The herald., 1913-10-23
HI HER

Of said corporation may require or demand
to make and establish such bylaws, rules
and regulations for the corporate manage
ment and control of the business ana al,
fairs OF said corporation as may be deemed
necessary or e1pedient.
Article 1.-THE domicile OF said corpor'
alton shall be in the city Of New Orleans,
state OF Louisiana, and all citations ana
other legal process shall be served on the
president and in his absence on the wee
president of said corporation. In the al
Sencc OF both of said officers, then said pro.
cess shall be served on the secretary oil
said corporation.
Article iii objects and purposes
for which this corporation Is organized ana
the nature OF the business 10 be carried on
by ii are hereby declared to be TO buy,
sell, import, export and deal in, at whole
sale or retail, as principal, agent or broker,
feed. bonds. Junk, sacks, bags, Irvine and
jute Of every kind and description, ana gen
craIIy 20 do and engage in any other Dusl,
ness, undertaking or enterprise Connected
with, growing out of, incidental or ger
name to any Of the objects and purposes
hcrciuaboye set forth or contemplated by
this charter.
| corporation Is hereby fixed at the sum of
twenty-five thousand (S2j,UOOD dollars, di-
vided into two thousand, five hundred
t2.5JOl shares of the par value or ten
$50 dollars each, which shall he paid for
in cash. or may be issued at not less than
par for services rendered 10 or property &C
tually purchased by SAID corporation.
All shares OF stock shall be full paid and
worcestershire. No transfer Of stock shall
be- binding upon the corporation unless made
upon its books.
Article Y.-An the corporate powers Of
this company shall be vested in and the
management and control OF its business and
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 i'm 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,,
tons as may be determined by the board
OF directors, but, after at least ten days
notice of such election shall have been given
10 each stakeholder by mall sent TO his last
known. address, or by publication In one OF
Inc daily newspapers publishd I'm the
English language in the city of New
Orleans for at least ten days preceding
such election. The directors thus elect
ed shall hold office for one year or un
I'll their successors shall have been duly
elected and qualified. No failure 20 elect
shall be regarded as a forfeiture OF this
charter. Any vacancy occurring on SAID
board Of directors shall be hlled by the
remaining directors for the uuerpired term.
Said board Of directors shall AT its first
meeting elect from among its number, a
PRESIDENT. Il NAttpA'~lNtut Il NtilfAAlN aAA
a treasurer. said board OF directors may
also elect a general manager. II 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 dL
rectO.S shall have the right TO appoint and
dismiss such clerks, managers and other
employees Of the corporation, including the
secretary who Is not a stakeholder or di-
rector. aS conditions may justify or the
business of the corporation may require.
The tenure of Office OF all the employees of
this corporation shall be during the pleas
urc Of the board OF directors.
Article Vino stakeholder shall ever
be neld liable or responsible for the con
tracts, faults or debts Of this corporation,
nor shall any mere ~infOrmality in its or
gan!z9tiOn have the effect Of rendering this
charter null or OF exposing a stakeholder
10 any liability beyond the unpaid balance
due On the shares of stock owned by him.
Article It'll act of Incorporation
may be- changed, modified or altered, or this
corporation may he dissolved with the as
sent Of the stockholders owning a majority
of al the stock OF the corporation at a !
gcenrGl meeting convened for that purpose
after notice shall have been given TO each
StUckAOlder in the manner and form pre-
sCribed in Article V of thts act of incor-
DOratiOn. 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 10
liquidate. Said llquidatOrS or commission
crs snail have full power and authority 10
settle the business and affairs Of said cor
p0ratIon. In case Of the death or disability
OF any Of Said commissioners or liquidatOrs.
the survivor or survivors shall appoint a
successor or successors to him or them.
Article NIlI.-Until the election &c be
held in January, 1915, the following named
stockholders shall constitute the first board
of directors. viz Edward Il. Walker. Dan
lei W. Feitel. James l.. Lemarie. Edward T.
Dunn and Jules GervaiS. with the said Ed
ward B.. Walker as president, Daniel W. Fei-I
FOL A. Nirp- pPpSi1guT and lanes l. TAmqriaI /
rs Sacretary-treaSurer.
Thus done and passed at my Office in the
city of New Orleans, on the day, month and
year. herein first above written, in the pres
ance Of Theodore \. Beck and John p. Ca
yale. both Of this city, competent witnesses,
who have hereunto signed their names with
ne SAID appearers and me, notary, after
Tue reading of the whole.
original signed J. W. Dele, 8 shares, {
per +. b. Walker; sill. j. Turner, 9 shares, {
Der +. B. Walker Jno Goothye, = shares. {
:. y. Walker; Geo. L. Maury, ) shares, per !
E. Il. Walker 4. SchOendOrf. 10 shares, per {
:. b. Walker: Fred. Schaefer, ) shares, per ]
B. Walker; c Schaefer, . shares, per {
Il. Walker F.. T. Dunn, 20 shares JAS. I
.Lemarie, 80 shares; +. b. Walker. 80 9
hareS \. r.. Walker, 10 shares, per T.. i. q
Jules GeryaiS, % shares, per F.. b. a
r. W. Riordan, 3 shares 4. j. a
er f. b. Walker Jno. b. Bachino. II a
hareS, per +; b: Walker; A.. Barry, l q
mare, per l.. IL. Walker: X. +. Walker. 1OI a.
hares, per f. B. Walker; Dan W. Feitel. Y
0 shares. per f. B.. Walker; Katherine r. I
Walker, > shares, per T.. b. Walker: VIM. "
). Breen, . shares, per +. II. Walker Jake Il
Iofnan, Jr.; . shares, per E. b. Walker. y
=. \. Beck, Jno. L. CaZale. d
ROBERT LEGIER, Not. Pub. =,
|, the undersigned recorder of mortgages =
and FOR the parish of Orleans. state OF -
O%uisiana. do hereby certify that the above a.
nd foregoing act of Incorporation OF the :,
Mercantile Company, Limited, was -
lis day duly recorded in my office, in book a,
40, folio = ;,
New Orleans. La. October :, 1913. ="
EMILE J. LEONARD, Deputy Recorder. ~,
\ true copy. ~
ROBERT LEGIER, Not. Pub. Ia,
t q 16 % 30 nov 6 13 III