The herald., 1913-07-17

| JectS, ana under lhe SllpuldtlolS anu
articles and conditions, following, to-
\ wit:
ARTICLE This corporation shall
| be known as the "THEO. J. LALA,
LTD" and its domicile shall be in the
City of New Orleans, State of Louis
| lana. The President of the Board of
| Directors thereof. or in his absence the
Vice President, shall be the proper per,
| son on whom citation or other legal
process shall be served; and said cor
| poration shall exist and have and en-
| 10y succession, under its aforesaid cor
porate name. for the full term and
| period of ninety-nine years from and
after the date hereof, and shall have
| power and authority to contract. sue
and be sued in its corporate name, to
make and use a corporate seal with
such device as may hereafter De deter
mined upon; the same to break, alter,
and amend as might be deemed proper;
| to make and establish such bylaws,
rules and regulations for the proper
management and regulation of the al
fairs OF said corporation as may be
necessary and proper, and the same 10
change. alter and amend at pleasure; to
| borrow money. make notes, bonds, or
| obligations and to pledge its capital
stock; to hold, lease, receive, purchase
and convey as we'll as to mortgage and
hypothecate, under it's corporate name,
property both real and personal.
ARTICLE 1.-THE objects and pur-
poses for which this corporation Is
| formed are declared to be as follows:
To conduct a retail grocery business in
all it's branches, and departments, and
add thereto such other lines as may be
deemed proper and appr0priate o. mere he-
pothecate and lease real estate, i'm
| proved or unimproved in this City ana
| State; to build upon and improve such
real estate: to receive and otherwise
| ACQUIRE and dispose of real estate. To
attend to the collection of rents of real
estate. and the lease of same; to bor-
row money, and secure the same by
mortgage. hypothecation and pledge,
| and to lend money. and secure the same
| by mortgage, hypothecation and pledge,
and to issue bonds, to buy. sell, deal in
i and hold stock in other corporations
as we'll as bonds, and other evidence of
debt and vote the same at all meetings
of such other corporations; to acquire
any assets, real or personal, that may
| be necessary and useful for the fulfill
ment Of the objects and purposes OF
this corporation, and generally and spe-
cially hold and exercise all such Incl
dental powers and privileges not ex-
pressly excluded herefrom, as relate to
the objects and purposes hereinabove
set forth.
ARTICLE III-The capital stock OF
this corporation is hereby fined n at ane
($100, 900. 00) to be represented by lO0'
shares of the par value of $4,000 each
payable in full at the time OF the SUB.
scription. The Board OF Directors shal
have the right to issue shares of stock
, only for cash. services rendered mer
chandise, property, or other vaiuapl'
considerations. as they may see MT.
ARTICLE IV-The corporate powers
, of this corporation shall be vested II
! and exercised by Board of Directors
three in number. selected from TN
stockholders OF this corporation; am
] dent and Secretary-T Treasurer, any TIVE
of whom will constitute quorum 10
the transaction of corporate business
4 ~ Zho h
3 elected at a meeting of stockholders Z
. be held after the signing of this char
ter. Said Board of Directors and OH
, GERS shall remain and hold once 10
one year from the date OF their cleo
ton, or until their successors have bee
!, duly elected and qualified. which cleo
Z ton shall take place on the third Mon
e day in June. 1914, and annually there
e after. The election for directors shal
= be by ballot. and the majority 1
. amount of stockholders voting, wheth
!. er present or by proxy, shall elect tn
persons for whom they are cast. Fac
:, ed for one vote. After each election
: the Board shall elect from their ow
i number the officers above named:
e The Board of Directors shall give a
e least ten days notice by mail Of the electio
o of directors and shall appoint one {
more stockholders to preside at sue
election. Any failure from any caus
whatsoever to elect directors on tn
day named for that purpose shall nc
dissolve this corporation, but the direC
tors and officers then in Office, sha
hold over until their successors ar
| chosen and qualified.
The Board OF Directors shall hay
full power and authority to fill va
!, cancies in their number caused b
1 death, resignation, or otherwise. III
: said board is further authorized I
frame and adopt such bylaws. rule
( and regulations as the affairs and bus
r ness of the company may require, an
d Il NAV deem necessary for the conduc
4 ing and management thereof, provide
e the same does not conflict with tn
:, charter and the laws of the State
:, Louisiana, and those of the Unite
n States; to name and appoint gener
= manager, fix his compensation ar
/. terms of employment, as we'll as 9th
e agents, employees, as in its discretiC
d may seem fit and proper.
y The Board of Directors Is special
e vested with the power to acquire al
It purchase such property or business,
IS good will. or all of these from indivi
% uals or firms, or other corporations
d said Board of Directors may deem a
t. visable and proper, whether the sar
Is be real or personal property, and
,r such prices and on such terms as tn
m think best, and to pay therefor in {
ly full paid capital stock of the corpor
D. ton. This power to purchase and