The herald. [volume] (New Orleans, La.) 1905-1953, 1916-09-07

and agreed, and do by these presents con.
tract and agree and bind and oblgate them.
selves as well as all such persons as NAV
become associated with them, TO form them.
eEeS mo and constitute corporation and
body politc IN law for the objects and pur.
poses and under the conditions and stipula.
tons OF the articles following, to-wit:
Article 1.-The name and title of the said
corporation shall be Samuel 4 de Latour,
| Inc, and under its said corporate name IL
shall have and enjoy succession for the full
| term and period of ninety nine (99D wears
from and after date hereof and shall have
Ps"Sr ana authority to contract, sue and be
| sued: to accept and receive mortgages pledges
| or other hypothecatonS; to make and use a
corporate seal and the same to break and
amer al pleasure; TO purchase, receive, lease,
hoId, or Otherwise acquire and convey as
well as mortgage and hypOthecdte under lis
| corporate name, property, both real and per-
| sonar or mixed; TO name and appoint such
managers and directors, officers and agents,
! ana eStaOllsh branch Offices at its domicile
| or elsewhere, as the interest and convenience
| OF SAID corporation may require. and to make
| and establish as well as TO alter and amend
! at pleasure such bylaws, rules and regiIla.
| mons Tor the proper management and regu-
Iauon OF the affairs of said corporation as
may be necessary and proper.
Article 1.-THE domicle of the said cor.
Poration shall be at New Orleans, parish of
! orleans, State OF Louisiana, and all citations
or other legal process shall be served mon
the presi dent of said corporation, or in case
OF his absence, upon one of the vice-presi-
dents or IN the absence OF ali of these Off
GERS, upon the secretary of the corporation
Article llI.-The objects and purposes for
which this corporation is organized and the
nature OF the business to be carried on by il
are hereby declared TO be; to carry on and
conduct the business Of wholesale merchants,
dealers IN poultry products, and all other
products OF every kind and character what.
soeyer. including their by-products or com
t3inatlons thereof, and to do any and all
mes snnNA aV,e
ness.
Article lN.-The capital stock is hereby |
hxed at six thousand dollars (S6OOOO), di. |
vided into one hundred and twenty 12O
shares OF par value of fifty dollars (S5OOO |
each, whereof fifty per cent (SOc1) snail be /
subscribed and paid for before the filing of |
these articles OF Incorporation. All stock sub |
scrloed for shall be paid for in cash or prop
erty received; fifty per cent (509o) before the |
corporation engages in business, and the re-
naming within twelve Q2) months as de-
termined by the board of directors. Each
share of stock shall be entitled to one D
vote at all elections and meetings, and emit.
tied to the same right and privileges as any
other such share. The amount of which
capital stock may be increased up to twenty.
hive, thousand dollars (s2S,OOO.OO. No stock
holder IN this corporation shall dispose of |
ms holdings or any part thereof without first
offering the same to the corporation at its
ten QO) days within which to accept or re.
Ject the said offer. Upon the death of any
stockholder, his stock shall forthwith, at the
option OF the corporation. be taken over by it
at book value. The surviving widow of any I
stakeholder shall have the right to purchase
this stock in preference to any and all heirs
after the has been offered to and re.
fused by the corporation.
No stakeholder shall be held liable or re-
'ponsible for the contracts or faults of said
in any further sum than the un-
paid balance due on the shares of stock
owned by him, nor shall any mere infor-
nality in organization have the effect Of
-endering this charter null exposing any
'tockholder to any liability beyond the
AMOUNT due his stock.
Article V.-All the corporate powers Of this
shall be vested in and its bust.
less and affairs maniged by a board OF d.
ectors, consisting OF four (D members, any
hree 90 Of whom shall constitute a quorum |
or the transaction OF business. Any vacancy
7 vacancies in the board of directors shall be
lied by the remaining directors. The cor
'o-atlon shall elect annually from among its
tockhOlders on the second Monday of Au-
ust OF each year, beginning i'll the year
9l7, a board OF directors consisting OF four "a
lent, secretary and treasurer, which last
vo Offices may be held by one person. The
rst board of directors shall consist Of Joseph
'amuel, Frank. de Latour, Samuel Goldman
nd Aware Quirogs, Of whom Joseph Samuel
hall be president; Frank de Latour, vice
resident, and Samuel Goldman. secretary
reasurer. Failure 70 elect directors on the
ay above specified shall not dissolve the
operation. but the directors then in Office
hall remain in office until their successors
re elected and qualified.
Article VI-All notices of stockholders or
GARD of directors meetings, including the
nnual meeting herein provided for, shall be
cid after twenty-four (24 hours written no.
ice shall have been mailed by the secre-
ary to each stakeholder at his last known
lace Of residence, and at all stockholders
leetings a majority of the stock represented
y proxy or otherwise, shall control.
Article VII.-The names and post Office
ddresses OF the subscribers 10 these articles
Incorporation and the statement of the
lumber Of shares of stock which each agrees
take in the corporation are as follows:
oseph Samuel. 3Z Poydras street, 50 shares;
rank de Latour, 3H Poydras street, 20
nares; Samuel Goldman, go Baronne street,
shares; Alvaro Quiroga, 40 Tchoupitoulas
,reet, "a shares.
Article VIII.-This charter may be amend
4, or the corporation may be dissolved and
quidated by a ffty-one per cent (5l9o) vote
the capital stock appearing on the books
the company, and in che case of liquida.
on, the board Of directors then in Office shall
quidate the corporation.
Thua done .n1 oass.d AZ INV nfree IN The