The herald., 1912-07-25

power to contract, sue and be sued to make
ana use corporate seal, the same to alter
OF oreak at pleasure; to hold, receive, con-
vey, purchase, hypothecate, mortgage, pledge
lease or otherwise acquire and dispose of
property, both real and personal: TO borrow
money, issue notes, bonds and other evil
dehces OF debts; TO have employ, discharge
and compensate such managers directors
Ofncers, agents, clerks and other employees
as the interest, convenience or adyanta ge
OF the corporation shall require; to estab-
Hsh bylaws, rules and regulations for the
proper conduct and operation of its bust
ness, and the same 10 alter and abolish as
lt may see mt, proper; and generally to have
anu ENJOY all lmmunities granted by law to
corporations or which may be necessary or
advantageous in the conduct and operation
OF its business and affairs
ARTICLE III.
The domicile of this corporation is de-
clared to be in the city of New Orleans
parish OF Orleans, state of louisiana
All CITATIONS and other legal process shall
ne served upon its president or in his alb
'sehce upon the vice-president. or in the All
sence Of both, upon the secretary treasurer.
ARTICLE III.
The objects and purposes of this corpora-
lion, and the nature Of the business to be
carried on by 1t, are hereby declared to be /:
TO buy and sell cotton for exporting or for
nome consumption to carry on general
commission business; also a cotton factor
age business the said corporation is also
empowered TO perform any other acts and
business incidental or germane to the OBJ
lects and purposes herein expressed, either
Tor It's own account or as agent for others
The said corporation shall have the right
10 establish agencies In the state of Louisi-
ana or elsewhere.
ARTICLE w.
Inc capital stock OF this corporation Is
hereby nxed at the sum OF one hundred thou
sand dollars $500, 0OO. OO), divided into. and
represented by one thousand shares of one
hundred dollars each; which stock shall he
payable In cash, or its equivalent, at time Of
Said corporation shall begin business as
soon as the whole amount of the capital
stock shall have been subscribed for
All certificates of stock shall be signed by
the president and countersigned by the sec
retary-treasurer.
Transfers of stock shall only be made on
the books Of the company by a stakeholder
In person or by proxy.
ARTICLE "
The business of the corporation shall be
entirely managed by, and all its corporate
powers shall be vested in, a board Of direc-
tors, composed of three directors TO he
elected annually on the second Monday in
April, beginning with the year 1914: a ma
GRITTY OF said board shall constitute a quorum
Tor the transaction of any and all business.
Inc board or directors shall have the
power to delegate the management of all or
part OF Its business to an agent, who NAV
not be member of said board and entrust
10 MIN the power to transact any business
for this corporation and be their attorney in
fact.
After their election, the members Of the
said board shall elect one of their number
as president and another as vice-president;
they shall further elect a secretary-treasurer
who may not be member of the board.
vacancies In the board Of directors result
Ing from death, resignation, or otherwise,
shail be niled by the remaining members Of
At all elections, each share Of stock shall
be entitled to one vote, either in person or
by proxy, and the persons receiving a ma
elected.
The failure from any cause to hold an
election on the day above specified, shall not
dissolve said company, but those In Office
shall have been elected and another election
shall be called, or held, within thirty DAYS;
OF which election, each stakeholder shall
have twenty days prior notice, in writing,
by mail, from the secretary-treasurer
or all general meetings and elections
twenty days prior notice shall be given in
writing by the secretary-treasurer unto each
sst'ocknolder; sent by mail and addressed to
his or her last known address.
Any member of the board Of directors
shall be authorized to appoint a stakeholder
to represent him at any or all board meet
s saIS WITH the same S powers as the principal
holder even though a member, shall vote for
himself and for his PRINCIPAL
This act or Incorporation may be altered,
amended, or changed, or said corporation
may be dissolved at general meeting Of the
convened for that purpose, after
fifteen days public notice published In one
Of the daily newspapers Of New Orleans; at
which meeting the opinion Of three-fourths
Of the stock present, or represented by proxy,
shall prevail. And In case of the dissolu.
ton being determined on, by like vote, the
shall elect two stockholders as
to liquidate and settle the az
fairs OF the said company. In the event of
the death Of either Of the said commission
ers or OF bis inability to act, the liquidation
shah Be continued By the survivor, unless