The herald. [volume] (New Orleans, La.) 1905-1953, 1915-03-25
CHARTER
OF THE SOUTHERN COMMERCIAL IN
FORMATION AND SALES COMPANY, Inc,

United States of America, State of Louisiana,
Parish of Orleans, City of New Orleans.
Be il known that this 18th day of Feb
ruary in the year of our Lord, nineteen hun
dred and fifteen and the independence OF the
United States of America, the one hundred
and fortieth, before me, Pierre ID. Olivier, a
notary public duly commissioned and quail
fed in and for the said city, Parish and
State, therein residing and in the presence
of the witnesses hereinafter named and un-
dersignd, personally came and appeared the
several persons whose names are hereto sub
scribed who severally declared that, avail
ing themselves of the laws of the State OF
Louisiana relative to the organization OF cor.
porations, and particularly OF Act No. 2oI OF
1914. of the General Assembly of the State OF
Louisiana, they do, by these presents, tor
themselves and their associates, successors
and assigns, form themselves into a corpora
ton and body polite in Jaw, for the objects
and purposes and under the articles and sti-
pulations hereinafter setforth.
Article 1.-The name OF this corporation
shall be, the Southern Commercial !nforma-
ton and Sales Company, Inc, and under
that name shall have and enjoy corporate
existence for a period of ninety, nine years
and, shall have and enjoy all rights, privi-
leges and mmunities granted by law to cor
porations and under its corporate name II
shall have power and authority to contract
sue and be sued, to make and use corporate
seal, and the same to change, alter or de-
stroy, at pleasure; to hold; receive, hypo-
thecate, convey, sell, lease, pledge or mort
gage real and personal property; TO borrow
and loan money; to issue negotable bond'
and notes, or other evidences OF debt; &c
have and employ such managers, directors
officers and agents, and other employees, a;
it's interests may require; and TO make and
establish such bylaws, rules and regulations
for the proper management and control OF
the affairs of the said corporation as may be
deemed necessary and proper by the Board OF
Directors; and the same to alter and amend
at pleasure.
shall be in the City of New Orleans, state o.
Louisiana, and all citations and other lega
process shall be served on the President, anC
in his absence, on the secretary-treasurer o.
said corporation.
Article III-The objects and purposes o.
this CORPORATION, and the nature OF the busl
ness TO be carried on by 1t are hereby de
clared to be: To carry on the business o.
agents and brokers; TO buy or sell on conrniS
sion for account of manufacturers, Whole
salers, retailers and OF other persons; 10 ac
as agents for any and all persons having
goods, wares merchandise, or other article:
to sell or wishing to buy same; to carry OF
a general commission, agency ana DrokeIde'
business, and generally to do and perform
each and every other act and thing necessary
and incident TO the carrying on of such bust
Article IV.-The capital stock of this: cor
poration is hereby fixed at the sum OF hV'
thousand dollars (S5,OOO0O) to be representa-
value of FIVE dollars $500 each, and TIVE
thousand FIVE hundred dollars (S2, 10000 o
sid capital stock shall be subscribed to be
fore the corporation shall be going concern
and commence to do business. And this cor
noration shall have the right according to Law
10 increase its said capital stock to httl
thousand dollars (S50O00OO. All shares
stock shall be paid for in cash, property re
ceiyed or labor or service performed, am
must be fully paid before the issuance OF IN
certificates therefor, and shall be non assess
able. provided, that the Board OF Director
shall have the right TO issue SAID STOCK 10
notes. on terms of payment. Said stock snal
he represented by stock certificates, transfer
able only on the books of the corporation, o,
surrender of the outstanding certificate, o
nroof of loss thereof and under such rules
the Board of Directors may provide.
Article V.-The business OF this corporau3'
and the corporate powers OF same snaIi
conducted by and vested IN Board OF DlreC
tors composed Of not less than three nor NOR
than nine stockholders who shall be electe
bv majority of the stockholders on tn
first Monday Of January Of each year.; In IN
event that said day shall fall on dies nor
then said election and meeting shall be hel
IN the next judicial day thereafter. Electro
of directors and meetings OF stockholders sha
be held at the domicile of the corporation atte
at least fifteen days notice in writing sha
have been given to each stakeholder Dy ma
according to law Each share OF stock sha
be entitled to one vote by the owner thereC
or his agent thereto duly authorized aScoie
inc to law. and there shall be no cumulatlV
voting by stockholders. Three members OF IN
Board of Directors shall constitute a quorum
The Board of Directors shall select from II
number a President, Vice-President and