The herald., 1913-11-13
CHARTER
OF THE STANDARD MERCANTILE CO

| 81
! LTD.
| United States OF America, State of LOuisl
ana City OF New Orleans, Parish of Or
Be it known. that on this seventh day
Of the month Of October, in the year one
/ thousand nine hundred and thirteen, before
| me, Robert Legier, a notary public, duly
! commissioned and qualified in and for the
/ parish OF Orleans. state of Louisiana, afore
! said, therein residing. and in the presence
/ OF the witnesses hereinafter named and IN
dersgned personally came and appeared
The persons whose names are hereunto sub
scribcd. who declared that availing them.
selves OF the provisions of the laws of the
state OF Louisiana, relative to the organ
Zat!On Of corporations, they have covenant
ed and agreed and do, by these presents
tute themselves, as well as such other per.
sons as may hereafter join or become asso-
clated with them, into corporation and
! body polite in law, for the objects and
purposes and under the agreements and
stipJ!atiOns following, tO-wit:
Article 1.-The name and style OF this
corporation shall be the Standard Mercan-
tile company. Limited, and under that name
II shall have and enjoy all the rights, priv
ileges ana advantages granted by law to
corporations II shall exist for a period of
nlnetynine years from the date hereof; 1t
shall! have power and authority to contract,
sue and be sued In Its corporate name; TO
make and use corporate seal and the
same 10 break or alter at pleasure; TO hold,
pOthecate or pledge property. real, person
al or mixed; TO issue bonds, notes and other
obligations: to have and employ such man
ayers directors, officers agents and other
employees as the interest and convenience
OF said corporation may require or demand !:
10 make and establish such bylaws, rules
and regulations for the corporate manage
menJ and control OF the business and af-
fairs of said corporation as may be deemed
necessary or eXpedent.
Article 1.-THE domicie Of said corpor-
alton shall be in the city of New Orleans,
state of Louisiana, and all citations and
president and in his absence on the vice
president of said corporation. In the alb
sence Of both of said officers. then said pro-
cess shall be served on the secretary of
said corporation.
Article III.-The objects and purposes
for which this corporation is organized and
the nature of the business to be carried on
by 1t are hereby declared to be: TO buy,
sell, import, export and deal in, at whole
sale or retail. principal, agent or broker,
feed. bonds, junk, sacks, bags, Irvine and
jute Of every kind and description, and gen.
erally TO do and engage in any other bust
with, growing out OF, incidental or ger
name to any Of the objects and purposes
hereiuabove set forth or contemplated by
this charter.
Article Iv.-The capital stock Of this
corporation is hereby fixed at the sum OF
twenty-five thousand (S25,OOOl dollars, di.
vided into two thousand, five hundred
(2.5J0l shares Of the par value Of ten
(S10y dollars each, which shall be paid for
in cash, or may be issued at not less than
par for services rendered TO or property &C
tually purchased by said corporation.
All shares OF stock shall be full paid and
mona ssessable. No transfer OF stock shall
be binding upon the corporation unless made
upon its books.
Article V.-All the corporate powers OF
this company shall be vested In and the
mi trOl of Il
affairs shall be exercised by a board of
directors composed Of five stockholders, a
majority of whom shall constitute a suo-
rum for the transaction of all business. The
directors shall be elected annually on the
third Monday Of January OF each year, be-
ginning in the year 1915. Each stakeholder
shall! be entitled in person or by written
proxy to one vote for each share of stock
owned by him and standing In his name on
the books of the corporation. All elections
shall be held under such rules and regula
lions as may be determined by the board
of directors, but, after at least ten days
notice of such election shall have been given
to each stakeholder by mail sent to his last
known address, or by publication In one OF
the daily newspapers publishd In the
Orleans for at least ten days preceding
such election. The directors thus elect
ed shall hold office for one year or un
elected and qualified. No failure to elect
shall be regarded as a forfeiture Of this
charter. Any vacancy occurring on said
board Of directors shall be filled by the
directors for the unerpired term.
Said board Of directors shall at its first
meeting elect from among its number, a
president, a vice-president, secretary and
a treasurer. Said board Of directors may
also elect a general manager. 1t may com
bine any two or more of said offices into one
and may even elect a secretary who need
not be a stakeholder. Said board Of di-
rectocs shall have the right to appoint and
employees of the corporation, including the
who is not a stakeholder or d.
rector, as conditions may justify or the
business of the corporation may require. I
The tenure Of office OF all the employees Of
this corporation shall be during the pleas
ure of the board Of directors.
Article Vino stakeholder shall ever
be ned liable or responsible for the con-
tracts, faults or debts Of this corporation.
nor shall any mere informality In its err
gan!zation have the effect of rendering this
charter null or Of exposing stakeholder
TO any liability beyond the unpaid balance
due on the shares of stock owned by him.
Article YII.-This act Of Incorporation
may be changed, modified or altered, or this
may be dissolved with the as
sent Of the stockholders owning majority
Of all the stock of the corporation at
geenral meeting convened for that purpose
after notice shall have been given to each
in the manner and form pre-
scribed in Article Of this act Of incor- |
poration. In case of the dissolution OF
this corporation by the expiration of its
charter or otherwise, the stockholders shall
elect three liquidators from among their
number at the meeting which decides to
iquidste. Said liquidators or commission |
Frs shall have full power and authority to
settle the business and AFFAIRS Of said cor
poration. In case of the death or disability |
of any Of SAID commissioners or llquidators, |
the survivor or survivors shall appoint a
successor or successors to him or them.
Article VIII.-Until the election to be
held In January, 1915, the following named
shall constitute the first board
Of directors, viz: Edward B. Walker, Dan
lei w. Feitel. James L Lemarle, Edward T. |
Dunr and Jules Gervais, with the said Ed |
ward B. Walker as president, Daniel W. Eel |
tel as vice-president and James l. Lemarie |
rs secretary-treasurer.
Thus done and passed at my ONCE IN the
city vf New Orleans, on the day, month and
year, herein first above written, In the pres
.nce Of Theodore A Beck and John p. Ca
sale, both Of this city, competent witnesses, |
who have hereunto signed their names with