The herald., 1921-02-03
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 to enjoy and
exercise all the rights and privileges and
grants under the laws of this State, and
more particularly under Act 267 of the
Louisiana Legislature of the year 1914.
ARTICLE 1.-THE objects and pur-
poses for which this corporation is or
gained. 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 ali 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
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 $500 100000 dollars,
to be represented by one thousand U,OOO)
shares of the par value of one hundred
(SlOOOO) dollars, each, payable at such
time and under such conditions as the
Board of Directors may determine. This
corporation shall be a going concern and
authorized to do business, as soon as fifty
(50) per cent. of it's authorized capital
shall be subscribed for, and at least fifty
(50) per cent. of all stock so subscribed
for, shall be paid for. Stock of this cor
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
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
| ers, through the Board of Directors, fol-
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 fa
/ 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 sam,
| to such other person or persons as he may
| see fit.
ARTICLE V-The domicile 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 al
/ the directors, valid meetings of the Di
rectors may be held outside of the State
| or within the State, elsewhere than at il;
domicile. Citation shall be served upoI
| the President, or in the absence or dis
| ability of the President, upon the Vice
| President; and in the absence or disabilit,
| of the latter upon the Secretary, and il
the absence or disability of the latter upol
| the Treasurer.
ARTICLE VI.-All the corporate power
| of this corporation shall be vested in an,
exercised by Board of Directors, com
posed of five stockholders, which may b.
| increased to seven at the pleasure of sal,
| board. majority of whom shall constitute
quorum for the transaction of all bust
ness. Said Directors shall be elected oil
the first Monday of January of each year
commencing with the first Monday of Jan
uary, 1922, with the understanding that tn
first Board of Directors selected by tn
| stockholders, and named in this charter a
well 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 an
have qualified.
After the election of said Board of hi
rectors, by the holders OF stock, as herei
provided, there shall be elected by sal
directors from their own number, the of
ncers OF the cooperation, which are as FOL
lows: LIST: A President; End: A Vice
President; 3rd: A Secretary; 4th: A Treas
urer, with the right to combine the las
two offices in one person.
| The first Board of Directors. and tn
officers of this corporation shall be tn
following, and which said Board of Di
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 ad
dresses OF said Directors and officers ar
set opposite their respective names: VIII
liam j. Salter, President, 1855 Jackso
Ave, New Orleans, La; John Meyer. Vice
President, ITO City Park Ave, New Or
leans, La; Joseph Chalona, Secretary
| Treasurer, 10 Newcomb Blvd, New Or
leans. LA; Leon g. Tujague. Director, 22l
Napoleon Ave, New Orleans La; Georg
w; Dawson, Director, S24 Felicity St, Ney
Orleans, La.
| ARTICLE VII.-Thes annual meeting a
the stockholders of this corporation TO
the election of directors shall be held OF
the first Monday Of January Of each wear
commencing with the first Monday of Jan
uary, 1922. The election for said Director
shall be by ballot and the majority Il
amount OF stock, voting, whether in Der
son or by proxy, shall elect the person 70
whom they are cast; each share of stocl
voted upon, to be counted but for one vote
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 an