The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-16

WATTS II. LENERlCH,
Notary Public.
Nov. Is Dec. II
CHARTER OF MARKS REIsS CO.,
INC.
United States of America, State of
Louisiana, Parish of Orleans, city OF
New Orleans, Be il known, that on this
9Th day of the month of November. in
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 J Guste,
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 aVailing
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
! jects and purposes under the articles
and stipulations 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 it
shall have power and authority to have
| 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 maze
and use a corporate seal and to alter and
break the same at pleasure, to hold re-
| purchase transfer
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; to
make and elect officers and directors
| to make and establish, alter and amend
bylaws. rules and regulations for its
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
Orleans, Louisiana, and service of pro-
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.
merchandise and manufactured articles
of any nature whatsoever. To manu-
facture, store, refine, transport and
otherwise deal in agricultural pro-
ducts, manufactured articles, or mer'
chandise of any nature whatsoever and
generally, to do and perform all things
appertaining to and incident to the
carrying out and proper execution OF
the objects and purposes hereinabovt
mentioned.
ARTICLE IV-The capital stock OF
this corporation is hereby fixed at tn,
sum of fifty thousand S50, 100000 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 actual!
rendered to the corporation, or othe
: equivalent of cash, as provided by law
; and in such manner and at such tim
and in such instalments as may be pre-
scribed by the board of directors.
This corporation shall become a go
ing concern and shall be authorized t
commence business as soon as fit!
per cent (50Go) of it's capital stool
shall have been subscribed, and fit,
per cent of all stock subscribed fo
shall in fact have been paid for, either
in cash or its equivalent.
ARTICLE V-The capital stock o
this corporation may be increased to the
r sum of one hundred thousand (S100,
=, 000.00) dollars by vote of two-third
of all the stock present or represented
/ at a special meeting called for tina
purpose, or at a regular annual meet
ing of the corporation.
ARTICLE VI-The stock of this cor
poration can be transferred only OF
the books of the corporation, and sub
ject to such regulations and formalitie:
as may be by the board of directors
from time to time prescribed. NJ
D stakeholder shall be permitted to sci
or otherwise dispose of his stock with
Z out first offering the same in writin,
e to the other stockholders, through tn
\ board of directors, at a price not ex
q ceeding the book value thereof; an
said stockholders. in proportion to thei
! holdings, shall have an option and frs
l right to purchase, at the book value o
E such stock on December 31st, last pre-
I ceding. all the shares of stock to b
thus disposed of by sale or otherwis
] of any of the stockholders and shal
Z have a period of ten days in which I
!; accept or decline to purchase said stock
! then such stakeholder is at liberty I
$ sell or dispose of the stock, and may d