The herald., 1917-03-22

Selling Co., Inc, was tins day duly re-
corded in my ottlCe, IN book 800, folio -----.
New Orleans. La, Feb. -. 1917
(Signed EMILE J. LEONARD, by. r.
SCOTT f. BEER, Not Pub.
march IS p % may
CHARTER
OF AMERICAN EXPORT Co. INC.
United States OF America, State Of Louisiana,
Parish Of Orleans, City Of New Orleans.
Be It known that this first day OF the
month Of February in the year Of our Lord
one thousand nine hundred and seventeen,
before me, George Janvier, a notary public,
duly commissioned and qualified in and for
the state and parish aforesaid. therein re-
siding, and IN the presence OF the witnesses
hereinafter named and undersigned, person
ally came and appeared: The several per
sons whose names are hereunto subscribed
who declared that, ayailIng themselves OF
the laws OF the State Of Louisiana in such
cases made and provided they have covenant
ed and agreed and do. BY these presents,
covenant and agree and bind themselves as
well as all such persons may hereafter
become associated with them, 10 form
pOratIon for the objects and purposes and
under the articles and stipulations following,
tO-wIt:
Article THE name and style of this cor.
poration shall be: American Export Company,
Incorporated, and under its corporate name
1t shall have and enjoy corporate existence
and succession for the full term and period
OF ninety-nine years from and after the date
hereof and It shall have power and author
ity TO contract, sue and be sued; 70 make
and use a corporate seal and the same to
alter and break at pleasure; to hold, receive,
lease, purchase and convey as well as mort
gage and hypothecate property, real, personal
and mixed, cOrpOreal and incOrporeal; to
borrow money and to lend money on secu.
rlty; TO buy, own and hold stocks and bonds
Of other corporations and to vote the same;
to name and appoint such officers, directors,
managers and agents as its business, inter
ests and convenience may require and TO
make and establish, as we'll as alter and
amend, from time TO time, such bylaws,
rules and, regulations for the proper gov
eminent of the affairs of said corporation as
may be necessary and proper, and to like
wise do and perform any and all acts neces-
sary to carry on the business of said cor
poratIOn as in the judgment Of its board of
directors shall seem proper.
Article 1.-THE dOmicile of said corpora
ton shall be in the city OF New Orleans,
State of Louisiana, and all citation and
president of said corporation, or, in his alb
sence, upon the vice president thereof, or,
IN the absence of both of said officers, upon
the secretary of said corporation.
Article lll.-Ihe objects and purposes for
which said corporation is organized and es-
tablished and the nature OF the business TO
be carried on by 1t, are hereby declared TO
be:
To do general exporting and importing
business either in its own name and for its
own account commission or as agents
for others; to act as forwarding agents and
to do general commission business; TO act
as steamship agents or brokers and gener-
ally to do and perform any and all acts and
things necessary or convenient for 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
thousand dollars (S5,OO0.0O), divided into and
represented by fifty shares of the par value
Of hundred dollars $4,000 each The
he in ash
time, IN such amounts and after such notice
to the subscribers as may be fixed by the
board of directors, or the same may be issued
for labor done or property actually received
by the said corporation, but when said stock
IS so issued it shall not be issued at less
! than par.
This corporation shall become going con-
Germ soon as TWENTY-FIVE hundred (S1 500
dollars shall have been subscribed and one
half OF the said amount 50 subscribed shall
have been paid for.
Twenty-Five thousand dollars Cs2s, 10000 is
hereby fixed at the limit to which the CAP
ltal' stock of this corporation may be in
creased on complying with all the provi-
sions of the laws of the State of Louisiana
on the subject.
All transfers of shares of the capital stock
OF this corporation shall be entered on the
stock book OF the corporation and no transfers
shall be in any manner binding on this cor
poratiOn until so entered.
No stakeholder shall have the right TO
sell the shares of stock in this corporation
owned by him until he shall have given the
remaining stockholders in this corporation in
proportion to their respective holdings the
privilege OF purchasing his said shares of
stock. at such price as shall be bona fde
offered therefor by any outsider; said offer
shall be made in writing and shall be &C.
cepted or rejected by the other stockholders
within thirty days. II any stakeholder should
not desire to purchase his proportion of the
stock so offered, the remaining stockholders
shall IN proportion to their holdings be re-
CURED to take over same.
Article V.-All the corporate powers of
SAID corporation shall be vested in and exer-
cised by a board Of directors, composed of
tour, "a stockholders. majority of whom
snail constitute quorum. The said direc-
,ors shall be elected annually on 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 commissioners TO be
appointed by the board of directors
Notice OF said elections shall De GWEN BY
the secretary OF the company by written no.
nee thereof delivered personally or by de-
addressed TO each stockholder at least If
teen days preceding such meeting.
Al all such elections and at all corporate
meetings every stockholder 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 or by written
proxy, and il shall require a majority of the
stock outstanding TO elect
Any vacancy among the directors BY death
resignation or otherwise. shall be filled by
election for the remainder of the term, by
the remaining directors.
y failure to elect directors on 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
hed S-
The board of directors shall elect from
their number president and vice-pres
dent. They shall also elect a secretary and
treasurer, one person who shall be both
either or both of whom may or may NOT
be members of the board. They may from
time to time name and appoint all such off,
GERS and agents as may be deemed necessary
for the purposes and business of the como.
ration; they. shall have power to fix and
define the. duties of every officer and en-.
pl9yee and all officers and employees shall