The herald., 1920-04-29
CHARTER.
of JAS. W. MARTIN CO,

,or,siana, Parish Of Orleans.
stat, Vow orleans: lie IL knoMh; ia, ,hS
CITY Of thirty first day oil t MhrJn, !" ana VA
y Or one thou me- william Waller Young,
!seuty, DenIo,,bI;r In and for the IariSh OF
Notary S,ste of Louisiana, uuiS com
orleans and qualified, and IN the pres
nlsdolsf The witnesses hereinafter ni''nr ,'
sece oil up;sned. personally came anu ap-
"a underss whose names are here
Jared the Rhad all above the age OF ma
sspto suDs.i iSsoveraIly declared that avail
;ority, wDo of the laws of the state
ing the lasa particularly Act 26' oil l9l+'
81 Louis 20 the organization OF c"rPoIa.
rplatye " do. by these presents aSr"r
,ions. theA .,saIyrS rs well a. such other
md bino may hereafter become assOcl-
.srsons az Inn 10 form and constitute
sted VIE !inn for the objects ana purposes
corperaai,oo+ the articles ana stIpulaIlOhS
folDr,CIE 1.-The name ana NJ" oil
kdaorporatiOn shall be- Jas, w M"L LIii
Co. IN o,ioy all the rights. advantages
haFc anu uayeS granted by law 10 cor
sBd and shall exist for tn" nun term
pefatOsod of ninety-niHe years from thl>
,sd PeriOo VI "
~ srr,CLE H.-This corporation snail t."
hinsI an the City OF New orleans
ssnIsiana. and the President anu, IN ms
Lousla The Secretary. are designated ~
sbsence, ~, nnon whom citation or other
W nrocess can be s'rN'"'
Hr,ctE III.-The objects and pnr
AN :. This corporation ana tbe naiur"
pesrs 'hnsiness to hc carried on ny u
Of INC ,oby declared 10 b" Ia carry on
arr NJ merchandise brokrraGc business
sehri...hase. acquire and h"ld, exchange.
70 PUT Ind in any manner dispose of or
desl commission or otherwise, sugar.
sB vs,dise and commodities of any Kind;
ner Ha, as agent, broker or factor IN SAID
esssetjons for any person. firms or cor
rahssas. with the right and power To DO
Pefaud all things necessarily connected
ml A.u IN any manner incidental or com
rh VIE ~ 10 the mrTchandis" brokerage
".nr,cIE IV.-The capital stock of This
hII,,on ~ hereby fixed nj the sum of
nP,housand (Sl0.O000OI dollars. To h"
wa ,aaS info and represented by on" hun
wv nO0l shares in the sum of one hun
tea IfSi10 OM dollars each. said stock
aru w maid for when and in such in
AsI n,s as directed by the Board of
a enan,ors The capital stock of this cor
mrst,cn NAV be Increased 10 the sum Of
wiz five thousand tS2JWDOOl dollars.
lpTICLE v.-All the corporate powers
,this corporation shall be exercised by
epos,a Of Directors, consisting of three
IShnlders two of whom shall COnSti-
~ q nnorum for the transaction of bust
directors may vote in person or by
~ The first Board OF Directors or
s,. eorporation shall he elected at the
drst stockholders meeting ana annually
L...after as herein set forth and Shaif
"a office until their successors are re-
ssse,iyely chosen and qualified. The
80 AZ Directors shall. ut its first meet
M elect from among its members Pres
Ssat A Vice President and a Secretary.
"A . L.. 81
~ Board making such election, and in
80 AZ vacancy In any of the said posi-
,;ons the same shall be filled by election
~ the Board Of Directors. The annual
ne,ting Of stockholders for the election
4 Directors shall be held on the third
Thursday in April of each year. unless
IA day be legal holiday. and then on
ihs next bank day thereafter. Any va
s,ary occurring among the Directors, by
assfh resignation or otherwise. shall he
fTed By election for the uneXpired term
b. the remaining Directors. Each sub
sriber hereto sets after his name his
pestoffce address and a statement Of the
,pmber OF shares of stock which he
,rrpes 10 take in the corporation. At all
sactlons every stakeholder shall he en-
titled to one vote for each share of stock
ssndng In his name on the books of
The corporation, to be cast in person or
6 his written proxy. \ majority of the
Vstes cast shall elect.
ARTICLE Win the event of the liqui-
dation or dissolution of this corporation.
he stockholders shall elect three liquida-
tors from among their number at a meet
irg convened for that purpose. after fiji
ten DAYS written notice sent to each
aeckhoder by mail to his last known ad-
dress Said liquidatOrs shall have the
minority TO wind up the business and
sfairs OF this corporation. In case of the
dsath OF llquidatOr. the survivors shall
sppcint stakeholder as successor to
him.
ARTICLE V,L-This charter may 10
modified, changed or altered or said cor
peration may be dissolved. with the as
mt Of stockholders owning two-thirds of
he entire capital stock. at a general meet
ing Of the stockholders convened for that
purpose, after fifteen G5l days written
totice shall have been given to each stock
holder mailed to him ut his last known
hdess.
ARTICLE vIII.-NO subscriber for
stock shall ever be held liable for the
eentracts faults or debts of said corpora
hen In any further sum than the unpaid
balance. II any, due the corporation on
NE stock for which he has subscribed
aw shall any stakeholder ever he held
hibe for such contracts. faults or debts
any further sum than the unpaid bal
ino, n any, due on the stock owned by
nm, nor shall any mere informality in
sfyaLiration have the effect of rendering
us eharter null. or rendering any sub
snber or stakeholder liable beyond the
kk stock.
MTlCLE IX.-This corporation is or
,a1ned under the laws of the State of
sss.iasna. and especially Act No. 267 Of
~ and the subscribers thereto. for
smsm a.s and said corporation. and for
officers, directors and stockholders.
rroy sccept, as part of this charter and
whaitlohs OF this corporation. all the
lgnis powers, privileges and immunitieS
,'sa 10 corporations and granted to
49, sonierred upon officers, directors and
M 's sssd OF corporations by said Laws
- complete and binding as II said
se powers privileges and immunitieS
s.n. Vel forth at full length in this inStru-
aus done and passed in my notarial
~ 49, IN the City of New Orleans arore-
~ !he presence of Joseph VI. Eault
~ Louis Z. Jung, competent witnesses
"A. Inl age. and residing in this .itv,
80 hereunto subscribe their names To-
with said parties and me. Notary.
s,,,;as gay and date set forth in the
vnrinal signed.)
VINES vwmes OF subscribers omitted1
isss,q jos NJ. Rault. l.. +. Jung. |
W. W. YOUNG. Not. Pub.
49, NE Undersigned. Recorder of Mort
M. ~ and for the Parish Of Orleans. |
A. sha. LOUISIANA, do hereby certify that |
lsp A. r.. ana foregoing act of incOrpora- |
thk A., sas w. Martin & Co.. Inc. was |
Ia, As duly recorded in nv office I'm
- Folio - :"
49,. orleans, La. April LIST. 1920.
t,ss EMILE ]. LEONARD. by. II. |
s %.l av. W. W. YOUNG. Not Pub.