The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-18
CHARTER.
CHARTER OF THE GULF TRADING
COMPANY, INCORPORATED.

leans BE il known, That on this TWEEN
tieth day of the month of November, in
the wear of our Lord the One Thousand
Nine Hundred and Nineteen, and of the
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 ana
in the presence of the witnesses herein-
after named and undersigned, personally
came and appeared the following persons
whose names are hereunto subscribed, to-
gether 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 orgam-
cation of corporations, they have cove
nanted and agreed, and do by these pres
ents covenant and agree and bind ana
obligate themselves, as well as Such other
persons as may hereafter become aSso-
ciated with them or their successors. 10
form and constitute thcmSely into cor
poratiOn and body polite in law, ana
for the objects and purposes and under
the agreements and stipulatiOnS following,
t0-wit:
ARTICLE 1.-The name and title of this
CORPORATION shall be the Gulf Trading
Company, Inc. and by that name TINS
corporation shall have power and author
ity to have and enjoy succession Tor the
full term of ninety years from the
date hereof; to contract, sue and be
sued to borrow money; to make ana
issue its negotiable prOmiSSory notes or
other evidences of indebtedness; to create
debts: to make and use Il corporate seal;
to purchase and receive, lease, hold. sell
and convey, well as mortgage and ny
pOthecate property, real. personal ana
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 Tor
the proper mana gement and regulation or
of atp may n V,
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 preSl-
dent of this corporation and i'll the event
of his absence upon the vice-preSldent.
ARTICLE IU.-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 10
act as buying and selling agents Tor
merchants and manufacturers i'll the
United States and all foreign countries
to buy and sell any and all commodi-
ties; to act as forwarding. export ana IL
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-
quirC real. personal and mixed properly
of all kinds; to borrow money, to execute
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.-Thc capital stock of this
corporation shall be Twenty Thousand
($20O O0OO) Dollars. divided into two hun
dred (200) shares of the par value OF
One Hundred (S10000 dollars each and
may be increased to the sum on One Hun
drcd Thousand ($100,000.00) Dollars. di-
vided into one thousand $1,000 shares OF
the par value of One Hundred (SlOOOJ)
Dollars each and this corporation Is TO
be a going concern when one-halt 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 auJ riere infor-
rIa.ity in rho 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 subscrlP,
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
necessary to carry out the objects and
purposes of this business as its interest
and conyeniences may require.
ARTICLE VH-The business of this
corporation shall be directed by and vest
cd in board of directors of three mem
bers, two of whom shall constitute
quorum for the transaction of business.
The board of directors as first con-
stituted shall be composed of Solomon o.
Scheyer, Juan II. 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 of 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 X. 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
- a 81 kI,n, - .NNA.o
or for any other cause. its affairs shall
be liquitated by the board of directors
who are hereby vested with full power to
~nIRell any and all assets of the corporation
Der separately or in mass and to
Eey full and complete title thereto. and
Ill have full power to do and perform
vi acts necessary and proper to fully and
completely liquidate the affairs and dis
tribute the proceeds. if any. among the
stockholders of this corporation to the
amount of stock held by each.
ARTICLE IX-This act of incorpora-
tion may be amended altered and modi-
fled or this corporation dissolved in the
manner provided by law.
ARTICLE Kin case of loss equal to
one-third q f3) of the capital stock the
corporation shall be dissolved and LIQUID
ated at any time after one year.
Thus done and passed, in my notarjaI
office in the City of New Orleans, on the
day, month and year first above written
in the presence of Azelie Bennett and
Ruth NJ. Seller, competent witnesses. who
hereunto sign their names. together with
the parties hereto and me- Notary, after
reading of the whole