The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-20
CHARTERS.
M N p SLOAN co. INC.

United States OF America, Slate oA N0S,Si-
ana, Parish of Orleans, City oil Nc"
Be it known, That on this 3rd day OF the
month of December in the year OF our Loro
one thousand nine hundred and seventeen,
and of the Independence OF the Oa'so Stsses
ond: Beofre me, Alfred Charles hammer
notary public, in and for the fsrlsh OF
Orleans, State of louisiana, aforesaid, there,
in residing, duly commissioners sNI,n anu
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 severaily declared tnas
availing themselves of the laws OF the State
OF Louisiana in such cases made ana pro-
yided. and particularly OF the provisions OF
Act No. 267 of the Acts Of the General As
sembly of the State of louisiana ior the
wear 1914, they have covenanted and agreed
and do, by these presents, covenant anI
agree and bind themselves, as wen as sun
persons as may hereafter join or become
associated with them, TO form ana c9hstitute
a corporation and body polite IN iaT' 90
the objects and under the articles ana sup
ulations hereinafter set forth and expressed
which they adopt as the Charter OF this cor
poration, to-wit: -.
Article 1.-The name and style oil TINS
CORPORATION shall be n. p. Sloan 90, ihe.,
and under its SAID corporate nsne ID snc.
have and enjoy corporate existence anu SUI
cession for the full term and Pellou "a
ninetv-nine (99) years from and after the
date hereof; to contract, sue ana DC Sugu'
to make and use corporate sea-, anu 'i .o
same TO alter and break at pleasure; 10
hold. receive, lease, purchase and convey
as we'll as mortgage and hypotheeate prop,
erty, real, personal or mixed, corpoIeal anu
incorporeal; to own and hold STOCKS anu
bonds of other corporations; to name anu
oOno;nt such managers, agents, directors and
oftcers as its business or convenience may
require. and to make and establish, as wei
as alter and amend, from time to time, such
bylaws. rules and regulations Tor the proper
USvsrnn,eut of the affairs of said corPO-
Pation as may be necessary and proper.
Article 1.-THE domicile OF said corpora
tion shall be in the City of New orleans,
State OF Louisiana, but it may esfaDiisa
of6ces and agencies throughout the United
states of America and in foreign countries !;
and all citations Or other legal process snali
be served upon the President OF SAID cor
poration, or in his absence upon any one
of the Vice-Presidents thereof, or IN tne ao 10
sence of said officers. upon the Secretary OF
said corporation.
Article III-The objects and purposes for
which this corporation is organized ana es-
tablished and the nature OF the business 10
be carried on by it are hereby declared W
be: ,;s.;o, and
brokerage business; to act as the agent rae
tor or representative OF corporations, hfhs
and individuals; to buy, sell and otnerWise
dispose of. hold, own, export and import,
and deal in, either as principal or agent 10,
its own account or for account OF others, ana
upon commission or otherwise, stocks ana
bonds cotton, coffee, grams and otner ayr
cultural commodities and their oy-prooucts
10 buy and sell spots and future contracts
in cotton, coffee, grains and other commo-
dities and their by-products, tor its own
account or for account OF others, as prin-
cipal, agent, factor, broker or commission
merchant, on any cotton or other exchanse,
atha accumulation
like character, and generally to have and
exercise all such powers and privileges as
are incidental or relate to the powers herein
conferred.
ooration is hereby fixed at the sum OF Ter
Thousand Dollars (sl0,Oo0.0O), divided into
and represented by One Hundred Shares
QOO of stock of the par value OF One Hun,
bred Dollars $4,000, each. Said stock snaii
be paid for in cash at such time, IN suSn
amounts, and after such notice to the SUD.
scribers as may be fixed by the Board OF
Directors and the same may be issued at
not less than par for labor done or property
actually received by the Gorporauon' ;,a
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 shall
be the sum of Fifty Thousand Dollars ESQ.,
OO00O).
Article V.-All of the corporate powers OF
said corporation shall be vested in and ex,
ercised by a Board of Directors composed
of 1--WE stockholders, a majority of whom at
any time shall constitute quorum. Said
Directors shall be elected annually on the
third Monday in January-in each year at
. 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
fifteen Q5) 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
to one ~ vote for eacn snare OF stock
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, OF
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
a 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
mess of said corporation. The Board shall
have power to hx the compensation and de-
hne the duties of every officer and employee
and all officers and employees shall hold
ONCE 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
affairs OF said corporation. At all meetings
OF the Board of Directors each director shall
IN his place and stead
The Board shall have full power and au.
thority to 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. gen.
orally, to do any and all things reasonable,
convenient and necessary for the proper car.
Tying on OF the business and affairs of said
corporation.
The Board may issue full paid shares o,
stock tor cash or in PAYMENT of lahor done