The herald. [volume] (New Orleans, La.) 1905-1953, 1918-05-02
AMERICAN COMMERCIAL COMPANY,
INCORPORATED
Rte of Louisiana, Parish of Orleans.
1t known, that on this, the 18th day


RTIcLES OF INCORPORATION OF
rch, 1918, before me, Thomas E. Furlow,
niy commissioned, qualified and actfns
Notary Public in and for the Parish of Or
/leans, State OF Louisiana, and in the presence
OF the hereinafter named and undersigned
witnesses, personally came and appeared
the several persons whose names are hereunto
subscribed. and severally declared that, avail.
ing. themselves of the general laws of the
State of Louisiana in such cases made and
provided. they have formed and organized
and do by these presents form themselves
and such others as may hereafter become
associated with them into, corporation and
body polite in law, for the objects and pur-
poses in the following articles set forth and
express, which they adopt as their Charter.
H.. The name and title Of this corporation
shall be, American Commercial Company.
incorporated. and IL shall exist and enjoy
succession by its corporate name for period
OF ninety nine years from date hereof, with
ell the rights and powers now or hereafter
conferred by law upon similar corporations
Its domicile shall be in the city of New Or
leans, Louisiana, and all citations and other
legal process shall be served upon the Presi-
dent, and in the event of his absence. upon
the Vice-President. or Secretary, in the order
named.
II. The capital of stock of this corporation
is hereby fixed at Fifty thousand (sso,OOo.)
Dollars. and said stock shall be divided in.
60 and represented by Five Hundred (sOO)
shares of the par value of One Hundred
($i00) Dollars each. Stock may be paid for
IN money, in services rendered to the corpora
ton or in property and good will regularly
transferred to the corporation.
OF the capital stock herein provided for
Thirty Thousand ($30000) Dollars shall be
common stock and Twenty Thousand &C.,
ooo) Dollars shall be preferred stock The
holders of preferred stock issued and out
standing shall be entitled to receive ratabiy
all dividends until the aggregate amount Of
dividends received thereon shall be eouiva.
lent to the par value of the preferred stock
on which such dividends are paid, and in
the meantime, no dividends shall be paid on
on common stock; and such holders shall, in
the event Of liquidation. voluntary or invol.
untary, be entitled to receive from the assets
OF the corporation amounts equivalent TO the
dinerenee between the aggregate amount Of
dividends received thereon and the par
value of the preferred stock held and owned
BY them, before any payment whatever on ac-
count OF common stock. When the aggregate
amount of dividends paid on any preferred
stock shall be equivalent to the par value
thereof such preferred stock shall ipso facto
DC converted at par into common stock at
par and the certificates therefor shall be
cancelled and new certificates shall be issued
for such converted common stock. Preferred
stock shall carry the same voting powers as
common stoc
Ill The purposes of this corporation are,
TO carry on, and license others to carry on
all OF any part of the several businesses
enumerated in this paragraph, to wit: the
business of manufacturers, merchants, traders,
1mporters, exporters, and dealers in and with
goods. wares, and merchandise of every des-
eription; of establishing, financing. develop.
ing, managing, operating and carrying on in
dustrial commercial, trading manufacturing,
mechanical, n.etallurgieai, engineering, build.
ing. construction, contraction, mining, smelt-
ing. quarrying. refining. chemical, ice, real
estate, logging. numbering. agricultural, plan
tation, dairying and maritime enterprises.
undertakings, propositions, concessions OF
franchises in their respective branches; of
constructing, equipping. improving, working,
developing. purchasing. selling. leasing, hir.
ing, mortgaging. operating, and dealing In