The herald. [volume] (New Orleans, La.) 1905-1953, 1913-07-31
CHARTER
OF SEGARI PRODUCE co.
United States OF America. State of Louis


United States OF America, State of LOuiSi-
ana. City OF New orleans.
Be ii known, that on this twelfth day OF
the month OF July in the year one thousand,
nine hundred and thirteen, before me, Felix
j. Drey .OuS, notary public, duty commits
stoned and sworn in and for the parish OF
Orleans and city Of New Orleans therein
residing, personally appeared TIE persons
whose names are hereuntO subscribed, who
declared that, awaiting 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 may 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."
and under that name IL shall have and en-
JOY all the rights and privileges granted by
law to corporations; ii 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 hSpOthecate or
pledge property both real and personal; 10
issue bonds. notes and other obligations
10 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 regula tions
for the proper management and control OF
the affairs Of said corporation. through its
board OF directors, as may be necessary and
expedient.
Article 1.-THE domicile 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.
Article III.-The objects and purposes OF
this corporation, and the nature OF the bus
mess to be carried on by 1t 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 IV.-The capital stock of mis- cor
poration Is hereby fixed at the sum of TWEEN
ty-hve thousand dollars, to be represented
by two hundred and fifty shares Of the par
value Of one hundred dollars each. which
shall be paid for in cash when subscribed
for for 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
and worcestershire. No, transfer of stock
less made upon its books, and all certih-
Gates OF stock shall be signed by such off,
GERS as may be designated by the board OF
directors.
Article V.-All the corporate powers OF
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
s shalI constitute a quorum for the transac-
tlon 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 by
proxy, to vote for evrey share owned by
him, and all elections shall be held under
such rules and regulations as may be deter
mined " the board Of directors. The d.
rectors thus elected shall continue in office
Tor one year, or until their successors have
been duly elected and have qualified No
failure TO elect shall be regarded as a for
felture or this charter ANY vacancy occur
ring on said board shall be filed by tha
remaining directors for the unexpired term
me board OF directors shall at its first
meeting after It's election, nominate ont OF
Its number a president. vice-president and
a secretary-treasurer. Said board shall have
the right TO segregate the Office of spcr.
tary-treasurer and NAV appoint a secretary
VINO need not be either a director or n
stockholder; and II shall employ and dis.
miss such clerks, managers and other en-
pIoyes or the corporation as the interest
ana business OF the same may Justify. Any
OF the directors or officers shall have ~.
right to appoint, by written instrument. an.
other director or stakeholder TO act az hi.
proxy and In his stead at any and all rneats
ings OF the board OF directors.
Article VINO stakeholder shall ever h.
neld liable or responsible for the contracts.
Iauiis or debts or this corporation, nor
snail any mere lnformality In its organiza.
ton have the effect OF rendering this rbar-
ter void, or OF exposing a stakeholder TO anv
liability beyond the unpaid balance dne q,
the shares owned by him.
Article VI1.-This act of incorporatiop
may be changed, modified, altered. or mi.
corporation may be dissolved with the as,