The herald., 1920-01-08
CHARTER.
CHARTER OF THE GULF TRADING
COMPANY, INCORPORATED.

lana Parish OF Orleans, tlty Vi new VI
leans. Be 1t known, That on this TWEEN
,;a,h day of the month of November, in
tLe year Of our Lord the One Thousand
Nine Hundred and Nineteen, and or tht
Independence of the United states oi
America, the one Hundred ana fOrty'
tbird before me, Arthur a. Moreno, No
tary Public, duly commissioned ahu
qualified In and for this city ana IN,
Parish of orleans, therein residing, AUG
in the presence OF the witnesses herei ,Ir
came and appeared the following persons
whose names are hereunto subscribed, 10
gether with the amounts Oh their resp
tive subscriptions to the capital STOCK OF
the CORPORATION to be formed, who sew,
eralIy declare that, ayailing themselves OF
the provisions OF the general laws OF TINS
state of Louisiana relative to the organl
zation Of corporations, they nave cow
nantod and agreed, and DO oy 'hJse pre- nT
ents covenant and agree, ana blnd ahu
oblipate themselves as well as such othei
persons as may hereafter become asso-
ciated with them or their successors, tc
form and constitute themselves INTO cor,
poration and body polite In law, ana
Tor the objects and purposes and nnder
the agreements and stipulations folio"lhg'
t0-wit:
rorporatfon shall be the Gulf Iradlne
Company Inc, and by that name inns
CORPORATION shall have power and author-
ity TO have and enjoy succession Ior the
full term Of ninety-nine years IRON the
date hereof; to contract, sue anu DC
sued TO borrow money; to make ana
issue its negotiable promissory notes OF
other evidences Of indebtedness; 10 create
debts: TO make and use a corporate scar
10 purchase and receive, lease, hold; sen
and convey, as well as mortgage and by
potbecate property, real, personal anu
mixed; TO name and appoint such oiilcerS
and agents as the interest OF sald cor
poration may require; TO MAKE ana es's ~
hu- lQu
the proper management and regulation OF
it's affairs as may be deemed necessary;
and the same to change, alter ana aIhehu
at pleasure.
poratIon shall be in the City Of New or
leans, Parish Of Orleans, state or Louis,
lana and all citations and other iegaI
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 estaD-
lished and the nature OF the business 10
be carried on by 1t are declared to be 10
act as buying and selling agents Tor
merchants and manufacturers in the
United States and all foreign countries
=, to buy and sell any and all common
ties; to act as forwarding. export ana ~,
warehouses and to do all kinds OF com i
mercial, brokerage and commission Dusi-
ness; and I'm connection Herewith TO own,
hold. lease. buy, sell or otherwise &C.
auirc 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
tion Is authorized by its character to con-
duct: TO hold and exercise all such tnci-
dental powers and privileges relative TO
objects heretofore set forth.
ARTICLE Iv.-The capital stock of this
kaI no Twenty TlOuSanO
$50 ,0O0O0) Dollars, divided into two hun.
dred (200) shares of the par value OF
One Hundred ($l00O0) dollars each ana
may be increased TO the sum on One Hun,
yided into one thousand 0,0OO) shares OF
the par value Of One Hundred C$l0O.OO)
Dollars each, and this corporation Is 10
bs a going concern when one hair 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 y.-No stockholder shall
ever be held liable or responsible for the
Indebtedness, faults or defaults OF this
CORPORATION, nor shall any mere infor-
pa!ity In ,hc organization Of this corpora
ton have the effect of rendering the char
terrier null or of exposing the stockhold.
ers 10 any liability beyond the unpaid
balance II any, on their stock subscrfp>
ton. No transfer of stock shall be made
or held to be valid and binding unless
made in pursuance of the provisions oil
this charter.
ARTICLE vL-This corporation shall
have all powers granted to such corpora
lions by law and shall have the power
to contract. sue and be sued In its cor
porate name and to own, hold, receive
mortgage any and all OF its effects, Of
to hyPothecate Its property and TO a.
any and all acts and things Of any othe
kind, nature or description as MAJ b
purposes Of this business as its interes
and conveniences may require.
ARTICLE vII.-The business Of thi
CORPORATION shall be directed by and vest
ed In q 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 c
Scheyer, Juan II. Lopez and NJ Consuel
Scheyer and they shall hold office unit
the first Monday in December, 1920, an
on that day and on the same day there
after each year elections shall be hel
for directors at the principal office {
the corporation and Sthe election shall b
held between the hours Of ten and twelv
a. m. Failure to hold an election on tn
date specified shall not dissolve the col
poration, but the directors shall hold thei
respective offices until an election sha
he held after thirty days notice of III
time and place thereof given to each stock
holder.
Notice Of the stockholders meeting 70
election Of directors shall be given hftee
days prior to the day Of the meeting. 4
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 hrst secretary treasurer.
Directors may act either in person o.
by proxy.
ARTICLE vIII.--whenever this cor
poration Is dissolved either by Limitation
or for any other cause, its affairs shaI
be liquitated by the board Of directors
who are hereby vested with full power Il
sell any and all assets Of the corporation
either separately or In mass. and Il
convey full and complete title thereto. and
shall have full power to do and perform
all acts NECESSARY and proper TO fully and
completelyp 1iquidate the affairs and dis
tribute the proceeds, n any, among thu
stockholders OF this corporation to TIM
amount OF stock held by each.
ARTICLE Ix.-This act of incorpora
ton may be amended, altered and modi
fed or this corporation dissolved in tn
manner provided by law.
ARTICLE Kin case of loss equal Z,
one third Il ~ of the capital stock. thu
corporation shall be dissolved and liquid
sted at any time after one year.
Thus done and passed, in my notaria
office in the City OF New Orleans, on tn
day, month and year first above written
In the presence of Apelie Bennett ant
Ruth NJ. Seller, competent witnesses, VIII,
hereunto sign their names. together witt