The herald., 1922-02-09
CHARTER OF
VI. RUELLO & CO., INC.
Jan. o. Mcb. 2

United States of America, State of
Louisiana, Parish of Orleans, City of
New Orleans. Be it known that on this
10Th day of the month of January, in the
year of our Lord, one thousand nine hun
dred and twenty-five, and of the INDIE
pendence of the United States of Amer
lea. the one hundred and forty seventh.
before me, JOHN WAGNER, a Notary
Public, duly commissioned and qualified
in and for said city, parish and state.
therein residing, and in the presence of
the witnesses hereinafter named and I'M
dersigned, personally came and appeared
the several persons whose names are
hereunto subscribed, who severally de-
laws of the State Of Louisiana relative
to the organization of corporations, ana
especially Act No. 267 Of the General As
sembly of the State of Louisiana for the
year 1914, they do by these presents, for
themselves, their successors and assigns,
form themselves into a corporation and
body polite in law, for the purposes and
objects and under the articles and stipu-
lations hereinafter set forth.
ARTICLE /. The name of this corpor-
alton shall be NJ RUELLO CO., INC,
under which corporate name 1t shall have
corporate existence and succession for
the term of ninety nine years from and
after the date hereof. 1t shall have power
to sue and be sued; to contract, pur-
chase, lease, mortgage, pledge, ALLEVIATE
and cucumber real estate and personal
property, and generally to exercise all
power and authority connected with the
dental thereto, and all the power and
authority conferred on corporations by
the laws Of this State.
ARTICLE ii. The purposes for which
this corporation is organized are: To
deal in groceries, teas. coffee and other
articles used and connected with the
grocery business, and to sell same at re-
tail or otherwise, and to buy and sell
same. and to do all things necessarily or
implicitly incidental to the said business
and to do everything that may foster or
extend or improve or facilitate, directly
or indirectly, the successful carrying out
of the objects and purposes Of the cor
poration and the business thereto.
ARTICLE III. The domicile of this
corporation shall be in the City of New
Orleans, Louisiana. Citation of all legal
process and other legal notices shall be
served upon the President of the corpor-
alton, and, in his absence, on the Vice
President.
ARTICLE ~. The capital stock OF
this corporation is hereby fixed at Ter
Thousand Dollars (s10Oo0.Oo), divided
into one hundred (1O0) shares of One
Hundred Dollars (s100.00) each.
The capital stock may be increased Il
ESQ, ooOOO), and IN Increase in the cap
ital stock may be by preferred or com
mon stock, or partly of one and partly
OF tne OtHtr, anu the teTHls Oh the pre-
ferred stock shall be fixed by the Boart
of Directors, which may be in existenc'
at the time of the proposed increase.
ARTICLE v. All the powers Of thi.
corporation shall be vested in a BOARD
Of Directors. composed Of three stock
holders, and power and authority 1,
hereby vested in the Board of Director,
to increase the number Of directors Il
any number not exceeding five t5); and
the said Board of Directors may fill va
cancies I'm their number, however caused
by election from among the stockholders
The said Board of Directors shall b,
elected annually, on the first Tuesday II
July Of each year, except the first cleo
ton to be held on the first Tuesday o.
July, 1923.
At the annual meeting held for tn.
election Of directors, each share Of stool
shall be entitled to one az vote, which
may be cast In person or by writer
proxy.
The failure to hold such meetings shall
not terminate the corporation, but tn
| officers then in office shall hold owe
until their successors are elected an,
quahned.