The herald., 1913-11-20
CHARTER
OF THE GULF VERDTRA FRUIT COM



United States Of America. State of LouiSi-
ana. Parish Of Orleans, City Of New
Orleans
Re il known that on this fourteenth day
Of the month Of November. in the year one
thousand nine hundred and thirteen, before
me, John X. Upton, a notary public in and
for this city and the parish OF Orleans.
state of Louisiana. therein residing. duly
commissioned and qualified. and in the pres
encc of the witnesses hereinafter named and
undersigned. personally came and appeared
the several persons whose names are here
unto subscribed. all Of the full age of ma
jOrity and residing in this city Of New Or
leans. state OF Louisiana, who declared that
availng themselves Of the provisions of
the laws Of this state relative to the or
ganiZatiOn Of corporations they hereby form
themselves into and organize a corporation
for the objects and purposes and under the
stipulatiOnS hereinafter set forth. tO-wit
Article 1.-The name and title Of this
corporation shall be the Gulf Verdura Fruit
Company. and by that name IL shall have
and enjoy succession for a term Of ninety
nine years from the date hereof unless soon
er dissolved. II shall have power 10 sue
and be sued TO borrow money hold. pur-
chase. lease. sell and hypothecate real and
personal property in the state OF Louisiana
or elsewhere; to make and use corporate
seal: TO name and appoint directors. man
ayers and agents. and 10 establish such by
laws. rules and regulations for the manage
ment Of the business and acairs Of the said
corporation as may he necessary. the same
TO alter at pleasure: also 10 make and
issue DOnOS or Otncr evidences 81 Uebt, ana
10 secure the same by mortgage Of other
wise.
Article 1.-THE domicile Of this corpor
alton shall be in the city Of New Orleans.
Louisiana. and all citations and other legal
process shall be served on the president. in
his absence on the vice-preSident and in
the absence OF both on the secretary-treas-
urer.
Article III.-The objects and purposes for
which this corporation is organized and the
nature of the business TO be carried on by IL
are hereby declared to be the general commits
sion business in fruits, vegetables and all 9th
err produce, and to that end buy and sell the
same either for its own account or as broker,
agent or representative of others; 10 buy,
purchase, lease or otherwise acquire lands
for the purpose Of farming or in connection
with its business, and to farm, work and
| cultivate the same either by itself or through
others to lease, suitcase or sell any land
| or other property that it may acquire; TO
| reclaim and improve any and all lands that
| Ii may acquire so that cultivation will be
practicable, and to erect such houses, ten
ements and stores as may be necessary TO
| said business, as well and TO purchase stock,
| implements and machinery that may be re-
| CURED, and to operate the same, and gen
| orally to do or engage in any other bust
| ness undertaking or enterprise connected
with or incidental to any of the purposes
| hereinabOve set forth.
| Article IV.-The capital stock of this
| corporation Is hereby fixed at thirty thou.
sand 30,O0O.00l dollars, to be divided into
| three hundred 1900 shares of the par value
| OF one nunureU tSlOUUOD 0OllarS eaCD
which said shares shall be paid for in cash
property for labor and services rendered
This corporation shall become going con
| Germ when ten thousand ($1O,0O0.OO) dol
| lars are subscribed to its capital stock.
Article V.-All the powers of this cor
| pOration shall be vested in a board of di
! rectOrs to be composed of three stOckhOld
| ers, two Of whom shall constitute quorum
F.. for the transaction of business, and they
| shall hold office until the first Monday il
December. 1914, or until their successor
| shall have been duly elected.
| Any failure to hold an annual mcctin!
| shall not cause a forfeiture Of this act o.
| Incorporation, and any vacancy occurring
in the board of directors, from any cause
| shall be filled by the rema lining directors
| The board Of directors shall elect iron
among their number a president. vice-presi
dent, and from among their number, or 9th
| erwise a secretary trea surer. and shall ar
| point such agents and employees and man
ayers as may be necessary, and shall ii,
their compensation. The said board of di
rectors shall have the right TO dismiss SAT-
employees at pleasure
| Until their successors are duly electe
and qualified the following named person
shall constitute the first board Of direC
4. Tinaglia and Mike Megna, with Antoni
ID. L. Niggiana president, Mike Megna, vice
president and Alfred A, Tinaglia, secretary
| treasurer.
All acts Of sale, purchase. lease or other
shall be signed by the president, or in cas-
Of his absence or inability 10 act by tn
| vice-president.
Article Won the first Monday in d,
cember, 1914, and annually thereafter, Their
| shall be held a meeting of stockholders I
elect directors for the ensuing year whic
meeting shall be called after ten days nc
tice: said notice to be deposited in tn
mails, postage prepaid, and directed to eac
; stakeholder at his or her address. At sal
meeting the Directors shall be elected b
ballot and a majority OF the votes cas-
shall be necessary to elect, and each shar
of stock shall be entitled to one vote. Th
, shareholders shall vote in person or b
written proxy. Only shareholders shall b
eligible as directors.
Article Vino stock shall be trans
, ferred except upon the books Of the cOrpC
ration. No stakeholder shall be held liabl
for any contracts, faults or debts Of thi
A., corporation, in any further sum than III
unpaid balance due on their respectiy
shares.
, Article VIII.-This act Of incorporate
may be changed. modified or amended, {
this corporation may be dissolved by a vO'
OF three-fourths of the stock represented
a general meeting held for that purpose, a
ter due notice shall have been given in Il
manner provided for in Article VI, and
= case Of dissolution or termination of tn
act of Incorporation, three commissions
T elected by stockholders at a general NEE
q ing held as above set forth shall liquida
this corporation and the said commissio
ers shall remain In office until the affairs
4, the corporation shall have been Iquidate
O In case of the death or inability Of one
more of said commissioners, the surviv
or survivors shall continue 70 act.