The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-14
CHARTERS

| OF majority with Gaetano DeMajo as Pres.
| ident-General Manager. and Salvador Lupo
as Secretary-IreaSurer, VINO shall hold
| their respective Offices as Directors and Off.
GERS until the second Monday in January,
1919, or until their successors are elected
and qualiied and annually thereafter. the
stockholders shall elect from among their
number a Board of Directors. consisting Of
three members. All such elections shall be
by ballot, and each stOckholder shall be emf.
tied IN person or by proxy. to a vote Tor
every share standing in his name on the
books OF the company. All elections shall
be held under such rules and regulations
as may be determined by the board Of ii
rectors and after fifteen days notice Of such
election shall have been sent by mail to each
stakeholder at his last known address The
directors then elected shall continue in
office for one year. or until their successors
shall have been duly elected and qualified
Any vacancy occurring on said Board shall
he piled by the remaining directors for the
uneNplred term; the said board shall like
wise elect the additional members in case
they should determine to increase the num-
Der OF said board. The said Board OF Direc-
tors shall. al its nrSt meeting after its cleo
ton nominate out of its number a president.
a general manager and a secretary and treas.
urer. Said board shall have the right to
consolidate any two Of said officers into
one, or Segregate said officers. Two 81
Directors shall constitute a quorum for the
transaction OF all business. and the president
The said Board Of Directors shall make all
bylaws, rules and regulations for the gov
eminent of the business and affairs OF this
company, and alter amend and change same
at pleasure They shall have full power TO
buy, sell, mortgage, lease pawn and pledge
any and all property, real, versonal or mixed
whenever in their judgment they may deem
such act necessary and proper. to issue Or
authorize the issuance OF obligations or
assume the same; to make ali necessary
leases or Sub-leaSes, contracts and agreements
hire, employ and discharge all oyicers. clerks,
agents and employees and to fix all salaries
and compensations; TO open branches and
establish agencies. and to do all things
necessary Tor the conduct OF the business in
places and communities outside the State
of Louisiana The said Board shall have the
right to delegate any OF its powers TO any
officer or officers or agents Of this corporation
and generally to do all things necessary for
the transaction OF the business and affairs
Of this corporation. and no employees shall
be considered employed by the year unless
contracted with in writing.
Article VI.-This Act Of Incorporation may
be changed modified or amended. or the
capital stock may be increased or decreased
by and with the consent of tw0-thirdS OF
all the stock issued at a general meeting Of
the stockholders called for that purpose.
Thirty days (S0) previous notice of such
meeting shall have been published in one
of the daily newspaper of the City of New
Orleans, and copy of said notice mailed by
last known address.
Article VII.-No stakeholder of this cor
poration shall ever be held liable or respons
ible for the faults or contracts OF this cor
poration in any further sum than the unpaid
balance due the cooperation on the shares
owned by him; no shall any mere informality
in its organization have the effect of rem
dering this charter null, or of exposing a
stakeholder TO any liability beyond the
amount OF his unpaid stock.
Article VIII.-Whenever this Corporation
may be dissolved by the expiration of this
elect two (pD liquidators from among their
numbers at a general meeting of the stock
holders held as herein provided. The liqui
dators shall continue in office until the full
liquidation Of the corporation. or in case of
the death OF either of them, the remaining
shall continue said liquidation |
until the shareholders shall see fit to elect a
successor to I'LL such vacancy.
Article IX-Eleven thousand seven hundred
dollars (Sll,7000O) have been subscribed 20
the capital stock of this corporation, as fol-
lows:
Gaetano De Majo. 124O n. Claiborne Ave.
New Orleans, La, IS shares; Salvador Lupo,
l2+o n. Claiborne Ave, New Orleans, La.
SO shares; Anthony Saladno 1908 Bayou |
Road. New Orleans, La, l share.
Thus done and passed in my office at the
City OF New Orleans. the day and date
first above written, in the presence of John
J. NlngTave and l.. de LacroiX, both OF this
city, competent witnesses, who sign these
presents with said appearers and me, notary,
after due reading of the whole.
(Original signed Names of Subscribers.
Witnesses: John J. Wingrave, L. de La
croix.
THEO. COTONIO, Not Pub.
l, the undersigned, Recorder of Mortgages,
in and for the Parish of Orleans. State of
Louisiana, do hereby certify that the above
and foregoing Act of Incorporation of the
Progress Grocery Co., Inc. was this day duly
recorded in my office in Book 1919 folio 425.
New Orleans, March 9th. 1918
(Signed) EMILE j. LEONARD. d. r.
| hereby certify that the above and fore
going is a true and correct copy of the
original act on file in my notarial office.
THEO. COTONIO, Not. Pub.
Mach IA 2l % Apr II IS