The herald. [volume] (New Orleans, La.) 1905-1953, 1913-12-11

mortgage Of it's property, or on notes or
bonds secured by mortgage, or otherwise :;
10 name and appoint such officers, directors,
managers and agents as the interest ana
convenience Of said corporation may re-
quire; to make and establish such bylaws
and regulations for the proper management
and regulation as may be necessary ana
proper, and the same TO change and alter
at pleasure: and to do and perform all
such acts as are or may be requisite ana
necessary to carry out the purposes and
objects of said corporation.
Article 1.-THE domicie of said corpor-
alton shall be in the city Of New orleans
parish and state aforesaid, and the presi-
dent thereof shall be the proper person or
officer upon whom all citations or other le-
gal process shall be served.
Article III.-The objects and purposes
for which this corporation is organized and
the nature OF the business to be carried
on by 1t are hereby declared TO be: To buy
and sell cotton seed, to own and operate
mills for the manufacture Of cotton seed
oil and for the manufacture Of cotton seed
into all its various commercial products: TO
manufacture fsod and fertilizers and to feed
cattle to acquire and operate gins and to
do everything pertinent to the conduct OF
such business as the needs and purposes
OF said corporation may require; to own
and operate steamboat or BOATS ana
barges for the transportation or passengers
seed and other freight.
Article Iy-The capital stock of this
corporation is hereby fixed at one hundred
thousand dollars, S1O0.000). to be repre-,
the par value OF one hundred dollars (SlOo)
each. Payments for said stock shall be
made in cash or its equivalent;
No stockholder may. sell, assign or trans
fer his stock in this corporation unless
thirty 800 days previous notice or such IN
tention to sell, assign or transfer the stoci
is given to the company previous TO suct
sale assignment or transfer; and upoT
such notice the board OF directors shall
have the right to purchase the stock at IT
book value. Upon failure of the board e
pass a resolution before the expiration o
thirty C3O) days to purchase the stock q
its book value, said stock may be sold II
open market
No stock of the company can be bough
In by any PLEDGE, except upon the aDov
conditions. and provided the board OF on
rectors do not resolve to purchase IN
same at its book value. within the perlo
named No stock can be transferred unde
any conditions unless the transfer be mao %
upon the books of the company at Its OF
| fee in the city of New Orleans. Louisiana
This corporation shall be authorized I
commence business as soon as twenty s stoc
| sand dollars (s20,00O) of the capital stoc
| shall have been subscribed for.
| Article v.-All the corporate powers 9
said corporation shall be vested IN Dodr
OF directors consisting OF nve dire satIn
or ratification OF their action by the stoci
| holders The said board to be compose
of stockholders, and except the hrst, VINO
is hereinafter provided for, shall be electe,
annually on the third Tuesday in June
| each year after the year 1915. director
shall have the right to vote on said boar
| in person or by proxy. Said board sha
| have power TO make all needful rules an
| bylaws for the government and regulatlo
| Of the company and its AFFAIRS and bushes
| and to conduct the same and appoint a
subordinate officers and agents necessary
| that end and said officers and agents al
| only to be employed at the will OF Il
board. An elections shall be held 6sg dr q
on the third Tuesday In June 1916, und
| the supervision of two commissioners to
| appointed by the board Of directors. re
| DAYS notice Of such election shall be give
| bv written notice sent to stockholder
| his last address and the mailing OF said n
| tIce shall constitute proof OF service, al
| the directors then elected shall serve uni
their successors are elected and gualine
| A majority Of the votes cast shall elect, al
one vote shall be allowed for each sha
! of stock represented by the holder In persC
| or written proxy. Any vacancy occurrli
| in said board from any cause whatever sha
| he filled by the remaining directors. A m
jority OF the directors shall constitute