The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-06
CHARTER OF
MEXICAN AND CENTRAL AMERICAN
EXCHANGE INC


MEXICAN AND CENTRAL AMERICAN
EXCHANGE, INC.
United States of America, State of Louisi-
ana, Parish OF Orleans, City of New Or
Be Il Known, That on this 9th day OF
the month of November, in the year Of our
Lord, one thousand, nine hundred and sew
enteen and of the independence of the I'm
tied States of America, the one hundred and
forty-second,
Before me, John Marshall Quintero, a No.
tary Public, duly commissioned and quail.
fed, 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
Fiacro r. Betancourt, Miss Laura Betan
court and Narno Dorbecka, all of age and
residents of this City, who, seperally de-
clared that, availing themselves of the pro
visions of the laws of this State relative tC
the formation of corporations, they have GOV
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, t.
form and constitute a 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
hereof; shall be domciled in the City OF
New Orleans, State of Louisiana. The pres
ident 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
To buy and sell Mexican and Central Amer
ican 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 CON-
pany stocks operated in the Republic of Mex
leo; to do a general mail order business of
rectors might deem proper and not prohibit
ed by law, and to do general commission
business with Mexico and Central America,
and generally to do any and all acts and
things necessary or incident to the objects
and purposes for which this corporation is
organized.
Article III-The capital stock Of this cor
poration is hereby fixed at the sum of Five
Thousand Dollars (ss0O0OO, divided into
fifty shares of thespar value of One Hun
dred Dollars (slOO.OO) each, and such stock
may be issued for cash, or in payment Of
property received by or service rendered to
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 &C
cept or decline such offer. All stock trans
fers to be valid must be made on the books
of the corporation. This corporation shall
Dollars (s5,OOo.OO of it's capital stock shall
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.-An the corporate powers Of
this corporation shall be vested in 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 Janu'
airy of each year or until their successors
shall have been elected and qualified, ex'
GERS appointed in this act of Incorporation,
who shall hold office until the first Monday
in January, 1919, or until their SUCCESSORS
are elected and qualified. The first Board
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 stockhoid-
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 or 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
Article VI.-This corporation may be
amended, altered or modified, or the corpor.
alton dissolved by a vote of three-fourths OF
the stockholders, voting by shares at meet
previous notice of such meeting shall have
been given as required by law In the
event of q liquidation, either by expiration
of this charter or otherwise, Its affairs snaii
be Inundated by the board Of directors then
in office, who are 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 full and complete Ii
ouidation of the affairs of the corporation,
and to divide the proceeds, If any, in &C
cordance with law.
Article VII.-No stakeholder shall ever be
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 intormality IN
organization, or failure to elect directors and
officers at any required time, have the effect
of rendering this charter null, or of expos.
ing a stakeholder to any liability beyond
the unpaid balance due on his stock. i,
Thus done and passed, at my office, in the
year herein first above written, in the pres
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 the
whole And the appearers have set oppos
lite their names and addresses the number Of
shares subscribed by them.
Original Signed: F. R. Betancourt, 6ot
Godchaux Bldg, N. o., La, shares; Laura
Betancourt, 6O6 Godchaux Bldg, N. o., La
40 shares; N. Dorbecker, shares.
Witnesses: A. H. Ritter, Albert Ritter.
]. NJ. QUINTERO. Not. Pub.
(SeaD
/, the undersigned, Recorder of Mortgages
in and for the Parish of Orleans, do hereby
ces.ify that the above and foregoing Act o.
Incorporation of the Mexican and Central
American Exchange, Inc, was this day duly
recorded in my office in Book 1872, Folio
New Orleans, La, November 18th, 1917.
(Signed) EMILE ]. LEONARD. d. r.
A True Copy.
Nov. 29-Dec. 6-Jan. 3.
AMENDMENT TO THE CHARTER
OF THE flicker MANUFACTURING co.
INC.