The herald., 1921-12-22
CHARTER.
CHARTER OF THE EXPORT SELLING
AGENCY, INCORPORATED.


in the year One Thousand Nine Hundted
and Twenty-one, before me. ROBERT
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 APP
peared the persons whose names are
hereuntO subscribed, who declared that,
availing themselves of the provisions of
the laws of this State, in such cases
made and provided, relative to the
organization of corporations, they have
covenanted and agreed, and do by these
presents covenant and agree, bind, form
and constitute themselves, as well as
such other persons as may hereafter
Join or become associated with them,
into corporation and body polite iU
law, for the objects and purposes and
under the agreement and stipulatOns
following, to-wit:
ARTICLE 1.-The name and style of
the corporation shall be the EXPORT
SELLING AGENCY, INCORPORATED,
and under that name it shall have and
enjoy all the rights, advantages and
privileges granted by law to corpora
tons; it shall exist for 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; to make and use corporate SEAL
and the same to break or alter at pleas
ure; TO hold, receive, purchase, convey,
mortgage, hypOthecate and pledge prop
erty, real. personal or mixed; to issue
bonds, notes and other obligations; to
have and employ such officers, managers
directors, agents and other employees 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 expedient
ARTICLE 2.-Tne 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-
cIared 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-
lions, 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 267 of 1914.
ARTICLE S.-The capital stock Of this
corporation is hereby fixed at the sum of
Five Thousand Dollars ($5,O000O), which
amount may be increased to sum not
exceeding One Hundred Thousand Dol
lars, divided into fifty shares of One
Hundred Dollars (s100.O0) each, which
shall be 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
shall be full-paid ana non assessable. No
transfer of stock shall be binding upon
the corporation unless made upon its
books, and all certificates Of stoc,t shall
be signed by the President or Vice
President and the Secretary Of said cor
poration.
Said corporation to begin business
,h.n nfttnn nf thn al
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 cita-
tions and other legal process shall be
served on the President, and in his
absence, on the Vice-President of said
corporation. In case of the absence or
inability of both of said officers, then
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.-AlI the corporate powers
of this company shall be vested in, and
the management and control OF Its bust
ness and affairs shall be exercised by
Board of Directors composed of three
(3) stockholders, which number may be
increased to no more than seven, at the
discretion of the Board Of Directors,
majority of whom shall constitute
quorum for the transaction Of all bust
ness. Said directors shall be elected
every year on the first Monday of Octo-
Der. beginning with the year 1922. Each
stakeholder shall be entitled in person or
by written proxy to one vote on every
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
such rules and regulations as may be
determined by the Board of Directors
and after at least ten days notice in
writing of such election shall have been
given to each stakeholder at his last
known address, or by publication in one
Of the daily newspapers published in the
English language, in the City Of New
Orleans, for at least ten days preceding
such election. The directors thus elected
shall continue in office for one year, or
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
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 a
President one or more Vice Presidents,
Secretary, and a Treasurer 1t may
combine the two last mentioned offices
into one, and may even elect a Secretary.
who need not be a stakeholder. Said
Board of Directors shall I'LL all vacan-
cieSuNpong the officers of the corpora
shall have the right to appoint
miss such clerks, managers and
Employees of the corporation, in
the Secretary, who is not a stock
II. as conditions may justify or the
zsiness of the corporation may require.
The tenure of office of all employees Of
this corporation shall be during the
pleasure Of the Board of Directors.
ARTICLE 6.-The original subscribers
to this act OF Incorporation consist of
Charles Lobner, whose postofice address
Is New York City, N. Y; Edward Open
heimer, whose pOstoffice address is Cow
ingtOn, La, and III. s. Renshaw, whose
postoffce address is New Orleans, La.
ARTICLE mo stakeholder shall
ever be held liable or responsible for the
contracts, faults or debts of this corpor-
alton, nor shall any mere informality
in its organization have the effect of rem
dering this Charter null, or of exposing
stakeholder to any liability beyond the
unpaid balance, due on the shares Of
stock owned by him.
ARTICLE S.-This act of incorporation
may be changed, modified or altered, or
this corporation may be dissolved in full
accordance with the terms and provisions
as fully set forth in Act No 267 of the
General Assembly of the State of Louis
lana for the year 1914.
ARTICLE 9.-Until the election to be
held in 1922 the following named stock
holders shall constitute the first Board
of Directors, viz:
Tohn