The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-26
CHARTER OF
VI. RUELLO 4 CO., INC.

United States of America, State of
Louisiana, Parish of Orleans, City of
New Orleans. he it known that on thi.
18th 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 un-
dersigned, personally came and appeared
the several persons whose names are
hereunto subscribed, who seyerally de-
clared that, availing themselves Of the
laws of the State of Louisiana relative
TO the organization of corporations, ana
especially Act No. 26I 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 j. The name of this cOrpOr-
alton shall be NJ. RUELLO & CO., INC,
under which corporate name ii shall have
corporate existence and succession for
the term of ninety nine years from and
after the date hereof. 1t shall have power
10 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 H. The purposes for which
this corporation is organized are: To
| deal in groceries. teas coffee and other
articles used and connected with this
/ 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 tina. 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 lega
process and other legal notices shall b,
served upon the President Of the corpor
alton, and, in his absence, on the Vice
President.
ARTICLE ". The capital stock o
this corporation is hereby fixed at Tel
Thousand Dollars (S10OO0.00). divide,
into one hundred Q00) shares of on
Hundred Dollars (S1O0.OO) each.
The capital stock may be increased L
not to exceed Fifty Thousand Dollar
($5O,OOO.OO), and the increase in the cap
ital stock may be by preferred com
mon stock, or partly of one and partl
of the other. and the terms of the pre-
!
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 Boar
of Directors, composed of three stock
holders, and power and authority
hereby vested in the Board of Director
to increase the number of directors t
any number not exceeding five (5) an
the said Board of Directors may fill va
cancies in their number, however caused
by election from among the stakeholder
The said Board of Directors shall b
elected annually, on the first Tuesday /
July of each year, except the first cleo
ton to be held on the first Tuesday Q
! July. 1923.
At the annual meeting held for tn
election of directors, each share of stoc
shall be entitled to one (D vote. whic
may be cast in person or by write
proxy.
The failure to hold such meetings sha
not terminate the corporation. but tn
officers then in office shall hold owe
until their successors are elected an
The first Board of Directors shall con
sist of: Mariana Ruello, No. 1927 Tulan
avenue. New Orleans, La; Candolory
Ruello, No. 1928 Bourbon street. Ney
Orleans, La; Josephine #. Ruello, 172
Tulane avenue, New Orleans, La.
Each Board Of Directors shall annual
elect from their number President
VicePresident. Secretary, and Treasurer
|
with that of the President, Vice-Presiden
or Secretary.
The first President shall be Marian
Ruello; the first Vice-President shall b
Candolory J. Ruello; the first Secretary
Treasurer shall be Josephine T. RueIl,
and they shall hold office until their sue
cessors are elected and qualified
ARTICLE VI. Not less than fftee
Q5) days notice shall be given for al
regular stockholders meetings. and no
less than five 90 days notice for specia
meetings. The Board of Directors shal
hold regular and special meetings at sue
times and upon such notice as to tim
which the said Board may fix. All nc
tices of meetings of all kinds shall b
by written notice, through the postoffc,
addressed to the respective stakeholder
at the address given to the Secretary b
each stakeholder. or the notice may
delivered by messenger.
ARTICLE VII. This act of incorpol
, alton may be changed, modified or n
, tered, or this corporation may be di
| solved. with the assent of two-thirds
the stock present or represented at
! meeting convened for that purpose.
: ARTICLE VIII. No stakeholder sha
r ever be held liable or responsible 4,
. the contracts or faults Of said corpo
!, alton In any further sum than the nj
: paid balance due on the shares of stoC
;. owned by him; nor shall any mere Il
: formality in organization have the effe