The herald. [volume] (New Orleans, La.) 1905-1953, 1915-03-11
CHARTER
OF THE SOUTHERN COMMERCIAL IN.
FORMATION AND SALES COMPANY Inc


Parish of Orleans, City of New Orleans.
BE IT 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,
notary public duly commissioned and quail
he'd 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. 267 of
1914, of the General Assembly of the State OF
Louisiana, they do, by these presents, for
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 lnforma-
ton and Sales Company, Inc, and under
that name shall have and enjoy corporate
existence for a period of ninety-nihe years;
and, shall have and enjoy all rights, privi-
porations; and under its corporate name i,
shall have power and authority TO contract
and be sued, TO make and use a corporate
seal, and tire 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 negotiable bonds
and notes, or other evidences OF debt; e
have and employ such managers, directors
officers and agents, and other employees, a
its interests may require and to make anc
establish such bylaws, rules and regulation:
for the proper management and control OF
the affairs of the said corporation as may bt
deemed necessary and proper by the Board o.
Directors; and the same TO alter and amend
at pleasure.
Article 1.-THE domicile of said corporation
shall be in the City of New Orleans, State o.
Louisiana, and all citations and other lega
process shall be served on the President, and
in his absence, on the secretary treasurer O
said corporation.
Article III.-The objects and purposes o
this corporation, and the nature of the bust
ness to be carried on by it are hereby de
clared TO be: To carry on the business o.
agents and brokers; to buy or sell on commis
sion for account OF manufacturers, whole
salers retailers and OF other persons; to &C
as agents for any and all persons having
goods, wares, merchandise, or other articles
to sell or wishing to buy same; to carry OF
a general commission, agency and brokerage
business, and generally to do and perform
each and every other act and thing necessar,
and incident to the carrying on OF such busl
ness.
Article IV.-The capital stock Of this cor
poraton is hereby fixed at the sum OF nv
thousand dollars (S5,0O0.0O to be represented
by one thousand Q0OOl shares of the pa
value of five dollars $500 each, and tw
thousand five hundred dollars S2,S1OO o
said capital stock shall be subscribed to be
fore the corporation shall be going conceri
and commence to do business. And this cor
poration shall have the right according to Law
TO increase its said capital stock 10 mt
thousand dollars (S50.OO0.O). All shares o
stock shall be paid for IN cash, PrOpedi'y II, nc
, must be fully paid before the issuance OF tn
certificates therefor, and shall be non,assess
able; provided, that the Board OF Director
shall have the right to issue sad STOCK 70
notes, on terms of payment. Said stock shal
| be represented by stock certificates, transfer
able only on the books of the corporation, o
surrender of the outstanding certihcate,
proof of loss thereof, and under such rules
| the Board of Directors may provide. -.
! Article N.-The business of this corporatio
and the corporate powers of same shall b
| conducted by and vested in Board OF Dlre'
| tors composed of not less than three nor MOI
| than nine stockholders who shall be electe
by a majority of the stockholders on IN
| FIRST Monday Of January of each year. In IN
\ event that said day shall tall on ares no,
| then sad election and meeting shall be mel
| on the next judicial day thereafter. ELECTRO
/ Of directors and meetings of stockholders sha
| be held at the domicile of the corporation arc
! at least fifteen days notice IN writing shd
| have been given to each stockholder oy ma
| according to law Each share OF stock sna
/ he entitled 10 one vote by the owner theret
| or his agent thereto duly authorized aGcor'
| ing to law, and there shall be no cumuiatl,
| voting by stockholders. Three members OF u
/ Roard of Directors shall constitute quorum
The Board of Directors shall select from i
| number a President, Vice President ana
| ry-Treasurer, at its first meeting att
| its election. Any vacancy occurring amor
| the Board of Directors or officers snail
| filled by the Board of Directors. Until u
| first Monday of january, 1916, the tollowir
/ shall be and constitute the Board OF Direcior
| and shall, at their FIRST meeting TO pc ne
within ten days after Incorporation, ete.t u
1 wit: Carl Sommer Larsen, 3ol! PTytana .
New Orleans, La; Edward A. Nichols,
hndubon Bldg, New Orleans, La; Hem
With, ga N. St. Patrick ST., New Orlean
La: Viggo Knuth, 1881 Pine St, New Oriean
La, and they shall hold office as such un,
the first Monday in January. yio, "a or o un
their successors are ouiy eie@'eu anu NJ"
fed. ii, u.
held liable for any greater amount tnan Z
unpaid balance of his stock subscription, n
shall any informality in the organization
crease his liability. .; -,
Article VII.-This act OF incorporation M
he changed, altered or modified, by vote
two.thirds of all its stock at regular NEE
. inc of the stockholders of said corporati
held according to law. And this corporatl
NAV be dissolved according TO the provlslo
Of section % of Act 267 of 1914, of the Genei
Assembly of the State of Louisiana. VINE
ever this corporation is dissolved its an a.
shall be liquidated by three nquIass.
. elected by the stockholders at the gene
annual meeting of stockholders or at spec
meeting called for that purpose according
law In case Of death or inability 10 act
, the mart of one of said liquidators, or TWO
them the survivor or survivors shall contln
, 10 act and liquidate the affairs OF SAID G.