The herald. [volume] (New Orleans, La.) 1905-1953, 1919-02-27
CHARTER.
CHARTER OF CRESCENT PRODUCE CO.
INCORPORATED.

United States Of America, State OF Louis,
lana, Parish OF Orleans. BE 1t known ana
remembered that on this 9th day OF tne
month of February, 1912; before me, nel
bert w. Kaiser Notary Public duly COM
nissioned and qualified. in and for the Par
ish and State aforesaid; and in the pres,
ence of the witnesses hereinafter named ana
undersigned personally came and appeared
the nersons whose names are hereunto SUD
scribed, who declared that, availing them
selves of the provisions OF the laws OF the
State of Louisiana, and more particularly OF
Act No. 267, of the General Assembly Oh
the State of Louisiana for the year Dif' they
have 'coyenanted and agreed, and do by these
presents covenant, agree, bind, and form
and constitute themselves, as well as such
persons who may hereafter join and become
associated with them, into a corporation anu
body polite in law, for the objects and pur-
poses and under the agreements anu s'Pu'
iations following, to-wit:
ARTICLE 1.-The name and style OF this
orporation shall be Crescent Product %,
Incorporated, and under that name 1t shaii
have and enjoy all the rights, advantages ana
privileges granted by law to corporations.
Il shall exist for period of ninety-nine
wears from date hereof, unless sooner DIS
solved: it shall have power and authority TO
sue and be sued in its corporate name; to
make and use a corporate seal and to oreak
and alter the same at pleasure; to hold re-
ceiye, mortgage, convey and hypothecate
and employ such managers, officers, agents
and employees as the interest and conven.
fence OF said corporation may require; and
60 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. All citation and other
~L.n -
President and in his absence upon the Sec
retary-Treasurer.
ARTICLE 1II.-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 to 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 as 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
S29,0n0o, which capital stock may be in
creased to the sum OF Sl00OO0.00. Said CAPT
tai stock shall be divided into 30 shares of
the par value of $4,000 per share.
All shares of stock shall be paid for in
cash by the ineorporators and shall be non
assessable. No transfer of stock shall be
binding upon the corporation unless made
upon its books, and all certificates of stock
shall be signed by the President and the
Secretary-Treasurer of the corporation.
ARTICLE V,-No stockholder Of this cor
poration may offer for sale. sell, assign or
transfer his stock in this corporation without
giving to the other stockholders thirty day.
prior notice Of such intention. which notice
shall be given in writing to the President OF
the corporation, and shall by said President
be made known 10 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 Board