The herald., 1917-12-06
CHARTERS.
p SLOAN co. INC.


and of the Independence Of the United States
of America the one hundred and forty-sec-
ond: Beofre me, Alfred Charles MANNER,
a notary public, in and for the Parsh oil
Orleans, State of Louisiana, aforesaid, there,
in residing, duly commissioned, sworn and
qualified. and in the presence of the wit
nesses hereinafter named and undersigned:
Personally came and appeared:
The several persons whose names are mere
unto subscribed, who severally declared that
ayaiiing themselves of the laws OF the state
of Louisiana in such cases MADE ana pro
yided, and particularly of the provisions OF
sembly of the State of louisiana tor tne
wear 1914 they have covenanted and agreed
and do, by these presents, covenant an1
agree and bind themselves, as well as sucn
persons as may hereafter JOIN OF Ue .;t',.e
Associated with them, TO form and constitute
A corporation and body polite IN law, iol
the objects and under the articles ana sup
ulations hereinafter set forth and expressed
which they adopt as the Charter oil TINS COZ
poration, to-wit: -.
A-,;cle 1.-The name and style OF this
cornoration shall be n. P. Sloan Co, lnc
and under its said corporate name II snaIi
have and enjoy corporate existence ana SUI
cession for the full term and period OF
ninety. (99) years from and atter inc
date hereof; to contract, sue and De sueu,
10 make and use a corporate seal, and inc
same to alter and break at pleasure; 10
hold. receive, lease, purchase ana convey
well a mortgage ana nypOtHCNaAO PAOP,
erty, real, personal or mixed, corporeal ahG
inoorporeal; to own and hold stocks ana
bonds of other corporations; TO name any
appoint such managers, agents, directors anu
officers as its business OF convenience may
reouire. and TO make and establish, as well
as alter and amend, from time TO time, such
bylaws, rules and regulations tor the proper
government of the affairs OF said coTPo-
ration as may be necessary and proper.
Article 1.-THE domicile OF said corpora
ton shall be in the City of New orleans,
State OF Louisiana, but It may estaDilsh
Offices and agencies throughout the Oniteu
States of America and in foreign countries
and all citations or other legal process shall
be served upon the President OF said cor
marathon or in his absence upon any one
of the Vice Presidents thereof, or in the ab,
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 to
be carried on by it are hereby declared to
be:
To carry on a general commission and
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 or agent, TOT
its own account or for account OF others, ana
upon commission or otherwise, stocks and
bonds, cotton, coffee, grains and other agri-
cultural commodities and their oy-produets;
to buy and sell spots and future contracts
in cotton, coffee, grains and other coinmo
dities and their by-products, for its own
account or for account of others, as prin-
cipal, agent, factor, broker or commission
merchant, on any cotton or other exchange,
board of trade or other organization OF
like character, and generally to have and
exercise all such powers and privileges as
are incidental or relate to the powers herein
conferred
e hv hxed at
Thousand Dollars (Sl0.000.00), 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
actually received by the corporation.
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 for.
The amount to which the Capital Stock
of this corporation may be increased shall
be the sum of Fifty Thousand Dollars ESQ.,
10000.
Article V.-All of the corporate powers of
said corporation shall be vested in and ex,
ercised by Board of Directors composed
of FIVE stockholders, a majority of whom at
any time shall constitute a quorum. Said
Directors shall be elected annually on the
third Monday in yanuary-in each year at
a 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
yuh IN
of such meetings shall be deposited, at least
fifteen QS 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 ID vote for eaen 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 a majority of
the votes cast shall elect.
ANY vacancy occurring among the diree,
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 ir
Office shall remain in Office until their sue
cessors are elected and qualified.
The Board Of Directors shall elect from it
dent and Second Vice-President. 1t shall
also elect a Secretary and a Treasurer, o
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 appoin
General Manager to conduct the bushes
of the corporation, under such authority a
may be granted by the Board of Director
from time to time, and il may from time I
time name and appoint all such other off
GERS, agents and employees as may b
deemed necessary for the purposes and bus
mess of said corporation. The Board shall
have power to FIX the compensation and de
and all officers and employees shall hol
Office and employment at the pleasure Of sal
Board.
The Board may make and establish, a
well as alter and amend, any and all by
laws, rules and regulations necessary an
proper in its judgment for the conduct, sup
port and management of the business an
affairs OF said corporation. At all meeting
of the Board of Directors each director shall
have the right to appoint proxy TO &C
in his place and stead
The Board shall have full power and au
thority to borrow money, execute mortgage
and create liens; to issue bonds, notes an,
other obligations and to secure the same b,
mortgage, pledge, or otherwise; and, gen
orally, to do any and all things reasonable
convenient and necessary for the proper car
rying on of the business and affairs of sal,
corporation.
The Board may issue full paid shares o
stock for cash or in payment of labor dom
and performed for said corporation or prop
ETY. actually received by said corporation
upon complying with the fomalities require,
BY Law.