The herald., 1919-09-25
CHARTERS.
cHARER OF M. c. GELP1 AND CO., INC.

CHARER OF NJ. G. GELPl AND Gu, I'M
State of louisiana, Parish of Orleans, CITY
of New Orleans, Be it known, that on TINS
3Oth day Of the month of July in the year
of Our Lord One Thousand Nine Hundreu
and Nineteen; before me, James J. A tortieI'
Notary Public duly commissioned and qaaIi-
fled in and for the city and parish aio1esdiu'
therein residing and in the presence OF INC
witnesses hereinafter named and undefSigh,
ed. personally came and appeared the several
persons whose names are hereunto subscribed
and who severally declared that aVailing
themselves of the provisions OF the laws OF
the State Of louisiana relative TO the lorna
ZION of corpations. they have covenanted and
agreed, and do by these presents covenant ana
agree and bind themselves, as well as such
other persons as may hereafter become as
sociated with them to constitute and form
corporation and body polite in law, for the
objects and purposes and under the terms,
articles and stipulatons following, to.wit:
ARTICLE 1.-The name and title of this
corporation shall be IN. G. Gelpi & Co., Inc,
and by that corporate name 1t shall have and
enjoy succession for the period OF ninety nine
(99) years, and shall have all of the authorities
generally vested in corporations under the
law, and more particularly authorized to con-
tract, and be sued to maxi and use a
corporation seal, to make and issue bonds
and notes, to borrow and LEND
money; to sell, mortgage and lease and
transfer property in any of its forms; to EN-.
ploy agents, clerks or superintendent and |
other employees as the interest OF the com
pany may require; 10 make bylaws, rules and
regulations for the management of its affairs:
and to possess all of the powers granted and
intended to be granted TO corporations IN
general, and in order TO carry out the objects
and purposes of its organization.
ARTICLE 1.-THE domicile of this corpora
ton shall be in the city of New Orleans,
Parish of Orleans, State of louisiana, and
all citations other legal process shall be |
served upon the President, or in his absence,
upon the Vice President.
ARTICLE III-The objects and purposes
for which this corporation is formed and the
nature of the business to be carried on by II |
are hereby declared to be: To do a general
brokerage business; to buy and sell, import |
and export, and otherwise deal in coffee and
rice and the byproducts thereof and any other |
product or commodity for its account as
well as for others on a commission, such |
terms and conditions will seem best TO the |
Board of Directors and TO do any and all acts |
necessary Incidental to the proper and
effective conduct thereof.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum- of
Twenty Five Thousand Dollars (S25,OO0OO), |
represented by Two Hundred and Fifty shares |
of One Hundred Dollars 10000 each. to be
paid for in cash other valuable considera- |
ton to be determined, by the Board of
Directors.
The capital stock of this company may be
increased to One Hundred Thousand Dollars |
C$l00,WOO0 according to law.
This charter when recorded shall represent
the original stock subscription list required by |
law, and the subscribers thereto have res
pectively written opposite their names, the |
amount of stock subscribed by them in this |
corporation, and they have stated their post
office addresses so as to conform with act
No.67 of 1914
ARTICLE V.-All the corporate powers
of this corporation not reserved by law to the
stockholders shall be vested in and exer-
cised by a Board of Directors to be composed
of not more than three stockholders, a major.
ity OF whom shall constitute quorum to tran
sact business. Said Board of Directors shall
elect from their number a President, a Vice
President and a S ecretary- Treasurer The
Directors shall be elected annually by ballot
by the stockholders of the Company on the
second Saturday of August of each year and
until the annual election to be held in 1920
the said Board of Directors shall be composed
of Marched G. Gelp, David Burkenroad and
Niven ]. Gelpi. Should the annual stock
holders meeting not take place, as above
stated, the said Board of Directors shall hold
office until their successors have been elected
and qualified. Any vacancies occurring in
said Board shall be filled from other stock
holders by the remaining directors for the
unexpired term
ARTICLE VI-This Charter may be modi-
fled, changed or altered, or this corporation
may be dissolved with the assent of three
fourths of the capital stock represented at a
general meeting of stockholders convened fo-
that purpose, after ten days previous notice
shall have been given to each stockholder
mailed to his last residence. it appears
on the books of the Company.
ARTICLE VII.-No transfer of stock shall
be admitted or held to be valid, binding,
so far as the company is concerned, unless
made upon the books of the company. No
sale of stocks shall be valid unless such sale
is accompanied by written certificate signed
by the President, Vice President and
Secretary Treasurer of the company, to the
effect that such stock is offered to the remain
ing directors proportionately through the
Board of Directors at its book value for
period of ten days, and they have failed or
declined to purchase same.
Thus done and passed at my office in the
city of New Orleans on the day and date
herein first above written, in the presence of
l. II. c. Soanas and II. Bellott competent |
witnesses, who hereunto sign their names
with said appearers and me, Notary, after /
reading of the whole.
Witnesses: /. II. c. Solanas, II. Bellott. |
Original Signed NJ. G. Gelpi, 1926 n.
Lopez St. N. o., La. 50 shares; David
Burkenroad 52l4 Prytania ST., N. o., La, |