The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-03
CHARTER OF THE MARITIME TRAD
ING CORPORATION


Orleans. BE IL known, that on this 18th |
day of the month of October. in the year !
Of our Lord, one thousand nine hundred |
twenty one. and of the Independence Of /
hundred and forty sixth. before me, VII |
liam j. Guste. notary public. duly com |
missioned and qualified. in and for tho |
parish and state therein residing. and In |
the presence of the witnesses hereinafter |
named and undersigned. personally came
and appeared the several parties whose |
names are hereuntO subscribed, who sew
orally declared that, availing themselves
of the laws of the state of Louisiana. in
such eases made and provided. and more
particularly Of Act 2GG of the General As
| Scmbly of the State Of Louisiana OF 1914.
relating 20 the creation, organization ana
formation of corporations, they have COW
| enanted and agreed. and by these pres
rnts do hereby covenant, agree and bind
| themselves, well as all other person,
as may hereafter become associated with
them. TO form a corporation for the OO,
| jects and purposes under the articles and
| StipulatiOns following. which they hereby
| adopt as their charter. to-wit:
| ARTICLE The name and title of this
| corporation shall be The Maritime Trad
| ing Corporation. and under its corporate
| name. it shall rave power and authority
| 20 have and enjoy corporate existence FOR
| period of ninety mine years from date
| hereof unless sooner dissolved by liqui-
/ latiOn or otherwise. 1t shall have power
| TO contract to sue and be sued; to make
| and use corporate seal; and to alter and
| break the same at pleasure; TO hold. re
| reiVe, lease. purchase, transfer, assign,
| mortgage. hypothecate, pledge or other
| wise dispose of property, real. personal
| or mixed. corporal and inCorporeal; 10
| issue bonds and. If desired to secure the
| same by mortgage: to hold stocks in other
| companies: TO make and elect officers ana
| directors; TO make and establish. alter and
| lmsud bylaws. rule~and regulations for
its proper government, as may be deemed
| necessary and proper for the extension
If the business in which the corporation
Is engaged.
| ARTICLE II-Tre domiciIe of this cor.
| poration shall be in the City Of New Or
| leans State of Louisiana. and service or
| process shall be made upon the Presi-
| dent. or, in his absence, upon Vice
| President.
ARTICLE II-The objects and pur-
| poses for which this corporation is or
! ganzed and created, and the nature of
he business to be carried on by it are
| declared to be as follows:
TO build, construct remodel repair.
| transport. buy, sell, mortgage, hypOthe-
| cate or other incumber, dispose Of or
deal In steamships. sailing vessels, or
| water craft and floating properties of
my nature whatsoever, and the appurt.
| anances. apparatus and supplies thereof,
| Of any nature whatsoever: to CONSTRUCT,
| establish and conduct any plants or WORK
| shops warehouses or ctore-rooms which
may be necessary for properly prosecut-
| ing such purposes; ana, geheraly' u
| 10 and perform all things appertaining
and incidental to the carrying out and
| proper execution of the objects and pur-
| poses herein mentioned.
| ARTICLE IV--The capital stock Of this
corporation is hereby liked at the sum
r | If Thirty Thousand (S30,OOOOO) Dollars
| and shall be divided into and represented
L by three hundred shares of common STOCK
| Of the par value of $4,000 each.
! Said stock shall be paid for In cash
I | or by property, or services actually rem
| Tered to the corporation, or other eIuiva
: | lent of cash as provided by law, anC
: | N such manner and at such time and II
| such installments as may be prescribed
/ | by the Board of Directors
This corporation shall become goih!
/, | concern and shall be authorized to com
d mence business as soon as fifty 500 pc
| cent of it's capital stock shall have beel
: | subscribed, and fifty 900 per cent
| al stock subscribed for shall In fact nav
| Oeen paid for, either In cash or lts equiv
| alent.
n ARTICLE V-The capital stock of thi
= | corporation may be increased to the sun
h | Of Fifty thousand ($5OOOOOO) Dollars
O 6y vote of two-thirds Of all the STOCK
:. | present or represented at special meet
:. ing called for that purpose, at a regula
!. | annual meeting of the corporation
e ARTICLE Vl-afI certificates of stoc
! | issued by this corporation shall be signe
/ | and cOuntersigned by the president o
~ l Nlce-DreSlueHI anu
The stock of this corporation can o
'e transferred only on the books of the col
l. poration, and subject to such regulation
~ | and formalities as may De Dy the pUhI
Dt | Of Directors from time to time prescripe'
| No stakeholder shall be permitted 10 Sc
( | or otherwise dispose of his stock withot
]. irst Offering the same in writing TO On
ID other stockholders, through the Board
Directors, at price not eXceeuihg W
A. nook value thereof; and said stockholder
Us | in proportion to their holdings, snail nay
u an option and first right to purchase,
rs he book value of such stock on Deceh
pc | Der 31st. last preceding, all the shares
ne | stock to be thus disposed OF by sale
sc | otherwise of any of the stockholders an
e shall have a period of ten days In %hlG
ne | 70 accent or decline said offer. Snou
~ | he stockholders decline 10 purchase sd
III | stock. then such stakeholder is at iiber,
40 | 70 sell or dispose of the stock, ana ms
le' 10 so in any manner ana at any pri
u ne may deem MT.
- Each share of stock is issued herei
- upon the condition and underestimate
hat no stakeholder shall sell or othe
~ | wise transfer his stock in violation her
=, | VI. and any such sale or transfer, II mad
81 | SbaI be void. and this corporation sht
he | ne under no obligation to list SAID sto'
oe an its books or to regard the holder
~ The certificate thereof.
q ARTICLE VII-The corporate powe
~ | If this corporation shall be vested In al
~ exercised by Board OF not less Uni
d. three nor more than i've directors.
he tire option of the stockholders. TWO
ne constitute n quorum for the transacti'
-, Of business, should there be three direc
"a | nrs, and three TO constitute a quorum I
' | the transaction of business. In the eve
~, | that there be more than three director
ue The directors of the corporation may va
,Is in person or by written or telegraph
'n' proxy at any of the meetings OF Z
~, | Roard of Directors; and the Board
IT Directors may delegate any of Its powe
-. | 10 any officer or officers, or any otn
4! | representative OF the corporation: Dy q
nss | propriate resolution to that erect =,
~. ~ The first Board of Directors or u
III CORPORATION shall be composed OF the II
,,t | lowing: c.,
mi Isaac Marx. Edward Marx. Lester Sci
"e pnbach. Adolph Diefenthal; with the II
lowing as officers:
Isaac Marx. President: Edward MAJ
:. vice President: Lester Seidenhach. -
NJ retary and Treasurer: and they sh
:. serve until the sec6nd Wednesday in ia
at nary, 1922 or until their successors
-. elected and qualified.
~ The directors shall be elected annua
a. | 70 a meeting held on the SECOND Wedn'
l 10, | day of January in each year after So
~ | date Notice Of said meeting snail
-, eu given fifteen days prior to the date
10 the said meeting. in writing. sent
o. o. mail TO each stakeholder, at his u
.oi known place of residence. The Board
~, Directors may change the date OF 81
w. annual meeting TO any other date.
hh- written notice to that effect: sent at ie