The herald., 1917-12-06
p r c e 8
From $3.50 to SAYS
see these lots this Wssk.
CHARTERS.

officers as its business, interest and con-
venience may require, and to make and es-
tablish, as well alter and amend, from
time to time, such bylaws, rules and reg
ulations for the proper government of the
affairs of said corporation as may be neces-
sary and proper.
Article 1.-THE domicile of said corpora
ton shall be in the City of New Orleans,
State of Louisiana, and all citations or
other legal process shall be served under
the laws of the State Of Louisiana.
Article III.-The objects and purposes for
which said corporation is organized and es-
tablished and the nature OF the business TO
be carried on by it, are hereby declared
to be:
To buy and sell at wholesale or retail
fruits, vegetables, truck, poultry and farm
and country produce of every nature and
kind; to buy and sell the said products for
others on commission; to grow and produce
the said articles and products and for this
purpose to own or lease farms or plantations
and operate and maintain the same; to buy
or sell or lease real estate for the purpose
of carrying on the said business any part
thereof; TO own and operate boats and YES
sells and railroads. cars and other rolling
| stock for the carrying on of the said bust
ness; TO execute bonds other engage
ments in the fulhllment of contracts or in
the performance of its business; TO mortgage,
cucumber or hypothecate any of its prop
erty in the carrying on of its business and
generally to do any and all things incident
or growing out of the carrying on of any
of the objects and purposes herein above
enumerated.
Article IV.-The capital stock of this cor
poration is hereby fixed at the sum of thirty
thousand dollars ($30,0O00O), divided into and
represented by three hundred 600 shares
of the par value of one hundred dollars
$4,000 each. The whole of said stock has
been subscribed and paid for and this
poration shall Immediately become a going
concern.
All transfers of shares of the capital stock
of this corporation shall be made and en-
and no transfers shall be in any manner
binding on this corporation unless so en-
tered.
No stockholder of this corporation shall
dispose of any stock in the corporation with
out first offering TO the other stockholders
of record in writing, his said stock at the
book value thereof, the said offer to remain
open for a period of three days and the
| other stockholders to divide the stock so
offered on basis commensurate with the
| stock owned by them at the time of said
offer
Article V.-The capital stock of this cor
poration may be increased to the Of
| one hundred thousand dollars (Sl0Om0O)
by vote of two-thirds of all of the stock,
at a meeting called for that purpose.
! Article VI.-All the corporate powers of
| this corporation shall be vested in and ex-
| ercised by a Board of Directors, composed
4
shall constitute quorum for the transaction
of business. Said directors shall be elected
at general meeting of the stockholders of
this corporation. to be held the third
| Tuesday Of January in each year, unless
said day shall be legal holiday, in which
event, said election shall be held on the
next succeeding business day. Notice Of
said election shall be given to each stock.
| holder in writing by letter addressed and
mailed to his last known residence at least
fifteen days before such meeting.
| The Board of Directors shall at its first
| meeting elect from among its members a
President, Vice President and Secretary
| Treasurer.
Any vacancy occurring amoug the Direc-
| tors of this corporation by death, resignation
or otherwise shall be filled by election for
the unexpired term by the remaining direc-
tors from among the stockholders of this
The first election for Directors shall be
held at the annual meeting of the corpora
tion on the third Tuesday in January, 1918
until which time or until their successors
shall have been duly elected and qualified
the following shall constitute the first Board
Of Directors:
The failure for any cause to elect Direc.
tors on the day stipulated shall not dissolve
this corporation, but the officers and direc.
tors then in Office shall hold over until
| their successors have been duly qualified In
the event of any failure to hold the election
on the date stipulated, the President of the
President, shall immediately thereafter call
a new election to be held after notice as
hereinabove provided, shall have been given
each stakeholder. At all elections and meet
ings of stockholders of this corporation, each
stockholder shall be entitled to one vote 70,
each share of stock registered in his name
and may vote in person or by proxy. AL
elections shall be by ballot.
Article VII.-This act of Incorporation ma,
| be changed, modified or amended, or tn,
. capital stock increased or decreased by anC
with the consent of two-thirds Of all tn,
stock.
A change in the objects and purposes ma,
be made only by vote of all of the stool
Heretofore issued and an increase of tn,
sum to which the capital may be increased
may be made by three-fourths of all tn,
outstanding stock.
This corporation may be dissolved by :
vote of two-thirds of all the stockholder
at meeting called for that purpose.
Notice of all meetings referred to in thi
article shall be given in the same name
, VI of this charter.
In case of dissolution or termination o
this charter, either by limitation or other
r wise. its affairs shall be liquidated by thre
iiquidators selected by the stockholders a
a vided for. Said commission shall remain il
|, office until the affairs of the corporation
shall have been fully liquidated and in cas-
OF death, resignation or incapacity of on
| VI VI Sdiu iquiudlOiS, the SURVIVOR o
: survivors shall continue to act.
!, Article VII1.-No stakeholder of this co,
e poration shall be held liable or responsible
}, Tor the contracts or faults of this corpors
d ton in any further sum than the unnai
e balance due this corporation on the share
OF stock subscribed for by him, nor sha
any informality in organization have Is
e effect OF rendering this charter null or e,
s posing its stockholders to any liabilitie
beyond the unpaid balance, if any be d.
n on his stock.
J. Article KIN order that this charter ma
!, also serve as the original subscription lis
the subscribers hereto have written ODD
y site their names the number of shares sui
n scribed by them.
e The original subscribers and the numb,
Z of shares subscribed by each is as follow,
I Steve Vaccaro. New Orleans, Louisian
One Hundred Shares; John Bonura, Ne
T Orleans. Louisiana. One Hundred Share.
Joseph Palmeri, New Orleans, Louisian,
!, One Hundred Shares; and Steve Vaccaf
. shall be President, John Bonura, Vic