The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-27
CHARTER

80 ,'iati'i groceries. faodt and
aiI'IS',tp agricu!tursI uStuffs 'aea
'- ,-,,'' JUS. ana manufac, prod1e,'" ! T.
80 ID" lure whatsoavsS'' ured AZ !
5''D,IIe' refine. transnar, 10 maSS.s
-, IA agricultural and o,ssS
,"' 'uIeH articles or M Products
Ti''"'s Whatsoever. aeIehahdIs. q
az anu perform an "np Igens,,S
anu incidental 10 lungs ~
",, PROPER eXecution me earrnSs
anu purposes hereinahColr lie
AtIiCLE ". The Wv, nsa:::
tl'' corporation is capital e.
me sum of Fifty TTssreby f,.e
.y''Vo".VV), and shall neousand ~
~" I.preSented by fiva Ie diva 4
-. 'I,"'Hun stock of th HUNDRED !, Z
One Hundred Dollars s eae par We
said stock shall 10 AN
or Tor property, or pad for n
rendered 10 the services
. equivalent Of cash poration, ~
IN IN such manner app,sVVlded /,
ana m such instalInau at sur q
piSSeI I1ed by the BosrSS as
rms corporation OF Dhs
.''hE concern and shaII beeOs.
10 commence business "a De au,hSs
per cent t5Jto) of It's soon a. q
shah have been subscr;, eapihI q
per cent of all STOCK -oea, aud -
Slaii IN TACT have been Esuhserbss
III 'tSH or ITS equivalent S'a Tor IS
ARTICLE V. TIL
THIS corporation NAV capital s,oA
thc sum Of One iros incresSs
Dollars t$lUo,OUO.OOj hW ured nOSsl
thirds oi ala the stock vote vote Of
resented at a special mAs,'sent o. -
that purpose, or al uhg eala5
meeting II the corporsti regular ass
~ Ai;Ii lie. VI. ALI cer,,a
he 90 l - ,,sIeu by this corporssals
T,-,,7iL77. NJ anu counter-siSn.soa 4
nj, OF secretary Tress,u 9
1nS STOCK OF this cornosie'.
IL 'iaiIsLeIItd only on IN @uoe a
rn',uI oIi POI "t!on' and subjeet Oeoa
b, - ana iOrmalities a.
TO time prescribed iron ~
snail be permitted 10 san stockhOS
nc Iii H. " ms ms stock without fys, iss
ING the same in Writing =, Aul a.
Stockholders!r through 1h !" he %.
directors, at a price No, board
DOCK value thereof: ana eecing
holuerS III proportion 10 ,he sud
snail nave an option and q holtp
10 purchase, at the book ITS, nfa a
stock on December 81 las, n
all the shares of stock 70 pleeetl
posed of by sale or otbs-,Ue nus 1 |
OF the stockholders. and srIss o. n
period OF ten days in wbinS nav,
or decline said offer. ShonIS 70 aess
holders decline to purchsSa ue sd
then Such stakeholder is a, sag I'd
sell or dispose of the stoas, noefr
90 50 IN any manner and AZ ana U
he may deem fit. d any rs
Each share of stock Ia isvr.,,
upon the condition and pnS" hs'e
mat no stakeholder shall sell ssSnce
wise transfer his stock in oae
hereot, and any such sale ., Dals
IL MADE shall be void. and ,S1aAr
poration shall be under my na ns y. |
10 list said stock on its hos ynoassa1
thereof. INC ceruhc>
ARTICLE VII. The corpOr,,. :.
ers OF this corporation shah ~ W.
IN ana exercised by a hoa,S x
less than three nor more than =,
tors, at the option of the s,as ~ un<
TWO 10 constitute a Quorum ~.
are three directors, three n caa nn
a quorum when there ara ,ne S.'u.lz
three and less than six direc,a's. ul
four TO constitute a ouorun. y
there be six directors. Tor ~. 49, s.
action of business. The dIrse,,u.H
the corporation may vote in esss Z
by written or telegraphic pro.r :,
OF the meetings of the Board ~ ny
tors; and the Board Of Directa,s -
delegate any of its powers n ~
officer or officers. or any oths,
resentative of the Corporation Nv y
propriate resolution to that sffses '
The first Board of Directors n A.
corporation shall be composed a. 4.
following: Jake =. GoldsmIth =.
kessler, Jr., Charles Levy. with 4.
following as officers: Jake p "a
smith, President; Sam Kessler i
OBSERVATION-DISCLOSURES; and thew hi
serve until the second WednesdaY =
August, 1928, or until their suecesxn
are elected and qualified.
The directors shall be elected AM,
ally at a meeting held on the s-crI
Wednesday of August in each M
after such date. Notice Of aid nsr
ing shall be given fifteen days Nh
to the date of said meeting, in vriir
sent by mail to each stockhClder 4
his last known place Of residence M
Board of Directors may change i.
date of said annual meeting % ~
other date, by written notice TO III
effect. sent at least fifteen days Yr
to the date to which said annual net.
ing shall be changed. directed by mai
to each stakeholder, at his last ngu
place of residence. .
Each stakeholder shall at such y
nual meeting or other meeting, genen
or special, be entitled. In person Or "
proxy. written or telegraphic % n
vote for each share OF stock owusd b
him. The election shall be he'd m1x
such rules and regulations Is NJ
be from time to time Determined y
the Board of Directors
The directors, when elected nil
hold office for one year, or until III
successors shall have been. eleclsd q
qualified, and failure to hold he =
nual meeting of stockholders or to thr
annually directors shall not opezn
the forfeiture of this charter Or ~
rights hereunder.
Any vacancy occurring In the Donf
OF Directors may be filled by the dIrt
tors for the unexpired term
ARTICLE VIII. This charter -
act or incorporation may be ehaqa
modified. altered or amended by =
with the consent Of three-fouff1
all the stock present or represents
a meeting, general or special, heb
that purpose, and such amel6n0
may be material or immaterial -
Ject only to Limitation as may y
law provided; and this corponM
shall have the right and power
crease its capital stock as herenoelH
set out, and any increase OF the oy1.
stock in excess Of the amount ~.
herein as the amount to whih
capital stock may be increased ny I
made by a three-fourths vote =
stock
ARTICLE TX. Notice Of any snt =
referred to In this cnL
or required by law, shall be rvu .
the manner provided for Giving -.
in the case of election Of dirsetm
or by publication Of such nouo
fifteen days previous to such 80
in any daily newspaper In tne ~
New Orleans. unless the notice q
meeting shall have been waSsu q
and directors hsvin =
right by this charter to waive
at any time and for any meeting
ARTICLE Y. In case OF tne
luton, liquidation or terminaum :
this charter. by limitation o. ~
wise. the affairs Of the cofp0s.r
shall be liquidated by one q =,
elected by two-tnn@ -
of the stockholders. who may ~ n
the number of said liquidatms ~.
vest them with such power ana ss 49,
Ity as may be by law permltIea ~
the terms and conditions upon
they shall serve, and their coI5e ~
ton. and provide that In case iIcrr
DIT disability of any one OF 80 -
tlators the remaining liquldA."s =, q