The herald., 1922-03-23
CHARTER.
CHARTER OF THE MERCANTILE
SERVICE Co. INC.

United States of America, State of Louis
lana. Parish of Orleans. City Of New Or
leans, Be II known. that on this the -th
day Of March in the year OF our Lord
one thousand, nine hundred and twenty
two, before me, Warren v. Miller, n notary
public, In and for the Parish Of Orleans
and qualified, and in the presence of the
witnesses hereinafter named and under
signed, personally came and appeared
the several persons whose names are here
majority, and citizens of the United States
OF America who severally declared that.
availng themselves of the benefits and
provisions of the Constitution of the State
Of Louisiana. and of the Laws of said
state relative to the organization of cor
porations particularly Act 267 of 1914 Of
the General Assembly of the State of
Louisiana, and all amendments thereunto
they have covenanted and agreed, and do
by these presents, covenant and agree and
bind themselves as well as such persons
as may hereafter Join or become associat-
ed with them and their successors, to form
themselves unto and ordain and establish
corporation and body polite In law for
the objects and purposes and under the
stipulations following. to-wit:
ARTICLE The name and title of this
corporation shall be The Mercantile Ser.
vice Co, Inc, and under said corporate
name 1t shall have and enjoy succession
for the period of ninety whine years from
the date hereof, under its corporate name
commencing with the date of this act. IN
less sooner dissolved by the action of its
stockholders or In the manner provided
by law; under Its corporate name IL shall
have and enjoy and exercise all the rights
and powers and privileges hereinafter set
forth. as well as those now granted or that
may hereafter be granted by law to cor
porations OF this character, with full
authority to contract, sue and be sued
plead and be implicated, appear, answer
and prosecute In any and all courts OF
fA Ea aul
corporate seal, which is hereby de-
scrtbed as follows:
Two concentric circles having within
the words The Mercantile Service Com
pany, Inc, New Orleans in the margin,
and an Eagle design In the center.
TO name and appoint such directors,
onicers, managers, clerks, attorneys
agents and other employees to administer
hs anairs as may be deemed necessary
ana proper; to make and ordain such by-
laws, rules and regulations for the proper
amusement Of its affairs as may be
aeemea necessary and proper and the
same 70 repeal amend and alter at pleas
ARTICLE II-Ari citations or other le-
~ process shall be served upon the presi.
~ ush ~. .. SAID corporation, or in the event
Is acting president, or in the ahsancs M ~,
both as the law directs
ARTICLE iII-The capital stock of this
corporation sS,ps attic. Is hereby fixed at the sum Of
ehIicduu dollars (kA 600 OOl
whereof five thousand dollars Is5 OO0 M,
shall De preferred stock divided into one
hundred u00) shares at fifty dollars
lx50.00l each and thirty thousand dollars
S$so'ooo.oo) shall be common stock. hav-
Ing no par value, to be paid for by the
subscribers thereto. by money, property On
labor done at the time OF the subscrip-
ton. The preferred stock OF this corpora.
ton is never to exceed twenty-five per
centum t25%) Of its total capital stock.
The control and management OF this cor
poration, including the voting power and
all other corporate powers, usually exer.
cised by Ii. to be vested in common stock
20 the exclusion Of the preferred stock
herein created.
Said stock shall be represented by GER
tihcates OF stock. signed by the president
and treasurer and in the absence Of the
president. by the viee-president and shall
be transferred on the books of the CON-
pany only upon surrender Of proof Of
loss or destruction of the outstanding
certificate; and no stakeholder shall be
entitled to vote on any shares transferred
to him within thirty days preceding the
day upon which he attempts to vote same