The herald., 1917-12-20
CHARTER OF
MEXICAN AND CENTRAL AMERICAN
EYCHANCE INC

hEAlCAN AND CENTRAL AMERICAN
EXCHANGE, INC.
United States of America, State of Louisi-
ana, Parish of Orleans, City of New Or
leans.
Be It Known, That on this 9th day OF
the month of November, in the year Of ouI
Lord, one thousand, nine hundred and sew
enteen and of the Independence of the I'm.
tied States of America, the one hundred and
torty-second,
! Before me, John Marshall Ouiutero, No.
tary Public, duly commissioned and quail.
ned, in and for this City and the Parish oil
Orleans, therein residing, and in the pres.
ence of the witnesses hereinafter named and
undersigned personally came and appeared
court and Narno Dorbecka, all of age and
residents of this City, who, seperally de-
clared that, avaiing themselves of the pro-
visions of the laws of this State relative to
the formation of corporations, they have COW
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, to
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
for a term of ninety-nine years from date
hereof; shall be domiciled in the City of
New Orleans, State of Louisiana. The pres
dent 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
it are hereby declared to be the following
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, we'll oil wells and oil prop
erty; to own, operate or deal in shares of
stock mining company stocks and oil COM
pany stocks operated in the Republic of Mex
leo; to do general mail order business of
any and all character that the Board of Di-
rectors might deem proper and not prohibit
ed by law, and TO do a 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 (S5,OO0.O0), divided into
fifty shares of the par value of One Hun
dref Dollars $4,000 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
be going concern whei. Five Thousand
Dollars (Ss,0O.00 of its capital stock shall
have been subscribed and paid for. The
capital stock of this corporation may be in
not exceeding Fifty Thousand Dollars. ESQ.,
10000.
Article IV.-AH the corporate powers of
this corporation shall be vested in board
IF 70 he c0rnn0Sed n k
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-
cept the first Board of Directors and Off
GERS appointed in this act of Incorporation,
who shall hold office until the first Monday
are ar y eleeteS and quaifed The first Board
of Directors shall consist of Fiacro r. Betan-
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 stockhold-
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 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
and purposes, and all such transactions shall
be effected by the board of directors then
in office.
amended, altered or modified, or the corpor-
ation dissolved by vote of three-fourths OF
the stockholders, voting by shares at a meet
ing held for that purpose, after htteen days
previous notice of such meeting shall have
event of liquidation, either by expiration
of this charter or otherwise, its affairs shall
be iiquidated by the board OF directors then
in office, who are vested with tuil power 20
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
quotation of the affairs of the corporation,
| Article VII.-No stakeholder shall ever be
held liable or responsible for the contracts
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 informality in
organization, or failure to- elect directors and
officers at any required time, have the effect
ing a stakeholder to any liability beyond
the unpaid balance due on his stock.
Thus done and passed, at my office, in the
City of New Orleans, on the day, month and
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
lite their names and addresses the number OF
shares subscribed by them.
Original p Signed; r. Be shars. 1os
Betancourt, 6O6 Godchaux Bldg, N. o., La.
40 shares; N. Dorbecker, shares.
Witnesses: A. H. Ritter, Albert Ritter.
J. NJ. QUINTERO. Not. Pub.
/, the undersigned, Recorder of Mortgages,
in and for the Parish Of Orleans, do hereby
ces.ify that the above and foregoing Act Of
Incorporation of the Mexican and Central
American Exchange. Inc, was this day duly
recorded in my office in Book 1912, Folio
New Orleans, La, November 18th, 1917
(SignedD EMILE J. LEONARD. D. R.
A True Copy.
Nov. 29-Dec. g. Jan. 8.
AMENDMENT TO THE CHARTER
OF THE flicker MANUFACTURING Co