The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-10
CHARTER OF
PENICK & FORD SALES Co INC

United States of America. State of
louisiana, Parish of Orleans Be il
known that on the 10th day of July.
Notary Public in and for the parish
OF Orleans. state OF Louisiana, duly
commissioned and qualified, and in the
presence Of the witnesses hereinafter
named and undersigned, personally
came and appeared the several per
sons whose names are hereunto sub
scri6ed, who severally declared that,
aVail1ng themselves of the laws OF
tne state OF Louisiana relative to the
formation of corporations, and partic-
ularly of Act 267 of 1914 of the Cen
eral Assembly of Louisiana and laws
ahnenaatory thereof. or supplemental
agreed and by these presents agree
and bind themselves, as we'll as All
other persons that may hereafter be-
come associated with them. to form
and constitute corporation and body
poHtic In law under the following
artlcIes, which they hereby adopt as
the charter of said corporations:
ARTICLE /. The name of this COR
Rora'iSn is declared to be Penick &
FORD Sales Company. Inc.
ARTICLE IL. The objects and mr.
poses OF this corporation are to engage
poth as principal and /or as agent
broker, factor, commission merchant
iE in sbs H,i ana representative of others
IN the buying, selling, handling, ship
Meht' consignment and dealing in mer-
chadise. goods, wares and products OF
every description, at wholesale and re-
and in the Dominion of Canada and
republic OF Mexico; to act as sales
agent, broker, commission merchant
factor, consignee and agent of manu-,
goods, wares and products of every
description, and generally to do ali
lnIhes pertinent or incident to, or
trsessatiy foF' or connected with the
ARTICLE III. The capital stock of
TINS corporation is hereby fixed at the
sum of s5,O0O.O0. divided into 600
snares OF par value of S10O each.
To- 70 De paid in cash at the time of
capital stock of this corporation NAV
be Increased in the manner provided
oy IaT 70 the 9y sum r of 100000.
corn LIE ~. The domicile of this
OF New Orleans. state of Louisiana,
and 1t shall enjoy succession for a
9 9efioG or ninety-nine years from the
soIved In accordance with law. Ser
wee or process may be made upon anv
oiiicer OF the corporation.
,AhIiCLE V. All corporate powers
In Board of Directors, to be COM
posed of three CD stockholders of tba
corporation. The first Board of Direc.
u nors shali consist of the following
~ -.
New Orleans. La; James p. Ford. New
Orleans, La; C. A. Keeper, New Or.
leans, La, which said hoard sbaiI
serve until the first annual meeting
OF the stockholders hereinafter nrn,
VIoed Tor, or until their successors are
elected and qualified i'
ARTICLE VI. The annual meet,np
OF stockholders of this Corporation fo1
ene election of directors shall be held
on the first Tuesday in July of each
year during the existence of this cor
poration, beginning with the first Tnes-
day in July. 1923. ue'-
ARTICLE VII. This corporation shall
ENJOY an OF the rights, powers and
Immunlties granted to similar corner
atiohs oy the laws of Louisiana. now
or hereafter In force, relating to the
SUBJECT and. except as herein other
wise, provided, shall in ali resnects
IN IT'S corporate actions, be subject to-
Article VIII. The incorDora,ors
Penick, New Orleans, La. Jamsn
Ford, New Orleans, La. c. Kennar
New Orleans. La, who, with the atba,
hereto. have Subscribed To
AND at the signing hereof. maid for ~
cash the number of shares set onnn.
"ereuh'o
Thus done. read and sirned .,
price in the city of New OrieanS
,tate OF Louisiana, on the day and dafc
.lrst hereinabove written, in the pres.
,nce OF me, Notary, and Of Walker r. /
,pencer and Sumter D. Marks. II
.,nI1iersigned competent witnesses, re.
i1lns IN the city and state Aforesaid. |
original subscribers: Penick & Ford.