The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-06
CHARTER OF

CHARTER OF
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. FhEDRICHS. a Notary Pub
lie, 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 Of 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 267 Of 1914 Of the General Assembly
Of the State Of Louisiana, and all amend
ments thereunt0, 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, and
their successors, to form themselves unto
and ordain and establish a corporation
and body polite In law for the objects
and purposes and under the stipulations
fOll0w1ng, 6O-wt:
ARTICLE l. The name and title of
this corporation shall be THE MERCAN-
TILE SERVICE CO., INC, and under said
succession for the period Of ninety mine
years from the date hereof, under its
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
hall
and exercise all the rights and powers
and privileges hereinafter set forth, as
well as those now granted or that may
hereafter be granted by law to corpora
tons of this character, with full author
ity to contract, sue and be sued, plead
and be impleaded, appear. answer and
prosecute In any and all courts Of JUS
tice and elsewhere; to make and use a
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,
lister Its affairs as may BE- deemed neces-
sary and proper; to make ana ordain
such bylaws, rules and regulations for
the proper management of its affairs as
may De deemed necessary and proper
and the same to repeal, amend and alter
at pleasure.
ARTICLE II. The domicile Of this
corporation shall be in the City Of New
Orleans, State of Louisiana, and all cita-
lions or other legal process shall be
served upon the President Of said cOrpor-
alton: or, in the event of his absence, upon
the Vice-President, who is acting presi-
dent; or, In the absence Of both, as the
law directs.
ARTICLE III. The capital stock of
this corporation is hereby fixed at Six
Hundred Shares, of which Two Hun
fred (2OO) shares shall be eight per cent
participating preferred stock
It Fifty Dollars ($50OO) each and Four
Hundred (400) shares shall be common
stock having no par value to be paid
Tor by the subscribers thereto, by money,
property or labor done at the time of
he subscription. The preferred stock
u this corporation is never to exceed
rhirty-three and one-third (33 1-3) Der
:entum OF its total capital stock. The
control and management Of this corpor-
ition, including the voting power and all
'ther corporate powers, usually exercised
oy 1t, to be vested In common stock to
he exclusion Of the preferred stock
herein created.
Said stock shall be represented by GER
ihcates Of stock. signed by the Presi- |
lent and Treasurer; and, in the absence |
u the President, by the Vice. Presidept, |
md shall be Transferred on the books
Il the company only upon surrender Of |
'roof Of loss or destruction Of the out |
'tanding certificate; and no stockholdef |