The herald. [volume] (New Orleans, La.) 1905-1953, 1921-01-27
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 26I or 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 (SlOO,OOO.OO) dollars,
to be represented by one thousand Q,oOol
shares of the par value of one hundred
| ($10O.00) dollars, each, payable at such
time and under such conditions as the
Board of Directors may determine. This
corporation 5hall 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
| 500 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-
| uring to this corporation, according to the
| exclusive judgment and findings of the
| Board of Directors thereof.
| ARTICLE Iy.-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
Il tanA rnn tool m no of har hnl
/ 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
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
or within the State, elsewhere than at its
dOmicie. 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 b,
increased to seven at the pleasure Of said
board, majority of whom shall constitute
a quorum for the transaction of all bust
| ness. Said Directors shall be elected OF
the first Monday of January Of each year
. commencing with the first Monday of Jan
, uary, 1922. with the understanding that thu
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 Di
rectors, by the holders of stock, as hereil
: provided, there shall be elected by sal,
, directors from their owp number, the of
: lows: list: A President; End: A Vice
7 President; 3rd: A Secretary; 4th: A Treas
I urer, with the right to combine the las
two offices in one person.
The first Board of Directors. and tn
ohcers Of this corporation shall be tn
L
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 &C
dresses of said Directors and officers an
set opposite their respective names: Wi
liam j. Salter, President, 1855 Jackso
Ave, New Orleans, La; John Meyer. Vice
President, no City Park Ave-, New Or
leans, La; Joseph Chalona, Secretar,
Treasurer. 10 Newcomb Blvd, New o.
leans, La; Leon G. Tujague. Director, 22l
Napoleon Ave-, New Orleans. La; Georr
W. Dawson, Director, S24 Felicity St., Ne
Orleans, La.
ARTICLE vII-The annual meeting ,
the stockholders of this corporation fc
the election of directors shall be held O
the first Monday of January Of each yea
commencing with the first Monday of Jar
uary, 1922. The election for said Director
shall be by ballot and the majority /
amount of stock, voting, whether In De
son or by proxy. shall elect the person Il
whom they are cast; each share of stoC
voted upon, to be counted but for one vot
Said stock shall not be entitled to cumul,
tive voting.
The Board of Directors shall give .
least fifteen days notice by mail of Il
election Of said Directors. and shall a.