The herald., 1921-01-06
CHARTER.

this corporation, as the same may be
necessary and proper; said corporation
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 261 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 1t, 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 (S1OOOOO.OO) dollars,
to be represented by one thousand (1,OOO)
shares of the par value of one hundred
(S1OO.OO) 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 its 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, 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 ut the price offered, under the con-
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
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 Di-
rectors may be held outside of the State,
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.
: ARMCLE VI.-All the corporate powers
of this corporation shall be vested in and
exercised by a Board Of Directors. CON-
posed of five stockholders. which mag be
tW.n~ a. Al.
board. 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
uary, 1922, with the understanding that the
first Board of Directors selected by the
stockholders, and named In this charter, as
well as the first set of officers, as herein
after named. shall hold Office until the
first Monday of January, 1922. or until
their successors have been elected and
have qualified.
After the election of said Board of Di-
rectOrs, by the holders Of stock, as herein
provided, there shall be elected by said
directors from their own number, the Of
fcers Of the corporation, 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 last
two offices In one person.
The first Board of Directors, and the
ohuCcTS VI tnls corporation snail De the
following, and which said Board of Di-
rectors and officers shall serve until the
election to be held on the First Monday
of January, 1922, or until their successors
are elected, chosen and qualified The ad.
dresses of said Directors and officers are
set opposite their respective names: Will
liam J. Salter, President, 1855 Jackson
Ave, New Orleans, La; John Meyer, Vice
President no City Park Ave-, New Or
leans, La; Joseph Chalona. Secretary
Treasurer, 10 Newcomb Blvd, New or.
leans. La; Leon G. Tujague. Director, 2219
Napoleon Ave, New Orleans. La; George
W, Dawson, Director, s24 Felicity St., New
Orleans, La.
ARTICLE yII.-The annual meeting Of
the stockholders of this corporation for
the election OF directors shall be held on
the frst Monday Of January of each year,
commencing with the first Monday Of jan
uary, 1922. The election for said Directors
shall be by ballot and the majority in
amount of stock, voting. whether in per-
son or by proxy, shall elect the person for
whom they are cast; each share Of stock
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 at
least fifteen days notice by mail Of the
election Of said Directors. and shall ap-