The herald., 1921-01-20
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 rikhts and privileges and
granrs under the laws of this State, and
more particularly under Act POI 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
a 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
| i'm the City OF New Orleans.
ARTICLE III-The capital stock of this
corporation is hereby fixed at the sum of
| one hundred thousand (S1OO,OOOOO) dollars,
| to be represented by one thousand (1,OOOl
| shares of the par value of one hundred
| $4,000 dollars, each, payable at such
| time and under such conditions as the
| Board of Directors may determine This
/ authorizes to do business, as soon as fifty
(5O per cent. of its authorized capital
| shall be subscribed for, and at least fifty
| (50) per cent of all stock so subscribed
poration shall only be issued for cash, or
/ for services rendered, merchandise, prop
erty or other valuable considerations, en-
j uring to this corporation, according to the
exclusive Judgment and findings of the
Board of Directors thereof.
4 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, 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
to such other person or persons as he may
see fit
ARTICLE v.-The domicile of this cor.
pOraton shall be in the City of New Or
leans, La, where all meetings of the stock
holders or directors must bes held pro
| yided 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 its
domicile. Citation shall be served upon
the President, or in the absence or dis
: abilitymof the President, upon the Vice
President; and in the absence or disability
of the latter upon the Secretary, and IL
i the absence or disability of the latter upor
! the Treasurer.
2 ARTICLE VI.-All the corporate power:
D of this corporation shall be vested in and
$ exercised by a Board of Directors, com
posed of five stockholders, which may b'
increased to seven at the pleasure of said
: board, a majority of whom shall constitute
=, a quorum for the transaction of all bust
4 ness. Said Directors shall be elected oil
: the first Monday of January of each year
e commencing with the first Monday of Jan
e uary, 1922, with the understanding that tn,
|, | first Board of Directors selected by thu
o stockholders, and named in this charter. a
o well as the first set of officers as herein
!. after named, shall hold office until tn
;, first Monday of January. 1892, or unit
?. their successors have been elected an'
/ have qualified.
S After the election of said Board of Di
l. rect0rs. hg the holders of stock, as hereil
S provided, there shall be elected by sal,
y directors from their own number. the of
II hcers of the corporation, which are as fol
lows: LIST: \ President; End: A Vice
II President: 3rd 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 hi
| IttNpTS anu OHlCtTS snail serve until IN
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: vii
liam j. Salter, President. 1865 Jackso
Ave. New Orleans, La; John Meyer. Vice
r President. no City Park Ave-, New Or
leans, La; Joseph Chalona, Secretary
; 1 Treasurer. 10 Newcomb Blvd. New or
leans, La; Leon q. Tujague, Director, 22l
Napoleon Ave. New Orleans. La: Georg
n W. Dawson, Director, S24 Felicity St, Ne,
Orleans. La.
ARTICLE NII.-The annual meeting @
the stockholders of this corporation 70
the election of directors shall be held o
the first Monday of January Of each veal
commencing with the first Monday of Jan
uary, 1922. The election for said Director
shall be by ballot and the majority /
amount OF stock, voting, whether in pei
son or by proxy, shall eE<et the person 70
!, whom they are cast; each share of stoc
4 voted upon. TO be counted but for one yot
!, Said stock shall not be entitled to cumula
tive voting.
The Board Of Directors shall give
y least fifteen days notice by mail of Ii
election Of said Directors, and shall al