The herald. [volume] (New Orleans, La.) 1905-1953, 1913-01-16
CHARTER

OF J. J. BURAS COMFANG, LlM IN, rf:I1
STATE OF LOUISIANA, PARISH OF JET
FERSON.
Re il known. that on this twenty first
/ day of the month of December. in the year
OF our Lord one thousand nine hundred and
twelve. and of the independence Of the
United States of America, the one hundred
and thirty-SiXth, before me. FREDERICK A
Middetona notary public in and for the
parish of jefferson duly sworn, commits
stoned and qualified and in the presence OF
the witnesses hereinafter named and under
signed, personally came and appeared:
JOurdan ]. Buras, John l. Buras. Jr., and
Joseph Monteleonc. all Of lawful age and
residents of the city of New Orleans. state
of Louisiana who declared to me, notary,
in the presence of the undersigned witnesses
that, availing themselves of the provisions
of the laws of this state relative to corpor-
atoms and especially under Act No 20 OF
1883 of the General Assembly or the STATE
OF Louisiana. they covenant and agree. and
by these presents do hereby covenant and
agree and bind themselves, as well as such
other persons as may hereafter become as
ISOLATED with them TO form and constitute
a corporation and body polite in law. for
the purposes. objects. stipulations, articles
and conditions following; to-wit:
ARTICLE |.
The name and title of this corporation
shall be the ]. ]. Buas Company Limited,
and its domicile is hereby established in the
city of New orleans, and under its said cor
pOrate name, said corporation shall nave
he sued: TO make and use a corporate seal.
and the same to break or alter at pleasure :;
to hold. receive. have. purchase, improve,
ALLEVIATE. convey. sell, operate. pledge; mort
gage and hypOthecate under its said cor
porate name property, real. personal and
mixed: to name and appoint such officers.
directors, agents, managers ana employees
as the interest or convenience or SAID cor
poration may require; to make and eStab
lSh bylaws. rules and regulations for the
proper management of its affairs as may
he due necessary and proper, and the same
TO change or alter at pleasure; and 10 do
all and every act and thing permitted by
law, or as shall or may be necessary and
proper to carry out the objects and purposes
of said corporation.
The said corporation. unless sooner dis
solved in accordance with its charter. shall
exist and continue for period or ninety
nine years from and after date hereof.
The president. or in his absence the sec
rotary treasurer. shall be the proper person
upon whom citation or other legal process
shall be served
The objects and purposes for which this
corporation Is organized, and the nature of
the business to be carried on by it,aare de-
clared to be the following. to-wit
To buy and sell, and generally deal in.
produce, fish. game and all marketable food
products and to do generally all things nee
ARTICLE III.
The capital stock of said corporation shall
be five thousand ($50000O) dollars, di-
vided into and represented by fifty shares,
of the sum of one hundred dollars each.
which said stock shall be paid for in cash
at the time of subscription, or same may be
issued at not less than par, in payment or
exchange for property or rights actually re-
ceiyed or purchased by said corporation, and
the same may be issued full paid for mo-
ney paid, or for such other values or ser
vices as the board Of directors of said cor
nOratiOn shall determine.
Any stakeholder may sell or transfer his
stock in this corporation, provided thirty
days prior notice OF such intention to sell
or transfer the same shall be given to the
company, and the other stockholders there
of shall have the first privilege of purchas-
ing same: after which thirty days notice,
the said stock may be sold in open market.
The stock of said corporation may be trans
ferred under the above provisions, provided
such transfer thereof be made on the books
of the company, at its office, and on the
surrender Of the certificate therefor.
This corporation shall commence doing
business as soon as two thousand $4,000
dollars Of the capital stock shall have been
subscribed for. The board Of directors shall
have the right to determine how mach stock
shall be ISSUED.
ARTICLE ".
The corporate powers of this company
shall be vested in and exercised by a board
of three directors consisting of the prsei-
dent, secretary treasurer and one stockhold
or. Two of said board shall constitute a
quorum for the transaction of business. The
following shall constitute the first board of
directors Jourdan ]. Buras. president John
l.. Buras, secretary-treasurer.
No person shall be eligible as q director
who is not a stakeholder of this corporation.
Said board shall continue in office until the
second day of January. 1914, on which date.
and annually thereafter on the second day
of January. the board of directors shall be
elected each year. Notice of such election
shall be given by three days publication i'm
mediately preceding such election in one of
the daily English newspapers of this city. |
Any failure from any cause whatsoever to
elect directors on the day named for that
purpose shall not dissolve the corporation. |
but the directors then in Office shall hold
over until their successors are chosen. At
every election and meeting each stakeholder
shall be entitled to vote for each share of
stock registered in his name. and may vote
by proxy. The election Of the directors
shall be by ballot.
ARTICLE V.
The board of directors shall have full
power to fill vacancies caused by death, res
lSnation, or otherwise, from among the
stockholders of said corporation. Said board
shall have full control OF the property of
this company, and shall so conduct, manage
and use the same as In their discretion they
may deem at, and that is consistent with