The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-10
CHARTER OF MoBHAN-AvENGO. INC.

United States of America, State OF
Louisiana Parish of Orleans, BE II known
that on this twelfth day Of the month OF
October in the year OF our Lore, one
thousand. nine hundred and twenty-one
and of the Independence of the Unlteo
states of America, the one hundred ana
forty fifth, Before me. Leslie fatton
Beard, a notary public in and Tor the
therein residing and in the presence OF
the witnesses whose names are hereunto
subscribed, personally came ana apPeaIeu
the several persons whose names are mere
unto subscribed, VINO declareu .na' 90 en- !.
ing themselves Of the provisions OF tne
Laws of the State of Louisiana, reiatVe
10 the organization and formation OF cor.
porations, and more particularly Oh Act
No. 267 of the General Assembly, OF tne
Stat. of Louisiana for the year 1914 they
have coyenanted and agreed and they 90
by these present hereby covenant, agree,
bind and obligate themselves, as wen as
such other persons as may hereaa, ,,
become associated with them, to form anu
constitute a corporation and BODY pontlc
in Law for the objects and purposes anu
under the conditions and stlpulatlohs IoL-
lowing, which they adopt as their char'er
to-wit: ..,
ARTICLE THE name, style, and ute
of This CORPORATION is hereby declared 20
no Northumberland, Inc, and unuer sucn
name and style IL shall have anu enJo!
succession and existence for PERIOD OF
ninety mine 800 years from dale hepeo %,
unless sooner dissolved by liquidation or
otherwise 1t shall have power ana auln-
ority to contract, sue. and De sueu, "
make and use corporate seal tue SI s
to break and alter at pleasure; 10 nodu
purchase, sell, lease, mortgage uahoi'
hvnothecate and pledge property, real, per
sonal and mixed, corporeal ana lhco[Po'
real and to hold stock In any other cvi
many or companies that may assist tnts
Company in it's objects ana purposes "
noaEa and issue bonds and other evidences
of indebtedness; If desired to secure sane
| by mortgage; to name and elect dlrec,oI
and other officers, managers ana emPioy
| ees ard to establish. alter anu a!henu Da,
| laws ruks and regulations for It's proper
| ooyernment as may be deemed necessary
and nroper and generally, to do anythihe
| act or thing necessary for the carrying
| on of it's business.
ARTICLE 1.-THE domicile Of TINS COT
| noration shall be in the City OF New Ut
| ieans state of Louisiana: and service o.
| citation and other legal process shail o.
| served upon the President or, in MS az
| sence, upon the Secretary-Trea
| ARTICLE II-The objects and pur
| poses for which this corporation Is OF o.
| psnized and created, and the nature y
| The business to be carried on by II ar
| declared to be as follows: 10 conuue
| a general brokerage and commission gus
| iness in Cotton and Cotton Llnters, ane
| to that end to purchase, lease, or otner
w;se aeouire and sell, mortgage, hypotne
| cate or otherwise convey properly, lea'
| nersoual or mixed, necessary 1or tne Gun
| dnct of its business; and, generally .
do any act or thing incident 10 the ger
name purposes herein eApies
ARTICLE Iv-Ths capital stock
this corporation Is hereby liked a
the snm of ten thousand dollar
(IO.O0O.OO) and shall be divided INTO ., an an
| renresented by one hundred llVoJ share
| ~ Common stock for the par Value
on. hnndred dollars CS1O0.00) each, whicl
shall be fully paid and non-assessaDie'
Said stock shall be paid for In cash, o
nv nroperty or services actually renders
to the corporation, or other equi'alen,
of cash as provided by Law and at sue,
| time and manner as may De prescrioe'
by the Board Of Directors.
This CORPORATION shall become a goini
| concern and authorized to commence Dus
mess when fifty per eentum tool OF I'M
capjtal stock shall have been suoscrioe'
and paid.
The Capital stock of this corporation
may be increased to the SUN 40 % %, on. nr.
| dred thousand dollars (SlVV'oVV"V 10 PA'
vided by Law.
No stockholder shall sell or otherwis
| disnose of his or her stock without mrs
| offering IL in writing to the Dooy
stockholders through the Board OF plrec
| tors. at its book value, and the STOCK
holders shall have fifteen days With
| which to accept or reject such oner De
fore same being placed on the puDii
ARTICLE v-The corporate powers 0
this corporation shall be vested In an
exercised by a Board of not less Una
thre nor more than five directors, ma
;oritv of which shall constitute a quorur
for the transaction of business.
Any director who Is unable to atten
any meeting of the Board and Is other
wise incapacitated from performing :, ,1
, | functions of his office by reason OF III
ness. or otherwise. may appoint In wit
| ing another member Of the Board OF ID
| rectors to act for him and as his prox
and the Board Of Directors may deiegai
any of his powers to any omcer, OF .,
! rion BIZ resolution regularly adopted.
. The frst Beard Of Directors Of this col