The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-26
CHARTER.

SIlAIb En-.
be carried on by it, are hereby declared
| to be: To carry on and conduct the bus
| mess of wholesale merchants, dealers in
| poultry, poultry and dairy products, and
! all other products of every kind and
] character whatsoever. including their by
/ products or combinations thereof, and 10
| do any and all business incident thereto
/ or connected Herewith, as well as gen
eral wholesale and jobbing mercantile
| business
| ARTICLE ". The capital stock is
hereby fixed at Fifty Thousand Dollars
| (SoOUOOO), divided into five hundred
| shares Of the par value of One Hundred
/ Dollars (S1OO.OO) each. whereof fifty per
cent shall be subscribed and paid for
| before the filing of these articles of in
corporation. All stock subscribed for
shall be paid for in cash or property
received. Each share of stock shall be
entitled to one vote at all ELECTIONS and
meetings, and entitled to the same rights
and privileges as any. other such share.
No stock shall be issued over and above
the shares subscribed for at the time of
| the signing of this act of Incorporation,
whether IL be out of the balance of the
capital stock herein provided for or out
of any increase of the capital stock with
out first offering il to the stockholders
of record In the proportion of their hold
ings as shown by this act of incorpor-
alton. The amount Of the capital stock
may be increased up to the amount of
One Hundred Thousand Dollars $500
OOO.OO) No stakeholder in this corpor-
alton shall dispose of his holdings. or
any part thereof without first offering
the same to the corporation at its book
value, and the corporation shall have ten
1O) days within which to accept or re-
Ject the said offer.
No stockholder shall ever be held liable
or responsible for the contracts or faults
OF said corporation in any further sum
than the unpaid balance due on the
shares of stock owned by him. nor shall
any mere informality in organization
null. or of exposing any stakeholder to
any liability beyond the amount due on
his stock.
ARTICLE V. All the corporate powers
of this corporation shall be vested in
ana It's business and affairs managed by
a Board of Directors consisting of four
ca members, three 80 of whom shall
constitute quorum for the transaction
or business. Any vacancy or vacancies
IN the Board of Directors shall be filled
by the remaining directors.
The stockholders of this CORPORATION
snail, within ten days from the signing
hereof proceed to the election of n Board
or Directors to consist of four men,
hers, as we'll as the election of a
President, Vice President. Secretary. and
Treasurer. which last two offices NAV
be held by one person. Annually there
after the said corporation shall elect
from among its stockholders, on the sec
ond Monday of January of each year, a
Board of Directors consisting Of four
members as well as a President. Vice
president and Secretary-Treasurer which
last two offices may be held by one per-
son.
The first Board of Directors and Off
GERS TO be elected under this charter shall
hold office until the second Monday in
January, 1923, or until their successors
are elected and qualified.
Failure to elect directors on the day
above specified shall not dissolve the cor.
shall remain in office until their success
sors are elected and qualified.
ARTICLE VI. All notices of stockhoid-
ers or Board of Directors meetings
including the annual meeting herein pro.
vided for, shall be held after twenty four
mailed by the Secretary to each stock
holder at his last known place of resi-.
dence, and at all stockholders meetings
a majority OF the stock represented by
proxy or otherwise shall control.
ARTICLE VII. This charter NAV he
amended, or the corporation may be dis.
solved and liquidated. by a fifty-one (5D
per cent vote Of the capital stock an
pearing on the books of the company,
and in the case of liquidation. the Hoard
OF Directors then in office shall Iiauidate
the corporation.
Thus doae and passed at my office in
the city or New Orleans, on the day
month and year herein first above writ
ten, In the presence of August III. Ritter
ana Miss Amelia Babin. competent wit.
nesses, who hereunto sign their names
with the said appearers and me, Notary.
AFTER reading of the whole, the said an,
bearers likewise subscribing for the num-
Der of shares set opposite their respective
names.
(Names. addresses and number Of shares
of the subscribers.)
Witnesses:
A. H. RITTER
A. BABIN.
J. NJ. QUINTERO,
Notary Public.
1, 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 incorpor-
alton of JOS. SAMUEL CO., INC, was
this day duly recorded in my office In
book 1868, folio
New Orleans. La. Jan. "a 1922
(Signed) ROBT. SCOTT,
Deputy Recorder
J. NJ. QUINTERO.
Notary Public.