The herald., 1917-02-22
CHARTER
OF AMERICAN EXPORT CO.. INC.

,, duIy crrnissioned and qualified in and for
, | the state and parish aforesaid, therein re-
. hereinafter named and undersigned, person
any cane and appeared: The several per
, sons whose names are hereuntD subscribed.
: who declared that, availlng themselves OF
; me laws oi the state Of louisiana IN such
. ! C. -e> made and provided they have covenant
ed and agreed and do. by these presents,
covenant and agree and bind themselves, as
. well a. all such persons may hereafter
become associated with them. 70 torn cor
. p1ratIUn Tor the objects and purposes and
under the articles and stipulations following,
tD-Nit:
/ Article THE name and style Of this cor
poratiou shall be: American Export Company,
incorporated, and under its corporate name
1t shall have and ENJOY corporate eNlSterve
and succession for the full term and period
Of ninety-uIne years from and after the date
hereof: and il shall have power and author
lty 20 contract, and be issued; 10 make
and use a corporate seal and the same 20
alter and break al pleasure; - hold. receive,
lease, purchase and convey, as well a mort
gage and hypothrCatc property, real, personal
and mixed, corporeal and lucDrporcal; To
9.crow money and H. lend money on secu-
rity; 20 buy, own and hold stock, and bonds
as utI-~ corporations and to vote the same 4;
% name and appoint such officers, directors,
managers and agents As It's business, inter
est, and convenience may require and 20
make and establish, well alter and
aHSnd. from time 10 time, such bylaws
vr- nu1 regulations tors the proper gov
eminent Of the affairs Of said corporation as
..t, Gv necessary and proper, and 10 like
wise ID and perform any and all acts ncccs-
sary 10 carry the business Of said cor
poratIon as in the Judgment Of Il, board Of
directors shall seem proper.
Article 1.-THE domcie Of said corpora
ton shall be in the city of New Orleans,
sac % LOUISIANA, ana all ciauOn and
other legal process shall he served the
president Of said corporation. N, IN his alb
-euCe, upon the yICe-preSident thereof, or,
| a ID % af tItP
,le secretary Of said corporation.
Article Ill.-The objects and purposes for
which said corporation Is organized and tS-
tabliShed and the nature Of the business 10
To i, a general exporting and importing
business either IN is own lame and for is
| p"n account or On commission or a. agents
for others; to act forwarding agents and
| ID do a general commission business; 10 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
enumerated.
Article IV.--The capital stock OF said cor
poration is hereby fixed at the sum Of five
lou>lnl dollars lS5,OO0OOl. divided into and
represented by fifty shares of the par value
Of one hundred dollars $4,000 each. The
said stock shall be paid for in cash. at such
time, H. such amounts and after such notice
u the subscribers may be fixed by the
= Tor labor done property actually received
| " The said corporation, but when said stock
- issued it shall not be issued at less
{ ,han par.
= This corporation shall become a going con
i Germ soon as twenty-five hundred $3.50
4 dollars shall have been subscribed and one
half ot the SAID amount 50 subscribed shall
: have been paid for.
: twenty-five thousand dollars (s25, OOlOW !:
:, hereby fixed at the limit to which the cap
r ital stock OF this corporation may be in
A creased on complying with all the prov
u sions Of the laws of the State OF Louisiana
!. on the subject
: All transfers Of shares of the capital stocl
n OF this corporation shall be entered the
y stock book OF the corporation and no transfer:
!, NShall be in any manner binding on this cor
" pOratiOn until so entered.
No Stockholder snail have the right Il
, sell the shares OF stock in this corporation
" owned by him until he shall have given the
remaining stockholders in this corporation il
. proportion to their respective holdings the
; privilege Of purchasing his said shares Of
= stock at such price as shall be bona tidt
offered therefor by any outsider; said Offer
= shall be made in writing and shall be &C
cepted or rejected by the other stakeholder:
. within thirty days. If any stakeholder should
i not desire to purchase his proportion Of the
: stock 50 offered, the remaining stockholders
> shall IN proportion to their holdings be re
quired to take over same.
= Article N.-Al the corporate powers OF
: said corporation shall be vested in and exer
! cised by a board of directors. composed OF
four. "a stockholders. majority OF whom
shall constitute a quorum The said di-ec.
: shall be elected annually the second
Thursday in January in each year.
. All such elections shall be by ballot and
At the. office OF said corporation, under the
! supervision Of three commits Sioners to be
= appointed by the board of directors.
. Notice OF said elections shall be GWEN by
the secretary OF the company by written no.
'ice thereof delivered personally or by de,
posting the same IL the post office, properly
addressed, 10 each stakeholder at least ff.
teen days preceding such meeting.
At all such elections and at all corporate
meetings every stakeholder shall be entitled
: to one vote for each share OF stock standing
> IN his name on the books of the corpora
: ton, to be cast in person by written
y proxy, and it shall require a majority of the
stock outstanding to elect.
L Any vacancy among the directors by death
RESIGNATION or otherwise; shall be filled by
election Tor the remainder of the term, by
! the remaining directors.
failure to elect directors or the date
above specified shall not dissolve the cor
! poration nor impair its corporate manage
ment. but the directors then in office shall
remain in office until their successors shall
, have been fully elected and shall have quail
ihed.
y The board of directors shall elect from
! their number president and a icepresi
dent. They shall also elect secretary and
treasurer, or one person who shall be both
5 either or both OF whom may or may not
q be members of the board They may from
time to time name and appoint all such off.
5 GERS ard agents as may be deemed necessary
for the purposes and business of the corpo
{ ration; they shall have power 10 hx and
define the duties of every officer and EN-.
plOyee and all officers and employees shall
hold office and employment at the pleasure
4 Of the board.
l The board may make as we'll as alter and
amend any and all bylaws, rules and regu-
lations necessary and proper in its judg-
, ment for the conduct and management of the
business and affairs of the corporation.
II The board shall have full power and au-
i thorlty to borrow money, to execute mort
cages and to create liens; to issue bonds
notes and other obligations and generally
to do all things reasonable, convenient and
necessary for the proper carrying on of the
| business of the corporation.
The board may issue full paid and non-
I assessabe shares of stock for cash or in
payment of labor done or property actually
received by said corporation.
4 At all meetings of the board of directors
each director shall have the right to appoint
, a proxy to act in his place and stead
Article NI.-Nhenever this corporation nav
be dissolved, either by limitation or from
any other cause, its affairs shall be liqui-
dated by three commits siOners to be appointed
from among its stockholders at general
meeting of the stockholders convened for
that purpose, OF which meeting notice shall
be gwen in the manner and time provided fol-
the stockholders meetings provided by Arti.
Gle VII OF this charter and three-fourt in
amount OF the capital stock represented al
such meeting shall be requisite to elect
SAID commissioners shall remain in Office un.
til the affairs of the said corporation shall
Q Soil. l.