The herald., 1913-05-22
CHARTER OF STERNS AUCTION EN-
CHANGE.
STATE OF LOUISIANA, PARISH OF OR.
LEANS. CITY OF NEW nDTEANS

BE 1t known, that on this 10Th day OF the
month Of May. 1913, before me- Scott r.
Beer, notary public in and for the parish
OF Orleans, state Of Louisiana, therein re-
siding, duly sworn, commissioners and nnaIi.
ned, ana In the presence of the witnesses
hereinafter named and undersigned person
ally came and appeared the several parties
whose names are hereunto subscribed as
such, severally declared that ayailing Them
selves OF the laws OF the State of IOuisia ma
In such cases made and provided, they have
contracted and agreed and do, by these
presents, covenant. agree and bind them
selves. as well as all such persons as shall
hereafter become associated with them TO
form corporation for the objects and pur-
poses and under the articles and stipnIa-
lions following, tO-wit -
ARTiCi;E The name Of this corpora
ti0n shall be STERNS AUCTION EN-
CHANGE, by which name the said com
pany snail have and enjoy corporate ex-
istence and succession for the term of ninety
nine years from and after the date heresof
unless sooner dissolved. Its dOmicile shall
be In the City. Of New Orleans, La. II shall
nave power TO sue and be sued, TO con
tract, TO make and use a cOrpOrate seal
ana the same to break or alter at pleasure .
10 mold, receive, lease, purchase sell and
convey con- as well as to mortgage and hypothe-
cate, under Its corporate name prODertv
real. personal or mixed: to borrow and lend
money, and 10 give and receive securities
Iheretor, and to make and appoint such
and directors, and officers and agents
~.
convenience or said corporation NAV ra.
quire' 10 make. and establish such bylaws
rules and regulations for the said corpora'
tbn as may De necessary and proper. and
'he same 10 alter and amend at pleasure
ARTICLE II.-All citations and ntbor
Ssal process snail be served on the Dresi.
dent and in case Of his absence. on the
1PTTES1d ana treasurer OF this corporation.
AhIICLE lll.-The purpose for which
TINS corporation is established and the na.
ture or the business to be carried on nv 4.
are hereby declared to be to sell. at IFS
place or business or elsewhere ar nubIio
auction, through a duly licensed anctipnoar
ana at private SALE through anv of itS of
ncers, agents or employees proDertv Owner
or TO be owned by this corporation or anv
one else, of every kind nature or cboraotnyy
whatsoever. movable, immOyable or miIoa
ana 10 carry on the business of a nrivata
warehouseman and to do all things and
aSis necessary and proper to accomplish The
OBJECTS herein set forth '"'
ARTICLE IV.-The capital STOCK NJ +bis
corporation Is fixed at the sum OF ten thous
ana dollars (S10,00O) to be represented nv
one hundred shares of the par value OF ons
hundred dollars each Stock shall no issun6
only for cash or IFS equivalent and for no,
less than par A'' "o'
This charter shall be in full force and
lnls company shall be a going concern as
soon as three thousand dollars (s2 Ooni a,
its capital stock shall have been snbscrihed
for. "e" 'uO'crioeu
ANY stakeholder OF this corporation NAV
sen or assign or transfer his stock provided
zen GEAR days prior notice in writing OF
same he given by him TO this company. The
company and the shareholders thereof shall
have the first privilege Of purchasing same
aIter which said ten days notice, the holder
Of the said stock may sell the same as he
sees MT, provided no stakeholder has eyer
cised the said privilege herein given him
transfers OF stock shall be made only on
the books OF this company. subject to the
r1Dul1ri0nS hn 0rI 80
prescribe. "'
ARTICLE y.-All the corporate powers
OF the corporation shall be vested in a board
lof directors to be composed of three stock.