The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-29
CHARTER.

| ing articles, to-wit:
ARTlCLE !. The name Of this cor.
Inc; and under its said corporate name
IL shall have and enjoy a corporate ex.
lstence and succession for ninety nine
lsyl years from and after date hereof
unless sooner dissolved by or according
TO law; and by and under that name
shall have, enjoy and exercise all
rights, powers and obligations now
granted or that may be granted here
character, including the right especially
to hold. receive, purchase, ALLEVIATE, con-
vey. sell, mortgage. pledge, hypothecate,
rent or lease property, real: personal and
mixed; In fact, to have all such rights
ana powers as permitted under the law,
ana as are necessary, incidental or con-
Nenlent for carrying out the objects and
established.
ARTICLE III. 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 NAV
De 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 to be: To carry on.
conduct aud operate a wholesale nroduca
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
compositions Thereof; and to do any and
all business incident thereto or connect
ed Herewith. as we'll as a general com
mission business.
In fact, said corporation is authorized
to do any and all other acts and things
ana TO exercise any and all other powers
which any corporation or 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
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
hrst preferred stock. The common
stock OF the corporation Is hereby fixed
at the sum of Thirty-fve Thousand Dol
lars (S35. Oo0.OO), and the first preferred
at the sum Of Fifteen Thousand Dollars
(Sl5,OOO.OO); each class of stock to be of
the par value of One Hundred Dollars
($1OOO0) per share; the common stock
(35O) shares and the first preferred stock
to consist Of One Hundred and Fifty 15O)
shares; the said stock TO be issued in
the manner and for the consideration
All the shares Of stock shall be full |
paid and worcestershire. The capital
stock Of the corporation may be in
Dollars (Si5O,oOOOO), this be-
ing the maximum amount of increase
N the capital stock authorized by this |
Jet OF incorporation. The common stock /
md the first preferred stock may be in
'reased according to law, and may be
ssued in such amounts and proportions
Is shall be determined by the Board of
Directors and as may be permitted by
aw.
Each stakeholder shall be entitled at
Ill stockholders meetings to one vote
or each share OF common stock held by
lin on the date of such meeting. The
preferred stockholders shall not have
he right Of voting on their preferred
took. The preferred stock herein Gre
ted and authorized shall not carry with
the right to vote.
The holders OF said preferred stock
hall be entitled TO receive during each
seal year out of the net earnings of
ne company: preferential cumulative
yide eS at the .,I rate Of eight per cen.
he first day of April. or in half yearly
r quarterly installments, as the by
avs may from time to time provide. or
2 the hs.a absence of bylaws, as the Board
ayment Of said preferential cumulative
ividends Of eight per centum (s%) for
ny n.y., hscal year. or part thereof. to the
Irther amount declared in dividends
'r said fiscal year, or part thereof. shall
Q paid to the holders Of the common
.ock; provided, however, that the Board
secretion declare dividends during any !
seal year. or part thereof. on the COM
ION stock. but no such dividend shall
{, declared on the common stock unless
u cumulative dividends for previous
ears and all accrued installments. IL
ny. for the current year. on the pre- {
rred stock, shall have been set apart
: paid.
From and after the date Of incorpOr; !
ock shall be cumulative. so that If in !
~ year subsequent thereto dividends
mounting to eight per centum (S95) per
mum shall not be paid on said pre- ;
charge upon the net earnings of the
mpany until paid: but the Board of t
irectors may provide at the time of s
sue Tie., Of any preferred stock that the
lily from the time Of such issue. The +
'lders of the preferred stock shall, in b
sc of liquidation or dissolution of the s
mpany' be entitled to be paid in full n
stock and the dividends accumulated II
d unpaid thereon, before any amount
all be paid to the holders Of the COM Il
On stock. q
The holders Of the preferred stock t.
r shall they be entitled to notice of I6
v meeting of stockholders Of the COM \
ny. Said preferred stock shall be sub II
t to redemption at One Hundred and II
We Dollars (S105.O0) per share and ~
dividends thereon, at any e
ne after three years from the issue o.
areof, at such time or times and in 81
rh manner as the Board of Directors h
~ and shall determine. al
ARTICLE V. No transfer OF stock or Q.
IS corporation shall be binding upon q,
: company unless and until the trans 90
Is actually made on the books OF al
d corporation In the manner required os
law. Prior to such transfer this cor e.
ration shall be authorized to deal only W
IN the person in whose name the stock
nds on the books Of such company. GO
70 stakeholder of this corporation shall r.
re the right to sell his said stock or T
dge or hypothecate the same with os
first having offered IL to the Board ne
Directors of this corporation, and Nh
en- said Board of Directors thirty (3O) A,
rs within which to purchase said stock dr
its market value, or to receive the :,
ne in pledge. as may be desired by :.
holder of said stock. an
III the corporate powers Of this cor IN
alton shall be vested in and exercised IN
a Board Of Directors to be composed | m
not less than three (3) nor more than Of,
(10) holders Of the common stock of an
corporation. 40
he following named stockholders, with DO
ir addresses here given. shall consti- sh
e the first Board Of Directors: Roy de
Calamia, "a Morgan boulevard New 20
cans, La; Shields O'Reardon, IS Nor a