The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-01
CHARTER.

ARTICLE IV-The capital stock of this
corporation is fixed AT the sum OF twenty
thousand dollars, S2OWOOOJ divided into
two hundred shares of the par value OF
one hundred dollars (SlOOOOl each. All
shares of stock shall he full paid and non
assessable. No transfer of stock shall be
binding upon the corporation unless made
upon its books. and all certificates OF
stock shall be signed by such officers as
may he designated by the board of direc
tors. This corporation shall have the
right to increase its capital stock TO the
further sum of ($l00,OOOD. one hundred
thousand dollars, to be divided into shares
Of one hundred dollars each. (SlDOO), pro-
yided such increase in the capital stock
shall have been authorized by three
fourths of the stockholders. at a meeting
held for that purpose after being duly
notified in writing. No stock shall be
sold by any stakeholder until the same
shall be- offered for sale to the corpora
tiOn which shall have the right TO pur-
chase the same and no transfer shall be
made upon the books of the corporation
until the stock has been so offered and
declined. In the event of an increase OF
the capital stock. the additional shares
/ shall be first offered to the stockholders
DESTROYS to subscribe to such increase.
/ ARTICLE V-Au the corporate powers
/ Of this corporation shall be vested in and
/ the management ana control of its affairs
. shall he exercised by a board of directors
7 composed Of four stockholders. A major
/ ity of the directors shall constitute a quo
The directors shall Ice elected annually by
ballot. on the second Thursday I'm Janu-
. airy of each year. Each stakeholder shall
be entitled in person or by proxy. to
vote for every share owned by him. and
| all elections shall be held under such
rules and regulations as may he deter
1 mined by the board of directors: after
fifteen days notice by mail of such cleo
ton shall have been sent to each stock
holder at his last known address. The
directors thus elected shall continue in
office for one year, or until their success
sOrs shall have been duly elected and
qualified. No failure, TO elect shall be re-
garded forfeiture Of this charter.
Any vacancy occurring on said board shall
be filled by the remaining directors for
the uneNpired term: the said board shall
likewise elect the additional members in
case they should determine to increase
the number of said board. The said
hoard Of directors shall. at its first meet
ing after its election. nominate ont OF its
number. a president, a yice-president. a
secretary and treasurer Said board
shall have the right to consolidate any
two Of said Officers into one. or seCre-
gate said officers. also their right 10
| appoint and dismiss such clerks. man
ayers and other employees of the cor
pOration rs conditions may Justify or the
|, The tenure Of office Of all the employees
Of the corporation shall he during the
pleasure Of the board Of directors.
, ARTICLE VINO stakeholder shall
ever he held liable or responsible for the
contracts. faults or debts Of said CORPORA
ton nor shall any mere informality in its
organization have the effect of rendering
this charter null. or Of exposing stock
holder to any liability beyond the unpaid
balance due on the stock owned by him
, ARTICLE VII-ThIs act Of incorpora
, tion may he changed. modified or altered
or this corporation may be dissolved
, with the assent of the stockholders owning
J twO-thirds of all the stock of the corpora
I 0 sfra, I'D TO- shnN nv
pose. after at least fifteen days writer
J notice Of this meeting has been giver
through mail. addressed to each stock
n holder. at his last known address II
o. case of the dissolution by the expiration
| Cf this charter or otherwise. the stock
i holders shall elect three liquidators from
Y among their number. to liquidate and set
/ tie the business and affairs Of the cor
4 ARTICLE vIII-Twenty thousand dol
!, lars have been subscribed TO the capita
. stock of this corporation, as follows. TO
wit:
Giuseppe Cddo 1902 Decatur street. New
Orleans. La. fifty shares. 100000; Gae
tanO Uddo. 1922 Decatur street. New Or
leans. La. fifty shares. 100000; Angel
4 GlOrioso. 531 st. Ann street. New Orleans
:. La. seventy shares. 100000; Joseph Can
@ selOsi. 1924 Decatur street. New Orleans
It La. thirty shares. 100000. Tota
|. ARTICLE Ix-Until the election to h
s held on the second Thursday in lar
% nary 1929. the following shall constitut
= the first board Of directors, viz: Giusepp
y T-ddo Gaetano CddO. Angelo Glorioso. an
Joseph Cangelosi. OF whom GiusepI
B, Cddo shall act as president. Joseph Car
20 gelosi. vice-president Gaetano Uddo. SCI
:, rotary. and Angelo Glorioso, treasurer.
u Thus done and passed. in my office 8
= the City of New Orleans. on the day an
= date first above written. in the nresenC
20 Of Rosario Raspanti and Marion NJ. Kuh'
er both of this city. competent witnesse
who sign these presents with said M
s. rparers and me. notary, after due readin
OF the whole.
(Original siCned):
Giuseppe Uddo. 80 shares. S.OOOO'
Gantano Cddo. 80 shares. s5OO0O0: Ange
GIorioso. 20 shares. s7OOOOo: Jos. Cal
Celosi. 70 shares. s3OO0.00; Rosario RAJ
= panti. Marion VI. Kuhn.
: THEO. COTONIo
=, Notary Public
a I. the undersigned Recorder Of Nor
g cages. in and for the parish Of Orlean
y, State Of Louisiana. do hereby certify th'
y the above and foregoing Act OF 1nco
10 noration. Of the New Central Canning c.
Inc. was this dav duly recorded In m
office in Book 126S Folio 218.
Now Orleans. April 4th. 1922.
(Signed) ROBT. SCOTT.
DEPUTY Recorder.
true copy OF tho original
THEO. COTONT0
- Anr o7-June1 Notary Public
CHARTER OF