The herald. [volume] (New Orleans, La.) 1905-1953, 1918-02-28

Orleans.
BE il known. that on this 10Th day of
the month of February, in the year of
our Lord, one thousand. nine hundred and
| eighteen 09lS), and of the Independence
of the United States of America, the one
| hundred and forty second.
Before me. John Marshall QuinterO. a
Notary Public. duly commissioned and
| qualified, in and for this city and the
Parish of Orleans. therein residing. and in
| the presence of the witnesses hereinafter
named and undersigned, personally came
and appeared:
| The several persons whose names are
| hereuntO subscribed. of the full age of ma
jOrity, who declared to me, that. awaiting
themselves of the laws of this State rel
alive to the organization of corporations,
they have cOvenanted and agreed, and, by
| these presents, do covenant and agree for
| them selves and their successors and as
signs. to form themselves into corpora
| ton and body polite in law for the OBJ
jectS and purposes and under the stipula-
tons hereinafter set forth.
| Article 1.-The name and title of this cor
poration shall be "Credito IndO- HiSpano,
Inc" and under such title il shall have
and enjoy succession and existence for a
period of ninety-nine years from the date
hereof; il shall have power and author
| ity to contract. sue and be sued, make and
use a corporate seal, the same TO break
and alter at pleasure; TO hold, SELL lease,
mortgage, hypothecate, or pledge proper
| ty. real personal or mixed, necessary. in
CideDtal or proper for the carrying on OF
its business. as well as to issue bonds
by such mortgages; to buy and hold stock
in any other company or companies; TO
make and issue notes and certificates OF
Indebtedness; to name. elect and appoint
mana gers, directors and clerks. or other
employees, to properly conduct its corpor-
ate business. and to make bylaws, rules
and regulations as may be found neces-
Sary or desirable for the management and
business affairs of this corporation. and
llx a ut ret
thing necessary for the complete and
proper carrying out of said business.
Article 1.-THE domicile of this corpor-
alton shall be in the City of New Orleans,
State of Louisiana. where all citation and
other legal process shall be served upon
the President, or, in his absence. upon the
Vice President, or. in the absence of both,
upon the Secretary Treasurer. The cor
poration shall have its principal Office in
the City of New York, State of New York.
Article III.-The objects and purposes
of this corporation are hereby stated and
declared to be: To do general mer-
camille business of every kind and char
acter whatsoever throughout the United
States and with the South and Central
American Republics, Mexico and Cuba
and to represent. in this State or else
where. as agent and otherwise. commercial
houses of the aforesaid countries: TO buy.
sell and deal in stocks, real estate, bonds
and securities of all kinds, as well as bills
of exchange and letters of credit. and gen
orally to do any and all things incident
to or connected with the said objects and
purposes.
corporation is hereby fixed at the sum of
One Hundred Thousand (S1OO.OOO.OO) Dol
lars, divided into one thousand uOOOl
shares, of the par value OF one hundred
be increased to One Million Dollars ISL
600 100000. The stock shall be issued and
paid for as provided by law. The Com
pany NAV begin business when fifty per
col 0f re SnhScrihp1 canitnl
have been paid for. Certificates of stock
shall be full paid and worcestershire
Each share of stock shall be entitled to
one vote, either. in person or by written
proxy.
Article VAN the corporate powers Of
this corporation shall be vested in and
exercised by board of directors to be
composed of three stockholders, each OF
whom shall own in his own right. during
his term of office, at least one full paid
non pledged share of stock, which shall
be shown by his written declaration. two
of whom shall constitute a quorum for
the transaction of business.
The first Board of Directors and the
officers hereinafter provided for shall be
elected within thirty days after the date
Of the execution of this act of incorpora-
ton.
The annual meeting for the election Of
officers and Board of Directors, except
the first Board of Directors and officers
herein provided for. shall be held on the
first Monday in January of each and every
year and a majority Of the stock repre-
scented, either in person or by proxy. shall
elect. The failure to elect a Board of
Directors, as herein provided for, shall
not work forfeiture of this charter but
the old Board of Directors shall remain
in office until their successors are elected
and qualified.
The Board Of Directors shall elect from
it's own number a President, a Vice resi-
dent and Secretary Treasurer. 1t may
also elect an honorary president.
Article Win the event the corporation
shall be dissolved, either by limitation or
otherwise. the Board of Directors then in
power shall liquidate the affairs of the
corporation. after thirty days written no
tice of their intention so to do given to
all of the stockholders, which notice shall
be mailed by the Secretary to the last
holder.
Article VII-This act of incorporation
may be modified, changed or amended. or
this corporation may be dissolved, by and
with the assent of the holders of two
stock given at a general meeting of stock
holders to be convened after thirty days
notice mailed by the Secretary, as herein
above provided.
Article VIII.-No stakeholder shall be
held liable or responsible for the contracts
or faults of this corporation in any fur
Their sum than the unpaid balance due to
the corporation on the shares owned by
him, nor shall any mere informality in or
ganiZation have the effect of rendering
this charter null or of exposing a stock
holder to any liability beyond the amount
of his unpaid stock, If any.