The herald., 1913-07-24
CHARTER

OF SEGARI PRODUCE co.
United States Of America, State of LOuisi-
ana. city of New Orleans.
Be it 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 sle persons
whose names are hereunto subscribed, who
declared that, ayailing themselves of the
provisions of the laws Of this state relative
TO the organization OF corporations, they
have covenanted and agreed, and do, by
these presents, covenant and agree, bind,
form and constitute themselves, as well as
such other persons who NAV hereafter Join
or become associated with them into a
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"
aud under that name 1t shall have and en-
Joy all the rights and privileges granted by
law TO corporations; IL shall exist for a
period OF ninety-nine years from this day ;
II shall have power to contract, sue and be
sued, In its corporate name: to make and
use corporate seal; TO hold. receive, pur-
chase. convey, mortgage, hypOthecate or
pledge property both real and personal; TO
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
poration 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
expedient
Article 1.-THE domicie 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.
"A Il zAs
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 and receive on consignment. fruit, pro-
duce and other merchandise and commodi-
ties OF every nature kind and description
Article lN.-The capital stock of This cor
poratlon Is hereby fixed at the sum of TWEEN
\ ty-hve thousand dollars, to be represented
kby two hundred and fifty shares OF the mar
ralue OF one hundred dollars each. which
Ishall be paid for In cash when subscribed
TOT Tor 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 full-paid
ana worcestershire. No transfer OF stock
snail be binding upon this corporation I'M
less made upon its books, and ali certia.
Gates OF stock shall be signed by such on
GERS as may be designated by the board OF
directors.
Article v.-AIl the corporate novars n,
the corporation shall be vested in. and the
management and control OF its affairs shall
ne exercised by, board of directors com
posed OF three stockholders. two OF whom
shall constitute a quorum for the transac-
ZION or all business. The directors shall be
elected by the stockholders on the third
Monday OF July of each year. Each stock
holder shall be entitled in person or nv
proxy, TO a vote for evrey share owned Nv
him. and all elections shall be held under
such rules and regulations as NAV be deter
mined ~ the board Of directors The d.
rectors thus elected shall continue in office
for one year. or until their successors have
been duly elected and have qualified. No
failure TO elect shall be regarded as A for
lecture or this charter. Any vacancy occur
ring on said board shall be filled by the
remaining directors for the unexpired term.
The board Of directors shall at its first
meeting after its election, nominate ont OF
a secretary-treasurer. Said board shall have
the right 10 segregate the Office Of secre- |
tary-treasurer and may appoint a secretary
VINO need not be either a director or |
s s,s and It shall employ and dis
miss such clerks, managers and other en- |
Dloyes or the corporation as the interest |
IND business of the same may Justify Any
u the directors or officers shall have the
'ther director or stakeholder to act as his
roxy and In his stead at any and all meet
ngs OF the board OF directors.
Article Vino stakeholder shall ever be
aults or debts of this corporation. nor
hall any mere informality in its organiza
Ion have the effect Of rendering this char.
er void, or OF exposing stakeholder to any
ability beyond the unpaid balance dine on
he shares owned by him.
Article Widths act Of incorporation
Jay be changed, modified, altered, or this I
operation may be dissolved with the as I
'urths Of the stock Of the corporation. pres
1t or represented, at a general meeting
'nvened for that purpose, and, after at /
ast ten days, written notice has been {
ven through the mail TO each stockholder Q
his last known place Of residence. In q