The herald., 1919-12-25
CHARTER.
CHARTER OF THE GULF TRADING
COMPANY, INCORPORATED.

tieth day of the month of November, il
the year of our Lord the One Thousand
Nine Hundred and Nineteen, and of thu
Independence of the United States OF
America, the one Hundred and Forty
third, before me, Arthur y. Moreno, No
tary Public, duly commissioned and
qualified, in and for this City and the
Parish of Orleans. therein residing, and
in the presence of the witnesses herein
after named and undersigned, personally
came and appeared the following persons
whose names are hereunto subscribed, to-
Cether with the amounts of their reSpec-
tive subscriptions to the capital stock OF
the corporation to be formed, who sew
orally declare that, availing themselves OF
the provisions of the general laws of the
State of Louisiana relative to the Organi-
cation of corporations, they have cove
nanted and agreed, and do by these pres
ents covenant and agree. and bind and
obligate themselves, as well as such other
persons as may hereafter become asso-
ciated with them or their successors, TO
form and constitute themselves into a cor
poration and body polite in law, and
for the objects and purposes and under
the agreements and stipulatiOns following,
to-wit:
ARTICLE 1.-The name and title of this
corporation shall be the Gulf Trading
Company, Inc, and by that name this
corporation shall have power and author
ity to have and enjoy succession for the
full term of ninety-nine years from the
date hereof; to contract, sue and be
issue its negotiable prOmissOry notes or
other evidences of indebtedness; to create
debts; to make and use corporate seal !:
TO purchase and receive. lease, hold, sell
and convey, as well as mortgage and by
pothecate property, real, personal and
Mixed to name and appoint such officers
and agents as the interest of said cor
pOratiOn may require; to make and eStab-
lish such bylaws and regulations for
the proper management and regulation OF
it's affairs as may be deemed necessary,
and the same to change, alter and amend
at pleasure.
ARTICLE 1.-THE domicile of this cor
poration shall be in the City of New Or
leans, Parish of Orleans, State of Louis
lana, and all citations and other legal
process shall be served upon the presi-
dent of this corporation and in the event
of his absence upon the vice president.
ARTICLE III.-The objects and pur-
poses for which this corporation is estab
lished and the nature of the business to
be carried on by it are declared to be TO
act as buying and selling agents for
merchants and manufacturers in the
United States and all foreign countries;
to buy and sell any and all cOmmodi-
ties to act as forwarding, export and fl
nancial agents; to establish and conduct
warehouses and to do all kinds of COM
mercial, brokerage and commission bust
ness; and in connection Herewith to own,
hold, lease, buy, sell or otherwise ac-
quire real, personal and mixed property
securities therefor, including negotiable
bonds, and to do any and all things nee
essary or incidental to the conduct of any
business or businesses this corpora
ton is authorized by its character to con-
duct; to hold and exercise all such Incl
dental powers and privileges relative to
objects heretofore set forth.
ARTICLE IV.-The capital stock of this
corporation shall be Twenty Thousand
($2O,000.O0) Dollars, divided into two hun
dred (2OO) shares of the par value of
One Hundred (S100O0 dollars each and
may be increased to the sum on One Hun
dred Thousand ($1O0,00O.00) Dollars, di
vided into one thousand 1,000) shares OF
the par value of One Hundred (S100.OO) |
Dollars each, and this corporation is to
be a going concern when One-half of the
capital stock of this corporation has been |
subscribed and paid for. Each share of
said stock shall be entitled to one vote, |
either in person or by proxy. at all gen |
eral elections or meetings of the stock |
holders.
ARTICLE V.-No stakeholder shall |
ever he held liable or responsible for the |
Indebtedness, faults or defaults of this |
corporation, nor shall any riere infor |
majty in Ihc organization of this corpora
ton have the effect of rendering the char !
terter null or of exposing the stockhold- /
ers to any liability beyond the unpaid |
balance. If any. On their stock subscrip> |
ton. No transfer of stock shall be made |
or held to be valid and binding unless |
made in pursuance of the provisions OF |
this charter. |
ARTICLE VI.-This corporation shall |
have all powers granted to such corpora |
tions by law and shall have the power |
to contract, sue and be sued in its cor
porate name and to own, hold, receive, |
loan, lease, purchase, sell and convey or
mortgage any and all of its effects, or |
to hypothecate its property and to do |
any and all acts and things of any other |
kind, nature or description as may be |
n objects
purposes of this business as its interest |
and conveniences may require.
ARTICLE VII.-The business of this |
corporation shall be directed by and vest |
ed in board of directors of three mem
bers, two of whom shall constitute a |
quorum for the transaction of business. |
The board of directors as first con-
stituted shall be composed of Solomon o. |
Scheyer, Juan r. Lopez and NJ. COnsuelo |
Scheyer and they shall hold office until
the first Monday in December, 1920, and |
on that day and on the same day there |
after each year elections shall be held |
for directors at the principal office Of |
the corporation and the election shall be |
held between the hours of ten and twelve |
a. IN. Failure to hold an election on the
date specified shall not dissolve the cor.
poration. but the directors shall hold their
respective offices until an election shall
be held after thirty days notice sof the
time and place thereof given to each stock
holder.
Notice of the stockholders meeting for
election of directors shall be given fifteen
days prior to the day of the meeting, in
writing, and shall be sent to each stock
holder at his last known address.
Solomon o. Scheyer shall be first presi-
dent, Juan r. Lopez shall be first vice
president and NJ. Consuelo Scheyer shall
be first secretary treasurer.
Directors may act either in person or
by proxy.
| .
ARTICLE VIII.-Whenever this cor |
poration is dissolved either by limitation
or Tor any other cause, its affairs shall
be nquitated by the board Of directors |
VINO are hereby vested with full power to
sell any and all assets of the CORPORATION
either separately or in a mass, and to
convey full and complete title thereto, and
snail have full power to do and perform I
all acts necessary and proper to fully and
completely liquidate the affairs and dis d,
tribute the proceeds. If any. among the t
stockholders of this corporation to the +
amount of stock held by each. t
ARTICLE IX.-This act of incorpora- d
ZION may be amended, altered and modi- i
ned or this corporation dissolved in the t
manner provided by law. L
ARTICLE Kin case of loss equal to 5
u ~ of the capital stock the ;
corporation shall be dissolved and liouid- [
ated at any time after one year
Thus done and passed. in my notariai
ofrlce, In the City of New Orleans on the
day, month and year first above written e
In the presence of ADelie Bennett and n
Ruth NJ. Seller, competent witnesses. who ?
hereunto sign their names, together with u
me parties hereto and me, Notary, after =
reading of the whole