The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-01
CHARTER.
CHARTER OF THE GULF TRADING
COMPANY, INCORPORATED.

10th dav Of the month of November, in
the year of our Lord the One Thousand
Nine Hundred and Nineteen, and OF th'
INDEPENDENCE of the United States Ol
Amefica. the One Hundred and Forty
third, before me. Arthur A. Moreno, No
tary Public, duly commissioned ant
qualified in and for this City and th'
Parish of Orleans, therein residing. anC
after named and undersigned, personally
came and appeared the following persons
whose names are hereuntO subscribed, 10
gether with the amounts OF their reSpec
tive subscriptions to the capital stock Of
the corporation to be formed, who sew
orally declare that availing themselves o.
the provisions of the general laws OF TN
State of Louisiana relative TO the organ
cation of corporations, they have cove
nanted and agreed, and do by these pres
ents covenant and agree, and bind anf
obIgate themselves, as well as such Othel
persons as may hereafter become asso
ciated with them or their successors, u
form and constitute themselves into cor
pOratiOn and body polite in law, anC
for the objects and purposes ana undei
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 years from the
date hereof. to contract, sue and De
sued to borrow money; TO make ana
issue its negotiable prOmisSOry notes or
other evidences of indebtedness; TO Great"
debts; 10 make and use corporate sea-
TO purchase and receive, lease, hold, sell
and convey ms well as mortgage and by
pOthecate property, real personal ana
mixed; to name and appoint such OFFICERS
and agents a. the interest oil Sald cor
poratiOn may require; to make and eStab-
lsh such bylaws and regulations for
the proper management and regulation OF
its affairs as may be deemed necessary,
and the same 10 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
lima 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-
iished and the nature Of the business TO
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 commodi-
ties; TO act as forwarding. export and fl
nancial agents: to establish and conduct
warehouses and to dc all kinds of com
mercial, brokerage aud commission Dust
ness; and In connection Herewith TO own,
hold, lease, buy, sell or otherwise ac-
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
ton is authorized by Its character TO con
duct to hold and exercise all such incl
dental powers and privileges relative 10
objects heretofore set forth.
ARTICLE Iv.-The capital stock of this
corporation shall be Twenty Thousand
$50 OO) Dollars, divided into two hun
Nhn INn M
one Hundred ($1O0.OO) dollars each and
may be increased to the sum on One Hun
dred Thousand (S100O0OO0) Dollars, di,
yided into one thousand O.OOO) shares OF
the par value of One Hundred (SlOOOO)
Dollars each, and this corporation Is ia
he 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 stockholder shall
ever he held liable or responsible for the
Indebtedness, faults or defaults OF this
corporation, nor shall any mere infor-
pa.ity In thc organization Of this corpora
ton have the effect of rendering the char
terrier null or Of exposing the stockhold,
ers to any liability beyond the unpaid
balance IL 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 oi
this charter.
ARTICLE vI--This corporation shall
have all powers granted to such corpora
lions by law and shall have the power
to contract, sue and ne sued In its cor
porate name and to own, hold, receive
loan, lease, pErcna5S, sell and convey OF
mortgage any and all of its effects, OF
to hypothecatr its property and to dt
any and all acts and things of any othel
kind, nature or description as may b,
necessary to carry out the objects ant
purposes Of this business as Its Interest
and conveniences may require.
ARTICLE yU.-The business of thi.
corporation shall be directed by and vest
ed I'm a 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 o
Scheyer, Juan X. Lopez and NJ Consuel'
Scheyer and they shall hold office unit
the first Monday in December, 1920 and
on that day and on the same day there
after each year elections shall be helt
for directors at the principal office o.
the corporation and the election shall b'
held between the hours of ten and twelve
n. m. Failure TO hold an election on TIT
date specified shall not dissolve the cor
poration, but the directors shall hold thei
respective Offices until an election shall
be held after thirty days notice OF thu
time and place thereof given to each stock
holder.
Notice Of the stockholders meeting 70,
election of directors shall be given fifteer
DAYS prior to the day of the meeting, In
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 first secretary treasurer.
Directors may act either in person or
by proxy.
ARTICLE vIII.-whenever this cor
poration is dissolved either by limitation
or for any other cause, its affairs shall
be liquitated by the board of directors.
who are hereby vested with full power TO
sell any and all assets of the corporation
either separately or In a mass, and TO
convey full and complete title thereto, and
shall have full power to do and perform
all acts necessary and proper to fully and
completely liquidate the affairs and dis
tribute the proceeds, II any. among the
stockholders of this corporation to the
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 the
manner provided by law.
ARTICLE KIN case Of loss equal TO
one-third q I3l OF the capital stock, the
corporation shall be dissolved and liquid
ated at any time after one year.
Thus done and passed. in my notarial
office, In the City of New Orleans, on the
day. month and year first above written
Ruth NJ. Seller, competent witnesses, who
hereunto sign their names, together with
the parties hereto and me, Notary, after
reading of the whole.