The herald., 1922-09-14
CHARTER OF W. J. RICHARDS, JR.
CO. INC

Louisiana, Parish of Orleans City of
! New Orleans, Be IL known. that on this
twenty-fourth day of the month OF
| June. in the year of our Lord. one
| thousand, nine hundred and twenty
two, and the independence of the United
states OF America, the one hundred and
forty-sixth. before me. William F. Con-
kerton. notary public, in and for the
| Parish Of Orleans. State of Louisiana.
! duly commissioned. sworn and qualifi-
fled and in the presence of the wit
| nesses hereinafter named and under
| signed: personally came and appeared:
| The several parties whose names are
| hereunto subscribed. who severally de-
| clared: That availing themselves of
| the laws of the State of Louisiana. in
| such cases made and provided they
| have covenanted and agreed. and do.
by these presents covenant and agree
and bind themselves, as well as all
| come associated with them, to form
| corporation. and body polite. in law
! for the objects and purposes and under
the articles and stipulations, following,
| to-wit:
! ARTICLE THE name of this cor
pOration shall be Wv ]. Richards, Jr
! Co, Inc, and under its said corporate
name. II shall have power and authority
| to enjoy corporate existence and sue
| cession for the full term of ninety-nine
years. from and after the date hereof
| to contract, sue and be sued. to make
| and use corporate seal, and to alter
and break the same at pleasure: to ac-
quire by grant, gift or otherwise hold
receive, hypothecate. convey, sell, lease
pledge. mortgage and dispose of pro-
perty real, personal and mixed: to is
sue negotiable bonds and notes or other
evidences of debt to name and appoint
| such managers agents. directors and
| officers. as its business interest and
| convenience may require: to make and
establish. as well as to alter and amend
from time TO time, such bylaws. rules
and regulations for the proper manage
- 81 81. ~, 40.
as the same may be necessary and pro-
per; sai3 corporation shall have further
power to acquire. sell and dispose OF
capital stock in other corporations; and
further enjoy and exercise all the
rights and privileges and grants under
the laws Of this state and more par
t:cularly under Act 267 of the Louis
lana Legislature of 1914.
ARTICLE 1.-THE objects and pur-
poses for which this corporation is or
ganiZed, and the nature of the business
to be carried on by 1t, are hereby de-
To conduct and carry on the business
of wholesale fruit and produce mer-
chants and commission merchants, as
well as any other business incidental
! thereto or connected Herewith.
| ARTICLE III-The capital stock of
this corporation is hereby fixed at the
sum of five thousand ($5,000 O0) dol
lars, TO be represented by fifty (5Ol
shares of the par value of one hundred
such time and in such installments, and
under such conditions as the board of
directors may determine. This corpo-
ration shall be a going concern and
authorized to do business. as soon as
fifty (50cc) per cent. of it's authorized
capital shall be subscribed for and at
least fifty (5OTo) per cent. of all stock
so subscribed for, shall be paid for.
Stock of this corporation shall only be
issued for cash, or for services rem
dered property or other valuable con-
siderations, enuring to this corporation.
according TO the exclusive judgment and
findings of the board of directors there
of.
ARTICLE IV-In the event any
holder or owner of stock, as well as his
widow, estate or heirs, desires to sell
or dispose of the same, such holder
or owner, as well as his widow. estate
or heirs, must first tender such stock
TO the other stockholders, through the
board of directors, for purchase Tor Q
period of thirty days, in writing, at the
price of said stock on the books of the
corporation; and during such period oil
thirty days, the said stockholders shall
have the exclusive right to accept OF
reject the purchase of said stock, as
they may elect: and in the event said
stockholders, through said board shall
| fail TO make said purchase within tht
said period at the price offered, under
the conditions aforesaid. then and II
that event. the stakeholder or stock
holders, his widow. estate or heirs, de-
. |
the same to such other person or per
sons as he may see fit.
ARTICLE V-The domicile of thi:
corporation shall be in the City of New
, Orleans. La, where all meetings of thu
stockholders or directors must be held
! provided. that with the written consent
, of all the directors, valid meetings o.
; the directors may be held outside OF th'
state, or within the state. elsewhere
than at it's domicil Citation shall b,
7 served upon the president, or in his alb
; sence or disability upon the vice-presi
dent; and in the absence or disabilit!
Z of the latter, upon the secretary-treas
urer.
' ARTICLE vI-An the corporate
l powers of this corporation shall b
D vested in and exercised by board o
s directors, composed of three stock
holders, majority of whom shall con
] all business. Said directors shall b
e elected on the fourth Monday of Jun
: of each year, commencing with IN
{ fourth Monday of June. 1928, with tn
s Understanding that the first board o
n directors selected by the stockholders
e and named in this charter. as well a
d the first set of officers, as hereinafte
named. shall hold office until the fourtl
r Monday of June, 1928, or until their sue
e cecessors have been elected and nav
: qualified.
: After the election OF said board o
: directors, by the holders of stock a
herein prONlueu, IHtTt NC citSbN
r by said directors from their own mum
|, ber the officers of the corporation
II which are as follows: list: A president
n End: A vice-president; .3rd: secretar
: and 4th: A treasurer.-which last tw
r offices shall be combined in one person
d The first board of directors. and tn
8 officers of this corporation as selecte
by the stockhs elders. together with thei
n post office addresses are as follows: W
9 J Richards, Jr, president, care Frenc
d Market New Orleans, La; A. Gleries'
, vice-president, 531 st. Ann Street. Me-
s Orleans, La: A. ST. Raymond. secretary
a treasurer 926 North Broad Street, Me-
" Orleans La.
% ARTICLE VII-The annual meetin
u of the stockholders of this corporatio
e for the election of directors shall I
2 held on the fourth Monday of June {
e each year. commencing with the fourt
Monday of June, 1923. The election &c
K. said directors shall be by ballot and IN
l. majority in amount of stock, voun
re whether in person or by proxy. sha
l. elect the person for whom they al
Is cast; each share of stock voted upon.
VI be counted but for one vote. Sa1
<. stock shall not be entitled to cumul;
is tive voting.
te The board Of directors shall give
o. least fifteen days notice by mail or tr
p election of said directors. and snail al
n. point one or more stockholders to pr
I'd side at such elections. Any failul
~ from any cause whatsoever TO elect q
is rectors on the day named Tor that pu
$, pose shall not dissolve this corporate
TO but the directors and officers then
n office shall hold over until their Su