The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-18
CHARTER.

CHARTER.
ARTICLE IV-The capital stock OF this
corporation II fixed AT the sum OF twenty
Thousand dollars, (S2O. OOUUuD divided into
two hundred shares of the par value Of
one hundred dollars (SlOOOOJ each. All
shares of stock shall be full paid and non
aSsyS>ablc. No transfer of stock shall be
binding upon fine corporation unless made
upon its books. and all certificates Of
stock shall be signed by such officers rs
may be designated 10y the board of direc-
tors. This corporation shall have the
right TO increase its capital stock To tho
further sum Of (SlOO,OOOD. one hundred
thousand dollars. to be divided into shares
81 on" hundred dollars each, tNlOO.UUl. pro-
Nldcd such Increase in the capital stock
shall have been authorized by three
iourth> of the stockholders. at meeting
held Tor that purpose after being duly
notified IN writing. No stock shall be
sold by any StOckhuld,r until the same
shall b" offered for sale to the corpora
ton which shall have the right TO pur-
chaS" III" sam" and no transfer shall be
mad" upon the books of the corporation
until the stock has been 50 offered and
declined. In the event of an increase Of
the capital stock. the additional shares
shall be first offered 10 the stockholders
DESTROYS 10 subscribe 10 such increase
ARTICLE N-AH the corporate powers
Of this corporation shall be vested in and
the management and control of its affairs
shall Ice exercised by board of directors
composed of four stockholders. 4 major
UN of the directors shall constitute 20 quo
rum for the transaction of all business.
The directors shall D., elected annually 10y
ballot. on the second Thursday i'm Jauu-
AIRY of each year. Each stakeholder shall
b" entitled in person or 10y proxy. TO Il
vote for every share owned by him. and
all elections shall be held under such
rules and regulations a> may be deter
mined by the board of directors. after
iiftcrn days motto" by mail Of such cleo
tiun shall have been sent To- each stock
holder at his last known address. Tho
directors thus elected shall continue in
Otilc" for one year, or until their success
SorS shall have been duly elected and
qualified. No failure, 10 elect shall be re-
EHrd"d a a forfeiture of this charter
Any vacancy occurring on said board shall
be filled by the remaining directors for
the un"Npired term. the said board shall
likewise elect the additional members in
ease they should determine to increa 50
the number Of said board. The said
board Of directors shall. ut its first meet
ing after its election. nominate ont Of its
number. a president. vice-pr"sident. a
secretary and treasurer. said board
shall have the right 10 consolidate any
two Of said Officers into one. or Segre-
gate said Officers. as also their right TO
appoint and dismiss such clerks. man
ayers and other employees of the cor
pOratiOn rs conditions may Justify or the
business Of the corporation may require
The tenure Of office of all the employees
Of the corporation shall he during the
plea sure Of the board Of directors
ARTICLE VINO stakeholder shall
ever he 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 VII-ThiS act Of incorpora-
tiOn may he changed modified or altered
EArnnTFfinn IiEGRlNah
with the assent of the stockholders owning
two thirds Of all the stock Of the corpora
tion. at meeting convened for that pur-
pose. after mt least fifteen days written
notice Of this meeting has been given
through mail addressed to each stock
holder. mt his last known address In
cas-" of the dissolution by the expiration
If 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. 1922 Decatur street. New
Orleans La fifty shares SI.OOO.OO: Gae-
tano UddO. 1922 Decatur street. New Or
leans. La. fifty shares S5.000O0: Angelo
Gl0rioSO. 53l st. Ann street. New Orleans.
La. seventy shares. 100000; Joseph Can
Selosi. 1924 Decatur street. New Orleans.
Z
500 COO 90.
ARTICLE IN-Until the election to be
held on the second Thursday in jan
| nary. 1923. the following shall constitute
| the first board of directors, viz: Giuseppe
lido. GaetanO Uddo. Angelo GlOrioSO. and
Joseph Cangelosi. of whom Giuseppe
Uddo shall act as president Joseph Can
| CelOsi. vice-pTesident GaetanO UddO. sec
rotary. and Angelo Glorioso, treasurer.
Thus done and passed. in my office at
| the City 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 APP
pearers and me, notary, after due reading
| Of the whole.
(OriCinal siCned)
| Giuseppe Uddo. 80 shares. S5.OO0OO
GaetanO Uddo. 80 shares. S5OO0.0O; Angelo
! GlorioSo. 30 shares. 100000: Jos. Can
| GelOSi 20 shares, S3.O00.00; Rosario Ras-
| panti Marion VI. Kuhn.
THEO COTONIO
Notary Public.
T. the undersigned Recorder Of Mort
/ cages. in and for the parish of Orleans,
| state of Louisiana. do hereby certify that
/ the above and foregoing Act of Incor-
| noration. of the New Central Canning Co,
| Inc. was this dav duly recorded in my
office in Book 1868. Folio 216.
! New Orleans. April 4th. 1922.
| (Signed) POBT. SCOTT.
| DEPUTY Recorder.
! true copy of the ORIGINAL
THEO COTONT0.
| Apr 2T-Iune I Notary Public.