The herald., 1921-02-03
CHARTER
CHARTER OF THE MERCANTILE FOR
WARDING COMPANY, INC.

lNlNWd.
Orleans. Be it known, That on this
9th day of the month of Decem-
Der, in the year of our Lord, one thOus-
and. nine hundred and twenty, and of the
Independence of the United States of
America. the one hundred and forty fifth,
before me. Alfred Charles Hammer, no
tary public duly commissioned. sworn and
qualified in and for the Parish of Orleans.
, State of Louisiana, aforesaid and in the
presence of the witnesses hereinafter
named and undersigned. personally came
and appeared the several persons whose
names are hercunto subscribed, who sever
ally declared that. availing themselves of
the provisions of the laws of the State of
Louisiana in such cases made and pro
yided. 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-
Ciatcd with them, to form 4 corporation for
| the objects and purposes and under the
articles and stipulatiOns following, to-wit:
ARTICLE 1.-The name of this corpora
! ton shall be Mercantile Forwarding Com
pany. Inc, and under its said corporate
name it shall have power and authority to
have and enjoy corporate existence and
succession for the full term and period Of
ninety nine years from and after the dat"
hereof: TO contract, sue and be sued; to
make and use a corporate seal and the
same to break or alter at pleasure: to hold.
receive. lease, purchase and convey, as well
As mortgage and hypOthecate, property.
! real. personal ana mixed. as well as cor
pOrcal 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
tpreStS 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 5 may be neces-
| sary and proper.
ARTICLE 1.-THE domicile of said cor
| pOratiOn shall be in the City of New Or
leans. State of Louisiana. and all citations
| or other legal process shall be served upon
| the President of said corporation or in
! the event of his absence, upon the Vice
President thereof, or, in the absence of
| said officers, upon the Secretary of said
| corporation.
| ARTICLE III-The objects and purposes
/ for which this corporation is established
| and the nature of the business to be car
ried on by it are hereby declared TO be:
To carry on general shipping and for
| warding business including the receiving.
| handling, shipping, forwarding and trans
! porting of goods. wares, merchandise and
! all classes of freight domestic or foreign.
| by land or by water; to import and eX-
port merchandise and to engage in foreign
and domestic commerce for its own account
and, or as agent or broker; to act as
| shipping agents and f0rwarders of freight
| 10 act as insurance agent or broker; to
1 account
| or as agent or broker, real estate, tene-
| mentS. railroads, tramways. watercrafts
| merchandise and other personal property.
d leases, mortgages, stocks bonds, deben-
| lures, notes. drafts and other securities or
evidences of debt; to own or charter and
| operate ships and other watercrafts: to
own or lease and operate public and priv
ate warehouses and to accept and deal
in bills of exchange and other evidences
of debt representing loans or advances on
merchandise in warehouse or in transit
to subscribe to and, or otherwise acquire
and own the stocks and bonds of other
corporations; to guarantee the bonds or
other obligations of persons, firms and
corporations and the dividends on stocks of
other corporations; to establish branches
ana 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 perform any and all
| things and to exercise and enjoy any and
all rights or powers pertinent or Incl.
designated.
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at the sum of
twenty-five thousand dollars 1895. OOO. OO)
! divided into and represented by five hun
dred (5OO) shares of stock of the par value
Of fifty dollars $4,000 each. Said stock
| snail be paid for in 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 may 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 rs fifty (50) per cent. of its capital
stock shall have been subscribed and paid
for.
The amount to which the capital stock Of
this corporation may be increased shall be
the sum of one hundred thousand dollars
(S100,000.O0).
ARTICLE V.-All of the corporate now.
ers of said corporation shall be vested in
and exercised by Board of Directors Il
be composed of not less than three (3) MOI
more than five 90 stockholders of the cor
poratfon (the number of directors to b,
elected for the ensuing year to be de.
termined by the Board of Directors moi
less than thirty 800 days before the dat,
OF the annual election), to be elected an
nually at general meeting of stOckhoId
ers to be held on the third Wednesday il
January OF each year, except the frs
charter o who ssa bod d in h
the third Wednesday in January, 1922 4
majority of directors shall constitute :
quorum for the transaction of business.
All such elections shall be held by bal
r lot and conducted at the Office of the cor
porauon under the supervision of tw,
commissioners to be appointed by tn,
Board of Directors
Notice of such meeting and of all othe,
stockholders meetings shall be given il
the manner prescribed by law and wher
not so prescribed. then written notice O.
such meetings shall be deposited at Ieas
ffteen 15) days prior to the date of sale
meetings in the post-office Of the City o
New Orleans, postage prepaid. properly
addressed to each stakeholder at his las
known residence or place of business.
r AT all such elections and at all corpor
ate meetings, every stakeholder shall h,
entitled to one vote for each share of stool
standing in his name on the books of tn,
corporation to be cast by him in person
} or by his written proxy and a majority O
/. the votes cast shall elect.
Any vacancy occurring among the di
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 dat,
above specified shall not dissolve the cor
poration nor impair its corporate existenc,
and management, but the directors then IL
Office shall remain in office until their sue
cessors shall have been duly elected ant
qualified.
? The Board of Directors shall, annually
, at It's first meeting after election, cleo
, from Its own number President and !.
vice president. They shall also elect
secretary and Treasurer or one person
TO act as both Secretary and Treasurer
either of whom may or may not be n mem
( Der of said Board. The Board of Direc
tors may also elect one or more Assistan
5 Secretaries and one or more Assistan
, Treasurers, neither of whom need be mem
, bers of the Board or stockholders in thi
CORPORATION