The herald. [volume] (New Orleans, La.) 1905-1953, 1916-03-02

Article IlI.-Ihr purpose ,r purposes for
ua,.r, % 70, hu,.u,~- tD hr carried 1915 bog u
az, arreny declared 10 be.
S,,,.on J. T. carry au business 'u 'hc
| United States rr r.~,N here. 4- factors. agents.
commission merchant, OF merchants. - buy,
sell AND deal 90, t.g t>cli o. t.r others, Al
"h'.,-aig OF r';%'l. ANY ana all cd: "..'>,
products, farm products, gr mineral, and Com
mpditl,s 81 every sort, KIND, 70. description,
and 20 engage IN the iwplIlauou and cNP'rta-
! ton 81 any and all Ji the above goods, wares
| and commodities.
Sec. D., To build. construct. TT. equip, fur.
| uI>I, owu purchase, charter, use, operate. and
| navigate boats baIsr>, and vessels '. all
| classes and descriptions. propelled 5y Nall,
steam, electricity or other power, and O. use
and operate the same Iu all lawful business.
trade, commerce or navigation upon the ocean
OF upIu any seas, V-tUaIlC~, sounds. lakes,
gulfS, harborS. bays, rivers, canals, creeks OF
other waterways II the world M any lawful
undertaking or business. "hcthcr for the
| transportation oi merchandise or passengers, OF
for towing aud HghteraEe.
Sec. B. To locate build, construct. establish,
purchase, acquire, own, lease, rent out. mold,
use, maintain and operate whaIvCs, piers,
slips, warehouses; gram elevators and other
buildings for the storing of freight and any
and all commodities tor hire or otherwise; To
make advances OF loans upon security OF such
freight. goods and commodities or otherwise,
to issue certificates or receipts either nego-
table or non-negoudhle 10 persons storing
| goods WIN the company ana ktiltfa44N 10 10
business as public warchouSeman under the
laws Of the State Of Louisiana, or any other
State, Territory or country IN which II may
operate. and to carry on or undertake any
business TRANSACTION or operation commonly
carried on or undertaken by waTehousemcu,
or any other business which may from time
TO time be conveniently carried on IN Connec-
uon with the above and as an incident there
to.
Sec & To drill and operate for petroleum,
oil, and gas, and produce petroleum oil and
lFaL nd eh.- Is de 4
Opcd, to manufacture OF refine all said prod
uCtS or minerals substances found IN and
upon any lands acquired by the company,
p transport the same 10 market and sell the
same IN crude or manufactured form; 20 buy,
sell, lease, hold and dispose Of such real and
personal estate as may be necessary and CON
vencnt and to construct and erect such pipe
lines, buildings, machinery and appliances as
! may be necessary and convenient IN conduct
ing the business Of said company
, | Sec. ). To purchase, hold, sell, improve and
lease real estate, and mortgage and cucumber
; the same, and TO erect, manage. care Tor and
maintain. extend and alter buildings theron.
Sec. 3. To open and maintain agencies,
T branches or Offices throughout the United
States or IN any foreign country 10 carry out
] any OF the aforesaid objects and purposes
r Article IN.-The authorized capital stock Of
n this corporation is hereby declared 10 be the
sum Of ten thousand dollars CSl0,OOO0O), which
stock is TO be divided into and represented by
one hundred shares (l00D OF the par value of
one hundred dollars $4,000 each, but the
E capital stock of this corporation may be in
creased in the manner provided by law, to
the sum of fifty thousand dollars (S50.O0O.0Ol.
i This corporation shall have the power to
create two more kinds of stock Of such
classes, with such designations, preferences
D and voting powers or restrictions or qualihca-
tons thereof as IT may see ut. Said capital
stock shall be fully paid and worcestershire
when issued, and shall be represented by GER
thcates and shall be personal property. No
transfer OF said capital stock shall be binding
upon this corporation unless made in accord
ance with its charter and bylaws and re-
, corded on the books thereof. As authorized by
section ! (CD Of Act No. B7 Of 1914 this cor
pOration shall have the right 10 commence
' business when 50 per cent go per cent? OF the
S amount of its capital stock IS subscribed and
. ! 80 per cent 80 per cent? of the amount of
stock SUBSCRIBED is actually paid for in
| cash.
