The herald., 1917-04-05
CHARTER

march IS = % april u l9
OF NEW ORLEANS SHIP CHANDLER
Co. INC.
STATE %; Louisiana, Parish OF Orleans. Cit
d New Orleans
Be u known, tina, on th!, the ninth ia
If The month IF March IN the wear ~ n,
Lord. nineteen hundred and seventeen. an
u The Independence OF the United States ,
America, the one hundred and fortv-.-s
before me, Edward Paul Foley, notar
public, duly commissioned and GuaIifrd
and tor the parish Of Orleans, State Of Loui
lana, therein residing, and in the presence ,
signed.
Personally came and appeared: the De
sons hereinafter subscribed who declare
ina; awaiting themselves Of the provision
Ioi the AVS Of Louisiana, relative to III
formation OF corporatlons, and PARTICULAR
,enlbly OF 1914, approved July oh, 1914 the
DO by these presents, Tor themselves, and Il
others, who may hereafter become associate
with them, form a body corporate and Dol
me under the following Stipulatons an
| Article 1.-The name Of this corporatio,
| snail be the New Orleans Ship Chandler
! o., Inc and its period Of duration shall
! Be nnety-nlne t9g) years from and after th
| date, and II shall have for the purposes q
| the business TO be carried on by it, all tn,
powers conferred by law, upon corporation
and shall generally exercise all the power.
proper or necessary, for carrying out tht
| business Of said corporation
Article 1.-THE domicile Of this corpo-a
| Ion snail be IN the city Of New Orleans
State OF Louisiana. and all citations. or othe-
Iega! process shall be served on the presi
dent, and III case Of his absence or inability
10 act, upon the vice-p president or the secre.
tary treasurer of this corporation
Sruc!e llI.-Ihe objects and purposes for
~nicn ms corporation Is organized, and the
nature OF the business TO be carried on by
II are hereby declared to be the following:
Inc supplying OF ships, steamboats,, and
an other vessels, with groceries, wine,
liquors, oils, rope, and etc. etc, in whole.
sac or retail quantities, and generally to
do and perform, any and all things, Incl
dental to, or appertaining to the Ship Chand-
lery business.
Article IV.-The amount of the capital
STOCK OF TINS corporation is hereby declared
10 be hive thousand (S5W0OO) dollars. divided
INTO hfty SOD shares Of the par value of one
hundred (SlUm dollars per share. ffty
l3OG3) per cent OF the said capital stock
shaII be subscribed and paid for before the
Ming OF these articles Of Incorporation.
Inc 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
he paid for in full. either in cash, labor done
Tor the benefit of this corporation, or property
actually brought into this corporation.
ne amount to which the capital stock of
inns corporation may be increased is fixed
dollars. ''oo'oO''oo'
No transfer OF stock shall be binding mo,
this corporation unless made upon the books
OF the corporation, and no sale or other dis.
posal of stock, in this corporation. shall n.
valid. unless first offered to the remaining
stockholders Of this corporation for thirty
lJO1 days, at a price not in excess OF The
DOCK value OF the said stock on the date Of
SAID offer, after which if said offer is NOT
accepted by any stockhoder of this coTnors.
thereof at will N "'e'
All stock acquired in this corporation shall
ne subject to this provision of the charter.
article n.-All the powers of this corpo.
ration shall be vested in and the business
and affairs Of the said corporation shall he
managed by board of three () directors,
" VINO D, sha. De elected annually. at a meeting
OF the stockholders, called for that purpose
70 De held on the first Monday of March. OF
each year, the first board of directors shall
serve for the first year, or until their sue
ceSsGss are elected and qualified, and shall
n John ,; Sareussen, New Orleans. La; John
bonura, New Orleans, La, Finn Silchenstedt
New Orleans, La, and Of the above named
BOARD OF directors. John S. Sareussen shall
Flnn Silchenstedt shall be secretary-treas.
All elections shall be by ballot. At the of.
ice OF inns corporation, IN this city, under
commissioners IN
'e appointed by the board of directors.
Notice OF such annual elections shall he
,Een Oy Inc secretary-treasurer, in writing
leiyered to each stakeholder. in person, |
y mailed TO his last known address as
hown by the books of this Corporation n,
ions. Ni' eieS
Al all such elections. and at all meetings
me stockholders of this corporation each
tockholder shall be entitled TO one m 80
VI edCh snare OF stock, Standing in his name
n the books OF this corporation at the date
such election or meeting, said votes NAV
r,.;o-,. III person or by written proxy, and
majority OF the votes thus cast shall elect
Inc failure to elect directors at the annual |
'eeting shall not dissolve this corno-at;o,
=. .,IipdiI us management in any way the |
,,.i 'oIs men IN ofhce shall remain in Office
n ny 'heir successors are elected and ouali
Each subsequent board shall elect az soo,
possible, from their number a president |
~. PnesIoent ana secretary-treasurer, and
dy grant 10 such officers such power as thew
eem proper. " '"es
All vacancies on the board of dirrctors
laH be hlled by the remaining directors
I,; nlellDer OF the board of directors NAV
ppoint any other directors. his nroyv -
lis board. "iee'i"g OF
All checks. promssory notes. or other obI;.
, ,o,, OF this corporation. to be binding
BON this corporation, must be signed ~, .Ls
eSIdent, or in his absence or inabiI;;, '. .. !
rye, by the vice.president and the sscre1 .
ry-treasurer. '''e seCIe ,
nus corporation shall have IN. rich, 60
axe and use corporate seal. and ,bs 80
amer change and break az its nIs,sTro | c
hoIu; receive, purchase, hypothecate. CON, |
=, sell lease, or pledge, real and personal
GI9eLly' 70 issue negotiable notes, or otber t
lGence OF Indebtedness to purchase any e
sIness or businesses within the object and |
poses OF thlS corporation, and TO nav i
s., enel9I such price as the board of director. a
The board of directors of this corno-,.;,-, p
~ adopt and amend all bylaws, rules and
Sulanons. proper and necessary. for az
,nagement of this corporation a
Article NI.-This act of Incorporation NAV r
modified, changed, altered or amended 5
the said corporation may be dissolved h
N the assent of two-thirds 2-O Of tb. d
pital stock, outstanding at a meeting ~
stockholders. specially convened for tbet Il
Tpose, after. fifteen O5) DAYS notice has \
en- delivered in person or sent by letteT O
der. VI eaeh Stock
n case Of dissolution of this corporation t;
AFFAIRS shall be liquidated by two (2i Il
1,ihissioners, selected from among the stock. {;
GERS al special meeting of the stock. d
uerS, called after Fifteen Qs) DAYS writ. | a.
notice, delivered in person or sent Nv OF
.er 70 the last known address of each re
alo commissioners to be chosen bv al
ority vote of the stock cast, at said meet eC
by the owners thereof "a tbay ..oS.- -,