The herald., 1913-07-17
CHARTER
OF SEGARI PRODUCE co.
United States OF America, State of LOuisi-
ana, City OF New Orleans


United States OF America, State of IOusi-
ana. city OF New Orleans
Be 1t known that on this twelfth day Of
the month Of July in the year one thousand
nine hundred and thirteen, before me, Felix
J. DreyfOus. notary public duly commits
stoned and sworn In and for the parish of
Orleans and city Of New Orleans, therein
residing, personally appeared the persons
whose names are hereuntO subscribed, who
declared that, availing themselves of the
provisions OF the laws of this state relative
TO the organization OF corporations. they
have c0venanted and agreed, and do. by
these presents, covenant and agree bind
form and constitute themselves, well as
such other persons who may hereafter join
or become associated with them into
corporation and body polite in law for the
objects and purposes and under the agree
ments and stipulations following to-wit:
Article 1.-The name and style of this
corporation shall be "Segari Produce Co"
and under that name 1t shall have and en-
JOY all the rights and privileges granted by
law to corporations; II shall exist for a
period of ninety nine years from this day !;
sued In Its corporate name to make and
use a corporate seal: to hold, receive, pur-
chase, convey, mortgage, nypothecate or
pledge property both real and personal; to
Issue bonds notes and other obligations |;
to have and employ such managers, drec-
tors, officers, agents and other employees
as the interest and convenience of said cor
poratlon may require and to make and
establish such bylaws. rules and regulations
for the proper management and control of
the affairs of said corporation, through Its
board OF directors, as may be necessary and
expedent.
Article 1.-THE domicile Of said corpor-
alton shall be In the city of New Orleans,
In this state, and all citations and other
legal process shall be served on the presi-
dent; In his absence, on the vce-president.
and, In the absence OF both, on the secre-
tary-treasurer OF said corporation.
Article IlI.-The objects and purposes of
this corporation, and the nature of the bus
mess TO be carried on by II are hereby de-
clared to be, to buy and sell, and TO con-
sign ana receive on consignment, fruit, pro-
duce and other merchandise and commodi-
ties Of every nature, kind and description.
Article Iv.-The capital stock of~fhis cor
poration Is hereby fixed at the sum of twen.
ty-nve thousand dollars, to be represented
by two hundred and fifty shares OF the par
value OF one hundred dollars each which
shall be paid for In cash when subscribed
for: for the purchase of property for labor
performed, or for services rendered TO said
corporation. as the board Of directors NAV
elect All shaes OF stock shall be fun paid
and non-aSseSsable. No transfer of stock
shall he binding upon this corporation un-
less made upon Its books. and all certih- |
Gates or stock shall be signed by such off, |
GERS as may be designated by the board OF
Article V.-All the corporate mowers Of
the corporation shall he vested In. and the |
management and control OF it's affairs shall |
be exercised by, a board of directors com
posed OF three stockholders two OF whom
shail constitute quorum for the transac- |
ton OF all business. The directors shall he |
elected by the stockholders on the third |
Monday OF July Of each year. Each stock |
nolder shall be entitled in person or by |
pIoAy. 70 vote Tor evrey share owned by |
&plm, and all elections shall he held under
uch ru,cs and regulations as may he deter |
hlned D. the board OF directors The al !,
|rectors thus elected shall continue in office
Tor one year; or until their successors have
been duly elected and have qualified No
failure TO elect shall be regarded as a for
feiture OF this charter. Any vacancy occur.
ring on said board shall he filled nv tbe |
rs rssmaining directors for the uncDpired term. /
The board OF directors shall at its drst |
meeting after Its election. nominate ont OF |
It's number president. n vice president end
a secretary treasurer. Said board shall have
ary-treasurer and NAV appoint a secretarr
who need not be either a director or |
stockholder; and IL shall employ and dis.
miss such clerks, managers and other en-
ployes or the corporation as the interest
and business Of the same may Justify, AnyI
or the directors or officers shall have the
rignt light to appoint. by written instrument, an.
other director or stockholder to act as his
proxy and In his stead at any and all meet
ngs or the board Of directors.
Article Vino stockholder shall ever be
,eh, liable or responsible for the contracts,
hall any mere informality In its organizs.
Ion have the effect OF rendering this char
er void, or OF exposing a stockholder TO any
,,aolIity oeyond the unpaid balance due on
be shares owned by him I
Article VII.-Thfs act OF incorporation q
lay be changed, modified altered. or this '
orporation may be dissolved with the as 7
mt OF the stockholders owning three t
'urths OF the stock OF the corporation, pres s
1t or represented at a general meeting d
'nvened for that purpose and after at D
asst ten days written notice has been ;
ven through the mail to each stockholder e.
his last known place of residence Tn o.
Sc Of dissolution BY the expiration Of this IL
arter, or otherwise, the stockholders shall n
ct three iiquidators from among their I'll