The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-10
AMENDMENT TO CHARTER OF THE
NEW ORLEANS EXPORT COM
pANY limited

State OF Louisiana, Parish OtIrleans, City
of New Orleans. Be it known, that on this.
the twelfth day of the month OF March, IN
the year Of Lord, one thousand nine
hundred and nineteen, and of the Indepen-
dence OF the United States of America the
one hundred and fortythird; Before me,
Charles f. Fletchinger, a Notary Public,
duly commissioned and qualified, in and for
the parish and State oforesaid. and in the
presence of the witnesses hereinafter named
and undersigned; personally came and APP
peared, Christian G. Hansen and Oscar
Reeh. hereto appearing in their respective
capacities as President and Secretary of the
stockholders meeting of March II, 1919, OF
the New Orleans Export Company, Limited
a corporation created. organized and existing
under and by virtue OF the laws Of the
State of Louisiana, by an act Of incoTpora-
ton passed before Charles I. Soniat, late
Notary Public OF the City of New Orleans,
dated October !, 1901, recorded IN the Mort
gage Office for this Parish in Book 60. folio
-, which said appearers severally declared
that at a special meeting Of the shareholders
Of The New Orleans Export Company, Lin
tied, held at the domicie of said corporation
in the City of New Orleans, under date Of
March 18th. 1919, al which meeting there
present, in person, each and every
shareholder of said corporation. Upon motion
duly made and seconded, Articles One Q).
Two (). Three CD and Four ca of the ORR
ginal charter of said corporation were by
unanimous vote of all the stockholders modi-
to-wt:
ARTICLE 1.-The name and style of this
corporation shall be The New Orleans Ex-
port Company, Limited, and the place chosen
for its domicile is hereby declared TO be
the City of New Orleans, State of Louis
lana, and under said corporate name this
corporation shall have the right to sue and
be sued, and to contract, and shall have all
the powers, rights and aurnority conferred
by the laws of the State of Louisiana on
~ ind III Oh II
shall have and enjoy succession for a period
of ninety nine (99) years from and after the
date of this Act.
ARTICLE 1.-THE objects and purposes
for which this corporation is established and
the nature of the business to be carried on
by it declared and specified to be to
carry on a general importing and exporting
business; to buy, sell, or otherwise deal in,
prepare manufacture, and handle cotton
cotton goods, cotton seed products, grain
bran, oils and fats and all kinds of mer-
chandise. of every character whatsoever; TO
buy, sell, own, handle, manage, operate and
charter vessels and water craft of any de-
scription; to act as brokers in connection
with any shipping or transportation bust
ness, and TO act as stevedores; to buy. sell.
own, lease, conduct and manage public or
private warehouses, wharves or docks; to
buy, sell, own. or otherwise deal in or
handle stocks, bonds or securities of all
kinds; and generally to engage in any
business or affairs incidental or germane 20
the objects and purposes hereinbefore speci-
fically expressed; and this corporation shall
have power and authority to conduct any
and all business either for its own account,
or as the agent or representative of others
on commission, brokerage, or other basis of
compensation. The President, or in case of
his inability TO act, one of the Vice Presi-
dents of the company shall be the proper per-
son upon whom citations or other legal pro-
cess shall be served.
ARTICLE II1.-The capital stock of this
corporation is hereby fixed at the sum of
Two hundred and fifty thousand (S250OOO
Dollars divided into twenty-five hundred
(ZSOO) shares of the par value of One Hun
bred Csl000O Dollars each which stock shall
be full paid and worcestershire at the time
of the issuance.
No present or future stockholders shall ever
validity sell assign or transfer, other than
by inheritance, any of the capital stock of
this corporation until the same shall have
been first offered to the remaining stock
holders for the benefit Of those stockholders
who may desire to purchase the same through
the Board OF Directors, for the period of ten
days, at the book value of such stock. as
shown by the books of this corporation on
the 3lst day of May. last preceding the
date OF such offer. 1t shall be the duty of
the Board of Directors promptly upon re-
ceivlng an offer of sale of any of the stock
OF this corporation to communicate the same
to the stockholders in writing; through the
Secretary of the Company. and each of the
stockholders shall be entitled to purchase
such proportion Of the stock so offered for
sale as the number of shares owned by him
at the time bears to the number of shares
owned by all other stockholders desiring to
participate in the purchase. No sale under
foreclosure attachment or other process, or
by virtue of any power or attorney, pledge.
of hypothecation shall be validity made of
any of the stock of this corporation until
the foregoing requirements have been COM
piled with by the person or persons. firm or
corporation provoking such foreclosure OF
sale. The Board of Directors shall have au-
thority, however, to waive the above require
ments as to any partiular hypothecation or
pledge OF stock, by resolution adopted at a
regular called meeting of the Board of Di-
rectors. such resolution being adopted in
advance Of the pledge or hypothecations.
ARTICLE IV-The business and affairs
OF this corporation shall be managed and
conducted by a board of directors to be
composed OF not less than three nor more
than seven stockholders as NAV be deter
minded at each annual meeting for the en- |
suing year. such directors to Be elected BY |
ballot at the annual meeting of stockholders |
IN the first day of June of each year, un-
ess the same be legal holiday, when the |
annual meeting shall be held on the next
BUSINESS day thereafter Immediately after
ach annual meeting ten Board of Directors
hall proceed to elect from thir own number