The herald., 1922-02-16
CHARTER OF
NJ. RUELLO & CO., INC.

Upited States Of America, State of
Louisiana, Parish of Orleans, City of
New Orleans. Be II known that on this
18th day of the month of January, in the
year of our Lord, one thousand nine hun
bred and twenty-five, and of the lnde-
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
dersighed, personally came and appeared
ihereunto subscribed, who severaliy de-
clared that, availing themselves of the
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 corporation and
body polite in law, for the purposes and
objects and under the articles and stipu-
lations hereinafter set forth.
ARTICLE i. 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
power and authority connected with the
purposes of this organization or Incl
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
m do nj
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
served upon the President of the corpor-
alton, and, in his absence. on the Vice
President.
ARTICLE Nv. The capital stock of
this corporation is hereby fixed at Ten
into one hundred (1OO) shares of One
Hundred Dollars (s1O0OO) each.
The capital stock may be increased to
not to exceed Fifty Thousand Dollars
ts50,000.00), and the increase in the cap
mon stock, or partly OF one and partly
Of the other and the terms of the pre-
ferred stock shall be fixed by the Board
Of Directors, which may be in existence
at the time Of the proposed increase.
ARTICLE v. All the powers Of this
corporation shall be vested in a Board
of Directors, composed of three stock
holders, and power and authority is
hereby vested in the Board of Directors
to increase the number Of directors to
any number not exceeding five (5); and
the said Board Of Directors may fill va
cancies in their number. however caused,
by election from among the stockholders
The said Board Of Directors shall be
elected annually, on the first Tuesday in
July of each year, except the first elec-
ton to be held on the first Tuesday OF
July, 1923.
At the annual meeting held for the
election of directors, each share Of stock
shall be entitled to one ~ vote, which
may be cast in person or by written
proxy.
The failure to hold ouch meetings shall
not terminate the corporation, but the
officers then in office shall hold over
| until their successors are elected and
qualified.