The herald., 1917-04-12
CHARTER

march IS - % april 5 p 70
CHARTER
| iOF NEW ORLEANS SHIP CHANDLER
II CO. INC.
| N.'c OF Louisiana, Parish Of Orleans, Cit
III p. Nv Orleans.
II BE ~ known, that on thl, the ninth da
ii the month of March, In the year OF OH
| Lord nineteen hundred and seventeen. an
NJ the Independence OF the United States @
| America, the one hundred and iOrty-tlrS
before me, Edward Paul Foley, a notar
b. public, duly commissioned and qualified, i
and iar the parish Of Orleans, State OF Louis
lama, therein residing, and IN the presence q
the witnesses hereinafter named and unde,
signed.
| Personally came and appca-ed the per
| son, hereinafter subscribed, who declare
tina; avaIlIng themselves OF the provision
IL the Jaws OF Louisiana, relative 70 tn
u those Of Act No. 2b7 Of the General As
semb.y OF 1914, approved July 9th, 1914, the,
do 10y these presents, tor themselves. and 70
others, who may hereafter become associate,
with them, form a body corporate and pol
| iuc, under the following >uPu.atIOnS an,
conditions to-wt:
Article The name of this corporation
Co., Inc and its period Of duration shall
! be ninety nine (S9} years from and after thi,
| date, and II shall have for the purposes o
| the business to be carried on by it. all til,
| powers conferred by law, upon corporation.
4 proper or necessary, Tor carrying out the
/ business oi said corporation.
| Article 1.-THE domicle Of this corpora
/ ton shall be in the city OF New Orleans
| State OF Louisiana, and all citations, or other
| legal process shall be served on the preSi.
! dent, and in case Of his absence or inability
| to act, upon the viCe-preSdent or the secre-
| tary treasurer Of this corporation
Article III.-The objects and purposes for
which this corporation Is organized and the
nature OF the business to he carried on by
| It are hereby declared 70 BE the following:
| The supplying Of ships, steamboats,, and
| all other vessels, with groceries, wine,
liquors. OILS, rope, and etc, etc. in whole
sale or retail quantities, and generally to
DO and perform, any and all things, Incl
de1ta! 10, or appertaInng to the Ship Chahd-
| lery business.
Article IV.-The AMOUNT Of the capital
stock Of this corporation Is hereby declared
to be five thousand ($5,OO0OO) dollars, divided
INTO fifty go shares Of the par value OF one
hundred tSlO00O1 dollars per share, fifty
| $500 per cent OF the said capital stock
shall be subscribed and paid for before the
Ming OF these, articles Of Incorporation.
The remainder OF the authorized capital
stock OF this corporation shall be paid for
| IN accordance with the Act No 267 Of the
General Assembly of 1914 All stock shall
be paid for in full, either in cash labor done
| for the benefit Of this corporation, or property
actually brought into this corporation
| he amount TO which the Capital stock of
| TINS corporation may be increased is fixed
at the sum OF twenty thousand ($2O,OOOOO
No transfer of stock shall be binding upon
this corporation unless made upon the books
| OF the corporation, and no sale or other dis
IpoSaI OF stock, in this corporation, shall be
valid. unless first offered to the remaining
stockholders of this corporation, for thirty
SOl days, at price not in excess of the
book value Of the said stock, on the date Of
said offer, after which if said offer is not
| accepted by any stockholder of this corpora
ton, the stock may be sold BY the owner
thereof at will.
All stock acquired in this corporation shall
Article V.-All the powers of this corno.
ration shall be vested in and the business
and AFFAIRS OF the said corporation shall be
managed by board of three 81 directors,
Of the stockholders. called for that purpose
TO he held on the first Monday of March OF
each year, the first board of directors shall
serve tor the FIRST year, or until their sue
cessers are elected and qualified, and shall
consist of the following:
=, John S; Sareussen, New Orleans, La; John
Bonura. New Orleans, La, Finn Silchenstedt
New Orleans, La, and of the above named
ne pres dent, John Bonura. vice president and
urer.
All elections shall be by ballot. at the Of
nee OF this corporation, in this city, under
the supervision OF two (2) missioners to
be appointed by the board of directors.
Notice OF such annual elections shall be
gwen by the secretary-treasurer, in writing.
delivered to each stakeholder. in person.
or mailed to his last known address, as
shown by the books of this corporation, at
least fifteen Q5 days, prior to such elec-
tions.
AT all such elections. and at all meetings
OF the stockholders of this corporation, each
stockhnlder shall be entitled TO one OD vote
lot each share OF stock, standing in his name
on the books OF this corporation, at the date
election
he cast IN person by written proxy, and
majority OF the votes thus cast shall elect
Inc failure to elect directors at the annual
meeting shall not dissolve this corporation
nor impair its management in anv way. the
directors then IN office shall remain in Office
until their successors are elected and Quail.
fed. YUAN
Each subsequent board shall elect as soo,
as possible, from their number a president
wce-president and a secretary-treasurer, and
may grant to such officers such power as thew
deem proper.
All vacancies on the board Of directors
shall be filled by the remaining djrector,
Any member of the board of directors NAV
appoint any other directors, his proxy. n
act IN his place and stead at any meeting of
All checks. promissory notes, or other obi.
cations OF this corporation, to be binding
upon tins corporation, must be signed by the
president, or in his absence or inability 10
serve, by the vice-president and the secre-
tary-treasurer.
This corporation shall have the right n
make and use corporate seal. and the same
TO alter, change and break at its pleasure
to hold: receive, purchase, hypothecate. CON
Vey, sell, lease, or pledge. real and personal
property, to issue negotiable notes, or other
evidence of Indebtedness, to purchase anv
business or businesses within the object and
purposes of this corporation, and to nav
therefor such price as the board of director.
may determine
The board of directors of this CORPORATION
may adopt and amend all bylaws, rules and
regulations, proper and necessary, for the
management of this corporation
Article NI.-This act of Incorporation NAV
be modified, changed, ALLEGED or amended,
or the said corporation may be dissolved
with the assent of two-thirds (2-3) of the
capital stock, outstanding, at a meeting of
the stockholders, specially convened for that
purpose, after fifteen Qs) days notice has
been delivered in person or sent by letter
holder.
In case of dissolution of this corporation.
ITS affairs shall be liquidated by two C2) |
selected from among the stock. |
holders at special meeting of the stock. |
holders, called after Fifteen Qs) DAYS writ.
,en notice, delivered in person or sent by |
etter to the last known address of each |
'tockholder.
Said commissioners g. &. .l...- l.