The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-25
CHARTER.

agents rs TIA" interest aud convenience 81
the corporation may require or demand anc
to make such bylaws, rules and rcEulI
tion> for the corporate management and
control of it, business AMI affairs as may
be deemed necessary and rNpedi"nt.
ARTICLE II.-Thr domicilc of the said
corporation shall b" in the city of New
bri'Hu~. Sta,e of Louisiana. but it may
establish and maintain offices. branches,
and agencies throughout the United States
of America. ANA foreign countries. All
citations ANA other legal process shall be-
served on tn" president and in his alb
>rnr" on IN" Nic"-pr">idrut of the said
corporation. In the absence OF the pres
id"nt and vice president. then the process
shall b" served on the secretary of the
said corporation.
ARTICLE III-Thr objects and pur-
| poses of this corporation are hereby de-
rlared to be to engage in the wholesale
/ grocery business and the feed hay, grain
and produce business: to buy. sell eX-
! change, trade in all classes of merchan-
/ dl>e ana commodities of any character
and kind Whatsoever accessory to- or in
any wise related to. the grocery produce
! feed and provision trade; 10 manufac-
luft or TO cause to be manufactured,
| any and all wares and merchandise dealt
| IN related 10 the said business: TO Oper-
ut" Il bakery. or bakeries to import. eN-
port and TO store all commodities dealt in
IN SAID business; to operate. own, hire,
lease or rent stores, warerOOmS and ware
houses necessary to said business; to ac-
qulre ana own patents and trade marks
IN relation TO food StutfS groceries and
other merchandise: to issue notes. or
other evidences of Indebtedness in the
corporal" name and to mortgage. hypOthe-
cate and borrow in relation to anything
accessory to said business. as well as in
relation to the business itself: to own
real estate for uses in said business. or
accessory thereto and to all things re-
puISitc and necessary for the proper and |
successful conduct of the said business
ARTICLE VI.-The capital stock of this |
corporation is hereby fixed at the sum |
Of five thousand dollars (SjOOOOO) divided |
INTO one hundred shares of the par value
OF INV tSIO.Oo) dollars each. which shall !
be paid for in cash on the call of the
BOARD of Directors. or may be issued at |
not less than par for property purchased
by or services actually rendered to the
corporation. The capital stock of this
corporation may be increased TO Il sum
not exceeding three hundred thousand
iN5OO.oOO.uOD dollars which may be com |
mon or preferred, or both.
MI shares of stock shall be full-paid
and worcestershire. No transfer of stock
shall be binding upon the corporation
unless made upon its books and all certi-
fcate> of stock shall be signed by such
Officers aS may be designated by the
Board of Directors
ARTICLE N.-All the corporate powers
OF this company shall be vested in and the
and control of its business
and affairs shall be exercised 10y a Board
Dt directors composed of three stock
holders, which number may be increased
to not more than eleven. at the diScrc-
lion of the Board of Directors. \ MAORI
~ OF the directors shall constitute a
quorum for the transaction of all bust
Hess. The directors shall be elected an |
lually by ballot of the stockholders on the |
hlrd Wednesday in August of each year
MI elections shall be held under such |
Jules and regulations as may be deter
mined by the Board of Directors but
lfter 1t least fifteen days notice thereof
hail have been given to each stakeholder
~ notice thereof delivered personally
o each stakeholder. or by depOSiting in
he pO>t0ffica properly addressed, a notice :.
o each Stockh0lder. The directors thus 4
l"cted shall continue in office for one
ear or until their successors have been
iuly elected and qualified. All stock
olders shall be entitled, in person or by
written proxy. to one vote on each share
I stock owned by him and standing in
Is name on the books of the corporation
20 failure to hold an election shall be re- a
aried as a forfeiture of this charter -
ny vacancy occurring on the Board of u
directors shall he filled by the remaining
lr'ctorS for the uneNpired term. Said Z"
oard OF Directors shall likewise elect tho !t
iditiOnal member should they deter II
Inc to increase the number of the board NJ
herelnabOve provided. Said Board of -
directors shall elect from among its num- "
er president. vice-preSident and a III
'cretary treasurer. 1t may combine any CT
vo or more of said offices into one and ! Ct
aA elect secretary who is not a stock /,
older or director Said Board of Direct be
: shall have the right and power to ~
'Polht ana dismiss such clerks or other II,
nploNeS of the corporation including =,
- secretary who is not Stockbolder or -
rector as conditions may justify or the 90
lsIneSS of the corporation may require -
The tenure of office of all employees of m,
g corporation shall be during the plea 81
re of the Board of Directors IL,
The first Board of Directors shall be Di
imposed OF q. .. Mllwee Henry L. an
l1llipS and l. G. WaggOner with G.. o. ne
llwee as president, |. G. WaggOner as La
ce-president. and Henry l.. Phillips as il
rretary- treasurer and they shall con I'M
lue to hold office and to serve until d.,
err successors shall have been duly an
Acted and shall have qualified ms
ARTICLE IV.-No stakeholder shall rie
or be held liable or responsible for thq sal
ntractS, faults debts of this corpora- mr.,
IN, nor shall any mere infOrmality in for
organization have the effect or rend- tw
ing this charter null or of exposing n ~;
to any liability beyond the i
PAID balance due on the shares of stock sto
ned by him. S -
ARTICLE VII.-This act of incorporo of
n may be changed. modified or altered inf
,; ~ vi 'Mo-IhlruS or the persons val
nlng capital stock of this corporation 4
a meeting convened for that purpose A.
er notice thereof shall have been given t.,
thirty days, in the manner provided a.
Article of this act of incorporation
'vlded, however. that the objects and 4
rpOses for which this corporation is Cor
;aniZed shall not be changed or altered Tr,
the capital stock of this corporation in on;
ased to an amount exceeding the maxi tbe
IN herein fixed or decreased to an res
cunt less than the corporate indebted / ~.
IS without the consent and approval "a
the stockholders owning three fOurths
the issued capital stock of this CORPORA A
RTICLE VIII.-ThiS corporation NAV oo'
dissolved with the assent of the stock thol
uerS owning wO-thirdS of the issued One
ltal stock of the corporation at n was
ting convened for that purpose after VII
ice thereof shall have been given TO Saw
stockhOlder in accordance with the as
ms of Article of this act of incor-
alton. In the event of the dissoIu- "a
it's charter or otboruriso IL ,p l:.lon exel
affairs of tho cnrnoration iii 80 of I
led by three liquidatOrs to be elected IN
the stockholders from amono thai the
lber at the meeting which dacideS 70 twel
ldate. The fees and compensation Tor
said liquidators shall be fixed and de- bust
hlned at the meeting at which they ing
elected. Said liquidators shall have Com