The herald., 1921-01-13
CHARTER.

this corpOration as the same may De
necessary and proper; said corporation
shall have further power 10 acquire ST.
and dispose of the capital STOCK IN otneI
corporations; and further to ENJOY anu
exercise all the rights and privileges ana
grants uuder the laws of this State, ana |
more. particularly under Act 26I OF the |
Louisiana Legislature of the year ISlf'
ARTICLE 1.-THE objects and pur-
poses for which this corporation Is OF
be carried on by it, are hereby declared
to be:
To conduct in the City of New Orleans
n 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 ana
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 (S1OO,OOO.OO) dollars,
to be represented by one thousand (l'OVOl
shares of the par value of one hundred
| (SlOO.OO) dollars, each' payaple at sun ,bn
| time and under such conditions as the
Board of Directors may determine rms
| corporation shall be a going concern ana
| authorized to do business, as soon as hfty
| (5m per cent of its authorized capital
| shall be subscribed for, and at least nifty
(5m per cent. of all stock so subscribed
| for. shall be paid for. Stock of this cor
J poration 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
i 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
esrslte or heirs desires to sell or dispose
of the same such holder or owner, as wei
as his widow, estate or heirs, must mrs.
tender such stock to the other stockhoid
ers, through the Board of Directors, fol
purchase for a period of thirty days, IL
writing, at the price of said stock on th'
| books of the corporation, and during suci
| 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 NAV elect; and in the event sal,
stockholders. through said Board shall ial
| to make said purchase within the salt
| period at the price offered, under the con
ditions aforesaid then and in that event
the stockholder or stockholders desiring
to dispose of his stock, may sell the sam
! TO such other person or persons as he ma
see fit.
ARTICLE V.-The domicile of this col
2 poration shall be in the City OF New vi
: leans La. where all meetings of the STOCK
; holders or directors must be held, pre-
4 yided, that with the written consent OF a
: | the directors, valid meetings of the ID
, | rectors may be held outside of the stat
n
= | domiciIe Citation shall be served upo
| the President, or In the absence or On
:, ability of the President, upon the wee
!. President; and in the absence or disabiiii
, | of the latter upon the Secretary, and
= the absence or disability of the latter upo
N the Treasurer.
10 ARTICLE VI.-All the corporate powe
m of this corporation shall be vested in an
Is exercised by Board of Directors, cor
ID posed of five stockholders, which may
increased to seven at the pleasure of sa
A. board, a majority of whom shall const1tu
e., quorum for the transaction OF all bus
M ness. Said Directors shall be elected I
r. the first Monday Of January of each yea
he commencing with the first Monday of ia
he uary, 1922, with the understanding that {
d. first Board of Directors selected by I
TO stockholders, and named in this charter
TO well as the first set of officers, as herei
%. after named, shall hold office until I
Sc. first Monday of January, 1922, or un
IN. their successors have been elected a
IL have qualified.
,es After the election of said Board of
IN rectors, by the holders of stock, as here
Its provided. there shall be elected by 81
ay directors from their own number. the
ell fieers of the corporation, which are as
ne, lows: list: A President; End: A vi
for President; 3rd A Secretary; 4th: A Ire
of urer, with the right to combine the
. two Offices in one person.
The first Board Of Directors. and
officers of this corporation shall be
following, and which said Board of
reetors and officers shall serve until
election to be held on the First Mono
of January, 1922, or until their success
are elected, chosen and qualified. The
dresses of said Directors and officers
set opposite their respective names: "
liam J. Salter, President, 1855 Jack
- Ave, New Orleans. La; John Meyer, Vi
n President, ITO City Park Ave-, New
an leans, La; Joseph Chalona, Secreta
:. Treasurer, 10 Newcomb. Blvd, New
Is leans, La; Leon G. Tujague. Director,
ar Napoleon Ave, New Orleans. Ia: Geo
e'' w. Dawson, Director, S2i Felicity St., !
- Orleans, La.
ARTICLE vII.-The annual meeting
the stockholders of this corporation
the election of directors shall be held
the first Monday OF January Of each y
commencing with the first Monday of J
uary 1922. The election for said Direc
shall be by ballot and the majority
amount of stock, voting, whether in
son or by proxy, shall elect the person
of whom they are cast; each share of 81
,n,I voted upon. TO be counted but for one ,
900 Said stock shall not be entitled to cum
<oo tive voting.
The Board of Directors shall give
bss least fifteen days notice by mail of
election Of said Directors. and shall