The herald., 1919-03-13
CHARTER.
CHARTER OF CRESCENT PRODUCE CO.
INCORPORATED.

limited States of America, State OF LOUIS,
lana Parish of Orleans. Be it known and
remembered, that on this Stn DAY Oh tle
month of February, l9l9i before me, her
bert W. Kaiser, Notary fuo,ic, uaiy On.
missioned and qualified, in and for the FAR
iSh and State aforesaid; and IN the pres,
enee of the witnesses hereinafter named anu
undersigned; personally came ana appeaiSIu
the persons whose names are hereunlo SUI
ser;bed. who declared that, availing them
ssi,es 81 The provisions of the laws OF the
state of Louisiana, and more particularly OF
Act No 267, of the General Assembly OF
die State Of Louisiana for the year gl4' they
have covenanted and agreed, and do by these
presents covenant, agree, bind, and ioI u
and constitute themselves, as well as sucn
persons who may hereafter join and become
associated with them, into a corporation ahu
body polite in law, for the objects ana puI-
poses and under the agreements ana stiPu-
lations following, to-wIt:
ARTICLE 1.-The name and style of this
orporation shall be Crescent Product %,
Trrnrnorated. and under that name it shall
have and enjoy all the rights, advantages ana
privileges granted by law to corporations
Ii shall exist for period OF ninety-nine
wears from date hereof, unless sooner as
solved: il shall have power and authority 10
sue and be sued in its corporate name; 70
make and use a corporate seal and to break
and alter the same at pleasure; to hold re-
ceive, mortgage, convey ana hyPotheSa'e
real, personal and mixed property; to have
and employ such managers, officers, agents
and employees as the interest and conven:
fence of said corporation may require; and
20 make and establish such laws, rules and
Regulations for the corporate management and
control of the business and affairs OF the
corporation, as may be deemed necessary and
expedient.
ARTICLE 1.-THE domicile of this cor
poration shall be the City of New Orleans,
State of Louisiana. Ali citation and other
legal process shall be served upon the
President and in his absence upon the Sec.
retary-Treasurer.
ARTICLE HI-The objects and purposes
for which this corposation is organized, and
the nature of the business TO be carried on
by it are hereby declared 10 be: TO conduct
and operate a wholesale or retail grocery
and produce business; to buy and sell flour,
cigars. cereals and all grocery and produce
supplies generally, and also to do any and
all things and acts, and engage in such other
business may be necessary, incidental to
or connected with the business herein stipu-
lated, or contemplated in this charter.
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at the sum Of
s2o,00o0o, which capital stock may be in
creased TO the sum OF SlO0OoO0. Said capi
tai stock shall be divided into 20 shares o.
the par value of $1,000 per share.
All shares of stock shall be paid for il
cash by the incorporators and shall be non
asSessable. No transfer OF stock shall be
binding upon the corporation unless mad,
upon its books, and all certificates of stocl
shall be signed by the president and tn,
Sccretary-Treasurer of the corporation.
ARTICLE V.-No stakeholder Of this cor
poration may offer for sale, SELL assign OF
transfer his stock in this corporation without
giving to the other stockholders thirty day.
prior notice of such intention. which notics
shall be given in writing TO the President OF
the corporation, and shall by said President
be made known TO the directors of the cor.
poration Immediately, and the other stock
holders shall have the privilege of purchas
ing said stock at the book value thereof
for a period of thirty days from the delivery
of said notice to the President.
ARTICLE VI-All the corporate powers
Of this corporation shall be vested in, and
the management and control of its business
and affairs shall be exercised by a Board