The herald., 1920-12-30
CHARTER.


this corporation, as the same may be
necessary and proper: said corporation
shall have further power to acquire, sell
and dispose of the capital stock in other
corporations; and further 10 enjoy and
exercise all the rights and privileges and
grants under the laws of this State, and
more particularly under Act pa of the
Louisiana Legislature of the year 1914.
ARTICLE 1.-THE objects and pur
poses for which this corporation Is or
ganized. and the nature of the business to
be carried on by it, are hereby declared
to be:
To conduct in the City of New Orleans
fruit business and all its branches: TO
receive conSignmentS of fruit or other
wise. and sell and dispose of the same on
commission or otherwise and to do and
transact any other business incidental
thereto or connected Herewith and to that
end to maintain and operate an exchange
in the City of New Orleans.
ARTICLE III.-The capital stock of this
corporation is hereby fixed at the sum of
one hundred thousand (Sl00,OO0OO) dollars,
to be represented by one thousand tlOOOl
shares of the par value of one hundred
(S1OOOO) dollars, each, payable at such
time and under such conditions as the
Board of Directors may determine This
corporation shall be going concern and
authorized to do business, as soon as fifty
900 per cent. of its authorized capital
shall he subscribed for and at least nifty
(jO) per cent. of all stock so subscribed
for, shall be paid for Stock of this cor
rOration shall only be issued for cash. or
for services rendered. merchandise prop
erty or other valuable considerations, en-
uring to this corporation, according TO the
exclusive judgment and findings of the
Board of Directors thereof
ARTICLE IV.-In the event any holder
or owner of stock, as well as his widow.
estate or heirs. desires TO sell or dispose
of the same, such holder or owner. as well
as his widow. estate or heirs, must first
tender such stock to the other stOckhOld-
crS. through the Board of Directors, for
| purchase for a period of thirty days, in
writing. at the price of said stock on the
| books of the corporation, and during such
period of thirty days, the said stockhold-
| erS shall have the exclusive right to ac-
! Cept or reject the purchase of said stock.
! as they may elect; and in the event said
| stockholders, through said Board shall fail
/ to make said purchase within the said
period at the price offered. under the con
| ditiOns aforesaid, then and in that event.
| the stakeholder or stockholders desiring
! to dispose of his stock. may sell the same
| 10 such other person or persons as he may
| see fit.
| ARTICLE V.-The domiciIe of this cor
| pOratiOn shall be in the City of New Or
| leans. La, where all meetings of the stock
| holders or directors must be held, pro-
| vided, that with the written consent of all
| the directors. valid meetings of the hi
| rettOTS may De hel0 outside OF the state.
| or within the State. elsewhere than at its
| domicile. Citation shall be served upon
| the President, or in the absence or dis
| ability of the President, upon the Vice
President; and in the absence or disability
| of the latter upon the Secretary, and in
| the absence or disability of the latter upon
| the Treasurer.
| ARTICLE VI-All the corporate powers
of this corporation shall be vested in and
exercised by a Board of Directors COM
| posed of five stockholders, which may be
| Increased to seven at the pleasure of said
! board. a majority of whom shall constitute
| quorum for the transaction of all bust
ness. Said Directors shall be elected on
| the first Monday of January of each year,
| commencing with the first Monday of Jan.
| nary, 1922, with the understanding that the
| hrst Board of Directors selected by the
| stockholders, and named in this charter, as
| Wei as the first set of officers as herein,
after named, shall hold Office until tn,
| first Monday of January, 1922. or unit
their successors have been elected and
| have qualified.
After the election of said Board of hi
| rectors. by the holders of stock as herein
provided, there shall be elected by sale
directors from their own number, the of
tcerS of the corporation, which are as fol
lows: LIST: President: end: a Vice
President; 3rd \ Secretary; 4th: \ Treas
urer. with the right to combine the las
two offices in one person.
| 1 ne UTSl bOHTu OF directors. ana tn
officers of this corporation shall be tn
following and which said Board of hi
reCtorS and officers shall serve until tn
election to be held on the First Monda
of January, 1922, or until their successor
are elected, chosen and qualified. The nd
dresses of said Directors and officers ar
set opposite their respective names: vii
| liam j. Salter, President. 1853 Jackso
Ave. New Orleans. La: John Meyer. Vice
President, llO City Park Ave, New or
leans. La; Joseph Chalona. Secretary
Treasurer. 10 Newcomb Blvd. New OF
leans, La; Leon 6. Tujague. Director. 22l
Napoleon Ave, New Orleans. La: GeOrg
W. Dawson, Director, S24 Felicity ST., Ne,
Orleans, La.
| ARTICLE VII.-The annual meeting q
the stockholders of this corporation 70
the election of directors shall be held o
the first Monday of January of each yeal
commencing with the first Monday of Jan
uary, 1922. The election for said Director
shall be by ballot and the majority i
amount of stock. voting. whether in per
son or by proxy, shall elect the person 70
whom they are cast; each share of stoc
voted upon, to be counted but for one vot,
Said stock shall not be entitled to cumula
tive voting.
The Board of Directors shall give a
least fifteen days notice by mail of tn
election Of said Directors, and shall az