The herald. [volume] (New Orleans, La.) 1905-1953, 1914-02-19

acquired may be resold, unless retired in or
der to decrease the capital stock of the COM
pany as provided by law; to appoint managers,
officers, agents in the state OF louisiana and
other states, or elsewhere, as its interests
may require; TO establish, alter and amend all
rules and regulations and bylaws for the
conduct and management of its business as
may be necessary and proper.
Article 1.-The domicile of this corporation
shall be in the city of New Orleans, state Of
louisiana, and all citation and other legal
and in the absence of the president, upon
the yice-president, and in the absence Of both
OF these, upon the treasurer Of said corpora
ton.
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 purchase and
acquire lands, buildings, equipment and ma
chineTy, and more particularly lands, build
ings, equipment and machinery situated in
Copiah and Lincoln counties, Mississippi, and
known as the Mississippi Mills Property,
and 10 SELL mortgage, pledge, lease, rent, oper-
ate, or otherwise use the same or any part
thereof.
Article IV.-The capital stock OF this cor
poration is hereby fixed at the sum OF hve
| thousand dollars 5000. divided into and
represented by nifty go shares t eaSh OF par
in cash or its equivalent; and the company
shall commence business and become a going
concern as soon as 5000 Of its capital stock
is subscribed
Article V.-All the corporate powers of this
corporation shall be vested in and exercised
by board of not less than four nor more
than six directors, all stockholders of this
corporation. The directors shall be entitled
E. Marx, l. Marx, S. Odenheiner and john
II. Hickey shall constitute the FIRST board Of
directors who shall hold Office until the third
Thursday of January, 1915, or 1ntil their sue
cessors shall have been duly elected and quail
fled. In each year, on the third Thursday Of
| January, the directors shall be elected by
| ballot Of the stockholders at the annual meet
ing called by mailing to each stakeholder, a
his last known place Of residence, ten days
written notice OF such meeting. Each stock
holder shall be entitled, by person or BY
proxy, to vote for every share owned by hin
and standing in his, name on the books Of
the corporation at the time of the election
| or other meeting and all elections shall bt
| held under such rules and regulations as may
be determined by the board OF directors. Fail
urc 70 hold an election on the date specified
shall not dissolve the corporation, but tn,
directors then in Office shall hold their re
| spcctive Offices until an election be subse
Quently held after ten days written motto,
mailed to the last known place OF residene'
| of each stakeholder.
Vacancies occurring on said board shall b,
| hlled by the remaining directors for the IN
| expired term.
The officers of this corporation shall con
sist of president, a vice-president, a seere
! tary and a treasurer.
| The following shall be the officers Of tn,
company until the third Thursday Of January
/ 1915, or until their successor or successor
are duly elected and qualified: S. Odenhei
mer, president; /. Marx. vice president; Johl
H. Hickey. secretary; E. Marx, treasurer.
| Article VI.-All transfers of stock Of thi
corporation must be made upon the books O
the company upon production of the stoc
| certificate. No stakeholder of this corpora
ton shall sell or otherwise dispose Of hi
stock, without first offering the same in writ
ing, at the bona hde price offered to hir
therefor, to the other stockholders throug
the Board of Directors. Each stockholde
shall, upon such offer, be notified in wri