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

transferred TO him within thirty days
preceding the day upon which he at
tempts to vote same.
The capital stock shall be fully paid
and worcestershire; when issued II shall
be represented by certificate and shall
be personal property.
Transfers of the stock of this cOrpOr-
alton shall be made only on the. books
of this corporation by the stockholders
in person or by written proxy, and
under such regulations as the Board OF
directors may prescribe.
ARTICLE ~. The preferred stock
shall be entitled, out of any and all sur
plus net profits whenever ascertained, to
accumulative dividends at the rate OF
eight per cent per annum in each and
every year hereafter, in preference and
priority to any payment of dividends On
the common stock for such year, after
providing for the payment of full diyi-
dends for any year on the preferred
stock and for any balance that may re-
main due accumulatiye dividends on
such preferred stock for preceding years,
and ii there shall remain any surplus
net profits not necessary for maintenance,
improvements or engagements, il shall
be distributed as follows: Twenty tive
(25) per cent of said surplus net profits
shall be placed in a sinking fund To re-
tire said preferred stock in accordance
with Article of this charter; balance.
seventy-tve (15) per cent, to be applied
to dividends on common stock not to
exceed Eight Dollars $500 per share
balance of this seyenty-fve (15) per cent,
if there be any, shall be applied to extra
dividends equally divided per share basis
on both preferred and common shares.
In the event of the dissolution or termi-
nation of the corporation, the preferred
stock and holders thereof shall be enti-
tied to preference in the distribution OF
the assets and property of the cOrpor-
alton.
ARTICLE V. The preferred stock is
subject to redemption at one hundred
and ten Q10) per centum and accrued
dividends to date of redemption. 1t 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.
ARTICLE vi. A sinking fund Of
twenty (25) per cent of the surplus
dividends shall be set aside to retire all
or any part of the outstanding pre-
ferred stock at one hundred and ten
Q10) per cent per share, plus accrued
dividends ito date Of redemption. The
said sinking fund Of twenty-five (25) per
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 1t is hereby de-
clared to be: To gather data, general
and special information lin the interest
Of and for exporters and importers; to
aid and assist in the buying, selling and
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 a
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 IN
employed labor and to other subjects
of trade interest.
To join or consolidate with and to
enter into agreements and cooperative
relations not In contrayentiOn Of law
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
poration, private, public or 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 a part thereof,
to be used as an exhibition hall for the
accommodation of exhibits in the in
terest of exporters and importers and
the maritime interest of the port of New
Orleans and foreign ports, and also to
maintain a hall in the said building or
buildings for the accommodation of as
semblies and lectures or other entertain
ments and parts thereof to be used for
reading and writing rooms, billiards and
tenpin alleys, and such other games and
amusement devices as may by the Board
Of Directors be deemed necessary, and
for the further purpose of furnishing or
providing for lectures, exhibitions, en-
tertainment or trade educational pur-
poses in connection with said exhibitions.
To seek for and secure openings for
the sale Of American goods and the en-
ployment of American capital in foreign
countries and elsewhere. To prospect.
inquire, examine, explore and test, and
to dispatch agents and commissions to
secure trade information for the benefit
OF the c0mpany's subscribers and stock
holders. To advance the Industrial in
terest Of its subscribers and stockholders
In the United States and such foreign
countries as it will be possible to reach
through the merchant marine officers
sailing on American ships out Of this
and other ports Of the United States, and
generally to carry on and undertake such
business, undertaking, transaction or
operation commonly carried on or under
taken by the mercantile agencies or asso-
Citations organized for the purpose of
gathering and distributing trade infor-
nation in connection with the importing
and exporting Of American and foreign
commodities, and In other business which
seems to the company capable Of being
conveniently carried on In connection
with the above or calculate directly or
Indirectly to enhance the value or rem
der profitable any OF the company's
undertakings, property or rights.
The several clauses contained In this
statement Of purposes shall be construed
AS both purposes and powers, and the
statements contained in each clause
shall, except where otherwise expressed,
be In no wise limited or restricted by
reference to or inference from the terms
of any other clause, but shall be re-
garded rs independent purposes and
powers.
ARTICLE VIII. The affairs of this
corporation shall be managed and all
corporate powers thereof shall be vested
In and exercised by a Board Of Direc-
tors composed Of not less than five nor
more than ten stockholders, and not less
than five Of such board shall constitute
q quorum for The transaction Of its bus