The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-20
CHARTER.

ton commonly carried on or undertaken b,
merchants commission men, factors, importer
and manufacturers agents, and IN tn
course of such business to draw, indorse
| acquire and sell all any negotiable o
transferable instruments and securities.
Section 9: To do a general commission
| merchants and selling agents business; Il
buy, sell, and otherwise dispose or, hold
own manufacture, produce, export and i'm
port, and deal in, either principal o
| agent, and upon commission or otherwise, al
kinds OF personal property whatsoever. with
out limit as to the amount; to make an,
enter into all kinds of contracts, agreement
| and obligations by or with any person o
persons, corporation or corporations for TIL
purchasing, acquiring manufacturing, repair
ing and selling and dealing in OF any arti
cleS OF personal property of any kind o
nature whatsoever, and generally with full
power to perform any and all acts connected
| herewith or arising therefrom incdenta
! thereto, and all acts proper or necessary FOL
| the purposes OF the business.
Section 7: To own, lease, acquire oper
| ate public warehouse or warehouses for
/ storing and caring for such commodities as
may be handled.
Section s: To borrow money and TO pledge
mortgage or hypothecate property therefor.
and to loan money security or otherwise.
In fact. 10 do all things necessary or incl
dental to carrying on general brokerage
business as herein contemplated.
Article IN.-The authorized capital stock
Of this corporation is hereby declared to be
the sum of Twenty Thousand Dollars &c.
C000O), which capital stock may be increased
in the manner provided BY law to the sum
of One Hundred Thousand Dollars $780,
OOOOOl. The presently authorized stock of
this corporation shall be represented by two
hundred (2OO) shares of the par value of One
Hundred Dollars $4,000 each. The said
capital stock shall be represented by certi-
Gates and shall be personal property. No
transfer of said stock shall be binding upon
this corporation unless made in accordance
with its charter and bylaws and recorded
on the books thereof
The capital stock Of this corporation shall
be fully paid and worcestershire when is
sued, and shall be issued only for labor
done or Tor property actually received or
for cash to be paid al such times and in such
amounts and after such notice as may be
determined by the Board of Directors
Article N.-All the powers of this corpo-
ration shall be vested in and exercised by
| Board OF three 90 Directors, each of whom
shall hold. IN his own name, at least one
% share Of stock. Said Board of Directors
shall be elected annually on the second
| Tuesday OF January OF each year. the first
election to be held in the year 1919. All
such elections shall be by ballot at the office
OF the corporation, under the supervision OF
one commissioner TO be appointed by the
board of directors and in the absence OF any
commissioner the President shall have power
to ill the place by appointment Notice OF
I
! ings of stockholders, except for the purpose
OF liquidation dissolution or as otherwise
required by law, shall be given fifteen Q5)
days prior thereto by mailing to each stock
| holder who appears as such the books
of the corporation at his last designated ad-
dress or at the general delivery at New
Orleans. If he has not designated an ad-
dress, an announcement stating the time, the
place and object of the meeting. Each stock
holder shall be entitled to one vote for each
share of stock standing in his name on the
books OF the company, to be cast in person
or by proxy, and majority of the vote cast
shall elect. The board of directors shall have
power TO fill all vacancies that may occur
IN the Board. Failure to elect directors on
the day above specified shall not dissolve
the corporation, but the directors then in
ofhce shall remain in Office until their sue
cessors elected and qualified The Board
of Directors at their first meeting following
each annual election shall elect from their
number a President, a Vice-President and
Secretary Treasurer and such other officers
as the Board of Directors shall deem necessary.
The Board shall have power in its discre-
ton TO unite two Offices, and the
same to confer upon one person. and shall
have power TO fix the salaries of all officers
and all such other officers and employees as
tors shall have power to make and establish
as well as alter and amend, all bylaws. rules
and regulations necessary and proper for
the support and management of the business
sstent with its charter.
A majority of the directors shall constitute
quorum for the transaction of any bust
ness. AT any meeting of the board, any
director absent FROM the meeting may be
represented by any other director, who may
cast the vote of said absent director according
to the written instructions of said absent
director. The board of directors shall have
the power, by vote of not less than a
majority thereof to sell, lease, mortgage, by
bond, mortgage, or otherwise, or to pledge
and and all of the property, movable or
immovable belonging to the corporation or to
receive IN exchange therefor, moner or stocks
or bonds or other obligations of another
corporation without referring to the share.
holders for the power to do so and they
may also purchase for stock in this cooperation
or for cash, or any of the purposes of this
corporation. without authority of the share.
holders
Until the next general meeting to be held
under this charter the second Tuesday in
January, 1919. or. until their duly qualified
successors are elected and installed, the
Chaille p. Sims, whose post-office address
is Adeline, La. William F. Giles, whose
post.office address is Adeline, La. Edith
V: GamInell, whose address is sol Canal Bank
P. Sims as President, William F. Giles as
Vice-President and Edith " Gammell as
Secretary Treasurer
Article VI.-This charter may be attended
ed, ana the capital STOCK OF this corporation
may be increased or decreased. or this cor
poration may be dissolved in the method
and manner provided by law
Article VII.-No stakeholder of this cor
poration shall ever be held liable or respon
| sible for the contracts faults of thi:
corporation in any further sum than tn,
unpaid balance on the stock for which h,
has subscribed. shall any mere infor
malty in organization have the effect o
rendering this charter null or of exposin,
| a stakeholder 10 any liability than as above
provided
Article VIII.-Whenever this corporation
shall be dissolved. whether by limitation o.
from any other cause, the affairs thereo
| shall be liquidated by three 90 stockhold
ers to be elected and qualified in the man
ner provided by law. And they shall con
tinue in Office until the affairs of thi.
| corporation shall have been fully settled anc
| lqudated In case Of the death of one Of
the liquidators or his refusal or inability tc
serve. the remaining liauidators NAV fill the