The herald. [volume] (New Orleans, La.) 1905-1953, 1917-03-15
CHARTER
OF AMERICAN EXPORT co, INC.


United States Of America, State OF LOUISIANA
Parish Of Orleans, City u New Orleans
Be it known that on this hrSt day OF the
month of February in the year OF our Lord
enc thousand nine hundred and seventeen,
before me, George Janver, notary public,
duly commissioned and qualified in and for
the state and parish aforesaid. therein re-
siding, and in the presence OF the witnesses
hereinafter named and undersigned, person
ally came and appeared: The several per
sons whose names are hereunto subscribed,
who declared that, avaIlIng themselves OF
the laws OF the State Of Louisiana IN such
cases made and provided they have covenant
ed and agreed and do. by these presents,
covenant and agree and bind themselves, as
well all such persons as may hereafter
become associated with them, to form a cor
poration for the objects and purposes and
under the articles and supulatIons following,
tO-wlt:
Article 1.-The name and style OF this cor
poration shall be: American Export Company,
Incorporated and rnder its corporate name
II shall have and enjoy corporate existence
and succession for the full term and period
of ninety nine years from and after the date
hereof; and It shall have power and author
lty to contract, and be sued; 70 make
and use a corporate seal and the same 70
alter and break at pleasure; to hold, receive,
lease, purchase and convey, as well as mort
gage and hypothecate property, real, personal
and mixed, corpOreal and lncOrpOreal; to
borrow money and to lend money on secu-
rIty; 10 buy, own and hold stocks and bonds
o. DtlcT corporations ana 70 vote the same ;
to and appoint such officers, directors,
managers and agents its business, inter
ests and convenience may require and to
make and establish, as we'll as alter and
amend. from time TO time, such bylaws,
| rules and regulations for the proper gov.
eminent of the affairs OF said corporation as
may be necessary and proper, and 10 like
wise do and perform any and all acts neces-
sary to carry on the business of said cor
poration in the judgment OF its board of
directors shall seem proper.
Article 1.-The domicile Of said corpora
ton shall be IN the city Of New Orleans;
other legal process shall be served on the
president of said corporation. or, in his alb
sence, upon the yice-presdent thereof or,
| in the absence of both of said officers, upon
| the secretary Of said corporation.
Article Il1.-The objects and purposes for
which said corporation is organized and eS-
| tablished and the nature OF the business to
| be carried on by 1t, are hereby declared TO
| be:
| TO do general exporting and importing
| business either in its own name and for its
| own account or on commission or as agents
| for others; to act forwarding agents and
to do general commission business; to act
as steamship agents or brokers and gener-
| ally to do and perform any and all acts and
| things necessary or convenient tor the car
| rying on of the objects and purposes above
Article Iv.-The capital stock of said cor
| poration is hereby fixed at the sum of five
thousand dollars (S5,OO000. divided into anC
represented by fifty shares of the par value
of hundred dollars $4,000 each. The
said stock shall be paid for in cash, at such
time, III such amounts and after such notice
to the subscribers as may be fixed by the
board of directors, or the same may be ISSUED
for labor done or property actually received
by the said corporation, but when said stocl
IS SO issued it shall not be issued at lest
than par.
This corporation shall become going con
Germ soon as twenty-five hundred (S2, 500
dollars shall have been subscribed and one
half OF the said amount SO subscribed shall
have been paid for.
Twenty-Five thousand dollars (s2s, 10000 i
hereby fixed at the limit to which the cap
ltal stock Of this corporation may be in
creased on complying with all the provi
sions OF the laws of the State of Louisian;
on the subject
All transfers of shares of the capital stool
Of this corporation shall be entered on th'
stock book of the corporation and no transfer
shall be in any manner binding on this cor
poraton until so entered.
No stockholder shall have the right 4
sell the shares Of stock in this corporation
owned by him until he shall have given tn
remaining stockholders in this corporation il
proportion TO their respective holdings tn
privilege of purchasing his said shares o
stock. at such price as shall be bona fd
offered therefor by any outsider; said otfe
| shall be made in writing and shall be &C
cepted or rejected by the other stakeholder
within thirty days. If any stakeholder shout,
not desire to purchase his proportion of tn
stock so offered, the remaining stockholder
shall in proportion 10 their holdings be re
quired to take over same.
Article N.-Al the corporate powers o
| said corporation shall be vested in and exer
cised 10y a board of directors, composed o
shall constitute quorum. The said direc
tors shall be elected annually on the secont
Thursday in January in each year.
All such elections shall be by ballot an,
~ he Of e.,
supervision of three commissioners to b
appointed by the board of directors.
Notice of said elections shall be gwen b,
the secretary of the company by written no
ace thereof delivered personally or by de
posting the same IN the post office, properl
addressed, to each stakeholder at least ri
teen days preceding such meeting
At all such elections and at all corporat
70 one vote for each share of stock standn
IN his name on the books of the corpora
\ ton, to be cast in person or by write
proxy, and il shall require a majority of tn
stock outstanding to elect.
Any vacancy among the directors by death
resignation or otherwise, shall be filled b
election for the remainder of the term, b
the remaining directors.
A failure to elect directors on the dat
above specified shall not dissolve the COZ
pOratIon nor impair its corporate manage
meut, but the directors then in Office shal
remain in office until their successors sha1
flied.
The board of directors shall elect froI
their number a president and vice pres
dent They shall also elect secretary an
treasurer. or one person who shall be bott
either or both of whom may or may no
be members of the board. They may froT
time to time name and appoint all such off
GERS and agents as may be deemed necessar
Tor the purposes and business of the corpc
ration; they shall have power to nix an
| define the duties of every officer and EN-
ployee and all officers and employees shal
hold ofhce and employment at the pleasur