The herald., 1922-04-20
CHARTER.


alton.
ARTICLE V. The preferred stock is
subject TO redemption at one hundred |
and ten u1O) per centum and accrued
dividends TO date of redemption, il 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, and said
stock thereby being satisfied and can |
celled on the stock books OF said cor
poration.
twenty-five (25) per cent of the surplus
net profits Of the payment OF preferred
dividends shall he set aside to retire all
or any part of the outstanding pre-
ferred stock at one hundred ana ten
1IO) per cent per share plus accrued
dividends to date of redemption. The
said sinking fund of twenty-five (25l per
cent Of surplus net profits TO be set
aside before any dividends shall have
been paid on 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 il is hereby de
clared to be: To gather data, general
and special information in the Interest
| Of and for exporters and importers; TO
! aid and assist in the buying selling ana
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
| 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 iOin or consolidate with and to
enter into agreements and cooperative
| relations not in contraventiOn OF law
| with any persons, firms, associations OF
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 KIND
with any person, firm, association, cor
poration, private. public OF municipal
or body polite, and with the government
Of the United States, or any state, ter
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 In
the City of New Orleans part thereon,
to be used as an exhibition hall for the
accommodation of exhibits in the In,
|
the maritime interest of the port of New
Orleans and foreign ports, and also "a
maintain a hall in the said building OF
. | buildings for the accommodation or as
semblies and lectures or other entertain
ments and parts thereof to be used 1ol
, reading and writing rooms, billiards and
tenpin alleys, and such other games and
amusement devices as may by the Boaro
of Directors be deemed necessary, and
for the further purpose OF furnishing OF
| IAaNNx
tertainment or trade educational pur
= poses in connection with said exhibitions
To seek for and secure openings fo
| the sale of American goods and the EN-
> ployment of American capital In foreigl
countries and elsewhere. To prospect
! inquire. examine, explore and test, ant
to dispatch agents and commissions Z
q secure trade information for the beneh
= Of the company's subscribers and STOCK
. holders. To advance the Industrial In
a terest of its subscribers and stakeholder
' in the United States and such foreig
: countries as 1t will be possible to reac
. through the merchant marine ofhcer
a sailing on American ships out OF thi
: and other ports of the United States, an
| generally to carry on and undertake sue
p business, undertaking, transaction o
d operation commonly carried on or under
n taken by the mercantile agencies or asse
n Citations organized for the purpose
q gathering and distributing trade infol
| nation
and exporting OF American and foreig
\. commodities, and in other business whic
= seems to the company capable, OF bein
:, conveniently carried on in connectiC
~ with the above or calculate directly
!, indirectly to enhance the value or re-
=, der profitable any or the company
Is undertakings, property or rights.
a The several clauses contained in tn
In statement of purposes shall be construt
Ia as both purposes and powers, and Il
" statements contained In each ciau
"a shall, except where otherwise expresse
IS be in no wise limited or restricted
~ reference to or inference from the tern
A. of any other clause, but shall be r
r garded rs independent purposes ar
Id powers.
I'd ARTICLE VIII. The affairs Of tn
s. corporation shall be managed and
a corporate powers thereof shall be yest'
I'd in and exercised by a Board Of Dire
tors composed of not less than five n
In more than ten stockholders, and not lie
n than five Of such board shall constitu
n quorum for the transaction OF Its bu
mess.
g. ARTICLE TX. Upon dissolution
IS, this corporation by the action or
n stockholders or at the expiration or !
- charter, its affairs shall be liquidated
in three commissioners appointed by a m
or jority of the stockholders present or re
as resented and voting at general NEE
er. ing. The manner Of liquidatlng' I
er compensation and the powers OF the col
missioners and all other matters pertai
lis ing to the liquidation of this corpor
wv ton shall be fixed and determined by
"a majority of the stockholders present
be represented and voting at such genei
,r- meeting Of stockholders.
on ARTICLE X. No stockholder sh
ST. ever be liable for the contracts, fau
ne or debts Of this corporation, nor sh
any mere intormality In the organs
or ton Of this corporation have the ell
TX of rendering this charter null, or re
m dering any stakeholder liable beyond
mt unpaid amount, II any, remaining d
ck on his stock.
uI ARTICLE XI. The first Board
"a Directors Of this corporation Is mere
sv fixed at five in number. and shal
% composed of: Walter +. Callahan,
oh Carondelet street; Sidney Story, Sl
"a catur street; G. s. Barnes, $40 Baror
se, street; VIM. II. Parham, S2S Napolt
he avenue: Benito J. Hermann, 423 Care
mr. delet street.
all Thus done and passed in my notar
,ed office in the City Of New Orleans,
to aforesaid, in the presence Of Jos. II. q
,ck molly and II. Baurhenn. competent "
nesses of lawful age and residing In
err city, who hereunto subscribe their nam
,si- together with said parties and me,
nee tary. on the day, month and date
mt, forth in the caption hereof.
oks Original signed: Harry F. Callah
Of 423 Carondelet street, 1 share preferr
ut walter f. Callahan, 423 Carondelet STR
der .ha,a nrafarred. r. T. Hermann,