The herald., 1914-02-05

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, 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 vice-presdent, 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 1t,
are hereby declared to be: To purchase and
acquire lands, buildings, equipment and ma
chinery, and more particularly lands, build
ings, equipment and machinery situated in
Copiah and Lincoln counties, Mississippi, and
known as the Mississippi Mills Property,
and to 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 (ss,0OO, divided into and
represented by fifty (50) shares, each of par
value of one hundred dollars Q0O), payable
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 Vail 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
to vote at directors meetings by proxy.
E. Marx, l. Marx, S: Odenheimer and John
directors who shall hold Office until the third
| Thursday of January, 1915, or until their sue
cessors shall have been duly elected and quail.
la he hal he nv
| ballot Of the stockholders at the annual meet
| ing called by mailing to each stakeholder, at
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 him
| and standing in his name on the books of
| the corporation at the time of the election
or other meeting, and all elections shall be
held under such rules and regulations may
! be determined by the board of directors. Fail
ure to hold an election on the date specified
| shall not dissolve the corporation, but the
1 directors then in Office shall hold their re-
| spective Offices until an election be subse-
quently held after ten days written notice
mailed to the last known place of residence
| of each stakeholder.
| Vacancies occurring on said board shall be
| filled by the remaining directors for the I'M
expired term.
fhe officers of this corporation shall con.
| sist Of president, a vice-president, secre-
| taTy and a treasurer.
The following shall be the officers of the
company until the third Thursday Of January,
| 1915, or until their successor or, successors
are duly elected and qualified: S Odenhei-
mer, president; l. Marx. vice-president; John
| H. Hickey, secretary; Z. Marx, treasurer.
Article VI.-All transfers of stock of this
corporation must be made upon the books of
| the company upon production of the stock
certificate. No stakeholder of this corpora
ton shall sell or otherwise dispose Of his
stock, without first offering the same in writ
ing, at the bona fde price offered to him
therefor, to the other stockholders through
the Board of Directors. Each stakeholder
shall, upon such offer, be notified in writ