The herald., 1918-10-31
CHARTERS

upon its books, and all certificates of stock
shall be signed by such officers as may be
designated by the board of directors This
corporation shall have the right to increase
$4,000. One Hundred Thousand Dollars,
to be divided into shares of (SlOOOO), One
Hundred Dollars each, provided such in
crease in the capital stock shall have been
authorized by three fourths of the stock
holders at a meeting to be held for that pur
pose afer being duly notified in writing. No
stock shall be sold by any stockhoder until
the same shall be offered for sale to the
corporation which shall have the right TO
purchase the same and no transfer shall be
made upon the books Of the corporation until
the stock has been so offered and declined.
In the event of an increase OF the capital
stock the additional shares shall be first
offered to the stockholders DESTROYS to sub
scribe to such increase.
ARTICLE N.-All the corporate powers OF
this corporation shall be vested in, and the
management and control Of its affairs shall
he exercised by board Of directors com
posed OF four stockholders. \ majority OF
The directors shall constitute a quorum for
the transaction Of all business. The dircc-
tors shall be elected annually by a ballot on
the second Thursday in January in each
wear Each stakeholder shall be entitled, in
person or by proxy, to a vote for every share
owned by him, and all elections shall be
held under such rules and regulations as may
be determined bv the board Of directors. after
shall have been sent to each stockholder al
his last known address. The directors thus
elected shall continue in office Tor one year
or until their successors shall nave been
duly elected and qualified. No failure to
elect shall be regarded forfeiture Of this
charter. Any vacancy occurring on SAID
board shall be filled by the remaining d..
rectors for the uneXpred' term; the said
board shall likewise elect the additional
members in case they should determine TO
increase the number of said board. The
said board of directors shall, at its first
meeting after its election nominate out OF
its number president wee president, a
secretary and treasurer. Said board shall
have the right to consolidate any two OF
said officers into one, or segregate said OF.
| ficers, as also their right TO appoint and
dismiss such clerks, managers and other en-
| ployees of the corporation as conditions may
| Justify or the business of the corporation
may require The tenure Of office of all
| the employees of the corporation shall be
during the pleasure of the board OF directors.
| ARTICLE Vino stakeholder shall ever
| be held liable or responsible for the contracts.
| faults or debts of said corporation nor shall
| any informality in ITS organization
have the effect OF rendering thus charter null,
| or of exposing a stakeholder to any liability
| beyond the unpaid balance due on stock
| owned by him.
I ARTICLE Widths act OF Incorporation
| may he changed. modified or altered, or this
| corporation may he dissolved. with the as
sent of the stockholders owning twothirds
| of all the stock OF the corporation, at a gen
eral meeting convened for that purpose, after
at least fifteen days written notice of this
| meeting has been given through mail, ad-
dressed to each stockholder, at his last
| known address. In of dissolution by
| the expiration of this charter or otherwise,
| the stockholders shall elect three liquida
| t1-s from among their number. to liquidate
| and settle the business and affairs OF the
| ARTICLE VIII-Twenty thousand dollars
/ have been subscribed TO the capital stock OF
this corporation, as follows to-wit; Angelo
| Gloroso, 53l St Ann St, New Orleans, La,
one hundred and fifty shares, $l5,OO00; JOS
! eph CangelOs, 1924 Decatur ST.. New Orleans
La, thirty shares. $4,000; DIR. ID. Meren
dino 1889 Bourbon St. New Orleans, La
y. Claiborne Ave-. New Orleans. La, ter
| ARTICLE IN-Until the election to bt
held on the second Thursday in January
1919, the following shall constitute the
first board of directors, viz: Angelo
Glorioso. Joseph Cangelosi Dr. d. Merendint
and Gaetano De MaJo, OF whom Angelo Glori
oso shall act president, Joseph Cangelos
Nice-President, and DR. d. Merendino a
| Secretary.
Thus done and passed in my office at til,
City of New Orleans. on the day and dat
first above written, in the presence OF Johl
!. Wingrave and L: de LacroiX, both OF TIL
City. competent witnesses, who sign thes
presents with said appearers and me, Notary
after due reading Of the whole.
| Witnesses John J. Wingrave L. de La
croix. THEO. COTONIO. Notary Public.
l, the undersigned, Recorder of Mortgage:
in and for the parish of Orleans, State O
Louisiana, do hereby certify that the abov
and foregoing Act of Incorporation, OF tn
New Central Canning Co.. Inc, was this da
duly recorded in my office, in Book l22
folio 597. New Orleans. August %. l9l
CSigned EMILE ]. LEONARD by. r.
true copy of the original. THEO. COMIC
MO, Not. Pub.