The herald., 1921-12-29
CHARTER.
CHARTER OF THE EXPORT SELLING
AGENEN. INCOkHOKATED.

LEGIER a Notary Public duly commits
stoned and qualified in and for the Parish
of Orleans, State of Louisiana, aforesaid
therein residing, and in the presence OF
the witnesses hereinafter named and
undersigned. personally came and ap,
pcared the persons whose names are
hereuntO subscribed, who declared that.
avai!InC themselves of the provisions of
the laws of this State, in such cases
made and provided, relative TO the
organization of corporations, they have
covcnarted and agreed, and do by these
presents covenant and agree, bind. form
aud constitute themselves, as well rs
such other persons as may hereafter
join o. become associated with them.
into corporation ami body polite in
law. for the objects and purposes and
under the agreement and stipulatOns
following, tO-wit:
ARTICLE 1.-The name ana style OF
the corporation shall be the EXPORT
SELLING AGENCY, INCORPORATED
enjoy all the rights, advantages and
privileges granted by law to corpora
tons; il shall exist for Il 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: 20 make and use a corporate seal
and the same to break alter at pleas
ure; To hold. receive, purchase. convey
mortgage, hypotheCate and pledge prop.
rrty. real, personal or mixed to issue
bonds, notes and other obligations; to
have and employ such officers. managers
directors, agents and other employers as
the interest and convenience of said cor
poration may require or demand To
make and establish such bylaws. rules
and regulations for the corporate man
agement and control of the affairs of said
corporation as may be deemed necessary
and rXpedient.
ARTICLE 2.-Tmc objects and pur-
poses for which this corporation is
organized and the nature of the business
to be carried on by it 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-
tions. and generally to do and perform
anything necessary or incidental to the
business conducted by said corporation.
with all the powers granted by Section
/ of Act POI of 1914
ARTICLE 3.-The capital stock of this
corporation is hereby fixed ut the sum OF
Five Thousand Dollars ($jO0OOO) which
amount may he increased to sum not
exceeding one Hundred Thousand Dol
lars, divided into fifty shares of One
Hundred Dollars (Si00OO) each, which
shall he paid for in cash, on such terms
and conditions as may be decided by the
BOARD of Directors, or may be issued
for not less than par for property pur-
chased by or service actually rendered |
to said cooperation. An shares of stock !
SHdli bt Iull-pdlu dHO non -dSSeSSdble. No |
transfer of stock shall be binding upon |
the corporation unless made upon its |
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 business
when fifty per centum of the capital
stock shall have been subscribed and
fifty per cent thereof shall have been
actually paid in.
ARTICLE 4-The dOmicile of said cor
pOration shall be in the City of New
Orleans, State of Louisiana. and all eta
tons and other legal process shall be
served the President. and in his
absence. on the Vice-P President of said
corporation. In case of the absence or
said process shall be served on the Sec
rotary of said corporation.
Said corporation shall have the right
and power to establish and maintain and
conduct offices throughout the United
States of America and foreign countries.
ARTICLE 5.-An the corporate powers
of this company shall be vested in. and
the management and control of its bHsi- !
ness and affairs shall be exercised by a q
Board of Directors composed of three | c
CD stockholders, which number may be I
increased to no more than seven. at the t
discretion of the Board of Directors, o {
majority of whom shall constitute y
quorum for the transaction of all bust !
every year on the first Monday of Octo- 4
Der. beginning with the year 1922. Each '
stakeholder shall be entitled in person or !
by written proxy to one vote on every J
share of stock owned by him and stand [
ing in his name on the books Of the COM !
pany. All elections shall be held under u
such rules and regulations as may be c
determined by the Board of Directors !
writing of such election shall have been c
given TO each stakeholder at his last Q
Known address. or by publication in one J
OF the daily newspapers published in the /
English language, in the City of New l
orleans, for at least ten days preceding u
such election. The directors thus elected q
shall continue in office for one year, or y
until their successors shall have been !
duly elected and qualified. No failure !
TO elect shall be regarded as a fOrfeiture
OF this Charter. Any vacancy occurring
on Said Board of Directors shall be filled !
by the remaining directors for the I'M !
expired term. The said Board of Direc- ,
tors shall likewise elect the additional I.
members in case they should determine :
to increase the number on the Board as ..
above provided. Said Board of Directors !
shall at its first meeting after its cleo =,
ton elect from among their number !
President, one or more Vice Presidents, q
Secretary, and a Treasurer. 1t may =
combine the two last mentioned offices
into one, and may even elect Secretary. ;
who need not be q stakeholder Said
Board of Directors shall fill all yacan- =.
cies among the officers of the CORPORA.
ton, and shall have the right to appoint 7
and dismiss such clerks, managers and
other employees of the corporation, in
GLIDING the Secretary, who is not q stock y
holder as conditions may justify or the >
business of the corporation NAV require h
The tenure of office of all employees of !,
this corQQration shall be during the n
pleasur1he Board of Directors. n
B.-The original subscribers f,
TOf incorporation nj | n
oner, whose postOffice address a
FORK city, n. y; Edward Open c
whose postoffice address is Gov Il
ION, La. and II. S. Renshaw. whose b
osofhce address is New Orleans. La. Il
d ARTICLE mo stakeholder shall
ever be held liable or responsible for tho r.
contracts, faults or debts of this corner
alton, nor shall any mere informalitv OF
In its organization have the effect of ron e
dering this Charter null, or of exposing p
stakeholder to any liability beyond the h
unpaid balance due on the shares of h
stock owned by him. $,
ARTICLE 6.-This act of incorporatiou Il
may be changed, modified or altered. or is
this corporation may be dissolved i'm full IL
accordance with the terms and provisions CO
as fully set forth in Act No 267 of the CO
General Assembly of the State of Louis p
lana for the year 1914 Il
ARTICLE 9.-Until the election TO no b
held in 1922 the following named stock 81
holders shall constitute the first Board N
If Directors. viz: q,
Charles Lobner, President; 81
Edward Oppenheimer, Vice President. | W