The herald., 1917-12-13
CHARTER OF
MEXICAN AND CENTRAL AMERICAN
EXCHANGE INC


EXCHANGE, INC.
United States of America, State of Louisi-
ana, Parish of Orleans, City of New Or
leans.
Be 1t Known, That on this 9th day of
the month OF November, in the year eff our
Lord, ore thousand nine hundred and sew
enteen and of the independence of the I'm
ited States OF America, the one hundred and
forty-second,
Before me, John Marshall Quintero, No
tary Public, duly commissioned and quail
he'd, in and for this City and the Parish of
Orleans, therein residing, and in the pres
ence OF the witnesses hereinafter named and
undersigned personally came and appeared
Fiacro r. Betancourt, Miss Laura Betan-
court and NaIno Dorbecka, all of age and
residents of this City, who, seperally de-
clared that, availing themselves of the pro-
visions of the laws of this State relative to
the formation of corporations, they have COW
enanted and agreed, and do, by these pre-
sents, covenant and agree and bind them
selves as we'll such Other persons as may
hereafter. become associated with them, TO
form and constitute corporation and body
polite in law, for the objects and purposes
and under the clauses and stipulation and
articles hereinafter set forth and expressed,
which they hereby adopt as their charter,
to-wit:
Article 1.-The name and style of this cor;
poration shall be Mexican and Central
American Exchange, Inc, and shall continue
for term of ninety-nine years from date
hereof; shall be domiciled in the City of
New Orleans, State of Louisiana. The pres
ident Of the corporation, or, in his absence,
the secretary of the corporation, shall be the
proper officer upon whom citation and all
other legal process shall be served.
Article 1.-THE objects and purposes for
which this corporation is organized and the
nature of the business to be carried on by
it are hereby declared to be the following:
To buy and sell Mexican and Central Amer
lcan gold and silver in coin or bullion; to
deal in Mexican and Central American pet
roleum lands and other properties similar
thereto, we'll as oil wells and oil prop
erty; to own, operate or deal in shares Of
pany stocks operated in the Republic of Mex
leo; to do a general mail order business of
any and all character that the Board of Di-
recbcrs might deem proper and not prohibit
business with Mexico and Central America,
and generally to do any and all acts and
things necessary or incident to the objects
and purposes for which this corporation is
Article III.-The capital stock of this cor
poration is hereby fixed at the of Five
Thousand Dollars S5,O0oO0, divided into
nifty shares shares Of fsi the par value Of One Hun
may be issued for cash, or in payment of
property received by or service rendered to
the corpoation. No stock shall be disposed
of without first offering the same to the cor
shall have thirty days within which to &C.
cept or decline such offer. All stock trans
fers to be valid must be made on the books
of the corporation. This corporation shall
be a going concern when Five Thousand
Dollars (S5,00.0O of its capital stock shall
have been subscribed and paid for. The
capital stock of this corporation may be in
creased, from time to time, to an amount
0O00O.
Article IV-All the corporate powers of
this corporation shall be vested in board
of directors, to be composed of three stock
holders, a majority of whom shall constitute
quorum, which board Of directors shall
hold office until the first Monday in Janu-
airy of each year or until their successors
shall have been elected and qualified, ex-
cept the first Board of Directors and Off
GERS appointed in this act of Incorporation,
who shall hold office until the first Monday
in January, 1919, or until their successors
of Directors shall consist of Fiacro R: Betan-
court, Miss Laura Betancourt and Narno
Dorbecker, with Fiacro r. Betancourt, as
President; Miss Laura Betaneourt, as Vice
President, and Narno Dorbecker, as Secre-
tary-Treasurer. All meetings of stockhold-
ers shall be subject to a ten days notice
mailed to each stakeholder at his last known
or resignation of one or more of said board
or officers, the remaining members of the
board shall supply the vacancy.
Article V.-The corporation may buy, lease,
mortgage or sell real estate, as occasion
may require, during the course of its objects
and purposes, and all such transactions shall
be effected by the board of directors then
in office.
amended. altered or modified, or the corpor::
ation dissolved by a vote of three-fourths of
the stockholders, voting by shares at meet
ing held for that purpose, after fifteen days
been given as required by law. In the
event of liquidation, either by expiration
of this charter or otherwise, its affairs shall
be liquidated by the board of directors then
81 ft,l1 70
sell all the assets and property, real and
personal of this corporation, TO convey full
and complete title thereto, and to perform
all acts essential to full and complete IL
quidation of the affairs of the corporation,
and to divide the proceeds, IT any, in &C
cordance with law.
Article VII.-No stakeholder shall ever be
held liable or. responsible for the contracts
or faults of the corporation in any further
sum than the unpaid balance due the cor.
poration on the shares of stock subscribed
by him; nor shall any mere informality IN
organization, or failure to elect directors ana
of rendering this charter null. or of expos.
ing q stakeholder to any liability. beyond
the unpaid balance due on his stock.
City Of New Orleans, on the day, month and
year herein first above written, in the pres
ence of Messieurs. August II. Ritter and Al
bert Ritter, competent witnesses, who mere
unto sign their names WITH the .s saa ~ tbe
whole. And the appearers have set oppos::
lite their names and addresses the number of
shares subscribed. by them: .ox
Godchaux Bldg, N. O., La, shares; Laura
Betancourt, sos Godchaux Bldg, N. O., La.
40 shares; N. Dorbecker, shares.
Witnesses: A. H. Ritter, Albert Ritter.
J. M. QUINTERO, Not. Pub.
(SeaD
/, the undersigned, Recorder of Mortgages,
in and for the Parish of Orleans, do hereby
cestify that the above and foregoing Act OF
American Exchange, Inc, was this day duly
recorded in my office in Book 1912, Folio
New Orleans, La, November 18th, 1917.
(Signed) EMILE ]. LEONARD, d. X.
M. QUINTERo. Not. Pub.
Nov. .2o-Dec. 6-Jan. 3.
AMENDMENT TO THE CHARTER
OF THE flicker MANUFACTURING co.
INC