The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-24
CHARTER.

peared the persons whose names are
hereunto subscribed, who declared that,
svailing themselves OF the provisions OF
the laws of this State, in such Grasses
made and provided, relative to the
organization of corporations, they have
covenanted and agreed, and do by these
presents covenant and agree, bind, form
aud constitute themselves, well as
such other persons as may hereafter
Join or become associated with them,
into a corporation and body polite in
law, for the objects and purposes and
under the agreement and stipulatons
following, tO-wit:
ARTICLE 1.-The name and style Of
SELLING AGENCY, INCORPORATED
and under that name it shall have and
enjoy all the rights, advantages and
privileges granted by law to corpora
tons: it shall exist for period of
ninety nine years from the date hereof (;
il shall have power and authority to con-
tract, sue and be sued in its corporate
! name; to make and use corporate seal,
and the same to break or alter at pleas
ure; to hold, receive, purchase, convey,
| mortgage, hypothecate and pledge prop
erty, real, personal or mixed; to issue
/ bonds, notes and other obligations: to
| have and employ such officers, managers,
directors, agents and other employees as
! the interest and convenience Of said cor
poratiOn may require or demand; to
|
and regulations for the corporate man
agement and control OF the affairs Of said
| corporation as may be deemed necessary
| and expedient.
ARTICLE 2-The objects and pur-
poses for which this corporation y
organized and the nature of the business
! to be carried on by IL are hereby de-
clared to be: To buy, sell, transfer
assign and hypothecate property OF
every description. and to conduct any
| lawful business except that of Banking
/ Insurance, Building and Loan Associa
\ lions, and generally to do and perform
anything necessary or incidental to tn,
business conducted by said corporation
with all the powers granted by Section
of Act 267 of 1914.
| ARTICLE 3-The capital stock of THU
corporation is hereby fixed at the sum o
Five Thousand Dollars (S5,OOO.OO), which
amount may be increased to a sum no
exceeding One Hundred Thousand Dol
lars, divided into fifty shares Of On
Hundred Dollars (S100OO each, whicl
shall be paid for In cash, on such term
and conditions as may be decided by tn
Board of Directors, or may be issue'
for not less than par for property pur
chased by or service actually rendere
to said cooperation. All shares of stool
shall be full-paid and non assessable. "
transfer of stock shall be binding upol
the corporation unless made upon 1t
books, and all certificates of stock shall
be signed by the President or Vice
President and the Secretary of said cor
poration.
Said corporation to begin bushes
when fifty per centum of the capita
stock shall have been subscribed an
fifty per cent thereof shall have bee
actually paid in.
| ARTICLE 4-The domicile of said cor
poration shall be in the City of New
Orleans, State of Louisiana, and all cita
tons and other legal process shall b
served on the President. and In hi
absence. on the vice-President Of sai'
inability of both of said officers, thel
said process shall be served on the Sec
rotary of said corporation.
Said corporation shall have the RICH
and power to establish and maintain ant
conduct offices throughout the United
States of America and foreign countries
ARTICLE 5.-All the corporate power
of this company shall be vested In, ant
the management and control of its bust
ness and affairs shall be exercised by
Board of Directors composed OF three
81 stockholders, which number may b
increased to no more than seven. at thu
discretion of the Board Of Directors, {
majority Of whom shall constitute
quorum for the transaction Of all bust
ness. Said directors shall be elected
EVERY year on the first Monday OF 0cto
Der beginning with the year 1922 Eaci
stakeholder shall be entitled In person o.
lby written proxy to one vote on every
| share Of stock owned by him and stand
ing in his name on the books of the com
/ pany. All elections shall be held undel
such rules and regulations as may b.
determined by the Board Of Directors
and after at least ten days notice In
writing of such election shall have beer
given to each stakeholder at his las
known address. or by publication In on'
of the daily newspapers published In thu
English language. in the City Of New