The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-22
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CHARTERS.
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officers as its business, interest and con.
venience may require, and to make and es
tablish, well as alter and amend, from
| TING 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 OF
| other legal process shall be served under
| the laws OF the State of Louisiana.
Article lII.-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 or lease farms plantations
and operate and maintain the same; to buy
or sell or lease real estate for the purpose
Of carrying on the said business or 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 of its business and
generally to do any and all things incident
or growing out of the carrying 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 Cs3OOOO0O, divided into and
represented by three hundred 900 shares
of the par value of one hundred dollars
$4,000 each. The whole of said stock has
beer subscribed and paid fer and this COR
poration shall Immediately become going
concern.
All transfers of shares of the capital stock
| of this corporation shall be made and en-
tered on the stock book of the corporation
and no transfers shall be in any manner
binding on this corporation unless so en-
tered.
No stakeholder of this corporation Shall
dispose Of any stock in the corporation with
out hrst offering to the other stockholders
| of record in writing, his said stock at the
! book value thereof. the said offer TO remain
| open for period of three days and the
other stockholders to divide the stock SO
| offered on a 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 sum OF
one hundred thousand dollars Cs1oOOnoO)
by vote of two-thirds of all of the stock
| at a meeting called for that purpose.
, Article V1.-All the corporate powers OF
| this corporation shall be vested in and ex-
d.
| of three stockholders, majority Of whom
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 on 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
| M cd IN las laae
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
corporation.
The first election for Directors shall be
held at the annual meeting of the corpora
ton on the third Tuesday in January. 1918,
until which time 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
corporation and in his absence the Vice
President, shall Immediately thereafter call
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
| stakeholder shall be entitled to one vote for
each share of stock registered in his name
and may vote in person or by. proxy. All
elections shall be by ballot
Article VIl-This act of Incorporation may
be changed, modified or amended, or the
| capital stock increased or decreased, by and
with the consent of two-thirds of all the
stock.
A change in the objects and purposes NAV
be made only by vote of all of the stock
Heretofore issued and an increase of the
sum to which the capital may be increased
may be made by three fourths Of all the
outstanding stock.
This corporation may be dissolved by a
vote of two-thirds of all the stockholders
at meeting called for that purpose.
Notice of all meetings referred TO in this
article shall be given in the same manner
as provided for notices of election in Article
VI of this charter.
In case of dissolution or termination of
this charter, either by limitation or other
wise. its affairs shall be liquidated by three
liquidators selected by the stockholders at
general meeting held as hereinabove pro-
vided for. Said commission shall remain in
office until the affairs of the corporation
| llquludleQ and case
of death, resignation or incapacity of one
or more of said liquidators, the survivor O,
survivors shall continue to act.
Article VIII.-No stakeholder of this cor.
poration shall be held liable or responsible
for the contracts or faults of this corpora.
tion IN any further sum than the unpaid
| balance due this corporation on the sbares
of stock subscribed for by him. nor shall
any intormality in organization have the
enect OF rendering this charter null or eI.
/
beyond the unpaid balance, if any be due
on his stock 0e uue
| Article lX.-In order that this charter NAV
| also serve as the original subscriotion Tst
| the subscribers hereto have wr;tte, onno
size their names the number of shares sub
of shares subscribed by each is az foiIons .
SIEVE Vaccaro. New Orleans, Louisiana.
one Hundred Shares; John Bonura. New
Jrieans' louisiana, One Hundred Shares
Joseph Pslmeri New Orleans, Iouisiana
One Hundred Shares; and Steve Vaccaro