The herald., 1922-11-23
CHARTER OF MARKs-REIss CO.,

INC
United States of America, State of
Louisiana, Parish of Orleans, City of
New Orleans. Be Ii known, that on this
the year of our Lord, one thousand,
nine hundred and twenty-five. and of the
independence of the United States of
America, the one hundred and forty
sixth, before me, William Guste. a
notary public. duly commissioned and
qualified in and for the above parish
and state, therein residing, and in the
presence of the witnesses hereinafter
named and undersigned, personally
came and appeared the several parties
whose names are hereunto subscribed.
who severally declared that, awaiting
themselves of the laws of the State of
Louisiana in such cases made and pro-
vided, and more particularly of Act
267 of the General Assembly of the
State of Louisiana of 1914, relating TO
the creation, organization and forma-
ton of corporations, they have CO.
|venanted and agreed. and by these pres
ents do hereby covenant agree and bind
themselves. as well as all other persons
as may hereafter become associated with
them, to form corporation for the OBJ
jects and purposes under the articles
and sttpulations following, which they
hereby adopt as their charter. to-wit:
ARTICLE 1.-The name and title of
this corporation shall be Marks-Riess
Co, Inc, and under its corporate name II
and enjoy corporate existence for a
period of ninety-nine years from date
hereof, unless sooner dissolved by liqui-
dation or otherwise 1t shall have power
to contract, to sue and be sued; to make
and use a corporate seal and to alter and
break the same at pleasure, to hold, re-
ceive, lease. purchase, transfer. assign,
mortgage, hypothecate, pledge or other
wise dispose of property, real, personal
or mixed, corporal and incorporeal;
to issue bonds. and, If desired. to secure
same by mortgage; to acquire out of
surplus and /Or undivided profits, its
own stock and hold or dispose of same
as may by the directors be determined;
to hold stocks in other companies; 10
make and elect officers and directors
to make and establish, alter and amend
proper government, as may be deemed
necessary and proper for the extension
of the business in which the corpora
ton is engaged
ARTICLE 1.-THE domicile of this
corporation shall be in the City of New
cess shall be made upon the president
or, in his absence, upon the vice-presi-
dent and treasurer. or, in the absence
of the latter. upon the secretary.
ARTICLE III-The objects and pur-
poses for which this corporation is or.
ganized and created, and the nature OF
the business to be carried on by il are
declared to be as follows:
To engage in and conduct a general
merchandise, coffee rice, sugar, pro-
duce, commission and exporting and i'm
porting business. To buy, sell. at re-
tail or wholesale. export import, and
otherwise deal in groceries, foodstuffs
raw and finished agricultural products
OF any nature whatsoever. To manu-
facture, store, refine, transport and
otherwise deal in agricultural pro-
ducts. manufactured articles, or mer-
n n md fcn 10
generally. to do and perform all things
appertaining to and incident to the
carrying out and proper execution OF
the objects and purposes hereinabove
mentioned.
ARTICLE Iv-The capital stock OF
this corporation is hereby fixed at the
sum of fifty thousand ESQ. 000.00) dol
lars, and shall be divided into and rep
resented by five hundred shares of the
common stock of the par value of one
hundred dollars each.
Said stock shall be paid for in cash,
or by property, or services actually
rendered to the corporation. or other
equivalent of cash, as provided by law,
and in such instalmsnts as may be pre-
scribed by the board of directors.
This corporation shall become a 60
ing concern and shall be authorized to
per cent (5Oqs) of its capital stock
shall have been subscribed, and fifty
per cent of all stock subscribed for
shall in fact have been paid for, either
in cash or its equivalent.
ARTICLE V-The capital stock OF
this corporation may be increased TO the
sum Of one hundred thousand (s100.-
| O00.0O dollars, by vote of two-thirds
of all the stock present or represented
at a special meeting called for that
purpose. or at regular annual meet
ing of the corporation.
ARTICLE VI-The stock of this cor
poration can be transferred only on
the books of the corporation, and sub
ject to such regulations and formalities
as may be by the board of directors
from time to time prescribed. Nc
stakeholder shall be permitted to sell
or otherwise dispose of his stock with
out first offering the same in writing
to the other stockholders, through the
board of directors at a price not ex-
ceeding the book value thereof: and
said stockholders, in proportion to their
holdings, shall have an option and first
right to purchase. at the book value of
such stock on December 31st, last pre-
ceding. all the shares of stock to be
thus disposed Of by sale or otherwise
of any of the stockholders. and shall
have a period of ten days In which I,
accept or decline to purchase said stock
then such stakeholder is at liberty to
sell or dispose Of the stock. and may dc