The herald., 1918-04-11
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
ident-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,
| 1919, or until their successors are elected
and qualified; and annually thereafter, the
| stockholders shall elect from among their
number Board of Directors, consisting of
| three members. All such elections shall be
| by ballot, and each stakeholder shall be emit
tied IN person or by proxy, to vote for
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
| 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
| 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
| ton nominate out of its number a president
| a general manager and secretary and treas
| urer. Said board shall have the right to
| one, segregate said officers. Two ~
| Directors shall constitute quorum for the
| transaction of all business, and the president
shall be entitled to one ID 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
| such act necessary and proper. TO issue or
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 FIX all salaries
and eompensstions; to open branches and
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
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
the stockholders called for that purpose.
Thirty days (30) 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
registered letter to each shareholder at his
last known address.
Article VII-No stakeholder of this cor
poration shall ever be held liable respons-
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
stakeholder 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) 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 !
liquidator shall continue said liquidation
until the shareholders shall see fit to elect
successor to fill such vacancy.
Article IX-Eleven thousand seven hundred |
dollars (Sll 10000 have been subscribed to |
the capital stock of this corporation, as fol- |
lows:
Gaetano De Majo, l24O N. Claiborne Ave.
New Orleans, La, So shares: Salvador Lupo |
l24O N. Claiborne Ave, New Orleans. La, |
s. shares; Anthony Saladine, 1908 Bayou |
Road, New Orleans, La, l share.
Thus done and passed in my Office at the |
City of New Orleans, on the day and date |
first above written, in the presence Of John |
J. 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.
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 AS |
New Orleans, March 9Th, 1918.
(SigneD EMILE J. LEONARD, d. R.
l hereby certify that the above and fore
going is a true and correct copy of the |
original act on T,i ne in cn ny notarial Office
Mach IA q % Apr 4 II IS