The herald. [volume] (New Orleans, La.) 1905-1953, 1918-10-17
CHARTER

Corporation is now fixed at Ten Thousand
Dollars tSl0,OO0OO), divided into One Hun
bred 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 20 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.
poration shall be vested in, and be exercised
| by, Board OF Directors TO be composed OF
three stockholders. who shall be elected at
a stockholders meeting to be held for that
purpose, annually, on the second Monday OF
| November, at the domicile Of the Corporation
At Its first meeting following election. the
directors shall elect FROM their own number
Tor the term of one year. president, a vice
president, and secretary, who shall remain
m office until their successors have been
duly elected and qualified, and who shall
perform such duties as are assigned 10 them
respectively, by the directors. and as NAV be
prescribed by the Bylaws. Rules and Regu
latIons to be adopted by the Board Of Di-
rectors, for the operation OF this Corpora
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, SO
shares.
Frank f. Sexton. 1909 Dryades Street, New
Orleans, Louisiana, 10 shares.
Anthony J. Federico. 1909 Dryades Street.
New Orleans, Louisiana, / share
The subscription of the said Mrs. Theresa
Tennis Federico, being fully paid for and
settled by the transfer by her to this Cor
Poration Of all her rights, title and inter
est IN and 10 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
a he sum Of srbt ~
lS,DoOOl, by the Board of Directors of said
Cooperation, set forth in said statement.
ARTICLE NII.-The first Board of Direc-
tors Of + this Cooperation. shall be composed of
Mrs Theresa Tennis Federico, 1909 Dryades
Street, New Orleans, Louisiana; Frank E.
Sexton, 1909 Dryades Street. New Orleans,
Louisiana. Anthony ]. Federico, 1909 Dryades
Street, New Orleans. Louisiana; and these
Directors: with Mrs Theresa Tennis Federico,
as president, Anthony J. Federico, as vice.
president, and Frank E. Sexton as secretary.
shall serve until the second Monday of No.
yem6er, 1920, when the first election of Di-
until their successors have been duly elected
ana nave been qualified. ANY vacancy
occurring, for any reason, in the Officers or
directors OF this Corporation, shall De filled
oy the remaining members of the Board
ARTICLE NIII.-Before any stockhoIder
snail make sale of his stock he shall offer
the same TO the Board Of Directors. which
shall act as agent for the sale of the stock
~ H4,otLS. stoCkuQluer; provided that, If the
Board OF Directors is unable to sell said stock
within thirty days thereafter. at the price
ixed by its owner, the stockholders right
TO dispose of his her sock shall become
unrestricted. This provision shall not appIv
70 any transfer or sale of stock which NAV
De made within sixty days from the date
hereof. ~ uH'e
Done and passed. in my office, at New Or
leans the day, month and year first above
written, in presence of Messrs Charles 7
lneard and Delvaille II. Theard. Competent
witnesses, who have signed with the appear
ers and me. notary, after due reading. And
IN order that the present act of incorporat;on
may also serve as the original stock suh
scrlption list, the incorporators have placed
opposite their signatures, the number M
spares spares IN this Corporation subscribed for bv
them, respectively. " "
(Signed)
Mrs Theresa Tennis Federico, &c sba,es
a An on J. Federico, share; Frank E. Sex
r., witnesses: Delvaille H. Theard, Chas.
GUS. A. LLAMBAIS. Notary prh,;.
Recorded in Mortgage office, of this nsr;.b
~, ,n,O BOOK l20, Folio 40, on September &
p. a true copy. GUS A. LLAMBAIs. Notary
Sept. 1926, Oct. sIo-u.u