The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-04
CHARTER.

period OF ninety nine years from date hereof
unless sooner dissolved by liquidation or
otherwise. Il shall have power to contract TO
sue and be sued; to make and use a corpor
ate seal, and to alter and break the same at
pleasure. To hold, receive, lease, purchase,
transfer. assign, mortgage, hypothecate
pledge or otherwise dispose OF, properly real,
personal or mixed corporeal and lncOrporeal;
to issue bonds and. If desired, TO secure same
by mortgage; 10 hold stock in other companies;
to name and elect officers and directors; 10
make and establish. alter and amend. bylaws
rules and regulations FOR its proper govern
meut. as may be deemed necessary and prop
er for the extension OF the business IN winch
the corporation is engaged.
ARTICLE 1.-THE domicile Of this corpora
ton shall BE in the City OF New Orleans
State OF Louisianna and service OF process
shall be made upon the President. or. in his
absence. upon a Vice President.
ARTICLE III.-The objects and purposes
for which this corporation Is organized and
created and the nature Of the business TO he
carried on by it declared to be as follows:
To engage in a general ship chandlery, FUR
nishing and supply business as principal
and agent: to engage in the business OF
buying. selling, and dealing generally in, as
principal and agent. all kinds. classes and
varieties Of marine and ships supplies, pro-
visions machinery, hardware, tackle, apparel.
furniture, equipment. etc: to engage IN the
business, as principal and agent, OF buying
selling and generally dealing IN hardware, snip
chandlery. paints railways and mills supplies.
and in supplies Of merchandise. food, refresh
mentS for ships; to engage IN the business OF
buying and selling goods. wares products and
merchandise as principal or agent or bo.h' ana
to act as general selling agent; 10 import ana
export goods, wares. produce ana merchandise
Of every description and kind and paru-
nd brak fpr
selling on commission or otherwise OF the
said goods wares and products; and in con
nection Herewith. to engage in general busI-
ness at wholesale and retail. as principal or
agent or both. in all lines OF hardware, fur
nishings and supplies, TOR ships, ship yards
NJ CIV anu ~ ,be
t. .S.r,,..;,,, :; ,,,;s;-,,,, o,d
III .ba I-;+a5 C+,+es and !, foreign
.,+;s.' .-,J re,ar,II,, = do and ne-for,n all
-. ,-,;,-a,t a-,d ;1c;da,+ ard which may
he S-o1e- ard necessary IA carry ont and
tx.r,,e tho ohiects and nurnoses hereinaboye
enumerated
ARTICLE lN-Ihe capital stock OF inns
corporation IS hereby liked at the sum oil
Twelve Thousand FIVE hundred tSI@3poo
Dollars, and shall be divided into and re-
presented by one hundred and twenty five
(l25D shares OF common stock, OF the par value
OF One Hundred SlOOO) DollareS each Sald
stock shall be paid tor IN cash, or by property,
or service actually rended to the corporation
or other equivalent OF cash as provided Dy
law, and in such manner and at such times
and in such lnStallnents as may be pres
cribed by the Board of Directors. This cor.
poraton shall become going concern and
shall be authorized to commence business as
soon as fifty per cent OF It's capital STOCK
shall have been subscribed and nifty per cent
OF all stock subscribed Tor shai! IN 1act nave
Deen Paid IoT eitTer IN CasI VI ~ Gun dlea.'
AKlIILE N.-lhe cdPltdl Stoeh VI ms SoI
poration may be increased TO the sum OF fhty
lnousaha $N,o'oVV DoildIs ny Eote u W.
thirds OF an the STOCK present VI lePI e
at sPecial meeting cdlleu ioi ma pun PoSe u
at regular annual meeting Oh 'he coEPo'"'io"
ARTICLE NI-All certificates of stock is
sued by ms corporation shdll De SiSheu oy
me ftesldeht ana oouhlel 9isHeu ny nc w
resident, OF II autho'iIe1 py !esoiI'ton %
inc podiu Vi L'e o"ai % Is ~ ~
PRESIDENT ana couiteis'SIeu oy 'iie IeNIe.alS
ana lredSulet' nc s,ooN VI III 80 10y
can De transferred Only on INC oooNs "a ''e
corporation ana SUBJECT 10 Such reguldt,ons
anu ai lollndtl'Ies as may De ,,iS NJ
D'eCtoiS FORM ti"G ~ tl-Ie - III
Stoo Niloiue'S S"H'i - -. ST.,
otEei NiSe ui'poso u No 80, " - -
stacLbeiders ,hromgb the RoaTd Of Directors
At nrice not exceeding the book value
thereof: and said stockholders. in proportion
IN their holdings, shall have an option and
first right to purchase all the shares of stock
to be thus disposed of by sale or otherwise of
any of the stockholders, and shall have
period of ten days in which to accept or de-
cline said offer Should the stockholders de-
clipe to purchase said stock, then such stock
holder is at liberty to sell dispose OF the
stock, and may do SO in any manner and at
any price he may deem fit. Each share Ct
stock is issued hereinupon the condition ana
understanding that no stakeholder shall sell
or otherwise transfer his stock in violation
hereof, and any such sale or transfer II made
shall be void, and this corporation shall be
under no obligation TO list said stock on It's
books or to regard the holder OF the certlflca'e
thereof.
Article VII Tbo o,-no-,+ad noyers of
~. I1-ra-a.;a, sh,r he yasted in and eyer
ssoa L,r Rn,rd ~ four Directors thre. OF
-, al aaost;.,,+s . o,,or,,,, f,r the tran
49, I,,,s;,ss IT, d;-actors NJ The
l ls.o.. =. -. :; -, ~ h., ,,-i,ter
W poi go % ,ba -ee+,g, NJ