The herald., 1922-10-19
CHARTER.

otber forms of security for money
loaned or other debts. 1t may CON
tract, sue and be sued. plead or be
| implicated by its corporate name IN
any court of competent jurisdiction.
! 1t may make, adopt and use cor
porate seal and alter or break the
same at pleasure. 1t may hold stock
| in other corporations, and its capltaI
stock may be issued for capital stock
| of other corporations. 1t may name
appoint and employ such managers,
directors. officers, agents ana otIleI
! employees as it's interests business
| and convenience may require ana may
| fix their compensation. having due re-
gard to the nature, character ana value
of their service. IL may iaahe n,,G
not inconsistent with this cnarter OF
any existing law. fixing or altering the
management of it's property, the resu-
lation and government OF its a i,i ?.
and the manner of the certlilcatlon OF
registration of its stock. 1t may vino
up and dissolve itself or be wound up
and dissolved in the manner prescrlDeu
by law. 1t may conduct business III
this state. other states. the federai
districts territories and possessions oil
the United States, and any foreign
country. 1t shall have the power 10
invest its Board of Directors with all
its corporate powers, subject to such
restrictions as may be named in TINS
charter. And IL generally snail nave
and possess all the powers rlShts'
porations are and may hereafter be
authorized to have and possess undtt
the Constitution and the laws OF TINS
state. and particularly under Act NO
267 of the acts of the General Assem-
bly of the state of Louisiana for the
year 1914 and the amendments thereto
ARTICLE H. The domicile of this
corporation shall be the city OF New
Orleans; parish OF orleans STATE otb er
legal process shall be served upon the
President of this corporation: or: IN
case of his absence. upon the vice.
President; or in the absence oil both OF
these officers. upon the Secretary OF
this corporation.
ARTICLE Ill This corporation shalI
he authorized to conduct its business
in any state. territory or insular pos
session of the United States, or in any
foreign country. and the general obJects
and purposes for which the corporation
is created and the nature of the bust
ness to be carried on by II are hereby
declared to be:
To buy, sell and deal in, at whole
sale and retail. groceries, provisions
food supplies wares, vegetables, pro-
duce grain, hay, game, coal, wood ana
other kinds of fuel. and all other artl-
cles or things incidental to such bust
ness, and particularly incidental to the
general grocery, vegetable, food supply,
poultry, fish. game, produce ana pro
vision mercantile business, either whole
sale or retail.
To purchase, hold sell, improve and
lease real estate. and to mortgage and
cucumber the same; and to erect, man
age, care for, maintain and equip bulld-
ings thereon, to sell the same in such
parts or parcels. improved or unim-
proved, and under such terms and con-
ditions as to time and manner or pay
ment as may be agreed upon.
To acquire and undertake TO fulfill
property rights, franchises and assets
of every kind and the liabilities OF
any person, firm, association or corpor-
alton, and to pay for same in cash,
stock or bonds of the corporation or
otherwise.
To make and perform contracts of
any kind or description 10 carry on IT'S
business. and TO 90 any and all things
person could do or exercise, and which
are now or hereafter may be author
lied by law, and in general to carry
on any business which under the law
may seem to the corporation to be cal
culated directly or indirectly, to effect
the aforesaid objects and purposes or
either of them, or to facilitate the
in the transaction of any
other lawful business that might be
calculated. directly or indirectly, to en-
nance the value of or to render protlt-
able any of the corporations property
and rights: and generally to hold and
exercise all such individual powers and
privileges, and to do and perform all
things as relate to the objects and pur-
poses hereinabove set forth. or as may
be needful, necessary. proper. useful or
for effecting such objects
and purposes, or either of them.
ARTICLE ~; The authorized ith IL cap cap,
fixed at and declared to be the sum
of Fifty Thousand Dollars (s50,000.00).
which capital stock may be Increased
in the manner provided by law 70 tne
sum of One Hundred Thousand Dollars
$500 900 Oe)
The presently authorized capital stock /,
of this corporation shall consist OF
value of One Hundred Dollars (s1oo.OO) !
each. 1t shall be represented by GER
shall be full paid and non,
assessable when issued, shall be issued
actually received. or for cash to be
paid at such times and in such amounts
and after such notice as may be deter
mined by the Board of Directors, and
of said capital stock shall be binding
upon this corporation unless made in
accordance with its charter and bylaws
and recorded on the books thereof.
ARTICLE " All the corporate pow
ers of this corporation shall be vested
in and exercised by board of three
(3) directors, each of whom shall hold
in his own name at least one share
Board of Directors shall be elected
annually on the first. legal day in
March of each year. beginning with
1923 All such elections shall be by
ballot at the office of this corporation.
under the supervision of three commits
sioners to be appointed by the Board
of Directors, and in the absence of any
commissioner the President shall havo
the power to fill the place by appoint
ment. OF all such elections. as well
as of all meetings of stockholders. ex-
cept for the purpose of liquidation or
dissolution. or as otherwise required by
law, fifteen C5) days notice shall be
given by mailing to each stakeholder
who appears as such on the books OF
address, or care of General Delivery at
New Orleans If he has not designated
an address, notice stating the time
and place of the meeting. Each share !
holder shall be entitled to one ~ vote |
for each share of stock standing in
his name on the books of this corpor- I
alton, to be cast in person or by proxy, |
elect. Failure to elect directors on the |
day above specified shall not dissolve
this corporation, but the directors then !
in office shall remain in office until |
their successors are eletced and quail :
flied. Due notice of another election /
shall forthwith be given as above pro- |
vided for. and such notices of election |
shall be continued to be given until an |
election is had
ARTICLE VI. At it's first meeting |
each Board of Directors shall elect |
a Secretary, and a |
Treasurer. The offices of Secretary !
and Treasurer may be combined by the |
Board of Directors and held by one |
person. The Board of Directors may !
from time to time, as it sees fit, ap-