The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-09
CHARTER OF III. GRABENHEIMER &
SONS, INC.

United States of America, State of Louisi-
ana, Parish of Orleans, City of New Or
leans. Be it known that on this Both |
day of August, One Thousand Nine Hun
dred and Nineteen. and of the Indepen-
dence of the United States of America, |
the One Hundred and Forty third, before |
me, EldOn S. Lazarus, a Notary Public |
duly commissioned and qualified in and |
for the Parish of Orleans, State of Louisi- |
ana, therein residing, and in the presence |
of the witnesses hereinafter named and |
undersigned, personally came and ap-
peared, the several persons whose names |
are hereuntO subscribed all of the full age |
of majority. who Severally declared to |
me- Notary, that availing themselves of
the laws of the State of Louisiana in !
such cases made and provided, and more |
particularly of Act No. 267 of the General !
Assembly of Louisiana of 1914, as amend |
ed relating to the creation, organization !
and formation of corporations, they have
cOvenanted and agreed, and by these pres
entS do covenant and agree and bind them
selves as well as all such other persons as
may hereafter become associated with
them, to form corporation for the objects
and purposes, and under the articles and
Stipulations following, to-wit:
ARTICLE 1.-The name and style of
this corporation shall be II. Grabenheim-
er Il Sons, Inc. and under its corporate
name it shall have power and authority
for a period of ninety-nine years from
this date unless sooner dissolved by liquid
alton or otherwise; it shall have power to
contract, to sue and to be sued, to make
and use a corporate seal, and to alter and
break same at pleasure; to hold, release
receive, purchase transfer, assign, convey
mortgage, hypOthecate, pledge or other
wise receive or dispose of property. real
personal and mixed, corporal or incOr-
poreal; to issue bonds, and if desired to
secure the same by mortgage; to buy and
hold stock in other Companies; to name
elect and appoint such managers. agents,
directors, or officers as its business in
tereStS may require, and to make and es-
tablish, alter and amend, bylaws, rules
and regulations for it's proper government
as may be deemed necessary and proper
and generally to do any and all things
incident to or necessary and proper for
the proper conduct and expansion of the
business in which the corporation is en-
gagged.
ARTICLE II.-This corporation shall
be domiciled in the City of New Orleans
Louisiana. and all citations or other legal
process shall be served upon the President
of the corporation, and in the event of
that officers absence, upon the Vice Presi-
dent, and in the event of the absense of
both, upon the Secretary Treasurer.
ARTICLE III.-The objects and pur-
| poses for which this corporation is or
ganized and created, and the nature of
the business to be carried on by it are
hereby declared to be as follows;
To buy, sell, or otherwise Acquire or dis
| pose of at wholesale or retail, goods wares
and merchandise, of any and all kinds
and descriptions, but more particularly
| groceries, meats grain and foodstuffs gen
orally, and such other merchandise as
Is usually carried by groceries; to con-
| duct and carry on such other business.
either as principal or agent, for it's own
account or for the account of others, as
| may be found necessary and convenient
properly to effectuate the aforesaid pur-
poses or to enhance the prosperity, and
the value of the properties, rights and
privileges, of this corporation.
ARTICLE IV.-The Capital Stock of
| this corporation is hereby fixed at the
sum of Fifty Thousand ($5OOOOOO Dol
lars, divided into, and represented by Five
! Hundred Shares, of One Hundred $500
0O) Dollars each. Said stock shall be paid
for in cash or its equivalent as provided
by law, and in such manner and at such
| time and in such installments as may be
prescribed by the Board of Directors. The
Capital Stock may be increased to one
Hundred Thousand (s1O0,OO0.OO) Dollars to
! berepreSented by one thousand shares
of One Hundred Dollars $4,000 each. All
stock of this corporation shall be full paid
and on-asSeSsable and shall be repres-
Board of Directors may determine, signed
by the President or Vice-President and
the Secretary Urea Surer. and sealed with
the seal of the corporation.
ARTICLE v.-The stock of this corpora
ton may be transferred only on the books
of the corporation, and subject to such
regulations and fOrmalities as may be
prescribed from time to time by the Board
of Directors. No stakeholder shall be
permitted to sell, or otherwise to dispose
of his stock without first offering the
same in writing to the other stockholders
through the Board of Directors. at price
not exceeding the book value thereof, and
the stockholders shall have an option and
first right to purchase for cash all the
shares of stock to be thus disposed of BY
sale or by the death, resignation or other
wise of any of the stockholders Of the
corporation. and shall have a period OF
ten days within which to accept to decline
such offer Of stock.
Upon the failure Of the said Board OF
Directors or the stockholders to exercise
within the time stipulated the option thus
granted to them, the stockholders who de.
Sires to sell otherwise dispose of his
stock Tor his heirs) shall be at liberty t.
sell or otherwise dispose of his said stock
in such manner and at such price as he OIL
they may see fit. But the stock of thi:
corporation shall be non-negotiable and
non transferable, except under the con
ditions and stipulations hereinabove SCI
forth, and no transfer Of stock whatso
ever shall be binding upon this corpora
ton until and unless made upon its books
ARTICLE VI.-The corporate powers Of
this corporation shall be vested in ,anC
exercised by, a Board of Directors com
posed of not less than four nor more thai
six stockholders, three of whom shall a
all times constitute quorum for the tran
saction of business. The Directors o.
this corporation may vote in person o.
bv written proxy at any Of the meeting
of the Board of Directors.
| Tho f;rct poord oF n;rootar. - tb;s MN,
pany shall be composed Of the following
Mrs Fl. Grabenheimer, 1900 Peters Ave
New Orleans, La, Norman Grabenheimer
so Magazine ST., New Orleans, La, sgd
, ney III. Grabenheimer $50 Magazine st
/. New Orleans, La, Eldon s. Lazarus, 202
Octayia ST.. New Orleans. La, Alphons
Hirsch, Fayette, Mississippi. John J
Broders, 500 Magazine ST., New Orleans
| La.
: These Directors shah serve until the Sec
ond Monday in August, 1920, or unit
their successors shall have been electe
and qualified. The Directors shall b
elected annually by the stockholders at
: meeting of stockholders to be held on tn
first Monday in August each year. Motto
of such meetings shall be given fiftee
days prior to the date thereof in writing
and shall be sent to each stakeholder q
his last known address. Each stock
E holder shall at such annual meeting o
other meeting, general or special, be er
e titled in person or by proxy to one vot
e for each share of stock owned by hin
e Elections shall be held under such rule
e and regulations as may, from time I