The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-11
CHARTER

rice and the by products thereof and any other
| product or commodity for its own account as
we'll as for others on commission, on such
| terms and conditions as will seem best 70 the
/ BOARD of Directors and to do any and all acts
necessary or Incidental TO the proper and
effective conduct thereof
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum OF
! Twenty Five Thousand Dollars (S25O00OD
/ represented by Two Hundred and Fifty shares
/ Of One Hundred Dollars QO00O) each, to be
| paid for in cash or other valuable considera
| ton to be determined, by the Board OF
! Directors
| The capital stock of this company may be
! increased to One Hundred Thousand Dollars
! (SlO0,OOOO0) according to law.
! This charter when recorded shall represent
! the original stock subscription list required by
| law and the subscribers thereto have res
| pectively written opposite their names, the
amount of stock subscribed by them in this
| corporation, and they have stated their post
office addresses 50 as to conform with act
| No.367 OF 1914.
| ARTICLE V.-All the corporate powers
OF this corporation not reserved by law to the
| stockholders shall be vested in and eXer-
| cised by a Board Of Directors 10 be composed
| of not more than three stockholders, a major
ity Of whom shall constitute quorum to tran
sact business Said Board Of Directors shall
elect from their number a President, a Vice
President and a s ecretary- Treasurer. The
Directors shall be elected annually by ballot
by the stockholders of the Company on the
second Saturday Of August of each year and
until the annual election to be held IN w.
the said Board of Directors shall be composed
Of Marched G.. Gelpi, David Burkenroad and
Viven J. Gelpi Should the annual stock
holders meeting not take place, as ABOVE
stated, the said Board Of Directors shall hold
office until their successors have been elected
and qualified Any vacancies occurring IN
said Board shall be filled from other stock
holders by the remaining directors tor the
unexpired term
ARTICLE VI.-This Charter may be modi-
fled. changed or altered or this corporation
NAV be dissolved with the assent of three
four,hs of the capital stock represented at a
general meeting of stockholders convened 10.
that purpose after ten days previous notice
shall have been given to each stockhoIdcr
mailed TO his last residence. as II appears
on the books of the Company
ARTICLE VII-No transfer Of stock shall
be admitted or held to be valid OF pinuins
so far as the company IS concerned, unless
made upon the books of the company. nc
| sale of stocks shall be valid unless such sale
! is accompanied by written certitcate sighcG
| bv the President, or Vice President and
| Secretary Treasurer of the company, TO me
effect that such stock is offered to the remain
! inc directors proportionately through the
! Roard of Directors at its book value Tor
period of ten days, and they have failed oil
| declined to purchase same
Thus done and passed at my office in the
city of New Orleans on the day ana odt'
herein first above written, in the presence o.
! |. II. c. Solanas and II. Bellott, competent
witnesses. who hereunto sign their name
with said appearers and me, Notary, ate'
reading of the whole.
Witnesses /. H. c. Solanas,. H. Beilott
Original Signed NJ. G. Gelpi, 1926 n
Lopez ST., n. o., La, 50 shares Davi'
Burkenroad SPA Prytania St, n. o.: La:
| 50 shares; Rene Nicaud 1925 n. Lopez ST, \
| O.. La. 50 shares; V. J. Gelpi 1872 Esplanadt
Ave, n. O., La, 50 shafes
JAMES J. A. PORTER,
| Notary Public,
| I. the undersigned, Recorder of Mortgages II
and for the Parish of Orleans, States o.
! louisiana do hereby certify that the above
| and foregoing Act of Incorporation, of the NJ
| G.. Gelpi Co., Inc. was this day duly recorded
| in nv office in Book 1881 Folio 81.
New Orleans, July 81, 1919.
EMILE J. LEONARD, by. R
I, the undersigned Notary do hereby certify
| that the above and foregoing is a true anc
correct copy of the original act of record II
| my office
| In faith whereof have hereunto set my
| hand and affixed the impress of my Otticia
! Seal this 81 day of July, 1919.
JAMES J. A. FORT1ER,
Notary Public
Aug 81; Sept4-25