The herald. [volume] (New Orleans, La.) 1905-1953, 1915-03-04
CHARTER
OF THE SOUTHERN COMMERCIAL IN
FORMATION AND SALES COMPANY Ine

NHiteu states OF America, State of Louisiana,
farish OF Orleans, City of New Orleans
BE II known that on this 18th dav of Feb
rudry IN the year OF our Lord, nineteen hun
dred and fifteen and the independence of the
United States OF America, the one hundred
and tOrtieth, before me, Pierre d. 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 I'M
derslgnd, personally came and appeared the
several persons whose names are hereto sub
Scrlbed, 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. 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 i'll 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 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-
porations; and under its corporate name it
shall have power and authority to contract,
sue and be sued, to make and use a corporate
seal, and the same to change, alter 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; 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 may be
deemed necessary and proper by the Board of
Directors; and the same to alter and amend
at pleasure.
Article 1.-THE domicile of said corporation
l,al1 hs. So Nm. g. Z
Louisiana, and all citations and other legal
process shall be served on the President, and
in his absence, on the secretary-treaSurer of
said corporation.
Article III.-The objects and purposes of
this corporation, and the nature of the bust
ness 10 be carried on by 1t are hereby de
clared to be: To carry on the business Of
agents and brokers; TO buy or sell on commits
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, or other articles
to sell or wishing to buy same; to carry on
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 bust
ness.
Article IV.-The capital stock of this cor
poration is hereby fixed at the sum of fve
thousand dollars (S5,OOOOO to be represented
by one thousand Q,0O0) shares OF the par
value of FIVE dollars $500 each, and two
thousand five hundred dollars (S2,50O0O) of
said capital stock shall be subscribed to be-
fore the corporation shall be a 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 fifty
thousand dollars (S50,00000). All shares OF
stock shall be paid for in cash, property re,
ceived or labor service performed, and
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 ri ht to issue said stock Tor
notes, on terms of payment. Said stock snail
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 elected
by a majority of the stockholders on the
first Monday of January OF each year. In the
event that said day shall fall on dies non
then said election and meeting shall be held
on the next judicial day thereafter; Election
of directors and meetings of stockholders snail
be held at the domicile of the corporation after
at least fifteen days notice in writing snail
have been given to each stakeholder by mail
according TO law. Each share of stock shall
be entitled to one vote by the owner Thereon
or his agent thereto duly authorized accord
ing TO law, and there shall be no cumulative
voting by stockholders. Three members OF the
Board of Directors shall constitute quorum
The Board of Directors shall select from Its
number President, Vice President and a
Secretary-Treasurer, at its first meeting after
its election. Any vacancy occurring among
the Board of Directors or officers shall be
filled by the Board of Directors. Until the
first Monday of January, 1910, the following
shall be and constitute the Board of Directors
and SHALL at their first meeting to be held
within ten days after Incorporation, elect the
above officers from among their number, to
wit: Carl Sommer Larsen, BOIL Prytania ST
| Audubon Bldg, New Orleans, La; Henry
Wirth, ga n. St. Patrick ST., New Orleans
La; Viggo Knuth, 1881 Pine St, New Orleans
La, and they shall hold Office as such until
| the first Monday in January, 1916 or unit
| their successors are duly elected and quail
fed.
| Article Vino stakeholder shall ever bt
A; held liable for any greater amount than the
unpaid balance of his stock subscription, MOI
| shall any informality in the organization IN
crease his liability.
| Article VII.-This act of incorporation may
| be changed, altered modified, by vote o.
| two-thirds of all its stock at regular meet
| INC of the stockholders of said corporation
| held according to law. And this corporation
NAV be dissolved according to the provisions
| az section % of Act 267 of 1914, of the Genera
Assembly of the State of louisiana. When
| ever this corporation is dissolved, ITS AFFAIRS
| shall be liauidated by three liquidator'
| elected by the stockholders at the genera
annual meeting of stockholders or az specia
meeting called for that purpose according L
| law. In case of death inability to act or
| the part of one of said liquidators, or two o
| them. the survivor or survivors shall continue
| to act and liauidate the affairs OF said cor