The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-27
CHARTERS.
LIAM AND CENTRAL AMERICAN
rBAl EXCHANGE, INC.


GATES of America, State of Douisi-
uafe' parish of Orleans, City of New Or
ls,nfi. Known, That on this 9th day of
be 18th of November, in the year Of our
ne nV nne thousand, nine hundred and sew
lcfo, and of the Independence OF the I'm.
enfses ,ates Of America, the one hundred and
bty;see0mmue, John Marshall Quintero, a No
Beiopr.,blic' duly commissioned and quail.
t1 :: and for this City and the Parish OF
BED therein residing. and in the pres
0nesnf the witnesses hereinafter named and
personally 1 M.. and ar, aPsBe s,sS
fae,' and Narno Dorbecka, all of age and
c'pni of this City, who, seperally de-
fesisS that, avaling themselves OF the pro-
elns. Of the laws of this State relative to
vis'onNs,ration Of corporations, they have COW
the ioI and agreed, and do, by these pre-
ena .n covenant and agree and bind them
sehn, ss well as such other persons as may
sen's.;,sr become associated with them, to
ss1n and constitute corporation and BODY
foini: IN law, for the objects and purposes
Pol,Hs .-der the clauses and stipulation and
sna =. hereinafter set forth and expressed,
aI t;sS they hereby adopt as their charter,
,o-Eit;, I'll. nam. and stvIe of this eor.
A i.ion shall be Mexican and Central
gos..;csn Exchange, Inc, and shall continue
Ane tenn OF ninety-nine years from date
toi shall be domiciled in the City OF
Eas Orleans, State OF louisiana, The pres
IT,, Of the corporation, or, in his absence,
io.A. s,eretary of the corporation, shall be the
tae olTicer upon whom citation and all
pSps legal process shall be served.
0'l I-,;ele 1.-THE objects and purposes for
"a +his corporation is organized and the
wns va. ~ the business to be carried on by
ns'm hereby declared TO be the following:
y. INV and sell Mexican and Central Amer
~, Sold and silver in coin or bullion; to
van Mexican and Central American pet
aud
iv.rsto. as we'll as oil wells and oil prop
W. 10 own, operate or deal in shares of
eyt, mining company stocks and oil CON-
SUI stocks operated in the Republic of Mex
ps.' N do a general mail order business of
po' nd ali character that the Board of Di-
~ might deem proper and not prohibit
.SIv law and to do a general commission
s,,;ness wieh Mexico and Central America,
and generally to do any, and all acts a9d
%ogs necessary or incident to the objects
~ narooses for which this corporation is
0TE ,.;cl. III-The capital stock of this cor
,o,ation IS hereby fixed at the sum of Five
ESnr,and Dollars ($5,000.00), divided into
sitv shares of the par value of One Hun
J,td Dollars $4,000 each, and such stock
-.y be issued for cash, or in payment OF
oroperty received by or service rendered to
~ corpoaton. No stock shall be disposed
q without first offering the same to the cor
oor,,ion at its book value. The corporation
All have thirty days within which to &C.
c,ot or decline such offer. All stock trans
i,rs 70 be valid must be made on the books
- the corporation. This corporation shall
H. going concern when Five Thousand
Douars ($5 OOO.O0 of its capital stock shall
hsve been subscribed and paid for. The
esoitsl stock of this corporation may be in
creased, from time to time, to an amount
sOt exceeding Fifty Thousand Dollars ESQ.,
Article IV.-All the corporate powers of
Ais corporation shall be vested in a board
a directors, to be composed of three stock
holders, majority of whom shall constitute
|, quorum, which board of directors shall
bold office until the first Monday in Janu-
sry Of each year or until their successors
,hall have been elected and qualified, ex-
cent 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
are elected and qualified. The first Board
Of Directors shall consist of Fiacro r. Betan-
DOrbecker, with Fiacro r. Betancourt, as
President; Miss Laura Betanceurt, as Vice
President and Narno Dorbecker, as Secre-
tsry.Treasurer All meetings of stockhold-
ers shall be subject to a ten days notice
nailed to each stakeholder at his last known
place Of residence. In the event of death
or resignation of one or more of said board
o. officers, the remaining members of the
board shall supply the vacancy.
Article V.--The. corporation may buy, lease,
nay require, during the course of its objects
and purposes, ard all such transactions shall
Be effected by the board of directors then
II office.
issnded, altered or modified, or the corpor.
stnn dissolved by a vote of three-fourths of
The itockholders, voting by shares at meet
ing held for that purpose, after fifteen days
w.vious notice of such meeting shall have
been given as required by law. In the
event of liquidation, either by expiration
this charter or otherwise, its affairs shall
). Stipulated by the board of directors then
IN office, who are vested with full power to
Sn all the assets and property, real and
PERSONAL, of this corporation, to convey full
and complete title thereto, and to perform
Ill acts essential to a full and complete Ii
oxidation of the affairs of the corporation,
and to divide the proceeds, if any, in &C
Article VII.-No stakeholder shall ever be
held liable or responsible for the contracts
Or faults of the corporation in any further
sun than the, unpaid balance due the cor,
poration on the shares of stock subscribed
BY him; nor shall any mere informality in
eganization, or failure 70 elect directors and
aficers at any required time, have the effect
4 rendering. this charter null. or of expos:
ING stakeholder to any liability beyond
he unpaid balance due on his stock.
Thus done and passed, at my office, in the
City Of New Orleans, on the day, month and
year herein first above written, in the pres
enec OF Messleurs. august III. kitter ana Al
bert Ritter, competent witnesses, who here
unto sign their names with the said appear
es and me, Notary, after reading of the
Whole. And the appearers have set oppos-
ie heir names and addresses the number of
ihares subscribed by them.
Original Signed: F. r. Betancourt, sos
sodchaux Bldg. N. o., La, 5 shares; Laura
Beancourt, 6O6 Godchaux Bldg, N. o., La.
shares; N. Dorbecker, 5 shares.
Witnesses: A. II. Ritter, Albert Ritter.
]. M. QUINTERO, Not. Pub.
! the undersigned, Recorder of Mortgages,
IA and for the Parish of Orleans, do hereby
sts.ify that the above and foregoing Act of
incorporation of the Mexican and Central
american Exchange, Inc, was this day duly
Ssorded in my office in Book 1912, Folio
New Orleans, La, November 18th, 1917.
.tSIsnedl EMILE J. LEONARD, D. r.
): M. oUINTERo, Not. Pub.
Nov. D-Dec. 6-Jan. 3.