The herald. [volume] (New Orleans, La.) 1905-1953, 1920-10-07
NJ. QUINTERO.
CHARTER OF THE NORTH AMERICAN
TRADING 4 MANJFACTURING
CO, INC.

VIZ I'M.
United States of America. State of Louis
lana. Parish of Orleans. City of New Or
leans lie it known. that on this Goth
day of the month of August, in the year
of our Lord. nintcen hundred and twenty,
before me Warren V. Miller, a duly com
miS>iOncd, qualified and acting notary
public in and for the Parish of Orleans.
State of Louisiana, and in the presence Of
the hereinafter named and uudersIgTing
witnesses. personally came and appeared
the several persons whose names ar here
unto subscribed and seyerally declared
that availing themselves and those they
represent. as we'll as those who may here
matter become associated with them. of
the general laws of the State of Louisiana
in such cases made and provided, they
have formed and organized, and by these
presents form themselves. as well as those
they represent and such others as may
hereafter become associated with them
into a corporation and body polite III
law. for the object and purposes in he
following articles set forth and expressed
which they adopt as their charter.
ARTICLE 1.-The name and title of this
corporation is and shall be- The North
American Trading n Manufacturing Co.
Inc" and it shall exist and enjoy sue
cesSiOn by its corporate name for period
of ninety-nn 800 years from the date
hereof with all the rights, privileges and
powers now or hereafter conferred by law
upon trading corporations. Its domi"ile
shall be in the City of New Orleans, AMI
all citations and legal services shall he
made upon the President, and in the event
of his inability to act ETC. upon the
Vice President or Secretary, in the order
named.
ARTICLE 1.-THE capital stock of this
corporation is hereby fixed at the sum
of five thousand dollars ($j,OOOOO) all OF
which shall be divided into and repre-
scented BY fifty 600 shares of the par value
Of bnu lpllnrS l<lthl tHn each
Stock may be paid for in money, in sery-
ices rendered the corporation. or in prop
erty regularly transferred TO the corpora
tons. all as shall be determined by the
Board of Directors.
ARTICLE III.-The objects and
purposes for which this corporation is or
ganiZcd are declared to be the buying
leasing, selling and otherwise dealing in.
both as principal and agent. timber, lum-
Der moss. furS. fuel, and such other ar
ticles as ordinarily are sold or used in
conjunction Herewith, including articles
manufactured out of same; TO erect, main
tain and operate mills and factories, stores,
etc. for the selling, manufacturing ana
otherwise dealing in said articles, ana IN
general to do any and all things com
nntable and germane to and not contra
dictory with the above set forth objects.
ARTICLE IV.-The corporate powers of
this corporation shall be vested in a
Board of three (3) Directors, majority
of whom shall constitute quorum for
the transaction of business. Absent di.
rectors may vote at any meeting of the
directors by proxy in writing to any other
director for that particular meeting.
The first Board of Directors of this cor
poration. shall be composed of Henry
Voelker F. II. Chisholm, and +. l.. Put
nam. with +. l.. Putnam, as President /;
III. VoeIker, as Vice President. and +. ii.
Chisholm. as Secretary Treasurer, and
said officers and directors shall serve as
such until the second Monday in January
1923, or until their successors are duly
qualified. and elected.
Meeting Of the stockholders for the cleo
ton of Directors shall be held yearly on
the second Monday in January, beginning
with the year 1923. The Board of Di-
rectOrS shall have the right TO elect with
out reference to a stockholders meeting,
any stakeholder to be Director Mh"h
ever a vacancy shall exist on the Board
of Directors through death or resigna
ton.
ARTICLE V.-The corporate powers of
this corporation are expressed and set
forth in Section Seven of Act 26I of the
Louisiana Legislature of the year l"l-
and shall be duly employed by and
through the Board of Directors.
The duties of the several officers shall
be set forth in the bylaws, which shall
be adopted by the Board of Directors and
amended or altered at will, and they shall
have the rl8nt 10 empty. uHhtl 'oh'ih' I
or otherwise. a general manager. who may
or may not be a member of the Board OF
Directors all as shall be determined by
the Board of Directors, provided that by
unanimous consent of the Board or III
rcctors, the several officers may delegate
10 said general manager such of their
duties as may seem desirable, and the
compensation of said general manager
must be fixed by unanimous consent OF
the Board of Directors.
1t is mutually covenanted and agreed
that any salaries to be paid the officers
and Board of Directors of this corpora
ton either now. or at any time during
the eNiStance of this corporation, shall
be unanimously approved by the entire
Board of Directors, then in office, before
taking effect, and such salaries when once
approved unanimously by said Board of
Directors are not subject to change With
out mutual agreement and unanimous ap-
prevail of said Board.
ARTICLE Vino stakeholder of this
corporation shall ever be held lial.. for
any debts of the corporation other .han
to the amount of the unpaid portion or
their subscription to stock, If any, and no
informatilty herein shall subject or rem
der them liable in the premises.
ARTICLE VII.-Amendments Of this
charter or liquidation of this corporation
shall be subject to the rules laid down by
Act 267 of the Louisiana Legislature for the
year 1914.
ARTICLE vIII-The capital stock Of
this corporation may be increased, by
amendment to this charter, to any sum
not exceeding fifty thousand dollars.
Provided, that any increase in capital
stock so issued shall first be offered to the
stockholders of record in this corpora
ton in proportion to their holdings. be
fore same shall be generally offered for
sale.
Thus done. passed and signed on the
day and date first hereinaboye written, in
the City of New Orleans, in the presence
of L. r. Hoover and L. A. Hines, com
petent witnesses, and me, Notary, after
a due reading of the whole; the sub
scribers setting opposite their names the