The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-17
CHARTER OF THE MARITIME TRAD
ING CORPORATION

CHARTER OF THE MARITIME TRAD
ING CORPORATION
United States of America. State of Lou
iSana. Parish of Orleans, City of New
Orleans, Be it 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, 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 more
particularly of Act 267 of the General As
sembIy 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 person,
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 1.-The name and title of thfs
corporation shall be The Maritime Trad
name, IL shall rave power and authority
to have and enjoy corporate existence for
n period of ninety nine years from date
hereof, unless sooner dissolved by liqui-
datiOn or otherwise. 1t shall have 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; TO
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, ruleSand 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 OF
process shall be made upon the Presi-
dent. or. in his absence, upon a Vice
President.
ARTICLE III-The objects and pur-
ganized and created, and the nature OF
the business to be carried on by it ar,
declared to be as follows:
To build, construct, remodel, repair,
transport, buy, sell, mortgage, hypothe-
cate, or other incumber, dispose of, or
deal in steamships, sailing vessels, or
water craft and floating properties of
any nature whatsoever, and the appurr-
enances, apparatus and supplies thereof,
of any nature whatsoever; to construct,
establish and conduct any plants or WORK
shops, warehouses or storerOOms which
may be necessary for properly prOsecut-
ing such purposes; and, generally, to
do and perform all things appertaining
and incidental to the carrying out and
proper execution of the objects and pur-
poses herein mentioned.
ARTICLE IY--The capital stock of this
corporation is hereby fixed at the sum
of Thirty Thousand ($30000.00) 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
dered to the corporation, or other equiva-
lent Of cash as provided by law, and
in such manner and at such time and in
such installments may be prescribed
by the Board of Directors.
This corporation shall become a going
concern and shall be authorized to COM
mence business as soon fifty (J0) per
cent of its capital stock shall have been
subscribed, and fifty 500 per cent of
all stock subscribed for shall in fact hav.
been paid for, either in cash or its equiv
alent.
ARTICLE V-The capital stock of this
corporation may be increased to the sum
VI rHty InOuSand (SOU,UOU.VU) Dollars,
Dy vote OF twO-thirds of all the stock
present or represented at a special meet
ing called for that purpose, at a regular
annual meeting of the corporation.
ARTICLE Wall 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 regulations
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, at price not exceeding the
book value thereof; and said stockholders,
in proportion to their holdings, shall have
an option and first right to purchase, at
the book value of such stock on Deem
Der 31st, last preceding, I'll the shares of
stock to be thus disposed of by sale or
otherwise of any of the stockholders, ana
shall have period of ten days in which
to accept or decline said offer. Should
the stockholders decline to purchase said
stock, then such stakeholder is at liberty
to sell or dispose Of the stock, and may
do so in any manner and at any price
he may deem fit.
Each share of stock is issued herein,
upon the condition and understanding
that no stakeholder shall sell or other
Wise lrdnsIer MS STOCK IN violation here
or, and any such sale or transfer, if made.
shall be void, and this corporation shall
be under no obligation to list said stock
on its books or to regard the holder OF
the certificate thereof
ARTICLE NI1-The corporate powers
OF this corporation shall be vested in and
exercised by a Board Of not less than
three nor more than five directors, a,
tire option Of the stockholders. two to
constitute a quorum for the transaction
or business, should there be three direct
ors' and three to constitute a quorum for
the transaction Of business, In the event
that there be more than three directors.
The directors of the corporation may vote
IN person or by written or telegraphic
proxy at any OF the meetings of the
Board of Directors; and the Board of
directors may delegate any of its powers
to any officer or officers. or any other
representative of the corporation, by ap-
propriate resolution to that effect
The first Board of Directors of this
corporation shall be composed Of the fol-
lowing:
Isaac Marx, Edward Marx, Lester Seid-
enbach, Adolph DiefenthaI; with the fol-
lowing as officers:
Isaac Marx, President; Edward Marx,
Vice-President: Lester Seidenbach, Sec
rotary and Treasurer; and they shall
serve until the second Wednesday in JAN
uary, 1922, or until their successors are
elected and qualified.
The directors shall be elected annually
1T a meeting held on the second Wednes-
day of January in each year after such
date. Notice OF said meeting shall be
given fifteen days prior to the date of
mail to each stakeholder, at his last
known place Of resideuca The po.rd 80