The herald. [volume] (New Orleans, La.) 1905-1953, 1916-03-30

! which this corporation is estaLi; purposes iol
/ kv"e'S' nature OF the business to be con
( y" cCHJ,,,ys IL IL are generally declared TO be
! 70 conduct the grocery business, eitbe- Who'll
safe or retnl or both, and anv and an i;1s.
/ Of business connected Herewith or ;Tcidne
| 'ai or pertaining thereto
Article IN-The authorized c,,;.., r
corporation is hereby fixed ar fe, .i.is
hn-Irs, divided into and represented by one
ii u, shares OF the par value of one hun.
c I'e oo'!aIs each, and shall be paid for in
Ism OF may be ISSUED at par in payment g.,
property actually purchased By the corno-..
'."h' sald payments to be made AZ srcb
! Ithes and IN such installments as the bosrd
| 81 directors may direct. The capitaI stocL
! q tins corporation may be increased 70 ST.
thousand dollars divided into five bu,J-eg
I"dlcS o. me par value of one hundred dol.
!IlI t"Sn ms corporation shall be author
| yea 10 commence business and be a going
J concern as soon as the sum of fftv.nine b,,,e
drcd and no/l0O dollars shall be suhscrIbad
! ana PAD IN, which said amount is hereby
-s 81 E1io , ana paid Tor by the said appear
| e. IN me respective amounts set aftc- tbe;r
names. Oi said stock so subscr;heI g
iorty-three hundred and No 100 doIi,Ts ,b AZ,
OF j 10 De PAID Tor out Of the transfer 10 This
corporation OF the stock Of groceries and SIM.
f'.S'' store furniture and fixtures horse,
Hnic'' wagons, harness, accounts and hill
receivable, etc, etc, belonging 10 the an
t'' ana subscriber herein, Mrs. Magda-
..ny , Ii'Ss' ana comprising the properties
ana assets 10 her business. known as NJ
andS Grocery IN this city at S.. Charls,
avenue and Sixth street, and which SAID
properties and assets are moro frlIv a.,
forth IN the detailed and itemizrd dr-,r,,,'','
ana aPpraisemcnt thereof which is annexed
hereto as part hereof and 10 be read In cor
ucCilpN herewith.
No stakeholder may sell, assign. or trans.
Ter ms stock an this CyrpOrat.uu nIth,uf DIV.
ING 10 the corporation through its secrr,'ry.
treasurer hitCru days Puor notice IN wrIiIIs
% sGSI lnitHiiOu and the other stockholm.
eIn snail have the FIRST privilege OF yu-rba.
II he
i'l period OF fifteen days from SAID notice
ana s"'o'u no SiJCknoIdcr avail himself OF
l"'H pilNeicgc " thin sLld HiJceu DAYS, no
TALON Of such taSt shall be made ly the
"tCICjdTy-tTeasurCr upon the sand crrrIbrarr
% stock and said stock may then be sold IN
me open marNct. Succeeding purchasers.
-."'''r, aha" likewise be required 10 nrst
JHcT same 10 the stockholders OF tins cor
PuIatioH and no sale OF stock made contrary
10 tins provision shall be made upou The
books OF TINS corporation.
Article N.-All the powers OF this CORPORA.
ton shall be vested IN and exercised by
board 81 directors to be composed yI tlrrr
>ioIklO4dc;s, 10 bc elected annually On the.
NTNt Monday III January OF each year. be.
ginning IN the year lylE All such election,
snail &c held al the UfuCc vi the corporation
ami shall be held Oy ballot under The super.
VISION OK commissioner to bc appointed By
me board OF directors A majority OF the
podrI shdH constitute a quorum IOG the
transaction OF all business
Notice OF such elections shall be give, 70
each aiocAnoIder IN person Or by dcposItIug
m the ppstotICe notice thereof, properly
addressed 10 each st0Ckholdcr At has last
hnV"n address, Al least hiteen days before
the holding OF said meeting. Other stock
holders meetings may be he'd when ordered
Dy the board Ot directors or when ordered
Dy the holders OF twenty per cent OF the
outstanding stock.
