The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-17
CHARTER OF MOKHAN-AyENGC. INC.

United States of America, State Of
Louisiana, Parish OF Orleans. BE it known
that en- this twelfth day OF the month or
October in the year OF our LORD, one
thousand nine hundred and twenty-one
and of the Independence Of the United
States of America. the one hundred and
forty fifth, Before me. Leslie PATTON
Beard, a notary public in and for the
Parish of Orleans. State or Loulslaha:
therein residing and in the presence OF
the witnesses whose names are hereunto
subscribed. personally came and appeared
the several persons whose names are mere
unto subscribed, who declared that avail
ing themselves of the provisions or the
Laws of the State of Louisiana. relative
to the organization and formation OF cor
pOrations, and more particularly OF ACT
No 26I of the General Assembly OF the
Stata of Louisiana for the year l9l4, they
have coyenanted and agreed and they do
by these present hereby covenant, agree,
bind and obligate themselves, as well as
such other persons as may hereafter
become associated with them, TO form ana
constitute a corporation and body pontlc
in Law for the objects and purposes ana
under the conditions and stipulations fol-
lowing, which they adopt as their charter
to-wit:
ARTICLE 1.-The name, style, and title
of this corporation is hereby declared TO
be Norman Ayengo, Inc, and under such
name and style it shall have and ENJOY
succession and existence for period or
ninety nine (99) years from date hereot,
unless sooner dissolved by liquidation or
otherwise. 1t shall have power and auth
ority to contract, sue. and be sued, TO
make and use a corporate seal, the same
to break and alter at pleasure; to mold
purchase sell, lease, mortgage, transfer,
hypothecate and pledge property, real, per-
sOnal and mixed, corpOreal and incorpc'
real and to hold stock in any other COM
pany or companies that may assist TINS
Company in its objects and purposes; TO
Nhar dan
of Indebtedness; IL desired to secure samo
by mortgage; to name and elect directors
and other officers, managers and employ
ees and to establish. alter and amend ny
laws, rules and regulations for ito proper
government as may be deemed necessary
and proper and generally, to do anything
act or thing necessary for the carrying
on of its business.
ARTICLE 1.-THE domicile Of this cor
poration shall be in the City of New Or
leans State of Louisiana: and service OF
citation and other legal process shall be
served upon the President or, in his ABB
sence, upon the Secretary-Treasurer.
ARTICLE HI-The objects and pur-
poses for which this corporation is or
ganized and created, and the nature or
the business to be carried on by 1t arc
declared to be as follows: To conduct
a general brokerage and commission bus
mess in Cotton and Cotton Linters, ana
to that end to purchase, lease, or other
cate, or otherwise convey property, real,
personal, or mixed, necessary for the con-
duct of its business; and. generally, TO
do any act or thing incident to the ger
name purposes herein expressed.
ARTICLE Iv-Ths capital stock of
the sum of ten thousand dollars
QOO0OOO) and shall be divided into and
represented by one hundred (1OO) shares
of Common stock for the par value of
Al oh. Id oh
shall be fully paid and non assessable.
Said stock shall be paid for in cash, or
by property or services actually rendered
to the corporation, or other equivalent
of cash as provided by Law and at such
time and manner as may be prescribed
by the Board of Directors.
This Corporation shall become a going
concern and authorized to commence bus,
mess when fifty per centum 500 Of this
capital stock shall have been subscribed
and paid.
The Capital stock Of this corporation
may be increased to the sum of one hun
dred thousand dollars ($10O,OO0.0O) as pro-
vided by Law.
No stakeholder shall Sell or otherwise
dispose Of his or her stock without first
Offering it in writing to the body of
stockholders through the Board of Direc-
tors, at its book value, and the stock
holders shall have fifteen days within
which to accept or reject such offer be-
fore same being placed on the public
market.
ARTICLE v-The corporate powers of
this corporation shall be vested in and
exercised by a Board Of not less than
thre nor more than five directors, a ma
jority of which shall constitute a quorum
for the transaction of business.
Any director who is unable to attend
any meeting Of the Board and is other
wise incapacitated from performing the
functions af m.
ness, or otherwise. may appoint in writ
ing another member of the Board Of Dr.
rectors to act for him and as his proxy
and the Board Of Directors may delegate
any Of his powers to any officer, or Of
fcers, or representative Of this corpora
ton by resolution regularly adopted
The first Board Of Directors Of this cor