The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-27
CHARTERS.
CHARTER
,ouN BoNURA & COMPANY, INCOR
or JIM PORATED

kooWu, mat on THIS oiSt cav OIL
DC ,tb OF August in the year Of our
the ny thousand nine hundred and sew
Loro before me- George Janvier, a Notary
enieeh' JrIv commi ssioned and qualified, in
Pu6liS, mis- City, and Parish of Orleans,
sn u residing, and IN the presence OF the
therein herein after named and under
ritnei. Personally came and appeared:
signeu. .veral persons whose names are here
Inc ,bscribed, who severally declared that,
unto themselves of the laws of the State
EIntisiana in such cases MADE ana pro,
Of they have covenanted and agreed and
yioee, these presents covenant and agree
90 S;,d themselves, as well as all such
ano amos as may hereafter become associated
pe pen them to form corporation for the
WIN and purposes and under the articles
oole' .t;oulations following. to-wit:
.-,;,,. 1.-The name of this corporation
hnL - Inhn Bonura & Company, Incorpo-
shai and under its said corporate name it
rateH have power and authority to have and
sn:n :orporate existence and succession for
enloys neriod Of ninety-nine years from
the full p.hs date thereof: to contract, sue
ana a. sued: to make and use a corporate
ana md the same to alter and break at
SEAL seal, So 10 hold, receive, lease, purchase
snnyey, as we'll as mortgage and hypoth-
ate property, Teai' personal ana ml6ea'
ecs.sl and iucorporeal; to name and ap-
eo ir such managers, agents, directors and
pom as its business, interest and con-
o nle may require, and to make and es-
venr.L az well as alter and amend, from
tsoIiSs, time. such bylaws, rules and reg
nh inns for the proper government OF the
usN;,s Of said corporation as may be neces-
sap ; sIe 1.-THE domicile of said corpora
SbaIl be in the City of New Orleans,
State of louisiana ana an el,auons d OF
otheii .,gs OF the State of Louisiana.
ING IL III.-The objects and purposes for
AZ .a;d corporation is organized and es-
Sl,ishsd and the nature of the business TO
= carried on by it, are hereby declared
% Oe huy and sell at wholesale or, retail
10 W. xsgetabes, truck, poultry and farm
flu,'', ,,untry produce of every nature and
sI.a. "a buy and sell the said products for
nna On commission; TO grow and produce
o.n I'D articles and products and for this
fne ~ own or lease farms or plantations
PnIpo.rste and maintain the same; TO buy
and ~ ~ lease real estate for the purpose
sewing on the said business or any part
asaf' no own and operate boats and YES
tnefeoi, rsilroads, cars and other rolling
seq Cor the carrying on of the said busi-
soen 20 execute bonds or other engage
ns .n,. in the fulhllment OF contracts or In
~. n.rformance of its business; to mortgage,
n VIC or hypothecate any of its prop
eDeu re carving on of its business and
cry 10 do any and all things incident
g.a.;ng out of the carrying on OF any
" Il. objects and purposes herein above
snnn..nis IV.-The capital stock of this cor
80 "a hereby fixed at the sum of thirty
gossnd dollars (S5O,OOO.00), divided into and
mou.s.nt,d by three hundred 900 shares
ID me oar value of one hundred dollars
@,oeo1, each. The whole Of said stock has
been Subscribed and PAD for anu TINS Son
os..,;on shall Immediately become going
sOhf1' tr,nsfers of shares of the capital stock
q his corporation shall be made and en-
,.,.d on the stock book OF the corporation
VI M transfers shall be in any manner
s snu an this corporation unless so en-
tered ..,. o-,o-a,;o, shall,
s;snose Of any stock in the corporation with
ort frst offering to the other stockholders
~ xslue thereof, the said offer 20 remain
oosn Cor a period of three days and the
-, stockholders to divide the stock so
oH,red on a basis commensurate with tne
s,ort owned by them at the time OF SAID
an;eI. V.-The capital stock of this cor.
.o,a,;on NAV be increased to the sum OF
-. hundred thousand dpllars (Sl00,OO0O)
Nv a vote Of two-thirds Of all of the stock,
Al a meeting called for that purpose.
MS corporation shall be vested in and ex,
srcised by Board of Directors, composed
AZ three stockholders, a majority OF whom
shall constitute quorum for the TRANSACTION
AZ business Said directors shall be elected
AT a general meeting of the stockholders OF
,h;s CORPORATION, to be held on the third
Tuesday Of January in each year, unless
said day shah be a legal holiday, in which
event, said election shall be held on the
next succeeding business day. Notice OF
bolSer in writing by letter addressed and
nailed to his last known residence at least
fifteen DAYS before such meeting.
The Board Of Directors shall at its hrst
meeting elect from among its members
President, Vice President and Secretary
Treasurer
Any vacancy occurring amoug the Direc-
tors Of this corporation by death, resignation
Or otherwise shall be filed 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 n the annual meeting of the corpora
ton on the third Tuesday in January, 1918,
until which time or until their successors
hal have been duly elected and quaIiheo;
she following shall constitute the first Board
Of Directors:
The failure for any cause TO elect Direc-
tors the day stipulated shall not dissolve
dis corporation, but the officers ana direc,
er then in office shall hold over uhi,,
their successors have been duly qualified. In
ne event Of any failure to hold the election
On the date stipulated, the President OF the
corporation and in his absence the wee,
President, shall Immediately thereafter call
new election to be held after notice, as
hereinabove provided, shall have been given
each stoekholder At all elections and meet
ngs Of stockholders of this corporation, eacn
stakeholder shall be entitled to one vote ior
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 may
Be changed, modified or amended, or the
capital stock increased or decreased, by ana
vith The consent of two-thirds OF all tne
stock
A change in the objects and purposes may
be made only by a vote of all Of the stock
heretofore issued and an increase OF the
sun 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
a meeting called for that purpose
Notice of all meetings referred to IN TINS
n provided for notices Of election IN Article
VI Of this charter.
In case Of dissolution or termination OF
his charter, either by limitation or otner-
wise, its affairs shall be liquidated by three
iiquidators selected by the stockholders al
general meeting held as hereinaoove pro.
vided for. Said commission shall remain IN
once until the affairs of the Corporation
shall have been fully liquidated and IN case
Of death, Resignation or incspacity OF one
Or more of said liquidators, the survivor OF
survivors shall continue to act -.
Article VIII.-No stakeholder OF this so :,
Yorstion shall be held liable or responsiole
for the contracts or faults of this corpora,
bon in any further sum than the unpaiu
balance due shis corporation on the snaiI 4,
Of stock subscribed for by him, nor sn "a.
anr ~.