The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-15
CHARTER.
CHARTER OF THE GULF IkaDN"
COMPANY, INCORPORhED.

!ta of our Lord the One Thousanu
Nine Hundred and Nineteen S.n,eS OF
Indenendence of the United ota'es
America, the One Hundreu Noreno. a No.
49, Public. duly commissioner ,hs
Notified i'm and for this Clty anu un
Parish of Orleans, therein i,os SSarain-
;n the presence of the WlthsSS ',uHonoIIv
~ re- named and undersigned, Persoi 'nrs
aItet I'D anneared the following peIson'
,.hnsa names are hereunto suDscrIDeu' ,,' -
',ather with the amounts OF thtir lsiP ~
tive subscriptions to the caPI." &c SOW
the corporation to be torheI, 'Tyes az
mis- declare that. ayailing themseAnS ,Sa
e.e"y .oyisions of the general laws ol tne
S,sts ~ Louisiana relative 10 tue Vi 80,
So, ~ corporations, they nave 80
nanted and agreed, and 90 Dy thSS Pand
ants covenant and agree, anu s,'nh other
hIirata themselves, as well as suSh ons
nS as NAV hereafter become ass =.
PSatad with them or their SUCCESSORS .,
torm and constitute themselves M ond
norstion and body pOlltlc III Ia" undeT
DOR the objects and purpoSSes tniloIyinp
,ba agreements and stipulatlohs loiio"i"7
ARTICLE 1.-The name ana ti'ie r ~
annration shall be the Gun Iraut ~
Connany. Inc and by that nam a,,,hnr.
corporation shall have poM Hsl,. a., for the
itv TO have and enjoy successlO. - thf
In Farm of ninety nine years ilolii hc
S,a hereof: to contract, sue an" "a
sued. TO borrow money 10 notas or
iSsne its negotiable promissory crsota
other evidences or lhueo'eu i,.Tno,rata seal
Jahts. 70 make and use corPoiaII, Iii
80 purchase and receive, lease hoiui
- conyey as well as mortgage anu "a
nothecate property, real, peIsoI. asf;ccrs
lived. TO name and appoint suCn a. 80,
Ia accents as the interest OF saiu ~.
ua,ion NAV require; to make ana es'ao-
Hsh such bylaws and reSulitions ~
the proper management ana reSulat L'i
;ts sffairs as may be deemed hrcessals
and the same to change, after anu "Ni'
at pleasure. ,,,;oi,o of This cor
aa,inn shall be in the City of New Ut
ioons Parish of Orleans, state Oh LUIS VuIs
iana and all citations and other tsa'
nrocess shall be served upon tne P'a,,,
dent of this corporation s anu nresiSent.
ARTICLE III.-The objects anu Put
noses for which this corporation Is esldp y.
iished and the nature OF the pusi 20 80
he carried on by IL are declared 70 NC 80
act as buying and se sdn,1-srs in the
limited States and all foreign countries
10 buy and sell any and all colnmou "a
ties: TO act as forwarding, export anu -
nancial agents; TO establish ana cohuuC
warehouses and to do all kinds OF CON
,'arc;aI brokerage and commission busl-
ness. and in connection Herewith 10 own
hold lease, buy, sell or otherwise ac-
ouire real, personal and mixed proPeI.s
of all kinds; to borrow money, 10 eAS sI.
secnrities therefor, including negOuaplC
bonds and to do any and all things nee
essary or incidental to the conduct Oh any
business or businesses this corpora
tion is authorized by its character 10 con
duct; to hold and exercise all sucn lhc -
dental powers and privileges reiauNe "
objects heretofore set forth: AT,
tRTICI,E Iy,-The capital stock or TINS
CORPORATION shall be Twenty Thousand
200 600 OO) Dollars, divided into TWO nun
dred (2OO) shares of the par value n "a
may be increased 10 the sum on One hun
dred Thousand ($100,OO000 Dollars, dl.
yided into one thousand Q,OOO) shares OF
the par value of One Hundred Nl0o'VVl
Dollars each, and this corporation Is ,h so
be a going concern when one-half OF the
capitai stock of this corporation has Deeh
snhscribed and paid for. Each share OF
said stock shall be entitled to one vote
either in person OF by proxy. AT all gen
eraI elections or meetings OF the stoch-
holders.
ARTICLE v.-No stakeholder shail
exer he held liable or responsible for the
Indebtedness, faults or defaults OF tbls
corporation nor shall any mere ihtor-
rIaiity in thc organization OF this corpora
ton have the effect Of rendering the shaI
terter null or Of exposing the stockhold,
ers to any liability beyond the UNPAID
balance, IL any, on their stock subscrlp>
ton. No transfer of stock shall D. mace
or held to be valid and binding unless
made in pursuance Of the provisions OF
this charter,
ARTICLE yI.-This corporation shall
have ali powers granted to such corpora
tions by law and shall have the power
to contract sue and be sued in It's cor
porate name and to own, hold, receive
loan, lease, purchase, sell and convey OF
mortgage any and all of its effects, OF
to hypothecate its property and to dc
any and all acts and things OF any othei
kind, nature or description as may DC
necessary to carry out the objects ano
purposes of this business as Its interest,"
and conveniences may require.
ARTICLE vII-The business OF this
corporation shall be directed by and vest
ed in a board of directors Of three mem
hers. two of whom shall constitute
quorum for the transaction OF business
The board Of directors as first con
stituted shall be composed Of solomon U
Scheyer, Juan X. Lopez and M ConsueiG
Scheyer and they shall hold office until
the first Monday in December, 1920, and
on that day and on the same dag there.
after each year elections shall be held
for directors at the principal office Oh
the corporation and the election SHAH De
held between the hours Of ten and twelve
A. m Failure to hold an election on the
date specified shall not dissolve the cor
poration, but the directors shall hold their
respective offices until an election shail
be held after thirty days notice OF the
time and place thereof given to each stock
holder.
Notice of the stockholders meeting for
election of directors shall be given fifteen
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
nd SChpVpr ghall
be first secretary-treasurer.
Directors may act either in person or
by proxy.
ARTICLE VIII.-Whenever this cor
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 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
liQuidate the affairs and dis
tribute the proceeds, IL any. among the
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
provided by law.
ARTICLE Kin case Of loss equal to
One-thfrd II /oD OF the capitSi 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,
in the presence Of A1elie Bennett and
Ruth NJ. Seller, competent witnesses, who
hereunto sign their names, together with
the parties hereto and me, Notary, after
reading Of the whole.
s. o. SCHEYER.