The herald., 1921-05-05
CHARTER.

Theodore
Orleans La: Anthony ID. Ciaccio, 1851
Milan Street, New Orleans, La; Saleh IL
Dabdoub 1920 Milan Street, New Orleans
La all residents of the state OF LOUIS
lana. and dOmiciled at the addresses above
stated with Theodore Ciaccio as president:
Saleh G. DabdOub as vice president, ana
Anthony u. Ciaccio as secretary treasurer
and these directors and officers shalI hoid
office until the fourth Tuesday OF April,
1922. or until their successors are uulE
elected and qualified.
Thereafter the directors shall be elected
annually on the fourth Tuesday of April of
each year. and they shall elect their own
officers: all elections of directors snail De
by ballot and each StockhOlder snail De
entitled to one vote for each share OF stOck
standing in his name on the books OF TINS
CORPORATION, this vote to be cast In person
or by written proxy, and IT shall require
a majority of the stock present or repre-
scented to elect. The directors shall nave
the right to increase their number TO nNe'
Failure to hold an election for directors
on the fourth Tuesday of April. l922 or
annually thereafter. shall not work a Tor
fixture of this charter. but the old Board
of Directors shall remain in office until
their successors are duly elected aud quail
fed.
ARTICLE VI.-The Board Of Directors
shall hold regular meetings at such times
as shall be fixed in the bylaws of TINS
q
at the domicile of the corporation, but
the president may call snecia' mce;'' - 9.
! the B0arG OF Directors at such times as ne
may deem ADVISABLE, and he shall be re
auired to call such special meetings NJ the
| request of a member of the Board of Di-
rectOrs Three days written office of such
special meeting shall be given 10 the ulreC
tors unless waiver of such notice is
signed by the directors. Any vacancy Oc-
curing in the Board of Directors, either
from death, resignation, or inabinty 10
serve, shall be filled by the remaining
Board of Directors at its next regular meet
ing after such vacancy shall have occurred.
The first Board of Directors of this cor
pOration shall be required to draft SUIT
able bylaws for the management OF the
corporation, which may be altered. amend
ed or changed as the eXigencles OF the
case may require.
ARTICLE VII.-The stock of this cor
poration may be transferred, provided such
transfer shall be recorded on the books
of this corporation before II shall be re
auired to recognize the transfer, or the
new holder of the stock.
The total amount of the subscribed stock,
as herein set forth, is the sum OF thirty
thousand $3.50 100000 dollars or three hun
bred 5000 shares, of which thirty thous-
and 3OOOO.O0) dollars or three hundred
1901 shares, are hereby authorized to be
issued fully paid. for cash, or in exchange
for property or labor and services rem
dered.
In the event that any stakeholder desires
to sell his stock. or any part thereon. ne
shall first offer same to the remaining
stockholders, in proportion to their re-
spective holdings, at its book value rms
offer is to be made to appear by letter ad-
dressed to each stakeholder at his last
known address. giving thirty days option.
At the expiration of which time. the said
stakeholder desiring to sell his stock, snail
be at liberty to do so, at whatever price
and to whom he shall please.
ARTICLE yIII-This charter may be
modified or altered. the capital stock there
of increased or decreased, or the corpora
ton may be dissolved with the assent of
| two-thirds of the capital stock present or
| represented at any meeting of the stock
| holders held for that purpose, after prior
notice in writing to each stockholder, or
! mailed to him at his last known postoffice
address, all in accordance with the terms
of Act 267 of 1914.
| ARTICLE IX.-At the expiration of this
| charter or the earlier dissolution of this
| corporation for any cause, its affairs shall
| be liquidated by one or more hquidators
| to be elected by the stockholders, all OF
| whom shall hold stock in this corporation
| and said liquidators are hereby vested with
| full power and authority to liquidate the
| affairs of said corporation, with full power
to act uder the terms of Sec. 30 OF Act
267 of 1914.
ARTICLE X.-The said appearers hereby
declare that they have subscribed to th'
following number of shares of the capita
stock of this corporation, tO-wit:
Theodore Ciaccio. 1897 Milan Street, New
Orleans, La. two hundred and sixty ESQ
shares; Anthony d. Ciaccio, 1887 Milal
shares: saleh G. Dabdoub. 1920 Milal
Street, New Orleans, La, twenty GO
shares. and the Said subscriptions o
Theodore Ciaccio, Anthony Ciaccio ant
thirty thousand (s3O,OO0OOl dollars, o.
three hundred shares 5000 in the proper
ton of twenty-six thousand tS26.OOOOO
dollars, or two hundred and sixty share
(26O) to Theodore Ciaccio, and two thous
and S2OO0.O0) dollars, or twenty w
shares to Anthony d. Ciaccio and tw
thousand (S2 900 O0) dollars, or twenty go
shares to Saleh G. Dabdoub, shall be full.
paid for and settled by them by the trans
fer of all the property and effects nov
owned and belonging to the co-partnershi
known as Theodore Ciaccio and Company
composed of Theodore Ciaccio, Anthony L
| Ciaccio and Saleh G. DabdOub, an &C
curate detailed and itemized statement an
description of said property being heret
, | annexed to be read in connection here
with. and the said property was duly ap
praised by the Board of Directors of thi
: corporation at the sum of thirty thousan
1890. OOOO0) dollars.
Thus done and passed at my Office /
this City of New Orleans, Louisiana. on tn
: day. month and year hereinabOye frs
written. in the presence of Nirma Keena
and Richard T. Mcbride, competent wit
l nesses. who hereunto sign their name
together with the said appearers and M
Notary, and the said appearers have ais
= set opposite their names the number {
e shares subscribed by them, all after du
e reading of the whole. The nine word
e 'store or stores both retail and who'll
sale" and "or stores" added and intel
: lined on page two approved before sigr