The herald., 1918-02-21
CHARTER
OF "THOS. J. NELLY AND COMPANY
INCORPORATED.
State. q Louisiana, Parish of Orleans, City

INCORPORATED
State. Of Louisiana, Parish OF Orleans, City
Of New Orleans.
BE II known, That on this 2'rd day of
me month OF January IN the year OF our
Lord. one thousand nine hundred and
eighteen. before me-. Francis p R1rrs "". .
notary public in and for the Parish Of Or
leans, State Of Louisiana, duly commissioned
and qualified. and in the presence OF the
undersigned witnesses: Personally came and
appeared:
The several persons whose names are here
after subscribed, OF the full axe OF major
ny, who declared TO ne. that availing them
selves Of the laws OF This State relative to
the organization OF corporations. and more
especially OF Act 2o7 Of the Acts OF 1914
page 81, OF the Legislative Acts of this
State, they have covenanted and agreed, and
by these presents do covenant and agree for
themselves and their successors and assigns
TO form themselves into a corporation and
body polite for the objects and purposes
and under. the stipulations hereinafter set
forth. to-wit:
Article The name and title of this cor
porato1 shall he 'Ihos. J. Kelly and Com
pdny, Incorporated and under such title
It shall have and enjoy succession for
period Of nlnety-nine (99) years from date
hereof and shall have power and authority
to contract, sue and be sued, make and use
a corporate seal, the same TO break and
alter at pleasure; to hold, sell. lease, mort
gage, hypothecate. or pledge property. real
personal or mixed, necessary, incidental or
proper Tor the carrying on OF its business.
10 buy and hold stock in any other com
pany or companies that may assist this COM
pany IN Its objects and purposes; TO make
and issue notes and certificates of indebted
ness; TO name, elect and appoint managers
directors and clerks or other EMPLOYEES TO
properly conduct its corporate business and
20 make such bylaws, rules and reguIa-
tons as may be found necessary or desir-
ap4e Tor the management and business af
iaiTs OF TINS corporation, and generally to
90 every other act, matter or thing necessary
Tor the complete and proper carrying out of
said business.
Article 2-The domicile of this corporation
shall be in the City of New Orleans. Parish
OF Orleans. State Of Louisiana, where all
citation and other legal process shall be
served upon the president, or in the alb
sence OF the president, upon either of the
Independents, or in the absence of both
upon the secretary.
Article 3.-The objects and purposes eff this
corporation are hereby declared and stated
TO be:
To buy, SELL import, export prepare and
zeal and trade IN foreign and domestic
cheese. butter, Western dairy products eggs
sausage, bacon and other cured and rncured
meats. table delcacies and any other COM
nndlties, foods, goods things, and 10 do
generally wholesale grocers and provisions
Article 4.-(a) The capital stock of this
corporation IS hereby fixed at the sum of
One hundred thousand (slOO,OOOOO dollars.
divided into one thousand 1000 shares of
the par value of One hundred $4,000 dol |
lars each, provided that the amount TO which /
the capital stock of this corporation may be |
increased shall be Two hundred and fifty /
thousand (S25OOO0OM dollars.
Fifty per cent (50C1) of the capital stock
~ this corporation must be subscribed for |
before the filing of the articles of incor-
noraton. The subscribed capital stock of .
this corporation shall be payable in cash
and in property. real or personal
=. o. No stockholder shall ever be held
liable or responsible for the faults. con-
tracts or debts of this corporation in anv
further sum. than the unpaid balance due
he corporation on the shares of stock sub
'c-ibed for by him, nor shall any mere
ntomality in the organization have the
Effect of rendering this charter null or of
exposing any shareholder to any liability
Whatsoever.
tc) This corporation shall not engage in
business until Seventy-three thousand (s73..
10000 dollars of the capital stock shall have
'een issued and actually paid in. either in
ash or property, aforesaid If any of
he stock of this corporation is exchanged,
n whole in part, for property, in thar
vent the provisions of Section three of Act
81 OF 1914 shall be strictly complied with.
Article 5-All the corporate powers OF this
corporation shall be vested in and exercised
" Board Of Directors composed Of five (s)
tockholders. each OF whom shall own. in
rs own right. during his term of office.
I least one full-paid and unpledged share
+ the capital stock. which shall be shown
y his written declaration. Three 90 direc.
oIs shail constitute a quorum for the trans.
ctiGn OF business. Said Board of Directors
hall be elected annually on the second
londav in January, beginning with the wear
'IS. they, together with the officers elected
thenl, snail continue in office for one
ear or until their successors shall have
cen elected and indicted into office.
The election of directors shall be held in
1e ofhce OF the corporation under the su.
ervlsiOn OF two commissioners appointed nv
lie Board of Directors Fifteen days pre-
lous notice OF such election shall be given
tier, deposited in the post office properly
idressed to each stakeholder, as prescribed
y law. All elections shall be by ballot,
majority OF the votes cast shall elect and
presented by the holder in person Or by
ritten proxy Any vacancy occurring in
nd board from any cause shall be filled ,
r the unexpired term by the remaining ,
rectoTs. The Board of Directors shall at
eir hrst meeting each year. elect from I
eir number a president. a first vice-presi.
mt, second vice-president. a treasurer.
ID secretary, or the same person NAV be :
Geo ooth secretary and treasurer, or vice ,
esident and secretary or treasurer
Article 6.The first board of directors shall I
nsist OF Ihos. J. Kelly. 100 Tchoupitoulas I
= New Orleans. Louisiana. Geo. {. Kel. ,
her. 2l22 Cambronne ST.. New Orleans,
'uis N Geo. F; Ross. 400 Tchoupitoulas {
TchouPitOulas ST.. New Orleans, Louisi,
a. E. d. Segrave. 400 Tchoupitoulas ST.. I
w Orleans, Louisiana. with the said 6
los: J. Kelly, as president. Geo. C. Kelleher =.
hrst vice-presdent and treasurer. Geo. I
Ross, second vice-president and Edward
gu as secretary, and these directors and n
lcers shall serve until the second Monday U
January. 1912 or until their successors o
elected and indicted into Office, pro.
led the secretary shall hold his Office
ring the pleasure of the Board of Direc.o-e !
ArtIcle This charter may be modified.
anged, altered or amended. the capital
ck thereof decreased or increased, or this
poration may be dissolved with the as
II OF two thirds of all its stock. after
or notice in writing to each stockholder
mailed to him at his last known post. q
&c address in manner and form as pre- IL
ibed by law. n
Article Sat the expiration of this char III
Or earlier dissolution of this corporation: II