit and other CON-
modities of all sorts.
ARTICLE III.
The capital stock of this corporation snail
he fifty thousand $3.50, 0OO) dollars, divided
into five hundred shares Of one hundred d9l
lars CS1OO.OOD each. Said stock shall be
maid for In cash, when issued, or In sucn IN
stallments. payable at such times as the
board of directors may direct, or II may DE
issued by the direction or the said BOARD AT
no less than par, for property or services ac-
tually received by said corporation Inc
said stock may be increased or diminished
according to law. No stock certlhcate snall
be issued until the stock represented thereby
shall have been fully paid for. and no trans
fer shall bind the corporation unless ana I'M
ill recorded on its books.
ARTICLE ".
The powers Of this corporation shall be
vested in and exercised by board OF dl-
rectOrs, composed, until otherwise proVideu'
as hereinafter set out, Of three stockholders,
but the said board may, by raw or resolution,
Increase or decrease the membership OF the
said board. After the second Tuesday OF
January 1918, the said directors snail De
elected annually on the first Tuesday OF Jan
uary of each year. Such election shall be by
ballot and shall be conducted at the ONCE
of the CORPORATION, under Inc SupeTNlslOn VI
two commissioners to be appointed by the
hoard of which election notice shall De
mailed TO each stakeholder not more tnan
twenty nor less than ten days, prior TO the
date OF election. Each share OF stock shaH
be entitled to one vote to be cast either In
person or by written proxy, and the major
ity of the votes cast shall elect. Any vacan-
cies occurring among the directors DIV deain,
board or otherwise, shall be hlled Tor the
remainder of the term by the other directors
Failure to elect directors or Omcers snall
not dissolve or affect the corporation, Dut
the directors and officers then in office shall
hold over until their successors shall DE
elected At its first meeting after election,
the Board of Directors shall elect from
among their number. the following officers
one TO be president, another to be vice-presl-
dent and third TO be secretary-treasurer
and general manager. The said board snail
have power to make and establish and from
time to time amend any and all bylaws,
rules and regulations for the control or the
business and affairs of TINS corporation. Ii
shall have power to borrow money; reoet tos
and other obligations, and generally all other
things reasonably necessary or convenient Tor
the carrying on OF the business OF the cor
poratiOn, without the necessity Tor reIer-
ence 10, or consent or ratification by the
stockholders hereof. Until the first Tues
day of January, 1915, the following shall
compose the Board OF Directors l.. b Hak-
enios, Thomas Sweeny and John A. Hillery.
of whom IA B. Hakenjos shall be president,
Thomas Sweeny shall be vlce-president and
John A. Hillery shall be secretary-treasurer
and general manager.
ARTICLE V.
This charter may ne amended or the cor
poration be dissolved by vote of three fourths
OF the capital stock of said corporation, re-
presented at any general meeting OF the
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 be
liquidated by its Board Of Directors at that
time in Office. Said corporation may be dis
solved al any time, without publication oil
notice. by the unanimous consent Of all the
stockholders.
No stockhOlder shall ever he held liabl,
for any of the contracts, debts or faelts Of
this corporation In any further sum than th'
unpaid balance due on shares OF stock owned
by him, nor shall any mere infOrmality IN
organization have the effect of rendering thi
charter null, or of exposing any stockhOlde
TO any liability beyond the amount remain
ing due on his stock.
ARTICLE VI.
This corporation shall commence doinG
business and become going concern as sooT
as three thousand dollars (S3, 000.00) of IL:
capital stock shall have been subscribed for
In order TO organize the said corporation
and TO stand and serve as the original sub
scription list thereof. the undersigned hereby
severally subscribe TO the number of shares
of Its stock set after their respective names
Thus done and passed, In my Office. at the
City of New Orleans, on the day. month and
year herein first above written, in the pres
eIrce of Andrew NJ. Buchanan and L. Earle
Bellande. competent witnesses here residing,
who sign their names, together with said
appearers and me, Notary, after reading of
the whole.
NAMES OF SUBSCRIBERS OMITTED.
Witnesses A. NJ. Buchanan, l. Earle Bel
iande.
NJ NJ BOATNER, Notary Public.
Recorded In the Mortgage Office, book No.
1855, folio =. New Orleans La, May 3,
1912
(Signed) EMILE LEONARD, D. R
true copy:
NJ NJ BOATNER, Notary Public
may 16 % 80 june ID 1912