The herald. [volume] (New Orleans, La.) 1905-1953, 1913-08-14
CHARTER

CHARTER
OF SEGARI PRODUCE co.
United States OF America, State Of LouiSi
ana. city Of New Orleans.
BE II known. that on this twelfth day OF
the month Of July in the year one thousand
nine hundred and thirteen, before me, Felix
!. DreyfouS, notary public duiy commits
stoned and sworn in and for the parish or
Orleans and city Of New Orleans, therein
residing. personally appeared se persons
whose names ar" herruntO subscribed who
declared that, ayailing themselves OF the
provisions OF the laws OF this state relative
To the organization OF corporations, they
have cOycnauted and agreed, and do, by
these presents covenant and agree. bind.
form and constitute themselves. as well as
such other persons who may hereafter join
or become associated with them into a
corporation and body polite in law FOR the
- jpCtS and purposes and under the agree
mCnts and StipulationS following tO-wit:
Article THE name and style Of this
corporation shall be "Segari Produce Co
and under that name II shall have and en-
joy all the rights and privileges granted by
law 10 corporations ii shall exist for
period of ninety nine years from this day
IL shall have power TO contract, she ana be
sued in its corporate name: to make and
use a corporate seal: TO hold receive, pur-
chase. convey, mortgage, HEpothecate or
pledge property both real and personal; 10
Issue bonds. notes and other obligations
to have and employ such managers direc-
tors. officers agents and other employees
as the interest and convenience of said cor
J DOratlOn may require, ana 10 make ana
establish such bylaws, rules and regulations
| for the proper management and control Of
! the affairs Of said corporation. through It's
| board OF directors, as may be necessary and
/ eIpedient
! 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 vice-president,
| and, In the absence OF both, on the Secre-
| tary-treasurer OF said corporation.
| Article III.-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- 10 buy and sell, and to con-
sign and receive on consignment, fruit pro-
duce and other merchandise and commOdi-
ties Of every nature, kind and description.
/ Article IV.-The capital stock of This cor
l poration is hereby fixed at the sum of TWEEN.
4 ty-1ve 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 may
elect. All shaes OF stock shall be full-paid
and worcestershire. No transfer OF stcck
less made upon Its books. and all certih
Gates OF stock shall be signed by such on
GERS as may be designated by the board OF
Article v-All the corporate powers OF
the corporation shall be vested in, and the
, management and control OF It's affairs shall
| ne exercised Dy, BOARD or directors com
posed of three stockholders. two of whom
shall constitute a quorum for the transac
ton OF all business The directors shall b,
elected by the stockholders on the third
Monday OF July OF each year. Each stock
holder shall be entitled, In person or by
proxy, TO a vote for evrey share owned by
) him, and all elections shall be held under
such rules and regulations as may be deter
/ mined ~ the board OF directors. The di
rectors thus elected shall continue in ofic,
for one year. or until their successors hay'
been duly elected and have qualified NJ
failure to elect shall be regarded as a for
D fixture OF this charter Any vacancy occur
ring on said board shall be filed by tn,
I remaining directors for the unexpired term
The board OF directors shall at its frs
Z meeting after its election, nominate out O.
: Its number president. vice-president anC
S a secretary-treasurer Said board shall hay'
e the right to segregate the Office of secre
+ tary-treasurer and may appoint a secretar.
e who need not he either a director or
e stakeholder; and It shall employ and dis
i miss such clerks, managers and other EN-
|, ployes OF the corporation as the interes
: and business OF the same may Justify. An!
q of the directors or officers shall have tn
right to appoint, by written instrument, an
o other director or stakeholder to act as hi
{ proxy and in his stead at any and all meet
!, ings of the board Of directors.
o Article VINO stakeholder shall ever b
/ held liable or responsible for the contracts
q faults or debts OF this corporation, no
i shall any mere informality in Its organize
A ton have the effect OF rendering this char
: Ter VOlO, or OF exposing SCOck0Oluer an
/. liability beyond the unpaid balance due OF
d the shares owned by him.
4 Article VI1.-This act OF incorporation
d may be changed modified, altered, or thi
Q corporation may be dissolved with the as
q sent Of the stockholders owning three
fourths OF the stock Of the corporation, pres
5 ent or represented, at general meetin
east ten iS days "A written notice has 'e bes
). given through the mail to each stockholde
e at his last known place Of residence. 1
case OF dissolution by the expiration Of thi
l. charter, or otherwise, the stockholders sha
II elect three llquldatOrs from among thei
It number to settle the business and AFFAIR
r OF the company. In case OF the death o
II disability Of any one of said commissioner
E. or liquidators, the survivors shall appoin
N a successor TO him.
lr Article VIII.-This corporation shall b
a going concern as soon as ten thousand do
II lars shall have been subscribed TO its cal
- ital stock.
d Immediately after the signing OF tn
Sc charter the stockholders shSr meet an
L. elect from among their number a board {
lie directors to serve until the election to |
Id held in July, 1912.
a Thus done and passed in my Office. 0
rs the day, month and year, first above writer
v in the presence Of Frank B. Twomey an
d. Joseph L. Weiss, competent witnesses, WI
Sc have signed with the appearers and me, II
A. notary, after reading the whole.
err Original signed: Names OF subscribe
I'd and number of shares subscribed by the
ce omitted F. B. Twomey, J. L. Weiss.
ID FELIX ]. DREYFOUS, Not Pub.
r. /, the undersigned recorder of mortgag
es for the parish of Orleans, state of Louis
o. ana, do hereby certify that the above al
OF foregoing act of Incorporation of the as
Mt gari Produce Co" was this day duly r
IN corded In my ONCE in book 1888, folio =
New Orleans, July Il, 1913.
at tSigned) EMILE J. LEONARD, by.
rs A true copy from the original act.
es FELIX J. DREYFOUS, Not Pub
r. 204 Carondelet street New Orlear
rs july IL "A 81 aug Z IA 81 1913
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~ CHARTER
~ OF ORLEANS CIDER g. VINECAp 70