The herald., 1913-12-18

mortgage of Its property, or on notes or
bonds secured by mortgage, or otherwise I;
TO name and appoint such officers, directors,
managers and agents as the interest and
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 and
proper, and the same TO change and alter
at pleasure; and TO do and perform all
such acts as are or may be requisite and
necessary TO carry out the purposes and
objects OF said corporation.
Article 1.-THE domicile 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
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 or
such business as the needs and purposes
OF said corporation may require; to own
and operate steamboat or boats and
seed and other freight.
Article Iy.-The capital stock of this
corporation Is hereby fixed at one hundred
thousand dollars, s1O0;OOO), TO be repre-,
the par value Of one hundred dollars CS1Oo)
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 900 days previous notice OF such In
tention to sell. assign or transfer the stock
sale, assignment or transfer, and upon
such notice the board Of directors shall
have the right to purchase the stock at Its
book value. Upon failure OF the board to
thirty 800 days to purchase the stock al
it's book value, said stock may be sold In
open market.
No stock of the company can be bought
conditions. and provided the board of d
rectors do not resolve to purchase tht
same at its book value, within the period
named No stock can be transferred "a qndsl ssi
upon the books OF the company at its OF
fee In the city of New Orleans, Louisiana
This corporal ation shall be authorized tc
sand dollars (s2O,OO0) Of the capital stoci
shall have been subscribed for.
Article v.-All the corporate powers o.
said corporation shall be vested ted in .oSrS ooarS
| without the necessity OF any authorizatloI
| or ratification of their action by the stock
holders. The said board to be compose,
| of stockholders, and except the first, whici
| is hereinafter provided for, shall be elected
! annually on the third Tuesday In June II
| each year after the year 1918. llrector'
shall have the right to vote on said boart
| in person or by proxy. Said board shal
have power to make all needful rules am
| bylaws for the government ana regulatlol
OF the company and its affairs and busines
| and to conduct the same and appoint al
subordinate officers and agents necessary Z
| that end: and said officers and agents ar
only TO be employed at the will OF tn
| board. All elections shall be held at IN
ofice OF the company annually, beginnin
| on the third Tuesday IN June, 1916. unde
the supervision OF two commissioners to OF D
| appointed by the board OF directors Iel
| days' notice OF such election shall be give
bv written notice sent to stockholder a
| his last address and the mailing OF said nc
| tice shall constitute proof Of service, an
| the directors then elected shall serve unit
their successors are elected and gualined
A majority OF the VOTES cast shall eiect. an
| one vote shall be allowed for each shar
OF stock represented by the holder In perso
| or written proxy. Any vacancy occurrin
| in said board from any cause whatever shal
| be filed BY the remaining directors. A ma
| jority Of the directors shall constitute