The herald., 1921-01-20
CHARTER
CHARTER OF THE MERCANTILE FOR
WARDING COMPANY, INC.

United States of America, State of Lou
isiana. Parish of Orleans, City of New
Orleans. BE ii known, That on this
27th day Of the month OF lecrin-
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-hfth,
before me Alfred Charles Hammer, a 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 hCrcuntG subscribed. who sever
ally declared thar. availing themselves of
the provisions of the laws of the State of
Louisiana in such cases made and pro
vidcd. they have cOvonantrd and agreed
and do by these presents. covenant agree
and bind themselves. As wen as al such
persons rs may hereafter becOm" aSSo-
ciatcd with them. to form a corporation for
the objects and purposes and under the
articles and StipulatiouS following. to-wit,
/ y ARTICLE 1.-The name Of this corpora
tion shall he Mercantile Forwarding CON-
pany, Inc. and under its said corporate
name il shall have power and authority Ia
have and enjoy corporal" eNiStcnc" and
succession for the full term and period of
ninety years from and after the date
hereof: 70 contract, sue and be sued; to
make and use n corporate seal and the
same to break or alter AT pleasure; 10 hold.
L N.
a. TTortCage and hypOthccate. property.
real personal and mixed. as well as cor
| poroal and incOrpor"al; to own and hold
stocks and bonds of other corporations: to
name and appoint such managers. agents.
directors and officers as its business. in
/ tercstS or convenience may require; and
| to make and establish. as well as alter
! and amend from timr To time such bylaws.
I rules and regulations for the proper con
/ duct. management and regulation Of the
| affairs of said corporation as ma, be neces-
| Sary and proper.
| ARTICLE 1.-THE domicile of said coz
pOratiOn shall be i'm 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 il are hereby declared to be:
To carry on a general shipping and for
warding business inCludi4.. 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 gent or broker; to act as
>HlpFlHE agents ana 1OrW3rderS or freight
10 act as insurance agent or broker; To
buy. sell and deal in for its own account
or as agent or broker. real estate tene-
mentS, railroads, tramways, watercrafts
merchandise and other personal property
leases, mortgages, stocks. bonds. deben.
lures, totes, drafts and other securities OF
evidences If debt: to own or charter .bd
oNerate slips and other watercrafts; Il
ON or lease and operate public and priv,
ate warehouses and 20 accept and dea
in bills of exchange and Othe- evidence,
of debt representing loans or advances oil
merchandise in warehouse or il transit
to subscribe to and, or otherwise acquir,
and own the stocks and bonds of other
corporations, to guarantee the bonds oil
other obligations of persons. firms and
corporations and the dividends on stocks Of
| other corporations. 70 establish branche.
and agencies in the United States and else
where; to acquire. purchase and re-issu,
its own stock as far as may re permitted
! by law; TO do and perform any and al
things and to exercise and enjoy any and
all rights or powers pertinent or Incl
dental to those hereinbefore specially
designated.
, ARTICLE IV.-The capital stock of thi.
. corporation is hereby fixed at the SUN OF
twenty-five thousand dollars (S25. 900 90
divided into and represented by five hun
! dred 5000 shares Of stock of the par valu,
of fifty dollars ($50.00) each. Said stool
shall be paid for in cash. at such time
in such amounts and after such notice L
the subscribers as may be fixed by tn,
, Board of Directors. and the same may b,
issued at not less than par for labor don,
or property actually received by the CO.
poratiOn.
t Tha corporation shall become a coins
concern and be authorized to do bushes,
. as soon as fifty 600 per cent. of its capita
stock shall have been subscribed and pal,
for.
The amount to which the capital stock o
: this corporation may be increased shall b.
the sum of one hundred thousand dollar
($10O,OOC00).
e ARTICLE V.--All of the corporate pow
= erS of said corporation shall be vested II
V and exercised by a Board of Directors L
Q be composed of not less than three 81 no
= more than five (5) stockholders of the COZ
!, poration tthe number of directors to b
: elected for the ensuing wear to be de
v termined by the Board of Directors no
: less than thirty 1907 days before the dat
of the annual election), to be elected an
r nually at general meeting of stOckhOld
@ ers to be held on the third Wednesday i
= January OF each year, except the frs
V Board of Directors appointed in thi
s charter who shall hold their Offices unit
: the third Wednesday in January. 1922.
n majority of directors shall constitute
h quorum for the transaction of business.
= All such elections shall be held by ba
lot and conducted at the Office of the col
|. poration under the supervision of tw
II commissioners to be appointed by tn
| bodTu VI
: Notice Of such meeting and of all othe
: stockholders meetings shall be given
= the manner prescribed by law, and. whe
: not so prescribed then written notice
- such meetings shall be deposited at lea
20 nfteen I'D days prs)r to the date of sal
y meetings in the post-office of the City {
a New Orleans, postage prepaid. properl
70 addressed to each stakeholder at his la.
n known residence or place of business.
d At all such elections and at all corpol
ate meetings, every stakeholder shall
II entitled to one vote for each share of stoc
Ie standing in his name on the books of tn
v corporation to be cast by him in pprso
h or by his written prCIy and majority
, the votes cast shall elect.
q Any vacancy occurring among she d
e rectors by death, resignation or otherwis
70 shall be filled by election for the une1
pired term by the remaining directors.
~ A failure to elect directors on the dat
- above specified SHALL not dissolve the co
: pOration nor impair its corporate existent
a and management, but the directors then
y office shall remain in office until their SUI
+ cessOrs shall have been duly elected an
4 qualified.
The Board Of Directors shall. annuall
IN At its first meeting after election, elet
,r from It's own number a President ando
er Vice President. They shall also elect
n Secretary and a Treasurer or one perso
to act as both Secretary and Treasure
er either OF whom may or may not be q men
1s Der of said Board. The Board of Dire
" tors may also elect one or more AssistaI