The herald., 1919-03-13
CHARTERS.

mortgage; to make and issue notes and
other certificates of Indebtedness; TO name.
elect and appoint managers, directors, clerks
and other employees to properly conduct Its
corporate business, and to make such by
laws, rules and regulations as may be neces-
sary or found desirable for the management
of its business and affairs, and generally TO
do every other act, matter thing neces-
sary or desirable for the complete and proper
carrying out Of said business.
ARTICLE II.-The domicile OF this corpo-
ration shall be at the City of New Orleans,
in the Parish of Orleans, State OF Louis
lana, where all citations other legal process
shall be served upon. the president or in his
absence on the vice-presldent, and in the
absence of both on the Secretary Treasurer.
ARTICLE III.-The objects and purposes
for which this corporation is organized and
the nature of the business to be carried on
by it are hereby declared and stated to be:
To buy, sell and deal in general merchan-
disc of every kind and character, and to do
a general merchandise business, including that
of buying and selling on commission
basis and for itself; to do a general import
ing and exporting business, both domestic
and foreign; to build, own, lease and operate
storerooms or warehouses TOR the storage of
merchandise, cold storage purposes; to
store goods of all kinds in such store-rooms
or warehouses for itself and others, and to
make reasonable charges for service in storage
of goods; to issue receipts in exchange for
| goods stored and to dispose of said goods for
account of the owners thereof upon their
| failure to comply with the conditions of such
storage contract; to make loans on goods
stored either in the stOre-rooms warehouses
| of the corporation others, and to issue
| notes and other securities in the purchase of
! goods; to represent others as agent or other
wise in the same line or similar lines OF
/ business; to act as manufacturers agent and
/ to receive and sell goods on consignment; to
acquire and own stock in other corporations ;
( and, generally, to do and perform any and
| all things necessary or convenient to carry
on said objects and purposes.
! ARTICLE IV.-The capital stock of thi $
corporation is hereby fixed at Twenty thou
| sand ($20OOO.00 dollars. divided into two
| hundred 600 shares of the par value of one
| hundred $4,000 dollars each, provided, that
| the amount to which the capital stock of
this corporation may be increased shall be one
hundred thousand (S1OOOOO dollars. One hun
| dred nd twenty 020) shares, or twelve thou
sand (Sl2,o000 dollars of the capital stock
of this corporton must be subscribed before
the filing OF the articles of Incorporation.
| The subscribed capital stock of this corpo-
ration shall be payable in cash, property
(real or personaD, or for labor and services
rendered and performed. No stockholder
! shall ever be held liable or responsible for
the faults, contracts or debts of this cor
poration in any further sum than the I'M
paid balance d~e the corporation on the
| shares of stock subscribed by him, nor
| shall any mere informality in organization
null, or of exposing any shareholder to any
| liability whatsoever This corporation shall
not engage in business until one hundred and
twenty QAl shares, or twelve thousand
dollars of the capital stock shall have been
subscribed, and sixty 900 shares. or six
thousand (s6,0O0OO dollars of the capital
stock have been issued and paid in, in cash.
IT, IN addition, any stock of this corporation
for property. or good will in that event the
provision of Sec. Of Act 267 of 1914. shall
be complied with strictly.
| ARTICLE Vail the corporate powers of
this corporation shall be vested in and ex-
| ercised by a Board of Directors composed OF
five stockholders, each of whom shall own
in his own right, during his term of office
at least one full paid share of stock, ma
lority of whom shall constitute quorum
for the transaction of business The officers
of this corporation shall consist of Presi-
dent, Vice-President, and Secretary-Treas-
urer. All of whom shall be members OF
the Board of Directors The offices of Sec.
rotary and Treasurer may be combined in
named persons shall constitute the first
Board Of Directors, to-wit: Samuel A.
Davis. Jr.. Bogalusa, La: Charles E. Smith
1estrehan P o., La; Ephriam Rosenberg
Earl Bruce Rowan p Morgan Boulevard
New Orleans. La. and Otto F. Briede, 2621
Magazine ST., New Orleans. La, all resi-
dents Of the State of Louisiana. and domi-
| ciled AT the ADDRESS above stated with Sam
uel A. Davis. Jr., as President; Charles f.
Smith. as Vice-President and Earl Bruce
Rowan, Secretary Treasurer. and these
directors and officers shall hold office until
the second Monday OF January. 1920. or until
| their successors duly elected and quail
fled. Thereafter the directors shall be elect
ed annually on the second Monday of Janu-
airy of each year. and they shall elect their
own officers; all elections of directors shall
be by ballot, and each stockholder shall be
entitled to one vote for each share of stock
standing in his name on the books Of this
corporation. this vote to be cast in person
or by written proxy. and it shall require
a majority OF the stock present or repre-
sented TO elect The directors shall have the
right to increase their number TO seven.
Failure to hold an election for directors on
the second Monday Of January. 1920, or an
nually thereafter. shall not work a forfeit
! Directors shall remain in office until their
SUCCESSORS are duly elected and qualified.