The herald., 1922-04-27
CHARTER.


such preferred stock for preceding years,
and if there shall remain any surplus
net profits not necessary for maintenance,
improvements or enlargements, 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-fve (15) per cent, to be appIed
to dividends on common stock not to
exceed Eight Dollars $500 per share;
balance of this seventy-hye CI3) 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 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 Q10) per centum and accrued
dividends TO date of redemption, it 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
celed on the stock books of said cor
pOratiOn.
ARTICLE VI. A sinking fund OF
twenty (25D 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-
ferrcd stock ut one hundred and ten
UlO) per cent per share, plus accrued
dividends to date of redemption. The
said sinking fund of twenty-five (2o) per
cent of surplus net profits to be set
aside before any dividends shall have
been paid on common stock.
NDTICI VII objects and Dur-
poses for which said corporation Is
organized and the nature of the business
to be carried on by it is hereby de-
cIared 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
trade information bureau for the col
Iecting 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 contrayention OF law
with any persons, firms, associations oS
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
i anN nraif
! 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
| accommodation of exhibits in the in
| tereSt of exporters and importers and
| the maritime interest of the port of New
| Orleans and foreign ports, and also TO
| maintain Il hall in the said building or
/ buildings for the accommodation Of as
| semblies and lectures or other entertain
meHts 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-
/ 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 10
secure trade information for the benefit
| of the company's subscribers and stock
holders. To advance the industrial in
| terest of it's 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 or
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 OF
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
statements contained in each CLAUSE
shall, except where otherwise expressed
I De IN no wise VI lcSliiNbtu "
reference to or inference from the term!
of any other clause, but shall be re
garded as Independent purposes anc
powers.
ARTICLE VIII. The affairs of this
| corporation shall he managed and al
/ corporate powers thereof shall be vested
in and exercised by a Board of Direc
| tors composed of not less than five no
more than ten stockholders, and not les
than five of such board shall constitute
quorum for the transaction of its bus
mess.
, ARTICLE IN. Upon dissolution o
this corporation by the action of II
stockholders, or at the expiration of 1T
charter, its affairs shall be Iquidated b.
three commissioners appointed by ma
jority of the stockholders present or rep
5 resented and voting at n general meet
. ing. The manner of lquidating, tn
r 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
majority of the stockholders present an
meeting of stockholders.
4 ARTICLE " No stakeholder shal
ever be liable for the contracts, fault
e or debts of this corporation, nor shal
any mere intormalty in the organiZa
I ton of this corporation have the ehec
( of rendering this charter null. or rem
dcring any stakeholder liable beyond tn
I unpaid amount, If any, remaining du
( on his stock.
ARTICLE ZI The first Board O