The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-08
April 10 May u.


CHARLES SCHNEIpAI-.
/ April May u.
CHARTER OF THE GIIINSkY FRUIT
COMPANY OF LOUISIANA
United States OF America. State of Lou.
iSiana, Parish OF Orleans. city of New
Orleans.
. BE il known. that on this first day OF
the month of April. in Ia" year of ouI
Lord one thousand min" hundred. and
/ nineteen and of the lHtDppuuputp of the
United states of America the one hun.
dred and fOrty-third: Before me. Arthur
y. Moreno, II Notary Public. duly com.
miS>iOned and qualified, in and for thi,
City and the Parish of Orleans therein
residing. and in the presence of the here.
matter named and undersigned witnesses
personally came and appeared the follow.
ing persons whose names ar" herruntC
subscribed. together with the amounts OF
/ their respective subscriptions to the
capital stock of the corporation to be
formed, who Severally declare that avail
ing themselves of the provisions of tn,
general laws of the State of Louisiana
relative to the organization of corpora.
tiOnS. they have Covenanted and agreed
and do by these presents covenant and
agree. and bind and obligate themselves
as well such other persons as may
hereafter become associated with them 81
( their successors, to form and constitute
/ themselves into corporation and body
T polite in law. and for the objects and
purposes and under the agreements and
stipulati0nS following. tO-wit:
ARTICLE The name and title of
this corporation shall he the GilinSky
Fruit Company of Louisiana and by that
name said corporation shall have power
and authority TO have and enjoy success
sion for the full term of ninety-nine years
from the date hereof: to contract, sue
and he sued; to borrow money: to make
and issue its negotiable promissOry notes
nfI, a Ii.
create debts; to make and use a corporate
seal: to purchase, and receive. lease hold.
sell and convey. well mortgage and
hypOthecate. property. real. personal
ana mixed to name and appoint such
officers and agents as the interest of said
corporation may require; and 10 make
and establish such bylaws and regula-
lions for the proper management and
regulations of its affairs as may b. deem
ed necessary. and the name to change,
alter and amend at pleasure.
ARTICLE U.-The domicile of this
corporation shall be in the Town of Lock
port. Parish of LafOurche State of Lou
iSiana. and all citation and other legal
process shall be served upon the preSi-
dent of said corporation. or in case of
his absence upon the yice-preSident. or.
in case of the absence of both of these
Officers. upon the secretary thereof.
ARTICLE III-The objects and pur-
poses for which this corporation is es-
tabliShed. and the nature of the business
TO he carried on by it. are to buy and
sell, TO import and export, to buy and
sell on commission fruits, vegetables.
nuts, dates and edbleS of whatsoever
kind and other things: to buy and sell
lands; to cultivate cotton, fruits. nuts.
vegetables and other food stuffS and to
do everything and every act of whatSO-
ever nature and kind essential to or gen
orally done in connection with the bust
ness of general merchandising.
ARTICLE IV.-The capital stock of this
corporation shall be S25. 10000. divided
into 80 shares of the par value of 500 GO
each. and may be increased to the sum
of S25O.000.00 divided into 300 shares of
the par value of $4,000 each. and this
corporation is to be a going concern when
one-half of the capital stock has been
subscribed for. Each share of the stock
shall be entitled to one vote. either in
person or by proxy. ut all general cleo
tons or meetings of stockholders. Should
the capital stock of this corporation ever
be increased over the sum of S25.000.00
then such additional shares of stock that
may be issued shall first be offered to the
holders of stock ut the time of issuance
at the book value of said new stock in
the proportion in which the said stock
holders shall at the time of issuance hold
stock in this corporation
ARTICLE N.-No stakeholder shall ever
be held liable or responsible for the in
debtednpSS, faults or defaults of this cor
pOratiOn nor shall any mere informally
in the organization of the corporation
have the effect of rendering the charter
null or of exposing the stockholders to
any liability beyond the unpaid balance.
if any. on his stock subscription. MOULD
any stakeholder desire to sell his stock,
he shall first offer the same to the stock
holders of the company at its book value
through its board of directors and the
stockholders who desire to purchase shall
have the right to purchase the same in
the proportion to their holdings of stock
in the company. Should said stockholders in
fifteen DAYS after having hppu
in writing fail or refuse to purchase the
stock offered for sale. such stock may be
sold to any one. No transfer of stock
shall be made or held to be valid and
binding unless made in pursuance of the
provisions of this charter.
ARTICLE NI.-This corporation shall
have all powers granted to such corpora
tons by law and shall have the power to
contract, sue and he sued in its corp
pOrate name. and TO own. hold. receive.
loan. lease. purchase. sell and convey or
mortgage any and all of its effects. or to
hypothecate its property and to do any
and all acts and things of any other kind.
nature or description. may be necessary
TO carry out the objects and purposes of
said business as its interests and con
veniences may require.
ARTICLE NII.-The business of this
corporation shall be directed by and
vested i'll a board of directors of three,
two of whom shall constitute quorum
for the transaction of business and the
said directors as first constituted shall
be Albert +. GilinSky. :. +. GilinSky and
Phil 'iilinsky and they shall hold office
until the first Tuesday of April 1920 and
on that day and on the same day there
after elections shall be held annually for
directors ut the principal office of the
corporation. Failure to hold an election
on the day specified shall not dissolve
the corporation, but the directors in office
shall hold their respective offices until an
election shall be held after thirty days
notice of the time and place thereof given
to each stakeholder. The annual election
shall be held on. the first Tuesday OF
April. 1920. and thereafter on the first
Tuesday of April of each succeeding year,
and the election shall be held between
the hours of ten and twelve a. III.
all vacancies on the Board of D-
rectOrS for whatever cause shall
be filed by the remaining directors.
Albert f. Gilinsky shall he the first preS-
dent and treasurer. s. f.. GiIinSky shall
10 the first vice president and Phil GilinSky
shall beVhe first secretary and they shall
hold office until the first Tuesday in
April. 1920 or until their successors are
elected. and each succeeding board of di-
rectorS shall elect it's principal officers for
the term of their election and only stock
holders shall he eligible for election rs
member of the board of directors. Direc-
tors may act either in person or by proxy.
ARTICLE NIII.-Whenevpr this corpora
ton is dissolved. either by limitation or
for any other cause, it's affairs snail he
ltF,0, I.e. 49, .NfI sftn