The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-18
CHARTERS.
cHARER OF M. C. GEIPI AND CO., INC.

CHARER OF NJ. G. GELPI AND CO., INC.
State Of louisiana, Parish of Orleans, City
OF New Orleans, BE il known, that on this
Goth day of the month of July in the year
OF Our Lord One Thousand Nine Hundred
and Nineteen; before me, James J. a. Fortler,
Notary Public duly commissioned and quail
fled in and for the city and parish aforesaid,
therein residing, and in the presence OF the
witnesses hereinafter named and undersgn-
ed, personally came and appeared the several
persons whose names are hereuntO subscribed,
and who severally declared that, availing
themselves of the provisions OF the laws Of
the State Of louisiana relative to the forma
ton OF corpations, they have covenanted and
agreed, and do by these presents covenant and
agree and bind themselves, well as such
other persons as may hereafter become
ISOLATED with them to constitute and form
corporation and body polite in law, for the
objects and purposes and under the terms,
articles and stipulations following, to wit:
ARTICLE 1.-The name and title of this
corporation shall be IN. G. Gelpi & Co., Inc"
and by that corporate name it shall have and
ENJOY succession for the period OF ninety-nine
(g9) years, and shall have all of the authorities
generally vested in corporations under the
law, and more particularly authorized TO con-
tract, sue and be sued; to make and use a
corporation seal, TO make and issue bonds
and notes, to borrow and lend
money; TO sell, mortgage and lease and
transfer property IN any of its forms; 10 en-
ploy agents, clerks or superintendents and
other employees the interest OF the com
pany may require; to make bylaws, rules and
regulations for the management of its affairs, !
and to possess all of the powers granted and
intended to be granted TO corporations in
general, and in order to carry ont the objects
and purposes of its organization.
ARTICLE 1.-THE domcie of this corpora
ton shall be in the city of New Orleans, |
Parish OF Orleans. State OF louisiana and |
all citations or other legal process shall be
served upon the President, or in his absence |
upon the Vice President.
ARTICLE III.-The objects and purposes
for which this corporation is formed and the |
nature OF the business to be carried on by it |
are hereby declared to be: To do a general
brokerage business; to buy and sell. import
and export, and otherwise deal in coffee and |
rice and the by-products thereof and any other
product or commodity for its own account as
well as Tor others on a commission, on such /
terms and conditions will seem best to the
Board OF Directors and to do any and all acts
necessary or Incidental to the proper and
effective conduct thereof.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
Twenty Five Thousand Dollars tS25,OOOOO,
represented by Two Hundred and Fifty shares
OF One Hundred Dollars 10000 each, to be
paid for in cash other valuable considera-
ton TO be determined, by the Board of
Directors.
The capital stock of this company may be
increased TO One Hundred Thousand Dollars
tSl0ooOO0 according to law.
This charter when recorded shall represent
the original stock subscription list required by
law, and the subscribers thereto have res
pectlveIy written opposite their names the
amount Of stock subscribed by them in this
corporation, and they have stated their post
office addresses so as to conform with act
No267 of 1914.
ARTICLE V.-All the corporate powers
OF this corporation not reserved by law to the
stocEhoIders shall be vested in and exer-
clsed by a Board of Directors to be composed
OF not more than three stockholders, a major
ity of whom shall constitute a quorum to tran
sact business. Said Board of Directors shall
eject from their number a President a Vice
PRESIDENT and a S ecretary-Treasi1rer The
directors shall be elected annually by ballot
by the stockholders of the Company on the
second Saturday of August of each wear and
until the annual election to be held in 1920 {
the said Board of Directors shall be composed
Of Marched G. Gelp. David Burkenroad and :
Niven ]. Gelpi. Should the annual stock
holders meeting not take place, as above
stated, the said Board of Directors shall hold
office until their successors have been elected
and qualified. Any vacancies occurring in
said Board shall be filled from other stock =
holders by the remaining directors for the !
term ,
ARTICLE Vl.-This Charter may be modi- I
fled, changed altered, or this corporation [
may be dissolved with the assent of three
fourths of the capital stock represented at a
general meeting of stockholders convened for {
that purpose, after ten days previous notice !
shall have been given to each stakeholder
mailed to his last residence, as it appears
on the books of the Company.
ARTICLE VII.-No transfer of stock shall {
be admitted or held to be valid or binding, :
so far as the company is concerned, unless 4
made upon the books of the company No !
sale of stocks shall be valid unless such sale
is accompanied by written certificate signed +
by the President, Vice President and !
Secretary Treasurer of the company, to the a
effect that such stock is offered to the remain
ing directors proportionately through the
Board of Directors at its book value for a $
period of ten days, and they have failed or +
declined to purchase same. q
Thus done and passed at my office in the c
city of New Orleans on the day and date @
herein first above written, in the presence of /
/. II. c. Solanas and H. Bellott. competent q
witnesses. who hereunto sign their names 4
with said appearers and me, Notary, after
reading of the whole.
Witnesses: I. II. C. Solanas, H. Bellott. e
Original Signed M. G. Gelpi, 1926 ~ /
Lopez St., n. O., La, 50 shares; David a
Burkenroad 52l4 Prytania St, N. o., La, ?