The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-24
CHARTER

. OF ninety Ulne w years l4O.H disS4 "-N~t '''~
/ date Of this Act.
/ ARTICLE 1.-THE objects and purposes
I frr which this corporation Is established ana
. The nature Of the business 20 be carried on
/ bv it are declared and specified to be 10
: carry on a general importing and exporting
. business; to buy. sell. otherwise deal m
/ urepare, manufacture, and handle cotton
/ cotton goods. cotton seed products, grain,
bran. oils and fats and all kinds OF meI-
/ chaudise of every character whatSoeVef' 70
! buv sell. own. handle. manage, operate ana
/ charter vessels and water craft OF any de
/ sc~iption; 10 act as brokers IN connection
with any shipping or transportation OuSi-
/ ness and to act as steyedOres; TO buy. SELL
own. lease. conduct and manage public or
private warehouses, wharves or docks; 10
Inv sell, own. or otherwise deal IN or
handle stocks bonds or securities OF al
/. kinds; and generally 20 engage IN any
business or affairs incidental or germane 10
. the objects and purposes herelnbetoTe spccl-
/ fically expires scd; and this corporation snail
/ have power and authority to conduct any
I and All business either for its own account
. " as the agent or representative OF otheTs
/ an rou-ui Ssiou, brokerage, or other basis OF
/ COMPENSATION. The President, or in case OF
his inability 10 act, one OF the Vice reSl-
dents Of the company shall be the proper per
,n upon whom citations or other legal pro-
. cess shall BE served
. ARTICLE III.-The capital stock OF thi:
/ ,,rD,rItinn Is hereby fixed at the sum OF
Two hundred and fifty thousand tS2'o0ool
/ Dollars divided into twenty-five hundred
. $500 shares 81 the par value OF One Hun,
/ irrd lSlJOOO Dollars each which stock shalI
be full paid and non-assessable at the time
Of the issuance.
No present or future stockholders shall ever
validity sell assign or transfer, other than
E by inheritance. any OF the capital stock OF
3 This corporation until the same sAa4l nave
been first offered TO the remaining stock
. r,lJa-s for the benefit of those stockholders
. sch, NAV desire to purchase the same through
the Board Of Directors, for the period OF ten
favs. at the book value Of such stock as
shown by the books Of this corporation on
. the Y,r dav Of May. last preceding the
late NJ such offer Il shall be the duty of
the Board Of Directors promptly upon re-
. ceiving an offer OF sale OF any OF the stock
. # this corporation to communicate the same
. to the stockholders in writing; through the
| Secretary Of the Company. and each OF the
/ Stockholders shall be entitled to purchase
such proportion Of the stock so offered tor
T sale as the number Of shares owned by MN
at the time bears to the number OF shafeS
owned hy all other stockholders desiring 10
participate in the purchase. No sale under
foreclosure attachment or other process or
bv virtue Of any power or attorney pledge.
Of hvpothccaton shall be validity made OF
any Of the stock OF this corporation until
the foregoing requirements have been com
piled with by the person or persons, firm or
corporation provoking such foreclosure or
sale The Board of Directors shall have au-
thOrity, however. to waive the ABOVE require
rnertS as TO any partular hypothecatlon or
pIedge OF stock. by resolution adopted at a
regular called meeting Of the Board OF Dr.
rectors, such resolution being adopted IN
, advance of the pledge or hypothecahons.
! ARTICLE IV-The business and affair;
: of this corporation SHAH be managed duo
conducted by a board of directors TO be
composed of not less than three nor more
= than seven stockholders las may be deter
I minded at each annual meeting for the en-
suing year. such directors to be elected by
ballot at the annual meeting OF stockholder:
IN the first dav Of June of each year, un
y less the same be legal holiday, when tht
: annual meeting shall be held on the mex
!. business day thereafter Immediately atte'
= each annual meeting ten Board Of Director:
; shall proceed to elect from thir own number
Il president one or more Vice Presidents anC
y Secretary Treasurer, and shall elect O.
| appoint such other officers and employees al
i NAV be necessary in their Judgment Tor tn'
\ proDer conduct of the business OF the cor
y noration; they shall fix the salaries OF al
; officers and employees, and shall have thu
. right to dismiss them at pleasure. All o
. the corporate powers o fthis corporation sinai
r. of Directors They shall have full power t
+ fill all vacancies in their number arisini
:, from anv cause. majority of the board
e shall constitute quorum for the TRANSACTION
!; Of any and all business. Notices OF STOCK
u holders meetings shall be given not les
1 than fifteen DAYS in advance thereof II
e writing addressed and mailed to each stock
r holder at his last known address Eacf
= share of stock may he voted by the stock
II holders in person, or by proxy, and shai
n he entitled TO one vote. The Board of Di
rectors NAV adopt such bylaws for the gov
u eminent of the corporation as may seem 4
n them advisable, and may amend or cancel thu
= same at will. At all directors meetings tn
e directors may vote by proxy as effectuall,
/, and validity as though present and acting ii
person
= That in all other respects the said origina
e charter is to remain in force and effect a
heretofore adopted, all as will more full;
II appear by reference to the proceedings had
h and the vote taken thereon at the meeting
n of the stockholders aforesaid a duly certified
copy of the minutes thereof being attache
to and made part hereof. Said appearer
further declared that, as will appear fror
30 che aforesaid minutes of the meeting of stock
T. holders Of said corporation, they were al
ii thorized, empowered and directed to appea
before a Notary Public for the purpose @
executing in authentic form the amendmen
of the said Articles One "a. Two (2), Thre
=. (5) and Four az of said charter, any the
- do now appear before me- said Notary, fo
the purpose of carrying out and giving eftet
to the resolutions adopted by the stock
holders amending the charter of said col
poration in the particulars hereinabove mer
toned and set forth, and to cause the sal
- amendment to be recorded and published a
required by law to serve and avail as tn
Iulult VI SldlI hCiSdlttI iSidHC"
Thus done and passed at my office i
~ the City of New Orleans. on the day, mont
i. and year first herenbefore written, in III
in presence Of Messrs. John d. Miller, an
ne Francis Eisler, competens witnesses. WI
n hereunto sign their names. together with th
he said appearers and me, Notary, after du
le reading of the whole.
ic Witnesses: John d. Miller, F. Eisler.
or Original Signed Chr. G. Hansen, Pres
he dent; Oscar Reeh, Secretary
ed CHAS. F. FLETCHINGER,
p- Notary Public.
81 I, the undersigned Recorder of Nor
We cages in and for the Parish of Orleans, Stat
nf of louisiana. do hereby certify that III
y. ~ above and foregoing amendment to the Cha
a. ter of The New Orleans Export Compan!
Lss Limited was this day duly recorded in m
~ office, in Book 1928 Folio -.
a New Orleans, La, March Is. 1919.
IS, (Signed) EMILE J. LEONARD, by. F
I I, the undersigned Notary Public, hereb
10 certify that the above and foregoing is
ID true copy of the amendment to the Charte
rs Of The New Orleans Export Company, Limi
n ed, as the same now appears on file an
IN of record in my office.
OF Witness my hand and Notarial Seal
re New Orleans, La, this 18th day of Marcl
y 1919
y CHAS F. FLETCHINGER,
i. Notary Public.