The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-03
CHARTERS.
OF N. P. SLOAN CO., INC.
United States of America, State Of ouisi-
ana, Parish Of Orleans, City OF Ne"


and Of The Independence OF the United States
Of America the one hundred and torty-sec-
ond: Beofre me, Alfred ChaTles hainhe'
notary public; m ana i'T f In ' there.
in residing, duly commissioned, sworn anu
qualified, and IN the presence OF tae WIZ
nesses hereinafter named ana uhdefs!sHeu'
Personally came and appeared:
Tbs SEVERAL persons whose names are here
unto subscribed, who severally declared that
awaiting themselves Of the laws OF the olate
of Louisiana IN such cases tnLue anu P' "
yided and particularly Of the PROVISIONS OF
Act No 37 OF the Acts Of the General AS
sembly Of the State of LOUISIANA ior tns
year 1914, they have coyenanted anu aHiSs
and do by these presents, covenant alld
agree and bind themselves, as well as sucn
persons as may hereafter JON or oeSolne
associated with them, 70 form and e9nstit9 "
a corporation and body polite IN law ioi
the objects and under the articles ana sup
,is,;ons hereinafter set forth and expressed,
which they adopt as the Charter OF this CUT
pOration, to-wit:
Article 1.-The name and style OF TINS
corporation shall be y. 7. Sloan No.' thSr'
and under its said corporate name IL shaI'
have and enjoy corporate existence ana sue
cession for the full term and peIloo o.
ninety nine (99J years IRON ana &Iler '
date hereof; to contract sue ahd De ~
10 make and use a corporate seal, anu tne
same 10 alter and break at pressure, "
hold, receive, lease, purchase ana convey
as well as mortgage and hypothecate prop
real. personal or mlNtu, SJ4PO'SH 49,
;nro,noreai. 10 own and hold stocks ana
bonds of other corporations; to name ahd
appoint such managers, agents. directors an
offcers as its business or convenience HaH
require and 10 make and estaDllsh' as W.
as alter and amend, from time TO time, such
by.laws. rules and regulations tor the proper
government of the affairs OF salu vi w
ration as may be necessary ana proper.
Article 1.-THE domicile OF said corpora
ton shall be in the City Of New orleans,
State OF Louisiana, but IT may estaonsI
Offices and agencies throughout te Ct.te
States of America and IN foreign Soun| sbaIi
and all citations other legal process shaIi
be served upon the President OF sald COT
poration, or in his absence upon any one
Of the Vice Presidents thereof, or IN the az
sence of said officers, upon the secretary VI
said corporation.
Article III-The objects and purposes for
which this corporation is organized and es-
tablished and the nature OF the business "
be carried on by 1t are hereby declared +"
To carry on a general commission and
brokerage business; to act as the agent tae
tor or representative OF corporations, hIns
and individuals; to buy, sell ana otneINise
dispose of, hold, own, export ana lnPVHiI :,
and deal in, either as principal or agent ioI
its own account or for account OF others, aII I
upon commission or otherwise, stocks anu
bonds, cotton, coffee, grams and otneI ssr
cultural commodities and their by-products ;
10 buy and sell spots and future conlIaet'
in cotton, coffee, grains and other comma
dities and their by-products, tor us own
account or for account ro z, 0'as eommiss
merchant, on any cotton or other exehange,
board of trade or other organization OF
like character, and generally TO nave anu
exercise all such powers and privileges as
are incidental or relate to the powers herein
conferred. 49,: 49,
poration is hereby liked at the sum oil zen
thousand Dollars (sl0,0O0.00l, divided into
and represented by One Hundred SHARES
CiOO) OF stock of the par value OF One Hun,
bred Dollars $4,000, each. SAID STOCK snai h
be paid for in cash at such time IN sut S
amounts, and after such notice to the SUP
scrfbers as may be fixed by the Board Oh
Directors, and the same may be issued at
not less than par for labor done or property
actually received by the eSorp Cn so;ng
concern and be authorized TO do business as
soon as the full amount OF its capital STOCK
shall have been subscribed and paid Tor.
The amount to which the Capital stock
of this corporation may be increased shall
be the sum Of Fifty Thousand Dollars c'O'-
10000.
said corporation shall be vested in and ex,
ercised by a Board of Directors composed
Of ave stockholders, majority OF whom a,
any time shall constitute quorum. Said
Directors shall be elected annually on the
third Monday in January-in each year at
q general stockholders meeting, except the
first Board appointed in this Charter, who
shall hold their Offices until the tniro Moi
Au 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 pc
given in the manner prescribed by law, and
when not so prescribed, then write notice
Of such meetings shall be deposited, at ieas t
meeting, in the post office of the City OF
= New Orleans, postage prepaid, properly al.
dressed to each stakeholder at ms last
known residence or place of business
Al all such elections and at all corporate
meetings every stakeholder shall be entitled
to one ID vote for eaen snare OF stock
standing in his name on the books OF the
corporation, to be cast by him in person
or by his written proxy, and a majority OF
the votes cast shall elect.
Any vacancy occurring among the diree.
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
shove specified shall not dissolve the cor
poratiou nor 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, a First Vice-Pres
dent and a Second Viee-President. II shall
also elect a Secretary and Treasurer, OF
one person who shall be both, either OF whom
may OF may not De members OF the boaIu
II shall have power and authority to appoint
General Manager to conduct the business
of the corporation, under such authority a:
may be granted by the Board of Director:
from time to time, and il may from time e
time name and appoint all such other ON
GERS, agents and employees as may be
deemed necessary for the purposes and bus.
mess Of said corporation. The Board shall
fine tie 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
ELL as alter and amend, any and all by
vs., rules and regulations necessary and
bper in its Judgment for the conduct, sup
SYbrt 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; 70 issue bonds, notes and
other obligations and to secure the same by
mortgage, pledge, or otherwise; and, gen
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 il 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