The herald., 1921-10-27

Jnlteu states or America, State OF Lon |
lsiana. Parish of Orleans, City of New |
Orleans, BE il known. that on this Sth |
day of the month of October, in the year |
of our Lord, one thousand nine hundred |
twenty-One, and of the Independence of
the United States of America the one
hundred and forty sixth, before me. VIII |
liam j. Guste. a notary public. duly com.
missiOned and qualified, in and for the
parish and state, therein residing, and IN
the presence of the witnesses hereinafter
named and undersigned, personally came
and appeared the several parties whose
names are hereuntO subscribed, who sew
orally declared that. availing themselves
of the laws of the State of Louisiana in
such cases made and provided. and moro
particularly of Act 267 of the General AS
sembly of the State of Louisiana of 1914
relating to the creation, organization and
formation of corporations. they have COW
enanted and agreed, and by these pres
entS do hereby covenant, agree and bind
themselves, as well all other persons
as may hereafter become associated with
them, to form a corporation for the OBJ
jects and purposes under the articles and
stipulatiOns following, which they hereby
adopt as their charter, tO-wit
ARTICLE THE name and title of THIS
corporation shall be The Maritime Trad
ing Corporation, and under its corporate
name il shall rave power and authority
to have and enjoy corporate existence for
a period of ninety nine years from date
hereof, unless sooner dissolved by lqui-
uatlOn or otherwise. III snail nave power
to contract, to sue and be sued; to make
and use a corporate seal; and TO alter and
break the same at pleasure; TO hold. re
ceive. lease. purchase, transfer assign,
mortgage. hypothecate. pledge or other
wise dispose of property, real. personal
or mixed. corporal and incOrporeal; 10
issue bonds and, If desired, to secure the
same by mortgage; TO hold stocks in other
companies; to make and elect officers and
directors; to make and establish, alter ana
amend bylaws, rul6~and regulations for
its proper government, as may be deemed
necessary and proper for the extension
Of the business in which the corporation
is engaged.
ARTICLE II-Tre dOmicile of this cor
poration shall be in the City of New Or
leans. State of Louisiana, and service or
process shall be made upon the Presi-
dent. or in his absence, upon Vice
President.
ARTICLE III-The objects and pur-
poses for which this corporation is or
gained and created, and the nature Of
the business to be carried on by it are
declared to be as follows:
To build, construct, remodel, repair,
Il transport, buy, sell. mortgage. hypOthe-
L cate. or other incumber. dispose Of, or
| deal in steamships sailing vessels, or
water craft and floating properties of
| any nature whatsoever. and the appurt-
| enances. apparatus and supplies thereof,
| of any nature whatsoever; to construct.
II
| shops warehouses or store-rOOms which
may be necessary for properly prosecut-
ing such purposes; and, generally, to
i do and perform all things appertaining
/ and incidental to the carrying out and
proper execution of the objects and pur-
poses herein mentioned.
| ARTICLE IV-The capital stock of this
| corporation is hereby fixed at the sum
| of Thirty Thousand tS30,0O0.O0) Dollars,
and shall be divided into and represented
by three hundred shares of common stock
| of the par value of $4,000 each.
Said stock shall be paid for in cash,
| or by property. or services actually rem
| dcred TO the corporation or other eGuiva-
lent Of cash as provided by law, and
1 in such manner and at such time ana IN
such installments as may be prescribed
4 by the Board of Directors.
1 This corporation shall become going
i concern and shall be authorized to CON-
i mence business soon as nifty (5O) per
subscribed, and fifty 500 per cent OF
all stock subscribed for shall in fact have
been paid for, either in cash or its equiv
i alent.
ARTICLE v-The capital stock of this
| corporation may be increased to the sum
| of Fifty Thousand ($50,0OOOO) Dollars,
By vote Of twO-thirds Of all the stock
present or represented at a special meet
ing called for that purpose. at regular
annual meeting of che corporation
ARTICLE Wan certificates of stock
issued by this corporation shall be signed
and countersigned by the president or
vice-president and treasurer.
The stock of this corporation can be
transferred only on the books of the cor
poration, and subject to such regulation,
and formalities as may be by the BOARD
of Directors from time to time prescribed
No stakeholder shall be permitted TO sell
or otherwise dispose of his stock withou'
first Offering the same In writing to the
other stockholders through the Board OF
| Directors, Mt price not exceeding tnt
book value thereof; and said. stockholders
in proportion to their holdings, shall have
an option and first right to purchase, AZ
the book value of such stock on Deem
Der 31st last preceding. all the shares OF
| stock TO be thus disposed of by sale oil
| otherwise of any of the stockholders and
| shall have a period or ten DAYS In WnIci
to accept or decline said offer. ShouiC
the stockholders decline TO purchase sa1C
stock then such stakeholder is Mt liberty
to sell or dispose of the stock, and ma!
do so in any manner and at any pric'
he may deem MT.
Each share of stock is issued herein
upon the condition and UNDERSTANDING
that no stakeholder shall sell or other
wise transfer his stock in violation here
Of and any such sale or transfer, II made
shall be void. and this corporation shai
, be under no obligation to list said stool
. on its books or to regard the holder o
the certificate thereof.
ARTICLE VII-The corporate power
! of this corporation shall be vested in ant
exercised by a Board of not less thai
. | three nor more than five directors,
, tire option of the stockholders. two Z
! constitute a quorum for the transactio,
of business, should there be three direct
ors, and three to constitute quorum 10
the transaction Of business. in the even
that there be more than three directors
, The directors of the corporation may yoo
In person or by written or telegraphf
proxy at any of the meetings of tn
Board of Directors; and the Board o
| Directors may delegate any of its power
to any officer or officers. or any othe
| representative of the corporation. by ap
prepriate resolution TO that effect.
The first Board of Directors OF TIL
corporation shall he composed OF the foi
Isaac Marx. Edward Marx. Lester Seid
enbach, Adolph Diefenthal; with the fol
lowing as officers:
Isaac Marx, President: Edward MARI
vice-President; Lester Seidenbach, Sec
rotary and Treasurer; and they shat
serve until the second Wednesday in Jan
uary, 1922. until their successors ar
elected and qualified. =,
The directors shall be elected annuall
ri a meeting held on the second Wednes
|, day of January in each year after sue
, date. Notice of said meeting shall b
given fifteen days prior to the date o
: the said meeting. in writing. sent b.
mail to each stakeholder. at his las
: known place Of residence The Board o
! Directors may change the date Of sal
: annual meeting to any other date, b
l xurifton uofiro IN that effect sent Mt lea