The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-02
CHARTER

other 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 capital
stock may be issued for capital stock
of other corporations. 1t may name
, appoint and employ such managers.
directors. officers. agents and other
| employees as it's interests, business
and convenience may require. ana may
| fix their compensation. having due re-
gard to the nature, character and value
| of their service. 1t may make and
establish bylaws, rules and regulations
not inconsistent with this cnarter OF
any existing law. fixing or altering the
| management of its property. the regu-
| lation and government of it's affairs.
and the manner of the certification or
registration of its stock. 1t may wind
up and dissolve itself or be wound up
and dissolved in the manner prescribed
by law. 1t may conduct business in
this state. other states, the federal
districts. territories and possessions OF
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 this
charter. And IL generally shall have
and possess all the powers. rights.
privileges and immunities which cor
porations are and may hereafter be
authorized to have and possess under
the Constitution and the laws of this
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 II. The domicile of this
corporation shall be the city of New
Orleans. parish of Orleans. state of
Louisiana, and all citations or other
legal process shall be served upon the
President of this corporation; or: in
President: or. in the absence of both of
these officers. upon the Secretary Of
this corporation.
ARTICLE III. This corporation shall
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- |
other kinds of fuel and all other arti-
cles or things incidental to such bust |
ness. and particularly incidental to the
general grocery, vegetable. food supply.
vision mercantile business, either whole
sale or retail.
To purchase. hold, sell, improve and
ease real estate, and to mortgage and /,
cucumber the same: and to erect, man
lge, care for, maintain and equip build /,
,arts or parcels. improved or unim- ;
proved, and under such terms and con- ,
litions as to time and manner of pay
nent as may be agreed upon. .
To acquire and undertake to fulfill =:
property rights, franchises and assets :
Z every kind and the liabilities of
ny person, firm, association or corpor-
ton, and to pay for same in cash,
took or bonds of the corporation or !,
therwise.
To make and perform contracts OF !
ny kind or description to carry on it's ,
usiness, and to do any and all things |
hitch a co-partnership or individual
erson could do or exercise, and which a
re now or hereafter may be author
n any business which under the law h
may be entitled to carry on. which a
lay seem to the corporation to be cal {
llated. directly or indirectly, to effect +
ther of them, or to facilitate the &
orporation in the transaction of any v
her lawful business that might be a
llculated, directly or indirectly, to en- S
Die any of the corporations property a
I'd rights: and generally to hold and b
Iercise all such individual powers and a
'ivileges, and to do and perform all n
'ses hereinabove set forth, or as may II
, needful. necessary. proper, useful or b
'nvenient for effecting such objects
I'd purposes. or either of them. ri
al stock of this corporation is hereby Il
xed at and declared to be the sum al
Fifty Thousand Dollars s5000000). 81
hich capital stock may be increased W
the manner provided by law, to the II
I'm of One Hundred Thousand Dollars
! 100. 000.0e). CO
The presently authorized capital stock n,
this corporation shall consist OF 81
.lue Of One Hundred Dollars (s100.00) CT
oh. 1t shall be represented by GER d
ficates, shall be full paid and non, OF
sessable when issued, shall be issued B
tually received. or for cash to be in
i'd at such times and in such amounts pf
ID after such notice as may be deter Is
ined by the Board of Directors and be
said capital stock shall be binding lie
ION this corporation unless made in u,
cordance with its charter and bylaws al
ID recorded on the books thereof. be
s of this corporation shall be vested dc
and exercised by board of three in
directors, each of whom shall hold T.,
his own name at least one share ar
,ard of Directors shall be elected ar
nually on the first legal day in in
arch of each year. beginning with e.
20. All such elections shall be by of
Hot at the office of this corporation. IN
der the supervision of three commits on
'ners to be appointed by the Board no
Directors. and in the absence of any nj
the President shall have &C
e power to fill the place by appoint ~
INT. OF all such elections. as we'll 70
OF all meetings of stockholders. ex- a.,
pit for the purpose of liquidation or We
solution, or as otherwise required by N;
v. fifteen G5) days notice shall be 10
zen by mailing to each stakeholder he
10 appears as such on the books of ne,
8 corporation at his last designated 90,
dress, or care of General Delivery at q,
w Orleans IL he has not designated ~
address, notice stating the time eio
1 place of the meeting. Each share snj
der shall be entitled to one % vote 90,
each share of stock standing in WI
name on the books of this corpor- 81 eS
on, to be cast In person or by proxy, a d
majority of the votes cast shall ehS
ct. Failure to elect directors on the of '
above specified shall not dissolve Ro
8 corporation, but the directors then ~
office shall remain in office until NE
ir successors are eletced and quail ca
ID. Due notice of another election ods
III forthwith be given as above pro- II
ed for. and such notices of election ply
III be continued to be given until an M M
ction is had IN
.RTICLE VI. At it's first meeting eie
h Board of Directors shall elect eIe
m its membership a President, a pro
e-President; a Secretary. and be
Su[er. Inc oIflces or secretary land
Treasurer may be combined by the 1.-THE
LII LII VI DrectorS ana helo py one lunt
m time to time, as II sees fit an