The herald., 1922-10-05
CHARTER.

in other corporations. and its capital
stock may be issued for capital stock
of other corporations. II may name
appoint and employ such managers.
directors. officers, agents ana other
employees as its interests, business
and convenience may require, and may
fix their compensation. having due re-
gard to the nature, character and value
of their service. 1t may make ana
establish bylaws, rules and regulations
not inconsistent with this charter on
any existing law. fixing or altering the
management of its property, the regu-
lation and government or IT'S ai1alrS.
and the manner of the certiflcauon OF
registration of its stock. IL may vino
up and dissolve itself or be wound up
and dissolved in the manner prescribed
by law 1t may conduct business In
this state, other states the iedera
districts territories and possessions OF
the United States, and any foreign
country. Ii shall have the power 70
invest it's Board of Directors with all
it's corporate powers; subject TO s ,hin
restrictions as may be named IN inns
charter And it generally shall haV"
and possess all the powers, rights
privileges and immunities which cor
authorized to have and possess under
the Constitution and the laws OF TINS
state, and particularly under ACT 40
267 of the acts of the General Assem-
bly of the state of Louisiana for the
year 1914 and the amendments thereto
ARTICLE II. The domicile of this
corporation shall be the city OF New
Orleans, parish of Orleans. state OF
LouisiaAa, and all citations or other
legal process shall be served upon the
President of this corporation; or. In
case of his absence, upon the vice
President; or. in the absence OF both OF
these officers. upon the secretary OF
/ this corporation.
| ARTICLE III. This corporation shall
/ be authorized to conduct its business
/ in any state, territory or insuIar pos
session of the United States, or IN any
Z foreign country, and the general obJect%
/ and purposes for which the corporation
| is created and the nature of the bust
/ ness to he carried on by IL are hereby
/ declared to be:
/ To buy, sell and deal in, at whole
sale and retail groceries, provisions.
food supplies. wares, vegetables, pro,
1 duce grain, hay, game, coal, wood ana
/ other kinds of fuel. and all other arti-
] cles or things incidental TO such OuS'-
ness, and particularly incidental to the
/ general grocery, vegetable. food supply
/ poultry, fish. game, produce ana pro
vision mercantile business either whole
[ sale or retail.
To purchase. hold. sell. improve and
lease real estate, and to mortgage ana
J cucumber the same: and to erect man
age, care for, maintain and equip build
ingS thereon. to sell the same IN Such
proved. and under such terms and con-
I ditions as to time and manner OF pay
ment as may be agreed upon.
To acquire and undertake to fulfill
property rights. franchises and assets
/ of every kind and the liabilities OF
any nerson. firm. association or corpor-
| alton, and to pay for same IN cash,
stock or bonds of the corporation or
otherwise.
To make and perform contracts OF
any kind or description to carry on us
business, and to do any and all things
| which co-partnership or lndlVlduaI
person could do or exercise, and whlch
are now or hereafter may he author
| lied by law and in general to carry
on anv business which under the law
il NAV be entitled to carry on, whlCh
may seem to the corporation 10 De ca
culated directly or indirectly, 10 ellecl
the aforesaid objects and purposes OF
either of them. or to facilitate the
corporation in the transaction OF any
other lawful business that might u
calculated. directly or indirectly 10 en-,
nance the value of or to render profit
able any of the corporations properly
and rights: and generally to hold am
exercise all such individual powers ahU
privileges, and to do and perform az
things as relate to the objects and pur-
poses hereinabove set forth, or as may
be needful, necessary proper, useiul Oh
convenient for effecting such opJects
and purposes, or either OF thefl'
ARTICLE ". The authorized cap
itaI stock of this corporation is hereby
fixed at and declared to be the sun
Of Fifty Thousand Dollars (s5O.OOO.Oo)
which capital stock may be increase
i'm the manner provided by law, TO th'
sum of one Hundred Thousand Dollar:
Cs1O0 000.0e).
The presently authorized capital stocl
of this corporation shall consist o.
FIVE Hundred (5OSl Sh nisr OF fs she 90 90
each. 1t shall he represented by Ger
tificates. shall be full paid and non
} assessable when issued, shall be ISSUE,
only for labor done or lOr pr1 ~ ~ -
maid at such times and in such amounts
and after such notice as may be deter
mined by the Board of Directors an.
az said capital stock shall be' bindinf
unon this corporation unless made II
accordance with its charter and bylaw
and recorded on the books Thereon.
| ARTICLE V. All the corporate pow
ers of this corporation shall be veste'
in AVID exercised by board or thre'
(3) directors each of whom shall nor,
in his own name at least one ss Gai'
BOARD of Directors shall he elected
annually on the first legal day !,
March of each year, beginning wiz
1929. All such elections shall be b!
ballot AT the office of this corporation
. under the supervision of three commls
sioners to be appointed by the Boar,
, of Directors. and in the absence OF an,
commissioner the President shall nav
, the power to fill the place by appoint
ment OF all such elections. as WEI
as Of all meetings of stockholders, eX
cent for the purpose of liquidation o
dissolution or as otherwise required o,
, law, fifteen (15) days notice shaIi ~
given by mailing to each stocknolue
who appears as such on the books o
this corporation at his last deslgnate'
: address. or care of General Delivery
: New Orleans If he has not Designate
: an address, notice stating the lln
: and place of the meeting. Each snare
4 holder shall be entitled to one W No.
for each share of stock standing u
his name on the books OF TINS corpoI
alton. to be cast in person or by proxy
and a majority of the votes cast shal
elect Failure to elect directors on IN
day above specified shall not dissolV
: this corporation. but the directors the
in office shall remain in office unit
their successors are eletced and qual
flied Due notice of another elecuo
Z shall forthwith he given as apove pro
f yided for. and such notices or elecuo
n shall be continued to be given untii a
= election is had.
e ARTICLE VI. At it's first meetln
o each BOARD of Directors shall cleo
= from it's membership President
: Vice-President a Secretary, ana
, Treasurer. The offices of Secretar
: and Treasurer may be combined by IN
n Roard of Directors and held by on
e nerson. The Board of Directors ma
II from time to time. as II sees 1lt' az
i noint or employ such other persons
J, employees as II shall deem necessar.
u The Board of Directors shall have ~
J, mower and authority to fix the salarle
4 Of all officers and of all such otnt