The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-02
CHARTER OF II. GRABENHEIMER &
SONS, INC.

United States of America State of LOuisi-
ana. Parish of Orleans. City of New Or
leans. BE it known that this 30th
day of August, One Thousand Nine Hun
dred and Nineteen. and of the Indepcn-
drnce of the United States of America.
the ON" Hundred and Forty third, before
me. Eldon $. Lazarus, Il Notary Public,
duly commissioned and qualified in and
for the Parish of Orleans State of IOuiSi-
ANA, therein residing. and in the presence
OF The witnesses hereinafter named ana
Undersigned, personally came and ap-
peared, the several persons whose names
are her"unto subscribed all of the full age
of majority, who SevcralIy 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
ent> 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
ana purposes. and under the articles and
StIpnlati0nS following, to-wit:
ARTICLE The name and STYLE of
this corporation shall he H. Grabenhcim-
or n Sons. Inc. and under its corporate
name it shall have power and authority
TO have and to enjoy corporate existence
for period of ninety -nine years from
this date unless sooner dissolved by liquid
alton or otherwise: il shall have power to
contract, to sue and to be sued. to make
and use Il 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 cS-
tahliSh, alter and amend, bylaws. rules
aud regulations for its proper government
as may be deemed necessary and proper
ana generally to do any and all things
incident to or necessary and proper for
tn" proper conduct and expansion of the
business in which the corporation is en-
gagged.
ARTICLE IL-ThiS corporation shall
be dOmcilcd 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
mat 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 its own
account or for the account of Others as
may he 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 0OOO.O0) Dol
| lars, divided into and represented by Five
! Hundred Shares, of One Hundred (SlOC
! 00) 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 NAV be
prescribed by the Board of Directors The
Capital Stock may be increased to one
| Hundred Thousand ($100,0O0OO) Dollars to
| berepreSented by one thousand shares
! of One Hundred Dollars $4,000 each Al
| stock of this corporation shall be full paid
and worcestershire. and shall be repres.
ented by certificates of such form as the
| Board of Directors may determine, signed
1
the Secretary Treasurer. and sealed will
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 fOrmalites as may BIZ
| prescribed from time to time by the Board
| of Directors. No stakeholder shall b,
permitted to SELL or otherwise to dispos,
| of his stock without first offering tn,
! same in writing to the other stockholders
| through the Board of Directors at a price
| not exceeding the book value thereof and
the stockholders shall have an option anC
| first right to purchase for cash all tn,
| shares of stock to be thus disposed of by
sale or by the death, resignation or other
wise of any of the stockholders of tn,
corporation. and shall have period o.
| ten days within which to accept to decline
| such offer of stock.
| Upon the failure of the said Board o.
| Directors or the stockholders to exercis,
within the time stipulated the option thu!
| granted to them, the stockholders who de
sireS to sell or otherwise dispose of hi!
| stock Tor his heirs) shall be at liberty t,
| sell or otherwise dispose of his said stool
in such manner and at such price as he o.
| they may see fit. But the stock of thi
| corporation shall be nOn-negOtiable ano
non transferable. except under the con
ditions and stipulations hereinabove Sc
| 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 o
| this corporation shall be vested in ant
| exercised by. Board of Directors com
posed of not less than four nor more thai
| six stockholders, three of whom shall a
| all times constitute a quorum for the tran
saction of business. The Directors o
| this corporation may vote in person o
| by written proxy at any of the meeting
of the Board of Directors.
The first Board of Directors of this com
pany shall be composed of the following
| Mrs Fl. Grabenheimer 1900 Peters Ave
| New Orleans. La, Norman Grabnnheimer
| $50 Magazine ST., New Orleans, La, sgd
ney II. Grabenheimer, 500 Magazine St
New Orleans, La, Eldon s. Lazarus. 202
| Octavia ST.. New Orleans. La, Alphons
Hirsch. Fayette, Mississippi John J
Broders. 500 Magazine ST., New Orleans
| La.
ond Monday in August, 1920 or unit
and qualified. The Directors shall b
| 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 a
his last known address. Each stock
holder shall at such annual meeting o
other meeting, general or special, be en-
titled in person or by proxy to one vOt
for each share of stock owned by hin
Elections shall be held under such rule