The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-24
CHARTER.

commissioned and qualified. and in the
presence Of thr witnesses hereinafter
named and undersigned, personally
came and appeared the several per-
sons whose names are hercunto sub
Scribed who SrVerally declared that
availing themselves of the laws of
the state Of Louisiana relative to the
formation of corporations. and partic-
ularly of Act 261 of 1914 of the Cen
eral Assembly of Louisiana and laws
amendItory thereof. or supplemental
thereto, they have Covenanted and
agreed. and by these presents agree
and bind themselves. as well as all
other persons that may hereafter be-
come associated with them. to form
polite in law under the following
articles. which they hereby adopt as
the charter of said corporation:
ARTICLE !; The name, of this cor
poration is declared to be penick az
Ford Sales Company. Inc.
ARTICLE IL. The objects and pur-
poses of this corporation are to engage
both as principal and /or as agent
consignee and representative of others
in the buying. selling, handling, ship
ment. consignment and dealing in mer-
chadiSe, goods, wares and products OF
every description. at wholesale and re-
tail, anywhere in the United States,
and in the Dominion of Canada and
Republic Of Mexico; to act as sales
agent, broker, commission merchant,
factor, conSignee and agent of manu-
features and dealers in merchandise.
goods, wares and products of every
things pertinent or incident TO- o:
necessary for, or connected with tho
transaction of such business.
ARTICLE III. The capital stock OF
! this corporation is hereby fixed at the
sum of 100000. divided into 5000
shares of n par value of Sl.00 each.
/ to be paid in cash at the time OF
the creation of this corporation; the
r. n CT nf
be increased in the manner provided
by law to the sum Of 100000.
ARTICLE w. The domiciIe OF this
corporation is hereby fixed in the city
of New Orleans, state of Louisiana.
and it shall enjoy succession for
period of ninety-nine years from the
| date of the charter, unless sooner dis
! solved in accordance with law. Ser
vice of process may be made upon any
officer of the corporation.
! ARTICLE V. All corporate powers
| of this corporation are hereby vested
| in Board of Directors, to be COM
posed of three CD stockholders of the
! corporation. The first Board of Direc-
tors shall consist OF the following
persons, to-wit: William S. Penick,
New Orleans, La; James p. Ford, New
Orleans, La; c. A. Keeper, New Or
leans. La. which said board shall
serve until the first annual meeting
of the stockholders hereinafter pro-
vded for, or until their successors are
elected and qualified.
ARTICLE VI The annual meeting
of stockholders of this corporation for
on the first Tuesday in July of each
year during the existence of this cor
poratiOn, beginning with the first Tues
day in July, 1928.
ARTICLE VII. This corporation shall
enjoy all of the rights, powers and
immunities granted to similar corpor-
atoms by the laws of Louisiana, now
or hereafter in force, relating TO the
| 4. nN ~
wise, provided. shall in all respects.
in its corporate actions. be subject to
said laws.
ARTICLE VIII The incorporators
of this corporation are: william S.
Penick. New Orleans La, James p.
Ford, New Orleans. La, c. A. Keeper.
subscribers hereto. have subscribed to.
and at the signing hereof paid for in
cash the number of shares set oppo-
site their respective names hereunto
Thus done. read and signed at my
office in the city of New Orleans.
state of Louisiana, on the day and date
first hereinabove written, in the pres
ence of me, Notary. and OF Walker b.
Spencer and Sumter d. Marks, Jr.,
undersigned competent witnesses. re-
S'@ Original ' sebscribers: Peni 1 Ford.
Ltd. Inc, by w. s. Penick. President.
1897 shares; w. S. Penick. SHARE
J. p. Ford, share; c. A. Keeper, 1
share.
| Witnesses:
| SUMTER d. MARKS, JR.
| w. B. SPENCER.
PIERRE u. OLIVIER,
| Notary Public.
certify the above and foregoing
| to be a true and correct copy of the
original act OF incorporation of Penick
& Ford Sales Company, Inc. the orig
inal of which is on file and of record
in my office. which has been duly re-
corded in the office of the Recorder
of Mortgages for the parish OF Orleans.
in book 1868, folio 507
PIERRE ID. OLIVIER,
| Notary Public.
July 26-Aug. 81