The herald., 1913-05-29
CHARTER OF SrERNS AUCTION EN-.
CHANGE
STATE or LOUISIANA PARISH or OR
LLANS. NLTY NE NE,M MNLEaNS

! CHARTER OF S'nERNS AUCTION EN-
CHANGE
ISTATE or LOUISIANA. PARISH or OR
LEANS, CITY OF NEW ORLEANS.
Il" it known. that On this 10th day ~ the
month Of May. 1913 before me S,0ir l.
! Beer notary public in ana for the parish
/ OF Orleans state Of Louisiana. therein rn.
siding, duly sworn. commissioned and guaW-
:lrd. and in the presence OF the witnesses
hereinafter named and undersigned person
any came ana appeared. the several ulrffrS
whose names are hercunto subscribed r.,
such. S"verally declared that ayaillnr thrr-
selves of The laws II the State OF Louisiana
IN such cases made and provided, they have
CONTRACTED ana agreed and do. hy these
presents, covenant. agree and bind thpru
serves. as Wei! as all such persons as shall
hereafter become associated with them. To
form a corporation for the objects aud pur-
poses and under the articles and stipula-
lions following. tO-wit -
ARIIth The name Of this corpora
tlpn shall br SrEENS ATCTIoN EN
CHANGE. by which name the said com
pany shall have and enjoy cOrporgtn ey
iSirnce and succession for the term OF ninety
mr,Ir Years rom and after the date hereof
Hhl"NN sooner dissolved. Its domicile shall
~ IN the city Of New Orleans. La. II shall
~ power 70 sue and he sued. to con
tract 10 make and use a corporots s,,i
anu me same 10 break or alter at pleasure
q" L"id, receive, lease, purchase soil ana
convey, as wei as To mortgage and hvpothe-
rdir' under us corporate name property. |
I'di' personal or mixed to borrow and lanJ
money, and 70 give and receive securities
therefor, and to make and appoint Snch !
alainaS'rT, directors and officers and agents /
dnu employees as the business interests ana
convenience OF said corporation rnoy -
Iulre to make. and establish such bylaws !
.iS ana regulations for the said c0rpora !
tbn sa aH may "a; Re necessary and proper, and
'Ht same 10 alter and amend nj pleasure
tRTICLE II-An citations and Other
ieSaI process shall be served on the nrnsI |
HemI . and IN case or his absence. on the |
secretary and treasurer OF this cornorotion
ARTICLE lIL-The purpose for which
inns corporation Is established ana tho no
ouIe or the business to be carried on bv II |
az HtTtby declared TO be to sell NJ its
pace or business or elsewhere ar nnriio
auction. through n duly licensed auct icncar
q nu AT private SALE through any Of lis Of
H'crS' agents or emplOveeS proDertv o,rno-
or 10 he owned by This corporotior or ~ ~,
one else, or every kind. nature or cbarartar
VIA >oeFer, movable, immovablc or miyeJ |
uiar l." CdIry on the business OF n private
ma.renonScman and to DO all things and
dC.H necessary and proper TO accomnlisb ~ 4
objects herein set forth '''NH t'e
Nh y Ii lE.-The capital stock Of This
cpIPpTaIlon Is liked at the sum OF ten thouS !
ana dollars ,S10.0OOl to be rcrraSontcd H., !
one hundred shares OF the mar yaIue of ono
hundred dollars each. Stock shall he issnnd
Inl! . LOT cash or Its equivalent, and for not
This charter shall be in fuT rorcn ON,
IhlS company shall be going concern as
soon as three thousand dollars (s3 OO0I Of
for. Oe'" subscribed
Any stakeholder Of this corporation ma,
sen or assign or transfer his stock provided
IN Cedr GAYS prior notice In writing az \
Such intention to sell. assign or transfor
same be given by him to this company The
company and the shareholders thereof shall
nave the first privilege Of purchasin same
AFTER which said ten days notice. tho boIder
OF lhe said stock may sell the same as he
sees nt: provided no stockhoIder has oyer
riSeu the SAID privilege herein given him
i rahs1ers or stock shall be made only on
the books OF this company. subject TO tho
regulations as the board OF directors NAV
ARTICLE v.-All the cornorata nouo-.
OF the corporation shall be vested IN a hoard
OF directors to be composed of three stock
holders OF this corporation, any two of
whom shall constitute a quorum for the
transaction OF the business and affairs OF
TINS company. The board OF directors shall
Ne elected annually on the first Monday of
June The first board Of directors shall he
eiected at a meeting Of stockholders TO be
held immediately after the signing and re-
cOrdlng Of this charter. The board OF di-
rectors shall elect from its number presi-
1ent, a vice-president and a secretary and :
treasurer. All directors shall hold Office
until their successors are elected and quail ,
ned, and all elections shall be by ballot at
The office OF this corporation under the SUI
pervison of three commissioners appointed
Dy the said board Of directors Such cleo
lion shall not be held without notice of (
zen days in writing, to each stakeholder, at
his last known address. Each stakeholder
shall be entitled to one vote for each and ,
Every share of stock standing in his name
On the books or the corporation, to be cast ,
N person or by proxy in writing, and ma |
Ority OF votes cast shall elect. The direc- 7
-Ors shall fill any vacancy in their number
~ election by the remaining directors. Each
director must own at least one share OF I
stock. Each director shall have power TO
lppoint In writing a proxy to represent him {
IN the said board of directors, said proxy
powers vested in this corporation are to be
Exercised by the said board OF directors
. ARTICLE VL-Whenever this corpora
Ion shall be dissolved. either by limitation
n otherwise, Its affairs shall be liquidated
~ three commissioners TO be appointed by
he stockholders convened In general meet d
ng, or which said meeting, said stockhold- g.
RS shall be given notice as provided in sec
ion VII of this charter. and a majority in
mount OF the capital stock represented at
he said meeting shall be requisite to elect v
md determine Said commissioners shall 7
emain In Office until the AFFAIRS Of the cor
'oration shall have been fully liquidated c
ARTICLE VII.-This act Of Incorporation ,
nav be modified, changed or altered or the d
aid corporation may be dissolved with the =
ssent OF three-fourths Of the capital stock
epreSented at general meeting OF the [,
tockholders convened for that purpose, and >,
fter notice shall have been given to each L
nd every stakeholder by a written notice TO 7
lin addressed to his last known address &"
nailed TO the said address at least ten days ]
ARTICLE VIII-NO stakeholder shall T
yer be held liable for the contracts or -
aults or this corporation In any further
um than the unpaid balance due the cOrpo- I
alton on the shares OF stock owned BY him.
or shall any mere infOrmality in OrganiZa- U
Ion have the effect of rendering this char :.
er null or OF exposing any stakeholder 10 !:
nv further liability than the unpaid
mount due on his stock subscription.
The list OF subscribers annexed hereto |
hall serve as the original subscription list. !;
Thus done and passed in this city, in my :
flee. on the day and date aforesaid, in the :
resence OF Messrs r. VI. Robert and f. | .
blanchard, competent witnesses who have !!
ereunto signed their names with me, said !!
otary, and the said appearers, after a due !.
eading OF the whole !
(Signed) JAG. ii. Stern. and Others !.
Witnesses) f. Blanchard, r. VI. Robert !.
(SeaD SCOTT f. BEER Not PUb | !
l. the undersigned recorder OF mortgages :.
4 and for the parish OF Orleans state OF !:
ouislana. do hereby certify that the above !:
nd foregoing act Of Incorporation Of Storms ::
uction Exchange was this day duly record ::
4 In my office In book 1883. folio 40. ::
New Orleans La, Nav 16 1919 !.