The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-13
CHARTER.

| seventy-five (15) per cent, TO be applied
| TO dividends on common stock not to
| exceed Eight Dollars $500 per share !;
balance of this seventy-fye G5) per cent,
| If there be any, shall be applied to extra
! dividends equally divided per share basis
/ on both preferred and common shares.
| In the event of the dissolution or termi-
| nation of the corporation, the preferred
! stock and holders thereof shall be emit
/ tied to preference in the distribution Of
| the assets and property of the corpOr-
| alton.
ARTICLE V. The preferred stock is
| subject to redemption at one hundred
| and ten 1lO) per centum and accrued
! dividends to date of redemption, il being
| understood that the corporation shall
! have the right to retire all or any part
Of its preferred stock on any dividend
payment date by giving sixty days due
/ notice Of its intent to do so, and said
| stock thereby being satisfied and can
| celled on the stock books of said cor
| pOratiOn.
ARTICLE VI. A sinking fund Of
| twenty five (2j) per cent of the surplus
, net profits Of the payment of preferred
! dividends shall be set aside to retire all
| or any part of the outstanding pre-
| ferred stock ut one hundred and ten
| Q1O) per cent per share, plus accrued
! dividends to date Of redemption. The
| said sinking fund of twenty-five (25) per
I cent of surplus net profits to be set
aside before any dividends shall have
been paid on common stock.
| ARTICLE VII. The objects and pur-
| poses for which said corporation is
organized and the nature of the business
| to be carried on by il is hereby de-
| cared to be- TO gather data, general
and special information in the interest
of and for exporters and importers; to
aid and assist in the buying, selling and
dealing in all kinds of commodities
bought and sold by exporting and i'm
| porting companies in the United States
and in foreign countries.
| To maintain and operate for profit a
trade information bureau for the col
Letting and supplying of information as
| to foreign and domestic markets, as to
credit and standing of firms. corpora
| tiOns and individuals as to merchandise
for sale or exchange, as to available I'M
employed labor. and as to other subjects
Of trade interest.
To join or consolidate with and to
enter into agreements and cooperative
| relations not in contraventiOn of law
with any persons, firms, associations Oh
! corporations, governmental, municipal or
| otherwise. in and about the carrying on
| and out of all or any of the purposes Of
this company.
To enter into, make, perform and carry
| out contracts of every sort and kind
| with any person, firm, association, cor.
poration, private, public or municipal
| or body polite, and with the government
Of the United States, or any state, ter
ritory or colony thereof, or any foreign
| government.
To purchase, own and improve build
| ing or buildings already constructed in
| the City of New Orleans, or to erect
and maintain building or buildings in
| the City of New Orleans a part thereof,
to be used as an exhibition hall for the
mo- cor ann dot ion NJ m % m
| terest of exporters and importers and
| the maritime interest of the port Of New
! Orleans and foreign ports, and also to
maintain a hall in the said building or
buildings for the accommodation of as
| semblies and lectures or other entertain
ments and parts thereof to be used for
| reading and writing rooms, billiards and
| tenpin alleys, and such other games and
| amusement devices as may by the Board
| of Directors be deemed necessary, and
for the further purpose of furnishing or
providing for lectures, exhibitions, en-
i tertainment or trade educational pur-
| poses in connection with said exhibitions.
To seek for and secure openings for
the sale of American goods and the en-
| ployment Of American capital in foreign
| countries and elsewhere. To prospect.
| inquire, examine, explore and test, and
| to dispatch agents and commissions to
| secure trade information for the benefit
| Of the company's subscribers and stock
| holders To advance the industrial in
| terest of its subscribers and stockholders
in the United States and such foreign
countries as it will be possible to reach
| through the merchant marine officers
| sailing on American ships out of this
and other ports of the United States, and
/ generally to carry on and undertake such
| business, undertaking, transaction OF
| operation commonly carried on or under
| taken by the mercantile agencies or asso-
| Citations organized for the purpose OF
gathering and distributing trade infor-
nation in connection with the importing
and exporting of American and foreign
| commodities, and in other business which
seems to the company capable Of being
conveniently carried on in connection
with the above or calculate directly or
| indirectly to enhance the value or rem
der profitable any OF the company
undertakings, property or rights.
The several clauses contained In this
| statement of purposes shall be construed
as both purposes and powers, and the
4 statements contained in each clause
shall, except where otherwise expressed,
| be in no wise limited or restricted by
reference to or inference from the terms
of any other clause, but shall be re-
garded as Independent purposes and
| powers.
| ARTICLE VIII. The affairs Of this
corporation shall be managed and all
corporate powers thereof shall be vested
in and exercised by a Board of Direc-
| tors composed of not less than five nor
more than ten stockholders, and not less
| than five Of such board shall constitute
| a quorum for the transaction of its bus
| mess.
| ARTICLE TX. Upon dissolution of
| this corporation by the action of its
| stockholders, or at the expiration of its
| charter, its affairs shall be liquidated by
| three commissioners appointed by a ma
jority of the stockholders present or rep
| resented and voting at a general meet
| ing. The manner Of liquidating, the
compensation and the powers of the COM
| missioners and all other matters pertain
ing to the liquidation of this corpora
| ton shall be fixed and determined by a
majority of the stockholders present and
represented and voting at such general
meeting Of stockholders.
ARTICLE X. No stakeholder shall
ever be liable for the contracts, faults
| or debts of this corporation, nor shall
| any mere intormality in the ofganiza-
ton of this corporation have the effect
| of rendering this charter null, or rem
dering any stakeholder liable beyond the
unpaid amount, IL any, remaining due
| on his stock.
ARTICLE XI. The first Board of
| Directors of this corporation is hereby
| fixed at five in number, and shall be
| composed of: Walter +. Callahan, 423
Carondelet street; Sidney Story, 201 De-
| catur street; c. s. Barnes, 345 Baronne
street; VIM. Fl. Parham, S2S Napoleon
avenue; Benito J. Hermann, 423 Caron-
| delet street.
| Tins done and passed in nv notarial