The herald., 1922-10-26
CHARTER.

| other forms OF security lot money
loaned or other debts. II may con-
tract, sue and be sued, plead or be
, implicated by it's corporate name In
any court of competent jurisdiction
; 1t may make. adopt and use a 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 IL may tsra mans
directors. officers. agents and other
employees as its 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 Hnarter OF
any existing law fixing or altering the
management of its property, the regu-
lation and government of its AFFAIRS.
and the manner of the certlflcatlon OF
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 to
invest it's 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
I
authorized to have and possess under
/ the Constitution and the laws of this
state and particularly under Act NO
! POI of the acts of the General Assem-
/ bly, of the state of Louisiana for the
I year 1914 and the amendments thereto
/ ARTICLE IL The domicile of this
! corporation shall be the city of New
Orleans, parish of Orleans, state OF
! Louisiaaa. and all citations or other
! legal process shall be served upon the
! President of this corporation; or. In
! case of his absence, upon the Vice
| 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 IL are hereby
declared to be:
To buy, sell and deal in. at whole
sale and retail, groceries provisions,
food supplies. wares. vegetables, pro-
duCe. grain, hay. game. coal, wood and
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,
poultry. fish, game, produce and pro-
vision mercantile business, either whole
sale or retail.
TO purchase, nOlu. sell, improve ana
lease real estate, and to mortgage and
cucumber the same; and to erect, man.
age. care for, maintain and equip build
ings thereon, TO sell the same in such
parts or parcels. improved or unim-
proved. and under such terms and con-
ditions as TO time and manner of pay
ment as may be agreed upon.
To acquire and undertake to fulfill
property rights, franchises and assets
of every kind and the liabilities of
any person, firm, association or corpor-
alton, and to pay for same in cash,
stock or bonds of the corporation or
To make and perform contracts OF
any kind or description to carry on its
business, and to do any and all things |
which a co-partnership or individual
are now or hereafter may be author |
lied by law, and in general to carry |
on any business which under the law |
1t may be entitled to carry on, which /
may seem to the corporation to be cal /
culated directly or indirectly, to effect /
the aforesaid objects and purposes, or
either of them. or TO facilitate the /
in the transaction of any
other lawful business that might be .
calculated, directly or indirectly, to en-
nance the value of or to render profit
able any of the corporation property
and rights; and generally to hold and
exercise all such individual powers and I
privileges, and to do and perform all I.
things as relate to the objects and pur-
be needful, necessary, proper, useful or
convenient for effecting such objects
and purposes, or either of them.
ARTICLE ": The authorized cap
fixed at and declared to be the sum
of Fifty Thousand Dollars (s50.000.00), u
which capital stock may be increased /
in the manner provided by law, to the
sum of One Hundred Thousand Dollars
(S100. O00.0e).
The presently authorized capital stock I
Of this corporation shall consist of II
Five Hundred 5000 Shares of the par
each. 1t shall be represented by GER
shall be full paid and non
assessable when issued shall be issued |.
actually received. or for cash to be
paid at such times and in such amounts |,
and after such notice as may be deter
mined by the Board Of Directors. and
of said capital stock shall be binding /
upon this corporation unless made in +
accordance with its charter and bylaws
and recorded on the books thereof.
ARTICLE V. All the corporate pow
in and exercised by a board of three Il
go directors, each of whom shall hold i
in his own name at least one share
of the stock of this corporation. Said
Board of Directors shall be elected
annually on the first legal day in
March OF each year. beginning with
1873. All Sucn elections shall be by
ballot at the office of this corporation,
under the supervision of three commits
sioners to be appointed by the Board
of Directors, and in the absence of any
the President shall have
the power to fill the place by appoint
ment. OF all such elections, as well (
as of all meetings of stockholders, ex-
cept for the purpose of liquidation OF ,
or as otherwise required by
law, fifteen C5) days notice shall be
given by mailing to each stakeholder
who appears as such on the books OF !
this corporation at his last designated :
address, or care of General Delivery at !
New Orleans If he has not designated )
an address, a notice stating the time Il
and place of the meeting. Each share s
Tor each share of stock standing in 6
his name on the books Of this corpor- N
alton. to be cast in person or by proxy, q
md majority Of the votes cast shall :
llect Failure to elect directors on the -
lay above specified shall not dissolve T
his corporation. but the directors then 4
n office shall remain in office until a
heir successors are eletced and quail =
fled. Due notice Of another election .
hall forthwith be given as above pro- n
'tded for, and such notices of election :,
hall be continued to be given until an =
election is had.
ARTICLE VI. At it's first meeting e
ach Board of Directors shall elect e
rom its membership President a p
, ressnreT The orf Secretary and
nd Treasurer may be combined by the Id
Board of Directors and held by one lu
erson. The Board of Directors may Id
rom time to time. as IL sees fit an