The herald., 1918-10-24
CHARTER

Corporation is now fixed at Ten Thousand
! Dollars (SlO,OOOI, divided into One Hun
! dred Shares, OF One Hundred Dollars each.
| Subscriptions TO stock shall be paid for, in
cash. at such times and in such amounts and
| with such notices TO the subscribers as may
! be fixed by the Board Of Directors, subject
| to the limitations in this regard now imposed
| by law. No stock certificate shall issue
to any person until the payment in full by
him Of the shares subscribed for by him.
| ARTICLE N.-All the powers of this Cor
! poratlon shall be vested in, and be exercised
| by, Board OF Directors, 10 be composed Of
| three stockholders. who shall be elected at
a stockholders meeting to be held for that
| purpose. annually, the second Monday OF
! November. at the domicle Of the Corporation
/ At Its first meeting following election. the
directors shall elect FROM their own number,
| Tor the term Of one year. a president vice
president, and secretary, who shall remain
! IN oiiice until their successors have been
duly elected and qualified, and who shall
perform such duties as are assigned to them
respectively, by the directors. and as may be
prescribed by the Bylaws. Rules and Regu
| lations to be adopted by the Board Of Di-
| TectorS, for the operation Of this Corpora
ton.
ARTICLE VI-The appearers here declared
that they have subscribed, respectively, to
the following number Of shares Of the capital
stock OF this Corporation, to-wit:
Mrs. Theresa Tennis Federico, 1909 Dry
AIDES Street, New Orlenas, Louisiana. 50
1 ain T.. sexton, loUS DTyadeS Street, New
Orleans, Louisiana, 10 shares
Anthony J. Federico, 1909 Dryades Street,
New Orleans, Louisiana, share.
Inc subscription of the said Mrs. Theresa
tennis Federico, being fully paid for and
poratlon Of all her rights, title and inter
est IN and TO all the stock of groceries con-
tanned in the Federico Grocery, 1909 Dryades
Street, as per the statement hereto annexed.
said stock OF groceries have been appraised
at the sum OF Eighty-Nine Hundred Dollars
lSS,UocOl, by the Board OF Directors of said
corporation, as set forth in said statement
Ak LIE Nll.-Ihe first Board of Direc.
Tors OF TINS Cooperation shall be composed of
Mrs Theresa Tennis Federico, 1909 Dryades
Street, New Orleans, Louisiana; Frank F.
Sexton, 1909 Dryades Street, New Orleans.
louisiana: Anthony J. Federico, 1909 Dryades
Street, New Orleans. louisiana; and these
directors, with Mrs. Theresa Tennis Federico
as president, Anthony ]. Federico as vice
president, and Frank E. Sexton, as secretary.
vember, 1920, when the first election of Di-
receors. under this Charter. shall be held. or
until their successors have been duly elected
ana have been qualified Any vacancy
occurring, Tor any. reason. in the Officers ny
directors Of this Corporation, shall be filled
by the remaining members OF the Board
ARTICLE NIII-Before any stockboIde-
shall make a sale Of his stock, he shall offer
me same 10 the Board OF Directors, which
snail act as agent for the sale of the stock
70 another stakeholder; provided that. If the
Board OF Directors is unable to sell said stock
within thirty days thereafter. at the price
hNed by its owner, the stockholders right
70 dispose OF his or her sock shall become
unrestricted. This provision shall not applv
20 any transfer or sale of stock which NAV
hereof ie ud'e
, Done and passed, in my office. at New Or
Ieans' the day, month and year first above
written, IN presence of Messrs Charles 7
lneard and Delvaille II. Theard. comnete53t
witnesses, who have signed with the appear.
erS and me, notary, after due reading. And
IN order that the present act of INCORPORATION
may also serve as the original stock sinh
scrlption list, the incorporators have placed
opposite their signatures. the number NJ
spares IN this Corporation subscribed for bv
them. respectively. ' O'
(Signed)
Mrs Theresa Tennis Federico. SO shares.
anthony J. Federico, share; Frank E. Sex
witnesses: Delvaille H. Theard, Chas. 7
GUS. A. LLAMBAIS. Notary P,,bI;,
Recorded in Mortgage office. of this naTisb
~, ,n,o Book l22, Folio 40, on September & |
q, 4 true copy. GUS. A. LLAMBA1s Notarv |
Sept. 1876, Oct. slO-l7,24