The herald., 1918-04-18
CHARTER

board directors shall consist of Gaetano de
MaJo, Salvador Lupo and Anthony Saladino,
all of said directors being residents OF the
City OF New Orleans, Louisiana, OF full age
OF majority with GaetanO DeMajo as Pres
ldent-General Manager, and Salvador Lupo
as Secretary-Treasurer, VINO shall hold
their respective Offices as Directors and Off
GERS until the second Monday in January.
and qualified; 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 stakeholder shall be enti-
| tied in person or by proxy, to a vote for
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 dI-
rectors and after fifteen days notice of such
election shall have been sent by mail 10 each
stakeholder at his last known address. The
directors then elected shall continue IN
office for year, until their successors
shall have been duly elected and qualified.
Any vacancy occurring on said Board shall
| be piled by the remaining directors for the
unexpired 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, AT its first meeting after its cleo
tion 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 (2)
Directors shall constitute a quorum for the
transaction of all business and the president
shall be entitled to one C) vote in all cases.
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
srtrh Of Sary and m nj
authorize the issuance of obligations or
assume the same; to make all necessary
leases or sub-leaSeS. contracts and agreements,
hire, employ and discharge all Oyicers, clerks,
agents and employees and to TX all salaries
and compensations; to open branches and
establish agencies, and to do all things
necessary for 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 two-thirds Of
all the stock issued at general meeting of
the stockholders called for that purpose.
Thirty days 900 previous notice of such
of the daily newspaper of the City of New
Orleans. and copy of said notice mailed by
registered letter to each shareholder at his
last known address.
Article VII-No stakeholder of this cor
poration shall ever be held liable or respOns
ible for the faults contracts of this cor.
poration in any further sum than the unpaid
balance due the coporation on the shares
owned by him; no shall any mere informality
in its organization have the effect of rem
dering this charter null, of exposing a
stockholder to any liability beyond the
amount of his unpaid stock.
Article VIII-Whenever this Corporation
may be dissolved by the expiration of this
Charter or otherwise, the stockholders shall
elect two (p) lqudators from among their
numbers at a general meeting OF the stock
holders held as herein provided. The liqul-
dators shall continue in office until the full
liquidation of the corporation. or in case OF
the death of either of them. the remain ne
liqudator shall continue said liquidation
until the shareholders shall see fit to elect a
successor to fill such vacancy.
Article IX-Eleven thousand seven hundred
dollars (Sll,7O0OO) have been subscribed to
the capital stock of this corporation, as fol-
lows:
Gaetano De Majo, 124O N Claiborne Ave,
l24O N. Claiborne Ave, New Orleans, La,
50 shares; Anthony Saladine, 1908 Bayou
Road New Orleans, La, share.
Thus done and passed in my Office at the
Nlty OF new orleans, on the Jay ana udtc
first above written, in the presence of John
]. Wingrave 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.
|, 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
New Orleans. March 9th, 1918.
(Signed) EMILE J. LEONARD. D. r.
l hereby certify that the above and fore
going is true and correct copy of the
original act on file in my notarial office.
THEO. COTONIO, Not. Pub.
Mach IA p % Apr II IS