The herald., 1922-09-07
CHARTER.
well as any other business incidental
thereto or connected Herewith.

ARTICLE lll-The capital stock OF
this corporation is hereby fixed at the
lars, to be represented by fifty 600
shares Of the par value OF one hundred
SlCO.D0) dollars per share. payable at
such time and in such miscellaneous. ana
under such conditions as the board of
directors may determine. This COrpo-
ration shall be 4 going concern and
authorized to do business. as soon as
fifty 500 per cent of its authorized
capital shall be subscribed for. and At
least fifty 500 per cent. Of all stock
so subscribed for. shall be paid for.
stock of this corporation shall only D."
issued for cash. or for services rem
u"red, property or other valuable con
SIderatiouS. enurinE to this corporation.
according TO the exclusive judgment and
findings OF the board of directors there
Of.
ARTICLE IV-In the event any
holder OF owner of stock. as well as ms
widow, estate or heirs. desires to sell
or dispose of the same. such holder
or owner, as well as his widow estate
or heirs, must first tender such stock
to the other stockholders, through the
board of directors. for purchase for a
period Of thirty days, in writing. 1T the
price Of said stock on the books OF tn"
corporation; and during such period of
thirty days, the said stockholders shall
have the exclusive right to accept OF
reject the purchase of said stock. as
they may elect, and in the event said
stockholders, through said board shall
fail TO make said purchase within the
said period at the price offered, under
the conditions aforesaid. then and in
that event. the stakeholder or StOrk-
holders. his widow, estate or heirs de-
string to dispose of his stock may S"ll
the same to such other person or per
sons as he may See tit.
ARTICLE E-The domicile of this
corporation shall be in the city of New
Orleans. La, where all meetings of the
stockholders or directors must be held
provided. that with the written consent
OF all the directors, valid meetings Of
the directors may be held outside of the
state, or within the state. elsewhere
than at its dOmiCil. Citation shall be
served upon the president, or in his alb
Sence or disability upon the yice-presI-
dent; and in the absence or disability
Of the latter upon the secretary treas
urer.
ARTICLE VI-All the corporate
powers Of this corporation shall he
vested in and exercised by a board Of
directors, composed Of three stock
holders, majority of whom shall con-
stitute quorum for the transaction of
all business. Said directors shall be
elected on the fourth Monday of juno
Of each year, commencing with the
fourth Monday of June, 1928, with the
understanding that the first board Of
directors selected by the stockholders
and named in this charter, as well as
the first set of officers, as hereinafter
named, shall hold office until the fourth
Monday of June, 1928, OF until their sue
ccceSSOrS have been elected and have
qualified.
After the election OF said board of
directors, by the holders of stock, as
herein provided, there shall be elected
by said directors from their own num-
Der, the officers of the corporation.
which are as follows: list: 4 president,
IND: 4 ViCe-president: 3rd: \ secretary
and 4th: \ treasurer.-which last two
offices shall be combined in one person.
The first board of directors. and tho
officers of this corporation as selected
by the stockholders, together with their
post office addresses are as follows: W.
j. Richards, Jr., president, care French
Market. New Orleans, La; \. Glerieso,
Nice-preSident, 53l st. Ann Street. New
Orleans, La; a. St Raymond. secretary
treasurer. y26 North Broad Street. New
Orleans. La.
ARTICLE VII-The annual meeting
of the stockholders Of this corporation
for the election of directors shall be
held on the fourth Monday of June Of
each year, commencing with the fourth
Monday of June, 1928. The election for
said directors shall be by ballot and, the
majority in amount of stock. voting.
whether in person or by proxy, shall
elect the person for whom they are
cast; each share of stock voted upon, TO
be counted but for one vote. Said
stock shall not be entitled to cumula-
tive voting.
The board of directors shall give at
| least fifteen days notice by mail of the
election of said directors. and shall APP
| point one or more stockholders to pre-
! side at such elections. Any failure
| from any cause whatsoever to elect di-
rectors on the day named for that pur-
| pose shall not dissolve this corporation,
! but the directors and officers then in
| office, shall hold over until their sue
cessors are chosen and qualified.
Said board of directors Is further au-
/ . 49, l.N- 1
RULES and regulations as the affairs
| and business of the company may re-
quire, and IL may deem necessary for
! the conducting and management there
! of. provided. the same does not con-
| flict with the charter and the laws of
| the State OF Louisiana, and those of
| the United States of America: to name
and appoint such managers, fix their
compensation and terms of employ
ment, as well as name and appoint
! agents and employees as in its discre-
ton may seem fit and proper, as well
as to fix the salaries and terms of
employment of the officers, employees
and clerks and assistants.
| ARTICLE VIII-The board of direc-
| tors is specially vested with the power
| to acquire and purchase such property
or business, or good will, or all OF these
| from individuals, firms or other cOrpO-
| rations, as said board of directors may
| deem advisable and proper, and at such
/ price and on such terms as they may
deem best, and to pay therefor in the
! capital stock of this corporation or
| otherwise.
ARTICLE IX-No stakeholder shall
ever be held liable or responsible for
| the contracts. faults, or debts of this
| corporation, nor shall any mere in
| formality in its organization. have the
effect of rendering this charter null. or
I of exposing its stockholders TO any
| liability beyond the unpaid balance due
on the stock owned by them.
| ARTICLE X-The names and post
office addresses of the subscribers TO
| these articles of incorporation and the
number OF shares of stock subscribed
| for by each. are as follows: w. J.
| Richards. Jr, twelve U2) shares; n.
| Glorioso. one Cd share; 4. st. Ray
| mond twelve G2) shares.
| ARTICLE XI-All stockholders meet
! ings. for the election of directors. as
above stated, shall be held after fif-
teen days written notice mailed to each
stockholder. Other stockholders meet
| ingS may be held when ordered by the
| hoard Of directors. when requested