The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-06
CHARTER.
nd provisions contained in the follow

inc', anu unuer It's SAID corporate name
1t shall have and enjoy a corporate ex-
istence and succession for ninety nine
(99) years from and after date hereof.
unless sooner dissolved by or according
to law; and by and under that name
rights, powers and obligations now
granted or that may be granted here
after by law to corporations Of this
character, including the right especially
TO hold, receive. purchase. ALLEVIATE, con-
vey, sell, mortgage, pledge, hypothecate,
rent or lease property, real. personal and
mixed; in fact. to have all such rights
and as are necessary, incidental or con-
yenient for carrying out the objects and
purposes OF said corporation as herein
established.
ARTICLE ii. The domicile of this
corporation shall be in the city Of New
citation or other legal process shall be
served in the manner as Is now or may
be hereafter prescribed by law.
ARTICLE III. The objects and pur-
poses and the nature Of the business to
be carried on by this corporation are
hereby declared to be: To carry on.
conduct and operate a wholesale produce
business, and to deal in poultry, live
stock, game, poultry products, meats,
groceries, syrups, molasses, canned goods.
and all other products of whatsoever
kind and nature related or kindred to
the above. or not so related. including
compositions Thereof; and to do any and
all business incident thereto or connect
ed Herewith, as well as a general COM
mission business.
In fact, said corporation Is authorized
to do any and all other acts and things
and to exercise any and all other powers
which any corporation natural
person could do. and could exercise, and
which now or hereafter may be author
lied by law.
corporation is hereby fixed at the sum
OF Fifty Thousand Dollars 1850. 900. oO),
which shall be divided into and consist
of two (2) separate and distinct classes,
to the limitations hereinafter set forth.
There shall be a common stock and
a first preferred stock. The common
stock of the corporation is hereby fixed
lars (s350oO.OO), and the first preferred
stock of the corporation Is hereby fixed
at the sum of Fifteen Thousand Dollars
(s15.OO0.0O) each class OF stock to be of
(s1OOOO) per share; the common stock
TO consist Of Three Hundred and Fifty
(350) shares and the first preferred stock
to consist Of One Hundred and Fifty (150)
the manner and for the consideration
prescribed by law.
All the shares of stock shall be full
paid and worcestershire. The capital
stock Of the corporation may be in
creased to One Hundred and Fifty
Thousand Dollars (s15OOOO.OO). this be-
ing the maximum amount OF increase
in the capital stock authorized by this
act of incorporation. The common stock
and the first preferred stock may be in
creased according to law, and may be
issued in such amounts and proportions
as shall be determined by the Board of
Directors and as may be permitted by
Each stakeholder shall be entitled at
all stockholders meetings to one vote
for each share OF common stock held by
preferred stockholders shall not have
the right of voting on their preferred
stock. The preferred stock herein Gre
ated and authorized shall not carry with
The holders Of said preferred stock
shall be entitled TO receive during each
fiscal year out Of the net earnings OF
the company. preferential cumulative
tum (sqS) per annum. payable yearly on
the first day of April. or in half yearly
or quarterly instalments. as the by
laws may from time to time provide. or.
Of Directors may so order. After the
payment Of said preferential cumulative
dividends Of eight per centum (S1o) for
any. fiscal year. or part thereof, to the
further amount declared in dividends
for said fiscal year. or part thereof. shall
be paid to the holders Of the common
stock: provided, however, that the Board
Of Directors OF the company may In their
discretion declare dividends during any
fiscal year, or part thereof. on the COM
mon stock. but no such dividend shall
be declared on the common stock unless
all cumulative dividends for previous
years and all accrued installments. IL
any. for the current year. on the pre-
ferred stock, shall have been set apart
or paid.
alton the dividends on said preferred
stock shall be cumulative, so that IL in
any year subsequent thereto dividends
amounting to eight per centum (Sqo) per
s1a@ shall nSs be PAID ON sa hS
charge upon the net earnings Of the
company until paid; but the Board OF
Directors may provide at the time or
dividends thereon shall be cumulative
only from the time OF such issue. The
holders of the preferred stock shall, in
case of liquidation or dissolution Of the
company, be entitled to be paid In full
the par value of their preferred shares
Of stock and the dividends accumulated
and unpaid thereon, before any amount
shall be paid to the holders Of the COM
mon stock.
The holders of the preferred stock
shall have no voting powers whatsoever.
nor shall they be entitled to notice OF
any meeting of stockholders Of the COM
pany. Said preferred stock shall be sub
ject to redemption at One Hundred and
Five Dollars (s105.OO) per share. and
accumulated dividends thereon, at any
time after three years from the Issue
thereof, at such time or times and In
such manner as the Board of Directors
may and shall determine.
ARTICLE v. No transfer Of stock or
this corporation shall be binding upon
the company unless and until the trans
fer is actually made on the books of
said corporation in the manner required
by law. Prior to such transfer this cor
poration shall be authorized to deal only
with the person in whose name the stock
stands on the books of such company.
No stakeholder Of this corporation shall
have the right to sell his said stock or
pledge or hypothecate the same with
out first having offered II to the Board
Of Directors of this corporation, and
given said Board Of Directors thirty 800
days within which to purchase said stock
at its market value, or to receive the
same in pledge. as may be desired by
the holder of said stock.
All the corporate powers Of this cor
poration shall be vested in and exercised
Of not less than three ~ nor more than
ten (10) holders Of the common stock of
this corporation.
The following named stockholders. with
their addresses here given, shall c0nst1-
tute the first Board Of Directors: Roy
L. Calamia, u Morgan boulevard. New
Orleans, La Shields O'Reardon, S5 Nor
gan boulevard, New Orleans. La, and
r. F. Darby, 2911 Prytania street, New
Orleans, La, being three stockholders.
Three members shall constitute quorum