The herald., 1913-11-27
CHARTER

OF ORLEANS COTTON OIL MILL
United States of America, State or Louisi-
ana, Parish Of orleans, City OF New
Be il known, that on this seventeenth day
of the month OF November, in the year of
our Lord one thousand nine hundred and
thirteen, and of the independence OF the
United States of America the one hundred
and thirty-eighth, before me, Philip Gensler,
Jr. a notary public, duly commissioned and
qualified in and for the parish Of Orleans:
state of Louisiana, and In the presence OF
the witnessesses hereinafter named and un-
dersigned. personally came and appeared Ine
several persons whose names are hereunto
subscribed, who declared that, awaiting
themselves of the provisions OF the constl-
tuition and laws of Louisiana, relating to
the organization and formation OF corpor-
atoms, they have covenanted and agreed:
and by these presents do covenant ana
agree, and bind themselves, their successors
and assigns, and such persons as may here
after become associated with them, to form
and constitute a body polite In law or cor
pOra lions for the purposes and objects. ana
under the stipulations, terms and condi-
tions hereinafter set forth, which they mere
by adopt as their charter or articles OF In
corporation, to-wit:
pOration shall be the Orleans Cotton OIL
Mil and under its said corporate name
it shall have power and authority 10 nave
and enjoy succession for the term and pc
date hereof; TO contract to sue and be
sued to make and use corporate seal, and
the same TO break or alter at pleasure; 10
hold, receive, lease, purchase, sell and CON
vey as well as mortgage and hypothecate
under its corporate name, property, both
real and personal; to borrow money on
mortgage OF its property, or on notes or
bonds secured by mortgage. or otherwise /;
to name and appoint such officers. directors,
managers and agents as the interest and
convenience Of said corporation may re-
uuire; 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 an
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 c0rpor-
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 It 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 manufa cture OF cotton seed
manufacture food 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
barges 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, S10D.0O0). to be repre-
scented by one thousand (10O0) shares of
the par value Of one hundred dollars tS100)
each. Payments for said stock shall be
made in cash or its equivalent.
No stakeholder may sell, assign or trans
fer his stock in this corporation unless
thirty 800 days previous notice Of such in
tention to sell, assign or transfer the stock
Is given 70 the company previous to such
such notice the board of directors shall
have the right TO purchase the stock al its
book value. Upon failure of the board to
pass a resolution before the expiration OF
thirty 500 days to purchase the stock at
It's book value, said stock may be sold In
Oueu market.