The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-02
CHARTER


sooner dissolved, and shall have all
the rights, privileges and immunltles
which are now or may hereafter be
granted by law to corporations of the
same kind and character. and under
said corporate name il shall have the
power and authority TO contract, sue
and be sued. TO make and use cor
porate seal, the same to break or alter
at pleasure, and to make all necessary
rules and regulations for its cOrpOr-
ate management and control.
ARTICLE 1.-THE domicile Of this
corporation shall he in the city of New
Orleans. Parish of Orleans, State OF
Louisiana, and all citation and other
the President, or, in his absence or
in ability to act then upon any other
officer or agent of the corporation, in
accordance with existing provisions of
law.
ARTICLE III.-The objects and pur-
poses for which this corporation is or
ganiZed and the nature of the business
to he carried on by il are hereby de-
Clared to be: To buy and sell. and
generally to deal in packing house
products of all kinds; to manufacture
food products of every kind from ami
nal substances. and for that purpose
To acquire. by purchase. lease or other
wise, factory sites. buildings, machin-
cry and other appliances, as well as
refrigerator and cold storage plants
business: TO acquire the property, as
sets and good will of the business OF
Louis J. Antiques, and to continue the
operation of the business so established
by him in this city for the manufaC-
ture of sausageS, smoked meats and
other packing-house products, and gem
orally to do and perform all things in
cidental or germane to the objects and
purposes above expressed.
ARTICLE IV.-The capital stock OF
this corporation is hereby fixed at the
sum of twenty-five thousand ($25,O0O)
dollars. divided into two hundred and
fifty (25O) shares. of the par value
of one hundred (s10O) dollars each, all
of which shall be common stock, and
the amount to which the capital stock
the sum of fifty thousand (s50,000)
dollars; the said stock shall be issued
only for cash or in payment of prop
erty or services actually received by
stock shall be fully paid for at the
time of it's issuance and thereafter be
mona sseSSable
Fifty per cent 500. or twelve thou
sand five hundred (sl2.5O0) dollars of
the capital stock shall be subscribed
before the filing of this act of incor-
pOration. and fifty per cent. (5Occ) of
the amount so subscribed shall be ac-
tually paid in before the corporation
engages in business, and the remainder
of the amount so subscribed shall be
paid in within one year from and after
the date hereof; the residue of the
stock shall be issued and paid for sub
Ject to the action and call of the Board
OF Directors, in conformity with the
existing provisions of law relating
thereto.
The parties hereto hereby subscribe
for the number of shares of capital
stock of the said corporation set oppo-
site their respective signatures hereto
so that this act of incorporation shall
also serve as an original subscription.
No present or future stakeholder
shall ever validity sell. assign. or trans
fer. other than by inheritance, any of
the capital stock of this corporation
until the same shall have been first
Offered to the remaining stockholders
for the benefit of those stockholders
through the Board of Directors. for
period of ten days. at the book value
OF such stock as shown by the books
or the corporation on the LIST day of
October preceding the date of such
offer. 1t shall be the duty Of the
Board of Directors promptly. upon re-
ceivinG an offer of sale of any of the
capital stock of this corporation. to
communicate the same to the stock
holders. in writing. through the Secre-
tary OF the Company; and each of the
said stockholders shall be entitled to
purchase such proportion of the stock
so offered for sale as the number of
shares owned by him bears to the
number of shares owned by all other
stockholders desiring to participate in
the purchase. No sale under foreclo-
sure. attachment or other process or
by virtue of any power of attorney,
pledge or hypothecation. shall be val
idly made until the foregoing REQUIRE
ments have been complied with by the
person or persons, firm or corporation
provoking such foreclosure or sale
The Board of Directors shall have au-
thority, however, to waive the above
hypOthecation or pledge of stock by
resolution adopted at a regular called
meeting of the Board. or at a meeting
attended by all the members of the
Board of Directors. such resolution
being adopted in advance of the pledge
of hypothecSion.
ARTICLE V.-All the powers of this
corporation shall be vested in and be
exercised by a Board of not less than
three nor more than five directors, as
determined in advance each year by
the stockholders at the annual meet
ing. The said directors shaal be bona
Tide stockholders and shall each own
at all times one full-paid non-pledged
share of stock The first Board of
Directors shall consist of Louis j. Ar
ugues. whose postoffice address is
1854 Gravier street. New Orleans: John
is 1919 Melpomene street. New Orleans:
Bertrand Antiques. whose postoffice
address is 2S5 Broadway street New
Orleans, with the said Louis J. Ar
tigues as President, John J. Antiques
as Vfce-President and Bertrand Ar
tigues Secretary-Treasurer.
The above-named Board of Directors
and each succeeding Board shall con-
tinue and hold office for one year, or
until their successors are elected and
qualified: the persons to be hereafter
elected directors shall select from their
own number a President, a Vice-Presi-
dent and Secretary-Treasurer. The
Board of Directors may from time to
time as the business of the corpora
ton shall dictate, appoint any two of
the above office in one and the same
person. excepting the office of Presi-
dent and Vice-President.
On the first Tuesday of October of
each year. unless the same should fall
following lay day, the stockholders
shall elect a Board of Directors for
the ensuing year; the Board of Direc-
tors, as well as the officers already
installed. shall continue in office until
their successors are elected and quail
fled. The election of Directors shall
he by ballot and the person receiving
the majority of votes cast shall be de-
clared elected. For electing Directors.
or for any other purpose. each share
OF stock shall be entitled to one vote
whether present or by proxy. but no
fractional share of stock shall be en-
titled to vote. A majority of Direc-
or by proxy. shall be required to pass
any resolution or adopt any bylaw,
and which. when so adopted shall be-
come valid corporate acts. In case of