The herald., 1919-06-05
CHARTER OF S. sEGARI & CO., INC.

United States OF America, State OF LOUIS
lana. city OF New Orleans. De II hiio"- ~
mat on this seventh day Oh lie iho't -
Nav, in the year one thousand, nine n na
dred and nlneteen; before me, feliN }. DieS
,,rs a Notary Public, duly commissioners
and sworn in for the PARISH ot orleans anu
CIV of New Orleans, therein resldihgi pei
sonallv appeared the persons whose hd,AeS
w h.rsrnTo subscribed, who declared that,
availing themselves of the provisions Oh tne
laws OF this State, relative to the oisa iH.
ton of corporations, and more patisuSl"'y
Act No. 267 of the General io, Ass ,L ave
covenanted and agreed and do, by thesS
presents, covenant and agree, oind' IoIaii anu
constitute themselves as well as suen $50
persons who may hereafter JOIN Oh oas
associated with them into corporau9 VI
hodv politic in law, for the objects ana puI-
doses and under the agreements anu sHpu
lations following. to-wlt:
ARTICLE 1.-The name and style OF TINS
generation shall be: rs. Segari and o.,
Inc.," and under that name II shaai ha "A
and enioy all the rights, privileges, and al
| yantages granted by law to corporationsi ~
| shall exist for the period OF nlnety-nihe
years from this day; 1t shall nave inc poMe
| to contract, sue and be sued IN It's eolPoIaiie
name: TO make and use a corporate scar ;
and the same to break or alter at pleasure'
| TO hold receive, purchase, convey MOI tsdse,,
hvpothecate or pledge property, ootn redi anu
personal; to issue bonds, notes and other
onl o.
| have and employ such managers, directors
officers agents and other employees as inc
| interest and convenience OF said corporation
NAV require or demand; to make ana estao-
lish such bylaws, rules and reguiations ~. ~,
| the corporate management and control OF the
| affairs of the corporation as may be deemeo
necessary and expedient.
| ARTICLE 1.-THE domicile Of said cor,
poration shall be established IN the Cry Q,
New Orleans, State of louisiana, ana an
L II
served on the President. in his absence, on
the Vice-President, and in the absence OIL
both, on the Secretary Treasurer
ARTICLE III.-The objects and purpose;
for which this corporation is organized and
the nature of the business to be carried or
NV II are hereby declared to De: to deal IN
b,v. sell, consign and to receive on consign
ment. fruit, produce, and other food stuti'
and generally to engage IN any o'her ousi
| ness undertaking or enterprise connectee
dental. TO any of the objects and purpose:
lhereinabove set forth or contemplated by
this Charter.
ARTICLE IV-The capital stock of thi:
corporation is fixed at the sum OF One hun
dred and Fifty Thousand (SlSo9oo9ol Dol
lars. divided into fifteen hundred shares Of
the par value of One Hundred Dollars each
No transfer of stock shall be binding upor
the corporation unless made upon us DOCKS
and all certificates of stock shall be signed
1
the Board of Directors. This corporation
shall have the right to increase its capita
stock to the further sum of Two Hundred ano
Fifty Thousand ($250,000 OO dollars, to Dc
divided into shares, Of one hundred rec. ooriaI
stock shall have been authorized by the stock
holders at meeting to be held pursuant tt
i the provisions of Article V of this charter
! ARTICLE V.-All the corporate powers o.
the company shall be vested in, and ths
management and control of its affairs shai
be exercised by a Board of Directors com
posed of three stockholders, the member
ship of which may be increased to mum
Der not exceeding five by the Board OF ID
rectors at any of its regular meetings.
majority of the directors shall constitute
auorum for the transaction of all business
The directors shall be elected annually b,
ballot on the second Monday in March II
each year Each stakeholder shall be en-
titled in person or by proxy, to a vote TO
every share owned by him, and all cleo
lions shall be held under such rules ant
regulations as may be determined by thu
Board of Directors, after fifteen days no
tice by mail of such election shall hav'
known address. The directors thus electet
| shall continue in office for one year, or unit
, their successors have been duly elected ant
qualified. No failure to elect shall be re
garded as forfeiture Of thu; charter r., An:
filled by the remaining directors for the I'm
. expired term; the said board shall likewis
elect the additional member in case the,
| should determine to increase the number o
. said board. Said board shall, at its frs
! meeting after its election, nominate out o
its number, a president, Vice'Presiden
and a Secretary Treasurer; il may divid
, the functions of the last named officer an
may even elect secretary who need not D
a director. Said Board of Directors shall
have the right to appoint and dismiss sue
Secretary. clerks, managers and other en-
{ ployees of the corporation as conditions ma
: Justify or the business OF the corporatio
. may require. The tenure of office. OF a
I the employees of the corporation shall b
!. during the pleasure of the Board of Director!
: ANY of the directors or officers shall hav
I the right to appoint, by written instrument
Q another director or stakeholder 10 act as hi
e proxy and in his stead at any and all NEE
ings of the Board of Directors.
ARTICLE Vino sale or other transfe
of shares of stock in this corporation sha
S be valid until and unless the opportunity ha
e been first, afforded the shareholders of rec
s ord at the date of such transfer, sale Z
= other alienation to purchase such stock ;
e book value plus ten per cent the value
: be ascertained in the manner herein sui
o scribed. The right TO acquire said stock her'
IS by first vested in the other stockholders
? record shall follow the stock into any hand
n to which II NAV pass and may be exercise
y against the holders thereof within fiftee
'e DAYS from the time any sale or transfs
I: thereof has been offered TO be entered 9
II the books Of the corporation. II shall
D the duty of any holder of stock in this co
N noratior who intends or desire to sell. tran
!; fer. ALLEVIATE or otherwise dispose Of Il
Il