The herald., 1918-08-22
CHARTERS
CHARTER Or
L RIXAS 4 co, INC.
State OF Louisiana, Parish OF Orleans, Ut!


State OF Louisiana, duly commissioned anI
qualified and IN the presence o. me VII
uesses hereinafter named and Undersigned
Personally came and appeared the seEeTa
nelson's whose names are heTeunto sub
scrlbed, all above the fu!I age OF majority
who severally declared that, awaiting them
selves of the laws o. the state OF Louis
lana, and especially the laws relative lI
The organization OF corporations, they nave
covenanted and agreed to bind, form and con
stitute themselves, as well as all such oiAeE
persons as may hereinafter JOIN or become
associated with them, into corporation and
body polite in law, Tor the objects and pun,
poses and under the articles, agreements ana
stipulations following, tO-wIt:
ARTICLE The name, style and ute OF
this corporation shall be. J. RIvas & Co.,
Inc, and under that name, II shall have
and enjoy all the rights, advantages ana PRIV
leses granted by law to corporations, and shaI!
rI,st Tor the full term and period OF ninety
nine years from this day. Il shall have
power TO contract, sue and be sued; TO make
and use a corporate seal, and the same 70
alter and break al pleasure; 10 hold, receive
lease, purchase, sell and convey, well a.
mortgage, hyp0thecate and pledge property,
real, personal and mixed, c0rporeal and IN
corporeal; to name and appoint such man
ayers, directors, officers, agents and otaeF
employees as It's interest and convenience
nav require, and 70 make and establish, as
well as alter and amend, from time 10 ti'E,
such bylaws, rules and regulations as may
be necessary and eNpedIent Tor the proper
management and government Of the affairs
OF said corporation.
ARTICLE II-The domicile Of this cor.
Fporatlon IS hereby fixed in the City OF
New Orleans, State OF louisiana, and al
citations or other legal process shall Dc
served upon the President OF said corpora
tion, or, in his absence, upon its secretary
ARTICLE III.-The objects and purposes
of this corporation and the nature Of the
business TO be carried on by II are hereby
declared TO be:
r. a.. ,s agap. o- commemorative Of
corporations, firms and individuals.
?. To DO general business as commission
merchant, selling agent and factor
}. To act as brokers.
facrsirers, producers, merchants, wholesale
and retail, importers and exporters generally
withou; limitation as TO products and mer-
chandlse.
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.
g. To do general commission merchants
and selling agents business; to buy, sell,
and otherwise dispose OF, hold, own, manu-
fzcture, produce, export and import, and
deal in either as principal or agent. and
upon commission or otherwise, all kinds OF
personal property whatsoever, without limit
as 10 the amount; 10 make and enter into
all kinds Of contracts, agreements and OBJ
legations by or 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 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 |
ARTICLE IV.-The capital stoS OF this |
corporation IS hereby fixed az the sum OF |
Eight Thousand $4,000 Dollars, to be di. |
vided into and represented by Eighty tSO) |
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
tion 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 TO the sum Of
Fifty Thousand lS5o1ooO Dollars. /
ARTICLE V-Au the corporate powers OF \
said corporation shall be exercised by a
Board OF Directors consisting Of three stock
holders, a majority of whom shall consti-
tute a quorum for the transaction Of bust
ness. The Board of Directors shall elect
annually from their number President, a /
Nice-President. and Secretary and Treas
urer, The first Board Of Directors shall
consist Of three stockholders and shall be /
composed of Juan Rivas, Jose NJ: Roszdo,
and Cloridano Betancourt, Jr, and il shall /
elect from its number a President, Vice
President, and a 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
Merida, Yucatan, Mexico, and Cloridano
Betaneourt. Jr., No. sos Queen and Crescent
Building New Orleans, La.
These directors shall serve until the sec
successors have been duly elected and quail
fled. The annual meeting of stockholders
for the election Of directors shall be held
on the second Thursday, in August of each
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 uneNpired 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
the corporation At all elections. every
stoekholder shall be entitled to one vote for
each share of stock standing in his name
on the books Of the corporation, 10 be cast
in person by his written proxy. ma
jority of the votes cast shall elect
ARTICLE Win the event Of the liqui
dation or dissolution of this corporation, the
stockholders shall elect three liquidators
vened for that purpose, after Fifteen O6 :
days written notice sent 70 each stock
holder by mail 10 his last known address;
said liquidators shall have the authority to
poration. In case Of the death of a liqui-
dator. the survivors shall appoint a stock
holder as successor to him. IL
ARTICLE Widths charter NAV be rnodi-
fled. changed altered. or said corporation
may be dissolved, with the assent OF stock
holders owning two-thiris of the entire capt. !
tai stock, at general meeting OF the stock I
holders convened for such purpose, after i
fifteen uS) days written notice shall have
been given TO each stakeholder mailed 10
him at his last known address.
ARTICLE VIII.-No subscriber for stock ]
shall ever be held lizble for the contracts. 4
faults or debts of said corporation in any
further sum than the unpaid balance II ]
any. due the corporation on the stock for
I'd he has subscribed; nor shall any stock.
ever be held liable for such con-
faults or debts in any further sum ;
the unpaid balance, IL any, on the !
0ek owned by him; nor shall any mere in
xorInality in organization have the effect Of !
rendering this charter null, or rendering anv
subscriber or stakeholder liable beyond The
unpaid amount, If any, remaining due on
his stock
ARTICLE IX-This corporation is ora.
nized under the laws Of the State of Louis
lana, and especially Act No 267 Of 1914 &
and the subscribers hereto. for themselves g
rectors and stockholders hereby accent as
part Of this charter and as conditions az
MS corporation. all the rights, powers priv.
eges and immunities granted to corporations.
,nd granted 10 and conferred upon officers
directors and stockholders of corporations by |
AID laws and said act; such acceptance be.
ng as full. complete and binding as I'll
AID rights, powers. privileges and immuni. [
res were set forth at full length in this