The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-29
CHARTER OF
MEXICAN AND CENTRAL AMERICAN
EXCHANGE INC

CHARTER OF
MEXICAN AND CENTRAL AMERICAN
EXCHANGE, INC.
United States of America, State of Douisi-
ana, Parish OF Orleans, City of New Or
Be It Known, That on this 9th day of
the month of November, in the year of our
Lord, one thousand, nine hundred and
enteen and OF the Independence of the I'M
tied States of America, the one hundred and
Before me, John Marshall Quintero, No
tary Public, duly commissioned and quail
ned, in and for this City and the Parish of
Orleans, therein residing, and in the pres
ence of the witnesses hereinafter named and
undersigned personally came and appeared
court and Narno Dorbecka, all of age and
residents of this City, who, seperally de-
clared that, availing themselves of the pro-
visions of laws of this State relative to
the formation of corporations, they have COW
enanted and agreed, and do, by these pre-
sents, covenant and agree and bind them
selves as well as such other persons as may
hereafter become associated with them, TO
form and constitute corporation and body
polite in law, for the objects and purposes
and under the clauses and stipulation and
articles hereinafter set forth and expressed,
which they hereby adopt as their charter,
to-wit
Article 1.-The name and style of this cor
poration shall be Mexican and Central
American Exchange, Inc, and shall continue
q
hereof; shall be domiciled in the City of
New Orleans, State of Louisiana. The pres
dent of the corporation, or, in his absence,
the secretary of the corporation, shall be the
proper officer upon whom citation and all
other legal process shall be served.
Article 1.-THE objects and purposes for
which this corporation is organized and the
nature of the business to be carried on by
it hereby declared to be the following:
To buy and sell Mexican and Central Amer
lean gold and silver in coin or bullion; to
deal in Mexican and Central American pet
roleum lands and other properties similar
thereto, as we'll as oil wells and oil prop
erty; to own, operate or deal in shares Of
stock, mining company stocks and oil COM
pany stocks operated in the Republic of Mex.
leo; to do general mail order business of
any and all character that the Board of Di-
rectors might deem proper and not prohibit
ed by law, and 10 do general commission
business with Mexico and Central America,
and generally to do any and all acts and
and purposes for which this corporation is
organized.
Article III.-The capital stock of this cor
Thousand Dollars Gsy0OO0O, divided into
fifty shares of the par value of One Hun
bred Dollars $4,000 each, and such stock
may be issued for cash, or in payment OF
the corpoation. No stock shall be disposed
of without first offering the same to the cor
poration at its book value. The corporation
shall have thirty days within which to ae-
cept or decline such offer. All stock trans
fers to be valid must be made on the books
of the corporation. This corporation shall
be going concern when Five Thousand
have been subscribed and paid for. The
capital stock of this corporation may be in
creased, from time to time, TO an amount
not exceeding Fifty Thousand Dollars ESQ.,
| 10000.
Article Iv.-All the corporate powers of
| this corporation shall be vested in a board
| of directors, to be composed of three stock
holders, a majority of whom shall constitute
| a quorum, which board of directors shall
hold office until the first Monday in Jana-
airy of each year or until their successors
| shall have been elected and qualified, ex-
cept the first Board of Directors and Off
who shall hold office until the first Monday
| in January, 1919, or until their successors
| are elected and qualified. The first Board
Of Directors shall consist of Fiacro X. Betan-
court, Miss Laura Betancourt and Narno
Dorbecker, with Fiacro r. Betancourt; as
President; Miss Laura Betancourt, as Vice
President, and Narno Dorbecker, as Secre-
tary- Treasurer. All meetings of stockhold.
| ers shall be subject to a ten days notice
mailed to each stakeholder at his last known
place Of residence. In the event of death
| or resignation of one more of said board
| or officers, the remaining members of the
board shall supply the vacancy.
Article V.-The corporation may buy, lease,
| mortgage or sell real estate, as occasion
may require, during the course of its objects
and purposes, and all such transactions shall
be effected by the board of directors then
in office.
Article vI.-This corporation may be
amended altered or modified, or the corpor.
ation dissolved by vote of three-fourths OF
the stockholders, voting by shares at meet
| ing held for that purpose, after fifteen days
previous notice of such meeting shall have
been given as required by law. In the
event of liquidation, either by expiration
| of this charter or otherwise, its affairs shall
| be liquidated by the board of directors then
| in office, who vested with full power to
sell all the assets and property, real and
personal, of this corporation, to convey full
| and complete title thereto, and to perform
| all acts essential to a full and complete IL
quotation of the affairs of the corporation,
and. to divide the proceeds, if any, in &C.
| Article VII.-No stakeholder shall ever be
held liable or responsible for the contract.
| or faults of the corporation in any further
sum than the unpaid balance due the cor,
| poration on the shares of stock subscribed
| by him; nor shall any mere informality II
organization or failure to elect directors and
| officers at any required time, have the effec'
of rendering this charter null, or of expos
ing a stoekholder to any liability 6eyont
the unpaid balance due on his stock
Thus done and passed, at my office, in thu
| City of New Orleans, on the day, month ant
ence Of Messieurs. August H. Ritter and AL
bert Ritter, competent witnesses, who here
unto sign their names with the said appear
ers and me, Notary, after reading of tn
whole. And the appearers have set oppos
lite their names and addresses the number o
shares subscribed by them.
Original Signed F. r. Betancourt, 60
Godchaux Bldg, N. o., La. shares; Laur
4 Betancourt, COS Godchaux Bldg, N. O., La
Il 20 shares; N. Dorbecker, shares.
Witnesses: A. Fl. Ritter, Albert Ritter.
Il ]. M. QUINTERO, Not. Pub.
I, the undersigned, Recorder of Mortgages
in and for the Parish Of Orleans, do hereb
cestify that the above and foregoing Act o
Incorporation of the Mexican and Contra
American Exchange, Inc, was this day dull.
recorded in my office in Book 1912, Folio
New Orleans, La, November 18th, 1917.
| (signedl EMILE ]. LEONARD, d. r.
M IN. oUINTERo, Not Pub.
Nov. 2o-Dec. Clan. 3
AMENDMENT TO THE CHARTER
lOF THE flicker MANUFACTURING co
4 INC.
United States of America. Safe Of Louisi
ana. Parish of Orleans. City of New
Orleans.