The herald., 1918-09-19
CHARTERS

| p To do a general business as commission
merchant, selling agent and factor.
g. To act as brokers.
| T. To carry on any or all business as manu-
| facHlrers,, producers, merchants. wholesale
without limitation as to products and mer-
| chandse.
S. To carry on and undertake any bust
| ness, undertaking, transaction or operation
commonly carried or undertaken by mer-
| chants commission men, factors, importers
! and manufacturers agents.
| g. To do a 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 or agent, and
| upon commission OF 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 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 or nature
| whatsoever, and generally with full power
to perform any and all acts connected here
with arising therefrom or incidental there
to, and all acts proper or necessary Tor the
| purposes OF the business.
! ARTICLE IV-The capital stock of this
| corporation is hereby fixed at the sum OF
Eight Thousand (SS.0OOOO- Dollars, TO be di-
vided into and represented by Eighty $50
shares. in the sum Of One Hundred (Sl00OO
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 nOn-assessable. 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.
poraton may be increased 20 the sum OF
Fifty THOUSAND II, 100000 Dollars; q
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 a President, a
Vice 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 II shall
elect from its number a President. Vice
President. and Secretary and Treasurer,
who shall serve until the second Thursday
in August, 1919.
) The Post Office addresses of said directors
Street, New Orleans, La. Jose NJ. Rosado,
Merida. Yucatan,. Mexico, and ClOridano
Betancourt, Jr., No. sos Queen and Crescent
/ Building, New Orleans, La.
r These directors shall serve until the sec
r 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
on the second Thursday in August of each
: YEAR unless said day be a 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 4 statement of the number OF
shares Of stock which he agrees to take in
the corporation. At all elections, every
stakeholder shall be entitled to one vote Tor
each share OF stock standing in his name
/, | -, -, of .ha q he
in person or 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
from among their number at a meeting con
r vened for that purpose, after Fifteen O5)
{ holder by mail to his last known address
| said liquidators shall have the authority to
wind up the business and affairs OF this cor
4 poration. In case of the death of liqui-
datOr, the survivors shall appoint a stock
1 holder as successor to him.
! ARTICLE Widths charter may be modi'
fled, changed altered, or said corporation
\ may be dissolved, with the assent of stock
: holders owning two.thirds of the entire CAPT.
= tai stock, at general meeting Of the stock
holders convened for such purpose, aftei
i fifteen .u9 days written, notice shall have
Il been given to each stakeholder, mailed &c
= him at his last known address.
FL ARTICLE VIII.-No subscriber for stocl
= shall ever be held liable for the contracts
4
: further sum than the unpaid balance, i
:. any, due the corporation on the stock fo
= which he has subscribed; nor shall any stock
holder ever be held liable for such con
!. !, tracts. faults or debts in any further sun
= than the unpaid balance, if any, on th
. stock owned by him; nor shall any mere in
( | formality in organization have the effect o
y !, rendering this charter null, or rendering an!
% subscriber or stakeholder liable beyond TIL
$. unpaid amount, if any, remaining due OIL
u his stock
r ARTICLE IX-Ths corporation is orga
e nized under the laws Of the State of Louis
ee lana, and especially Act No. 267 of 1914
d and the subscribers hereto for themselve
r and said corporation. and for its officers, di
E; rectors and stockholders, hereby accept. a
d part of this charter and as conditions o
n this corporation. all the rights, powers, priv
leges and immunties granted to corporations
n and granted TO and conferred upon officers
5; directors and stockholders of corporations b!
d said laws and said act; such acceptance be
y ing as full, complete and binding as
said rights. powers, privileges and immuni
r ties were set forth at full length in thi
= instrument
is Thus done and passed in my Notarial OF
L flee in the City of New Orleans aforesaid
k in the presence of Frazier L. Rice, an
r Thomas Joseph Dobbins. competent wit
* city. who hereunto subscribe their names
e together with said parties and me, Notary
II on the day and date set forth in the caption
lie hereof.
g Witnesses: Frazier L. Rice, T. J. Dob
bins.
lie Original Signed
n W. W. YOUNG.
ID Not. Pub.
10 I, the undersigned Recorder of Mortgage
le Louisiana, do hereby certify that the abov
- and foregoing Act of Incorporation of the
d Rivas & Co.. Inc, was this day duly record
y ed in my office, in Book l222, Folio $50.