The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-03
CHARTER OF MoKHAN-AyENGO, INC.

United States of America, state or
Louisiana. Parish of Orleans, Re 1t known
that en- this twelfth day of the month OF
October in the year OF our Lora, one
thousand nine hundred and twenty-one:
and of the Independence Of the United
States of America. the one hundred ana
forty-fifth, Before me. Leslie fa'tou
Beard. a notary public in ana lot III"
therein residing and in the presence or
the witnesses whose names are hereuhto
subscribed. personally came ana appeared
the several persons whose names are heIn
unto subscribed, who declared that aNali-
ing themselves of the provisions OF inc
Laws of the State of Louisiana. relative
to the organization and formation OF cor.
pOrations, and more particularly Oh AZ
No 267 of the General Assembly OF the
stat. of Louisiana for the year IDA, they
have covenaBted and agreed and they 90
by these present hereby covenant dSree'
bind and obligate themselves, as Wen as
such other. persons may hereafter
become associated with them, to form ana
constitute a corporation and body pontlc
in Law for the objects ana purposes anu
under the conditions and stipuiatlons Iol-
lowing. which they adopt as their Charter
to-wit:
ARTICLE 1.-The name. style and title
of This corporationsis hereby declared to
be Morhan-Avengo, Inc. ana uhuer sun
mamie. and style it shall have and ENJOY
succession and existence for period oI
ninety-nine 1907 years from date hereof
unless sooner dissolved by liquidation or
| otherwise 1t shall have power ana au'n-
ority to contract, sue. ana De sueu, 70
make and use a corporate seal the same
IN hreak and alter at pleasure; to hold
| nurchase sell, lease, mortgage, trahsief'
| hypothecate and pledge property, rear, per
| sonal and mixed. corporeal ana incorpc
| real and to hold stock In any other Gun
| nany or companies that may assist this
| company in it's objects and purposes 10
| make and issue bonds and other evidences
| of indebtedness; II desired 10 secure saIno
by mortgage; to name ana eiect uir ,sniorS
| and other officers, managers ana employ
| ees and to establish. alter and amend by
/ laws rules and regulations Tor It's proper
| government as may be deemeu hecessaIs
and proper and generally; 10 40 ans .nia :
| act or thing necessary LOT the caIrSine
on of its business.
ARTICLE 1.-THE domicile OF this cor
| poration shall be in the City OF New UT
loans. state of Louisiana: and service OF
| citation and other legal process shaIl DC
served upon the President or In MS ao'
sence. upen the Secretary Treasurer.
ARTICLE uI-The objects and pur-
| noses for which this corporation is or.
ganized and created, and the nature VI
the business TO be carried on by IL are
declared to be as follows: To CONDUCT
General brokerage and commission bus,
mess in Cotton and Cotton Linters, ano
TO that end to purchase, lease, or otner
| wise acquire and sell, mortgage hypotne
|
nersonal or mixed necessary for the con
| duct of its business; and, generally, u
40 any act or thing incident to the ger
. name purposes herein expressed
ARTICLE Iv-Ths capital stock o
! this corporation is t hereey nA dollar,
no 600 oO1 and shall be divided into ant
represented by one hundred (lool snare
|, of Common stock for the par vaiue u
, one hundred dollars S1OO.Oo) each, wnlci
: oot1 nd mas
said stock shall be paid for In cash, o.
nv nroperty or services actually RENDERED
10 the corporation, or other equivalen
Of cash as provided by Law ana at SUI
. time and manner as may De prescfioe'
; by the Board Of Directors.
2 This Corporation shall become a goini
concern and authorized 10 commence pus
{ iness when fifty per centum (5O) or tni
\ eanital stock shall have been subscrloe'
and paid.
: The CAPITAL stock Of this corporation
. | NAV be increased to the sum OF one nun
dred thousand dollars ($lOoWoVoI as pro
| vided by Law.
No stockholder shall sell or otherwis
. disnose of his or her stock without mrs
Offering IL in writing TO the ooun
!. 4 stockholders through the Board OF Direc
!. tors. at its book value. and the stocs
n holders shall have fifteen days witnl
: | which TO accent or reject such oner De
e fore same being placed on the puoh
| market. ..-. ,
. | this corporation shall he vested In an
\ exarcised by a Board of not less tina
. tbre nor more than FIVE directors, ms
4 iority of which shall constitute quorui
, for the transaction OF business.
!, Any director who is unable to atten
4 any meeting Of the Board and Is othei
4 wise incapacitated from performing tn
v functions of his Office by reason OF u
L ness, or otherwise may appoint IN VT,
i. rectors to act for him and rs his prox
Il and the Board Of Directors may deiega
any of his powers to any officer, or O
II fcers. or representative Of this corpor'
I. The frst Board Of Directors Of this CO.