The herald., 1922-05-11
CHARTER.


stock and for any balance that may re-
main due on accumulatiye dividends on
such preferred stock for preceding years
| and if there shall remain any surplus
net profits not necessary for maintenance,
! improvements or engagements, 1t shall
be distributed as follows: twenty-five
| (25) per cent of said surplus net prohts
! shall be placed in a sinking fund TO re-
/ tire said preferred stock in accordance
| with Article V of this charter; balance.
seventy five (I5) per cent, to be applied
| to dividends on common stock not 10
| exceed Eight Dollars (SSOO) per snare
| balance of this seventy five Co) per cent
| il 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 terml,
nation of the corporation, the preferred
| stock and holders thereof shall be emit
| tied to preference in the distribution or
| the assets and property of the corpor-
| alton.
ARTICLE V. The preferred stock is
| subject to redemption at one hundred
| and ten (l0) per centum and accrued
| dividends to date of redemption. 1t being
| understood that the corporation SHAH
| 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, ana sald
stock thereby being satisfied and can
| ceIled 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 at one hundred ana ten
| Ql0 per cent per SHARE. Plus accrued
| dividends to date of redemption. The
| said sinking fund of twenty-five (25) per
| 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 it is hereby de-
clared 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 ana
| 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 CONFIRMATION 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 oil
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 II
the CITY of New Orleans, or to erec'
and maintain building or buildings II
the City of New Orleans a part thereon
to be used as an exhibition hall for th'
accommodation Of exhibits in the In
terest of exporters and importers ane
the maritime interest of the port OF Ne"
Orleans and foreign ports, and also u
| maintain a hall in the said building Of
. buildings for the accommodation or as
. semblies and lectures or other entertain
2 ments and parts thereof to be used 10
, reading and writing rooms billiards anC
tenpin alleys, and such other games an'
! amusement devices as may by the Boar'
of Directors be deemed necessary, AM
for the further purpose of furnishing o
!
! tertainment or trade educational pur
a poses in connection with said exhibitions
To seek for and secure openings 10
, the sale of American goods and the EN-
> ployment of American capital In foreig
a countries and elsewhere. To prospec,
: inquire examine explore and test, an
. to dispatch agents and commissions I
a secure trade information for the beneh
: OF the company's subscribers and STOCK
I, holders. To advance the Industrial In
- onA knnE
. in the United States and such foreig
> | countries as it will be possible to reac
through the merchant marine ofncer
a sailing on American ships out OF thi
). and other ports of the United States, an
. generally to carry on and undertake sue
!, business, undertaking, transaction o
a operation commonly carried on or under
= | taken by the mercantile agencies or asso
n | Citations organized for the purpose 0
= | gathering and distributing trade infoi
q nation in connection with the importin
and exporting Of American and foreig
commodities, and in other business whlc
u seems to the company capable OF bein
', | conveniently carried on In connectlo
q with the above or calculate directly Q
indirectly to enhance the value or feI
y der profitable any or the company
. undertakings, property or rights.
a The several clauses contained in TIL
n statement Of purposes shall be construe
- as both purposes and powers. and IN
% statements contained in each claus
"a shall. except where otherwise expressed
20 be in no wise limited or restricted
" reference to or inference from the tern
= | of any other clause, but shall be r.
,. garded as Independent purposes an
ID powers.
ID ARTICLE VIII. The affairs Of tn
s. corporation shall he managed and a
q corporate powers thereof shall be veste
d in and exercised by a Board OF Dire
tors composed Of not less than hve m
In more than ten stockholders, and not ie
n, than five of such board shall constitu
n | quorum for the transaction OF Its bu
mess.
8, ARTICLE TX. Upon dissolution
8, this corporation by the action OF !
n stockholders, or at the expiration OF !
.. charter its affairs shall be liquidated
in three commissioners appointed by m
or jority of the stockholders present or re
as resented and voting at general NEE
r. ing The manner of Iquidating, {
er compensation and the powers OF the COZ
missioners and all other matters pertai
lis ing to the liquidation of this corpor
w ton shall be fixed and determined by
a. majority of the stockholders present al
be represented and voting at such gener
r. meeting of stockholders.
on ARTICLE X. No stakeholder sh
81 ever be liable for the contracts fau
he or debts Of this corporation, nor sh
any mere intormality In the .organlz
OF ton of this corporation have the enc
TX of rendering this charter null. or re
n dering any stakeholder liable beyond 7
Ant n