Al all such elections and at all corporate
meetings, each StoCkhOder shall be entitled
To one vote tor each snare vi stock standing
IN his name on the books OF the corporation
10 DC cast IN person OF by written proxy, or 10
De sent by Hm by letter when hIs signature
10 same Is duly acknowledged before d no.
Idfy public OF other officer qualified to take
amdavlts, and a majority OF the votes cast
shall elect.
Any vacancy occurring among the directors
by death, resignation or otherwise shall be
hlled tor the remainder OF the term by the
directors. A failure to elect dI-
rec'ors on the date above specIned or at any
future meeting shall not dissolve the cor
pOratIOn, impair its corporate manage
ment, but the directors then IN office shall
remain IN office until their successors snail
oe elected and qualified.
The board of directors shall elect from
among themselves president, vIce-presl.
dent and a secretary treasurer. The board
ot directors may, from time 10 time, nam.
and appoint such clerks, managers, agents.
or other employees as they may deem neces-
sary Tor the purposes and business OF the
corporation. They shall have power 10 INK
and define the duties of every officer and
employee, and all officers and employees
snail hold ofnce and employment al tine
pleasure OF the board. They may make and |
well as alter and amend, any |
and all bylaws, rules and regulations nee
essary and proper IN their Judgment for the |
proper conduct, support, and management OF |
The business and affairs OF the corporation !
and Tor the certihcation and registry OF its |
stock.
Article VI-This act of Incorporation may |
Dc modified added to or changed, or this !
corporation may be dissolved with the as |
sent VI twO-thIrds of the capital stock, at a |
meeting OF stockholders convened for such |
purpose after notice provided herein for
he calling OF the stockholders meeting to |
;lect directors, and whenever this corpora /
ION Is dissolved, either by law other
wise, its affairs shall be lqudated' by three |
to be appointed from among |
he stockholders at a general meeting OF
ne stockholders; said commissioners shall
emaln In office until the affairs OF the COR
,orarion shall be fully hquidated and set
led.
In case of the death of any commissioner,
II his inability to act, the remaining COM
nissionerS shall act.
Any changes proposed to be made in ref
renee to the objects and purposes OF the
operation with reference to the capital |
took shall be made In accordance with the
avs OF the state Of louisiana the sub
ect.
Article VII.-No stakeholder shall ever be
cid liable for the contracts the faults
the corporation IN any further sum than |
he unpaid balance due the corporation on
he shares OF stock owned by him, nor shall
ny mere informality III organization have
he effect OF rendering this charter null or
exposing a stakeholder to any liability
eyond the unpaid balance which may be
ne on his subscription to stock.
Article VIII.-The following stockholders
ave been chosen and selected to comprise
he first board of directors OF this corpora
on, to-wit: Mrs. Magdaline L. Hogg ST.
harles Ave- and Sixth ST., New Orleans;
ules Teberne, $50 Camp Srteet, New Or
cans, La. William +. Hogg St. Charles
we. and Sixth ST, New Orleans, who shall
erve as such until the first Monday in jan
AIRY, 1917, or until their successors are
lected and qualified; and said Jules Teberne
hall act as PRESIDENT; said Mrs. NJ. T.. Hogg
hall act as vice-president; and said VIM. /.
Iogg shall act secretary treasurer, and
hall serve as such until their successors
hall be chosen and qualified.
The subscribers hereto have respectively
ritten opposite their names the amount OF
took subscribed for by them that this
Ct of Incorporation shall serve as the orig
nal subscription list
Thus done and passed in my Office in the
ty of New Orleans, in the presence of Scott
!. Beer and John Z. Burke, competent wit
esSes, who hereunto sign their names with
lie said appearers and subscribers, and me,
otary, on the day, month and year herein
rSt above written, after reading OF the
hole.
Original signed: Names of subscribers
nitted. Witnesses: Scott E. Beer, John Z.