The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-27
CHARTERS.
OF N. p. SLOAN CO.. INC.


ana, Parish of Orleans, City of New
Orleans.
Be it known, That on this 3rd day of the
month of December, in the year of our Lore
and of the independence of the United States
of America the one hundred and torty-sec'
ond: Beofre me, Alfred Charles Hammer
notary public, in and for the Parish Of
Orleans, State of Louisiana, aforesaid, there,
in residing, duly commissioned, sworn anc
qualified, and in the presence OF the VIII
nesses hereinafter named and undersigned
Personally came and appeared:
The several persons whose names are mere,
unto subscribed, who severally declared thai
availing themselves of the laws of the State
of Louisiana in such cases made and pro,
vided, and particularly of the provisions OF
Act No. 267 of the Acts of the General As
sembly of the State of Louisiana Tor me
year 1914 they have covenanted and agreed
and do, by these presents, covenant ah9
agree and bind themselves, as well as sucn
persons may hereafter join or oeeone
associated with them, to form and constitute
a corporation and body polite In law, ior
the objects and under the articles and sup
ulations hereinafter set forth and expressed
which they adopt as the Charter OF TINS cor
poration, to-wit;
corporation shall be N. P. Sloan Co., Inc,
and under its said corporate name II snali
have and enjoy corporate existence ana sue
cession for the full term and PERIOD OF
date hereof to contract, sue and De sueo,
TO make and use a corporate seal, and the
same to alter and break at pleasurei 10
hold, receive, lease, purchase and convey
"a we'll as mortgage and hypothecate prop
erty, real, personal or mixed, corporeaI an9
incorporeal; to own and hold stocks ana
bonds of other corporations; TO name anu
appoint such managers, agents, directors anu
officers as its business or convenience may
rrouire. and to make and establish, as well
as alter and amend from time to time, sucn
bylaws, rules and regulations Tor the proper
government of the affairs OF SAID corpo-
ration as may be necessary and proper.
Article 1.-THE domicile of said corpora
ton shall be in the City OF New orleans,
State Cd Louisiana, but It may estSoisI
Offices and agencies throughout tue Oniteu
States of America and IN foreign eouhtI t'.I
and all citations or other legal process shall
be served upon the President OF said cor
poration, or in his absence upon any one
of the Vice Presidents thereof, or IN the az,
sence of said officers, upon the Secretary OF
said corporation.
Article III.-The objects and purposes for
which this corporation is organized and es-
tablished and the nature OF the business 70
be carried on by it are hereby declared 10
be: ~
brokerage business; to act as the agent rae
tor or representative of corporations, hrms
and individuals; TO buy, sell and otherwise
dispose Of hold, own, export and import
and deal IN, either as principal OF aScAts Az
its own account or for account OF others, ana
upon commission or otherwise, stocks ana
bonds, cotton, coffee, grams ana otner ayr
cultural commodities and their oy-prooucts ;
TO buy and sell spots and future contracts
in cotton, coffee, grains and other comino-
dities and their by-products, tor lis own
account or for account of others, as prin-
cipal, agent, factor, broker or commission
merchant, on any cotton or other exchanse,
board of trade or other organization OF a
like character, and generally to have and
exercise all such powers and privileges as
are incidental or relate to the powers herein
conferred.
poration is hereby fixed at the sum OF len
thousand Dollars ($l0OOo0O), divided into
and represented by One Hundred Shares
Goo of stock of the par value of One Hun,
bred Dollars $4,000, each. Said stock shall
be paid for in cash at such time, in such
amounts, and after such notice to the sub,
scribers as may be fixed by the Board OF
Directors and the same may be issued al
not less than par for labor done Or property
This corporation shall become going
concern and be authorized to do business as
soon as the full amount OF Its capital STOCK
shall have been subscribed and paid Tor
The amount to which the Capital Stock
of this corporation may be increased snail
be the sum of Fifty Thousand Dollars $780,
OO00O).
Article Vail of the corporate powers of
ercised by a Board OF Directors composed
of five stockholders, a majority of whom at
any time shall constitute quorum. SAID
Directors shall be elected annually on the
q general stockholders meeting, except the
first Board appointed in this Charter, who
shall hold their Offices until the third Mon
day in January, 1919.
All such elections shall be held by ballot
and conducted at the Office of the corpora
ton, under the supervision of three com.
missioners to be appointed by the Board OF
Directors. Notice Of such meeting and OF
all other stockholders meetings shall be
given in the manner prescribed by law, and
when not so prescribed, then write notice
of such meetings shall be deposited, at least
fifteen Q9 days prior to the date OF such
meeting. in the post Office of the City OF
New Orleans, postage prepaid, properly ad-
dressed to each stakeholder at his last
known residence or place of business.
AT all such elections and at all corporate
meetings every stakeholder shall be entitled
standing in his name on the books of the
corporation, to be cast by him in person
or by his written proxy, and majority OF
the votes cast shall elect
Any vacancy occurring among the direc.
tors by death, resignation or otherwise, shall
be filled by election for the unexpired term
by the remaining directors.
A failure to elect directors on the day
above specified shall not dissolve the cor
poration nor impair its corporate existence
or management, but the directors then in
Office shall remain in Office until their sue
cessors are elected and qualified.
The Board of Directors shall elect from its
own number a President, First Vice-Pres-
dent and Second Vice-President. 1t shall
also elect Secretary and Treasurer, or
one person who shall be both, either Of whom
may or may not be members of the Board
1t shall have power and authority to appoint
General Manager to conduct the business
of the corporation, under such authority as
may be granted by the Board of Directors
from time to time, and it may from time to
time name and appoint all such other Off
GERS, agents and employees as may be
deemed necessary for the purposes and bus.
have power to fix the compensation and de-
hne the duties of every officer and employee
and all officers and employees shall hold
office and employment at the pleasure of said
Board.
The Board may make and establish, as
well as alter and amend, any and all by.
laws, rules and regulations necessary and
proper in its judgment for the conduct, sup
port and management of the business and
OF the Board of Directors each director shall
nave the right to appoint a proxy to act
in his place and stead
The Board shall have full power and au-
tnority 10 borrow money, execute mortgages
and create liens; to issue bonds notes and
other obligations and to secure the same by
mortgage, pledge, or otherwise; and, gem
orally, to do any and all things reasonable,
convenient and necessary for the proper car
rying on of the business and affairs of said
corporation
The Board may issue full paid shares of
stock Tor cash or in payment of labor done
ana performed for said corporation or prop