The herald., 1921-01-13
CHARTER
CHARTER OF THE MERCANTILE FOR
WARDING COMPANY. INC.

United States of America, state o. Lou !
isiana, Parish of Orleans, City OF New |
9th day of the month of Decem- |
Der. in the year of our Lord, one th"us-
and. nine hundred and twenty, and of the |
Independence of the United States of
before ne Alfred Charles Hammer, no
tary public, daily commissioned, swOrr and
qualified in and for the Parish of Orleans,
State of Louisiana, aforesaid, and in the
presence CT the witnesses hereinafter
named and undersigned, personally came
and appeared the several persons whose
names are hereuntO subscribed. who sever
ally declared that, avail.Hg themselves ~
the provisions of the laws of the State of
Louisiana IN such cases made and pro-
vided, they have cOvenanted and agreed
and do by these presents, covenant. agree
and bind themselves as well as all such
persons as may hereafter become asSO-
ciated with them, to form a corporation for
the objects and purposes and under the
articles and stipulatiOns following, to-vI-:
ARTICLE 1.-The name of this corpora
ton shall be Mercantile Forwarding Com
paDy, Inc, and under its said corporate
name II shall have power and authority 10
have and enjoy corporate existence and
succession for the full term and period of
ninety-nine years from and afte- the da'a
hereof; TO contract, sue and be sued; to
make and use corporate seal and the
same to break or alter at pleasure: to hold
receive. lease, purchase and convey, as well
as mortgage ana 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 domicile of said cor
pOratiOn shall be in tho City of New Or
leans, State of Louisiana. and all citations
or other legal process shall be served upcr
the president ~ said corporation or. in.
the event of his absence. upon the Vice
President ther, If, or. in the absence of
said officers, upon the Secretary of SAID
cOrpOrata1n.
ARTICLE III.-The objects and purposes
Tor which this corporation is establi~ aed
and the nature Of IT, business to be car
ried on by = are hereby declared to be:
To carry on a general shipping apd for
w;fflnS business including the receiving.
handling, shipping, forwarding and trans
porting of goods. wares, merchandise and
Hh classes os freight. dOmestir or foreign
Wy land or by water; to import and ex-
port merchandise and to engage IN foreign
and domestic commerce for its own account
and, - as agent or broker: % act as
I IL.
10 act az insurance agent or broker: t.
buy, sell and deal in. for il, own account
or as ageL' or broker, rea. estate tene-
m IT'S railroads. tramways watercrafts
merchandise and other personal property
leases, mortgages, stocks. bonds. saben-
| Nlres. noes, drafts ard other securities or
evidences of debt; to own or charteT and
! operate ships and otheT watercrafts; -
! own or lease and operate public and priv
ate warehouses and to accent and deal
| In bills of exchange and other evidences
of debt representing loans or advances on
merchandise in warehouse or in transit !;
| 10 subscribe to and, or otherwise acquire
| and own the stocks and bonds of other
| corporations; to guarantee the bonds or
other obligations of perS ms, firms and
corporations and the dividends on stocks of
other corporations: to establish branches
and agencies in the United States and else.
where; to acquire. purchase and reissue
| ITS own stock as far as may be permitted
by law; to do and perforal any and all
| things and 20 exercise and enjoy any and
all rights or powers pertinent or Incl.
| dental to those hereinbefOre specially
| designated.
ARTICLE IV.-The capital stock of this
. corporation is hereby fixed at the sum of
twenty-five thousand dollars (S25O OO)
divided into and represented by five hun
| dred (5OOD shares of stock of the par value
of fifty dollars $4,000 each. Said stock
shall be paid for il cash, at such time
| In such amounts and after such notice to
the subscribers as may be fixed by the
Board of Directors. and the same NAV be
| issued at not less than par for labor done
or property actually received by the cor
| poration.
/ This corporation shall become a going
concern and be authorized to do business
| as soon as fifty 600 per cent. of its capital
stock shall have been subscribed and paid
| for.
The amount to which the capital stock of
inns corporation may be increased shall be
| the sum of one hundred thousand dollars
| (SlOO,OO0OO.
| ARTICLE V.-Ah of the corporate cow
ers or said corporation shall be vested in
and exercised by a Board of Directors to
| be composed of not less than three C3) nor
more than five 90 stockholders of the cor.
| poration 1.-THE number of directors TO be
| elected for the ensuing year to be de-
| termlned by the Board of Directors not
less than thirty 800 days before the date
| of the annual election), to be elected an
| nually at a general meeting of stockhold.
ers to be held on the third Wednesday in
Board of Directors appointed in this
charter who shall hold their Offices until
the third Wednesday in January. 1922 \
majority of directors shall constitute q
quorum for the transaction of business.
All such elections shall be held nv hal.
lot and conducted at the Office of the cor.
poration under the supervision Of two
| commissioners to be appointed by the
Board of Directors.
Notice Of such meeting and of all other
! stockholders meetings shall be given i'm
| the manner prescribed by law, and when
not so prescribed, then written notice a
| such meetings shall be deposited at least
hfteen 15l days prior to the date of said
meetings in the post-ofice of the City %
| New orleans, postage prepaid, properly
addressed to each stakeholder at his last
known residence or place of business.
At all such elections and at all corpor-
| ate meetings, every stakeholder shall he
entitled to one vote for each share of stock
standing in his name on the books of the
corporation to be cast by him in person
or by his written proxy and a majority OF
the votes cast shall elect.
Any vacancy occurring zong the d.
rectors by death, resignation or otherwise
snail be filled by election for the unex-
pred term by the remaining directors.
| A failure to elect directors on the date
above specified shall. not dissolve he cor.
poration nor impair its corporate existence
and management, but the directors then in
office shall remain in office until their sue.
cessors shall have been duly elected and
qualified.
The Board of Directors shall. annually
IT its first meeting after election, elect
from its own number'a President. and $
vice-President. They shall also elect {
Secretary and n Treasurer or one person
to act as both Secretary and Treasurer
either OF whom may or may not be a mem
Der of said Board. The Board of Direc
tors may also elect one or more Assistan N
Secretaries and one or more Assistap
. Treasurers, neither of whom need be mem
bers OF the Board or stockholders in thi