The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-04
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 10 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 (S25,OOOOOl,
represented by Two Hundred and Fifty shares
Of One Hundred Dollars QOOUD each, to be
paid for in cash or other valuable considera.
ton 10 be determined, by the Board OF
Directors.
The capital stock Of tins company may be
increased TO One Hundred Thousand Dollars
(Sl0O,OOOCO) 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 tn
corporation, and they have stated their post
office addresses 50 as to conform with act
No.267 Of 1914.
ARTICLE V.-An the corporate powers
Of this corporation not reserved by law TO the
stockholders shall be vested in and eNer-
cised by a Board Of Directors TO be composed
of not more than three stockholders, major
ty Of whom shall constitute a quorum to tran
sact business Said Board of Directors shall
President and a $ ecretary-TreaSurer. The
Directors shall be elected annually by ballO,
bv the stockholders of the Company on the
second Saturday Of August of each year and
until the annual election to be held IN ",
the said Board Of Directors shall be composed
of Marched G. Gelpi. David Burkenroad and
Niven 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
A., r,-ia no
said Board shall be filled from other stock
holders by the remaining directors for the
unexpired term
ARTICLE VI.-This Charter may be modi
fed changed or altered, or this corporation
NAV be dissolved with the assent of three
fourths of the capital stock represented at
general meeting of stockholders convened To-
that purpose. after ten days previous notice
shall have been given to each stocKhoide
mailed to his last residence, as II appear
on the books of the Company.
ARTICLE VII-No transfer OF stock shal
| he admitted or held to be valid. or binding
so far as the company IS concerned unles
| sale of stocks shall be valid unless such san
| is accompanied by written certificate signe'
! nv the President, Vice President an
| Secretarv-Treasurer of the company, TO IN
effect that such stock IS offered 10 the re''din
ing directors proportionately through III
| Roard of Directors at its book value tor
neriod Of ten days and they have failed 0
| declined to purchase same:
Thus done and passed at my office IN IN
| civ of New Orleans on the day and dat
herein first above written, in the presence Q
II II c. Solanas and II. Bellott. competen
witnesses, who hereunto sign their name
with said appearers and me, Notary, ATE
reading of the whole.
Witnesses: /. II. c. Solanas, II. Bellot
| (Original Signed NJ. G. Gelpi, 1926 y
Lopez St. n. O., La. 50 shares; Day.
Burkenroad 52l4 Prytania St, n. u. La
20 shares; Rene Nicaud 1926 \. Lopez ST,
O., La, 50 shares; V. ]. Gelpi l4S2 Esplanad
Ave, y. O., La, 80 shares.
JAMES J. A. PORTER.
Notary Public,
I. the undersigned. Recorder of Mortgages
and for the Parish of Orleans, States {
louisiana, do hereby certify that the abov
and foregoing Act of Incorporation, OF the N
G. Gelpi Co., Inc. was this day duly recorde
in nv office in Book 1921 Folio 81.
| New Orleans. July 81, 1919.
EMILE J. LEONARD, by. +
I, the undersigned Notary do hereby certif
that the above and foregoing is a true an
correct copy of the original act OF record l
my office
In faith whereof, I have hereunto set M
hand and affixed the impress OF my Otticii
Seal this 81 day of July, 1919.
JAMES J. a. FORTlER,
Notary Public
Aug 81; Sept-425