The herald., 1921-05-12
CHARTER.

and selling on a commission basis and for
itself; to do general importing and eX-
porting business, both domestic and for
eign; to build, own, lease and operate
store or stores both retail and wholesale
stOre-room or warehouses for the storage
of merchandise, or cold storage purposes;
to store goods of all kinds in such store
rooms or warehouses for itself and others,
and to make reasonable charges for serv-
ice In storage of goods; 10 issue receipts
in exchange for goods stored, and to dis
pose of said goods for account of the own
ers thereof upon their failure to comply
with the conditions of such storage con-
tract; to make loans on goods stored either
in the store or stores. StOre-rOoms or ware
houses of the corporation or others, and
to issue notes and other securities in the
purchase of goods: to represent others as
agent or otherwise in the same line or SINH
lar lines of business; to act as manufaC-
turers agent and to receive and sell goods
ON consignment; TO acquire and own stock
in other corporations; and, generally, to
do and perform any and all things neces-
sary or convenient to carry on said objects
and purposes.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at thirty thOus-
and 1890 0OO.0O) dollars, divided into three
hundred 1900 shares of the par value of
one hundred (S100.OO) dollars each; pro-
vided, that the amount to which the capital
stock of this corporation may be increased
shall be three hundred thousand 1890
0O00O) dollars. Three hundred 1901
shares, or thirty thousand 30O00O0) dol
lars, of the capital stock of this corpora
ton must he subscribed before the filing
of the articles of incorporation. The sub
Scribed capital stock of this corporation
shall be payable in cash, property (real or
PERSONAL. or for labor and services rem
dered and performed.
No stakeholder shall ever be held liable
or responsible for the faults. contracts or
debts of this corporation in any further
sum than the unpaid balance due the cor
Poration on the shares of stock subscribed
by him. nor shall any mere informally
| in organization have the effect of rem
dering this charter null. or of exposing
any shareholder to any liability whatsO-
ever.
This corporation shall not engage in
business until three hundred 5000 shares.
or thirty thousand (S30OO0.O0) dollars of
the capital stock shall have been sub
scribed, and three hundred 1900 shares,
or thirty thousand ($3O,OO0.O0) dollars of
the capital stock have been issued and
paid in. in cash. If, in addition. any stock
of this corporation is exchanged, either in
whole or in part, for property or good
will. in that event the provisions of See. 8
of Act 267 of 1914, shall be complied with
strictly.
ARTICLE v.-AI the corporate powers
of this corporation shall be vested in and
exercised by a Board of Directors COM
posed of three stockholders each of whom
shall own in his own right, during his
term OF ONCE NJ lPdSt one 1ull pai0 snare
, of stock, a majority of whom shall con
stitute a quorum for the transaction of
business.
The officers of this corporation shall con-
sist of a president, vice president, and Sec
rotary treasurer. all of whom shall be
members of the Board of Directors. The
officers of secretary and treasurer may be
combined in one and the same person.
The following named persons shall con-
stitute the first Board of Directors. to-wit:
Theodore Ciacco. 1897 Milan Street, New
Orleans. La; Anthony ID. Ciaccio, 1887
Milan Street. New Orleans, La; Saleh G..
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 president
Saleh G. Dabdoub as vice-president, and
Anthony ID. Ciacci0 as secretary treasurer ;
and these directors and officers shall hold
office until the fourth Tuesday of April,
1922. until their successors are duly
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 shall be
| by ballot. and each stakeholder shall be
| entitled to one vote for each share of stock
standing in his name on the books Of this
| corporation, this vote to be cast in person
or by written proxy, and 1t shall require
a majority of the stock present or repre-
scented to elect. The directors shall have
| the right to increase their number to five.
Failure to hold an election for directors
J on the fourth Tuesday of April, 1922, or
annually thereafter shall not work a for
fixture of this charter, but the old Board
of Directors shall remain in office unit
their successors are duly elected and quail
fed.
ARTICLE VI-The Board of Director.
shall hold regular meetings at such times
as shall be fixed in the bylaws of thi:
corporation. These meetings shall be helC
at the domicile of the corporation, bu
the president may call special meetings OF
the Board of Directors at such times as HI
may deem advisable, and he shall be re
quired to call such special meetings at tn,
request of a member of the Board of Di
rectors. Three days written office of sucl
! special meeting Shall be given to the direc
tors, unless waiver of such notice i
signed by the directors. Any vacancy Oc
curing in the Board of Directors, eithe
frem death, resignation. or inability t
serve, shall be filled by the remainin
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 tn
corporation, which may be altered, amend
ed or changed as the exigencies of tn
case may require.
i, ARTICLE vII.-The stock of this col
e poration may be transferred. provided sue
5 transfer shall be recorded on the book
Of this corporation before it shall be re
I quired TO recognize the transfer, or tn
!, new holder of the stock.
/, The total amount OF the subscribed stool
as herein set forth. is the sum of thirt
e thousand ($30OO0.00) dollars or three huT
S dred 1900 shares, of which thirty thous
r and ($30.000.O0) dollars or three hundre
. 1900 shares, are hereby authorized to
= issued fully paid. for cash. or in exchang
e for property or labor and services reT
a dered.
In the event that any stakeholder desire
: to sell his stock, or any part thereof,
: shall first offer same to the remainin
f stockholders, in proportion to their RI
r spective holdings, at its book value. Tn
e. offer is to be made to appear by letter aC
: dressed to each stakeholder at his la
n known address, giving thirty days optiol
At the expiration of which time, the sal
: stakeholder desiring to sell his stock sha
: be at liberty to do so. at whatever pric
o and to whom he shall please.
d ARTICLE VIII.-This charter may
n modified or altered, the capital stock Their
d of increased or decreased, or the corpor
l. ton may be dissolved with the assent ,
z two-thirds of the capital stock present
= represented at any meeting of the stool
holders held for that purpose. after pri,
notice in writing to each stockholder
mailed to him at his last known postoffi,
address, all in accordance with the tern
of Act 267 of 1914
ARTICLE IX.-At the expiration of tn
charter, or the earlier dissolution of tn
corporation for any cause, its affairs sha