The herald. [volume] (New Orleans, La.) 1905-1953, 1915-02-25
CHARTER
OF THE SOUTHERN COMMERCIAL IN
FORmAT1ON AND SALES COMPANY, Inc,

FORMATION AND SALES COMPANY, Inc,
United States of America, State of Louisiana,
Parish of Orleans City of New Orleans.
lie II known that on this 18th day Of Feb
ruary IN the year of our Lord, nineteen hun
bred 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
ned 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 hereto sub |
ScrIbed. who severally declared that, avail |
ing themselves OF the laws of the State OF |
Louisiana relative to the organization OF cor |
poratlons, and particularly of Act No. 2o7 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 corpora
ton and body polite in Jaw, for the objects
and purposes and under the articles and St
pulationS hereinafter setforth.
Article The name OF this corporation
shall be. the Southern Commercial Informa-
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 immunities 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 TO change, alter de-
stroy, at pleasure; to hold receive, hypo.
thecate, convey, sell, lease, pledge mort.
gage real and personal property; to borrow
and loan money; TO issue negotiable bonds
and notes, other evidences of debt; to
have and employ such managers, directors,
officers and agents, and other employees, as
its 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.
Article 1.-THE domicie of said corporation
shall be in the City of New Orleans, State of
Louisiana, and all citations and other legal
process shall be served on the President, and
in his absence, the secretary-treaSurer of
said corporation.
Article III.-The objects and purposes OF
this corporation, and the nature OF the bust
ness to be carried on by II are hereby de:
clared TO be: To carry on the business of
agents and brokers; to buy or sell on commls-
sion for account of manufacturers, whole
salers, retailers and of other persons; to act
as agents for any and all persons having
goods, wares. merchandise, other articles
to sell wishing to buy same; to carry on
a general commission, agency and brokerage
business, and generally to do and perform
each and every other act and thing necessary
and incident to the carrying on OF such busi-
ness.
Article IV-The capital stock of this cor
| poration is hereby fixed at the sum OF hve
| thousand dollars (S5,0OOO0) to be represented
| by one thousand Q,00O) shares of the par
! value of FIVE dollars $500 each, and two
| thousand nve hundred dollars N9Z,SOO) Vi
| said capital stock shall be subscribed to be-
| fore the corporation shall be going concern
| and commence to do business. And this cor
| poration shall have the right according to law
| to increase its said capital stock to nifty
| thousand dollars (S50,O0OO. All shares of
| stock shall be paid for in cash, property re,
| ceived or labor or service performed, ana
must be fully paid before the issuance OF the
certificates therefor, and shall be non assess
| able; provided, that the Board OF Directors
| shall have the right to issue said stock for
| notes. on terms of payment. Said stock shall
| be represented by stock certificates, transfer
| able only on the books of the corporation, on
surrender of the outstanding certificate, or
proof of loss thereof and under such rules as
| the Board of Directors may provide.
Article N.-The business OF this corporation
and the corporate powers of same shall be
conducted by and vested in Board OF Direc
| tors composed of not less than three nor more
than nine stockholders who shall be electeo
by a majority of the stockholders on the
| first Monday of January of each year. In Tho
event that said day shall fall on dies non
| then said election and meeting shall be helC
on the next judicial day thereafter Electior
of directors and meetings of stockholders shal
| be held at the domicile OF the corporation atte
at least fifteen days notice IN writing shai
have been given to each stockholder Dy maj
according to law. Each share OF stock shal
be entitled to one vote by the owner thereo
| or his agent thereto duly authorized accord
ing to law and there shall be no cumulative
voting by stockholders. Three members OF tn
.
, | The Board of Directors shall select IRON IT
. | number a President. Vice President and
Secretary Treasurer at its first meeting ate
IT'S election. Any vacancy occurring anon
| the BOARD of Directors or officers shall b.
| filled by the Board of Directors. Until tn
first Monday of January, 1916, the tollowin
| shall be and constitute the Board OF Directors
: and shall, at their first meeting to be mel
: within ten days after Incorporation, elect tn
: | above officers from among their number, 70
! wit: Carl Sommer Larsen, s6li PTytania St
: New Orleans, La; Edward A. Nichols, y
J Audubon Bldg, New Orleans, La; Henr
Wirth. ga ~ St. Patrick St, New Orlean:
La: Viggo Knuth, 1881 Pine ST., New Oriean;
la. and they shall hold office as such unit
: | the first Monday in January, 1910, or unit
= their successors are duly elected and quail
n fed =, - l.
: held liable for any greater amount than IN
unpaid balance of his stock subscription nc
:. shall any informality in the organization II
. crease his liability.
Article VII.-This act of Incorporation ma
3 he changed, altered or modified, by vote
u tu,otbirds of all its stock at a regular mee'
inc of the stockholders of said corporate
!. held according to law. And this corporate
!; NAV be dissolved according to the provisior
|. | of section q of Act 267 of 1914, OF the Gener'
!, Assembly of the State OF LOUISIANA. Nne,
u ever this corporation is dissolved, ITS anai,
shall be Inundated by three liquidatoi
!. | elected nv the stockholders at the gener
- | annual meeting of stockholders or at specl
II meeting called for that purpose according
>. Iaw In case of death inability to act
" the part of one of said liquidators' or TWO
70 ,bem the survivor or survivors snail contlh'
v to act and liquidate the affairs OF sara CO