The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-15
CHARTER.

ARTICLE l. The name of this cor
pOratlOn shall be Calamia X O'ReardOn,
Inc, and under its said corporate name
! II shall have and enjoy a corporate eX-
istence and succession for ninety nine
(y9) years from and after date hereof.
| unless sooner dissolved by or according
| to law; and by and under that name
| il shall have, enjoy and exercise all
| rights, powers and obligations now
! granted or that may be granted here
after by law to corporations of this
! character, including the right especially
! 10 hold receive, purchase ALLEVIATE, CON
| V"y, sell, mortgage, pledge, hypOthecate.
| rent or lease property, real. personal and
mixed; in fact to have all such rights
and powers as permitted under the law
| and as are necessary, incidental or con-
venient for carrying out the objects and
/ purposes of said corporation as herein
| established.
/ ARTICLE II. The domicile of this
| corporation shall be in the city of New
] Orleans, state of Louisiana, where all
citation or other legal process shall be
| served in the manner as Is now or may
| be hereafter prescribed by law.
ARTICLE III. The objects and pur
| poses and the nature of the business to
/ be carried on by this corporation are
! hereby declared 10. be: To carry on.
conduct and operate a wholesale produce
! business, and to deal in poultry. live
| stock, game, poultry products, meats
| groceries, syrupS, mOlasSes, canned goods.
and all other products of whatsoever
| kind and nature related or kindred to
! the above, or not so related, including
! their by-prOducts. and OffspringS, and
! all business incident thereto or connect
| ed Herewith. well as a general COM
mission business.
| In fact, said corporation is authorized
| TO do any and all other acts and things,
and TO exercise any and all other powers
| which any corporation or a natural
person could do, and could exercise. and
which now or hereafter may be author
lied by law.
| ARTICLE ". The capital stock of this
corporation is hereby fixed at the sum
| of Fifty Thousand Dollars (S50OOOO0.
| which shall be divided into and consist
| of two (2) separate and distinct classes.
with the rights, privileges and subject
to the limitations hereinafter set forth.
! There shall be a common stock and
a first preferred stock. The common
at the sum of Thirty-fve Thousand Dol
| lars 3J.O0OO0), and the first preferred
stock of the corporation Is hereby fixed
| at the sum of Fifteen Thousand Dollars
| 0O0.O0) : each class of stock to be of
the par value of One Hundred Dollars
! lSlOOO0) per share; the common stock
to consist of Three Hundred and Fifty
| (3J0) shares and the first preferred stock
| to consist Of one Hundred and Fifty GJ0)
| shares; the said stock TO be issued in
the manner and for the consideration
prescribed by law.
| All the shares of stock shall he full
/
| stock of the corporation may be in
! creased to one Hundred and Fifty
Thousand Dollars CS150.O0O.O0). this be-
| ing the maximum amount of increase
| in the capital stock authorized by this
act of Incorporation. The common stock
| and the first preferred stock may be in
creased according to law. and may be
| issued in such amounts and proportions
as shall be determined by the Board of
| Directors and as may be permitted by
law.
|
| all stockholders meetings to one vote
| for each share Of common stock held by
| him on the date of such meeting. The
preferred stockholders shall not have
| stOCk.s The preferred stock herein Gre
ated Md authorized shall not carry with
it the right to vote.
The holders of said preferred stock
| fiscal year out of the net earnings of
the company. preferential cumulative
| dividends at the rate of eight per CEN
tum $50 per annum. payable yearly on
the first day of April. or in half yearly
or quarterly installments. as the by
| laws may from time to time provide, or
in the absence Of bylaws. as the Board
Of Directors may so order. After the
| payment of said preferential cumulative
| dividends of eight per centum (ST) for
any fiscal year. or part thereof. to the
| further amount declared in dividends
for said fiscal year. or part thereof. shall
he paid TO the holders of the common
stock; provided. however, that the Board
Of Directors of the company may In their
discretion declare dividends during any
| fiscal year or part thereof. on the COM
mon stock. but no such dividend shall
he declared on the common stock unless
years and all accrued installments, II
any. for the current year. on the pre-
ferred stock, shall have been set apart
or paid
| To-, or5 of,,r .ba doto &c @ipcornor
| alton the dividends on said preferred
stock shall be cumulative. so that if in
| any year subsequent thereto dividends
amounting to eight per centum $50 per
| ferred stock, the deficiency shall be
| charge upon the net earnings of the
company until paid: but the Board of
| Directors may provide at the time of
| issue Of any preferred stock that the
| dividends thereon shall he cumulative
only from the time of such issue. The
holders of the preferred stock shall, in
| case of liquidation or dissolution of the
| company. be entitled to be paid in full
| the par value of their preferred shares
of stock and the dividends accumulated
| and unpaid thereon, before any amount
shall he paid to the holders Of the COM
| mon stock.
| The holders of the preferred stock
| shall have no voting powers whatsoever.
nor shall they he entitled to notice of
any meeting of stockholders Of the COM
| pany. Said preferred stock shall be sub
| ject to redemption ar One Hundred and
| Five Dollars (S105.00) per share. and
| accumulated dividends thereon, at any
| time after three years from the issue
| thereof. at such time or times and in
| such manner as the Board of Directors
may and shall determine.
| ARTICLE V. No transfer of stock or
| this corporation shall be binding upon
the company unless and until the trans
| fer is actually made on the books OF
| said corporation in the manner required
| by law. Prior to such transfer this cor
| poration shall be authorized TO deal only
| with the person in whose name the stock
stands on the books of such company.
No stakeholder Of this corporation shall
| have the right to sell his said stock or
pledge or hypOthecate the same with
| out first having offered IL to the Board
| of Directors of this corporation, and
| given said Board of Directors thirty 800
| days within which to purchase said stock
| at its market value. or to receive the
same in pledge. as may be desired by
| the holder of said stock.
| All the corporate powers of this cor
poration shall be vested in and exercised
| by Board of Directors to be composed
of not less than three (3) nor more than
ten (10) holders of the common stock of
| this corporation.
| The following named stockholders, with
| their addresses here given. shall c0nsti-
| tute the first Board of Directors: Roy
| l.. Calamia, a Morgan boulevard. New
| Orleans. La: Shields O'Reardon. So Nor
/ hnuIavard Now 0rlaonS and