The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-13
CHRISTMAS EDITION
CHARTERS.
OF N p SLOAN Co. INC.

of America The one hundred and forty-sec-
ond: Beofre me, Alfred Charles Hammer,
a notary public, in and for the PARISH OF
Orleans, State of Louisiana, aforesaid, the1e
in residing, duly commissioned, sworn and
qualified and in the presence OF the VIII
nesses hereinafter named and undersigned:
Personally came and appeared:
The several persons whose names are hSIe
unto subscribed, who severally declared tnat
ayailing themselves of the laws OF the State
of Louisiana in such cases made ana pro
vided, and particularly OF the Provisions %
sembly of the State OF louisiana Tor the
year 1914, they have covenanted and agreed
and do, by these presents, covenant anu
agree and bind themselves, as wei! as such
persons as may hereafter join or become
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 eApfesseu'
which they adopt as the Charter OF TINS COT
poration, to-wit:
Article 1.-The name and style of this
corporation shall be n. p. Sloan 20, Inc,
and under its said corporate name II snaii
have and enjoy corporate existence ana sue
cession for the full term and perloo OF
ninety.nine (90) years from and after the
date hereof; to contract, sue ana DC suSu,
to make and use corporate seal anu u,e
same to alter and break at pleasure; 10
hold, receive, lease, purchase and convey
as we'll as mortgage and hypothecate prop,
erty real, personal or mixed, corporeaI anu
lnCOrDOTeal. TO own anu StOSNS
bonds of other corporations; to name ana
appoint such managers, agents, directors ana
officers as its business or convenience may
require and to make and establish, as well
as alter and amend, from time TO tlmeI sucn
bylaws, rules and regulations for the proper
government of the affairs OF SAID eorpo-
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 establish
offices and agencies throughout the United
States of America and IN foreign countries;
and all citations or other legal process shali
be served upon the President of said cor
poration, or in his absence upon any one
Of the Vice Presidents thereof, or in the ao-
sence of said officers, upon the Secretary Oh
said corporation.
Article III.-The objects and purposes Tor
which this corporation is organized ana es-
tablished and the nature of the business to
be carried on by it hereby declared to
be:
brokerage business; to act as the agent, rae
Tor or representative OF corporations, hrIns
and individuals; to buy, sell and otherwise
dispose of, hold, own, export and import,
and deal in, either principal or agent, Tor
its own account or for account OF others. and
upon commission or otherwise, stocks ana
bonds, cotton, coffee, grains and other agri-
cultural commodities and their oy-products;
10 buy and sell spots and future contracts
in cotton, coffee, grains and other commo-
dities and their by-products, tor ITS own
account or for account OF others, as prln-
cipal, agent, factor, broker or commission
merchant, on any cotton 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.
Article Iv.-The Capital Stock of this cor
poration is hereby fixed at the sum OF len
Thousand Dollars CSl0,00000), divided into
and represented by One Hundred Shares
r. Of ths al
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 SUD.
scribers as may be fixed by the Board OF
Directors and the same may be issued at
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.,
Article V-All of the corporate powers of
said corporation shall be vested in and ex,
ercised by a Board of Directors composed
of FIVE stockholders, a majority of whom at
any time shall constitute quorum. Said
Directors shall be elected annually on the
third Monday in January-in each year at
. 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
when not so prescribed, then write notice
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 place of business.
AT all such elections and at all corporate
meetings every stakeholder shall be entitled
standing in his name on the books of the
corporation, to be cast by him in person
or by his written proxy, and majority Of
the votes cast shall elect.
Any vacancy occurring among the direc-
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 impair its corporate existence
or management, but the directors then in
Office shall remain in Office until their sue
cessors are elected and qualified.
The Board of Directors shall elect from its
own number a President, First Vice-Pres-
dent and a Second Vice-Presdent 1t shall
also elect Secretary and Treasurer or
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 appoint
General Manager to conduct the business
of the corporation, under such authority as
may be granted by the Board of Directors
from time to time, and it may from time to
time name and appoint all such other off,
GERS, agents and employees as may be
deemed necessary for the purposes and bus
mess of said corporation. The Board shall
have power to FIX the compensation and de-
fine the duties of every officer and employee
and all officers and employees shall hold
Office and employment at the pleasure OF said
Board.
The Board may make and establish, as
well as alter and amend, any and all by
laws. rules and regulations necessary and
proper in its judgment for the conduct sup
port and management of the business and
affairs OF said corporation. 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.
The Board shall have full power and au-
thority to borrow money, execute mortgages
and create liens; to issue bonds notes and
other obligations and to secure the same by
mortgage, pledge, or otherwise; and, gem
orally, to do any and all things reasonable,
convenient and necessary for the proper car.
rying on of the business and affairs of said
corporation.
The Board may issue full paid shares of
stock for cash or in payment Of labor done
and performed for said corporation or prop
ETY. actually received by said corporation
upon complying with the fomalities required
By law.
Article VI.-Whenever this CORPORATION
shall be dissolved, either by limitation or
,te a. -. q