The herald., 1921-01-06
CHARTER
CHARTER OF THE MERCANl 'LE FOR
WARDING COMPANY. INC.

Y
WARDING COMPANY. INC.
United States of America, State of Lou
siana. Parish of Orleans, City of New
Orleans. Be il known. That on this !
nth day of the month of becem-
ber in the year of our Lord, one thous-
and. nine hundred and twenty, and OF the
Independence of the United States OF
the one hundred and fOrty-iifth.
before me. Alfred Charles Hammer, no
tary public, daily commissioned, sworn and
qualified in and for the Parish OF orleans.
State of Louisiana, aforesaid. and in the
of the witnesses hereinafter
named and undersigned, personally came
and appeared the several persons whose
names are hereunto subscribed, who sever
ally declared that. availing themselves of
the provisions of the laws of the State OF
Louisiana in such cases made and pro
vided. they have covenanted and agreed
and do by these presents, covenant. agree
and bind themselves. as well as all such
persons as may hereafter become asso-
ciated with them. to form a corporation for
the objects and purposes and under the
articles and stipulationS following, to-wit:
ARTICLE 1.-The name of this corpora
tion shall be Mercantile Forwarding Com
psny, Inc, and under its said corporate
name it shall have power and authority to
have and enjoy corporate existence and
succession for the full term and period of
ninety -nine years from and after the date
hereof; 10 contract, sue and be sued; to
make and use n corporate seal and the
same to break or alter at pleasure; 10 hold,
receive. lease, purchase and convey, as well
as mortgage and hypOthccate. property.
real. personal and mixed, as well as cor
pOreal and incOrpOreal: to own and hold
stocks and bonds of other corporations: to
name and appoint such managers, agents,
directors and officers as its business, in
tereStS or convenience may require; and
to make and establish, as well as alter
and amend from time to time such bylaws,
rules and regulations for the proper con
duet. management and regulation of the
affairs of said corporation as may be neces
sary and proper.
ARTICLE 1.-THE domicile of said cor.
POratiOn shall be in the City of New Or
leans, State of Louisiana. and all citations
or other legal process shall be served upon
the President of said corporation or, in
the event of his absence upon the Vice
President thereof, or, in the absence of
said officers, upon the Secretary of said
corporation.
ARTICLE III.-The objects and purposes
for which this corporation is established
and the nature of the business to be car
| ried on by it are hereby declared to be:
To carry on general shipping and for
warding business including the receiving
| handling, shipping, forwarding and trans
| porting Of goods. wares, merchandise and
| all classes of freight. domestic or foreign
| by land or by water; to import and eX-
port merchandise and TO engage in foreign
| and domestic commerce for its own account
| and, agent or broker; to act n:
! shipping agents and fOrwarderS of freight
TO act as insurance agent or broker: Il
| buy, sell and deal in. for its own account
or as agent or broker, real estate, tene
mentS. railroads, tramways, watercrafts
| merchandise and other personal property
| leases, mortgages, stocks, bonds, deben
lures. notes. drafts and other securities o.
evidences of debt; to own or charter an'
20 CHI 9TH W-nfa q
own or lease and operate public and priv
ate warehouses and to accept and dea
| in bills of exchange and other evidence
| OF debt representing loans or advances OF
merchandise in warehouse or in transit
TO subscribe to and, or otherwise acquir
and own the stocks and bonds of Othe
corporations; to guarantee the bonds o
other obligations of persons, firms ant
corporations and the dividends on stocks Q
other corporations; to establish branChe
and agencies in the United States and else
where; to acquire, purchase and re-6su
its own stock as far as may be permitte
by law; to do and perform any and al
things and to exercise and enjoy any an
all rights or powers pertinent or Incl
dental to those hereinbefore special
designated.
|. ARTICLE IV.-The capital stock of thi
corporation is hereby fixed at the sum O
twenty-five thousand dollars O0.O0
divided into and represented by five hun
!,
of fifty dollars $4,000 each. Said stoc
shall be paid for in cash, at such tim,
in such amounts and after such notice (
the subscribers as may be fixed by tn
Board of Directors. and the same may b
+ issued at not less than par for labor don
or property actually received by the col
poration.
t This corporation shall become a goin
| concern and be authorized to do bushes
I as soon as fifty 900 per cent. of its capt.;
lCfn loll hnr~z 1. Il
r for.
e The amount to which the capital stock ,
e this corporation may be increased shall
the sum of one hundred thousand dollar
2 (S1OO, 100000.
e ARTICLE V.-All of the CORPORATE pov
: ers of said corporation shall be vested
V and exercised by a Board of Directors
e be composed of not less than three 80 n,
: more than tlye (5) stockholders of the co
/, poration (the number of directors to
: elected for the ensuing year to be d
v termined by the Board of Directors N
: less than thirty 500 days before the da
of the annual electiOn), to be elected a
II nually at a general meeting of stockhol
e ers to be held on the third Wednesday
p January of each year, except the fir
V Board of Directors appointed in tn
IS charter who shall hold their Offices un
< the third Wednesday in January. 1922.
m majority of directors shall constitute
h quorum for the transaction of business.
v All such elections shall be held by b;
lot and conducted at the Office of the CO
a. poration under the supervision of t,
)f commissioners to be appointed by
Board of Directors.
: Notice of such meeting and of all 9th
n stockholders meetings shall be given
~ the manner prescribed by law. and. VIII
= not so prescribed. then written notice
,r such meetings shall be deposited at les
20 fifteen Q5) days prior to the date of So
fo meetings in the post-office of the City
"a New Orleans, postage prepaid. proper
NJ addressed to each stockholdar at his h
m known residence or place Of business.
ID At all such elections and at all corp,
ate meetings, every stakeholder shall
IN entitled to one vote for each share of sto
ne standing in his name on the books of I
" corporation to be cast by him in pers
n or by his written proxy and a majority
D. the votes cast shall elect.
Any vacancy occurring among the
te rectOrs by death, resignation or Otherwi
We shall be filled by election for the un.
Il, pired term by the remaining directors.
Gu A failure to elect directors on the d
o. above specified shall not dissolve the C
g poratiOn nor impair its corporate existeI
"a and management, but the directors then
~ office shall remain in Office until their 81
II' cessors shall have been duly elected q
- qualified.
The Board of Directors SHALL annual
on at Its first meeting after election, el
or from its own number a President, and
er Vice-President. They shall also elect
m. Secretary and a Treasurer or one per-
to act as both Secretary and Treasul
n Der Of said Board The Board of Dir
-. tors NAV also elect one or moro AssiSt