The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-04
CHARTER.

| stock and for any balance that may re-
main due on accumulative DIVIDENDS on
| such preferred stock for preceding years
| and If there shall remain any surplus
| net profits not necessary for maintenance,
/ improvements or enlargements, it SHAH
| be distributed rs follows: Twenty-Five
/ C25) per cent of said surplus net prohts
| shall be placed in "a sinking fund TO re-
/ tire said preferred stock in accordance
! with Article of this charter; balance.
! seventy five (I5) per cent, to De apphed
/ to dividends on common stock not To
/ exceed Eight Dollars $500 per shaTt
! balance of this seventy-hve (i3) 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 term.
| nation of the corporation, the preferred
! stock and holders thereof shall be emit
| lied 70 preference in the distribution Of
the assets and property of the corpor-
| alton.
ARTICLE V The preferred stock is
! subject to redemption at one hundred
! and ten UlOD per centum and accrued
| dividends TO date of redemption, ii 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, ana salu
stock thereby being satisfied and can
| celled on the stock books OF SAID cor
puration.
ARTICLE VI. A sinking fund OF
| twenty-five (25) 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 and ten
llOl per cent per share, plus accrued
dividends to date of redemption. Inc
said sinking fund of twenty-five (25) per
cent of surplus net prOhts TO be set
aside before any dividends shall nave
bgau maid 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 II is hereby de-
clared to be: TO gather data, general
and special information in the interest
| of and for exporters and importers; 10
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 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 contraventon 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 OF
this company.
To enter into, make, perform and carry
out contracts of every sort and klnu
= with any person, firm. association cor
. poration. private public or municipal,
I or body polite, and with the government
: of the United States, or any state ter
2 ritory or colony thereof, or any foreign
: 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 III
| the City of New Orleans part thereof
to be used as an exhibition nail for ths
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 u
maintain a hall in the said building oil
;. buildings for the accommodation OF as
y semblies and lectures or other entertain
y ments and parts thereof to be used fol
Is reading and writing rooms, billiards ant
! tenpin alleys, and such other games ant
A amusement devices as may by the Boart
of Directors be deemed necessary, ant
), for the further purpose of furnishing o.
: ! providing for lectures, exhibitions, en-
"A tertainment or trade educational pur
"a poses in connection with said exhibitions
To seek for and secure openings 10
"A the sale of American goods and the EN-
"a | ployment of American capital in forelg
20 countries and elsewhere. To prospect
"A inquire, examine, explore and test, an
:. to dispatch agents and commissions I
"a | secure trade information for the benen
l. Of the company's subscribers and STOCK
g holders To advance the Industrial In
=, terest of it's subscribers and stockholder
:. In the United States and such foreig
" countries as it will be possible to reac
a through the merchant marine officer
=, 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
20 taken by the mercantile agencies or asso
~ Citations organized for the purpose o
- gathering and distributing trade infoi
: nation in connection with the importin
US and exporting of American and foreig
commodities, and in other business whic
vi seems to the company capable OF bein
=, :, conveniently carried on in connectio
10 with the above or calculate directly Q
Dy indirectly to enhance the value or reI
ne der profitable any OF the company
US undertakings, property or rights!
I'D The several clauses contained In TIL
In statement of purposes shall be construe
rs as both purposes and powers. and I'll
oS statements contained in each claus
vs. SHALL except where otherwise expresses
nc be in no wise limited or restricted o
90 | reference to or inference from the tern
a' of any other clause, but shall be r.
r. garded as Independent purposes an
ad powers.
nd ARTICLE VIII. The affairs OF tn
ls- corporation shall he managed and a
a / corporate powers thereof shall be vestt
ed in and exercised by Board OF Dire
tors composed of not less than five M
in more than ten stockholders, and not le
M than five of such board shall constitu
in a quorum for the transaction of Its bu
mess.
rs ARTICLE TX. Upon dissolution
vs. this corporation by the action or !
in stockholders, or at the expiration OF !
~ charter its affairs shall be liquidated |
lin three commissioners appointed by m
Tor jority of the stockholders present or re
as resented and voting at general NEE
err ing The manner of liquidating, G
ter compensation and the powers of the cor
missioners and all other matters pertai
his ing to the liquidation of this corpor
ew ton shall be fixed and determined by
ia majority of the stockholders present al
be represented and voting at such gener
or meeting of stockholders.
'on ARTICLE X. No stakeholder sh;
ST. ever be liable for the contracts, faul
the or debts of this corporation, nor sh'
any mere inLormality in the organic
or ton of this corporation have the enc
SIX of rendering this charter null, or re
In dering any stakeholder liable beyond I
ent unpaid amount, IL any, remaining