The herald. [volume] (New Orleans, La.) 1905-1953, 1913-06-12
REAL ESTATE TRANSFERS.
CHARTER
of
THEO. J. LALA. LTD.

UNITED STATES OF AMERICA,
STATE OF LOUISIANA. PARISH
OF ORLEANS. CITY of NEW OR
LEANS
BE it known. that on this 9Th day Of
the month Of June. in the year Of our
Lord. one thousand nine hundred and
thirteen and OF the Independence of
the United States OF America, the one
hundred and thirty-seventh, before me,
Edgar Mayer Calm. a Notary Public,
duly commissioned and qualified, in
and for the City of New Orleans Par
ish of Orleans, State of Louisiana,
therein residing, and in the presence
of the witnesses hereinafter named and
undersigned, personally came and APP
peared the parties whose names are
hereunto subscribed. who declared, that
availing themselves of the provisions
of the laws of this State. relative to
corporations, they have covenanted and
agreed. and by these presents covenant.
agree and bind themselves. as well as
such other persons as may hereafter
become associated with them, to form
and constitute a corporation and body
polite In law, for the purposes and OBJ
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-
process shall be served. and said cor
poration shall exist and have and en-
JOY 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 be deter
mined upon: the same to break, alter,
and amend as might be deemed proper:
l. n 4 "a. -. l..
rules and regulations for the proper
management and regulation of the af-
fairs OF said corporation as may be
necessary and proper, and the same to
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 well as to mortgage and
hypothecate, under its 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 its branches. and departments, and
add thereto such other lines as may be
after. To buy. sell, mortgage or hy-
pothecate and lease real estate. inn
proved or unimproved in this City and
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 Dor
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
and hold stock in other corporations
as well 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 &c
the objects and purposes hereinabovt
set forth.
ARTICLE uI-The capital stock OF
this corporation is hereby fixed at tn,
sum of One Hundred Thousand Dollars
00,000.O0) to be represented by 1O0t
shares OF the par value of $4,000 each
payable in full at the time of the sub
scription. The Board of Directors shall
have the right to issue shares of stock
only for cash. services rendered, mer-
as they 1 oSeE see m
ARTICLE IN-The corporate powers
of this corporation shall be vested in
and exercised by a Board OF Directors
three in number. selected from the
stockholders of this corporation. and
consisting OF a President, Vice Presi'
dent and SecretaryTreasurer. any two
OF whom will constitute a quorum fol
the transaction of corporate business
The first Board OF Directors shall b,
elected at a meeting of stockholders e
be held after the signing Of this char
ter. Said Board OF Directors and Off
GERS shall remain and hold office foI
one year from the date OF their cleo
ton. or until their successors have beef
duly elected and qualified. which cleo
ton shall take place on the third Mon
day in June, 1914 and annually there
after. The election for directors shall
he by ballot. and the majority ii
tnt Of .tI Ill IL Inc .hath
er presen: or by proxy, shall elect tn
persons for whom they are cast. Eacl
share OF stock voted upon to be count
ed for one vote. After each election
the Poard shall elect from their owl
number the officers above named.
- The Board OF Directors shall give a
= least ten days notice by mail Of the electio
u directors and shall appoint one o
moro stockholders to preside at Sucl
election. Ar failure from any caus
Whatsoever 10 elect directors on tn
dissolve this corporation. but the direc
tors and officers then in Office, shall
hold over until their successors ar
chosen and qualified.
The Board OF Directors shall hav
full power and authority to fill va
cancies in their number caused b.
death, resignation, or otherwise Tn
said board is further authorized I
frame and adopt such bylaws, rule
and regulations as the affairs and bust
ness of the company may require. an
IL may deem necessary Tor the conduct
ing and management thereof. provide
the same does not conflict with thi
charter. and the laws OF the State O
Louisiana. and those of the Unite
States; TO name and appoint "a genera
manager. fix his compensation an
terms of employment, as well as othe
agents, employees. as in its discretion
may seem fit and proper.
The Board of Directors Is specially
vested with the power to acquire an,
purchase such property or business, o
good will. or all of these from individ
uals or firms. or other corporations a
said Board of Directors may deem ad
visable and proper, whether the sam,
be real or personal property. and a
such prices and on such terms as they
think best. and to pay therefor in tn,
full paid capital stock of the corpora.
ton. This power to purchase and ac-
quire to be exercised by the said board
without the necessity of referring tc
the shareholders for authorization
ARTICLE V-This charter may be
amended. modified or altered, or this
corporation dissolved. at general
meeting OF the stockholders convened
for that purpose with the assent of the
majority of the stock which may be is
sued, present or represented at such
meeting Thirty DAYS notice nv mail