The herald., 1920-08-05
CHARTER OF NATIONAL IMPORT &
EXPORT COMPANY. INC.

United States of America. State of Lou
isiana, Parish of Orleans. City of New Or
leans. BE it known, that on this six
teenth day of the month of July. in the
year of our Lord, one thousand nine hun
dred and twenty. and of the Independence
of the United States of America, the one
hundred and fOrty-fOurth. before me.
Asahel Walker Cooper, Notary Public.
duly commissioned and qualified in and
for the city, parish and State aforesaid
there N residing, and in the presence of
the witnesses hereinafter named and I'M
dersigned, personally came and appeared
the several persons whose names are here
unto subscribed, who declared that, avail
ing themselves of the provisions of the
laws of this State relative to the fOrma-
ton and organization of corporations. they
have covenanted and agreed. and do, by
these presents, covenant and agree and
bind themselves. as well as those who may
hereafter become associated with them. to
form themselves into n corporation for the
objects and purposes, with the name, and
under the stipulatiOns, following. to-wit:
ARTICLE 1.-The name anu style of
this corporation shall be, National I'm
port X Export Company, Inc and by
said corporate name ii shall have and en-
joy succession and existence for period
of ninety nine years, unless sooner dis
solved, and shall have all of the rights
privileges and immuniteS granted by law
to corporations; and, under said cOrpOr-
ate name, 1t shall have power and author
ity TO contract, sue and be sued, to make
and use corporate seal, and to break or
alter the same at pleasure, and make all
corporate management and control, and
shall have and enjoy all the rights. priv
tleges and immunities which now or may
hereafter be granted by law to corpora
tions of the same kind and character
ARTICLE 1.-THE domicile of this cor
pOration shall be in the City of New Or
leans, State of Louisiana. and all citations
and other legal processes shall be served
I President mr. in nh
inability to act, upon any other officer of
the corporation.
ARTICLE III.-The objects and pur-
poses for which this corporation is or
gained, and the nature of the business to
be carried on by II, are hereby declared TO
be: The doing of n general ware housing
business and to engage in a general way
in the business of importing and exporting
various wares and merchandise, to carry
on a general commercial agency business
to buy and sell merchandise of all kinds
as principal or agent. to gather and fur
nish commercial and credit reports to at
tend TO making collections and to the
negotiation of loans and to do all acts and
things necessary and appropriate to carry
on general import and export business
as principal or agent the foregoing details
not being intended to be exclusive, and
to do any act or thing necessary or proper
10 accomplish the objects and purposes of
the said corporation.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
two hundred and fifty thousand and
no 400 $3.50. O00.O0) dollars, divided into
and represented by two classes. preferred
and common, in the proportion of one
hundred and seventy-five thousand and
no/lOO (S115.0O0.00) dollars of preferred
stock and seyenty-five thousand and
no/lOO tS1500O.00) dollars of common
stock. The capital stock may be increased
TO the sum of one million and no 100 ISL
OO0OoO.00) dollars. The preferred stock is
to be divided into one thousand seven
hundred and fifty u,150) shares of the
par value of one hundred and no 400
tSlO0Ol dollars per share. and il shall
be entitled to receive out of any and all
surplus net profits whenever ascertained.
cumulative dividends at the rate of eight
(S%l per cent per annum in each and
every year hereafter. payable at such
periods as the Board of Directors NAV de-
termtne, in preference and priority TO any
payment of dividends on the common
stock for the period heretofore elapsed.
The preferred stock, however, shall not be
entitled to participate in any other gen.
eral earnings or profits beyond the said
eight (SE) per cent annual cumulative
dividends, but shall be entitled to be re-
paid In fun with the accumulated unpaid
dividends thereon upon any distribution of
the assets of said corporation or in the
event Of Insolvency, liquidations dissolu-'
tion or termination OF its corporate ex-