The herald., 1913-12-25

mortgage OF its property, or on notes or
bonds secured by mortgage. or otherwise;
to name and appoint such officers, directors,
mana gers 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 NAV be necessary and
proper, and the same 10 change and alter
at pleasure; and TO do and perform all
such acts as are or may be requisite and
objects Of said corporation.
Article 1.-THE domicile Of said corpor
alton shall be in the City OF New Orleans,
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: 10
manufacture food and fertilizers and to feed
do everything pertinent to the conduct Of
such business the needs and purposes
OF said corporation may require; TO own
and operate a steamboat or boats and
harges FOR the Transportation Of passengers,
seed and other freight.
Article Iv.-The capital stock of this
corporation Is hereby fixed at one hundred
thousand dollars, 100000, to be repre-,
the par value Of one hundred dollars (S1OO)
each. Payments for said stock shall be
made In cash or its equivalent;
fer his stock in this corporation unless
thirty 800 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 at
its book value, said stock may be sold In
open market.
No stock of the company can be bought
conditions, and provided the board of di
rectors do not resolve to purchase the
same at rs book value, within the period
named. No stock can be transferred under
any conditions unless the transfer be made
upon the books Of the company at Its OF
flee in the city Of New Orleans. Louisiana
This corporation shall be authorized to
commence business as soon as twenty thou
sand dollars (S20,000) Of the capital stock
shall have been subscribed for.
Article y.-All the corporate powers OF
said corporation shall be vested in board
Of directors consisting of five directors
without the necessity Of any authorization
or ratification Of their action by the stock
holders: The said board to be composed
of stockholders, and except the first which
Is hereinafter provided for, shall be elected
annually on the third Tuesday In June In
each year after the year 1910. directors
shall have the right to vote on said boar[
in person or by proxy. Said board shall
have power to make all needful rules anC
bylaws for the government and regulation
of the company and It's affairs and business
and to conduct the same and appoint al
subordinate officers and agents necessary Z
| that end and said officers and agents arr
only to be employed at the will OF tn
board All elections shall be held at tn
office Of the company annually, beginnin'
on the third Tuesday in June. 1916, unde
the supervision of two commissioners to I'D D.
appointed by the board OF directors. re-
| DAYS notice OF such election shall be givel
bv written notice sent to stockholder
| his last address and the mailing Of said no
| tice shall constitute proof OF service, an,
| the directors then elected shall serve unit
their successors are elected and qualihed
| A majority Of the votes cast shall eject, an
| one vote shall be allowed for each shar
| of stock represented by the holder In persol
| or written proxy. Any vacancy occurrin
| in said board from any cause whatever shal
| be filled by the remaining directors. A ma
| jority Of the directors shall constitute