The herald., 1922-04-27
CHARTER OF
THE MERCANTILE SERVICE CO., INC
Apr. G. May IL

CHARTER OF
THE MERCANTILE SERVICE CO., INC.
United States Of America, State Of
Louisiana. Parish of Orleans. City of
New Orleans Be il known that on this
the fourth day of the month of April,
in the year Of our Lord. one thousand
nine hundred and twenty-five. before me,
CARL c. FRIEDRICHS, a Notary Pub
lie. in and for the Parish of Orleans.
State of Louisiana. duly commissioned
and qualified. and in the presence of 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 tho
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
join or become associated with them and
their successors. to form themselves unto
and ordain and establish a corporation
and body polite in law for the objects
and purposes and under the stipulations
following. tO-wit:
ARTICLE l. The name and title Of
this corporation shall be THE MERCAN-
TILE SERVICE CO., INC, and under said
corporate name it shall have and enjoy
succession for the period of ninety nine
years from the date hereof, under its
corporate name, commencing with the
date of this act, unless 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 corpora
| tions of this character, with full author
| ity to contract, sue and be sued. plead
and be implicated, appear, answer and
/ prosecute in any and all courts or JUS
/ tice and elsewhere; to make and use
corporate seal, which is hereby described
| as follows:
Two concentric circles having within
| the words, 1.-THE Mercantile Service Com
pany, Inc" New Orleans in the margin,
| and an Eagle design in the center.
To name and appoint such directors,
officers, managers, clerks, attorneys s.
agents and other employees to admin
lister its affairs as may be deemed neces-
! sary and proper; to make and ordaln
! such bylaws, rules and regulations for
! the proper management of its affairs as
may be deemed necessary and proper,
! and the same to repeal, amend ana AFTER
at pleasure.
| ARTICLE II. The domicile of this
| CORPORATION shall be in the City of New
| Orleans, State of Louisiana, and all cita-
tions or other legal process shall be
served upon the President of said corpor-
alton: or, in the event of his absence, upon
the Vice President, who is acting presi-
dent; or, in the absence of both, as the
law directs.
! ARTICLE III. The capital STOCK OF
this corporation is hereby fixed at Six
| Hundred Shares, of which Two Hun
bred (2OO) shares shall be eight per cent
cumulative participating preferred stock
at Fifty Dollars $4,000 each and -Four
| Hundred (400) shares shall be common
stock having no par value, to be paid
for by the subscribers thereto, by money
property or labor done at the time OF
the Subscription. The preferred stocI
of this corporation is never to exceed
Thirty-three and one-third (33 49, pei
centum of its total capital stock. INT
control and management or this corpor
ation including the voting power and al
other corporate powers, usually exercised
by it. to be vested in common stock t.
the exclusion of the preferred stocl
herein created.
Said stock shall be represented by Ger
tifcates of stock, signed by the Presi
dent and Treasurer; and, In the absence
of the President, by the Vice-President
and shall be transferred on the book
of the company only upon surrender 0
proof of loss or destruction OF the out
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 at
, tempts to vote same.
The capital stock shall be fully pal,
and non assessable; when issued 1t shall
be represented by certificate and shall
be personal property.
Transfers Of the stock Of this corpor
alton shall be made only on the book
of this corporation by the stakeholder
, in person or by written proxy, an
, under such regulations as the Board o
! Directors may prescribe.
ARTICLE ". The preferred stocl
, shall be entitled, out Of any and all sur
plus net profits whenever ascertained, I
accumulative dividends at the rate o
eight per cent per annum in each an
every year hereafter, in preference an
, priority to any payment Of dividends o.
. the common stock for such year. afte
, providing for the payment Of full divi
dends for any year on the preferre