The herald., 1918-08-29
CHARTERS

! ,. To do a general business as commission
merchant, selling agent and factor.
: ). To act as brokers.
| 4. To carry any or all business as manu-
| facuIrers, producers, merchants. wholesale
/ and retail. importers and exporters generally
| without limitation as 10 products and mcr-
| Chaud;Sc.
! ness, undertaking, transaction or operation
commonly carried on or undertaken by mer-
| chants. commission men, factors, importers
| and manufacturers agents.
| o. 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 or otherwise, all kinds OF
/ personal property whatsoever, without limit
! as TO the amount; TO make and enter INTO
! al kinds If contracts, agreements and %
legations by or with any person or persons
| corporation or corporations, Tor the purchaS
! ing acquiring. manufacturing, repairing and
! sellin. and dealing IN OF any articles oil
| personal property OF any kind Or nature
| whatsoever and generally with full power
10 perform any and all acts connected here
with or arising ihcretrom Or incidental there
TO. and all acts proper or necessary Tor me
purposes of the business.
ARTICLE IV.-The capital stock OF this
c7rparation IS hereby fixed At the SUN OF
Eight Thousand (SS,0O000- Dollars, TO be d.
! vidcd into and represented by Eighty 'SD
| shares. in the sum Of One Hundred $4,000
Dollars each; said stock shall be paid tOr IN
cash N 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. ~ transfer
Il stock shall be binding upon the corpora,
ton unless made upon It's books. and all
certificate, Of stock shall BE signed By such
officers rs NAV be designated by the Board
Of Directors. The capital stock OF this cor.
pp-a;lon may be increased 20 the sum oi
FIFTY Thousand $4,000 Dollars. - ~,
said corporation shall be exercised by a
Board Of Directors consisting Of three stock
holders, a majority OF whom shall consti-
iuta a quorum for the transaction of bust
ness, The Board Of Directors shall elec:
annually from their number President,
.cc-Presidcnt. and a Secretary and Treas
urr- The first Board Of Directors shall
consist Of three stockholders and shall be
! composed OF Juan Rivas, Jose NJ. Rosado,
and Cloridano Betancourt, IT,. and II shall
elect from its number a President a Vice
President. and a 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. Nucatan, Mexico, and ClOridanO
Bctancourt, Jr., No. sos Queen and Crescent
Building. New Orleans, La.
| These directors shall serve until the sec
r ond Thursday in August, 1919, or until their
successors have been duly elected and quail
r fled. The annual meeting of stockholders
for the election Of directors shall be held
on the second Thursday in August Of each
= wear, 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 Tor the unexpired term
by the remaining directors. Each subscriber
hereto sets after his name his post-oftce ad.
. dress and a 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 for
each share Of stock standing in his name
! Ion, fhp NJ
in person by his written proxy. ma
; jority Of the votes cast shall elect
ARTICLE Win the event of the liqu-
dation or dissolution of this corporation. the
stockholders shall elect three liquidators
from among their number at meeting con
r vened for that purpose. after Fifteen u5)
( 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 a liqui-
4 holder successor to him.
! ARTICLE Widths charter may be modi-
fled, changed or altered, or 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 O5) days written notice shall have
/ been given to each stockholder, mailed to
3 him at his last known address.
~ ARTICLE NIII-No subscriber for stock
u shall ever be held liable for the contracts
: further sum than the unpaid balance, II
!. any, due the corporation the stock FOL
: which he has subscribed; nor shall any stock
u holder ever be held liable for such con
u tracts, faults or debts in any further sun
: than the unpaid balance, il 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 am
o subscriber or stakeholder liable beyond thu
:. unpaid amount, if any, remaining due OF
u his stock
r ARTICLE IX.-This corporation is orga
. nized under the laws OF the State OF LOUIS
d and the subscribers hereto for themselye
r and said corporation. and for its officers, di
e; rcctors and stockholders, hereby accept, a
a part OF this charter and as conditions 0
n this corporation, all the rights, powers. priv
leges and immunties granted to corporations
n and granted 20 and conferred upon officers
:. directors and stockholders of corporations b,
ID said laws and said act; such acceptance be
y ing as full, complete and binding as
said rights, powers. privileges and immuni
= ties were set forth at full length in thi
p instrument
is Thus done and passed in my Notarial OF
k in the presence of Frazier L. Rice, an
r Thomas Joseph Dobbins, competent wit
ct nesses OF lawful age, and residing in thi
g city. who hereuntO subscribe their names
lie 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
=, Names of subscribers omitted. ,.o,.>-.
ID Not. Pub.
10 I. the undersigned Recorder of Mortgage
r in and for the Parish Of Orleans, State o
ie Louisiana, do hereby certify that the abov
20 and foregoing Act of Incorporation OF the
Of Rivas & Co.. Inc, was this day duly record
~ cd in offire in Rock 1211 Folio 40