The herald., 1922-05-11
CHARTER OF
THE MERCANTILE SERVICE CO.. INC.
Apr. 6-May IL


United States Of America, State Of
Louisiana, Parish OF Orleans, City OF
New Orleans. Be it known that on this
the fourth day of the month or April.
in the year OF our Lord. one thousand
nine hundred and twenty-five. before me.
Iic in and for the Parish of Orleans.
State Of Louisiana. duly commissioned
and qualified. and in the presence or the
witnesses hereinafter named and under
signed. personally came and appeared
the several persons whose names are
hereto subscribed, all above the full age
of majority and citizens Of the United
States OF America, who severally de-
clared that. availing themselves OF the
benefits and provisions OF the Constitu.
ton Of the State Of Louisiana and OF
the laws of said state relative to the
organizing OF corporations, particularly
Act 267 of 1914 of the General Assembly
Of the State OF Louisiana. and all amend
mpnts 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
ioin or become associated with them ana
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-wft:
ARTICLE l. The name and title OF
this CORPORATION shall be THE MERCAN-
TILE SERVICE CO., INC, and under SAID
corporate name Ii shall have and ENJOY
succession for the period Of ninety nine
years from the date hereof, under It's
corporate name commencing w si.no,r sns
date of this act. unless sooner dissolved
| by the action of its stockholders or In
| the manner provided by law; under its
| corporate name it shall have and ENJOY
and exercise all the rights and powers
and privileges hereinafter set forth, as
cd Ar
| hereafter be granted by law to corpora
| lions of this character, with full author
| ity to contract, sue and be sued, pieao
and be impleaded, appear, answer ana
prosecute in any and all courts or JUS
/ tice and elsewhere; to make and use o
| corporate seal, which is hereby described
| 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
agents and other employees to admin
lister its affairs as may be deemed neces-
| sary and proper; to make and ordalI
such bylaws, rules and regulations foi
the proper management OF Its aHalrs a'
may be deemed necessary and proper
and the same to repeal, amend and alter
ARTICLE H. The domicile of thi:
CORPORATION shall be in the City OF New
Orleans, State of Louisiana. and all cita
lions or other legal process shall o.
served upon the President Of said corpor
alton; or, In the event of his absence, upoI
the Vice President, who Is acting presi
dent; or, in the absence Of both, as TN
law directs.
ARTICLE III. The capital stock o
this corporation is hereby fixed at 81
Hundred Shares, of which Two Hun
dred (2OO) shares shall be eight per cen
cumulative participating preferred stocl
at Fifty Dollars ($5000) each and Fou
, Hundred (4O0) shares shall be common
stock having no par value, 10 De pai'
for by the subscribers thereto, by money
, property or labor done at the time
the subscription. The preferred stoc
of this corporation Is, never to excee'
Thirty three and one-third t33 1-3) pc
=, centum Of its total capital stock. Tn
control and management Of this corpor
alton. Including the voting power and al
other corporate powers, usually exercise
by IL. to be vested in common stock {
!, the exclusion of the preferred stoc
herein created.
said stock shall be represented by Ger
: tificates of stock, signed by the Presi
: dent and Treasurer; and, in the absenc
! of the President, by the Vice-Presiden
and shall be transferred on the DOCK
of the company only upon surrender
proof of loss or destruction OF the ou'
standing certificate; and no stockholde
shall be entitled to vote on any share
! transferred TO him within thirty day
preceding the day upon which he al
!, tempts to vote same.
. The capital stock shall be fully pal
: and -assessable; when issued It sha
: be represented by certificate and sha
3 be personal property.
e Transfers of the stock OF this corpol
4 alton shall be made only on the boob
of this corporation by the stockholdeI
in person or by written proxy. an
q under such regulations as the Board
' Directors may prescribe.
ARTICLE Nv. The preferred stoc
a shall be entitled, out Of any and all su
!. plus net profits whenever ascertained,
/. accumulative dividends at the rate
!. eight per cent per annum In each an
i every year hereafter. in preference an
J. priority to any payment OF DIVIDENDS
: the common stock for such year, aft
. croviA;n0 for the payment Of full div