The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-23
CHARTER OF
NJ. RUELLO 4 CO., INC.

NJ. kUELLO CO., INC.
United States Of America, State Of
New Orleans. Be it known that on this
10th day of the month Of January, in the
year of our Lord, one thousand nine hun
dred 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
dersigned, personally came and appeared
the several persons whose names are
hereunto subscribed, who severally 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 1. The name of this corpor-
alton shall be NJ. RUELLO CO., INC,
under which corporate name it 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
property, and generally to exercise all
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
articlesN used and connected with the
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 that may foster or
extend or improve or facilitate. directly
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
process and other legal notices shall be
served upon the President of the c0rpor-
alton, and, in his absence, on the Vice.
President.
ARTICLE Nv. The capital stock Of
this corporation is hereby fixed at Ten
Thousand Dollars Gs1O,OOooO, divided
Hundred Dollars (s1O0.0O) each.
The capital stock may be increased to
not to exceed Fifty Thousand Dollars
ital stock may be by preferred or com
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 II
hereby vested in the Board Of Directors
to increase the number Of directors t.
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 b,
elected annually, on the first Tuesday II
July Of each year, except the first cleo
ton to be held on the first Tuesday o
July 1923
At the annual meeting held for tn
election Of directors, each share of stool
shall be entitled to one ~ vote, whicl
may be cast in person or by writer
proxy.
The failure to hold such meetings shall
not terminate the corporation, but tn
officers then in office shall hold owe
until their successors are elected an
qualified.