The herald., 1919-12-11
CHARTER.
CHARTER OF THE GULF TRADING
COMPANY, INCORPORATED.

United States of America, State of Louis
iana Parish of Orleans, City of New Or
leans. Be it known, That on this TWEEN
tieth day of the month of November, in
the year 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 A. 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-
gether with the amounts of their reSpec-
tive subscriptions to the capital stock OF
the corporation to be formed, who sew
orally declare that, ayailing themselves of
the provisions of the general laws of the
State of Louisiana relative to the Organi-
ZatiOn 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
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
sued; to borrow money; to make and
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 ny
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-
fish such bylaws and regulations for
the proper management and regulation of
its 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 otherwise ac-
quire real, personal and mixed property
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 |
duet; 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 |
$3.50 0O0.00) Dollars, divided into two hun |
dred (200) shares of the par value of
One Hundred ($10000 dollars each and |
may be increased to the sum on One Hun
dred Thousand (S100,O00.OO) Dollars di-
vided into one thousand (1,000) shares of
the par value of One Hundred ($10000) |
Dollars each and this corporation is to
be 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 I
ever be held liable or responsible for the
indebtedness, faults defaults of this
corporation, nor shall any mere infor-
rra.ity in rhr organization of this corpora
tion 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 or
this charter.
ARTICLE yI--This corporation shall
have all powers granted to such corpora
tons 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 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 n
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. m. 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 prier to the day of the meeting in
writing, and shall be sent to each stock
holder mt 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
De nqu1tated by the board of directors
VINO are hereby vested with full power TO
sell any and all assets of the corporation
eitR6GAseparately or in a mass, and TO
pull and complete title thereto and
ge full power to do and perform
necessary and proper to fully and |
tely liquidate the affairs and dis
ute the proceeds, If any, among the1
stockholders of this corporation to tbe
amount of stock held by each
ARTICLE IX-This act of incorpora- !
ton may be amended, altered and modi-
ned or this corporation dissolved in the
manner provided by law.
ARTICLE Kin case of loss emma, IN y
one-third q ~ of the capital stock. the
corporation shall be dissolved and LIQUID
ated at any time after one year
Thus done and passed. in my notariaI
office in the City of New Orleans on the |
day, month and year first above written e
In the presence of Azelie Rennett ana | n