The herald., 1922-08-31
CHARTER.

ARTICLE III-The capital stock of
this corporation is hereby fixed AZ the
sum of five thousand $4,000 00D dol
lars to be represented by fifty (IOD
shares of the par value of one hundred
CSl00 0O) dollars per share. payable at
such time and in such inStallmentS. and
under such conditions as the board OF
directors may determine. This COrpu-
authorized to do business. as soon as
fifty (50|S) per cent. of its authorized
capital shall he subscribed for and At
least fifty (5OcC) per cent. of all stock
so subscribed for. shall be paid for.
Stock of this corporation shall only be
issued for cash, or for services rem
dered. property or other valuable con
sideratious enUrinE to this corporation.
according to the exclusive judgment and
findings of the board of directors there
of.
ARTICLE IV-In the event any
holder or owner of stock. as well as his
widow, estate or heirs, desires to sell
or dispose of the same, such holder
or heirs. must first tender such stock
to the other stockholders. through the
board of directors for purchase for a
period of thirty days. in writing. at the
price of said stock on the books of the
corporation; and during such period of
thirty days, the said stockholders shall
have the exclusive right to accept or
reject the purchase of said stock as
stockholders, through said board shall
fail to make said purchase within the
said period at the price offered. under
the conditions aforesaid. then and in
that event, the stakeholder or stock
holders, his widow. estate or heirs, de-
string to dispose of his stock may soil
the same to such other person or per
sons as he may see fit.
ARTICLE V-The domicile of this
corporation shall be in the CITY of New
Orleans Ia Uharp ., of fI,
stockholders or directors must be held.
provided. that with the written consent
of all the directors, valid meetings of
the directors may be held outside of the
state. or within the state elsewhere
than at its domiCil. Citation shall be
served upon the president or in his alb
Sence or disability upon the vice-pr"si-
dent; and in the absence or disability
of the latter, upon the secretary-treas-
urer.
ARTICLE VI-An the corporate
powers of this corporation shall he
vested in and exercised by 4 board of
directors, composed of three stock
holders, a majority of whom shall con-
stitute a quorum for the transaction of
all business. Said directors shall I've
elected on the fourth Monday of June
/ of each year. commencing with the
| fourth Monday of June, 1928, with the
understanding that the first board of
| directors selected by the stockholders
and named in this charter, as well as
| the first set of officers, as hereinafter
named. shall hold office until the fourth
| Monday of June, 1928, or until their sue
| cecessors have been elected and have
| qualified.
After the election of said board of
| directors, by the holders of stock as
| herein provided. there shall be elected
| by said directors from their own num-
| which are as follows: LIST: A president;
End: A vice-president: 3rd: a secretary
and 18th: A treasurer.-which last two
offices shall be combined in one person
The first board of directors, and the
officers of this corporation as selected
/ by the stockholders, together with their
| post office addresses are as follows: W
! j Richards, Jr., president, care French
Market, New Orleans, La: A. GlerieSO
vice-presdent. 531 St Ann Street. New
/ Orleans. La. A st. Raymond. secretary
| treasurer. 926 North Broad Street, New
| Orleans. La.
ARTICLE VII-The annual meeting
of the stockholders of this corporation
/ for the election of directors shall be
| held on the fourth Monday of June OF
| each year, commencing with the fourth
| Monday of June. 1928. The election fOi
said directors shall be by ballot and tht
| majority in amount of stock. voting
! whether in person or by proxy, shall
| elect the person for whom they are
cast; each share of stock voted upon. e
be counted but for one vote. Sale
stock shall not be entitled TO cumula
tive voting.
The board of directors shall give a
least fifteen days notice by mail of tn
| election of said directors. and shall ap
point one or more stockholders to pre-
side at such elections. Any failur
from any cause whatsoever to elect di
rectors on the day named for that pun
pose shall not dissolve this corporation
but the directors and officers then i
office, shall hold over until their sue
cessorS are chosen and qualified.
Said board of directors Is further au
thorized to frame and adopt bylaws
RULES and regulations as the affair
and business of the company may re
quire. and il may deem necessary 70
the conducting and management there
Of provided. the same does not cor
flict with the charter and the laws o
| the State OF Louisiana, and those q
. the United States of America; to nam
and appoint such managers, fix thei
compensation and terms of employ
! ment, well as name and appoir
agents and employees as in it's diScrf
tion may seem fit and proper as We
as to fix the salaries and terms c
employment of the officers, employee
, and clerks and assistants.
ARTICLE VIII-The board of dire'
! / tors is specially vested with the pOwt
to acquire and purchase such propert
or business. or good will, or all of thes
= from individuals, firms or other corp'
rations as said board of directors ma
deem advisable and proper, and at sue
: price and on such terms as they ma
deem best. and to pay therefor in III
capital stock of this corporation {
otherwise.
ARTICLE IX-No stakeholder sha
=. ever be held liable or responsible fC
the contracts. faults, or debts of TIL
/. corporation, nor shall any mere IN
I formality in it's organization. have ii
effect of rendering this charter null,
of exposing it's stockholders to an
liability beyond the unpaid balance a.
on the stock owned by them.
| ARTICLE X-The names and po:
office addresses of the subscribers
=. these articles of incorporation and n
number Of shares of stock subscribe
for by each. are as follows: w.
Richards. Jr.. twelve U2) shares;
. GloriOso. one "a share; A. St Ra!
mond. twelve G2) shares.
= ARTICLE Mali stockholders NEE
:, ingS. for the election of directors,
above stated, shall be held after Fl
I teen days written notice mailed to eaC
I stakeholder. Other stockholders NEE
: ings may be held when ordered by II
II e x.vlA ..