Articl V-The business of this corporation
shall be managed and all the corporate pow
ers thereof, except as hereinafter stated, Shall
be vested in and exercised by board of not
less than three nor more than seven directors,
! to be elected from the stockholders and a
majority Of the directors at any time in office,
either present IN person or represented by
proxy, shall constitute quorum, provided
that so long as there are only three directors.
, the full board only, either present iii person
or represented by proxy, shall constitute
e.. quorum.
Article vI:-The first board Of, directors Of
this corporation shall be composed Of three 81
! persons: Alfred Hitler, New Orleans, La;
Herbert s Hitler New Orleans La, and Rob
erto Reyes, with the following officers:
I
vice president, and Roberto Reyes, secretary
treasurer. SAID board Of directors shall serve
until the first meeting OF stockholders for the
election of directors, until their successors
, are elected and qualified, and said board of
( directors shall have the power to increase the
membership Of said board at any time to
number not exceeding eight and shall have
T. the right to elect from the stockholders OF
r this corporation said additional directors
, Article VII.-On the second Monday in Jan
uary 1917, and annually thereafter on the sec
| ord Npriay in I4uuary in zach a
! ing Of the stockholders OF this corporation
l shall be held at its dcmicIle for the purpose
of electiug directors for the ensuing year, and
at such meetings the stockholders shall have
the right Of cumulative voting In the election
Of directors and shall have the right Of elect.
Z ing the number OF directors then in Office. and
! if there be not is many as three directors then
l in office, shall have the right OF eleCtlng ad-
. ditional directors 50 long as the full number
. Of directors elected does not exceed eight. A
failure from any cause whatsoever 70 hold the
. annual meeting Of stockholders, or the failure
, 20 elect directors thereat, shall not dissolve
this corporation, but the directors and officers
then in office shall remain in offce until their
| success ors shall have been respectively duly
, chosen, elected qualified and installed.
, Article VI;I.-Thc board Of directors shall
D.. have the power TO appoint all agents and
managers in this and other states and IN
. foreign countries, and may name an executive
committee with such membership as II may
r determine, which executive committee shall in
r the interim between the meetings Of the board
| Of directors exercise all powers vested in and
!. | exercised by sand board 81 directors.
, / Article IN.-This charter may be amended,
r and the capital stock of this corporation may
be increased or decreased, or this corporation
, may be dissolved IN the method and manner
provided By law.
, / Article N-No s'ockh0ldcr Of this corpora.
r ton shall ever be held liable or responsible
, for the contracts faults Of this corporation
in any further sum than the unpaid balance
| on the stock for which he has subscribed, nor
shall any mere informality in organization
! have the effect If rendering this charter null
/, | or Of exposing a stprkholder % any liability
other than as above provided.
, Thus done and passed, in ny office, at the
, city 1f New Orleans, Louisiana, on the day,
+, | month and year herein first above written, in
. the presence of Z. 4. MIraurc and r. K.
, / Ramos, competent witnesses, who h-Teunto
. ,iy- their names Wi.h said appearcrs and me,
! notary. after due reading If the whole.
/, Slgred: Names rt subscribers omitted.
Witnesses: C. A. M.rauue, Jr, K. K. Rl-
NOS. - .
SIDNEY L. FEIBLEMhN, Notary Public; 4
the undersigned Re-l-der Of NO.
cages in and f.r The parish Of Orleans g.
E II Louisiana, Do hereby certify That ~
and foregoing ac. II incorporate
; aP1r.Arerfran fading C2mpan
: this day duly recorded in my o
H.