The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-21
CHARTERS

In the event of an increase of the capital
stock the additional shares shall be hrst
offered to the stockholders and II they should
decide to purchase the stock then each OF
the stockholders at the time shall have the
right to participate in the purchase to the
extent of the proportion of his holdings in
the Company.
Article V.-All the corporate powers of
this corporation shall be vested in and the
management and control of its affairs shall
be exercised by board of directors com
posed of three stockholders. The first
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-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 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 stockholder shall be enti
| tied in person or by proxy, to 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 dl-
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 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 tor the
unexpred 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
,snlf tie any ttUn nf
one, or segregate said officers. Two ~
Directors shall constitute a quorum for the
transaction of all business, and the president
shall be entitled to Cd 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 OF
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 ana
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 employees shall
be considered employed by the year unless
contracted with in writing.
Article VI-This Act of Incorporation may
be changed, modified amended, or the
capital stock may be increased or decreased
by and with the consent of two-thirds of
all the stock issued at a general meeting OF
the stockholders called for that purpose.
Thirty days 900 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 or respons-
ibe for the faults contracts of this cor.
poraton in any further sum than the unpaid
balance due the cooperation on the shares
owned by him; 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
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 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
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, l240 n. Claiborne Ave,
New Orleans, La, So shares; Salvador Lupo,
l240 n. Claiborne Ave, New Orleans, La,
IS shares; Anthony Saladino, 1908 Bayou
Road, New Orleans, La, 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.