The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-04
CHARTER OF
Apr. 6-May II

THE MERCANTILE SERVICE CO, INC.
United States OF America, State OF
Louisiana. Parish of Orleans. City OF
New Orleans. Be 1t known that on this
the fourth day of the month of April.
in the year OF our Lord. one thousand
nine hundred and twenty-five. before me,
CARL c. FRIEDRICHS, a Notary Pub
Iic in and for the Parish of Orleans.
State Of Louisiana, duly commissioned
and qualified. and in the presence OF the
witnesses hereinafter named and under
signed. personally came and appeared
the several persons whose names are
hereto subscribed, all above the full age
of majority and citizens OF the United
States OF America, who severally de-
clared that. availing themselves or the
benefits and provisions of the Constitu.
ton of the State Of Louisiana and OF
the laws Of said state relative to the
organizing OF corporations. particularly
Act o67 of 1914 Of the General Assembly
of the State of Louisiana. and all amend
ments thereunto, they have covenanted
and agreed. and do by these presents
covenant and agree and bind themselves.
as well as such persons as may hereafter
Join or become associated with them ana
their successors. to form themselves unto
and ordain and establish corporation
and body polite in law for the objects
and purposes and under the stlpuiatlohs
following. tO-wtt:
AI y
this corporation shall be THE MERCAN-
TILE SERVICE CO., INC, and under said
corporate name 1t shall have and enjoy
| succession for. the period OF ninety MIN :
years from the date hereof, under It's
| corporate name, commencing with the
| date of this act unless sooner dissolved
| by the action of its stockholders or In
| the manner provided by law; under Its
corporate name it shall have and enjoy
and exercise all the rights and powers
| well as those now granted or that may
| hereafter be granted by law to corpora
| lions of this character, with full author
/ ity to contract, sue and be sued, plead
and Be implicated, appear, answer and
prosecute i'm any and all courts or JUS
| tice and elsewhere; to make and use O
corporate seal, which is hereby described
as follows:
| Two concentric circles having within
| the words "The Mercantile Service Com
pany, Inc" New Orleans in the margin
and an Eagle design in the center.
To name and appoint such directors
officers, managers, clerks, attorneys
agents and other employees to admin
lister its affairs as may be deemed neces
| sary and proper; to make and ordalI
| such bylaws, rules and regulations FOL
the proper management or Its analrs III
may be deemed necessary and proper
| and the same to repeal, amend and altel
at pleasure.
| ARTICLE H. The domicile Of thi
| corporation shall be in the City OF New
Orleans, State of Louisiana. and all cita
lions or other legal process shall D.
served upon the President OF SAID corpor
alton: or, in the event of his absence, upol
the Vice President, who is acting presl
dent: or. in the absence of both, as tn
law directs.
ARTICLE III. The capital stock o
this corporation is hereby fixed at 81
| xr-hf
dred (2OO) shares shall be eight per cen
cumulative participating preferred stocl
at Fifty Dollars ($50.00) each and Fou
Hundred (4O0) shares shall be commo
stock having no par value, to be PAL
. for by the subscribers thereto, by money
property or labor done at the time o
the subscription. The preferred stoc
of this corporation is never to excee
Thirty-three and one-third (33 1-3) pc
centum of its total capital stock. In
control and management OF this corpol
alton, including the voting power ana a
other corporate powers, usually exercise
by IL. to be vested in common stock {
the exclusion of the preferred stoc
herein created.
said stock shall be represented by Gel
! tificates Of stock, signed by the Pres
. dent and Treasurer; and, in the ebsenc
~ the President, by the Vice-Presiden
and shall be transferred on the BOOB
of the company only upon surrender
: proof of loss or destruction OF the ou'
standing certificate; and no stockholdt
shall be entitled to vote on any snare
! transferred 70 him within thirty day
preceding the day upon which he a
!, tempts to vote same.
; The capital stock shall be fully pal
. and worcestershire; when issued II sha
: be represented by certificate and sha
} be personal property.
. Transfers Of the stock Of this corpo
i alton shall be made only on the booi
of this corporation by the stockholde'
g in person or by written proxy, an
4 under such regulations as the Board I
' Directors may prescribe.
ARTICLE ~. The preferred stoe
q shall be entitled, out Of any and all su
: plus net profits whenever ascertained,
accumulative dividends at the rate
J. eight per cent per annum In each an
/ every year hereafter. In preference ar
/. | priority to any payment Of dividends {
|. the common stock for such year, aft
, providing for the payment Of full div