The herald. [volume] (New Orleans, La.) 1905-1953, 1918-09-05
CHARTERS

| 2. To do a general business as commission
merchant, selling agent and factor
5. To act as brokers.
T. To carry on any or all business as manu-
| facnIrers, producers, merchants, wholesale
| and retail, importers and exporters generally
without limitation as to products and mer-
| chandise.
| 5 To carry on and undertake any bust.
| ness, undertaking, transaction or operation
| commonly carried on or undertaken by mer-
| chants commission men, factors, importers
| and manufacturers agents.
| Q. To do general commission merchants
and selling agents business; to buy, sell,
and otherwise dispose Of, hold, own, manu-
! facture, produce export and import, and
! deal in either as principal agent, and
upon commission otherwise, all kinds Of
| personal property whatsoever without limit
as to the amount; to make and enter into
| all kinds Of contracts, agreements and OBJ
| legations by with any person or persons,
| corporation or corporations, for the purchaS-
! ing acquiring. manufacturing, repairing and
selling and dealing in OF any. articles OF
| personal property Of any kind or nature
| Whatsoever and generally with full power
| to perform any and all acts connected here
with or arising therefrom or incidental there
to, and all acts proper or necessary for the
purposes of the business.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the of
Eight Thousand ($s,O0OOO- Dollars, to be di-
vided into and represented by Eighty tS0l
shares. in the sum of One Hundred $4,000
Dollars each; said stock shall be paid for in
cash at such times and in such manner as
the Board of Directors may determine All
shares Of stock of this corporation shall be
full paid and worcestershire. No transfer
Of stock shall be binding upon the corpora
ton unless made upon its books, and all
certificates Of stock shall be signed by such
officers as may be designated by the Board
of Directors. The capital stock OF this cor.
poration may be increased 10 the Of
Fifty Thousand (s5O,0OO00) Dollars.
! ARTICLE Van the corporate powers of
| said he
Board of Directors consisting of three stock
holders, majority OF whom shall consti-
tute quorum for the transaction OF busl.
annually from their number President, a
INice-President, and a Secretary and Treas
urer The first Board of Directors shall
consist of three stockholders and shall be
composed of Juan Rivas, Jose NJ: Rosado,
and Cloridano Betancourt, Jr., and it shall
elect from its number a President. a Vice
President. and Secretary and Treasurer,
who. shall serve until the second Thursday
in August, 1919.
The Post Office addresses of said directors
are as follows: Juan Rivas, No. 1901 Canal
Street New Orleans. La. Jose NJ. Rosado,
Betancourt, Jr., No. sos Queen and Crescent
Building, New Orleans, La.
These directors shall serve until the sec
ond Thursday in August, 1919 or until their
| successors have been duly elected and quail
fled. The annual meeting of stockholders
| for the election of directors shall be held
|
year, unless said day be legal holiday,
and then on the next bank day thereafter
Any vacancy occurring among the directors
by death, resignation or otherwise, shall be
filled by election for the unexpired term
by the remaining directors. Each subscriber
hereto sets after his name his post-office ad-
dress and a statement OF the number OF
| shares of stock which he agrees to take in
| stakeholder shall be entitled to one vote for
each share of stock standing in his name
on the books of the corporation, to be cast
in person or by his written proxy. A ma
jority of the votes cast shall elect
ARTICLE Win the event Of the liqui-
dation dissolution Of this corporation, the
from among their number at a meeting CON
vened for that purpose, after Fifteen OS)
days written notice sent TO each stock
holder by mail to his last known address;
said liquidators shall have the authority to
wind up the business and affairs Of this cor
poration. In case of the death Of hqui
dator. the survivors shall appoint a stock
holder as successor to him.
| ARTICLE Widths charter may be modi-
fled, changed altered, said corporation
may be dissolved, with the assent OF stock
holders owning two-thirds Of the entire CAPT
tai stock, at a general meeting of the stock
holders convened for such purpose, after
fifteen 0O days written notice shall have
been given TO each stakeholder, mailed to
him at his last known address.
Y ARTICLE WILING subscriber for stock
shall ever be held liable for the contracts,
faults or debts of said corporation in any
further than the unpaid balance, if
any, due the corporation the stock for
which he has subscribed; nor shall any stock
holder ever be held liable for such con-
tracts, faults or debts in any further sum
than the unpaid balance, if any, on the
stock owned by him; nor shall any mere in
formality in organization have the effect OF
rendering this charter null, or rendering any
subscriber or stakeholder liable beyond the
unpaid amount, if any, remaining due on
his stock
: ARTICLE IX-This corporation is orga,
nized under the laws of the State of Louis
lana, and especially Act No. 267 of 1914
and the subscribers hereto, for themselves
: rectors and stockholders, hereby accept, as
part of this charter and as conditions OF
! this corporation, all the rights, powers, privi-
leges and immunities granted to corporations
and granted to and conferred upon officers.
directors and stockholders Of corporations by
said laws and said act; such acceptance be
ing as full, complete and binding as il
said rights, powers. privileges and immuni-
ties were set forth at full length in this
instrument
Thus done and passed in my Notarial OF.
flee, in the City of New Orleans aforesaid.
in the presence of Frazier L. Rice, and
nesses of lawful age, and residing in this
, city, who hereunto subscribe their names,
together with said parties and me, Notary,
on the day and date set forth in the caption
hereof
: Witnesses: Frazier L. Rice, T. J. Dob
Original Signed
w. W. YOUNG.
Not. Pub
I, the undersigned Recorder of Mortgages
in and for the Parish of Orleans, State of
| Louisiana, do hereby certify that the above
and foregoing Act Of Incorporation of the
Rivas & Co. Inc, was this day duly record
| -, off al