The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-11
CHARTER.

ARTICLE IV-The capital stock of this
corporation is fixed at the sum of twenty
thousand dollars, ($2O0OOOO) divided into
two hundred shares of the par value of
one hundred dollars (SlOO.OOD each. All
shares of stock shall De full paid and non
aSstssable. No transfer of stock shall be
binding upon the corporation unless made
upon ITS books. and all certificates OF
stock shall be signed by such officers as
may be designated by the board of direc-
tors. This corporation shall have the
rlGht 10 increase its capital stock to the
further sum of (SlOO,OOOD. one hundred
thousand dollars, to be divided into shares
of one hundred dollars each, ($lOOU0. pro-
vided such increase in the capital stock
shall have been authorized by three
f0urthS 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
ton which shall have the right to pur-
chase the same and no transfer shall Ice
made upon the books of the corporation
until the stock has been 50 offered and
declined. In III" event of an increase of
the capital stock. the additional shares
shall be first offered to the stockholders
deslrouS to subscribe to such increase.
ARTICLE N-All the corporate powers
OF TINS corporation shall be vested in and
the management and control of its affairs
snail h" exercised by a board Of directors
composed of four stockholders. \ major
llN OF the directors snail constitute quo
rum for the transaction of all business
The directors shall be elected annually hy
ballot. ON the second Thursday in Janu-
airy or each year. Each stakeholder shall
be entitled in person or by PROXY, TO n
vote for every share owned by him. and
all elections shall be held under such
rules and regulations as may be deter
mined by the board of directors: after
fifteen days notice by mail of such cleo
tion 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-
carded as forfeiture of this charter
ANY vacancy occurring on said board shall
be filled by the remaining directors for
me uneNplred term; the said board shall
likewise elect the additional members in
case they should determine to increa Sc
the number of said board. The said
board of directors shall. at its first meet
ing after its election, nominate out Of its
number president, vice president. a
secretary and q treasurer. Said board
shall have the right to consolidate any
two Of said officers into one. or segre-
gate said officers, as also their right 10
appoint and dismiss such clerks man
ayers and other employees of the cor
pOration as conditions may justify or the
business of the corporation may require
! The tenure of office of all the employees
| or the corporation shall he during the
| pleasure Of the board Of directors
ARTICLE VINO stakeholder shall
ever be held liable or responsible for the
contracts. faults or debts of said corpora
/ tiOn nor shall any mere informality in its
organization have the effect of rendering
this charter null, or OF exposing a stock
holder TO any liability beyond the unpaid
balance due on the stock owned by him.
ARTICLE NII-This act Of incOrpOra-
| ton may be changed. modified or altered
or this corporation may be dissolved
with the assent of the stockholders owning
two-thirds of all the stock of the corpora
| ton. at a meeting convened for that pur-
pose. after at least fifteen days written
notice of this meeting has been given
| through mail. addressed to each stock
| holder, at his last known address In
| case of the dissolution by the expiration
| Of this charter or otherwise. the stock
| holders shall elect three liquidators from
among their number. to liquidate and set
tie the business and affairs of the cor
| pOration.
ARTICLE vIII-Twenty thousand dol
lars have been subscribed TO the capital
stock of this corporation, as follows. to-
| wit:
Giuseppe Uddo 1900 Decatur street. New
| Orleans. La. fifty shares, 100000: Gae-
tano Uddo. 1922 Decatur street. New Or
leans. La. fifty shares. s5.OOOOO: Angelo
GlOriosO. 531 st. Ann street. New Orleans
La. seventy shares. 100000; Joseph Can
| gelosi, 1924 Decatur street. New Orleans,
Ia thirty shares, 100000. Total
| ARTICLE IX-Until the election to he
| held on the second Thursday in jan
nary. 1923. the following shall constitute
the first board of directors. viz: Giuseppe
! Tddo. Gaetano Uddo, Angelo Glorioso. and
Joseph Cangelosi. OF whom Giusepps
| Uddo shall act as president. Joseph Can
| gelosi, vice president. Gaetano Uddo. Sec
! rotary. and Angelo GlorioSo, treasurer.
! Thus done and passed. in my office al
! the Civ of New Orleans. on the day and
date first above written. in the presence
! Of Rosario Raspanti and Marion NJ. Kuhn
both Of this city, competent witnesses
who sign these presents with said ap.
pearers and me, notary, after due reading
| Of the whole.
! (Original signed):
Giuseppe Uddo, 50 shares S5.OO000
Caetano Cddo. 80 shares s5OOOON: Angelo
| Glorioso. 20 shares. s7.OOOO0: Jos. Can
panti, Marion NJ. Kuhn.
THEo. COTONTO.
Notary Public.
! I. the undersigned Recorder Of Mort
| cages. in and for the parish OF Orleans
| State ~ Louisiana. do hereby certify that
the above and foregoing Act OF Incor-
| noration. Of the New Central Canning Co.
| I've. was this dav drlv recorded in nv
office in Book 12eS Folio PIG
Now Orleans. April 4th. 1929.
| (Signed) POBT. SCOTT.
! Deputv Recorder.
A true copy of tho o-icinal
THEO COTONTO
| Anr. 27-Jure 7 Notary Public.