The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-11
CHARTER OF THE MERCHANTS TRAD
ING COMPANY MOOR
PORATED.

The wear of our Lord one thousand nine .
hundred and twenty, and Of the inde-
peudence OF the United States OF America
the one hundred and fOrty-fourth, before .
me RuSSipre ROuen, notary pubic IN
and for the parish of Orleans, state OF
Louisiana. duly commissioned, sworn ana
qualified. and in the presence or the VII
neSseS hereinafter named and Undersigned
personally came and appeared:
The several persons whose names are
hrrrunto subscribed. all of the full age
of majority who declared that, awaiting
themselves of the provisions of the laws OF
this state relative to the organization ot
CORPORATIONS. and more particularly Act
No 26T of the General Assembly OF TINS
state, approved July 9th. 1914; they nave
Cgyenantcd and agreed and do, by these
presents, covenant and agree, anu blhn
themselves to constitute for themselves as
well as such persons aS may hereafter pc
come associated with them. corporation
and body polite i'll law, Tor the OBJECTS
and purposes, and under the sIpulatlohs
following. tO-wit:
ARTICLE 1.-The name and title OF TINS
CORPORATION shall be: Merchants IradlhS
Company, Incorporated. and, under that
name il shall have and enjoy all the rights.
privileges and advantages granted by law
to corporations; it shall exist for P"rlod
of ninety nine years from this day; IL
shall have the power to contract sue ana
be sued in its corporate name; 10 make
and use a corporate seal and the same 10
| break or alter at pleasure 10 hOld' re-
ceiye, purchase. convey, mortEaEt' ny
f pOthecate or pledge property, bOth rtii
and pprSonaI; to issue bonds. notes ana
other obligations or negotiable lhStru-
/ ments: TO have and employ Such managers
| directors Officers, agents ana other en-
! rIoyppS as the interests ana convenience
of said corporation may require or De
mand; to make and establish Such by
| laws, rules and regulations for the corpor
/ alto management and control OF the al
I fairs of the corporation rs may nc "''i''H
| necessary and pNpedlPnt.
ARTICLE 1.-THE dOmicile of this cor
poration shall be established IN the city
of New Orleans state of LOul>laha' anu
all CITATIONS and other legal process snail
no served on the president, in his absence
on the vice president. and i'll case OIL the
absence of both on the treasurer.
/ ARTICLE UI.-The objects and pur-
noses for which this corporation Is OF
/ ganiZed and the nature of the business 70
! he carried on by il are hereby declared 10
he. to buy and sell, import and export
/ prepare deal and trade i'll foreign anu 40
| nestle commodities. foods goods OF thlnS
and TO do generally n wholesale Srocers
and provision merchants business anu
/ generally to do. and engage IN, any olhtI
business. undertaking or enterprise con
nccted with, growing OUT Oh, Str"i hareiO.
! above set forth or contemplated by THIS
| charter.
! ARTICLE Iy.-The capital stock of this
! corporation is hereby fixed ut the sum Oh
/
divided into. and represented by two nun
| Jred and ninety C29O) shares of the par
TaIme of one hundred dollars (slOO.Oo
| each payable in cash at the time OF sun
scription.
An shares of stock shall be full paid
and worcestershire. This corporation shali
have the right to increase its capltal
stock to the sum of one hundred thou
sand dollars (SloO.OOOOoJ.
No transfer of stock shall be binding
NIL m
tho hooks: and all certificates OF STOCK
| shall he signed by such officers as may
no designated by the Board of Directors
ARTICLE y-AH the corporate powers
of this corporation shall be vested III, anu
? the management and control Oh lIs az
, fairs shall be exercised by Board OF III
, rectors composed of five stockholders; the
membership of which Board may De IN
$ creased to number hot eAceeui nI Of is
! by the Board of Directors, ut an! Oh az
: reCnIar meetings 4 majority OF the III
rectors shall constitute quorum ior one e
transaction of all business. Inc ulrectVL
: shall be elected by ballot annually on lht
I Sarond Tuesday of January of each year
and n majority of the votes cast shali Oe
L necessary 10 elect Each stakeholder shalI
: be entitled, i'll person or o.! PROV! "
u vote for every share owned by MINI al
. .Iartions shall be held under such ruieS
; and regulations as may be determined pS
the Board of Directors, after 1itteen gay >
q notice of such election shall naNe d. Sa,
u last known address. The directors thus
' elected shall continue in offlce 1or ont
5 wear or until their successors hdNe ~
n duly elected and have quallileq' 40 cor.
: ure 70 elect shall be regarded as ior'
= fixture of this charter. ANY vacancy "
7 curing on said board shall he lllleu pi
2 the remaining directors for the uneNpireu
term. the said board shall likewise eleS
tba ,dditinnaI members in case they should
; determine to increase the NUMBER OF III.
= hoard. Said Board of Directors shall, AZ
\ its first meeting, after its election, hoHl.
nate out of it's number, preslueht,
n &c president A secretary and treasurer
Z Said hoard shall have the right TO appolh,
and dismiss such clerks, managers anu
= other employee of the corporation as con
( ditions may justify or the business vi 'n ~
: "arnor.tion may require. The tenure OIL
office of all the employees of the corpora
, tion shall be during the pleasure OF the
. Board of Directors.
ARTICLE Vino sale or other trans
r fer of stock in this corporation shall Dt
: valid until and unless the corporation mas
2 been afforded the opportunity to purchase
said shares of stock mt their DOOR Naiu.
the corporation to be given ten DAYS ~
determine whether 1t VIII AVIAN Hseh vi
4 the offer of the stock.
ARTICLE VINO STAKEHOLDER 'shall
D ever he held liable or responsible lOr tnr
contracts, faults or debts OF sald corp "a
: ton, nor shall any mere infornailty III IL
accumulation have the effect or rehuerlnH
1 this charter null. or of exposing a stoch,
( holder TO any liability beyond the UNPAID
{ balance, if any, due on the SHARES o"heu
. by him. 80 ;,oornor,
A ARTICLE VIII.-This act OF incorpora
= tion NAV be changed. modified or altered
Z or this corporation may be dlsSoNeu, Wiz
o the assent of the stockholders OWNING W.
y thirds of all the stock or the corpora ~ ~,
9 at a general meeting convened 10. una
{ purpose and after at least ten Gays VIII
b ten notice of this meeting snail nave pee ei
h given, through mail, addressed 10 eacl
>. stakeholder, at his last known place U
= residence. =,
k ARTICLE IX.-In case Of dissolution D!
r tho expiration of this charter or other
= wise the stockholders shall eject thrt
$ liouidators from among their NUMBER, Z
o H1uidate and settle the business ana Al
= fairs of the company. In case OF aeath
d or disability of any of said commissioner
! or liauidatOrs. the survivors or remalnln
liouidators shall appoint successor :
u him, The said liquidatOrs shall have 1ui
d mower to settle said company's debts, an
: divide the remaining money and propert
= among the stockholders. They shall ais
lie have mower to meet and act under the by
Ie laws of this corporation and under reg
d ulations to be made by a majority or Tn
said Iiauidators; to fix the price and pres
" cribe the terms of sale of said propert
d and the manner in which the sale may b
v made and to take notes and bonds, sc
II cured by mortgage. or otherwise, for par
,r of the purchase price for all or any par
v of said property, provided, however tina
v the rights herein conferred upon the iqu1
d dators may be modified, changed or de
70 MED by a majority Of the shares OF tn