The herald. [volume] (New Orleans, La.) 1905-1953, 1921-01-27
CHARTER
CHARTER OF THE MERCANTILE FOR
WARDING COMPANY, INC.

isiana. Parish of Orleans, City of New
Orleans. Be it known, That on this
9th day of the month of Decem-
Der. in the year of our Lord, one thous-
and nine hundred and twenty, and of the
Independence of the United States OF
America, the one hundred and forty fifth,
before me- Alfred Charles Hammer, a no
tary public duly commissioned sworn and
qualified in and for the Parish of Orleans,
State OF Louisiana, aforesaid, ana In the
presence 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 covenantRd and agreed
and do by these presents, covenant, agree
| and bind themselves, as well as all such
i persons as may hereafter become asSo-
ciated with them, to form n corporation for
the objects and purposes and under the
articles and stipulations following, tO-wit:
| ARTICLE 1.-The name of this corpora
! ton shall be Mercantile Forwarding Com
pany, 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 mine years from and after the date
/ hereof: to contract sue and be sued; 10
/ make and use a corporate seal and the
same 10 break or alter at pleasure; to hold
| receive, lease, purchase and convey. as well
| as mortgage and hypOthecate 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-
| duct, management and regulation of the
affairs of said corporation as may be neceS-
sary and proper.
! ARTICLE 1.-THE domiciTe 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 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 a 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 imDOrt and pX-
port merchandise and to engage in foreign
and domestic commerce for its own account
ana, or as agent or broker; TO act rs
shipping agents and fOrwarderS of freight
to act as insurance agent or broker: tC
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 OF
evidences of debt: to own or charter anC
r operate ships and other watercrafts; t
own or lease and operate public and priy
ate warehouses and to accent and dea
In bills of exchange and other evidences
of debt representing loans or advances OF
: merchandise in warehouse or in transit
TO subscribe to and, or otherwise ACQUIRE
and own the stocks and bonds of othp
corporations; to guarantee the bonds o.
otiier obligations of persons, firms an,
corporations and the dividends on stocks 0
other corporations; to establish branche
and agencies in the United States and else
! where; to acquire, purchase and REISSUE
= its own stock as far 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.
o ARTICLE Iv.-The capital stock of thi
: corporation is hereby fixed at the sum o
/ twenty-five thousand dollars 1926. 900 90
divided into and represented by five hun
5 dred 5000 shares of stock of the par valu
or nifty dollars (S50.00) each. Said stool
shall be paid for in cash, at such time
\ In such amounts and after such notice Z
the subscribers as may be fixed by tn
. Board of Directors. and the same NAV b
Z issued at not less than par for labor don
or property actually received by the cor
poratiOn.
{ This corporation shall become a goin,
I as soon as fifty (50) per cent of its CAPITA
n stock shall have been subscribed and pai
r for.
e The amount to which the capital stock q
Z this corporation may be increased shall b
! the sum of one hundred thousand dollar
e (s1O0OO0.O0).
e ARTICLE v.-An Of the corporate DOW
: ers of said corporation shall be vested 1
v and exercised by a Board Of Directors I
e be composed of not less than three (3) no
: more than five (5) stockholders Of the COZ
1, poration 1.-THE number of directors to b
l. elected for the ensuing year to be d.
V termined by the Board of Directors nc
= less than thirty 800 days before the dat
of the annual election), to be elected nj
n nually at general meeting of stockholt
'e ers to be held on the third Wednesday
e. January of each year. except the fir,
v Board of Directors appointed in tn
is charter who shall hold their Offices unit
the third Wednesday in January, 1922.
m majority of directors shall constitute
h quorum for the transaction of business
" All such elections shall be held by ba
lot and conducted at the Office of the co
a. poration under the supervision of tw
Oh commissioners to be appointed by Il
Board Of Directors.
y NOliCt OI SUCH meeting ana or all 9th,
~ stockholders meetings shall be given
~ the manner prescribed by law, and. wht
not so prescribed, then written notice ,
ar such meetings shall be deposited at lea
40 fifteen (15) days prior to the date of sal
sc meetings in the post office of the CITY
"a New orleans, postage prepaid. proper
10 addressed to each stakeholder at his la
IN known residence or place of business.
I'd At all such elections and at all corpo
ate meetings, every stakeholder shall
i'll entitled to one vote for each share of sto,
he standing In his name on the books of ii
~ corporation to be cast by him in perst
n or by his written proxy and a majority
p the votes cast shall elect.
Any vacancy occurring among the d
re rectors by death, resignation or otherwis
We shall be filled by election for the une
u, pred term by the remaining directors.
A failure to elect directors on the da
av above specified shall not dissolve the co
g poration nor impair its corporate oxisten
"A and management, but the directors then
- Office shall remain in office until their su
n cessors shall have been duly elected al
a. qualified.
The Board of Directors shall, annual
IN at its first meeting after election, ele
or from Its own number President and
er ice-President. They shall also elect
n Secretary and a Treasurer or one pers,
to act as both Secretary and Treasure
er either OF whom may or may not be a mel
n Der of said Board. The Board of Dire
Nv tors may also elect one or more Assista
u Secretaries and one or more Assista
or Treasurers, neither of whom need be mer
We oers of the Board or stockholders in tn